Gas Continues Rapid Race To $4

By Douglas A. McIntyre Published Mar 30, 6:13AM EDT

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Not a single day passes without an increase in the price of regular gas, as measure by AAA based on a national average. That price rose to $3.925 yesterday up from $3.921 the day before and $3.606 a year ago. There are a number of states in which the price is above $4. These include Alaska, California, Connecticut, Illinois, Indiana, Michigan, and New York which among them have over 50% of the US population.

Oil prices are still at the heart of the gas price problem. France, the UK, and US may release part of their strategic oil reserves to increase supply. There is worry, however, that the increase will trigger a drop in production by Saudi Arabia, which wants to keep oil prices around $100

And, the trouble which has cause some of the run-up in oil, particularly shuttering of refineries and political tension with Iran, are not about to go away

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.