Gas over $3.83 As Memorial Day Approaches

Obviously, we would not want the analyst's to be wrong, so when they predicted $4.00 gas by Memorial Day, we should have known that it would come to pass. We should be so proud that our government has not taken our energy needs seriously, and as the National Defense issue that it should be.

Here is today Yahoo News story on the "new" high price:
Americans getting an early start on the Memorial Day weekend found that gasoline prices again sprinted to a new record high overnight, reaching a national average above $3.83 a gallon. Some analysts predict gas will break past $4 as early as next week.

Oil prices, meanwhile, fluctuated Thursday after setting a new record of $135.09 in overnight trading. A stronger dollar gave some investors reason to sell oil futures to lock in profits from crude's record run. But concerns about falling supplies and rising demand are expected to keep propelling prices higher in the days and weeks to come.

Oil's surge is contributing directly to the pain consumers feel every time they fill up. At the pump, the average national price of a gallon of regular gas rose 2.4 cents overnight to $3.831, according to a survey of stations by AAA and the Oil Price Information Service. Prices are 61 cents higher than a year ago.

LINK TO FULL STORY