Latest Gasoline Prices - It Ain't Pretty
Well, it is like this: If you wanna drive, its gonna cost ya. Not that we can't afford it. We clearly can because the fuel is spewing out of the gas pumps all over the nation. But, what are the trends? Where are we coming from and where does it look like we are going. Here is an example of your federal dollars at work - our friends at the Department of Energy. Deep within the halls of the department is the EIA - not the CIA or the EPA - but the Energy Information Agency. Their job is to track energy use and price movement in all its myriad ways. With billions of engines just in the USA - how many engines do you own? - it is a never ending task. Anyway, here's the latest:
In mid-May we hit a new national peak average gasoline average price of $3.20. A year earlier, you can see a similar trend in price. High in the summer into September. Lower in the winter. Now, look at the swing - about a dollar a gallon. In February the price was $2.20. Looking further back we see that the summer of 2005 stayed low until Hurricane Katrina hit. As we learned in 2006, you can never depend on a hurricane to do what you expect. Well, anyway, now you know.
[Source: EIA]
Reader Comments (Page 1 of 1)
AlexP 2:40PM (7/24/2007)
Gas prices are lower here than they were last year, I can tell you. :> (last year: avg: $1.20, now: $1.06... And it gets to about 4 cents below a buck the moment you cross the river (from Quebec to Ontario).
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Mattias 3:39PM (7/24/2007)
Just visit Europe. At 6$ to 7$ per gallon you will stop wondering why we have so many small diesels getting 35 to 60mpg...
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Jared 9:52AM (7/25/2007)
I wish we did not use CAFE standards at all. I wish we would just raise the taxes on gasoline at the pumps for the 39 cents now to like a dollar and progressively go higher. That would make consumers buy more efficient products and would slow down all these toll roads going up that our government can't afford to put up cause the gas taxes are to low. Anyway thats my 2 cents.
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A.Brien 11:31AM (7/25/2007)
New technologies can help diminish oil consumption but the cars compagnies are lagging the step of offering fuelcell cars that can be fuel by strait water, hydrogen gas, natural gas, methanol, ethanol, gasoline, diesel. They certainly must feel that strait water can bring to them some troubles like ' why didn't you do it before '. Well for me it looks like a taxation problem and a technology gap to steep to cross from the manufacturers. With all the laws and cafe standards they must just drop petrol. I think that it's internet that provide the best informations abouth all that. I never saw fuelcell cars and the differents others technologies on t.v or in the newspapers but on internet there is full of informations.
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