Tuesday, May 6, 2008

Gasoline Prices Continue to Soar Upwards

average high price gas gasoline OIL 2008The average price of gasoline continues to soar upward as crude oil prices continue to reach record highs.

The average price of gasoline in the US this week is $3.613 a gallon. This is up nearly 56 cents from last year and 1 cent from last week.
energy advisory alert high price of gasoline gas oil America
The average price of diesel is nearly $4.15 a gallon, up nearly $1.35 from a year at this time.

High retail prices continue to fuel consumer inflation across America. Oil, a key component of many products and services, raises the prices of most goods and services including food.

Due to the staggering high price of oil and gasoline, the American Energy Advisory Alert remains: SEVERE

Source: Department of Energy

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