" ... Prices have skyrocketed before during the Arab oil embargo in 1973, the Iranian revolution in 1979, the two wars with Iraq and when hurricanes ravaged the Gulf of Mexico in 2005 and 2008. Yet gas prices eased as each crisis ended, falling as low as $1.80 a gallon in December 2008 in California.
On Saturday, California drivers were paying on average $3.95 a gallon, with prices hitting $3.97 in San Jose and $4 in San Francisco the first major city in the state to reach that figure.
That's about 90 cents more than a year ago. For truckers, the diesel increase is a counterpunch to what have been profitable signs of economic recovery. “We're the first to see signs of a revived economy, and we've been busy lately,” said Mike Riggan, president of TanTara Transportation of Muscatine, which runs 45 flatbed trucks in 45 states. (SOURCE. Posted by Maria Lauritsen On Sunday, March 13th 2011 in Economy) ..."
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