U.S. gas prices rise. Yes, again.
Where are prices headed for the rest of 2008? It's anybody's guess, but the experts are saying $4 a gallon this spring wouldn't surprise them. Others are more conservative and say they expect prices between $3.30 and $3.70. For the summer, the spring price shock might weaken demand and therefore drive prices down. Still, the general trend is upwards. One reason - on top of the weak dollar and high price of a barrel of oil - that prices at the pump will increase is the low profit that refiners are making off of each barrel. This year it's just $6, compared to $38 last year. Guess who's going to be picking up that bill?
[Source: Steve Hargreaves / CNNMoney]
- Biggest automotive sales disappointments
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models