Pump prices jump a dime to $1.93 - Democratic Underground

Newsjock

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Sun May-09-04 10:13 PM
Original message

Pump prices jump a dime to $1.93

http://money.cnn.com/2004/05/09/pf/autos/gas_prices/index.htm

Further increases are 'likely' as self-serve regular heads for $2 a gallon: Lundberg.
May 9, 2004: 10:22 PM EDT

NEW YORK (CNN) - Gasoline prices have continued their record climb, jumping 10 cents over the last two weeks, a survey reported Sunday.

A gallon of self-serve regular costs on average $1.93, the Lundberg survey found.

... The price is up 45 cents since Dec. 19.

The 10-cent jump over two weeks is the largest since August, when a West coast pipeline was closed and several refineries were temporarily shutdown during a major blackout, publisher Trilby Lundberg said.

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whistle

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Sun May-09-04 10:23 PM
Response to Original message

1. A $0.50 a gallon tax on gas....

...would have gone a long way toward reducing the deficit. Now that same $0.50 a gallon is going right into the pockets of big oil. By July prices may be well over $2.25 a gallon. Premium gas in my area is close to that price per gallon now. Maybe the added tax should be higher, I could handle $0.75 or even $1.00 per gallon if I knew the revenues were being used to decrease the deficit.

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happynewyear

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Sun May-09-04 10:28 PM
Response to Reply #1

3. already $2.35 a gallon

where I live ... $2.25 - a forgotten price.

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The_Casual_Observer

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Sun May-09-04 10:24 PM
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2. My guess is that the WH will report inflation "flat"

for the zillionth month in a row. Is the core rate of inflation measured by the price of plastic kitchen utensils and underwear imported from the most remote labor camps in the most remote provinces of communist china?

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chiffon

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Sun May-09-04 10:36 PM
Response to Original message

4. The economy...what economy

perhaps, come election time, gas prices will suddenly decline. hmmmmmm

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