by Calculated Risk on 3/21/2011 11:14:00 PM
Monday, March 21, 2011
Here comes $4 Gasoline
From Eric Wolff at the North County Times: Analysts see gas headed back to $4 a gallon
The average gas price may reach $4 a gallon by Thursday in San Diego County, and Riverside-San Bernardino counties won't be far behind, gasoline analysts said.California has higher gasoline prices than most of the U.S. - and San Diego is usually near the top in California - but prices are moving higher for everyone (although still below $4 per gallon for most).
The average price Monday for a gallon of regular unleaded was $3.955 in Riverside and San Bernardino counties and $3.977 in San Diego County, according to AAA. Both prices exceeded the price of gas at this point in 2008, when gas prices peaked in June at $4.63.
Last week, Jim Hamilton had a post on consumer sentiment and gasoline prices, including a graph on prices across the country. Note: The final March Reuter's/University of Michigan's Consumer sentiment index will be released on Friday.
Earlier:
• February Existing Home Sales: 4.88 million SAAR, 8.6 months of supply
• Existing Home Inventory decreases 1.2% Year over Year
• Existing Home Sales and Inventory Graphs