Gas prices are now $4.227 a gallon. Highest since Oct. 26 (shortly before election). The price is up $.50/gallon over the past 19 days. The price has gone up for 19 days straight. Nationwide, the price has gone up for 32 straight days and the average price is $3.73. The numbers is for regular unleaded gas. Coupled with the tax hike on the middle class (FICA holiday expired), it's got to hurt. EDIT: the $4.227 a gallon is in San Diego. What are they near you?
Should be around $5 per gallon by the summer. And to think that even $5 per gallon is 50% Less than what people pay in Europe.
My guess is that the massive oil shale boom has driven up supply in the mountain states. That boom is going crazy in Wyoming, ferinstance. Without infrastructure to ship it cheaply (remember, this whole boom is pretty new) the few people living in these low-population states get a bargain.
Just posted the question on Reddit and somebody replied: Interesting. Gravity is 10 times stronger? Uh, ok.
Simple supply and demand have nothing to do with it. Oil investors, futures, derivatives...it's the whole kit and kaboodle of very advanced economics.
Isn't that what I said? I was in England about 3 years ago. Their gas was 2 pounds per liter. That's almost 12 US dollars per gallon