may crack $4 by spring
January 4, 2012
average fuel price at $3.29 per gallon nationwide, drivers could pay
$4 per gallon for fuel when prices peak in the spring and summer
prices have fallen in recent months, the current average is 22 cents
the price a year ago of $3.07 per gallon. In the past seven years, fuel
have peaked 93 cents to $1.31 higher than where prices started that
Greg Laskoski, senior petroleum analyst for GasBuddy.com.
average prices nationwide could hit $4 or even $4.38 per gallon this
the price Jan. 1, 2011 was $3.09 per gallon. That increased $1.07 per
May 3, when prices peaked. In previous years, the price has topped out
cents (2010), 106 cents (2009), 111 cents (2008), and 123 cents (2007)
than where it started that year.
average fuel price in the Dayton-Springfield metropolitan area is $3.33
gallon, up 5 cents from a week ago and 13 cents from a month ago,
AAA’s Fuel Gauge Report.
Jan. 3, the first trading day of 2012, the price of West Texas
crude oil increased $4.13 to settle at $102.96 — the highest settlement
since May 10.
global economy is expected to demand more crude oil, which pressures
higher, as does the possibility of future disruptions to global
Avery Ash, AAA federal relations manager.
firms are especially sensitive to the spikes and the Dayton region has
booming trucking hub because of its location near the intersection of
Interstates 75 and 70. Arkansas Best Corp.
has 630 workers in Dayton, while many other
large trucking firms also
have local operations.
is such as large focus of the local region’s economy that Southwest
home to operations of more than 450 of the Fortune 500, according to
shipping firms, including United Parcel Service Inc. and FedEx Corp.,
operations locally that feel the sting of rising gas prices. FedEx is
its local distribution center in Vandalia and adding 25 workers.
company operates in a 119,000-square-foot distribution center, which
to nearly 140 employees.
and other articles at Dayton Business Journal