by Bill McBride on 4/11/2011 08:21:00 PM
Monday, April 11, 2011
The average U.S. price is getting close to $4 per gallon.
From Ronald White at the LA Times: Gasoline prices continue climb
The U.S. average for a gallon of regular gasoline jumped 10.7 cents in the week ended Monday to $3.791, or 93.3 cents higher than a year earlier, according to the Energy Department's weekly survey of service stations.I think high gasoline prices are the top risk for the U.S. economy right now. Hopefully prices will decline soon; WTI crude futures declined slightly to $109 per barrel today.
The biggest regional increase was the 12.4-cent jump in the Midwest ... The Midwest average for regular gasoline reached $3.805 a gallon.
California drivers paid $4.161 for a gallon of self-serve regular gasoline ...
Posted by Bill McBride on 4/11/2011 08:21:00 PM