What’s Up With Gas Prices?
No doubt I’m not the only person was noticed a gas prices going up lately. It seems like it was less than a month ago when gas prices locally were around $2.60. Today gas prices locally are at $2.92 a gallon. What the heck is going on?
Supposedly, gas prices are up anywhere from 55% to 67% from the same period last year. Even though the demand for gas is less, and we haven’t reached a peak periods of use that usually begin in the spring and last of the summer, the price of crude oil has been going up. Heating oil is also going up, which is bad news for those of us who live in cold climates and, if you think about it, pretty much a lot of people around the country who have been experiencing temperatures colder than normal over the past couple of weeks.
This kind of thing feels like piling on when we think about the high unemployment rate, the terrible housing market, and the rising cost of food stuffs. It also points out once again just how volatile the commodities market can be when it comes to things like oil. All of us honestly remember that it was only a couple years ago when gas prices were hovering around $4.25 a gallon. However, when prices fell in my area, which is the central New York area, fill the gaps around $1.50 a gallon, as were usually above the national average. So, for this area, have gone up about 50%.
I know there’s nothing we can do about this, and things like boycotting gas stations is probably some of the stupidest stuff you’ve ever heard of, but it’s at times like this that the liberal part of me wants to say let’s start mining those areas around the United States, including Alaska, and get our own oil and totally cut the Middle East out of the process. The prices would certainly come down, but the other part of me would hate to know that we had contributed to the razing of such a pristine natural resource.
So, I guess we just have to deal with the reality of oil prices being at higher than $82 a gallon for the time being, and strangely enough have to hope those prices come down and that people lose money on their investment so that the rest of us can enjoy cheaper gas prices again. I’ll say it: this stinks!