To start the week, crude oil prices hit a multi-year high of $89.38, up $3.65 from one week ago, and by this morning had fallen only a little to just under $88.  
Events serving to push prices higher include the strengthening of the Euro due to Portugal’s successful auction of treasury bills, which put downward pressure on the dollar, subsequently driving crude prices higher. Also, adding to the run was news that Chinese manufacturing had grown at its fastest rate in seven months.  
The significant increase in crude prices has expectedly seen a similar rise in prices at the pump, culminating in a national average price that is up more than thirty cents per gallon year over year—today’s average is $2.96.
For the best efficiency drivers should make sure their cars are in good shape, use the most fuel efficient vehicle possible, and combine trips to reduce gasoline use. Other options are to take public transit where possible or ride a bike. Other suggestions are in AAA’s Gas Watcher’s Guide, free at AAA offices, and on the web at www.aaaet.com.

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