Gas Prices

Recently, the media informed all of us that we should expect considerably higher gas prices in the next few months. My questions is this: in comparison to what?

I have been collecting gas receipts for the last three years. Here is a gander at the meteoric rise of gas prices.

11/13/08 ........... $1.98
11/20/08 ........... $1.85 (And, that was high!)
12/08/08 ........... $1.56
12/16/08 ............ $1.69
12/22/08 ........... $1.53
1/08/09 ............. $1.69
2/13/09 .............. $1.31
3/12/09 .............. $1.77
4/06/09 .............. $1.89
6/14/09 ..................... $2.43 (What happen?)
6/24/09 ..................... $2.44
7/31/09 ..................... $2.37
8/14/09 .................... $2.35
9/03/09 ................... $2.53
10/23/09 ................. $2.57
11/24/09 .................. $2.47

1/14/10 .................... $2.69
2/12/10 .................... $2.55
3/27/10 .................... $2.69
4/11/10 .................... $2.75
5/28/10 ................... $2.61
6/28/10 ................... $2.66
7/11/10 .................... $2.45
8/12/10 ................... $2.62
9/12/10 ................... $2.45
10/07/10 ................ $2.75
11/15/10 ................. $2.75

1/4/11 ..................... $2.88
2/24/11 .................. $3.25 (Wow!)
3/14/11 .................. $3.21
8/12/11 .................. $3.59
11/27/11 ................ $3.07

1/09/12 ................. $3.25
2/4/12 ................... $3.29

Hard to believe that not even four years ago we were all paying well under $2.oo a gallon. Once the price of gas went past a certain threshold it never went back down past that threshold again. Now, we sit at over $3.00 a gallon and are being told to expect another big jump in price. The last two times we had a big jump in price the price never did go back down to the price before the jump, Based on past history, expect a big jump and expect the price to stay right there.

With prices like these, it might be a good idea to take a Sunday afternoon walk instead of the Sunday drive. Blessings!