Cleaning & Restoration Breaking News

Gas Prices Hit Record High of $1.73

March 18, 2003
/ Print / Reprints /
ShareMore
/ Text Size+
WASHINGTON - Gasoline prices jumped another 1.6 cents this week to a national average of $1.728 a gallon, eclipsing the record high set in May 2001, the Energy Information Administration said Monday.

The EIA has predicted that prices would continue to soar at the pump because of tight supplies and high crude oil costs and reach an average of $1.76 cents a gallon next month.

Motorists probably will pay more than $1.70 cents a gallon through the summer driving season, the agency said.

In its weekly gasoline price tally, the EIA said Monday that regular gasoline prices ranged from a low of $1.61 a gallon along the Gulf Coast to a high of $2.145 a gallon in California, a jump of about 6 cents a gallon from a week ago in that part of the country.

Before this week, the highest average gasoline price recorded by the EIA was in May 2001, when motorists paid an average of $1.71 a gallon at pumps across the country.

The EIA noted that the current prices, if inflation were taken into account, might still be considered a bargain compared to what motorists paid 1981. Using today's dollars, gasoline cost an equivalent of $2.90 a gallon in March 1981 in the aftermath of the turmoil in oil supply caused by Iran's 1979 Islamic revolution.

The EIA is the statistical arm of the Energy Department.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

The 2014 Experience Conference and Exhibition

A look in photos at the 2014 Experience Conference and Exhibition, which was held from April 24-26 at the Embassy Suites Convention Center and Spa in Frisco, Texas.

Podcasts

Have a limited marketing budget but realize the importance of neighborhood marketing? Try doorknob hangers, a low-cost, yet highly effective way to drum up more business. In this episode, John Braun discusses the value of this tactic as well as what you should include on the materials you're hanging.
More Podcasts

ICS Cleaning Specialist Magazine

CoverImage

2014 September

The September issue of ICS features stories on moisture detection, disinfectant services, neighborhood marketing, then we discuss the last level of being phenomenal, and cool products.

Table Of Contents Subscribe

Social Media

Social media is a good way to regularly keep in touch and interact with current clients and reach potential ones. What social mediums do you use in your cleaning/restoration business?
View Results Poll Archive

THE ICS STORE

Get Paid! book cover
Get Paid! (ebook)
Over 30 authors – over 40 articles…from attorneys, contractors, consultants, instructors and others, both inside and outside the restoration industry. R & R, C & R and Cleanfax, opened their archives and gave us the best they had, other chapters were created just for the “Get Paid!” book and its readers. And every one of them has ideas for how to get paid what you are owed.

More Products

ICS DIRECTORY AND BUYING GUIDE

Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view

TRUCKMOUNT EQUIPMENT AND ACCESSORIES GUIDE

Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view

STAY CONNECTED

facebook_40.png twitter_40px.png youtube_40px.pngcrc logo