Gas Prices Jump to $3.91 a Gallon, Heading to $4.00

Not mad yet? Don't worry. We will see $5.00/gallon of gas by summer. Americans are stupid creatures. They are unable to see the obvious. Unfortunately, the American people need to be told by the media that the high gas prices are really high. We need to do our duty and call our Congressman/woman to get this fix right now. If they capitulate, tell them they will be another victim in 2012.

(ABC NEWS) The average price for a gallon of gas in the U.S. is now within a dime of $4.

Drivers in 22 states are paying more than the national average of $3.91 per gallon. In Alaska, California and Connecticut they're paying $4.20 or more.

With one day left in April, gas prices are up 30 cents for the month. On average, the increase has been slightly more than a penny per day. At that rate, the national average for gas would reach $4 on Sunday, May 8. In 2008, when gas hit a record of $4.11 per gallon in July, it didn't cost $4 until June 8.

Analysts predict gas prices will actually start falling toward the end of May, as refineries increase production and more gas becomes available. That remains to be seen: Many analysts failed to predict the prices drivers are paying now, caught off-guard by surging oil prices.

April's rise in gas prices is sobering news for the economy. On Friday, the government said that personal incomes rose in March, but much of the extra money went to pay for gas. Now a 20 gallon fill-up costs on average $6 more than it did on March 31, diverting money from clothing, groceries, take-out food and other spending.

The main reason gas is up is the high price of oil. It rose again Friday, boosted by a weaker dollar. The dollar hit a three-year low against six major currencies. Since oil and other commodities are priced in dollars, they become more attractive to buyers with other currencies and prices rise.

AP survey, Only oil shock can stop economy now

The Associated Press must be from another planet. They see the present state of this environment positive. AP is saying Americans are spending more on furniture, cars and electronics. Really? Who is buying cars with these gas prices?

AP is reporting an increase in American exports and corporate spending, which have helped drive the recovery, are expected to remain strong. What? With the failed bailouts to pay the CEO bonuses, the only way to drive this economy is consumer spending. We aren't producing anything in this country. Companies aren't spending. There is still a trillion dollars tucked away awaiting for the right time for companies to diversify.

The Associated Press is Obama's lap dog. The spending is through the roof, our debt will never get paid off, true unemployment and productivity will never improve, the dollar will continue to sink, and the turmoil around the world will keep this country struggling to make ends meet. Gas prices is one thing that will hinder this economy, but there is a solution; DRILL BABY DRILL.

(AP) WASHINGTON -- The American economy is now strong enough to withstand Middle East turmoil and the Japanese nuclear crisis. Only a big rise in the price of oil could stop it now.

Those are the findings of an Associated Press survey of leading economists, who are increasingly confident in a recovery that is nearly two years old. They expect the economy to grow faster every quarter this year.

In part, that's because the economists think Americans will spend more freely in the coming months. Higher stock prices have made people wealthier. And a cut in the Social Security payroll tax is giving most households an extra $1,000 to $2,000 this year.

American exports and corporate spending, which have helped drive the recovery, are also expected to remain strong, according to the quarterly AP Economy Survey.

The one factor that could make a second recession a possibility would be a jump in oil prices to $150 a barrel, economists say. Oil trades at about $112 a barrel now. The record high, set in the summer of 2008, is about $147 a barrel.

Eric Holder will Investigate High Gas Price, Possible Tea Party Involvement LOL

Eric Holder found disturbing irregularities with the high gas price. Well, it is obvious that Obama's presidential re-election bid in 2012 looks very dismal, and Holder is scared that he will be out of a job. Since speculation in the market, which is a normal stock market occurrence, can drive a commodity through the roof, it could have detrimental effect in our daily life. Holder is reaching the bottom of the barrel to find out the cause of the high gas price. Well, I have some (crazy) thoughts on the matter. Holder suspects an al-Qaeda and Taliban involvement to the crisis. There is a high possibility that a Christian organization is aiding and abetting the manipulation of the oil market. There is a consideration that Israel is to be blamed. Holder will decided if the proceedings for a trail be done in civilian court or at GITMO. There are rumors that Holder will investigate the TEA PARTY movement for their primary role in driving the oil market and depreciation of the dollar. Honestly, Eric Holder is way over his head.

(Reuters) - Attorney General Eric Holder said on Tuesday that he saw some "disturbing" things in the energy markets, which support forming the task force unveiled last week to investigate possible fraud and manipulation.

"There are at least a couple of things that are I think disturbing and I think we'll look into those," Holder told reporters when asked if he believed people were illegally manipulating the market. He declined to identify his concerns.

"But again I don't want go too far out there and say that that is the reason why we have seen these gas price rises, but there is I think a basis for us to announce the formation of the task force," he said.

The Obama administration unveiled the task force working group as President Barack Obama tried to head off a political headache of soaring gasoline prices as his 2012 re-election bid begins.

Gas prices climb 6.4 cents overnight

It is 2008 all over again. What reverse the high gas price in 2008? Bush rescinding an executive order banning off shore drilling. That cause a cascade of events that ended the speculation in the oil market. Will Obama do the same? It would be a fat chance in hell that will transpire. So far, EPA clamping down off shore leases, a ban in new refineries, and Obama raising the tax on oil companies. I don't think these will bring down the price of gas.

southeast-michigan">(WXYZ) - Michigan motorists will pay 6.4 cents more for gas today than yesterday -- with the current statewide average now at $4.040 per gallon, reports AAA Michigan.

This is the first time the average price of self-serve unleaded gas has hit $4 across the state since Sept. 19, 2008, when the average price was $4.034 per gallon.

The current statewide average is $1.196 more than the same time last year. The average for self-serve regular rose 4.2 cents in Metro Detroit yesterday, with the average now at $4.020 per gallon.

The Metro Detroit average is $1.187 cents higher than last year at this time.

Obama solution to High Gas Price, Raise taxes to Oil Companies

Obama understand we are reliving 2008 and the high gas prices. What does he do? Obama raise the tax on big bad oil companies. This will have no effect to the price of gas. It only raises tax revenues. These oil companies will only pass on the cost to us at the gas pumps. Therefore, we are getting shafted with the bill. Whenever the government taxes on a company, those taxes are added to the price of the product they sell. Corporations don't pay taxes. That is the honest truth. The logical truth is to DRILL BABY DRILL. That will end the speculation in the oil market. Bush did that in 2008.

(Yahoo) WASHINGTON (AP) -- Amid rising gasoline prices at the pump, President Barack Obama urged congressional leaders Tuesday to take steps to repeal oil industry tax breaks, reiterating a call he made in his 2012 budget proposal earlier this year. The White House conceded his plan would do nothing in the short term to lower gas prices.
Rising gas prices have become a political weight for the White House, with polls showing that as the cost rises at the pump, the president's approval ratings have slipped. Obama has increasingly sought to display action on oil, even as he acknowledges that there is no immediate answer to stem costs.

"High oil and gasoline prices are weighing on the minds and pocketbooks of every American family," Obama wrote. But he also added that "there is no silver bullet to address rising gas prices in the short term."

Obama's proposal, spelled out in his past two budget plans, would eliminate a number of tax breaks for oil companies that would generate an estimated $4 billion a year in additional revenue.

More Drivers Stranded for Running Out Of Gas

It is only to get worst as summer approaches. Hopefully by then, the American people can start that revolution I only can dream about. Of course, there will be cars stranded on the highway. Drivers are no longer filling their tank at the three-quarter mark on the fuel gauge. They are filling when the indicator light of the fuel gauge goes on. Like myself, we are all guilty of that.

(CBS) PITTSBURGH (KDKA) — With gas prices pushing $4 a gallon, a lot of people are trying to stretch their dollar at the gas pump, but some of them are trying to stretch it a little too far.

Since the beginning of March, AAA has seen an 18 percent increase in the number of roadside calls for people running out of gas.

“I never put a lot in because I can’t afford to fill it up,” Leo Greek, a stranded motorist, said.

He says he’s not even sure how much it would cost to fill up his truck these days because he hasn’t done it for a while. He gets only what he needs and today he underestimated.

“It’s frustrating,” Greek said. “I can’t believe it has to be that expensive, but I know everybody’s going through it.”

According to AAA, gas prices in the Pittsburgh area have gone up 26 cents per gallon in the last month.

“Before it was more absentminded than anything else,” Jim Krebs with Brighton Service said. “But now, I believe that’s what it is. I believe people are like, ‘Man, I got to buy something else so I’m not going to put gas in the car. I should be able to make it,’ and they don’t.”

Orlando Gas Station Charges $5.69 a Gallon

It is Easter Weekend and the price of gas skyrocketed in pockets around Orlando, Florida. What do we need to do to get people angry? We don't need the media to tell us what the price of gas we are currently paying. We are already at the threshold that we were in 2008. The media and Washington, D.C., don't care because no one is complaining. Obama throws a piece of carrot to do some investigation on the recent spike in gas, but the president's motive is to buy time. We are giving a huge tax revenue to the government in a form of a gas tax. It is affecting everybody. It doesn't matter what social economic class one belongs. It affects everybody who owns a car.

(CNN Money) NEW YORK -- Gas prices are on the rise nationwide, but one filling station in Florida has earned the dubious distinction of having the highest prices in the country.

Suncoast Energys, located near the Orlando International Airport, was charging $5.69 a gallon for regular gasoline on Friday. That's the highest of any gas retailer in the nation, according to price tracker gasbuddy.com.

By contrast, the average price in the city of Orlando is $3.78 a gallon, a few pennies below the state and national averages.

But authorities in Orlando -- where tourism helps drive the local economy -- have taken notice of the high prices at Suncoast and another gas station near the airport.

The city does not have the authority to regulate gas prices, so Orlando recently passed an ordinance requiring gas stations to post prices on signs that are clearly visible from the street.

With a Democrat in the Oval Office, Five Dollars a Gallon is No Big Deal

Rush Limbaugh exposes the hypocrisy of the Main Stream Media. Under Bush, the media went on a rampage with the $4.00/gallon of gasoline, but under Obama, it is denyingly quiet. It is abundantly clear that Obama is forcing us to change our ways. The president wants us to get rid of our big SUVs and trucks. Obama wants us to buy expensive hybrids, smaller economical cars (deathtraps), use more mass transit, and buy defective electric cars. Well, the government cannot tell the American public or force us to buy something that we don't want.

Transcript from Rush Limbaugh Show

RUSH: It is so predictable. There's MSNBC during their one-year retrospective impact of the Gulf oil spill. And you know what the purpose is of this particular episode being anchored by Andrea Mitchell is. The purpose here is to make sure we don't drill for oil ever again. It's to support Obama and the regime 'cause, man, look what almost happened. Do you realize every prediction of doom and disaster from that oil spill ended up being totally wrong, as wrong as you could be if you wanted to be a hundred percent wrong, and yet here they are, their one year retrospective with the whole focal point being, "Boy, it was a disaster, dangerous, could have been really disastrous. We better never drill for oil again." Why do this? What's the big deal about this anniversary? And to whom is it an anniversary, aside from the media? Zilch, nobody.

I want to show you something on the Dittocam. I just turned it off while I zoomed tight. We did a little Google search here. In the previous hour of the program I made reference to the fact that, where are all the stories on the gasoline price going up? Five bucks a gallon. If you heard the riff, you know, I don't need to repeat it, basically the point of it was that compared to 2005, the last time gasoline prices spiked big time, there's no coverage of it. So, yeah, while the price is exceeding four bucks in many places, five bucks in Washington, there's not this accompanying panic. No. What are we getting? A one-year look-back at the oil spill. So the media is doing everything it can to suppress any negative economic impact to Obama, virtually no coverage of the rising gasoline price.

And this, ladies and gentlemen, is a search, gasoline prices, Google trends. Here it is. That big spike that you see on the left is 2005 when the price was approaching four bucks a gallon and the oil price was around $150. That's been the way they've been covering gasoline prices since. This year, no coverage. See the little spike there. It just proves the point that I was making an hour ago, and that is that there's no coverage on this. I mean people are sending me notes, "Gasoline prices are skyrocketing. People are really feeling the pain." Are they? Do they know it? They're feeling it but do they think anybody else is feeling it? There's no news on it and there's certainly no negative news about it. Whatever news about the gas price going up tends to be, "Well, you know, there's really some good news about this. Less dependence on foreign oil. Less travel. Less accidents. Fewer lives lost." I mean, they're actually doing stories on the benefits of rising gasoline prices. Something you would never see, of course, if a Republican were in the Oval Office.

Gasoline averaging $4 a gallon in 5 states

Now the revolution can begin. The $4.00/gallon gas price surpassed our threshold. At this point, the American people won't take any more of it.

(AP) NEW YORK-- The average price of gasoline is now above $4 per gallon in five states, and it could rise to that level in New York and Washington, D.C., this weekend.

For American drivers, the $4 mark is a grim reminder of tougher times. The last time gas prices were that high was in the summer of 2008, just before the economy went into a tailspin. Retail surveys suggest motorists are reacting to higher prices now by buying less fuel, yet the government expects pump prices to keep climbing this summer.

The national average has increased for 24 straight days, hitting $3.82 per gallon on Friday. Motorists in Connecticut, Illinois, California, Hawaii and Alaska now pay more than $4 per gallon. A gallon of regular cost an average of $3.979 in New York and $3.999 in Washington.

The rapid increase at the pump follows a parallel rise in oil. Oil, which has been rising slowly since 2009, gained momentum as the Libyan rebellion effectively shut down its exports. Crude has jumped 28 percent since the uprising began in the middle of February.

Gas Prices Climbing Toward $5 Per Gallon

If a revolution doesn't start by then, America better not bitch and whine. In fact, we are reliving 2008 again. You won't hear the government complaining because the tax revenues from the gas pump is feeding their addiction to spending.

(CBS) CHICAGO– At one time, $5 per gallon gas seemed like a far-fetched idea, but that is no longer the case.

As of Monday, the average price for a gallon of regular unleaded gasoline in the Chicago area is $4.11, compared with $3.71 a month ago, and about $3.10 a gallon at this time a year ago.

Some experts say $5 per gallon gas is possible by Memorial Day-or sometime in summer. Others caution that reaching that mark is unlikely over the next six weeks. In Chicago, the prices keep rising to near-record levels–with no relief in sight.

Right now, oil markets are so skittish that records set in 2008 could fall.

National avg. gallon of gas jumps to $3.76

Am I the only one noticing the cost to pump gas? This is unfreakingbelievable! This was about the same price before we saw an uprising in 2008. Forget the damn budget. Fix the damn price of gas. Drill already!

(Reuters) NEW YORK, April 10 (Reuters) - The average price for a gallon of gasoline in the United States has moved closer to $4, jumping more than 19 cents since mid-March to a level less than 10 percent below its all-time high, a widely followed survey said on Sunday.

The Lundberg Survey said the national average price of self-serve, regular unleaded gas was $3.765 on Friday, up from $3.573 on March 18, and up 91.3 cents from $2.852 a year ago.

The national average would have been higher had refiners and retailers not resisted passing on rising crude oil prices as customers grow less willing to pay what it takes to fill their gas tanks, analyst Trilby Lundberg said in an interview.

Crude oil prices are higher amid unrest in Libya and elsewhere in the Middle East, as well as a weaker U.S. dollar, which on Friday fell to a 15-month low against the euro.

A falling dollar often lifts dollar-denominated commodities such as oil. This is because some investors use commodities as an inflation hedge, and consumers who use other currencies may view the commodities as cheap and buy more, driving up prices.

Even if crude prices do not change, Lundberg said pump prices could rise another dime per gallon as earlier increases work their way into the retail market.

Obama Attempt To Shame SUV Driver to Buy a Small Car

Obama Humiliated After An Attempt To Shame SUV Driver. This always happens when Obama doesn't use a Teleprompter.

Obama Solution for Higher Gas Price is to Buy a New Efficient Car

The arrogance by the president is not welcoming to the American people. In addition, the "smart" sarcastic answer by the president to a potential voter's question was unwarranted. I thought Obama's comment to put air in the tires to counter the high gas price was stupid, but forcing us to change our gas guzzler to a better fuel efficient car is going over the top. I think it is time to vote this jackass out of office once and for all before he destroys America.

(Herald News) FAIRLESS HILLS, Pa. — Pitching the promise of energy independence, President Barack Obama cautioned Wednesday that it’s going to be tough to transition from America’s oil-dependent economy and acknowledged there’s little he can do to lower gas prices over the short term.

“I’m just going to be honest with you. There’s not much we can do next week or two weeks from now,” the president told workers at a wind turbine plant. It’s a theme Obama’s struck before as he tries to show voters he’s attuned to a top economic concern with gas prices pushing toward $4 a gallon.

Obama said he wants to move toward “a future where America is less dependent on foreign oil, more reliant on clean energy produced by workers like you.” That will happen by reducing oil imports, tapping domestic energy sources and shifting the nation to renewable and less polluting sources of energy, such as wind, the president says. He has set a goal of reducing oil imports by one-third by 2025.

But the president said it won’t happen overnight and if any politician says it’s easy, “they’re not telling the truth.”

“Gas prices? They’re going to still fluctuate until we can start making these broader changes, and that’s going to take a couple of years to have serious effect,” Obama said.

Obama needled one questioner who asked about gas prices, now averaging close to $3.70 a gallon nationwide, and suggested that the gentleman consider getting rid of his gas-guzzling vehicle.

“If you’re complaining about the price of gas and you’re only getting 8 miles a gallon, you know,” Obama said laughingly. “You might want to think about a trade-in.”

Gasoline up 100 percent under Obama

Prepare to see a huge revolt by the American people with these absurd gas prices...

(Washington Times) Feeling pain at the pump? Gas prices have doubled since Mr. Obama took office. According to the GasBuddy gasoline price tracking web site, the price of a gallon of regular gas was around $1.79 when Mr. Obama took office. Today the national average is $3.58. The lowest average price in the continental United States is $3.31 in Tulsa Oklahoma, the highest is $4.14 in Santa Barbara, CA. Four-dollar-a-gallon gas has arrived on average throughout California, and a number of other states are headed in that direction.

Consumer price index (CPI) figures from February show an unadjusted 12 month gasoline inflation rate of 19.2%, but in the last month alone prices jumped 6.8%, probably because of oil price increases due to instabilities in the Middle East. If the trend continues, gas prices would double again within a year. 100% gasoline price inflation is nothing to brag about, but imagine Mr. Obama going into the 2012 election having to explain why gas costs $7.00 a gallon. I'm sure the White House would spin it as one of their "Green" initiatives.

Gas Prices Have Gone Up 67 Percent Since Obama Became President

DRILL BABY DRILL! Obama needs to stop blaming oil-rich nations and oil companies. Opening the oil reserves would only save us ten cents at the pump. It is time to really lift the ban on off shore drilling and let us drill because America will not buy electric cars from the GM (Government Motors)

(Weekly Standard) Ah, January of 2009. Hope was in the air, but more importantly, gas was under two dollars a gallon. Since then gas prices, have gone up 67 percent and it's an ominously upward trend. Interestingly enough, the Heritage Foundation also took a look at the first 26 months of Bush's presidency -- gas only rose 7 percent during that time frame.

Now obviously turmoil in the Middle East has something to do with our current astronomical gas prices, but keep in mind that by this point in the Bush presidency 9/11 had happened and we were on the verge of invading Iraq. So while the president can't be entirely responsible for global commodity prices, it's still worth asking what Obama's doing to make things worse.

After all, this is the President who told us "We can’t drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times … and then just expect that other countries are going to say OK.”

This is the President that appointed a Secretary of the Interior that famously said he didn't mind if gas hit $10 a gallon.

Obama First Blames Libya for the High Oil Prices But Now It is the Oil Companies

It is obvious that Obama want the tax revenues from gas to pay for Obamacare.......

(Investors Business Daily) In his Friday press conference to discuss gas prices, President Obama was rather defensive, straining to counter the notion that his administration has been unfriendly to oil drilling, something most people would like to see a lot more of these days.

Where do people get that notion? Perhaps his Interior Department appealing a judge’s ruling that it act onseveral pending deepwater permits had something to with it.

Obama claimed repeatedly that he is not against drilling, then made the following comments:

There is more we can do, however. For example, right now, the (oil) industry holds leases on tens of millions of acres — both offshore and on land — where they aren’t producing a thing. So I’ve directed the Interior Department to determine just how many of these leases are going undeveloped and report back to me within two weeks so that we can encourage companies to develop the leases they hold and produce American energy. People deserve to know that the energy they depend on is being developed in a timely manner.

In other words, Obama is arguing that the oil companies themselves may be to blame for the fact that there isn’t more drilling. For some reason they’re ignoring making a profit. It’s a bizarro-world inversion of the usual complaint against oil companies — that they are reckless and all-too eager to despoil pristine lands in search of black gold.

Gas Prices Up 33 cents in Two Weeks

Come on guys! It is possible to be in denial supporting Obama, but the high gas prices could be fixed by the president very easily. We are reaching a breaking point. We are close to the $4.00 threshold. Are you fed up yet?

(CNN) -- U.S. gasoline prices increased nearly 33 cents in two weeks, the second-biggest two-week jump in the history of the gasoline market, according to a new survey of filling stations.

The latest Lundberg Survey of cities in the continental United States was conducted Friday. It showed the national average for a price of self-serve unleaded gasoline at $3.51, an increase of 32.7 cents from the last survey two weeks earlier, survey publisher Trilby Lundberg said.

The jump was the biggest since a 38-cent hike between August and September 2005. At the time, the price increase was driven by damage caused by Hurricane Katrina.

"This time around, the spike comes not from nature, but from people," Lundberg said. "The armed struggle in Libya has shocked international oil markets and here it is at the pump."

National Gas Average is $3.43 per gallon. Mad Yet?

Where is the outrage? When Bush repealed the executive order for off-shore drilling, the price of barrel of oil dropped as low as $30/barrel (Feb 2009). Now, the price of gas jump to $3.52/gallon in Orlando, Florida. Are you mad yet? Can we drill now?

(Yahoo) NEW YORK (AP) -- The recent surge in oil prices is forcing sharp increases in gasoline and other fuels that could cascade throughout the U.S. economy for months to come.

Pump prices, which are already the highest ever for early March, jumped another 4 cents Thursday. The national average is $3.43 per gallon, according to AAA, Wright Express and Oil Price Information Service.

New Study Shows That Offshore Drilling Could Make Alaska the Eighth Largest Oil Producer in the World – Ahead of Libya and Nigeria

What the hell are we waiting for.......................

(CNSNews.com) – A new study says drilling on Alaska’s Outer Continental Shelf (OCS) could make Alaska the eighth largest oil resource province in the world -- ahead of Nigeria, Libya, Russia and Norway.


The report -- by the consulting firm Northern Economics and the University of Alaska-Anchorage’s Institute of Social and Economic Research -- says that developing Alaska’s OCS could produce almost 10 billion barrels of oil and 15 trillion cubic feet of natural gas, create around 55,000 new jobs and produce $145 billion in new payroll nationally, generating a total of $193 billion in government revenue through the year 2057.


A senior policy advisor with the American Petroleum Institute, the trade group for hundreds of U.S. oil and gas producers, said in a statement about the study that offshore drilling for oil and natural gas can help with the country’s energy and economic needs.


“America will need all forms of energy to get our economy back on track, and that includes oil – we can either produce it here and create more American jobs or import it and create jobs elsewhere,” Richard Ranger said. “The administration and Congress need to adopt an ‘all of the above’ energy approach that leverages our offshore resources in Alaska to create an energy plan for America that boosts, rather than inhibits, our economy.”


About 77 percent of world oil reserves are owned or controlled by national governments and the U.S. currently imports over 60 percent of its crude oil, according to API. The Northern Economics-University of Alaska study estimates that Arctic offshore development could cut U.S. imports by about 9 percent over 35 years.


Crude oil prices in New York broke through the $100-a-barrel threshold on Thursday, with rising prices linked to the unrest in the Middle East, including Libya and its vast oil reserves.


The Washington Post reported on Thursday that U.S. pump prices for regular gasoline jumped 4 cents a gallon overnight to $3.23, an 8-cent-per-gallon increase in the past week and 55 cents more than a year ago.


“Given the current political turmoil in the Middle East and increased demand from a slowly growing economy, it is more essential now than ever before that we develop Alaska’s OCS to increase domestic production,” Ranger said. “Increased OCS production in Alaska would also extend the operating life of the 800-mile Trans-Alaska Pipeline System (TAPS), a critical lifeline of domestic energy for America.”

Gas prices surge 17 cents in a week

As the turmoil in the Middle East and North Africa escalates, America's dependency for foreign oil must stop. With the weak dollar making the barrel of oil very expensive, it is impossible to hear our politicians gripe about this dilemma. In fact, higher pump price means more tax revenue for Washington, D.C. Since 1974 during the Nixon Administration, politicians want the USA to be less dependent on foreign oil. Ironically, it has been more than 30 years and the same politicians are still talking about it. Currently, alternative energy is decades away. The electric cars currently available are not what the consumers had in mind. America is current sitting on a massive depot of untapped oil, but afraid to touch it. It is time to be more proactive and tap into that resource, and at the same time, we must continue to improve all forms of alternative engergy. Like the old adage, "Why live for tomorrow if we can't live today."

NEW YORK (CNNMoney) -- Gas prices have increased nearly 17 cents a gallon in the past week. And analysts expect prices to continue higher, following a sharp rise in the price of crude oil.

The national average price for a gallon of regular gas rose 4.3 cents to $3.33, motorist group AAA said Saturday. That marks the fourth day in a row that prices have risen, and brings the national average to the highest level since October 2008.

Tom Kloza, chief oil analyst at the Oil Price Information Service, said gas prices' 6-cent jump reported Friday was the largest one-day increase since at least 2008.

Analysts expect prices to continue rising over the next few days, since gas prices typically lag trends in the oil market.

The spike in oil last week could translate to an increase in gas prices of 37 cents per gallon in the coming weeks, according Moody's Analytics economist Chris Lafakis. He estimates that for every $1 increase in the price of oil, retail gas prices typically rise 2.5 cents a gallon.

Economists warn that an energy price shock could hurt the economic recovery in the United States. In general, every $1 increase in the price of oil costs consumers $1 billion over the course of a year.

That's concerning because consumer spending makes up the bulk of U.S. gross domestic product, the broadest measure of economic growth.