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Who is to Blame for the Recent Explosion in US Gasoline Prices?

By Editorial Dept | Sun, 24 February 2013 00:00 | 0

Given a two-day plunge in crude futures, gasoline prices may have hit a temporary peak.

Nonetheless, consumers feel the pinch as pump prices have risen 34 straight days. For only the fifth time in history Gas prices topped $4 a gallon in the District of Columbia.

Nationwide, the price of a gallon of regular gasoline climbed to $3.78 a gallon, up 47 cents in the past month, the AAA said.

In parts of California, Gasoline Prices Topped $5.00 on February 5.

The tug of war between economics and environmentalism is escalating thanks to 34 straight days of rising gasoline prices.

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