I usually don't post twice in one day, but this is an emergency alert! We have been experiencing gas prices getting lower and lower. I've enjoyed that! But this one company, GasBuddy, is warning that the lower prices could mean an end to the drop in prices once the tourist season begins. That SUCKS!!!! Better fill up those cars and keep them filled. Me, I have a job to do this summer. I have to make a trip down south for a while, but once we come back, we are going to take it easy for the most part. I'm not really looking foreward to it because I hate California!!! But this is a business trip. I want Trisha to come with us and she said she might, which is good, she knows more about how to do this shit than I do!! Anyway, this is the article I bumped into.
http://money.cnn.com/2008/12/14/news/economy/gas/index.htm?postversion=2008121409&eref=rss_topstories
Uh-oh: Gas prices on the rise
After eighty-six consecutive daily declines, the average price of gas nationwide has now increased for the past two days. Have gas prices bottomed?
NEW YORK (CNNMoney.com) -- Gas prices rose for the second consecutive day following eighty-six consecutive declines.
The motorist group AAA reported Sunday that the national average price for a gallon of gas rose to $1.663 a gallon from $1.66 the previous day. The reports are based on a daily survey of credit card swipes conducted for AAA. The average price of gas was $1.656, according to AAA's Friday report.
During the nearly three months that gas prices were falling, prices decreased by $2.199 or 57 percent. The current national average is now $2.451 below or 59.6 percent off the record high price of $4.114 that AAA reported on July 17, 2008.
Two states still have average regular unleaded gas prices of $2 and higher. The highest gas prices are in Alaska, at $2.689 a gallon. The remaining 48 states and the District of Columbia have regular unleaded gas prices below $2. The cheapest gas prices are in Missouri, at $1.477 a gallon.
On Friday, Jason Toews, co-founder of GasBuddy in Minneapolis, warned that gas prices may be bottoming out.
Lower gas prices are starting to spur demand in many areas, which could mean gas prices will pop back up again when the spring and summer driving season hits next year, according to Toews.
"Enjoy the gas prices while they're here," he said.
Since July, the price of gasoline has fallen along with the price of crude oil, gas's main ingredient. Crude has fallen more than $100 a barrel since July as investors worried that the U.S. economy was consuming less fuel.
However the decline in the price of crude may be setting us up for a gas price "super spike" in two to four years, said Toews.
"A lot of oil fields are not economical at these lower prices," he said.
As crude prices have fallen, oil companies have cut back on exploration, and shut down production at expensive operations like the oil sands in Western Canada.
"Once demand comes back, it will make supply even more tight," said Toews.
And the greater the current recession is, the greater price spike we may see in the future, since the lower oil prices are, the more oil companies cut back, he added.
Diesel: The price of diesel fuel, which is used in most trucks and commercial vehicles, continued to slide, however.
The average price of diesel dropped to $2.552 a gallon, according to AAA's Sunday survey, from a nationwide average of $2.561 the previous day.
Diesel prices have fallen more than $2 a gallon since hitting a record high of $4.845 on July 17.
Ethanol: The price of E85, an 85% ethanol blend made primarily from corn, also fell slightly, to $1.521 a gallon in Sunday's survey from $1.527 a day earlier, according to AAA.
E85 can be used in place of regular gas in specially configured "flex-fuel" vehicles, but it is not readily available in some states.
The AAA figures are state-wide averages based on credit card swipes at up to 100,000 service stations across the nation. Individual drivers may see lower fuel prices in different areas of each state.
CNNMoney.com's Kenneth Musante contributed to this story.
So what about Obama's promise to help the economy? Do they think that promise holds any slack? I hope it wasn't a trick Obama used to get his ass into the White House. I would like to be wrong about Obama, now more than anything. But I guess we shall see.
4 comments:
I know you hate California, I cant stand the people there too. But I asked you if you would rather go to Yellowstone and you said no. You want to hit the big cities, and CA has more of them than we do here, and in Yellowstone.
The truth is that I am scared, especially if we have to go to LA. I dont feel safe there. There are too many gang members in that town and I somehow feel we will not come home alive.
They do have some fairly good size towns here and in Idaho and Montana, but at least they are safe. I can walk into a store and not worry about getting shot at.
Dont get me wrong, I love it when we go to CA. Its a lot of fun and I get to see new things there, and I especially love the scenery. I would like to get a pic of Mount Shasta while I'm there. As far as safety is concerned, I hope we can come up with a plan to keep us safe.
But I hope, we can reconsider and go to Yellowstone instead.
Oh don't hear me wrong, I have friends from CA. Not all of the people there are gangsters and psychos. I'm just scared myself. Let's see how well we fare in Portland, if I can survive there, I can survive LA, I think.
The high cost of fuel this past year did serious damage to our economy and society. After a brief reprieve gas prices are inching back up again. Our nation should not allow other nations to have such power over us and our economy . We have so much available to us in the way of technology and free sources of energy. WE seriously need to get on with becoming an energy independent nation. We are spending billions upon billions in bail out dollars. Why not spend some of those billions in getting alternative energy projects set up. We could create clean cheap energy, millions of badly needed new green jobs and lessen our dependence on foreign oil all in one fell swoop. I just read an eye opening book by Jeff Wilson called The Manhattan Project of 2009. It would cost the equivalent of 60 cents per gallon to drive and charge an electric car.If all gasoline cars, trucks, and SUV's instead had plug-in electric drive trains, the amount of electricity needed to replace gasoline is about equal to the estimated wind energy potential of the state of North Dakota. Why don't we use some of the billions in bail out money to bail us out of our dependence on foreign oil? This past year the high cost of fuel so seriously damaged our economy and society that the ripple effects will be felt for years to come. www.themanhattanprojectof2009.com
Ok I have a solution. And its not www.themanhattanprojectof2009.com with electric cars! LOL...
Anyway I like low gas too, so I looked around and found Petrofix.com. I was looking for GasBuddy when I ran into in. $1.758 for a year...and I won't get mad when I watch 60 Minutes now!
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