U.S. retail gasoline price nears record: government (diesel @ $3.66 gal)

[UpInArms]

Source: Reuters via Yahoo!

WASHINGTON (Reuters) - U.S. retail gasoline prices rose closer to record levels last week, up 3.2 cents from the previous week due to higher crude oil costs, the government said on Monday.

The national price for regular unleaded gasoline averaged $3.16, up 66 cents from a year ago and about a nickel away from the record $3.22 reached last May, the Energy Information Administration said in its weekly survey of service stations.

Separately, the price truckers paid for diesel fuel set a record for the second week in a row, jumping 10.6 cents to $3.66 a gallon, up $1.03 from a year ago, the EIA said.

Higher crude oil prices, which hit a record of almost $104 a barrel on Monday at the New York Mercantile Exchange, have driven motor fuel costs higher despite declining fuel demand and the highest U.S. gasoline inventories in 14 years.

Read more: http://news.yahoo.com/s/nm/20080303/bs_nm/usa_gasoline_price_dc

[DJ13]

1. Yep

MISSION ACCOMPLISHED

[Faygo Kid]

2. And people say W. is a failed president. Hell, look at how he has helped his rich friends.

He's achieved much of what he came in to try to do: War in the Middle East, transfer of wealth upward to his Pioneers and Rangers, erosion of the Constitution - and he's not through yet.

[Acadia Blue]

6. Exactly. And he the Iraq war was for the war industries and his

Blackwater death corporation squad and the other private death squads.

[rcsl1998]

3. Gasoline Inventories At A 14 Year High...

...Please explain 'Supply & Demand' to me again...

[maseman]

4. Man those poor truckers

Especially the independents must be getting crushed.

[Acadia Blue]

7. And they are bringing the cheap labor mexican truckers here too so

our truckers are getting hit in every direction.

[sarcasmo]

10. It's no longer feasible to be a Owner Operator.

When I drove in the 90's it was 99cents a gallon, or 200 bucks a fill up. Now you are looking at close to 750 a fill up, this is one of the direct causes of our insane grocery store prices.

[opihimoimoi]

5. The result of supporting Bush and Gas Pals....will we ever learn?..and now they shove McCain down

our throats....bastids....

[Acadia Blue]

8. The ideologically insane don't study history and think that doing

the same thing over and over again yeilds differnt results. I wish the war supporting pigs would enlist and put their butts where their words are located.

[anakie]

9. $3.16 per gallon is cheap.

The rest of the western world would love to be paying that price for gasoline.

Peace

[Amonester]

11. Higher taxes on oil in the rest of the world help (in part)...

those civilized "mild" socialist countries that have single-payer ("free") healthcare systems pay for their citizens' needs.

Any problems with that?