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Economy
Gasoline prices zip toward $3 mark
2010-01-12
Gasoline prices on Monday continued their push toward $3 per gallon. The only question now is when?

Prices have been jumping on the back of a strong oil market where the cost for a barrel has spiked 20 percent in the past month on the New York Mercantile Exchange.

Skyrocketing gasoline prices couldn't come at a worse time for motorists, who will see heating bills jump after the worst cold spell in years. Oil prices are now about three times what they were a year ago.

Prices rose 1.4 cents overnight to $2.749 per gallon, according to auto club AAA, Wright Express and Oil Price Information Service. Prices have climbed 8.4 cents a gallon in the past week and are 95.5 cents higher than a year ago. The AAA survey shows prices have jumped 8 cents or more in the past week in many parts of the country, including Dallas, Chicago, Miami and Columbus, Ohio.
Posted by:Steve White

#6  Acetone, 'Moose? Does it mess up your filters or seals or anything?
Posted by: gorb   2010-01-12 15:26  

#5  The big question is what gasoline is going to go up to?

When it's over $3/gal, I start adding a few ounces of pure acetone, which improves my mileage, despite what others say.

Then, when it's over $4/gal, I just use the economy car and break out the storage gasoline bought when the price was low. Along with the acetone.

Over $5/gal, a break out the torches and pitchforks and join the mob heading for Washington.
Posted by: Anonymoose   2010-01-12 13:31  

#4  $3/gal? Old news in CA.
Posted by: Rex Mundi   2010-01-12 12:04  

#3  Gee. If we had started drilling a year and a half ago, we'd be halfway there by now.
Posted by: gorb   2010-01-12 09:43  

#2  Much I think. They tend to be the canary in the coal mine and with the pack of yahoos we have in DC these days we won't even be able to count on the silver line of a strong domestic energy boom.
Posted by: AzCat   2010-01-12 01:36  

#1  The other question is, how much damage will higher petro prices do to an already shaky economy?
Posted by: Anguper Hupomosing9418   2010-01-12 00:31  

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