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Gas prices continue to rise
With unrest and protests continuing to dominate the news from the Middle East and Northern Africa, Americans have definitely started to feel the facts back at home. The price of a barrel of crude oil increased another $2.60 on Wednesday to finish the day at $102.23. That is an increase of 2.6 percent and the ending price was the highest it’s been since September of 2008.
Experts recognize that with such uncertainty overseas prices are likely to increase more in the coming weeks. As the spring and summer months approach we start to use more and more gas. “Notably, in the past few weeks, concerns about unrest in the Middle East and the possible effects on global oil supplies have led oil and gasoline prices to rise further,” said Ben Bernanke the Chairman of the Federal Reserve, according to CNN.
In Colorado there may not be too much to complain about. Among the 50 states, Colorado comes in as the third cheapest with an average gallon of gas costing $3.22. Only Montana ($3.09) and Wyoming ($3.08) are cheaper. Compare those to the average price in California, where the cost has hit a nation wide high of $3.80 a gallon.
Around town in Boulder, a gallon of gas can be found as cheap as $3.15 and as expensive as $3.29.