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Prices on an unseasonable climb; Office Depot snaps up OfficeMax; Apple hit by hackers; Feds probe Heinz trades; Hearings likely in ‘London whale’ case

Gas: Prices on an unseasonable climb

Gas prices are soaring, said Steven Mufson in The Washington Post. Retail gasoline prices have been climbing for more than a month straight, subjecting drivers to the fastest run-up in fuel prices since 2005. Since Jan. 17, the national retail price for gasoline has risen by more than 43 cents. “This is the most expensive we’ve seen gasoline in the dead of winter,” said John Townsend, a spokesman for AAA. Analysts have been split on the reasons for the rising gas prices, which they blame on reduced oil production in Saudi Arabia, market anxiety over tension in Iran and Iraq, and a sluggish economic recovery in the U.S., Europe, and China.

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