Friday, January 8, 2010

AP: Pump prices on pace to top 2009 high by weekend

According the Associated Press report today our prices at the pump are going to pass those of 2009 by this weekend.

The cost of filling up the car is rising in the wake of soaring crude and by this weekend, pump prices will race past the highs for all of 2009.



Tracing the ascension of crude, up 14 percent since mid-December, energy prices across the board are catching up. On Tuesday, benchmark crude prices closed higher than they had on any day last year.

It's part economic and part meteorologic.


Vicious pockets of cold stretched from the Northeast to the South, where farmers in the Florida panhandle tried to save tomato and strawberry crops. Four deaths in Tennessee were blamed on low temperatures.

The complete article is posted here.

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