• Merry Christmas From the Fed

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    Writes Robert Wenzel:

    According to the AAA Fuel Gauge Report, the price for a gallon of gasoline nationwide hit $3.013, this morning.

    California once again has the highest gas prices in the Lower 48 states, at about $3.27 a gallon. In total, 26 states plus the District of Columbia have gas prices exceeding $3 a gallon, while Colorado has the lowest average gas prices, about $2.75 a gallon. The rise in gas prices coincides with a rise in crude prices, which recently topped $90 a barrel…another high not seen since October 2008.

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    12:29 pm on December 24, 2010