Monday, February 11, 2013

CC#3

http://money.cnn.com/2013/02/06/news/economy/gas-prices/index.html
http://www.cnn.com/2013/02/10/travel/gas-prices/index.html?hpt=us_c2

U.S. gas prices jump nearly a quarter in two weeks


By Matt Smith, CNN updated 5:33 PM EST, Sun February 10, 2013

Gas prices rise nearly a quarter a gallon over the last two weeks. The normal price of a gallon of regular is $3.59 a gallon on Friday. "That's up 24.75 cents from the survey's previous canvass of roughly 2,500 filling stations in the continental United States on January 25, publisher Trilby Lundberg told CNN." Gas prices were falling, it started to rise in the last part of December. Gas prices from the international markets have gone up in the past few weeks.

The highest gas prices were located in Los Angeles, at the price of $4.10 a gallon. The lowest gas prices were located in Billings, Montana, at the price of $3.05 a gallon. In  Albuquerque, New Mexico, prices for gas are $3.14 a gallon. In Boston, gas prices are $3.72 a gallon. In Charleston, South Carolina, gas prices are $3.41 a gallon. In Chicago, gas prices are $3.93 a gallon. In Denver, gas prices are $3.24 a gallon. In Houston, gas prices are $3.41 a gallon. In Long Island, New York, gas prices are $3.93 a gallon. In Miami, gas prices are $3.65 a gallon. In Memphis, Tennessee, gas prices are $3.33 a gallon. And in Portland, Oregon, gas prices are $3.51 a gallon.

Gas prices are getting really high if they keep going up they will soon be so high that no one can drive, because no one will be able to afford it. The normal price for gas now is $3.53 a gallon. The prices are 17 cents higher than last week, and 23 cents higher than last month. In Los Angeles, prices have gone up so much that people are paying $5 dollars a gallon. Some people are wanting answers for why the gas is getting so high.

People are saying that the reason why gas prices are going up is because oil prices are rising and because refineries are closing down. Oil prices are said to be rising because the economy is improving. OPEC production cuts are also a reason why oil prices are rising. Because of oil prices and gas prices going up in this country, peak gasoline prices are going to be between $3.50 a gallon and $3.90 a gallon this year.

 Last years gas prices were $3.94 a gallon, in the begining of April. People are expecting the average prices for this year to be lower. "Kloza is predicting an average of $3.25 to $3.50 a gallon." Last years prices were $3.60 a gallon. That resulted in U.S. motorists to spend up to $479 billion at the gas pump. You will sometimes see people riding to and from somewere on a bike, that is because they cannot afford to pay gas prices, soon we will all have to ride on bikes or not go anywhere at all if the gas prices continue to rise like they are.

No comments:

Post a Comment