Yesterday gasoline prices dipped for the second day in a row following a twenty day streak of price increases. However, they are expected to continue to rise. Anyone else thinking a bicycle sounds like a great investment right now?
The nationwide average price for a gallon of regular unleaded gasoline slipped 0.3 cent to $3.533 on Wednesday, reported the motorist group AAA.
The nation's most expensive gas is in Hawaii, with a statewide average price of $4.029, and the cheapest is in Wyoming, with an average of $3.287, according to AAA.
The ongoing march of higher prices started in the last week of February and dragged through much of March. The climb in gas prices resulted from an oil rally fueled by political turmoil in the Middle East and North Africa.
Demand for oil has been stymied by the deadly earthquake and tsunami that has devastated parts of northern Japan, killing 3,771 people and damaging nuclear reactors.