Friday, March 4, 2011

Fuel Prices Sore-ing

CBS Philly

PHILADELPHIA (CBS) - Gas prices have recorded their biggest one week increase since Hurricane Katrina in 2005.

“It’s totally ridiculous, man,” said Anthony Pollard. He is feeling the pinch at the pump, like many other motorists. “I’m putting $50 in here today. And that’ll probably get me half a tank.”

Pollard owns a Chevy pickup. His other vehicle is a gas-guzzling Lincoln and he refuses to drive that until prices come back down, which may not be anytime soon.

AAA Mid-Atlantic’s Rick Remington says prices jumped 21-22 cents nationally and 18 cents in the Delaware Valley over the past week.

Remington says there’s a lot of volatility out there, so drivers would be wise to shop around.

“We’re seeing prices vary from $3.14 in South Jersey to $3.50 in Philadelphia. So within about a 15-20 minute drive, quite a spread.”

Industry experts predict we could see prices head up to the 3.75 zone by April...[Full Article]