Monday, September 12, 2011

Gasoline Prices are at Record Levels for This Time of Year

File under: More examples of price inflation that are "somewhat higher" than Paul Krugman forecast.

The current average price for a gallon of regular gasoline in California is $3.946, according to the AAA Fuel Gauge Report. That's the highest ever for mid-September, after the end of the summer driving season. Nationally, the average is $3.649 a gallon, also a record for this time of year.

According to Phil Flynn, an analyst with PFGBest Research in Chicago. "We are probably at the low point for oil prices right now, and there is too much going on in the rest of the world, from higher demand and from reduced exports from places like Libya, for oil not to work its way back up in the coming weeks and months."


  1. The political terrorists are keeping prices high by printing money and buying oil. They want $5 gasoline in the US.

  2. Crack up boom anyone? I'll guessing 2-3 year time way this all goes another 5 years.