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Monday, July 24, 2006

Welcome to the party!

In the news today:
Gas Climbs Above $3

July 24, 2006 — The Department of Energy said today that the national average price for a gallon of regular unleaded is now just above $3 — 1.4 cents higher than the price a week ago. Continued high crude oil prices have driven the increase.

The only time the average price went higher was immediately after Hurricane Katrina knocked out a third of the nation's refining capacity last year. At that point, the price of the average gallon of gas was $3.07.

If you compare the price to the same time a year ago ($2.29), you'll see that consumers are paying 31 percent more today to fill up.
Here in Los Angeles, it's been that way for three months.



And it's a real issue for many, causing strain on household budgets. It'll be interesting to see how the rest of the nation handles it.



4 comments

If Bush were a shepherd, the pric if woll would be super high. If he were a hooker...

By Blogger brainhell, at 7/26/2006 10:06 AM  

It would be nice to compare that graph to the first 6 months of 2002, 2003, 2004, and 2005, just to see if there is a pattern.

By Anonymous Anonymous, at 7/26/2006 5:05 PM  

Possibly "the rest of the country" will feel the same way they feel in Wisconsin and other states wehre the price of gas (currently about $3.20/gal in the MIlwaukee area, down a bit from $3.30 last week) feel…

Judging by what I see around here: they feel resigned and it's not motivating them one way or another

By Blogger Lettuce, at 7/26/2006 5:50 PM  

It all sounds pretty inexpensive to me. Current prices here the equivalent of around $6.50 / gallon!

By Anonymous Anonymous, at 7/27/2006 7:59 AM  

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