Gas prices jump to highest level since June

[Contrary1]

High demand for ethanol, my ass. Food, gas, health insurance, medication, a one-way ticket to some far away country...just how will you spend that big tax rebate?

Yet another legacy for the Decider. :eyes:

"NEW YORK - Gas prices jumped Friday to their highest level since June, a possible preview of what many analysts believe will be a record spike in pump prices this spring.

But the current price surge could be short-lived. While gasoline has risen sharply in recent days in response to oil’s dramatic climb to a new record above $101 a barrel, gas supplies have quietly grown to their highest level in 14 years.

<snip>

At the pump, gas prices rose 2.9 cents overnight to a national average of $3.115 a gallon, according to AAA and the Oil Price Information Service. That was the highest since June 8.

<snip again>

Many analysts believe gas prices will rise this spring to new records near $3.75 or $4 a gallon. But not everyone agrees."

http://www.msnbc.msn.com/id/12400801/

[whistle]

1. I saw that yesterday

[DainBramaged]

2. If they got the speculators out of the market

we'd be at or near $50 a barrel, which is why it seems petroleum by-products aren't priced for only the rich just yet.