Gas Prices-Up, Up & Away

[JudyLynne]

Further surge in gas prices expected

Wholesale gains are not yet fully reflected in pump prices

Bydocument.write(""); John W. Schoendocument.write('');
Senior Producer
MSNBC
Updated: 6:37 p.m. ET April 11, 2006

WASHINGTON - With the summer driving season still more than a month away, gasoline prices have already started their seasonal climb — jumping 15 percent in the past six weeks alone. And that’s just the price you’re paying at the pump. With wholesale prices rising even faster, it’s a safe bet that the surge in pump prices isn’t over, analysts say.
In fact, pump prices are rising along with the temperature, and motorists should expect little relief during this summer’s heavy driving period according to a government report released Tuesday.
The official short-term energy outlook from the U.S. Energy Information Administration (EIA) projects the price for regular grade gasoline this summer will average $2.62 a gallon, 25 cents higher than last summer, barring any unexpected supply disruptions. Gasoline prices have soared since February.

http://msnbc.msn.com/id/12265103/

[Anth]

Think yourselves lucky.

What is it? Roughly 4 litres in a gallon?

If aye, then we are paying around £4 a gallon of petrol.

Right now, thats just under $7 for one gallon of petrol.

[hughesjw]

Thanks, Anth. Suddenly I feel much better about gas prices here.

-JWH

[Anth]

Give it a few months, the average will rise from 93p (what it is now) to £1.

It hits the quid, the country comes to a standstill when the farmers and truckers blockade the refineries and have go-slows on the A1 again and I laugh because I walk or cycle everywhere

[Jeremy Scott]

I wish it that easy for me sir. I live about 45 minutes from work and its about 30 miles. I would love to ride my bike as its good excercise but I would be bloody well dead by the time I get there.

[Anth]

No public transport system?