Bad Scene at the Pump

Gas has pushed over $2 a gallon in Chicago

Monday, Jan 12, 2009  |  Updated 8:00 AM CDT
View Comments (
)
|
Email
|
Print
Here they come again ... those high gas prices that keep us all shaking our heads at the pump.

Here they come again ... those high gas prices that keep us all shaking our heads at the pump.

advertisement

The news isn't good at the gas pump.

According to the Lundberg Survey, the average price of gasoline nationwide has risen nearly 12 cents in the past three weeks. It marks the first price hike after six months of steady decreases.

The national average price of regular Friday was $1.78 a gallon.

In Chicago, the Monday morning prices ranged from $1.86 to $2.29. Find the cheapest gas near you here.

Crain's reports that, obviously, higher gas prices have a trickle-down effect on the local economy.

"Falling home values and job losses already have consumers curtailing spending. Higher pump prices leave them even less to spend. Rising gas costs also squeeze profits at local businesses beset by slumping sales," the magazine reported Monday.

 

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
Get Our Weather App
Stay ahead of the storm with the NBC... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out