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Monday, February 16, 2009

Oil Prices are Down.. But Gas is Going Up???

Just when we were getting used to cheap gas, higher prices are right around the corner.

On the front page of today’s PB Post business section you have another headline article explaining that gas stations are going out of business due to low margins and high costs. Fewer gas stations means less competition means higher gas prices.

You can read in this article that gas prices will rise to $2.50 before spring; who knows how high it will reach in the summer?

Here's the AP story that ran in this morning's Palm Beach Post:

http://hosted.ap.org/dynamic/stories/G/GAS_PRICES_UNHINGED?SITE=FLPAP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2009-02-15-21-07-33

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