General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsGas prices are at a seven-year high and expected to keep rising.
You may want to get used to higher prices at the pump, at least for now.
As of Monday, the average cost of a gallon of gas was $3.30, up 7.5 cents from a month ago and $1.08 higher than a year ago, according to fuel savings app GasBuddy. By Tuesday, the average had crept up to $3.32 a price not seen since 2014.
"It just continues to go up," said Patrick De Haan, head of petroleum analysis at GasBuddy. "I think it's just a matter of time until we get to $3.35 and maybe $3.40 until things get caught up."
Global demand for oil remains high, yet supply remains tight. The cost of crude is above $80 a barrel, according to AAA. In August, the price per barrel was in the low $60s. Crude accounts for roughly half the price of gas.
The states with the highest average per-gallon prices are California ($4.45), Hawaii ($4.13) and Nevada ($3.90). The lowest average prices are in Texas ($2.92), Oklahoma ($2.94) and Arkansas ($2.97).
https://www.msn.com/en-us/money/markets/gas-prices-are-at-a-seven-year-high-and-expected-to-keep-rising-how-to-save-at-the-pump/ar-AAPIt0i
I paid $3.25 a gallon last week.
4Q2u2
(1,406 posts)Gas is thru the roof for a Democratic President.
Who does Big Oil love to see in the White House again?
CountAllVotes
(20,868 posts)n/t
Yo_Mama_Been_Loggin
(107,837 posts)I got gas at the Mill Creek Fred Meyer last week. $3.25 was with the rewards discount.
CountAllVotes
(20,868 posts)Near the coast.
Yo_Mama_Been_Loggin
(107,837 posts)I'm north of Seattle.
CountAllVotes
(20,868 posts)Needless to say, people aren't driving a whole lot, myself included! My old car gets about 20 MPG.
AngryOldDem
(14,061 posts)I just paid around $3.25 in central Indiana. Were at the mercies of the refineries in northern Indiana, too, so our prices could go through the roof.
Heres where I wish we had metropolitan transit. But our dumbass legislators think its a bad idea.
Walleye
(30,996 posts)Fortunately Im retired and dont have to drive anywhere. I remember the last time gas prices were as high, I was doing a lot of driving and our company was being very stingy with mileage allowance. At this point Id like to see renewable energy get a boost, So selfishly, Im not worried about gas prices although I know they will be a drag on approval ratings. Plus when the price gets too high theyll bring it back down because they know electric vehicles are in the future
bullwinkle428
(20,629 posts)Joe Biden along with the Democratic party have nothing to do with the price, and despite all the good things the party has delivered and may still deliver for all Americans.
I hate that this is probably the most "Debbie Downer" post of the day at DU, but it's still a cold hard political reality.
forthemiddle
(1,378 posts)Forecasts for heating bills this winter is 30-50% higher than last year.
BannonsLiver
(16,342 posts)Its more about the overall picture of the economy. The impact of gas prices is largely overrated.
DFW
(54,325 posts)Across the border, about an hour west of us, it's even higher.
twin_ghost
(435 posts)Driving a gas guzzling car or truck is a privilege not a right.
LeftInTX
(25,201 posts)Gasoline has increased by almost one dollar/per gallon at the pump.
Last month, I was paying $2, now I'm paying $3....
Justice matters.
(6,925 posts)Link: https://climate.nasa.gov/vital-signs/global-temperature/
Fuel consumption must decline. We are in a global emergency.