Posted by admin on November 23, 2008
The state you live on has a lot of effect on how much you pay at the pump. For example, if you’re on an island trip to Maui, expect to pay close to $3 a gallon currently (even after the huge drop in gas prices). Alaska is really expensive too, even though a lot of drilling is done there.
Among the cheaper states are Texas, Wyoming, and Colorado. Those states are well less than $2/gallon.
Even if you are in a more expensive state, it’s much better than Europe. There, because of high taxes on fuel consumption, gas is well over $4/gallon, often around $6/gallon when gas prices get expensive!
Posted by admin on November 6, 2008
After reaching almost $150 barrel, oil has plummetted, down to the $60-$70 range. Some say oil may even fall below $50.
Unfortunately though, the reason oil has fallen so precipitously is because of the global economic slowdown. Everyone is cutting back spending and production, so oil is still falling.
At the very least, this means we all have to pay less at the tank. Of course, we have less money to begin with, so it’s a bit of a phyrric victory. Once the economic slowdown ends and things go back to normal, we will likely have to deal with higher gas prices.
Just because gas prices have fallen doesn’t take away the need to get better gas mileage. We sure don’t want to be caught unprepared again!