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Gas Hits National Average of $4 For First Time

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posted on Jun, 8 2008 @ 11:39 AM
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Gas Hits National Average of $4 For First Time


www.chicagotribune.com

NEW YORK - Drivers are paying an average of $4 for a gallon of gasoline for the first time. AAA and the Oil Price Information Service say the national average price for a gallon of regular gas rose to $4.005 overnight from $3.988. But consumers in many parts of the country have already been paying well above that price for some time.

Gas is expected to keep climbing, putting greater pressure on consumers and businesses, because the price of oil is soaring in futures markets. Light, sweet crude shot up nearly $11 a barrel Friday and approached $140 for the first time.
(visit the link for the full news article)



[edit on 8-6-2008 by DimensionalDetective]




posted on Jun, 8 2008 @ 11:39 AM
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Woo-hoo! Maybe we can break $5 per gallon by summers end and make OPEC, Exxon, Shell, and Chevron a few extra billion dollars richer. Oh, and the speculators too. Oh but wait, we have to remember, "they're really not making that much profit in all this"...Nobody's making much more profit as crude costs just keep shattering previous records on a week to week basis. I know the dollar is becoming more and more worthless with the idiotic fiscal policies of the ever-fraudulent fed, but this gas profiteering and endless greed-mongering is going to be the end of this nation. It is the proverbial straw breaking the already staggering camel's back.

Maybe our laughable "stimulus checks" can go into buying bicycles for us all...


Along with higher fuel costs, consumers are also contending with higher prices for food and other goods because of rising transportation costs.



www.chicagotribune.com
(visit the link for the full news article)



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