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Oil Prices Jump, Gas Prices Follow
January 13, 2011
Crude oil was up over $1 in Wednesday trading as the government reported a larger than expected drop in supply, pushing gas prices higher.
The February benchmark for crude jumped $1.05 to $92 a barrel, while the national average gas price rose to $3.09. And analysts say it’s just a sign of things to come, with oil expected to push to $100 a barrel in coming weeks.
In Escambia County, the average price for a gallon of regular unleaded was at $3.06, up 12 cents from a month ago. In Molino, that gallon was gas was at $3.09 midday Wednesday.
Pictured above: Regular unleaded was $3.09 a gallon midday Wednesday in Molino. NorthEscambia.com photo, click to enlarge.
Comments
5 Responses to “Oil Prices Jump, Gas Prices Follow”
Not to mention the billions of dollars daily of our nations wealth going to these OPEC nations. Its money that could be going into our own economy creating jobs and more, allowing us to kick our addiction of their oil. The daily transfer of wealth from our country also goes to these nations that anyone could see are enemies of the U.S., and helping to fund terrorists groups they deny the exisistence of!
REGARDING:
“Two more years of this non-sense and hopefully we can get a President in office that might do something more than take a trip some where.”
I guess we COULD invade some other country and steal their resources to lower our gas prices, but do you really want to do that?
David for not volunteering to steal
and for domestic natural gas powered vehicles
only working 4 days a week already and driving 35 miles one way to do this but there are no jobs closer to home. so i’ll just have to pay the price i guess
Get ready for it..Gas will be back at $4.00 per gallon before summer is out. Need to presure senators/congress to get the ban on off-shore drilling repilled and the workers in the southern states that work on the rigs back to work. Or do we allow for Mexico and Cuba to drill in the Gulf miles from out coast line.
The last time I checked, the Gulf Stream flowed up from Mexico around Lousiana, Mississippi, Alabama and Florida. So if Mexico or Cuba has an accident, the beaches will stil be in trouble. So what do you want…the impression that beaches are safe (which they are not in any case) or jobs, dollars in the economy and cheaper fuel prices.
Two more years of this non-sense and hopefully we can get a President in office that might do something more than take a trip some where.
this is crazy