Pump prices vary widely

Posted May 19, 2008

gas prices

— Oil prices soared to yet another a new closing high Monday while prices at the pump struck records of their own, tightening the squeeze on drivers planning holiday road trips next weekend.

Americans are now paying an average of $3.79 for a gallon of regular gas, according to a survey by AAA and the Oil Price Information Service. Diesel, used to transport a wide range of goods, now costs $4.52 a gallon. Those prices are likely to keep rising, following crude's upward track.

In Raleigh Monday, the price of a gallon of regular varied by more than a dime. Near Gorman Street, drivers were paying $3.72. In North Raleigh, one station was charging $3.89.

Drivers elsewhere are paying considerably more than the average. Gas pump prices in parts of California have been stuck above $4 a gallon for weeks now, although the statewide average is down to $3.96. Prices in Alaska and Connecticut are averaging just above $4 a gallon.

A report released Sunday showed retail prices topped an average $4 a gallon for the first time in two metropolitan areas: Chicago and New York's Long Island. The Lundberg Survey of 7,000 stations nationwide found the cheapest city to be Tucson, Ariz., where a gallon of regular sold for $3.48 on average.

Pump prices may still have further to go, pressured by rising oil costs and soaring global demand.

"We're looking at $4 a gallon (nationwide) once we get past Memorial Day and into June, given the oil prices we're seeing today," said Geoff Sundstrom, fuel price analyst at AAA.


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  • Dr. Dataclerk May 20, 2008

    Its greed. Thats all it is. The gas will come back down eventually.

  • penny for your thoughts May 20, 2008

    Everybody should cut their usage/demand AND go to the cheapest station around. Then we'd see some changes. While we're at it, lets start demanding better fuel mileage or alternative fuels for our vehicles. We've sold both cars, and have ordered a Prius and drive a scooter around town. Gas prices are based on supply and demand, and we need to change the demand!

  • 71RT May 20, 2008

    Does anyone find it interesting that the recent gas price increases coincide with Hurricane Katrina in 2005? There was no mention of China, India, increased demand until after that hurricane. The prices started to rise and have yet to stop Strangely, there were countless hurricanes in the gulf for years that never had any effect on the prices of gas. Of course, when the magic moment arrived, Katrina provided the catalyst. Consider the fact that it took over 100 years for oil to reach $30 per barrel. It has managed to quadruple in price in 6 years or less. Doing the math doesn't add up. Are we saying that in 6 years that global demand has quadrupled?

  • djofraleigh May 19, 2008

    everyone should go to the cheapest station within a reasonable distance to drive the price down a bit.

  • George Costanza May 19, 2008

    If you believe that Bush and Cheney are the only pres and vp to have their hands in the oil industry you are sadly mistaken. in fact I challenge Barrack Obama and Hillary Clinton and McCain to divulge if they own any stock in oil companies and if they have recieved any campaign contributions from anyone associated with the oil companies. All oil companies are thieves and politicians aren't too far behind.

  • saltygirl2 May 19, 2008

    People, do you think the Earth is an endless supply of gas/oil? It's not! We will run out one day, this is the governments way of sucking us dry too!

  • saltygirl2 May 19, 2008

    Start drilling in Alaska already!!! Sheesh!

  • mfalesana May 19, 2008

    I love how there is no mention though of why the gas prices will rise even more... Could it be some greedy corporate people raping us for everything they can? hmmmmmmmmmm.... Ask questions people and wake up. The joke is on us.

  • motorfinga May 19, 2008

    Such a great gift from the two criminal "oil men" and thier gang members squatting in the White House.

  • OLD PIRATE 2 May 19, 2008

    Bank Credit Card Fees are eating most of the margins from both
    of the Raleigh prices mentioned. Your local retailer is getting
    the blunt of a terrible mess right now.