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GasBuddy News Article

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Gas prices spike 8% in February

CNN Money -- February has been one heck of a month for American motorists, who have been hit with an 8% spike in the price of gas. And things are expected to get worse during the summer driving season, when gas prices could break their current record.

On Wednesday, the price of unleaded gasoline rose for the 22nd day in a row to a nationwide average of $3.73 per gallon, according to the motorist group AAA.

Gas prices are up about 14% so far in 2012. The average price is down 38 cents, or about 9.3%, from the record high of $4.11 reported on July 17, 2008.

In places like Alaska, California and Hawaii, the price of gas has surpassed $4 a gallon.

The rise in gas prices is being fueled by the climbing price of oil and Iran's ongoing threat to shut down the strait of Hormuz. Signs of an improving…


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Submitted Feb 29, 2012 By: GocartMozart
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REPLIES (newest first) Post a Reply
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bigmoo63
Champion Author Kalamazoo

Posts:1,286
Points:84,850
Joined:Nov 2009
Message Posted: Feb 29, 2012 6:45:44 AM

And thats just the start. Wait until all other items go up. Goodbye, alleged recovery.
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JohnofGB
Champion Author Flint

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Points:1,696,820
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Message Posted: Feb 29, 2012 6:20:28 AM

It was more than 8% around here.
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amoshins
Champion Author Trenton

Posts:3,919
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Joined:Apr 2011
Message Posted: Feb 29, 2012 6:14:42 AM

All other goods will rise at least the same amount
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Evilmaddog
Champion Author British Columbia

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Message Posted: Feb 29, 2012 5:47:54 AM

soon food prices to catch up
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daequitz
Champion Author New Jersey

Posts:8,876
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Joined:Jan 2007
Message Posted: Feb 29, 2012 5:45:26 AM

Soooooo tired of this.
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dave27johnson
Champion Author Chicago

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Message Posted: Feb 29, 2012 5:34:45 AM

No end in sight until the price bubble busts.
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gs7101
Champion Author San Antonio

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Points:545,845
Joined:Jun 2009
Message Posted: Feb 29, 2012 5:32:41 AM

And price of gas continues to rise!
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DerHahn
Champion Author Illinois

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Points:2,703,605
Joined:May 2004
Message Posted: Feb 29, 2012 5:14:59 AM

we've had a 17% increase in the last 2 weeks. one of the stations just hit $4 yesterday and it's not even spring yet. yet this is an area of the country that's listed as getting discounts currently. where's the discount?
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cmptrmush
Champion Author Detroit

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Points:1,341,770
Joined:Feb 2011
Message Posted: Feb 29, 2012 5:11:18 AM

While I was at the gas station filling my car up this morning, the price bumped up $0.10 for regular unleaded. I was the last car at the old price today.
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335d1
Champion Author Virginia

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Message Posted: Feb 29, 2012 5:02:46 AM

Can't wait 'til May and we start the Summer gas price rise.
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dal1
Champion Author Illinois

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Points:159,855
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Message Posted: Feb 29, 2012 4:50:37 AM

before long I won't be able to afford to go to work!!!
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APlus
Champion Author San Antonio

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Message Posted: Feb 29, 2012 4:35:55 AM

Gas prices keep going up.
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jrs4125
Champion Author Indiana

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Joined:Sep 2011
Message Posted: Feb 29, 2012 4:30:02 AM

Here in north central Indiana the price for regular went from 3.08 to 3.85 in the same time period.
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wildddkattt80
Champion Author Phoenix

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Message Posted: Feb 29, 2012 4:21:27 AM

It is ridiculously high!
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BBopp
Champion Author Dayton

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Message Posted: Feb 29, 2012 4:02:28 AM

Only 8%? It seemed like a lot more than that.
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WalRus49
Champion Author Boston

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Message Posted: Feb 29, 2012 4:00:54 AM

More organized mayhem and pillage............
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mike1881
Champion Author Fayetteville

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Points:1,163,585
Joined:Feb 2011
Message Posted: Feb 29, 2012 4:00:53 AM

Well, I guess it is better than 10%.
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