Gas prices' earliest-ever rise above $3.50 a bad sign for motorists
9:29 a.m. EST, February 14, 2012
Mcall.com
American motorists have seen the national average for a gallon of regular gasoline rise above $3.50 a gallon on just three occasions, but it has never happened this early in the year. Analysts say it's likely a sign that pain at the pump will rise to some of the highest levels ever seen later this year.
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"This definitely sets the stage, potentially, for much higher prices later this year," said Brian L. Milne, refined fuels editor for Telvent DTN, a commodity information services firm. "There's a chance that the U.S. average tops $4 a gallon by June, with some parts of the country approaching $5 a gallon."
Full story: http://www.mcall.com/business/mc-gas-prices-20120214,0,2776477.story?track=rss
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