Saturday, March 03, 2007

Pain at the Pump

fox6.com
Pain at the Pump

In just one week, gas prices jumped 12 cents in San Diego, bringing the average price of regular unleaded to $2.83. Several gas stations around town had soared above the 3 dollar mark.

Oil companies blame the rise on a dip in supply, but consumer watchdog group UCAN says we're being ripped off. They point to the fact that the price of oil has dropped since this time last year, but gas prices are up more than 30 cents since March 1, 2006.

"What is especially disturbing to us is that this is the highest price we've ever seen in the history of gasoline this early in the year," said UCAN's gas analyst Charles Langley. Langley says we could hit well above $3.50 by the time we reach the summer travel season.