AAA says that U.S. gasoline prices hit a record on Tuesday and will probably keep climbing into the summer, according to Reuters.
Average regular gasoline prices touched an all-time high of $3.227 per gallon, up 27 cents in a month and surpassing the previous peak hit in May 2007, AAA said in its daily survey of more than 85,000 self-serve filling stations.
The travel group said it expected pump prices to rise further in the coming months, breaking above $4 a gallon in some areas by summer, when road travel typically peaks.
Are you prepared for $4 a gallon gas this summer?
Retail gasoline price hits record: AAA [Reuters]
(Photo:REUTERS/Mario Anzuoni)
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It’s sad that it takes a monetary increase for people to care about their oil consumption, too bad the health of the environment isn’t enough. I understand that our capitalist country runs off consumption but we could try and be a little conscious about it.
@courtneywoah: That’s simply b/c the externalities of SUVs, etc., aren’t captured under our artificially tweaked economy. These polluting, inefficient industries don’t have to pay for the damage they wreck (kids do instead: yipee!), localities and us.
Energy companies, the SUV makers, etc., wouldn’t rake in the profits they do if it weren’t for their interfering with the marketplace.
Makes it snickericious when the “Free Market” types defend a broken, inefficient and dishonest economic system. But it’s okay: their children will be screwed too. Hope they’re still around by the time their kids wise up and spit in their enfeebled eye.
@HeartBurnKid: That works for me…I hate beets as a ‘food’ source
@courtneywoah: I’m sure that more people care about the health of the environment, but the corpo-government (brought to you by big oil) has done everything possible to squelch any viable (or possibly viable) alternatives…keeping oil as the only game in town.
It’s already been said that if we hadn’t invaded Iraq (over oil, grow up), the money we wouldn’t have pissed away could have been used to all but eliminate our dependence on oil by converting our economy to alternative energy. But the problem is that once the conversion is made, these monster profits for the energy companies won’t be there anymore.
And now today I read that this big run in pricing is happening IN SPITE OF near-record reserves of oil.
Those of you who continue to deny that the government(s) have any hand in this need to move back to the children’s table.
Instead of flying cars, this is what we’re reduced to?
Any societal change would take years. If food costs keep rising as they have been, and especially if idiot government policies insist on corn-based ethanol, eventually farmland will be valuable enough that urban sprawl just wouldn’t be worth it. Combine that with rising energy prices, and we’ll see cities growing denser and hopefully slowing consumption.
No change for me just yet, 12 miles to work in a 27mpg car.
Time to telecommute.
I’m biking to the grocery store from now on… damn that’s going to be hard.
Everyone likes to write off ANWAR but its there and its useful. Same thing is happening in the Gulf of mexico. Guess where the ports are we ship oil into?
Why are we not drilling into the gulf?
Why cant we drill ANWAR?
Whats going on with the arctic circle…
Russia had found great oil fields but Putin killed Yukos oil…
There are answers but they need to actually implement and ignore the NIMBYS and environmentalists who show up to the protests in SUVs.
This is a good thing. If gas prices stay high until October, it means that it will be an election issue.
@Rusted: I did indeed read the article in the Atlantic but that’s not what got me thinking this way. Another good source is Jim Kunstler’s site at [www.kunstler.com] The Atlantic is way behind on this one, though ahead of most major media outlets.
@quagmire0: No, I don’t live in Chicago, I live in NYC (thus the name and ‘NY’ Giants logo). Public transit doesn’t run on fairy dust, but there are eight subway lines within two blocks of my house and they all run on electricity, which can come from hydro, nuclear, etc. and all kinds of things other than oil.
BTW, screw the Bears.
@vdragonmpc: Not for us. The oil will go to those who have hard currency.
@OsiUmenyiora: I cruise through his site now and again, found it through idleworm. He does have good points but at times I get the feeling he thinks he can stroll upon water in high summer.