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Gas...

4/19/2011

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QUOTED FROM AM980

Not only are gas prices as high as they've been all year in London, they're now approaching record territory.

That's almost more expensive than the all-time local high of $1.37 per litre.

When we were paying those prices in September of 2008, oil was selling for $146 a barrel. Almost three years later, gas prices have returned to near record levels while crude has plummeted.

Oil was trading at just under $108 a barrel early Friday.

This time last year, most London stations were charging 99 cents a litre for regular. That's what drivers in most parts of Michigan are paying right now.

12 Comments

    Author

    Dennis Kim

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