"Gas Will Never Be Below $3 A Gallon Again"

According to AAA, the average cost of gas has been more than $3 per gallon for 1,000 days straight.

It’s the longest streak ever for gas prices at this level. Right now, the average in Minnesota is $3.50 per gallon, slightly lower than the national average of $3.54 per gallon.

Bob Darbelnet, president and CEO of AAA, says kiss the days of cheaper gas prices goodbye.

“Paying less than $3 per gallon for gasoline may be automotive history for most Americans, like using 8-track tapes or going to a drive-in movie,” Darbelnet said. “The reality is that expensive gas is here to stay, which is tough on millions of people who need a car to live their lives.”

Experts say paying less than $3 is a thing of the past because of supply and demand. According to Patrick DeHaan, a senior petroleum analyst with GasBuddy.com, more people in the world want oil, and there are fewer places producing it. Read more >>

Fitch Downgrades United Kingdom

Fitch Ratings has downgraded the United Kingdom's Long-term foreign and local currency Issuer Default Ratings (IDR) to 'AA+' from 'AAA'. The Outlook is Stable. At the same time, the agency has affirmed the UK's Short-term foreign currency rating at 'F1+' and the Country Ceiling at 'AAA'.

The rating actions follow the conclusion of the review of the UK's sovereign ratings initiated on 22 March and resolve the Rating Watch Negative. The previous Negative Outlook on the UK's sovereign ratings had been in place since 14 March 2012.

The downgrade of the UK's sovereign ratings primarily reflects a weaker economic and fiscal outlook and hence the upward revision to Fitch's medium-term projections for UK budget deficits and government debt. Despite the loss of its 'AAA' status, the UK's extremely strong credit profile is reflected in its 'AA+' rating and the Stable Outlook. Read more >>