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AAA Mid-Atlantic is reporting that the price of a gallon of regular gasoline in Maryland has risen 55.1 percent between Jan. 1 and June 1.
The Maryland average ticked up another cent Tuesday to $2.46. The good news, if you can call it that, is that Maryland prices have not passed the $2.50 mark, as they have in Pennsylvania and the District of Columbia.
As of Monday, the national average stood at $2.51.
Michael Dresser has been an editor, reporter and columnist with The Sun longer than Baltimore's had a subway. He's covered retailing, telecommunications, state politics and wine. Since 2004, he's been The Sun's transportation writer. He lives in Ellicott City with his wife and travel companion, Cindy.
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Comments
we have to stop kidding ourselves gas prices will rise back to above $4.00 a gallon
Posted by: Anonymous | June 2, 2009 4:26 PM
If the gas prices keep climbing we will be right back where we started from last year in this recesssion. We need gas to get to work. Now where do i make cuts on my bills so i can pay for the high gas price. now i cant pay my mortgage or my other bills, house goes into forecloser, electric gets turn off there is no reason for gas to be any higher the 2.45 a gallon im tried of the oil company getting rich off of me who have to work 50-60 hrs a week just to prove for my family while they sit on their fat ass and keep getting rich
Posted by: Anonymous | June 2, 2009 4:51 PM
it is based on derivatives trading...
why did BGE spike? bad derivatives trading. why did Oil spike? 40 contracts per barrel of oil being traded.
the oil companies buy oil on the market and hedge their bets based on which way the market is headed.
It is all market manipulation, absolutely nothing to do with supply and demand.
Posted by: Shamrock14 | June 2, 2009 8:29 PM
i bet by the time my daughter can drive it will be $20 a gallon at the rate its going.
Posted by: Crystal | June 2, 2009 8:40 PM