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Saturday, May 03, 2008
Gasoline May Soon Cost a Sawbuck
Get ready for another economic shock of major proportions — a virtual doubling of prices at the gas pump to as much as $10 a gallon.
That's the message from a couple of analytical energy industry trackers, both of whom, based on the surging oil prices, see considerably more pain at the pump than most drivers realize.
Gasoline nationally is in an accelerated upswing, having jumped to $3.58 a gallon from $3.50 in just the past week. In some parts of the country, including New York City and the West Coast, gas is already sporting a price tag above $4 a gallon.
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23:17 Posted in news | Permalink | Comments (0) | Email this | Tags: USA, news, gas, gasoline, oil, world, economy