Tuesday, March 1, 2011

2011 Season Outlook

California gas prices are skyrocketing even faster than Idaho's, This photo was taken yesterday in the Bay area.


Boise--Gas prices rose 4 percent this past month to a national average of $3.29 per gallon. That’s the highest level to date for this time of year.

Prices this time of year are typically low but analysts say pump prices are up because of unrest in the Middle East and North Africa and it's pushing crude oil into the $100-a-barrel range.

In Idaho gas prices jumped a whopping 26 cents in just one month. The average gallon of regular unleaded went from $2.96 on Feb. 2 to $3.22 yesterday. To make the situation worse, demand for oil is up because manufacturing is up and that's spiking prices even more.

Idaho could see mid-$3 range prices in June and stations tracked by the AAA averaged from $3.25 to $3.43 a gallon yesterday that's 50 cents higher than the same time last year. But Gem State gas prices are still 15 cents below the national average.

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