November 4, 2007

Gas prices? Here they go again ...

Chart courtesy of MilwaukeeGasPrices.com.


You know that hole in your wallet?

Well, we figured out where the money went. Gas prices snuck up again in the past week, while you were fixated on Halloween candy.

Scary, isn't it? We couldn't find anyone who tracks Racine prices, so the graph above is from Milwaukee, the state and the entire U.S. It shows quite clearly what's happened in the past nine days -- a 25-cent increase in the price per gallon of regular. Note that Wisconsin prices, on average, are higher than those in the rest of the U.S. Yea for our side!

According to the Lundberg Survey, which tracks this sort of depressing statistic, things can only get worse.

"If crude oil prices don't retreat, gas prices could easily cross back over the $3 mark on average," said publisher Trilby Lundberg.

Prices reached an all-time high of $3.18 in May.

The current average U.S. price, $2.96, is 78 cents higher than it was one year ago, Lundberg said.

The survey looks at thousands of gas stations across the country. It found the highest average price for a gallon of self-serve regular was in San Francisco, at $3.28. The lowest was in Newark, New Jersey, at $2.73.

If you're headed to Chicago, be sure to fill up here first; average price of a gallon of regular there is already $3.13.

Driving around Racine this weekend, we found prices from $2.97 - $2.99 a gallon. Those may look good in a few days ...

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