Monday, March 10, 2008

Electric car, where are you?

What are we going to do? Gas prices are reportedly expected to be $4 a gallon this summer. I mean, seriously. Will a new president help get it straightened out? I sure as heck hope so. Bush is definitely lining his pockets with dirty oil money.

I honestly can't say I have a plan as to what I'm going to do to modify my traveling patterns if $4 a gallon is honestly a reality this summer, as reported by several news outlets today:
Oil, gas prices surging amid supply concerns
Analysts see pump prices climbing to near $4 a gallon
NEW YORK - Gasoline prices were poised Monday to set a new record at the pump, having surged to within half a cent of their record high of $3.227 a gallon. Oil prices, meanwhile, surged above $108 to a new inflation-adjusted record and their fifth new high in the last six sessions on an upbeat report on wholesale inventories.
The national average price of a gallon of gas rose 0.7 cent overnight to $3.222 a gallon, 69 cents higher than one year ago, according to AAA and the Oil Price Information Service. Last May, prices peaked at $3.227 as surging demand and a string of refinery outages raised concerns about supplies.
That record will likely be left in the dust soon as gas prices accelerate toward levels that could approach $4 a gallon, though most analysts believe prices will peak below that psychologically significant mark. In its last forecast, released last month, the Energy Department said prices will likely peak around $3.40 a gallon this spring; a new forecast is due Tuesday.

1 comment:

Anonymous said...

which candidate will save us from higher gas prices?