Average nationwide gasoline prices have gained more than 40 percent in
the last year, and crude prices are hovering near $70 a barrel.
From CNN, 9/1/05:
http://money.cnn.com/2005/09/01/markets/gas_prices/
Gas prices surge above $3
Drivers flock to the pumps as outages, bottlenecks fan fears of a gas
shortage.
NEW YORK (CNN/Money) -
Gasoline prices spiked as high as $5 a gallon in some areas Thursday
as consumers fearing a gas shortage raced to the pumps.
Drivers in Atlanta said stations were charging well over $3 a gallon
for regular unleaded, and at least one station in Stockbridge, Ga.,
was charging customers $5.87 a gallon.
The price hikes were felt nationwide, with gasoline surging to $3.59
in Boston, $3.58 in Milwaukee and well above $3 in parts of New York.
Nationwide, the national self-serve unleaded average was $2.68 a
gallon, AAA said on its Web site, an increase of 6.1 cents -- and a
record high.
But a AAA spokesperson told CNN that prices were rising so fast that
its Daily Fuel Gauge Report cannot keep up, and the price reported
there more accurately reflects gasoline prices as of yesterday
morning.
A CNN survey of 25 Georgia gas stations found an average price
Thursday morning of $3.09 for regular gasoline.
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Harry
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