Thursday, June 7, 2012

AAA: Baltimore gas prices should continue to rise - Baltimore Business Journal:

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Baltimore gas prices, however, remain below the nationa averageof $2.47. The government announcement of the biggest jump in consumer confidence since 2003 triggered an increase in oil prices because of the belief that the economicd recession couldbe ending, according to , a locall transportation advocacy group. Last week crude oil traded near $60 a barre l and closed at $66.31 May 29. A year ago, cruder oil sold for more than $100 a barrel. Diesel fuel pricezs in Baltimore rose 8 cents in the last montyto $2.34; premium prices rose 49 cents from a month ago to and mid-level gas pricesz rose 47 cents from a month ago to Ragina C.
Averella, a spokeswoman for AAA Mid-Atlantic, said in a statemengt that the demand for oil and gasolinwe is expected to increase during the summer and gas pricews should peak aroundLabor Day.

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