Gas prices are highest ever for this time of year

[marmar]

New York— Gasoline prices have never been higher this time of the year.

At $3.53 a gallon, prices are already up 25 cents since Jan. 1. And experts say they could reach a record $4.25 a gallon by late April.

"You're going to see a lot more staycations this year," says Michael Lynch, president of Strategic Energy & Economic Research. "When the price gets anywhere near $4, you really see people react."

Already, W. Howard Coudle, a retired machinist from Crestwood, Mo., has seen his monthly gasoline bill rise to $80 from about $60 in December. The closest service station is selling regular for $3.39 per gallon, the highest he's ever seen. ............(more)

The complete piece is at: http://www.detroitnews.com/article/20120218/BIZ/202180371/Gas-prices-highest-ever-time-year?odyssey=tab|topnews|text|FRONTPAGE

[bhikkhu]

1. I see a mandate for conservation, alternative fuel sources, and alternative transportation

Of course, what they hope and expect people to see - the media being fairly confident of the character of its audience - is a mandate to kick the black guy out. As the clown show the repugs have been giving is fizzling out, and an election without a close challenger isn't going to sell any papers, they have to come up with something.

(written just as I prepare to bicycle off to the library).

[theophilus]

2. Well, since my business depends on tourism the "staycation" is not necessarily good news! I

dislike the Oil companies and their bought and paid for pols with a high intensity. Gas prices did the same thing, pretty much, last winter and killed off the "recovery" then, as well. I cry for someone to stand up and fix this nightmare.

[doc03]

3. I fear gas prices will be the end of Obama's re-election hopes n/t