Tuesday, March 13, 2012

Gasoline Prices Highest Ever for This Time of Year

The price of gasoline jumped by nearly a nickel over the weekend and is now $3.80 per gallon, reports AP.

Pump prices have risen an average 52 cents so far this year.  And things are likely to get worse, as supplies tend to decline in April as refineries need to switch to a different blend that's required in the summer. And driving tends to go up in the summer as schools go on vacation. 

Then, of course, we have Ben Bernanke printing money at a plus 7% annualized rate, which will push gasoline and most other prices higher for the foreseeable future.

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