Gas Prices Rise 10 Cents a Gallon

Sunday, April 12, 2009

Gas prices have risen from national average of $1.95 to $2.05 for Regular. 10 cent increase happened in the last 3 weeks. The rise was due to the environmental costs linked to warmer weathers. Although there is a rise, the price is still 40 cents lower than last year at this time.


BOTTOM LINE:

Although we see a little increase in gas prices, it is still very cheap. Prices are due to low demand and deflation due to our current economic conditions. As the economy increases, we will see a higher demand for gas and of course higher prices will follow.

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