Advertisement:
Post a story

News ›

Gas prices rising at record pace

Tyren Reese, 19, of Chicago, pumps gas Monday at a BP station at LaSalle Street and North Avenue. Gas prices in Chicago have dropped below the national average — a rarity, analysts say — but fears of potential oil blockades and shipment cutoffs could lead to record highs, some fear. (Chris Walker, Chicago Tribune / February 20, 2012)

Tyren Reese, 19, of Chicago, pumps gas Monday at a BP station at LaSalle Street and North Avenue. Gas prices in Chicago have dropped below the national average — a rarity, analysts say — but fears of potential oil blockades and shipment cutoffs could lead to record highs, some fear. (Chris Walker, Chicago Tribune / February 20, 2012)

The unseasonably warm weather isn’t the only sign of an early spring. Roiled by the specter of Iranian oil cutoffs, gas prices are rising at a record pace, crossing the $4-a-gallon threshold in some parts of the country, and threatening to break an all-time high, experts say.

Fears of $5 per gallon gasoline are in the back of some motorists’ minds, jeopardizing the nascent economic recovery and fueling campaign rhetoric during a presidential election year.

Read the full story: chicagotribune.com.

Share this story

Recommended stories