It was nice while it lasted but the days of filling up the tank for less than $2 a gallon are fading in the rearview mirror.It might be time for some neighborhood gas updates. If you want to see some previous updates check the sidebar for Chatham gas prices.
Gas prices around Chicago and across the nation have risen sharply in the last few weeks, and experts say a combination of investor speculation and fair-weather driving trends are likely to keep them from retreating anytime soon.
Retail gasoline prices in the Chicago area jumped 23 percent in the last month, to just over $2.50 a gallon, and 44 percent since the beginning of the year, when a gallon of regular cost just $1.77 at the pump, according to AAA.
The spike followed a sharp rise in crude oil prices, which briefly topped $60 a barrel on Monday, causing the national average price at the pump to rise 2.2 cents overnight, to just under $2.25 a gallon.
Wednesday, May 13, 2009
Driving up the price of gas
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