Using simple mathematics, one can find that, if gas prices and average miles per gallon remain static, the average American would be spending $2,254.71 per year on gas.
A solution to the Gas Crisis, a new and formidable crisis involving the high cost for gasoline powered transportation, must have widespread results across American commuters to either increase the efficiency of drivers, drastically lower gas prices, or provide alternate modes of transportation, consequently allowing for American commuters to be able to efficiently transport themselves at a moderate price.
Gas prices are threatening industries and jobs, while angry landholders and local communities stand in the way of increasing supply for both domestic consumers and exports – what now? Finally a business forum series where you and your organisation can get the full story on Australia’s looming gas supply and price-shock crisis. Join Green Capital’s…
Gas prices are threatening industries and jobs, while angry landholders and local communities stand in the way of increasing supply for both domestic consumers and exports – what now?
This essay will review how the rising fuel prices affect the different macroeconomic variables such as inflation, rising production cost, unequal ...Open Document.
Sunday, December 17, 2017, 7:00PM: Oil and gas prices have been a real snoozer so far in December, other than the reset on the 4th, and what was the deal in Fort Wayne last Thursday? I think we reset this week, back to $2.59 or so to celebrate Christmas, which would not be a big deal in Walker ($2.48 right now) but would be bigger deal on Plainfield ($2.29 at the moment). Still looking for prices to climb in early 2018, because that’s usually what happens in the early part of the year. -EA
With the continued popularity of the sport-utility vehicle and the high volume of gasoline it requires, the issue of high gas prices doesn’t seem to be going away anytime soon....
Monday, January 1, 2018, 6:00PM: Happy New Year to our readers! Thanks for checking in with us regularly. For gas prices, short-term, since we just had a hike late last week, prices ought to do their slow slide until we get back into price-hike territory. As far as fearless 2018 predictions, I’m sensing more volatility than in 2017, when retail prices pretty much stayed in a 40-cent range once we got to mid-February. Oil prices, currently at $60, have room to head higher, in part related to some new inflation due to a strong U.S. economy beings stoked by new tax-cut stimuli, and that will send gas prices up. I think we’ll see prices over $3 a gallon sometime this year, maybe as soon as this month or February. Stay tuned! -EA
The average retail price for unleaded gasoline posted its fourth record high during the week of June 12, 2000, increasing 5 cents a gallon to an average of $1.681.
Tuesday, November 21, 2017, 7:00PM: After three hike days in October, it has been a quiet November with only one hike day so far. The Midwest shortages seem to have sorted themselves out, and wholesale prices have been dropping steadily since the beginning of the month. I would say that I’m not seeing a hike on the horizon, except that gas is $2.20 in Sparta this evening, $2.33 in Cedar Springs, and $2.35 in Wyoming, all below the 0-cent margin price I calculate. So, they could try to reset across the board to $2.59 on Wednesday, or Big Red might give us a Thanksgiving treat. No prediction at this point, but keep an eye out if a hike emerges tomorrow morning. – EA
These numbers are only valid if the gas prices remain static, however there is an unfortunately high chance that they will continue to increase in the future.
Sunday, October 29, 2017, 6:00PM: Regular readers know that along with my commentary on west Michigan gas prices, I keep an eye on Fort Wayne, Indiana prices, since . Typically, when prices jump in Michigan, it is a day or two later that a similar hike occurs in Fort Wayne. So, I was rather puzzled that my prediction last Tuesday worked for the Hoosier state, with prices rising there to $2.69, while a similar hike did not occur in Michigan. Adding to the puzzlement is that oil prices continued their slow-but-steady climb the past week, and . With my spreadsheet screaming that we are in price-hike territory still, what else can I say except fill up Monday morning and expect something like $2.75. -EA