An alternative title to this could have been, “Another good reason why I am glad that I do not own a car.”
Anyhow, in addition to clothes and everything else, gas prices are rising:
Gasoline pump prices reached a 28-month high today even though oil and gas supplies in the U.S. continue to grow and demand for gas is weak.
The national average for regular gasoline rose to $3.133 a gallon. That’s about $1.20 more than the price at the pump two years ago, according to AAA, Wright Express and the Oil Price Information Service.
Just eight states have average prices less than $3 a gallon. The cheapest is $2.94 a gallon is in Missouri. Hawaii has the highest average of $3.746 a gallon.
Tom Kloza, OPIS chief oil analyst, predicted gas prices will range from $3.50 to $3.75 a gallon this spring and then drift lower, to between $3 and $3.40 a gallon.
“I do believe that this year is front-end loaded,” Kloza said. “I think that perhaps the first third of the year sees higher retail prices for gasoline and diesel than the middle or final thirds.”
Average gas prices have climbed steadily from about $2.80 a gallon in November even though consumer demand has been weak and inventory levels remain high. The Energy Department said today that supplies of crude and gasoline both rose again last week while distillates, which include heating oil and diesel, declined. All three products are at or above the average range for the past five years.
Demand for gasoline remains weak and may be getting weaker. In its weekly survey Mastercard SpendingPulse said gasoline consumption across the country fell 3 percent last week compared to the week before and suggested that higher prices may be discouraging driving and trips to the gas station.
via Gas pump prices hit 28-month high | detnews.com | The Detroit News.
Not one word in that article mentions inflation of our currency. That is why gas prices are going up; plus too, there is a bit of instability in the Arab World right now. Put that all together and you are paying a nice price at the pump.
To be quite honest, I do not own a car, at the moment. I had to junk mine, it had just too many issues. Honestly? I am kind of glad, that I do not own a car. To me, that means less money spent at the pump. 😀