GAS MAY COME DOWN
Since we rely on it everyday, it is not surprise that interest in gasoline is so high and the public debate is so lively. It is a vital product and consumers are understandably sensitive to gasoline prices. With price signs in many parts of the world on every main street, every small change is instantly visible. During the third week of April, consumers started noticing a change in the price of gasoline, it was beginning to drop. An articl in the New York Times states that according to the United States Energy Information Administration the price for gasoline declined 4.3 cents, but is still 42 cents higher than it was a year ago. In the city of Cleveland, Ohio consumers saw a price of $2.07 a gallon. According to the Energy Department this decline will not last long. They predict that consumers will see a rise in the up coming month of May to $2.35 a gallon. Senator Charles Schumer of New York suggested that oil from the country's backup petroleum stockpile be put into the market to in hoped that it will help the decline of gasoline prices. Pump prices are highest on the West Coast averaging about $2.53 a gallon, and the lowest in the Midwest States averaging about $2.15 a gallon. To read this article go to http://www.nytimes.com/reuters/news/news-energy-gasoline-price.html
9 Comments:
At 12:04 PM, skeeter said…
The rising price of gasoline is a major concern for everyone. People are holding on to their hopes that prices will go down, but I don't see it happening. Everything that you read or see is a sure indication that prices will only get worse. I have read things in the past on how different leaders in the country want to tap into the nation's stockplie, and I think that would be a great idea not only to help Americans get some cheaper gas but to also make the government see that Americans are fed up the outrageous prices and they will do what it takes to prove it. I read a blog a while back on a similar issue, and the price of a barrel of crude oil is not that much different from the late 70s, but the big boys on Wall Street can do what ever they want with the price of gas just as long as they make their 1-10 million a year. My personal vehicle is Ford pick-up with a diesel engine, and I pay roughly about $2.24 a gallon, and the people that operate diesel engines are the ones really getting the short end of the stick, because diesel fuel is a much lower grade of fuel than gas because it has not been refined. I don't foresee any major drop in the price of gas in the future, other than maybe a few cents here and there, but I do believe that prices will continue to rise. Also, if we could get into the nation's stockpile, it I think it would slowly lower gas prices and make some of the Wall Street and government officials wake up and smell the roses.
At 3:38 AM, Brad Grier said…
The only thing to remember about the rising price of gasoline prices is this: complaining about them is about as useless as a fart in a windstorm because it doesn't do any good. Although they might come down, it wouldn't be all that much. However, something is better than nothing.
At 8:40 AM, alabama said…
I believe these prices are controlled by something else than supply and demand while refineries in the south are being paid to not operate in full capacity, something is wrong. Some big executives are keeping the prices as high as possible, serious problem that will not be solved until these big shots are cought in the act.
At 3:36 PM, jst6658 said…
Why is it that the country that put a man on the moon and "invented" the Internet has been unable to come up with a "reasonable" alternative fuel to gasoline? Could it be that the powers that be want it that way? Call me cynical, but I believe with all of today's technology that there should exist an engine that operates on something as simple as water. Exactly how much do the petroleum and auto industry lobbyist spend influencing our lawmakers each year?
At 1:29 PM, anxious said…
I still believe that if we were not at war with our main supplier, than the oil supply may be greater. Nothing is being accomplished by this war, maybe Bush should call off the war and then we might see some change in the gas price!
At 5:39 PM, Waltham said…
The price of gas will never remain constant. This idea does not seem to be understood by many people. Many peoples economic choices are made on the thought that energy prices will be fixed. Choices like, vehicle purchases and the ammount of disposable income consumers budget. Genarally income and inflation can compete to result in not mutch of a significant difference. The price of gasoline is not set at a fixed rate. Many different variables controll the price of fule. The changes of, controll the price of the products availabe. Thoes who do not understand this principal are exactly the people who are suffering from panic, heated disscussion, dizzyness, lack of controll, and off the wall theories who American consumers should blame. If you seem to experience any of the symptoms above, immediately discontinue the use of any petrolium products!
At 2:58 PM, symonekayla said…
The thing we must realize is no matter if it is $2.15 a gallon or $5.00 a gallon we need it in order to get back and forth. I agree that Americans are fed up with the outrageous prices of gasoline and something must be done.
At 8:18 PM, Monty said…
Gas is something that no one seems to be able to be with out. The demand for gas does not seem do go down much every time the prices are raised, so why should the suppliers lower them down again when they obviously can make more money with higher prices. Unfortunately I ´don´t see the prices go down any time soon.
At 2:30 PM, dlean said…
Hopefully the rise in the price of fuel will shift the focus to alternatives. Gasoline is not going to last for ever and if we don't do something about it now our kids will pay the price dearly.
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