Oil and Gas

AP: Oil prices advance as pump prices rise to new high

Diesel now costs $4.52 a gallon.

...pump prices topped an average $4 a gallon for the first time in two metropolitan areas: Chicago and New York's suburban Long Island.

"The ongoing upward trend in crude prices is going to ensure that the U.S. economy remains under pressure," said James Hughes, an analyst at CMC Markets in London.

How will the rising cost of gas affect basic transportation in the urban areas. At what level will the poor find gas costs to be completely prohibitive.

Will mass transportation usage drastically increase.

Will cities find ways of developing bike lanes like Portland, Oregon.

Walking, anybody?

I'm still pulling for the compressed air mass transport vehicles.