Crude oil fell back to $97.53 a barrel this morning on the world market -- but Triangle drivers are still paying more for gas each day in the wake of last week's oil price spike above $100, blamed on turmoil in Libya.
The Triangle average for regular reached $3.338 a gallon today, a jump of 20.5 cents in just the past week.
That's just the average, of course, so some of us pay even more. The roving scouts at Raleighgasprices.com report lots of local stations selling regular for $3.40 and higher, with $3.50 the apparent ceiling.
Things were different three years ago in the spring of 2008, the last time we saw pump prices above $3 and rising. Today the price is climbing faster. And with more people out of work, the price of gas is causing more pain this time. ... [MORE]