February 18, 2013

What's Behind Skyrocketing Gas Prices?

Emily Jane Fox, CNNMoney


AP Photo

Gas prices have risen for 31 days straight, according to AAA. That means that the average price for a gallon of regular unleaded gasoline has increased nearly 13% over that period to $3.714. . .

Read Full Article ››

TAGGED: economy, gas prices, CNNMoney

RECOMMENDED ARTICLES

Our Tesla Model S drive from Washington, D.C. to Boston generated a lot of interest. And a lot of questions. . . more ››
February 11, 2013
Why Gas Prices are Skyrocketing Again
Myra Saefong, MarketWatch
On Thursday, the average U.S. price for a gallon of regular gasoline stood at $3.555, making it the most expensive average ever for that day and the highest level since Oct. 26 of last year, according to AAA. .  . more ››
February 8, 2013
A Spike at the Pump & a Smaller Paycheck
Maryilyn Geewax, NPR
Business leaders involved in homebuilding, oil drilling or automaking are happy about the way 2013 has kicked off. Lower- and middle-income consumers, on the other hand, are feeling like the year has kicked them in the head. . . more ››
February 7, 2013
Pump Prices Fleecing Americans of Paychecks
Energy Info Administration
Gasoline expenditures in 2012 for the average U.S. household reached $2,912, or just under 4% of income before taxes, according to EIA estimates. This was the highest estimated percentage of household income spent on gasoline in... more ››
United States oil consumption in 2012 will be about 4.7 million barrels a day, or 20%, lower than it would have been, if the pre-2005 trend in oil consumption growth of 1.5% per year had continued. This drop in consumption is no... more ››