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Friday, March 16, 2012

Mixing gasoline and politics; A recipe for volatility in the oil pit

Mixing gasoline and politics - MarketWatch First Take - MarketWatch

SAN FRANCISCO (MarketWatch) — Nothing burns your average American consumer like rising gasoline prices. And these days they have plenty to fume about.According to the AAA Fuel Gauge,    prices have jumped a whopping 18% since December. The national average for a gallon of regular now stands at $3.83. Much of the country is paying more. The price in California is now $4.36 a gallon. New Yorkers are paying $4.08, Chicagoans $4.28.
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