gasoline, oil prices outlook for march 7 2011

gasoline, oil prices outlook for march 7 2011 ; The pockets of local travelers were hit even harder Friday as the national gas average increased by 10 cents since Monday. The $3.47 per gallon average for regular unleaded gas is the highest the country has seen since July 2008 when the average hit $4.11, according to AAA’s daily fuel guage report.

Is 2011 a replay of 2008 gas price spiral?
Ohio motorists, on average, are paying $3.47 a gallon for unleaded gas -- the highest price ever for this time of year. Prices at week's end surpassed even those for early March 2008, when gasoline soared four months later to all-time $4-plus highs. Read More...

Gas prices continue to soar
Specifically, the Valley saw about a 14 cent increase within the past five days. According to AAA’s report, the national average is 4 cents higher than Thursday’s average, 18 cents higher than one week ago, 35 cents higher than one month ago, and a frightening 76 cents higher than one year ago, Read More...

NJ gasoline prices continue to rise sharply
That's also much higher than a year ago, when New Jersey motorists were paying $2.57. Meanwhile, the national average price rose to $3.47, up 18 cents from last week. That's also much higher than the national average from a year ago, which was $2.71. Read More...

Spain Looks To Offset Oil Hike
Seventy-five percent of Spain’s energy consumption is imported, compared to an average of 60 percent for the entire European Union. According to the Spanish government, each increase of 10 euros in the cost of a barrel of oil adds six billion euros ($8.4 billion) to the country’s annual oil bill. Read More... For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post: