Gas Prices Increased 19-Cents over the Last Two Weeks

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Last year this time, gas was a daily news story as it climbed to its all time high on June 21st at $4.626. However, in these recession times, gas prices are not, thankfully, news breaking items. Gas has risen 19-cents in the last two weeks, now at the price of $2.743 per gallon of regular.

Luckily, some are predicting gas prices will actually go down and not go out of control like last summer. "Prices could start to fall this month — though not by as much as they rose in May," reported USA Today. In fact, one expert told the paper that the summer gas price bubble has already popped.

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Comments (1) [rss]

I think Big Oil found out last summer that $3/gallon was the ceiling that people would pay before they start to seek alternative forms of transportation.

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