Monday, December 6, 2010

First Time Ever: $3.00 Gasoline Price for Christmas?

The national average for a gallon of regular gasoline hit $2.951 on Monday, according to AAA, Wright Express and the Oil Price Information Service. That's nearly 10 cents higher than a week ago and 32 cents more than a year ago.

Prices range between $3.055 a gallon to $3.519 a gallon in Washington, California, Delaware and Maine. Drivers in Nevada, Oregon, North Dakota, Illinois and Wisconsin, among others, pay between $2.96 a gallon and $3.027.

Colorado, Wyoming, New Mexico and Texas have some of the cheapest pump prices, from $2.682 a gallon and $2.812 a gallon.

"The U.S. has never spent Christmas with a $3-a-gallon average price for fuel," OPIS said. The currrnet price is the highest national average in two years, according to OPIS.

"We're within spitting distance right now," said Stephen Schork, an energy analyst and publisher of The Schork Report. "Whether we get there by the end of the year or by the end of January, as far as consumer's concerned, we're there already by a psychological standpoint."

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