Gas Prices Continue To Soar

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American consumers who are already feeling the pinch in their paychecks are finding no relief in sight at the gas pump. In fact, gas prices are soaring again.

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Consumers are taking another huge hit in 2013. First, the two percent Social Security tax hike began the year. Now, gas prices are soaring ever closer to $4 a gallon and have jumped 51 cents a gallon since Dec. 20.

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According to the Oil Price Information Service, the national average for a gallon of unleaded was $3.21.9 on Dec. 20, 2012. Today, that price is $3.73.0. While there has been a steady increase, prices shot almost 9 cents just over the weekend.

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This President’s Day also marked a full month of rising gas prices every single business day, following a very small early year drop. Gas prices began rising Jan. 18, from $3.29.3-a-gallon, and have soared since. If this increase continues, gas prices could threaten or even top the all-time high price of $4.11, set in 2008. (Read More)

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Some states have even higher prices. In the area of New York where I live we’re paying about $3.90 per gallon, and some areas of California have topped $5 per gallon. As of last week the average price of a gallon of gas was up 96% since President Obama took office. Just think what it will be after another four years of his leadership.

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