- Prison Planet.com - http://www.prisonplanet.com -
On This Day In History, Gas Prices Have Never Been Higher
Posted By yihan On February 1, 2013 @ 11:52 am In Featured Stories,Tile | Comments Disabled
Zero Hedge 
February 1, 2013
Between Hess’ plant closing and scheduled maintenance, the squeeze appears to be on the refining space and wholesale gasoline prices are smashing higher. Along with flares in geopolitical risk (Ankara today and Israel/Syria earlier in the week) driving underlying crude prices, Gas prices (at the pump) are surging – to record highs for the first week of February as per AAA, hitting an all time high of $3.465 for this day and just surpassing last year’s price of $3.455; and based on where wholesale prices are (given the lag), we could be seeing $4.00 gas at the pump in the next few weeks.
as Wholesale Gasoline prices rise at their fastest in almost two years…
and with Crude prices rising and wholesale gasoline being squeezed, could retail prices push back above $4.00 again?
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/on-this-day-in-history-gas-prices-have-never-been-higher.html
URLs in this post:
 Zero Hedge: http://www.zerohedge.com/news/2013-02-01/day-history-gas-prices-have-never-been-higher
 hitting an all time high of $3.465 for this day : http://fuelgaugereport.aaa.com/?redirectto=http://fuelgaugereport.opisnet.com/index.asp
 Image: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/01/20130201_Gas3.jpg
 Image: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/01/20130201_Gas2.jpg
 Image: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/01/20130201_Gas.jpg
 Gas prices hit $4 per gallon average across U.S.: http://www.prisonplanet.com/gas-prices-hit-4-per-gallon-average-across-u-s.html
 Gasoline cost to jump $700 for average household: http://www.prisonplanet.com/gasoline-cost-to-jump-700-for-average-household.html
 Gas prices expected to surge again soon: http://www.prisonplanet.com/gas-prices-expected-to-surge-again-soon.html
 Food prices to rise globally as energy prices edge higher: http://www.prisonplanet.com/food-prices-to-rise-globally-as-energy-prices-edge-higher.html
 Gas Prices Top $1-a-Gallon Higher than Year Ago; Media Don’t Blame Obama: http://www.prisonplanet.com/gas-prices-top-1-a-gallon-higher-than-year-ago-media-dont-blame-obama.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.