Gas prices see biggest jump of the year

[alp227]

Source: CNN

Gas prices jumped 18 cents over the past two weeks, the biggest jump of the year, according to a survey published Sunday.

The average cost of a gallon of regular is $3.69 nationwide, the Lundberg Survey found.

That's nearly 8 cents higher than a year ago, but still 28 cents lower than it was in April of this year.

"Higher crude oil prices, higher corn-based ethanol prices, plus a spate of refinery and pipeline problems around the country combined" are behind the spike, said publisher Trilby Lundberg.

Read more: http://www.cnn.com/2012/08/12/travel/gas-prices/index.html

[high density]

1. Let's get corn out of our fuel supply

Kthx.

[jxnmsdemguy65]

12. Amen

Obama needs to immediately suspend the nationwide ethanol requirement. All the land growing drought-impacted corn and soy should go back into grass. America needs affordable grass fed beef and buffalo!

[Historic NY]

2. Upstate NY +34 cents here.

[Fearless]

3. All actually due to price fixing, monopoly, and greed.

[DJFrey]

13. Drivers are ‘victims of speculators’ as petrol prices rise

When was the last time gas prices dropped fifty cents in one week? Where Il ive, last week gas prices went up fifty cents.

http://napoleonlive.info/economics/oil-prices-means-speculators/

[DonCoquixote]

4. Can you say October surprise

They have planned this all along to try and drive Obama out.

[crimson77]

7. I think it is the Labor Day surprise!

Prices will go down after the holiday, pure greed.

[Orrex]

6. Golly! That doesn't sound even a little bit bat-shit crazy!

[sakabatou]

8. Put that tinfoil hat back on

[onehandle]

9. GOP says jump, oil companies say how high?

Or vice-versa.

[winstars]

10. Reg around $4.11 in Redondo Beach CA, been going up jumped up 20 cents 5 minutes after refinery fire

up in Bay area... The scumbag oil companies sucking at least an extra dollar a gallon out of everyone for no fucking reason at all except because they can!!!

[Behind the Aegis]

11. And last year....

Last edited Mon Aug 13, 2012, 12:37 AM - Edit history (1)

Crude oil was around $79 a barrel and gas prices were around $3.60. Prices now are around, $3.67, but crude oil prices are $91.97. Crude oil jumped almost $12, but prices for gas, $.08. Also, it is still lower than April.

ETA: Two weeks in February (13-27), there was a $.20 jump in prices.