April 8, 2014
As summer comes into bloom and driving becomes more vogue the price of gas is rising. The cost of gas will impact how far and when consumers will travel. Divers have a profound long-term relationship to fuel so as “Gas Prices Continue to Climb toward $4 a Gallon: Ways to Save Money” is a necessary step to happy trails.
As you watch the price of gas it continues to rise quickly. “The average price of $3.61 a gallon this week, up almost 5 cents from last week according to the most recent gas survey from Lundberg Survey Inc. This is the highest that gas has been since July 26, 2013, although the average price is about 4 cents lower than it was the same time last year. The 2013 low was at $3.18 a gallon. The Lundberg Survey queries 2,500 gas stations around the nation to get its average price.”
Consider, those living in “California who have the highest prices “in the lower 48 states at over $4.00 a gallon, inching up to $4.04 a gallon this week. This is nearly a $0.40 increase per gallon since mid-March. Montana continues to have the lowest average price at $3.20 a gallon. Fuel inventories have fallen for six straight weeks according to the Energy Information Administration data. They fell an additional 1.57 million barrels during the week that ended on March 28, and now sit at 215.6 million barrels. This is the lowest level since November 2103,” post Saving Advice.
Why do gasoline prices continue to climb? “With the warmer weather of Spring, more people are out driving. Gasoline supplies are also lower at the same time of higher crude costs. For states that require an ethanol mixture, higher corn prices have pushed its price some 60% higher from the same period in 2013.
Consider, the short and long-term effect on rising gas prices.The effect causes increases in overall resources. The present cost of gas is worth evaluating as summer comes into season. The cost will have economic impact and cause a decline in spending and savings. Look at your wallets as money will be as ether, burning quickly. The increase in gas prices is unsustainable.