Sunday, October 21, 2007

Gas Prices Going Up

The Lundberg Survey reports that the national average price for a gallon of unleaded gas went up 5 cents in the last two weeks.

But that nickel increase will pale in comparison to the increase that's coming. The price of crude oil went up 18 cents in the same two-week period, but that increase hasn't been felt at the pump because it hasn't been passed along yet by refiners, marketers and retailers.

So fill up at the best price you can get right now, because it isn't going to last.

The national average was $2.80, which is 60 cents higher than it was a year ago at this time. The best price to be found was in Newark, N.J., where a gallon was selling for $2.56. San Francisco had the highest price, at $3.17.

Here in my east Dallas neighborhood, the price ranges from $2.61 to $2.65.

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