Measured by AAA Fuel Gauge and the Lundberg Survey gas prices have accelerated higher. The average price for regular gasoline increased 11.49 cents to $3.9297 a gallon, according to Lundberg. The number is based on a two-week survey for the period which ended on March 23. The AAA number for regular is $3.897 as of yesterday, up from $3.894 the day before and $3.674 a month ago. The persistent question which no one can answer with accuracy is when a large majority of Americans will sharply curtail their consumer spending because of gas. It is almost certain that the lower, and some part of the middle class, have cut back if they have to drive any great distance. Several consumer confidence numbers will be out this week, which will at least show the trend.
Gas Move Sharply Higher
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
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