Gas Prices Hit All Time High
High gas prices are good. High gas prices are very good. Have you bought your scooter yet? No? You definately should. Or you can wait it out, some experts say that the gas prices might break a little come September. But for right now it makes me smile when I pass by overly large inefficient vehicles on my vespa ET4.
NEW YORK (CNN) - Gas prices surged 20 cents over the past three weeks to an all-time high of $2.50 per gallon of self-serve regular, a national survey said Sunday. The price surge "does smash the all-time record high for the third time this year," Trilby Lundberg, publisher of the Lundberg Survey, said.
"Crude oil has caused this jump at the pump," she said of the survey, taken Aug. 12 at about 7,000 gas stations in every state. "And even at the current record-breaking pump prices, gasoline demand, while not galloping, is still growing."
However, should the crude oil supply remain undisrupted, then, "The gasoline price surge itself will probably be ending soon, if it has not already," Lundberg said, citing an expected decrease in gasoline demand after August.
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