Tuesday, April 15, 2008

Gas Gone Wild

Gas Gone Wild High Gasoline Prices Fueling Inflation"Gas Gone Wild" isn't the latest hot video. It's more like the latest horror movie.

Gas and diesel prices both jumped again this week to record highs as the American economy falters due to higher energy costs.

Higher energy costs are blamed for fueling higher food and consumer good costs in a recent report from Texas A&M University.

Oil reached a high of $112 a barrel last week and some reports predict the price will increase to $150 or more.

high gas prices inflationThe average gasoline price jumped nearly 6 cents to $3.389 a gallon. This is up 51 cents from a year ago at this time.

high diesel pricesDiesel prices jumped over 10 cents a gallon to $4.059. This is up $1.182 a gallon from a year ago at this time.

Source: Department of Energy

Some Recent Headlines Concerning Gas Prices worth reading:
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