Home > Albemarle Talk > Archives > 2008 > February > 22
Friday, February 22, 2008
Gas prices up again?
Anyone notice that gas prices are up? I mean way up. Anyone who’s filled up in the last few days has certainly noticed. The Associated Press reports that “gas prices jumped Friday (Feb. 22) to their highest level since June… .” The report also says analyst expect “a record spike in pump prices this spring.” This probably has a lot to do with a new record price being paid on the world market of $101 a barrel, even though U.S. domestic supplies are now at a 14-year high. There seems to be little hope of predicting with any accuracy when gas prices might become more stable. All that matters to consumers is that it’s costing a lot more to drive our cars and heat and cool our homes and businesses. It is predictable that gasoline prices won’t fall below $2.50 at the pump anytime soon or ever. Anyone see any hope for that?
