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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
tomok
Champion Author Portland

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Points:3,120,310
Joined:Aug 2006
Message Posted: Feb 21, 2013 10:49:21 PM

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!
blupupher
Champion Author Houston

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Message Posted: Feb 15, 2013 5:17:12 AM

yup
remay
Champion Author Houston

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Message Posted: Feb 15, 2013 3:54:02 AM

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

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Message Posted: Feb 14, 2013 10:25:48 PM

Ok
Zing20
Champion Author Fresno

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Message Posted: Feb 14, 2013 10:17:12 PM

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

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Message Posted: Feb 14, 2013 10:04:35 PM

Interesting article, thanks for posing!
ican2step
Champion Author Pittsburgh

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Message Posted: Feb 14, 2013 9:53:27 PM

Okay
vibdata
Champion Author Massachusetts

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Message Posted: Feb 14, 2013 9:37:13 PM

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

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Message Posted: Feb 14, 2013 9:26:05 PM

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

Right.
wshokie12
Champion Author Winston-Salem

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Message Posted: Feb 14, 2013 9:21:48 PM

No doubt.
crreed1
Champion Author West Virginia

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Message Posted: Feb 14, 2013 9:20:51 PM

crooks
boatfloyd
Champion Author Jacksonville

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Message Posted: Feb 14, 2013 9:20:09 PM

Inflation at Work
regout
Champion Author Quebec

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Message Posted: Feb 14, 2013 9:17:54 PM

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

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Message Posted: Feb 14, 2013 9:15:32 PM

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

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Message Posted: Feb 14, 2013 9:15:09 PM

crooks
litoand
Rookie Author San Diego

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Joined:Feb 2013
Message Posted: Feb 14, 2013 9:15:07 PM

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

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Message Posted: Feb 14, 2013 9:14:33 PM

imagine that
rahcat
Champion Author Grand Rapids

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Message Posted: Feb 14, 2013 9:13:47 PM

Go figure.
Nshmidt
Sophomore Author New York

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Message Posted: Feb 14, 2013 9:13:43 PM

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

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Message Posted: Feb 14, 2013 9:07:50 PM

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

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Message Posted: Feb 14, 2013 9:07:36 PM

Nothing but Greed!!!
N5EXY
Champion Author Austin

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Message Posted: Feb 14, 2013 9:07:13 PM

Brilliant observation, Mr. Watson.
mcbrownie220
Sophomore Author Toledo

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Message Posted: Feb 14, 2013 9:06:14 PM

ok
judgemobile
Champion Author Ohio

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Message Posted: Feb 14, 2013 9:04:54 PM

greed lives !!!
PrinceLH
Champion Author Ontario

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Message Posted: Feb 14, 2013 9:04:27 PM

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

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Message Posted: Feb 14, 2013 9:04:08 PM

what?
Prodaddy
Champion Author Houston

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Message Posted: Feb 14, 2013 9:03:29 PM

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

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Message Posted: Feb 14, 2013 9:00:31 PM

Speculators be cursed!!
btex49
Champion Author Austin

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Message Posted: Feb 14, 2013 9:00:19 PM

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

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Message Posted: Feb 14, 2013 8:59:17 PM

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

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Message Posted: Feb 14, 2013 8:54:44 PM

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

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Points:324,655
Joined:May 2006
Message Posted: Feb 14, 2013 8:53:24 PM

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

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Points:1,166,725
Joined:Mar 2012
Message Posted: Feb 14, 2013 8:51:41 PM

This rising gas prices are drowning everyone.

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

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Message Posted: Feb 14, 2013 8:51:22 PM

Thank you, Obama!
amearly
Champion Author Michigan

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Message Posted: Feb 14, 2013 8:46:35 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.
DustyHorse
Champion Author Virginia

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Message Posted: Feb 14, 2013 8:46:01 PM

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

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Joined:Jan 2013
Message Posted: Feb 14, 2013 8:44:08 PM

here is more expensive
SavALot
Champion Author Virginia Beach

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Message Posted: Feb 14, 2013 8:43:53 PM

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

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Message Posted: Feb 14, 2013 8:43:51 PM

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

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Message Posted: Feb 14, 2013 8:43:29 PM

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

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Joined:Feb 2012
Message Posted: Feb 14, 2013 8:41:39 PM

ouch
Nshmidt
Sophomore Author New York

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Joined:Oct 2012
Message Posted: Feb 14, 2013 8:40:28 PM

up up and up
BREW9
Champion Author Tampa

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Message Posted: Feb 14, 2013 8:38:28 PM

shocked
wbpprint
Champion Author Chicago

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Joined:Jun 2007
Message Posted: Feb 14, 2013 8:36:54 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"
drz614
Champion Author Harrisburg

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Message Posted: Feb 14, 2013 8:31:25 PM

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

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Joined:Jan 2008
Message Posted: Feb 14, 2013 8:26:04 PM

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

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Joined:Jul 2004
Message Posted: Feb 14, 2013 8:25:02 PM

And it's all politics.
Lizzylou
Champion Author Stockton

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Joined:Oct 2005
Message Posted: Feb 14, 2013 8:24:06 PM

NOT SURPRISED
abacus44
Champion Author Toms River

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Joined:Jan 2011
Message Posted: Feb 14, 2013 8:19:03 PM

OK
NO_SWEAT
Champion Author Toronto

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Joined:Jul 2008
Message Posted: Feb 14, 2013 8:17:23 PM

So normal - getting ripped off everyday.
The_DR
Champion Author New Jersey

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Points:1,335,915
Joined:Aug 2011
Message Posted: Feb 14, 2013 8:17:18 PM

Really?
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