At $3.76, Gas Prices Race Toward $4
Gas prices reached $3.764 yesterday based on a national average of a gallon of regular, according to the AAA. One month ago, that price was $3.467. At that rate of increase — 8% a month — a gallon of regular will…
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Parts of the country that are not near large refineries, but where demand is large, already face prices well above $4 per gallon of regular. The price in California is $4.345. Almost 38 million Americans live in the state, out of a nation total population of 311 million. Gas prices are also very close to $4 in heavily populated states New York, Illinois and Michigan. An illustration of how important the distance from refineries is — the average price for a gallon of regular in Texas is only $3.595.
Because of the high average price in most large states, as far as the majority of Americans are concerned, gas is already near or above $4.
Douglas A. McIntyre
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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.
