Complain about a product or service

Caution: $4 Gasoline Ahead

Nationwide average shoots past $3.50, climbing fast towards $4

By Joe Benton
ConsumerAffairs.com

April 22, 2008
Like a Porsche passing a radar trap, the cost of a gallon of regular gasoline has blazed past the $3.50 mark, climbing to $3.511, according to AAA.

There appears to be no end in sight for the price run up.

One month ago regular gasoline averaged $3.26 a gallon and one year ago a gallon cost $2.85. The national average price for regular gasoline is up 23 percent from a year ago, according to AAA.

Diesel is selling for $4.204, an increase of $1.27 a gallon over last year.

California suffers from the highest gasoline prices in the country with a gallon averaging $3.867 in the state. Gasoline is cheapest on average in New Jersey at $3.317.

Oil industry analyst Trilby Lundberg blamed the record gasoline prices on record crude oil costs. Lundberg does not expect the prices to go down anytime soon.

Crude oil set a record for the sixth day in a row, settling at $117.48 a barrel, up 79 cents. Oil prices have more than quadrupled in the last five years.

The cheapest gas gallon of regular gasoline is found in Columbus, Ohio for $3.13. The most expensive is on sale in Paia, Hawaii for $4.18.

Meanwhile a new survey finds that consumers are alarmed by skyrocketing gas prices and increasingly concerned by automakers' delays in providing more fuel-efficient cars. Read more ...

Report Your Experience
If you've had a bad experience -- or a good one -- with a consumer product or service, we'd like to hear about it. All complaints are reviewed by class action attorneys and are considered for publication on our site. Knowledge is power! Help spread the word. File your consumer report now.

Follow us on Twitter.

Back to the top |