Tuesday, July 8, 2008

Gas Prices Continue to Climb Higher

high gas prices July 2008The average price of gas jumped again this week to $4.11. This is up about 2 cents and up $1.13 from a year ago at this time.

Diesel prices fared even worse climbing up over 8 cents to $4.72 a gallon, up $1.87 from a year ago at this same time.

These price increases come as businesses and consumers struggle to pay for higher fuel costs. Businesses continue to pass along "fuel charges" to customers and consumers are tightening their budgets and forgoing discretionary purchases.

Source: Department of Energy

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