Gas Prices Spike

Gas prices have been going through the roof here, although now that Democrats have power the media seem oddly unconcerned. When they get to high I wonder what the left's line of attack will be? Will they call in the "greedy" oil companies, perhaps they will be honest and admit its what they want? We shall see.

NEW YORK (AP) — Oil prices appeared headed for the strongest week so far this year on better-than-expected unemployment numbers and what some experts believe may be overly optimistic expectations about the country's appetite for energy.

Retail gasoline prices, which had lingered around $2 per for weeks, climbed for the eighth straight day.

Benchmark crude for June delivery rose $1.92 to settle at $58.63 a barrel, its top closing price this year on the New York Mercantile Exchange. In London, Brent prices rose $1.67 to settle at $58.14 a barrel on the ICE Futures exchange.

Pump prices increased 2.8 cents overnight to a new national average of $2.169 a gallon, according to auto club AAA, Wright Express and Oil Price Information Service. Gas costs 12.2 cents more per a gallon than last month, but it's $1.476 a gallon cheaper than a year ago.