Bad Scene at the Pump

Gas has pushed over $2 a gallon in Chicago

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.


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