Monday, May 07, 2007

Hit us where it hurts.

This was a scary article on cnn.com today about gas prices. Scary, but not surprising:

    NEW YORK (CNNMoney.com) -- With gas prices near record highs, experts say $4-a-gallon gasoline is just around the corner.

    "I think it's going to happen," said Phil Flynn, a senior market analyst at Alaron Trading in Chicago. "Unless things change dramatically, I think we're going to see $4 a gallon."

    Already, prices in California average $3.48 a gallon, according to the motorist organization AAA. And one service station in San Francisco was charging $3.95, according to GasBuddy.com, a handy site that lists the cheapest and most expensive gas stations by city and state across the country.

    Refinery problems and strong demand are the two main reasons cited for the runup. Prices hit a record high of $3.07 a gallon, according to the Lundberg survey released Sunday.
Every time I read an article like this, it makes me more and more thankful that I drive a Honda Civic Coupe. And I pray more intensely for those of you who own SUVs.

1 comment:

Brad Boydston said...

Wow. We're only paying $3.23 out here on Guam. I guess we got out of California just in time. :-)