Average U.S. Gas Prices Hit Record $3.50 a Gallon
Cars

Average U.S. Gas Prices Hit Record $3.50 a Gallon


Blame it partially to the rising crude oil prices (over $118 a barrel on April 22, 2008), but the AAA and Oil Price Information Service reported today that averages gasoline prices at filling stations across the U.S. hit a record $3.50 a gallon on Monday, April 21, 2008.

For our European readers, that translates to $0.93 cents a liter or with the current exchange rates between the Euro and the U.S. dollar, €0.59 cents per liter of petrol - yes, we’re fully aware of the higher prices that Europeans pay for gas. Nationally, retail gasoline prices in the U.S. are up 23% from a year ago.





- Rising Gas Prices Might Affect Large Suv Sales And Trade-in Values
As crude oil reached $91 a barrel on the New York Mercantile Exchange last week, U.S. gasoline prices started going up reaching an average value of $3.05 per gallon. That’s about half a dollar more than what Americans had to pay a year ago and...

- Oil Could Sink Below $25 By Early 2009 Sending U.s. Gas Prices Below $1!
Isn't amazing how things can change in a few months? You all remember what happened in July this summer when crude oil prices reached a record-breaking $147 a barrel pushing average prices at the U.S. pumps over $4.10 a gallon. Well, now Merrill Lynch...

- Average U.s. Gas Prices Drop Below 3$ A Gallon
Fortunately for us, as crude oil prices tumble down so do gas prices - or at least in the States. According to the American Automobile Association (AAA), for the first time since February 2008, the average price of regular unleaded gasoline fell under...

- Malaysian Government Raises Gas Prices By 40% And Diesel By 67% Overnight!
If you thought that a couple of cents raise in fuel prices is pretty annoying we wonder what you’d say if you woke up one morning and saw that prices at your pump increased by 40% overnight! Well, that’s exactly what happened in Malaysia...

- Oil Prices Hit Yet Another Record High At $109 A Barrel!
Not that we’re surprised any more since oil prices have been breaking records for months now, but light sweet crude oil for April delivery surged to a new high of $109.72 on the New York Mercantile Exchange today (March 11, 2008). Then again, with...



Cars








.