Lundberg Survey says that regular unleaded gasoline has hit $4 a gallon

The Lundberg Survey says that regular unleaded gasoline hit the magic $4 a gallon number on Friday, May 6th. Gas Price Watch claimed that regular unleaded had hit the number a few days earlier, though since then prices fell below $4 and now are back up to $4. My piece on the high gas prices from Fox News is available here.



Blogger Martin G. Schalz said...

The typical pattern that I have noticed, is that when gas prices rise, politicians make a nice loud, large, splashy spectacle of dragging in the oil execs and then raking them over the coals simply for the benefit of looking as if they are actually trying to accomplish something.

As you pointed out in your Fox News piece, Dr. Lott, markets drive the price, not the oil companies themselves.

5/13/2011 1:09 PM  

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