Gasoline prices keep climbing — the national average is now up to $3.81 a gallon — up 30 cents in the past month and 50 cents since the start of the year. So is President Obama to blame for the latest increases and what can he do about it?
KDKA Radio’s Mike Pintek was joined on NewsRadio1020 KDKA by Ben Brockwell, director of the Oil Price Information Service.
George Kehm form Kehm Oil talks about oil and gas price and where everything is headed. They also talk about the Marcellus Shale drilling.
For weeks, economists have been warning that prices for food and clothing could go up by as much as two to six percent this year. However, some are now predicting prices will fall.
Gas prices have jumped 33 cents in the past month, but oil prices are going down. That means relief for drivers is coming – just not immediately.