NEW YORK (CNNMoney) — The national average price for a gallon of gasoline rose for the ninth straight day on Sunday to $3.838. That is now only about 6.7% below the record high of $4.11 from July 2008.
The average price rose by three-tenths of a penny, according to the survey of gas stations conducted for the motorist group AAA. Gas prices are now up more than 17% this year.
The nationwide average was $3.52 a gallon a month ago and $3.76 a gallon on March 9 — the day that prices started rising again after a few days of slight declines.Gasoline averages more than $4 a gallon in seven states: Alaska, California, Connecticut, Hawaii, Illinois, New York and Washington. Gas prices are also above $4 a gallon in the District of Columbia, according to AAA. At nearly $4.48 a gallon, Hawaii ranks as the nation’s high. Prices are less than a dime away from $4 a gallon in Michigan, Nevada, Oregon and Wisconsin.
Showing posts tagged gas
AAA report: Gas prices up for 9th straight day - Mar. 18, 2012
Obama rolls out plan to cut oil imports - CNN.com
Looks like the US plan for meeting the energy crisis takes the next step. Bravo! However, this will also keep corn prices high unless production is increased. No easy answers.
President Barack Obama outlined a plan Wednesday to cut America’s imports of foreign oil by a third by 2025 — a response to growing global energy demands and instability overseas.
The president’s proposal relies primarily on increased domestic production, conservation, and a shift to biofuels and natural gas.
Among other things, Obama said he will push for an increased use of natural gas in trucks and buses, as well as the construction of commercial-scale biofuel refineries over the next two years.
The president also announced that he is directing the federal government to ensure that all of its vehicle purchases are alternative fuel, hybrid, or electric cars by 2015.
Higher fuel efficiency standards for cars will be announced this fall, he said. This summer, a new fuel efficiency standard will be proposed for heavy-duty trucks, he added.
The White House previously announced a decision to raise fuel efficiency standards for automobiles at a faster pace than required under the 2007 energy act — boosting them to 36 miles per gallon by 2016.
Unrest pushes gas prices up further - CNN.com
Gas prices have jumped nearly seven cents a gallon over the past two weeks, reaching a level more than 75 cents higher than they were a year ago, according to a survey published Sunday.
The average price for a gallon of self-serve regular is $3.57, the Lundberg Survey found. That’s 6.65 cents higher than the price the same survey found two weeks earlier.
The new jump in prices at the pump comes despite a drop in crude oil prices over the past two weeks. Lundberg described that as “follow-through” from the previous spike in oil prices.
