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Gas Prices Could Pass Summer 2008 Records

By Chuck Sudo in News on Feb 24, 2011 2:06PM

The flowering of democracy in North Africa and the Middle East could end up having an effect on gas prices locally. Gas prices for February are already at a high of $3.45 per gallon, petroleum pricing analyst Patrick DeHaan tells the Expired Meter we could be looking at gas prices exceeding the record $4.35 a gallon set in summer 2008.

“I forecast for this spring, the highest prices for Chicago we’ve ever seen,” predicts DeHann. “Prices usually start rising in March. If things in the Middle East get worse, there is a potential to hit record pricing in Chicago. It could be the worst pain at the pump Chicagoans have ever seen.”

Break out the bicycles now, folks.