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May 17, 2007
Gas prices shoot past Katrina-level records to new high
Not but two weeks ago, national gas price averages got to the $3 a gallon level, and the question was whether the summer gas peak had happened early or if we were looking at a record-high season for gas prices. Guess which one we can now confirm? If we take a look at the Energy Information Administration's gas price averages going back to 1983, it's clear that this week we're seeing the highest prices on record. Ever. Their average is $3.143 a gallon. The last time prices were close to that level was $3.117 back in September 2005 (right after Hurricane Katrina). The EIA creates their average using all grades of fuel. AAA's current average for regular-grade fuel is $3.103. So, how are we driving smarter now?
Ouch!!! We've definitely got to start taking some serious steps toward energy independence in this country. This is beyond ridiculous! Even if you don't believe in peak oil or anything like that, you have to admit paying $3.14 a gallon is killing the American economy. Every dollar spent on gas is not being spent on other things that Americans usually buy with their free cash. It's just going to have a draining effect on the economy. It definitely could lead to a long summer. If you haven't looked into buying a Hybrid folks, you should start looking now.
Read more over at AutoBlogGreen.
Posted by Jamison at May 17, 2007 10:56 AM
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Comments
I'm glad school is almost out.
Posted by: mums at May 17, 2007 6:15 PM
And now, I'm almost, almost regretting the purchase of my F150 over a hybrid. Luckily, I only drive 5 minutes to work and my wife can stay under 20 miles a day. I cannot imagine driving the hour to work that most of the guys in my unit do every day. That's to work, at least an hour and a half with traffic back to their homes.
If there's anything I'm ticked at the government over it's the prices of gas and illegal immigration.
Posted by: Wayne at May 20, 2007 10:18 PM