Monday, February 28, 2011

Record Jump in Gas Prices

As Libya Receives Sanctions, Gas Prices Jump After Biggest One Week Oil Rise in Two Years
Consumers Feeling the Pinch Try to Save Pennies at the Pump

ABC News

After the biggest one-week rise in oil prices in two years, weekly gas prices increased 6 percent according to the Department of Energy today. The national average is $3.38 per gallon, an increase of 19 cents over the previous week and 68 cents from the previous year. The average price in California is $3.72 per gallon, one of the most expensive gas states. With the least expensive gais is the Rocky Mountain region at $3.18 a gallon... [Full Article]

February ending with record gas prices

Sign On San Diego

We're paying $3.77 a gallon for regular in San Diego, the most we've ever paid in February and 30 cents more than we did three years ago, when regular topped out in June at $4.63.

"It’s irritating because you just don’t know how to budget," said Marie Montgomery, a spokeswoman for the Auto Club of Southern California. "It’s financially devastating to a lot of people."... [Full Article]