SAN FRANCISCO (MarketWatch) — When the U.S. Energy Department mentioned in a report this week that retail gasoline prices could top $4 per gallon later this year and diesel prices may rise 14% this year, that should’ve been cause for alarm for consumers who have already seen a steady climb in fuel prices in the last three months.
“Retail gasoline and diesel prices are usually near their lowest point for the year between December and February,” said Brian Milne, refined fuels editor at Telvent DTN. But the run-up in prices started in the fourth quarter, with prices continuing to climb on expectations that “an improving U.S. and world economy will bolster demand for fuel.” See Economic Report on the impact of gasoline prices on consumer sentiment this month.
Consumers last saw $4 per gallon prices at the pump in September of 2008, according to data from the Oil Price Information Service. Regular gasoline reached a record high at $4.11 per gallon on July 17, 2008.
Notice how little this is being played up in the price. If it was a GOP president all hell would have broken loose by now.
The blame is the blame and that brings us no further towards the solution. I believe in personal solutions, I have found my own
ReplyDeletesolution to the gas issue. There is an outfit called MyGasDiscount.info, I joined them (it doesn't cost anything to join) and then when I fill up, I keep the receipt and mail it in to get a 50% rebate on the amount I spent for gas. However, there is an upper limit that you can do each month I think it is $200 or something like that -- but believe me an extra couple of hundred bucks a month gives my family our weekly trip to the movies again... or you can always buy more gas.. LOL. Here's the link
http://www.mygasdiscount.info