But not now. And that has analysts worried that another fuel-price spike could be on the way.
Crude oil, the lifeblood of the global economy, costs $61.67, even as the world struggles through the worst recession since World War II. And prices are rising, climbing 26 percent in the last month. Gas prices have jumped as a result, rising 12 cents in California last week to reach an average of $2.62 for a gallon of regular.
Full Story: Supply up, demand down, but oil prices rise - San Francisco Chronicle
Crude oil, the lifeblood of the global economy, costs $61.67, even as the world struggles through the worst recession since World War II. And prices are rising, climbing 26 percent in the last month. Gas prices have jumped as a result, rising 12 cents in California last week to reach an average of $2.62 for a gallon of regular.
Full Story: Supply up, demand down, but oil prices rise - San Francisco Chronicle
Leave a comment