125gJoe said:
(its a shame the hurricanes caused such damage -- oops >> "sham" << )
While last years hurricanes are a part of the problem, there are other factors making gas prices higher. I can't wait til this years hurricane season.
From:
http://news.yahoo.com/s/ap/20060421...zZlupus0NUE;_ylu=X3oDMTA3bGI2aDNqBHNlYwM3NDk-
NEW YORK - Crude-oil prices broke through $75 a barrel to hit a new record Friday, fueled by concerns about Iran's nuclear ambitions and tight U.S. gasoline supplies.
Prices at the pump also kept rising, with the average price of a gallon of unleaded regular gasoline at $2.855, up 3 cents from a day earlier and more than 60 cents higher than a year ago, according to AAA's daily fuel gauge report.
Crude prices, which are more than 40 percent higher than a year ago, have risen 8.4 percent from Thursday's closing price — the biggest weeklong jump since the week ended June 17, 2005, when crude futures rose 9 percent.
Analysts say oil prices are likely to climb even higher in the weeks ahead as worries grow about how international pressure on Iran, OPEC's No. 2 oil producer, will affect its crude output. Rebel disruptions of oil production in Nigeria, the fifth-biggest source of U.S. oil imports, also pose a risk to supply.