Gas prices going up -- for now

The Times' Ron White reports that gas prices in Southern California keep going up. But some experts believe we might have reached a peak:

Drivers took a hit at the pumps over the last week, the Energy Department said Monday, as gasoline continued its unusual September climb in most of the nation and U.S. diesel prices topped $3 a gallon for the first time in more than a year. The average price of a gallon of self-serve regular gasoline in California rose 5.7 cents to $2.961, which was 20.1 cents above the year-earlier price, according to the Energy Department's weekly survey of filling stations. Nationally, gasoline rose 2.5 cents to $2.812 a gallon. That was 43.4 cents above the price in the same period a year earlier. The average price for a gallon of diesel fuel rose 6.8 cents to $3.032, the Energy Department said. That was 43.7 cents above the year-earlier price and the highest since diesel hit $3.033 in August 2006. California diesel rose 7 cents to $3.093, the highest in seven weeks. The fuel price increase comes after oil surged above $80 a barrel nearly two weeks ago on supply concerns. In addition, inventories of refined products, including gasoline and diesel, have been unusually low.

Comments

[frederick prohaska]

If you think gas prices are bad right now, wait until the gang running this places attacks Iran. Mr Bush, O bama and Hilary's gang has done nothing to act like the leaders of this nation when it comes to the corporate war on the American consumer. They will use this war as an excuse to jack you up 6.00 a gallon hell maybe 8.00 or even 10.00 for a brief moment. Money is no object to the rich and greedy around here. You people need to realize that they are a gang of criminals paying lip service to democracy.

[frederick prohaska]

If you think gas prices are bad right now, wait until the gang running this places attacks Iran. Mr Bush, O bama and Hilary's gang has done nothing to act like the leaders of this nation when it comes to the corporate war on the American consumer. They will use this war as an excuse to jack you up 6.00 a gallon hell maybe 8.00 or even 10.00 for a brief moment. Money is no object to the rich and greedy around here. You people need to realize that they are a gang of criminals paying lip service to democracy.