Friday, March 4, 2011

Can you spell c-a-r-p-o-o-l?

I will confess I may be wrong.

I predicted $4.00 a gallon for gas here in San Antonio by Memorial Day.

The way things are going I'm now saying $5.00 a gallon by then.

Oil's surge felt by drivers, fliers and shoppers
Libyan crisis, Middle East unrest continue to push US gas pump prices, air fares higher
Associated Press -

NEW YORK (AP) -- The recent surge in oil prices is forcing sharp increases in gasoline and other fuels that could cascade throughout the U.S. economy for months to come.

Pump prices, which are already the highest ever for early March, jumped another 4 cents Thursday. The national average is $3.43 per gallon, according to AAA, Wright Express and Oil Price Information Service.

Airlines, shipping companies and gas station owners were bracing for fuel prices to rise this year, though not this fast. Prices shot up sooner than expected as unrest in the Middle East and Northern Africa brought concerns that supplies could be disrupted from a region that exports a quarter of the world's oil.

The rest of the story: