Projo Cars Blog

Gas, Oil Prices Hit New Records

1:52 PM Wed, Apr 09, 2008 |
Peter C. T. Elsworth    Email

NEW YORK -- The upward trend in energy prices showed no sign of abating Wednesday as gasoline set yet another record at the pump and crude oil topped $112 a barrel for the first time in the futures market, according to the Associated Press.

The national average price of a gallon of regular unleaded gas rose 1.2 cents to a record $3.343 a gallon, according to a survey of gas stations by AAA and the Oil Price Information Service.

With the peak summer driving season still to come and gas following crude higher, the fuel may well reach the retail price of $4 a gallon that the Energy Department has been forecasting.

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Comments

dan fonseca said:


The politicians suckered the public into this mode of travel.They should have learned from Europeans on public transportation,plus they should stayed more with the railroads.




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