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Gas Prices Went Up Almost 32 Cents A Gallon Last Week

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Gas Prices Up
Gas Prices Up

 

 Nancy Cain at AAA of Michigan says gas prices in the state have gone up 31.8 cents in the last week. She says if that isn’t a record, its close to one. The average price is now three-dollars-69-cents a gallon. Oil industry analysts are blaming the price hike on rising crude oil prices and a refinery explosion and fire outside of Toledo.

Cain says Nationwide, the price of gasoline has risen by an average of 17-cents in the past month.

Maybe this is cause and effect.   After a promising increase in Hybrid sales late in 2012, gas prices dipped in January. Drivers are holding back on buying plug-in electric hybrid cars so far this year. 

The "Detroit News" reports GM, Toyota and Nissan are all reporting a sales slump for electric vehicles and plug-in hybrids for January compared to December.  While GM reports selling more than eleven-hundred of its Chevy Volts in January, that's off from the more than 26-hundred sold in December and the lowest number sold in a single month since February of last year.

 

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