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Here comes $4 Gasoline

By Anonymous

From Eric Wolff at the North County Times: Analysts see gas headed back to $4 a gallon

The average gas price may reach $4 a gallon by Thursday in San Diego County, and Riverside-San Bernardino counties won't be far behind, gasoline analysts said.

The average price Monday for a gallon of regular unleaded was $3.955 in Riverside and San Bernardino counties and $3.977 in San Diego County, according to AAA. Both prices exceeded the price of gas at this point in 2008, when gas prices peaked in June at $4.63.

California has higher gasoline prices than most of the U.S. - and San Diego is usually near the top in California - but prices are moving higher for everyone (although still below $4 per gallon for most).

Last week, Jim Hamilton had a post on consumer sentiment and gasoline prices, including a graph on prices across the country. Note: The final March Reuter's/University of Michigan's Consumer sentiment index will be released on Friday.

Earlier:
? February Existing Home Sales: 4.88 million SAAR, 8.6 months of supply
? Existing Home Inventory decreases 1.2% Year over Year
? Existing Home Sales and Inventory Graphs

Full post as published by Calculated Risk on March 22, 2011 (boomark / email).