This week in gas prices started with another record-breaking national average, according to AAA’s fuel gauge report.
The national average for a gallon of regular unleaded gasoline rose to $4.08 on Monday, June 16, ending the week at an average of $4.07. Not much of a difference over last week’s $4.06 a gallon.
California ended the week with [...]
Just when you thought an $11 hike in one day couldn’t be sustained, the oil market proved you wrong.
Oil prices jumped to a record $139 a barrel on Friday, June 6, but dropped about $4 on Monday, June 9. Unfortunately, prices hiked up another $6 Wednesday morning, June 11, before settling down to a less-than-meager [...]
It wasn’t just about drivers this week.
Massive increases in fuel costs meant about 4,000 jobs were slashed in the airline industry this week when Continental Airlines and United Airlines announced cutbacks.
Continental said 67 planes would be grounded; United Airlines planned to ground 70 planes and shut-down its budget airline, Ted.
Rising fuel costs have meant additional [...]
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