Gas Prices Keep Going Up
By Justin Gardner | Related entries in EnvironmentI’ve been curious to see nobody mentioning the growing cost of gas. Right here in Kansas City, MO, the price has hit $2.32 a gallon, up nearly 40 cents from when Bush started his second term.
So what’s going on? Forbes tries to break it down:
The Energy Department said late Monday that the average nationwide price of gasoline jumped 10 cents last week to $2.33 a gallon - a new record that surpasses the April peak by a nickel.Pump prices are highest on the West Coast, averaging $2.48 a gallon, and cheapest in the Gulf Coast, where motorists pay on average $2.24 a gallon, the agency said. In the Midwest, gas averages $2.32 per gallon, and on the East Coast, $2.31 per gallon.
Trilby Lundberg, who publishes a semimonthly gasoline price survey, said demand for gasoline was up 2.5 percent in June, compared with a year ago, and that prices could climb higher if crude oil prices stay around the $60 a barrel level. On Monday, crude futures settled at $58.92.
However, as the article points out…
While gasoline is no doubt expensive, Lundberg pointed out that the all-time high, when adjusted for inflation, was $3.03 a gallon, set in March 1981.
However…
That’s little comfort to people like Jeannine Keough, who was making her way to the Rhode Island coast Monday morning.“When you need the gas, you need it,” she said, bemoaning how much it would cost her to fill her tank later this week.
“I’ll just deal with it,” said Keough, 50, of Pawtucket, R.I. For now, she’s keeping her eyes open for the lowest price and using her car’s air conditioning as little as possible.
All I want to know is when are the fuel cell cars going to catch on.
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