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Gas Prices on the Rise Again

January 12th, 2009 Leave a comment Go to comments

It looks as though the low gas prices are going away.  CNN is saying that gas prices are going back up after sliding down from the July 11th High that has hurt so many and aided in the economic crisis we are in now.  Though the gas prices going up is a good sign for gas and oil workers in the south as that means the demand for more fuel is rising.  Typically the winter months begin the rise up to the spring and summer travel season meaning more fuel.  This could be s sign of a strengthening economy.  When the demand goes up for fuel so does the demand for support of goods to supply.  Though this is only a hope for a need to supply jobs.  For me the gas industry directly effects my family.  If the off shore wells are in production that means my family business of making pipe for oil wells and pipeline is needed.  So in turn th gas price is a god send to support my family.

But rising gas prices are going to hurt others that are already hurting and don’t work in the industry.  So as a socially responsible citizen I try to transfer the funds to companies that make goods here.    So my buy American Attitude is in full swing.

I doubt the projection of $1 a gallon gas is probably not going to happen.  That failure is probably good.

Check out the CNN.com Artilce

Gas-price slide shifts into reverse, rises 12 cents in 3 weeks

(CNN) — The U.S. average price for regular unleaded gasoline rose by nearly 12 cents in the past three weeks, marking the first increase in six months, according to a national survey released Sunday.

“It is the first rise since July 11 last year when prices hit their all-time high,” said Trilby Lundberg, publisher of the survey.

The average price of self-serve regular unleaded gasoline is $1.78, according to the Lundberg Survey, which is based on responses from more than 5,000 service stations nationwide. The latest survey looked at prices January 9.

“The price had to hit bottom sometime,” Lundberg said.

She said part of the reason for the price spike is recent indications of production cuts among OPEC members, which are aimed at driving up oil prices during a time of year when there is a decreased demand for gasoline.

“January historically is the lowest gasoline usage month,” Lundberg said.

Despite the increase, gas prices are still $1.29 lower than they were on January 11, 2008, she said.
Drivers in Billings, Montana, had the cheapest gas on average, paying $1.34. Motorists in Anchorage, Alaska, paid the most, at $2.32.

  1. Jeff S
    January 12th, 2009 at 12:05 | #1

    I don’t know whether those numbers are purposely skewed, or we in the Chicago area are just being hit much harder than the rest of the nation. Over the course of 2 weeks (stable for the past week), the price of unleaded went from $1.65 to $2.09 at most stations outside of the city. I know our prices are higher than most of the nation, but its strange we’ve seen a $0.40 price increase in the same timespan.

  2. January 12th, 2009 at 19:08 | #2

    Check out the Gloom & Doom network.. Once more CNN jumps on yellow press that claims the rise in gas prices is justified by an increase in crude oil prices… However, there isn’t an increase according to CBS News…
    In fact, the price of crude oil has again dropped below $40/barrel. Come On!!!! Stop the lies, quit supporting cheating speculators… We don’t have jobs and life is bad enough without bad journalism pushing prices higher. Truth in advertizing is a must.

  1. January 12th, 2009 at 04:48 | #1