Gas prices hit another national record, $3.47 a gallon, last week, according to the Lundburg survey. And gas refiners and retailers haven’t yet passed on the whole cost from rising crude prices and new regulations, says Trilby Lundberg, which could add 10 cents to 30 cents a gallon in the next few weeks. Gas prices have jumped 53 cents so far this year. (Reuters) Crude oil also briefly hit a new high, $117.40 a barrel, in New York early today, after a Japanese tanker was attacked in the Persian Gulf. (AP in Yahoo! Finance)
The Bottom Line
April 21, 2008
Try 4 Risk-Free Issues of The Week magazine.
of The Week magazine.