February 21, 2013

HOW’S THAT HOPEY-CHANGEY STUFF WORKIN’ OUT FOR YA? (CONT’D): The Hill: AAA reports largest increase in gasoline prices in three years.

The national average has increased for 33 consecutive days, rising 46 cents or nearly 14 percent during this stretch. This is the longest streak since the price increased 44 cents over 44 days March 22-May 5, 2011. This year’s run-up is not only larger and faster than recent years but is beginning earlier. The national average in 2011 increased by just seven cents during the same 33 day period and in 2012 it increased by 18 cents.

Average nationwide prices were $3.75 per gallon Tuesday, the highest on record for the calendar day.

Press criticism is muted, though, and likely to turn to discussion of how higher gas prices are actually a good thing for everyone.