patching...
Welcome back, Patch Blogger!

Rising Gas Prices

Tuesday, February 19, 2013

Gas Prices Continue to Rise; Huntley Prices Well Above National Average

CNN Money reported Monday the average price for a gallon of gasoline in America is $3.73. Gas prices in Huntley are even higher.

Most motorists have noticed that the price of gasoline has done nothing but rise over the past month. CNN Money reported Monday that the average price for a gallon of regular unleaded gasoline in America has increased more than 13 percent over the past 32 days to $3.73. As of Tuesday morning, gas prices in Huntley ranged from $3.95 at the 7-Eleven station at 12400 Princeton Drive in Huntley to $3.99 at the Mobile station at 11200 S. Vine St. in Huntley, according to GasBuddy.com CNN Money is crediting the price increase to a combination of factors including rising crude oil prices, production cuts and refinery closings.  The Chicago Tribune reported last week a number of refinery issues in the area have affected the gas prices including an…

Wednesday, March 7, 2012

Why Are Gas Prices So High?

In Illinois, more than 50 cents of the price per gallon is due to taxes.

  There is no easy answer for the reasons behind the rising cost of gasoline. Nevertheless, the rising cost of gas turned into a political battle between Republicans and Democrats at a Congressional hearing today, according to the Huffington Post. Republicans and oil industry leaders said America is not fully tapping its energy resources and were critical of the Obama administration’s rejection of the Keystone XL pipeline. Democrats blamed higher gas prices on Middle East tensions and speculation by Wall Street investors. Gas prices have jumped 48 cents since January to an average $3.76 per gallon. The truth is that crude oil prices accounted for 76 percent of the price of a gallon of gas in January, according to the U.S. Energy …

Sully

10:03 am on Friday, March 9, 2012

Even Fox agrees that the president cannot be held responsible for gas prices (oh wait- that was when Bush was in office; sorry, my mistake.).   more ›

Got a Hot Tip?