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« Politicians focus on climate change's threat to species | Today | Arrests follow teen drinking party in Barrington » April 21, 2008Update: Gas jumps 19 cents to another record / Video
The average price for a gallon of regular, unleaded gasoline is $3.439 at the self-service pump, breaking last week's "short-lived" record of $3.24, according to AAA's weekly survey. Rhode Islanders were paying $2.819 at this time last year. Diesel jumped another 11 cents in the last seven days to $4.37. Still, Rhode Islanders are paying 7 cents less than the national average. The price jumped to an average $3.50 a gallon at filling stations across the country. Crude oil, meanwhile, set a new record of its own, spiking after an attack on a Japanese oil tanker in the Middle East to close above $117 a barrel for the first time. "It's killing us," said Jean Beuns, a cab driver in New York who estimated he is making $125 to $150 a month less than in the fall because of costlier fuel. "And it was so quick. Every day you see the price go up 5, 6, 10 cents more." Diesel prices at the pump also struck a record high, of $4.20 a gallon, according to AAA and the Oil Price Information Service, putting pressure on truckers and other shippers who rely on the fuel to transport goods to market. Prices are expected to keep climbing as they trace the path of crude, which has surged to new records for six trading sessions in a row. Oil prices are rising along with a host of commodities, from corn and wheat to gold and platinum, that are enticing speculators seeking hedges against a weakening dollar. Video: What's behind the gas crunch nationwide -- With projo.com and Associated Press reports Posted by Jack Perry CommentsGreg | April 21, 2008 11:34 AM link when will it end?????? tony | April 21, 2008 12:11 PM link Perhaps the Journal could do a piece that explains the price of Gasoline and/or a barrel of oil. I don't claim to be an economist, but I consider myself an educated man and yet this drastic increase in gas prices, when linked with record profits for oil companies, makes no sense to me at all. Why is the price going up? I hear generic excuses about the war, hurricaines, even the housing crisis, and yet I still don't see what one has to do with the other. Please explain it to your readership (if it's even possible to explain it). Thanks Don | April 21, 2008 1:25 PM link As usual the middle class is squeezed out!!! I can't even afford to drive to work!!! Tom Smith | April 21, 2008 2:23 PM link Just keep electing people that prevent domestic drilling, prevent construction of new refineries, and collect taxes on gasoline greater than the profits the oil companies are making. Why are gas prices so high? Because you voted for it. That's why. Greg | April 21, 2008 3:12 PM link I drive to work daily from Providence to the Norwood, MA area. And I agree, gas tends to be cheaper up there, if you call 3.39 cheaper. If we all just stopped buying gas for just a week, I think they'd get the picture. But we keep buying it. They spiked the prices last summer, we were astonished, but we kept buying it. Same thing is happening now, and before you know it, we'll accept 4.00 a gallon and they'll keep raking in the profits. C | April 21, 2008 4:19 PM link Stop complaining about the price of gas you spoiled Americans....how about the Haitans running out of food! In developing countries they are spending 80% of their income to feed their children. You complainers...how many of you voted for Bussshhhhh/Cheeeney ? Do you think we are better off with these two war criminals in power. Remember their ties to the oil industry. How many gallons of fossil fuels are being pissed away in Iraq? Americans get what they deserve... robert | April 21, 2008 5:32 PM link YEEHAW! The Empire is goin' belly up, cowboys! Peak oil is here to stay! Get used to it. Demand is going up. Supply is plummeting. Drilling in Alaska is a joke. Americans guzzle 20 million barrels of oil A DAY. Kiss the suburbs goodbye. They are done. Kiss your SUV goodbye. The party is over. Politicians will lie to you and say we can fix this, but it is un-fixable. It is what it is. We live in a wildly unsustainable fashion and it's biting us in the McDonald's fattened fanny. Dave | April 21, 2008 6:23 PM link Post a commentPlease be civil. Vicious comments, personal attacks and profanity won't be published. Name and email are required; email address will not publish. |
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ProJo 9 to 5 News Blog
Oct 2005 - March 2006
Those of you close enough should be buying your gas in MA. It's always cheaper there.