Monday, April 11, 2011

Drivers cut back as gas inches toward $5 a gallon

Drivers cut back as gas inches toward $5 a gallon

WGN-TV via Chicago Tribune ^ | April 11, 2011 | Pat Curry

Posted on Monday, April 11, 2011 10:46:04 AM by John W

The national average price for gasoline is still under $4 a gallon, but many Chicago stations are not far from the $5 mark.
Nationally, prices have shot up 19 cents in the last three weeks to an average of $3.76 for a gallon of regular, according to the latest Lundberg Survey.
But in the Chicago area, prices are generally $3.84 and above, according to a Web site that tracks the highest and lowest prices available.

The Chicago gas station that first broke the $4 mark continues to lead area stations. The BP station in Chicago's Uptown neighborhood is charging $4.59 for a gallon of regular.
There are signs that Americans are cutting back on driving because of climbing prices, reversing a steady increase in demand for fuel as the economy improves.
Gas sales have fallen for five straight weeks, the first time that has happened since November, according to MasterCard SpendingPulse, which tracks spending at 140,000 service stations nationwide.

(Excerpt) Read more at chicagotribune.com ...

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