From Well to Tank, Market Heating Up Summer Gas Prices
Evansville Courier & Press (2007-Current) › June 28, 2011
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Summary
As Americans prepare for Memorial Day weekend and the busy driving season it ushers in, gas prices - already exceeding $4 a gallon in some places - threaten to thwart vacation plans and slow the economic recovery.
Gas prices typically climb by about 5 percent in summer, and they've already risen steeply this year. From Jan. 3 through April 11, the tab for a gallon of regular unleaded gas rose from $3.03 to $3.74 - a 24 percent jump. During the same period last year, it went up about 8 percent.See the full content of this document
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From Well to Tank, Market Heating Up Summer Gas Prices
High crude-oil costs are being driven in large measure by Mideast turmoil and unprecedented worldwide demand, led by countries such as China and India. But other factors - including market speculation, refining margins and rising corn ethanol prices - add to the pump price, some market observers say.
Tracing oil from the ground to your gas tank reveals how these costs add up.High prices correspond with record o...See the full content of this document
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