Saturday, February 23, 2013

Gasoline Prices Rise 34 Straight Days: Are Speculators to Blame? If Not, Who Is?

by Mike Shedlock, Global Economic Analysis:
Given a two-day plunge in crude futures, gasoline prices may have hit a temporary peak.
Nonetheless, consumers feel the pinch as pump prices have risen 34 straight days. For only the fifth time in history Gas prices topped $4 a gallon in District of Columbia.
Nationwide, the price of a gallon of regular gasoline climbed to $3.78 a gallon, up 47 cents in the past month, the AAA said.
In parts of California, Gasoline Prices Topped $5.00 on February 5. CNN Money has an interactive Gas Price map to check prices in your state.
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