Friday, May 22, 2009

Gas costs more, but don't expect a repeat of 2008

I wish they would stop trying to blow smoke up every body's as- they say, what do they think every one is stupid.
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By JOHN PORRETTO, AP Energy Writer

HOUSTON – As tens of millions tank up and hit the road for Memorial Day weekend, gas prices are rising fast enough to revive painful memories of the $4-a-gallon summer of 2008.

Rest easy: The economic slack created by the recession all but guarantees prices won't spike the way they did last year, analysts say.

On Thursday, a gallon of unleaded averaged $2.36. That's much cheaper than the $3.80 it cost this time last year, but prices are still up about 30 cents a gallon this month, enough to make drivers flinch.

"Uh-oh," cab driver Jay Biyani said while filling up this week in Manhattan. "That's the first thing I say when I pull into this gas station each day. Right now it's not that bad, but it's a lot worse than two weeks ago." Whole story

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