Gas prices have risen to $3.53 a gallon and could peak at a record-setting price of $4.25 a gallon in April, predicts the Oil Price Information Service. "I guess we're going to have to drive less, consolidate all our errands into one trip," said W. Howard Coudle, a retired machinist in Missouri. "It's just oppressive."
So the most recent peak price of oil was $110 a barrel with a peak national average price for gasoline at the pump right at $4.00 per gallon. The price of oil recently dropped below $80/barrel and has been trading this past week in ... Read Post
Although gas prices have been easing lately, the Energy Department has predicted that U.S. motorists will be shelling out an average of 24 cents a gallon more for gasoline during the peak summer driving season, defined as April thro... Read Post
The Case-Shiller report on home prices in November is set for release at the top of the hour. Expectations are for home prices to rise 0.6% over last month and 4.3% over the prior year. In October, home prices rose 0.76% over the pr... Read Post