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Gas prices have increased ... again

Gas Prices Have Increased ... Again
If your daily commute involves four wheels, you've likely noticed the pain at the pump.

'The price of gas going up. The national average has jumped 22 cents in the past month alone. It now stands at $3.49 a gallon.'

If the frustrating trend doesn't end soon, 24/7 Wall St. says we'll be repeating history.

'If the rise continues, the price could soon be back to ... where it was a year ago.'

'Good Morning America' reports one cause of the jump could be turmoil overseas.

'Gas prices up 10 cents in just the past two weeks, largely because of the crisis in Ukraine.'

As The Telegraph points out, Russia provides about 30 percent of Europe's gas, with much of it going through the Ukraine. This has led to fears of possible shortages or a spike in prices, especially if the conflict in the Ukraine escalates.

Even before the crisis overseas, gas prices were on the rise in 2013 - perhaps part of the reason more Americans are relying on public transportation.

'A new report says nearly 11 billion trips were taken last year. That's the most since 1956.'

That number includes rides on public buses, trains and subways.

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jrkastl March 11 2014 at 1:21 PM

What a bunch of crap , i wish i could raise my prices anytime the dog farted . Maintenance , Crimea , The sun rose in the east , the sun set in the west . Excuses BS , Look at their PROFITS .... Give us a BREAK we aren't IDIOTS !!!!!!!!!!!

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suesnyder7 March 11 2014 at 9:04 AM

The quest for clean energy is honorable and wise, but we cannot continue to make our fellow Americans suffer while we continue that quest. Right now with the continued high unemployment that we are facing in this country (U-3 rate is 6.7, U-6(real unemployment) rate is 12.6 per CNBC news) we need to be doing things in this country that will (1) put Americans to work, and (2) ease the pain at the pump, in home heating systems, etc. We should be pursuing ways to provide "affordable" energy until we come up with clean energy that really works and is sustainable. BUT any solution we come up with needs to be used here in the USA first to bring down our cost.

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Mark Harrison March 11 2014 at 9:05 AM

Everytime gas prices spike, members of the Flat Earth Society start complaining that the global market shouldn't affect us, that the US is now producing more oil than ever so prices should be low, the President is responsible, the Keystone Pipeline will cure everything, etc. At least one commentor knows the facts. Oil prices are determined by speculation on the price of oil at least a month ago or more and conflicts around the world affect today's speculation price on the worldwide exchanges. The actual price of a barrel of oil today is what will reflect the pump price of gasoline next month. Economics 101. As simple as that.

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2 replies
evopig1 Mark Harrison March 11 2014 at 9:16 AM

so supply and demand are inconclusive?

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stevenjonessales Mark Harrison March 11 2014 at 9:19 AM

Great post.

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hotspringspark March 11 2014 at 2:53 PM

Thank you Obama. When you took..(emphisis on "took") office gasoline was $1.80. You are the one who was going to fix EVERYTHING.

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2 replies
wtesidewls68 hotspringspark March 11 2014 at 3:02 PM

You mention when Obama took office that gas prices were $1.80, but you left out one big detail, the reason why that was happending was because the economy was tanking. Before gas prices started drop gas prices were about $3.99 and even $4.00 in some places. But it is not a huge surprise you failed to mention that as it seems conservatives have total amnesia about everything before the 2008 elections. I would want to forget it to if your man screwed things so royally!

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Richard hotspringspark March 11 2014 at 3:08 PM

are you really that stupid? you idiots, pre/baggers with tricky dickey and kissmyassinger set up OPEC for the saudis and big oil. try reading history sometime instead of limblow and faux!!

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Dennis March 11 2014 at 1:26 PM

That's a joke! Nonsence! Gas should not be more than $1.50 or less per gallon....afterall..we have the resources in the USA....we do not need anyone else.....so WHY????????????

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1 reply
Jim Marcum Dennis March 11 2014 at 1:50 PM

How does corporate greed sound for a reason Dennis?

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page114 March 11 2014 at 1:28 PM

The gasoline idiots think that excuses they use(and they find every excuse possible) are fooling people in believingaise prices. That is total BS and always has been. The faster we find an alternative energy the better. When they raise the price of gas to unreasonable,it gives incentives to research alternative energy. So kep raising and when solar powers cars,the gas folks will be looking for work. It will happen and raising prices escalates it.

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page114 March 11 2014 at 1:34 PM

The USA is the biggest buyer of gasoline. Buy in volume and save. Europe buys a small percentage of what we or China does

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chiefy1942 March 11 2014 at 9:19 AM

What the hell does Ukraine have to do wit it. We are exporting gas and oil. They are just ripping us off with out a gun. Don't re-elect encumbents.

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rdarby1040 March 11 2014 at 9:20 AM

excuses...excuses...excuses....tell it like it is more profits are wanted and they can do it because they can. i guess just grin and bare it .

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cherylhaass March 11 2014 at 9:21 AM

Seen any poverty-stricken Arab sheiks wandering the streets of NYC lately? Seen any decline in the gas taxes recently? Q: How does the gasoline get to the station? A: In trucks. Checked the price of diesel fuel today? It used to cost less than gasoline. There's no shortage; I survived the gas shortages of the 70's. No lines, no rationing, no shortage. As all costs to Americans go up due in large part to the Fed printing money like a teacher with her first mimeograph machine, the prices at the pumps will follow suit.

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