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BP Barometer: Prices Up PDF Print
Written by Steve Frank   
Wednesday, 09 March 2011 06:28

The BP barometer is back up again this morning, as gas jumped another 5-cents a gallon this morning.  Gas prices jumped an average of 39 cents per gallon since the uprising started in Libya last month, and across North Carolina businesses are starting to feel the pinch.

NCNN reports that Greater Raleigh Chamber of Commerce President Harvey Schmidt said the high prices create a challenge heading into the second quarter.  "It is tough for small businesses to make a profit under such conditions. Ultimately it means fewer profits for small business and I'm afraid a slower return to economic strength and job creation." Wholesale gasoline prices have risen 38 cents per gallon, or 15 percent, since the first uprising in Libya on February 15th. Meanwhile, gas prices are expected to rise as refiners switch to their more expensive summer blend.


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