USATODAY.com – Gas prices might increase 24 cents: Gasoline prices could rocket 24 cents a gallon the next few days, as stations across the USA scramble to keep up with big jumps in the prices of oil and wholesale gas, a veteran energy-price analyst forecast Thursday.
‘It’s going to be brutal, horrendous,’ says Peter Beutel, president of energy-price tracker Cameron Hanover. He has followed energy markets for nearly three decades.
Thursday, light, sweet crude oil for April delivery traded as high as $55.20 a barrel in New York before closing at $53.57.
A 24-cent jump in the price of gas would bump unleaded regular to a nationwide average of about $2.16 a gallon, blowing through last May’s record of about $2.06. It could go higher as increased warm-weather driving in another two months pushes up demand, and therefore prices, forecasters say.
Geez, how many Middle Eastern countries do we have to invade to get gas back down to $1/gallon?
