Gas prices have hit another record of $2.60 average nationwide according to the Fuel Gauge Report. Last year at this time the national average price for gas was $1.87 per gallon -- so that's a 39% increase in gas prices since this time last year. GasPriceWatch.com lists Long Beach, CA with the highest prices at $3.49. Nowhere in the U.S. is gas under $2.00 a gallon. The lowest, according to GasPriceWatch.com, is $2.09 in Monroe City, MO. The USA Today has an interesting collection of what editorials in major newspapers are saying about the high gas prices. Our favorite is this one from the The Daily News in Greenville, Michigan.
The Daily News, Greenville, Mich., in an editorial: "What always has amazed us is how price fluctuations can affect gas already received and in underground tanks. ... Whenever an appliance store receives a new shipment of refrigerators, it doesn't ... increase the prices on all the refrigerators already out on the floor. The same goes for books and many other retail items. It is only once the old are sold that the new, higher price kicks in. Why then is gas so special? That's the $2.499 question."
