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Monday, April 11, 2011

$4 Gasoline, Again

by Calculated Risk on 4/11/2011 08:21:00 PM

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.

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 ...
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.