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GasBuddy News Article

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More Expensive Gas Pushes Up US Wholesale Prices

Elite Daily -- Higher gas costs drove U.S. wholesale prices up last month. But excluding the big jump in gas, inflation was mostly tame. The Labor Department said Thursday that the producer price index rose 0.4 percent in February. Food prices declined to offset some of the increase in energy costs.

Oil and gas prices have surged since the beginning of the year. The average retail price for a gallon of gas was $3.81 on Wednesday, according to AAA. That’s 50 cents higher than a month ago.

The Fed highlighted the increase in gas prices on Tuesday after its one-day policy meeting. Policymakers said they expect rising energy prices to temporarily raise inflation.

The Fed also repeated its plan to keep its benchmark interest rate near zero until at least 2014, a sign that it is not concerned about out-of-c


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Submitted Feb 14, 2013 By: bar1035
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REPLIES (newest first) Post a Reply
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tomok
Champion Author Portland

Posts:42,706
Points:2,856,760
Joined:Aug 2006
Message Posted: Feb 22, 2013 1:49:21 AM

More Expensive Gas Pushes Up US Wholesale Prices and many other things are more expensive because of it. Expensive Gas? - the current economy has a much harder time recovering, food costs are up, good and services cost more, along with many other things and items costing more.
We are stuck four more years with this mess before any kind of recovery will begin to happen and some kind of sanity can return to the federal government.
Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
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blupupher
Champion Author Houston

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Message Posted: Feb 15, 2013 8:17:12 AM

yup
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remay
Champion Author Houston

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Message Posted: Feb 15, 2013 6:54:02 AM

Again and again and again...
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bby
Champion Author Twin Cities

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Message Posted: Feb 15, 2013 1:25:48 AM

Ok
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Zing20
Champion Author Fresno

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Message Posted: Feb 15, 2013 1:17:12 AM

Prices are going up & up.
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Ray_10589
Champion Author New York

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Message Posted: Feb 15, 2013 1:04:35 AM

Interesting article, thanks for posing!
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ican2step
Champion Author Pittsburgh

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Message Posted: Feb 15, 2013 12:53:27 AM

Okay
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vibdata
Champion Author Massachusetts

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Message Posted: Feb 15, 2013 12:37:13 AM

Hey. I bet it is pushing up the RETAIL prices as well. How come it costs $4.00 for a gallon of milk??? Soon....
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CVA19
Champion Author Salem

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Message Posted: Feb 15, 2013 12:26:05 AM

All part of Obama's plan to help the middle class.

Right.
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wshokie12
Champion Author Winston-Salem

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Message Posted: Feb 15, 2013 12:21:48 AM

No doubt.
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crreed1
Champion Author West Virginia

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Message Posted: Feb 15, 2013 12:20:51 AM

crooks
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boatfloyd
Champion Author Jacksonville

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Message Posted: Feb 15, 2013 12:20:09 AM

Inflation at Work
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regout
Champion Author Quebec

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Message Posted: Feb 15, 2013 12:17:54 AM

No surprise about this more the oil is high more all products will cost more.
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Buddy2264
Champion Author Tampa

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Message Posted: Feb 15, 2013 12:15:32 AM

I hope we are not surprised as this will continue to happen as things improve.
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jetskijerry
Champion Author North Carolina

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Message Posted: Feb 15, 2013 12:15:09 AM

crooks
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litoand
Rookie Author San Diego

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Message Posted: Feb 15, 2013 12:15:07 AM

Up & down .......
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jetskijerry
Champion Author North Carolina

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Message Posted: Feb 15, 2013 12:14:33 AM

imagine that
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rahcat
Champion Author Grand Rapids

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Message Posted: Feb 15, 2013 12:13:47 AM

Go figure.
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Nshmidt
Sophomore Author New York

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Message Posted: Feb 15, 2013 12:13:43 AM

I see money money money...
leaving my pocket.
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CivicMA
Champion Author Boston

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Message Posted: Feb 15, 2013 12:07:50 AM

Yes, as cost of fuel and thus transportation and mfg goes up, so does everything else.
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Glock26
Champion Author Dayton

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Message Posted: Feb 15, 2013 12:07:36 AM

Nothing but Greed!!!
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N5EXY
Champion Author Austin

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Message Posted: Feb 15, 2013 12:07:13 AM

Brilliant observation, Mr. Watson.
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mcbrownie220
Sophomore Author Toledo

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Message Posted: Feb 15, 2013 12:06:14 AM

ok
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judgemobile
Champion Author Ohio

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Message Posted: Feb 15, 2013 12:04:54 AM

greed lives !!!
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PrinceLH
Champion Author Ontario

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Message Posted: Feb 15, 2013 12:04:27 AM

Well? You voted for that bum and this is your prize.
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JasTheAce
Champion Author Raleigh

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Message Posted: Feb 15, 2013 12:04:08 AM

what?
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Prodaddy
Champion Author Houston

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Message Posted: Feb 15, 2013 12:03:29 AM

Gas prices are out of site, time o start riding the bus again
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skybiker
Champion Author South Carolina

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Message Posted: Feb 15, 2013 12:00:31 AM

Speculators be cursed!!
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btex49
Champion Author Austin

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Message Posted: Feb 15, 2013 12:00:19 AM

Soon folks will be parking their cars, not filling prescriptions, or not eating right just to survive the Obama presidency.
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cnw 1690
Champion Author South Dakota

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Message Posted: Feb 14, 2013 11:59:17 PM

Anyone want to place bets on gas at $4.50+ by Memorial day?
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mfeldstein
Champion Author Ottawa

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Message Posted: Feb 14, 2013 11:54:44 PM

So much for the predictions that gas prices were going down, eh?
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bbigred
Veteran Author Lansing

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Points:315,075
Joined:May 2006
Message Posted: Feb 14, 2013 11:53:24 PM

Oil speculators need to be eliminated from this oil pricing system...way too much power
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JCClark2012
Champion Author New Hampshire

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Joined:Mar 2012
Message Posted: Feb 14, 2013 11:51:41 PM

This rising gas prices are drowning everyone.

[Edited by: JCClark2012 at 2/14/2013 11:52:31 PM EST]
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Wild_cat
Sophomore Author Illinois

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Message Posted: Feb 14, 2013 11:51:22 PM

Thank you, Obama!
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amearly
Champion Author Michigan

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Message Posted: Feb 14, 2013 11:46:35 PM

I see there pusing for 4.00 dollars as the price on the market jump 9 cent today which means a 20 + jump at the pumps this will really help the consumer.
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DustyHorse
Champion Author Virginia

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Message Posted: Feb 14, 2013 11:46:01 PM

It is putting a drag on our economy that will eventually show up in the economic numbers.
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grt197
Champion Author Illinois

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Message Posted: Feb 14, 2013 11:44:08 PM

here is more expensive
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SavALot
Champion Author Virginia Beach

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Message Posted: Feb 14, 2013 11:43:53 PM

rising gas prices aren't helping anyone
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bvrbill
Champion Author Eugene

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Message Posted: Feb 14, 2013 11:43:51 PM

No long term economic recovery as long as fuel prices keep increasing.
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jorod55
Champion Author California

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Message Posted: Feb 14, 2013 11:43:29 PM

And now the excuse of the day...
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heydano67
Champion Author California

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Message Posted: Feb 14, 2013 11:41:39 PM

ouch
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Nshmidt
Sophomore Author New York

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Joined:Oct 2012
Message Posted: Feb 14, 2013 11:40:28 PM

up up and up
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BREW9
Champion Author Tampa

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Message Posted: Feb 14, 2013 11:38:28 PM

shocked
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wbpprint
Champion Author Chicago

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Message Posted: Feb 14, 2013 11:36:54 PM

Unlike King Midas who everything he touched turned to gold, everything Obama touches turns into, well it is not hit. He is ruining the economy and our way of like at every turn. I guess that is what he meant by "change"
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drz614
Champion Author Harrisburg

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Message Posted: Feb 14, 2013 11:31:25 PM

lol, inflation was tame... anyone been to the grocery store or gas station lately?
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mstearno
Champion Author Dayton

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Message Posted: Feb 14, 2013 11:26:04 PM

it's all bad politics
let the free market be free
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Dragnet
Champion Author Arizona

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Message Posted: Feb 14, 2013 11:25:02 PM

And it's all politics.
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Lizzylou
Champion Author Stockton

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Message Posted: Feb 14, 2013 11:24:06 PM

NOT SURPRISED
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abacus44
Champion Author Toms River

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Message Posted: Feb 14, 2013 11:19:03 PM

OK
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NO_SWEAT
Champion Author Toronto

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Message Posted: Feb 14, 2013 11:17:23 PM

So normal - getting ripped off everyday.
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