Pella Chronicle

Community News Network

February 6, 2013

Gasoline prices surge for third straight winter

(Continued)

Why? It appears the market is now not so sure the economy is doing that well. Some analysts cite last weeks jump in first time unemployment claims, a highly volatile indicator that rarely moves markets. Others suggests the market for gasoline simply went up too fast in too short of a period of time.

The hedge funds that poured millions into the futures market in mid January, however, are looking at a handsome profit. Consumers, meanwhile, are looking at high gasoline prices, in what has become a winter tradition, along with Groundhog Day.

Story provided by ConsumerAffairs.

Text Only
Community News Network
Features
Facebook
AP Video
Death Penalty Expert: 'This is a Turning Point' House Committee at Odds Over Obama Lawsuit Raw: MH17 Victim's Bodies Arrive in Netherlands Raw: UN School Used As Shelter Hit by Tank Shell Raw: Gunmen Attack Iraqi Prison Convoy Plane Leaves Ukraine With More Crash Victims The Rock Brings Star Power to Premiere Raw: Families Travel to Taiwan Plane Crash Site Arizona Execution Takes Almost Two Hours Gen. Odierno Discusses Ukraine, NATO at Forum Gaza Fighting Rages Amid Cease-Fire Efforts Mint Gives JFK Coin a Face-lift Creative Makeovers for Ugly Cellphone Towers Ariz. Inmate Dies 2 Hours After Execution Began Crash Kills Teen Pilot Seeking World Record LeBron James Sends Apology Treat to Neighbors Raw: Funeral for Man Who Died in NYPD Custody Migrants Back in Honduras After US Deports Israeli American Reservist Torn Over Return
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Obituaries