Gas around here is nearly $4 again. Hey I wish I had the money for the vacations he and the wife is taking separately.
How high will it go?
$5 Gas Returns To Southland
LOS ANGELES (CBSLA.com) — Gas prices in Southern California rose again on Monday, leaving some drivers paying over $5.00 per gallon.
CBS2′s Amber Lee reports the average price of a gallon of gas in the Los Angeles-Long Beach area climbed for the 25th consecutive day to $4.29 – over 50 cents higher than last month, according to the Automobile Club of Southern California.
One gas station in downtown Los Angeles was offering regular unleaded at $5.19 on Monday, prompting at least one potential customer to exit his vehicle, snap of a photo of the station’s prices – and then drive off in search of cheaper gas.
Gas Prices Soar 51 Cents in Just Two Months
Per gallon cost has risen every business day for a month.
Consumers are taking another huge hit in 2013. First, the two percent Social Security tax hike began the year. >>>
This President's Day also marked a full month of rising gas prices every single business day, following a very small early year drop. Gas prices began rising Jan. 18, from $3.29.3-a-gallon, and have soared since. If this increase continues, gas prices could threaten or even top the all-time high price of $4.11, set in 2008.
February 2013 saw record high gas prices for the time of year according to news reports. >>>
It took the media some time to catch on to rising gas prices, as "Good Morning America's" Josh Elliot said two weeks after the climb began that "we have just learned that gas prices have skyrocketed."
Those higher pump prices hurt consumers, who were already paying more for gas than in decades. The Energy Information Administration (EIA) reported recently that the average household spent more on gas last year, as a percentage of income, than it had in 30 years. >>>
Gas prices have been at sustained highs throughout much of President Obama's time in office. Although there are many factors to gas prices, Heritage Foundation noted in August 2012, that "after three years of adding regulatory hurdles and blocking exploratory access and development, President Obama's policies are helping keep prices higher than necessary."
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