After sending consumers into sticker shock the past month, how much more can gasoline prices climb?
Another 20 to 50 cents a gallon — a level that could propel the cost of gasoline, now $3.75 a gallon, to all-time highs, some experts say.
Gasoline prices typically climb from February to Memorial Day on expectations of rising consumption and costlier summer-blend gas. But so far this year, prices are surging sooner and faster than ever before — up 45 cents since mid-January.
via www.usatoday.com
Gas prices are rising. That means it's time to be on the watch for economic ignorance. Y'know, stories about price gouging, or politicians being asked (or being self-motivated) to 'do something.' I'll try to keep an eye out for bad gas price economics, and ask you to do the same. If you see a local story, send me a link @ haab.1@osu.edu.
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