It's good to have a Prius

Pump prices on pace to top 2009 high by weekend | Comcast.net: "The cost of filling up the car is rising in the wake of soaring crude and by this weekend, pump prices will race past the highs for all of 2009. Tracing the ascension of crude, up 14 percent since mid-December, energy prices across the board are catching up. On Tuesday, benchmark crude prices closed higher than they had on any day last year."

Comment -- It's hard to believe that gasoline sold for about $1.75 a year ago in Lansing.

I heard an interesting podcast this week that talked about oil prices. The economist being interviewed said that we forget how much oil prices have risen in the past decade. He said it was largely driven by demand from China and India.

Unless there are some big changes in Congress this fall, I expect the Obama administration to use taxes and regulations to push gasoline prices even higher.