- March 5th, 2011
- Aurielle Destiche
Gas Prices Reach Highest Levels Since 2008 Peak
This week, oil prices hit a 2-year high at $103, reaching the highest level since September 2008. Gas prices have skyrocketed by an average of 35 cents per gallon since an uprising in Libya started a few weeks ago. A gallon of regular unleaded gained another 4.4 cents overnight to a new national average of $3.471 per gallon, according to auto club AAA, Wright Express and the Oil Price Information Service. Here in California, gas prices are well over the $3.75 mark.
Many experts predict the cost of fuel will continue to rise throughout the end of summer in 2011. The myriad reasons oil prices are trending up include: