Wednesday, May 22, 2013
You can use this gas price widget to always find the lowest price of the moment. Pro tip: Gas up early this week to save money.
Click here for a full-screen view of the gas price map. If you don't see a map of our local area, click the magnifying glass in the upper right to enter your address. Gas prices were predicted to be lower this summer compared to the past three years, but that won't translate into savings at the pump this Memorial Day weekend, experts said. "Motorists this year are facing rising gas prices heading into the Memorial Day holiday," said Michael Green, a AAA spokesman, adding that Memorial Day 2013 would probably be the most expensive since 2011. In past years, prices have declined heading into early summer as oil refineries produced more gasoline to meet expected summer driving demand. This year, though, Midwest refineries haven't been able to…
Tuesday, February 19, 2013
CNN Money reports the average price for a gallon of gasoline in America is $3.73. Shorewood gasoline prices are even higher.
Most motorists have noticed that the price of gasoline has done nothing but rise over the past month. CNN Money reports the average price for a gallon of regular unleaded gasoline in America has increased more than 13 percent over the past 32 days to $3.73. On Tuesday morning, gas prices in Shorewood ranged from $3.89 at the BP station at 312 E. Jefferson St., to $3.97 at the Speedway at 900 Brook Forest Ave., according to GasBuddy.com. CNN Money is crediting the price increase to a combination of factors including rising crude oil prices, production cuts and refinery closings.
Sunday, April 1, 2012
The record lottery prize fueled insanity in even the most reasonable people.
Friday, April 29, 2011
Local economist explains indicators that gas prices may be peaking.
With prices soaring over $4.00 a gallon, drivers hope prices have reached their max. According to a local economist, there is evidence to suggest they may have. "I wouldn't want to say with a threat of losing my life that they have," said Bill Johnson, an agriculture economist at Joliet Junior College. "I'd say there is better than a 60 percent chance that they have peaked or are close to peaking." Johnson cites two examples pointing to what he believes are indicators of a peak. First, he said that the relationship between the price of gas and the price of oil are inflated. In 2008, we had similar gas prices to what we have today. However, the price of oil was $148 a barrel then. Whereas today's oil prices are about $110 a barrel. A …