{"id":198397094,"date":"2011-04-16T06:18:14","date_gmt":"2011-04-16T06:18:14","guid":{"rendered":"https:\/\/wp.baltimorespokes.org\/?p=198397094"},"modified":"2011-04-16T06:18:14","modified_gmt":"2011-04-16T06:18:14","slug":"gas-prices-could-soon-break-july-2008-record","status":"publish","type":"post","link":"https:\/\/wp.baltimorespokes.org\/?p=198397094","title":{"rendered":"Gas prices could soon break July 2008 record"},"content":{"rendered":"<p>By Gary Strauss, USA TODAY<br \/>\nGasoline prices, on the rise for more than three weeks, could top all-time highs by Memorial Day.<br \/>\nNationally, a gallon of regular averages $3.81 \u2014 up 10 cents in the past week and nearly 96 cents above year-ago levels. Industry experts say prices could surpass July 2008\u2019s record $4.11 as seasonal demand, speculators and political uncertainty in Libya and the Middle East propel crude oil prices.<br \/>\n\u201cWe could easily tack on another 30 to 40 cents a gallon,\u201d says Darin Newsom, senior analyst at energy tracker Telvent DTN.<br \/>\nIn some areas, gas has already hit those levels. In Los Angeles, regular averages $4.20 a gallon. In Chicago, it\u2019s averaging $4.17.<br \/>\nTypically, prices peak around July 4, the height of the summer driving season. But escalating prices are already crimping demand and could derail vacation travel, says Tom Kloza, chief oil analyst at the Oil Price Information Service.<br \/>\n&#8230;<br \/>\n********************************************************************************<br \/>\nRelated: 4 months ago; National gas price average breaks $3 barrier <a href=\"https:\/\/www.baltimorespokes.org\/article.php?story=20101223185040673\">https:\/\/www.baltimorespokes.org\/article.php?story=20101223185040673<\/a><br \/>\n<!--more--><br \/>\n.<br \/>\n<a href=\"https:\/\/www.usatoday.com\/money\/industries\/energy\/2011-04-14-gas-prices-near-record.htm\">https:\/\/www.usatoday.com\/money\/industries\/energy\/2011-04-14-gas-prices-near-record.htm<\/a>oldId.20110416061814240<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Gary Strauss, USA TODAY Gasoline prices, on the rise for more than three weeks, could top all-time highs by Memorial Day. Nationally, a gallon of regular averages $3.81 \u2014 up 10 cents in the past week and nearly 96 cents above year-ago levels. Industry experts say prices could surpass July 2008\u2019s record $4.11 as &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/wp.baltimorespokes.org\/?p=198397094\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gas prices could soon break July 2008 record&#8221;<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"1","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-198397094","post","type-post","status-publish","format-standard","hentry","category-biking-elsewhere"],"_links":{"self":[{"href":"https:\/\/wp.baltimorespokes.org\/index.php?rest_route=\/wp\/v2\/posts\/198397094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wp.baltimorespokes.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wp.baltimorespokes.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wp.baltimorespokes.org\/index.php?rest_route=\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.baltimorespokes.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=198397094"}],"version-history":[{"count":0,"href":"https:\/\/wp.baltimorespokes.org\/index.php?rest_route=\/wp\/v2\/posts\/198397094\/revisions"}],"wp:attachment":[{"href":"https:\/\/wp.baltimorespokes.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=198397094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wp.baltimorespokes.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=198397094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wp.baltimorespokes.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=198397094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}