Gas prices, something just by saying those two words make me cringe. It is remarkable how much gas prices have gone up throughout the years. I mean where has time gone that gas prices are almost hitting four dollars. Yet, there is no way around it, it is a necessity that the one’s with cars are unfortunate enough to have to buy. In this article “Libya crisis sends U.S. gas prices up 33 cents in two weeks” it talks exactly what the title says, up 33 cents in two weeks! Did this really happen? It is said to be the second biggest two-week jump in the history of the gas market. And the funny thing is, this is the time where must of us are in need of refueling, how ironic that works out.
There was a Lundburg Survey, publisher Trilbey Lundberg on Friday, that took place in many cities to see how it has impacted the difference in gas prices.It showed that the average price of self-serve unleaded gasoline at $3.51, which I s an increase of 32.7 cents from the last survey that was taken two- weeks prior. This has been the biggest increase in gasoline since the 38-cent hike between August and September 2005. Which was due to Hurricane Katrina and the damages that was caused by this natural disaster. But this time around nature is not at fault, Libya being one of the countries that is the U.S. suppliers, is having this “civil war” which is created this problem. It is the fight between opposition forces and the Libyan leader, Moammar Gadhafi’s troops. Lundeberg expects that the gas prices will continue to rise.
Libya is not one of U.S.’s top suppliers of oil but global economics link this event to the damages that are happening to us in the gas market.
The current average price for gas right now is at $3.51, which is 61 cents below the all- time high in July 2008. But today’s prices are 78 cents higher than a year ago. And the gas demand being one of the reflections of U.S. economy, this is not a good sign.
Our economy is at its lowest point and with the gas demand being so high how are we able to move up from this. Our jobs, our everyday living are being affected by our economy and this seems to be an issue that will remain for a while.
This is a time were we need to act responsible and not careless with our money and our gas and think of different ways we can make things work for the best.
http://www.cnn.com/2011/TRAVEL/03/06/gas.prices/index.html
