One of the big sources of savings for consumers, lower gas prices, is rapidly coming to an end.:
Atlanta Business Journal: The national average price of gasoline increased by 12 cents a gallon to $2.67 in the past week.
Despite weak consumer demand and ample fuel supplies, crude oil on the New York Mercantile Exchange (NYMEX) posted its highest weekly closing price of 2009, $80.50 a barrel, pushing up wholesale and retail fuel prices.
With rising crude prices, the country should indeed brace itself for $3.00 a gallon prices in the future.
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