Monday, May 19, 2008

Right on schedule

for gas to hit $4 per gallon by Memorial Day weekend, like I said it would. In some places, it’s ahead of schedule.
The average retail price of a gallon of regular grade gasoline in the U.S. rose to a new record high as the cost of a barrel of crude oil price continued its ascent, an industry analyst said on Sunday.

The U.S. average retail regular gasoline price rose to $3.7929 a gallon on May 16, up nearly 17 cents in the past two weeks, according to the nationwide Lundberg survey of about 7,000 gas stations.

In two areas -- Chicago and New York's Long Island -- prices soared to an average of more than $4 a gallon for the first time, survey editor Trilby Lundberg said.
If I’m wrong, it won’t be by much.

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