Tuesday, August 07, 2012

Gas Price Update

After a brief retrenchment, which many pundits were quick to note would help the Lightworker in his bid for re-election, gas prices are on their way back up.  And fast too, I might add.  Notice the $0.25 rise in "PADD2" which contains a bunch of swing states like Ohio, Iowa, Missouri, Michigan, Minnesota and Wisconsin (yes, these last three are swing states this year).  And crude continues to retrace it's losses from May and June, so prices could move higher still.

UPDATE:  Just saw this too - it's getting worse as we speak.

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