Sunday, February 11, 2007
Eco-friendly energy on oil companies' agendas?
In a recent article titled, "Oil companies discuss energy challenges," there are talks going on revolving around fuel-efficiency and alternative energy sources. "When some of the industry's top executives gather in Houston next week to discuss global energy challenges, finding new and more effective ways to produce oil and gas — as well as alternatives to fossil fuels — will dominate the discussion."
Go figure. It's almost like McDonalds is holding a summit on how to stop coronary heart disease.
The article goes on to say, "John Hofmeister, head of Royal Dutch Shell's U.S. arm, and James Mulva, ConocoPhillips' chairman and chief executive, are taking part in separate national speaking tours with other representatives of their companies, talking and listening at town hall meetings in places like Edwardsville, Ill., and Little Rock, Ark.
Outlining his company's 35-city tour in Houston recently, Mulva acknowledged that he and others have traditionally done a poor job of conveying to the public how their businesses operate, the challenges they face, the advances they're making.
Often, consumers' main connection with oil companies comes from filling up their vehicles or, recently, reading headlines of record profits. For example, Exxon Mobil this month shattered its own record for the largest annual profit by any U.S. company, bringing in $39.5 billion. And ConocoPhillips reported its best-ever full-year earnings, $15.5 billion for 2006.
But what folks probably don't know, Mulva said, is U.S. oil companies have invested $11 billion in North America on renewable and other forms of energy in the past five years."
It goes on with, "Mulva called President Bush's proposal for expanding ethanol use to reduce gas consumption "very well motivated," but he said industry leaders "want a seat at the table" when state and federal officials set standards for the use and development of alternative energy sources. 'We believe very strongly the best way of meeting those metrics is to determine what they are and then let the industry ... come up with the resources and plans to meet those, (rather) than have mandates saying specifically, 'You have to do it this way and that," he said."
Pardon me, but we all know President Bush is NOT the environmental protector he wants to think he is...(see my blog post regarding Alaska). Therefore, whatever he proposes, I'm sure will be a bare minimum in actually being good for the Earth. Also, we have to remember that oil companies are corporations, and therefore, have one obligation: to maximize profit for their shareholders. No wonder Mulva mentioned that "the industry" should come up with guidelines regarding alternative-energy use. If bio-fuel and ethanol are not cost-effective, guess how long it will be before those ideas are thrown out? Nice try, Big Oil.
Tuesday, January 30, 2007
You might want to stock up on water...
Fabulous. As if we want it any hotter here in South Florida, where this summer's temperatures hung out at a scorching 97*F for as long as I can remember.
"In Europe, glaciers would disappear from the central Alps, while some Pacific island nations would be hit hard by rising sea levels and more frequent tropical storms."
As we have all heard, polar bears have turned to cannibalism because of ice melting and starvation. The great tsunami that took hundreds of thousands of lives in the Asian region was catastrophic, but we hear nothing nowadays about relief efforts and what is being done to prevent further disasters of this sort. Everybody knows of Katrina, she's a household name now.
It is inevitable that this Earth is being slowly destroyed, but there are ways to slow the process down or revert it altogether. Why not recycle more so our oceans aren't as polluted anymore? Take your used batteries to battery-recycle locations instead of tossing them into your garbage cans and forgetting their consequences. Switch to cold water laundry cycles and turn the lights out when you leave the house.
All are things we can do everyday to help our struggling environment. Let's not let these haunting predictions come true..
Wednesday, December 06, 2006
What happens in Alaska won't just stay in Alaska...
The article says, "President Bush is considering whether to lift the 17-year-old moratorium on energy drilling in the waters off southwestern Alaska, a White House spokeswoman said Sunday, which would allow oil and gas companies to try to tap into more than five trillion cubic feet of natural gas that lies beneath rich fishing grounds."
Bristol Bay would be an area where drilling would happen, obstructing the habitats of sea lions, endangered whales and sockeye salmon. Many environmental groups are fighting this possible decision. "There has been widespread speculation among environmental groups and fishing industry representatives that President Bush would end the moratorium during the lame-duck session of Congress, allowing the Interior Department to proceed with its plans to market oil and gas leases in the southern section of the bay, along the north coast of the Aleutian Islands."
By using one of the last natural resources in North America for political or economical gain, one of the most pristine ecosystems could become nothing but a platform for oil. I don't think President Bush or the Interior Department get what their plans would do to the environment. All they think about is the "estimated 11,500 jobs and net benefits of $7.7 billion." The article also says the Interior Department reported that 14 oil and gas companies support the possible plan for action.
Gee, do you think the figure $7.7 billion may have something to do with those feelings?
My concern is that every last "open" space, whether it be oceans or wilderness, will be developed, drilled or destroyed all for money. While the government says it is to reduce our need for foreign oil, I say there are plenty of alternatives to traditional petroleum. Biodiesel, hybrid vehicles and electric cars are just a start.
If this plan for Alaska goes through, what's next? The Everglades?
Saturday, December 02, 2006
Wal-Mart & gas prices...is there a correlation?
The article says, "About 28 percent of Wal-Mart consumers said fluctuating gas prices had impacted their spending, according to Phil Rist, vice president of BigResearch, which conducted the survey for NRF, in a conference call on Friday. 'The real issue we are seeing is still the impact of gas prices. And even though gas prices are down from last year of post-Katrina of over $3 a gallon, they are still high and still fluctuating,'Rist said."
Wal-Mart reported that they had a 0.1 percent decrease in sales throughout November, a drop that hasn't been seen since 1996. I found this fact a bit startling, especially since Wal-Mart offers such low prices to its customers. However, I have never been a fan of the store personally and especially dislike it now after learning about its internal politics through Dr. Mark Frezzo's Sociology of the Marketplace class at Florida Atlantic University. I highly recommend anyone take this class if they are interested in how some corporations are assaulting social, economic and political institutions, as well as violating human rights around the world.
Wal-Mart is a case study our class learned about. This superstore ships and distributes all of its goods using its own warehouses and trucks. Outsourcing manufacturing to countries like China, extinguishing local competition and cutting employees' hours right before they can reach benefits are main reasons why I have negative feelings toward the superstore. The Reuters article says, "How much shoppers spend at the world's biggest retail store depends on how much money they make, Rist said. Wal-Mart regulars, on average, make $48,500 a year, $24,000 less than those who frequent Federated Department Stores Inc.'s Macy's and earn an average of $72,500 annually, Rist said."
So, apparently lower-income families shop at Wal-Mart to save money, but how come their sales decreased if gas prices were to blame? Wouldn't more people shop at Wal-Mart, including some in higher-income brackets, if gas prices were the real reason behind the store's decrease in sales?
The article goes on to say, "This year, fewer shoppers are going to discount retailers, while more are going to department stores, according to the survey." I don't know about you, but if I truly had a limited budget because of the high gas prices this year, Wal-Mart and its low prices wouldn't look so bad. Funny how shoppers are going to the mall and department stores more than the warehouse we call Wal-Mart. This leaves me wondering if there is really a correlation between fluctuating gas prices and the store's loss in revenue.
Maybe I'm a conspiracy theorist, but I hope the reason behind its loss in sales is because more people are realizing that while they may save a few dollars at the cashier, it may very well be at the expense of local community, the single mother in the blue smock getting minimum wage or the people slaving away in sweatshops in Indonesia.
Tuesday, November 21, 2006
Stop for South Florida gas here..
- Shell on Glades Road, East of the Turnpike: $2.29 a gallon
- BP at Glades Road & Butts Road: $2.29 a gallon
- Marathon on North Federal Highway: $2.29 a gallon
If you live in Delray Beach, try:
- Gas One at 4701 W. Atlantic Ave.: $2.26 a gallon
- Shell at Congress Avenue & Atlantic Avenue: $2.29 a gallon
- Mobil at Atlantic Avenue & Military Trail: $2.32 a gallon
If you live in Boynton Beach, try:
- Chevron at Hypoluxo & Military Trail: $2.27 a gallon
- BP at Hypoluxo & Military Trail: $2.27 a gallon
- Citgo at Hypoluxo & Lawrence Road: $2.29 a gallon
If you live in Deerfield Beach, try:
- Shell on Hillsboro Boulevard, East of I-95: $2.25 a gallon
- BP on Hillsboro Boulevard, East of I-95: $2.25 a gallon
- Chevron at 998 South Federal Highway: $2.25 a gallon
If you live in Pompano Beach, try:
- Valero at McNab & Cypress Road: $2.25 a gallon
- Sunoco at 5391 N. Federal Hwy: $2.29 a gallon
- Citgo at Powerline & Sample Road: $2.29 a gallon
If you live in Sunrise, try:
- Texaco on Oakland Park Boulevard, east of Nob Hill Road: $2.23 a gallon
- Shell at Oakland Park Boulevard & Pine Island: $2.28 a gallon
If you live in Coral Springs, try:
- Texaco at 8161 Wiles Road: $2.19 a gallon
- Citgo at 8100 Wiles Road: $2.19 a gallon
- Hess at Coral Springs Drive & Royal Palm: $2.24 a gallon
If you live in Fort Lauderdale, try:
- Marathon on SR84, east of I-95: $2.20 a gallon
- BP on Broward Boulevard, east of I-95: $2.26 a gallon
- Hess at Broward Boulevard & NW 7th Avenue: $2.28 a gallon
If you live in Davie, try:
- Cumberland Farms at Flamingo Road & SR 84: $2.25 a gallon
If you live in Plantation, try:
- Chevron at University & Peters: $2.21 a gallon
- Mobil at 1799 N. University Dr.: $2.23 a gallon
If you live in Miami, try:
- Citgo at SW 8th St & 87th Ave: $2.17 a gallon
- American at Bird Rd & 92nd Ave: $2.19 a gallon
All prices found on www.miamigasprices.com.
Wednesday, November 15, 2006
New trends in car-buying
In a Bankrate.com news article on Yahoo Finance, "Gas prices, interest rates spark big auto changes," it reports that as 2006 comes to an end, there is news that the "Big Three" automakers weren't who they used to be. "When you speak of the Big Three, it's no longer Ford, General Motors and DaimlerChrysler. In 2006, Toyota took over the No. 3 spot from DaimlerChrysler, selling an estimated 2.5 million vehicles in its Toyota, Scion and Lexus divisions."
I can see how Toyota is climbing in auto sales because my newest car is the 2007 Scion TC, which I absolutely love! If you look at television commercials, it is apparent that Scion is targeting the 18-34 crowd with glitzy commercials abound with hip-hop and techno music. If you go to the Muvico Palace 20 movie theater in Boca Raton, there are numerous Lexus commercials before the movie begins. No wonder Toyota is climbing its way up in the charts!
The article also points out that "2006 could be remembered as the year that sales of cars began to rebound against sales of trucks -- which include minivans, SUVs and pickups. The last time cars outsold trucks was 2001, when the split was 50.4 percent to 49.6 percent. That shift toward cars over trucks, combined with public perceptions of who builds the most reliable, fuel-efficient vehicles, accounted for the other major industry news for 2006: The sharp rise of Toyota."
Gas prices have been why many people in South Florida and the rest of the nation are making the transition to fuel-economy-friendly cars and hybrid vehicles. When prices were over $3 a gallon, it was bad news for SUV's and trucks. Ford and other prominent SUV manufacturers tried to combat this situation by offering extended warranties and other financial incentives. However, in the long run, it looks like cars gained back their popularity in 2006.
Wednesday, November 08, 2006
It's going up again
According to the San Jose Mercury News, "What's up with this recent price blip? Violence in Nigeria, threats from members of the Organization of Petroleum Exporting Countries to pump less oil and the oncoming winter with its demand for more heating oil. Some experts say prices fell so far so fast that they have to rebound upward. Others say there's a glut of oil available and that prices will not rise much." The article went on to describe how a colder-than-average winter that forecasters are predicting may also be playing a role in the increase of oil costs.
Yesterday's gubernatorial elections that pronounced Crist the winner may also have something to do with why prices are suddenly shooting up. It is no suprise to me that a day after Election Day, you see a rise in petroleum costs.
While it may not drop to 20 degrees in South Florida during the winter, surges in gas prices may apparently be linked to those who have to heat their homes throughout the winter season. I expect prices to rise a little and then skyrocket once we reach summertime.
Wednesday, November 01, 2006
Yahoo Autos goes green
The Yahoo Autos Green Center lists the top four new cars that have earned a "green rating," as well as other information on fuel-efficiency. A question-and-answer box allows Yahoo visitors to discuss questions like, "Why doesn't the government allow electric cars that are better for the environment to be sold?" and other interesting topics.
There is also a gas-mileage-impact calculator that allows you to select the make of your car, the number of miles you drive and compare it to other vehicles' environmental emissions and fuel costs. Another interesting feature on the site is an alternative gas station locator, which allows you to search for stations that provide fuels like ethanol and biodiesel.
A technology section also compares these different forms of fuel and their pro's and con's. For example, compressed natural gas lets out less toxins than gasoline. This is an informative and useful site for anyone who may be interested in conserving energy, saving gas money or simply anyone who wants to lessen pollution from fuel emissions.
Thursday, October 26, 2006
Cheap South Florida fuel
If you live in Boca Raton:
- Chevron at Yamato Road & Congress Avenue: $2.39 a gallon
- Chevron at North Federal Highway & Spanish River Road: $2.39 a gallon
- BP at North Federal Highway & Spanish River Road: $2.39 a gallon
If you live in Boynton Beach:
- Citgo at Military Trail & Woolbright Road: $2.24 a gallon
- Citgo at Hypoluxo Road & Lawrence Road: $2.26 a gallon
- Hess at Hypoluxo Road & Military Trail: $2.27 a gallon
If you live in Delray Beach:
- Gas One at West Atlantic Avenue: $2.29 a gallon
- Hess at Military Trail and West Atlantic Avenue: $2.31 a gallon
If you live in Deerfield Beach:
- Citgo at Powerline and Hillsboro Boulevards: $2.20 a gallon
- Shell at Hillsboro Boulevard & Fourth Street: $2.22 a gallon
- Marathon at Powerline & Green Road: $2.23 a gallon
If you live in Pompano Beach:
- COSTCO at 1800 W. Sample Road: $2.16 a gallon
- Sunoco at McNab & Cypress Road: $2.22 a gallon
- Citgo at Powerline & Sample Road: $2.25 a gallon
If you live in Fort Lauderdale:
- Shell at Sunrise Boulevard & Powerline Road: $2.14 a gallon
- RaceTrac at State Road 84, east of I-95: $2.18 a gallon
- Hess at Broward Boulevard & northwest 7th Avenue: $2.23 a gallon
- BP on Broward Boulevard: $2.25 a gallon
If you live in Hollywood:
- Hess at 1840 N. Federal Hwy: $2.26 a gallon
- 7-Eleven at 4112 S. Ocean Dr.: $2.27 a gallon
- Sunoco at 3325 Pembroke Road: $2.33 a gallon
If you live in Plantation:
- Mobil at 1862 N. Nob Hill Road: $2.15 a gallon
- Chevron at University & Peters: $2.27 a gallon
If you live in Coral Springs:
- Texaco at 8161 Wiles Road: $2.23 a gallon
- U-Gas at Wiles Road & University Drive: $2.24 a gallon
- Shell at Lyons & Sample Road: $2.27 a gallon
If you live in Davie:
- U-Gas at 4997 Volunteer Road: $2.18 a gallon
- Shell at 14810 Griffin Road: $2.19 a gallon
If you live in Miami:
- Valero at 87th Street & Sunset: $2.15 a gallon
- RaceTrac at 17021 NW 27th Ave.: $2.17 a gallon
- Mobil at 9497 NW 7th Ave.: $2.19 a gallon
- BP at 1402 Collins Ave.: $2.39 a gallon
- Citgo at 331 23rd St.: $2.49 a gallon
Save on gas, shop more?
A recent Investors Business Daily article called "Holiday Sales Should Be Strong As Low Gas Prices Spread Cheer" has a cheerful outlook on the rapidly-approaching holiday season. According to the article, "The average shopper expects to hike holiday spending by 7% this year, according to a National Retail Federation poll by BIGresearch."
The president of Retail Metrics told Investors Business Daily that increased wages, the lowest unemployment rate in over five years and the decrease in fuel costs will most likely increase the amount of money we spend during the holidays. I don't know about you, but filling my tank for about $25 now feels a whole lot better than the $36 it took a few months ago.
"The NRF poll found 61.6% of shoppers will hit department stores this holiday season, up from 53.1% in 2003. And 79% of adults ages 18 to 24 plan to shop in department stores for gifts, up from 72.9% last year and 65.9% in 2004. " That is good news for national retailers.
Tuesday, October 24, 2006
Gas prices down, airplane tickets up
In a Yahoo News article titled "Gas Prices Down, Flight Costs Up," it discusses how fuel costs have gone down, but states, "Meanwhile, the average round-trip ticket to fly has climbed to about $434 dollars. Early booking for people making Thanksgiving and Christmas plans is ahead of last year's pace by about 45 percent."
Early booking and increased ticket prices are a reason to start booking those holiday-time tickets right now!
Sunday, October 22, 2006
South Florida gas report
While lower gas prices are a relief, many people the Sun-Sentinel talked to aren't going to drastically change their spending habits. Lower prices are helping business owners like Mickie Donan who told the Sun-Sentinel, "Every little bit helps and these prices make an expansion more doable." Donan had planned an expansion for her coffee catering company which was hindered because of the price of gas.
Many people expect gas prices to rise after elections, closer to the holidays. Tony Murguia told the Sun-Sentinel, "This is like a temporary Band-Aid." This is a great way to describe a commodity such as petroleum that relies on the political climate for its prices: temporary.
Conflict in the Middle East and the upcoming elections are reasons why we cannot expect these low prices we are witnessing now to continue.
Wednesday, October 18, 2006
Did you know rain can burn gas?
Do you notice that you have way less miles-per-gallon than that sticker originally advertised? Job says, "The fuel economy estimates for new cars, provided in large black type on window stickers, can overstate fuel mileage by as much as 34 percent, according to the Bluewater Network. The network is a California-based environmental group that petitioned the U.S. government more than two years ago to change the way fuel mileage is calculated.
These estimates, mandated by the federal government starting in the 1970s, were never based on real-world driving. Instead, they're derived, sort of backhandedly, from emissions test procedures. And the process of developing the estimates has been updated only once, in 1985."
That means that these calculations were last updated the year I was born. I have been on the earth for 21 years and counting. Something doesn't seem right here.
Job says that real-road problems that drain your fuel tank like tire pressure, wheel alignment, use of air conditioning and bad weather are not accounted for in these emissions tests. "And drivers who manage their driving habits—accelerating gradually, driving smoothly and with care—can boost fuel economy as much as 20 percent compared to a more aggressive driving style, the EPA says. " Your fuel efficiency also depends on how you keep up with tire rotations, oil changes and other maintenance on your vehicles.
Monday, October 16, 2006
Gas prices at national low
CBS reporter Anthony Mason questions the correlation between lower prices at the pump and President Bush's popularity. Several citizens that were interviewed said they believe that if the economy is good, people will be swayed to vote Republican. While some are labeled conspiracy theorists for having this belief, it is not unreasonable to question why gas prices have suddenly dropped at such a time in the political world.
NBC Evening News also covered the drop in gas prices and one woman agrees, "It's pretty convenient now that elections are coming up." Reporter Kerry Sanders did a road trip story for NBC in which he drove from Massachusetts to Maine, documenting gas prices and people's thoughts on the drop in costs. One family stated that it was too expensive to travel this summer and now that fuel costs have dropped, they have more money to spend on weekend trips.
Sanders reported that he spent $43.44 on his road trip; a figure that would have been almost $60 if he went in the summer.
Saturday, October 14, 2006
Plan a trip with AAA

AAA is known to be one of the most popular and reliable roadside-assistance programs in America. Not only do they help you change your flat tire or tow your car when it breaks down, they offer an informational Website that calculates fuel costs for you instantly.
When you select your starting city, destination city, car make, car year and car model, AAA lets you know about how much gas you will need and the miles driven on your trip. They also have information on the day's regional gas averages. For today,
- Pacific Coast: $2.58 a gallon
- Southwest: $2.14 a gallon
- Mountain West: $2.45 a gallon
- Midwest: $2.12 a gallon
- Great Lakes: $2.20 a gallon
- Southeast: $2.15 a gallon
- Mid-Atlantic: $2.23 a gallon
- New England: $2.27 a gallon
So the next time you plan a road trip or maybe just a quick getaway, AAA is there to help!
Friday, October 13, 2006
Cleaner diesel fuel on its way
Bernard Simon says,"The clean-burning ultra-low sulphur diesel emits only 15 parts per million of sulphur, compared with 500 parts for existing diesel. Used in conjunction with the latest diesel engines, it greatly reduces the noise, smell and soot that have up to now turned many Americans off diesel."
Volkswagen offers various models of its cars that run on diesel gas. One of their most popular is the Turbo Diesel Beetle, which I test drove before purchasing my last vehicle. It seemed to have more power and wasn't as noisy as the regular Beetle, surprisingly. The article says that Mercedes-Benz is introducing a diesel-fueled E320 Bluetec Saloon next week as well as Honda, GM and Volkswagen who plan to sell more diesel-powered vehicles in the near future.
"Chrysler plans to introduce the US’s first full-sized, diesel-powered sports-utility vehicle early next year in the form of a diesel version of its Jeep Grand Cherokee." Here in South Florida, SUV's are very popular, so this offers an alternative to the standard fuel model. Diesel fuel "offers 30-45 percent more fuel economy than petrol."
Wednesday, October 11, 2006
Go get gas...prices rising

Take that as good advice and go fill up. On NBC's Today they mentioned that prices of fuel will be rising this week because of oil suppliers cutting the amount of barrels for sale. I think it may have something to do with the whole North Korean conflict that appeared in the news this week. If nuclear threats aren't enough to drive fuel costs up, I don't know what is.
I looked for newspaper articles on the Web predicting a slight rise in prices for the upcoming weeks, but did not see any posted yet. That sign for $2.40 at your local Hess may not last long, so fill up just to be safe.
Saturday, October 07, 2006
This week's fuel finds
Cheap Boca Raton gas:
- $2.49 a gallon: Chevron at North Federal Highway & Spanish River Road
- $2.49 a gallon: BP at North Federal Highway & Spanish River Road
- $2.59 a gallon: Chevron on Yamato Road & Congress Avenue
Cheap Deerfield Beach gas:
- $2.36 a gallon: Marathon at 2101 E. Sample Road
- $2.39 a gallon: Citgo at Powerline Road & Hillsboro Boulevard
- $2.42 a gallon: Shell at Powerline Road & Fourth Street
Cheap Delray Beach gas:
- $2.43 a gallon: Valero on Military Trail
- $2.45 a gallon: Hess on Military Trail
- $2.46 a gallon: Shell at Atlantic Avenue & Military Trail
Cheap Boynton Beach gas:
- $2.34 a gallon: BJ's on Boynton Beach Boulevard
- $2.39 a gallon: BP at Boynton Beach Boulevard & Congress Avenue
- $2.41 a gallon: Shell at Boynton Beach Boulevard & Congress Avenue
Cheap Coral Springs gas:
- $2.36 a gallon: Texaco at Wiles Road; west of Riverside Drive
- $2.36 a gallon: Citgo at 8161 Wiles Road
- $2.40 a gallon: Shell on Lyons Road & Sample Road
Cheap Miramar gas:
- $2.35 a gallon: Mobil at 4090 State Road 7
- $2.39 a gallon: Miramar Parkway & US 441
Cheap Pompano Beach gas:
- $2.29 a gallon: Hess at Powerline Road & Atlantic Boulevard
- $2.34 a gallon: Liberty at 101 E. Atlantic Blvd.
- $2.34 a gallon: Valero at McNab & Cypress Road
Cheap Pembroke Pines gas:
- $2.37 a gallon: BP at Pines Boulevard & 184th Avenue
- $2.39 a gallon: Citgo at University Drive & Taft Street
Cheap Hollywood gas:
- $2.36 a gallon: Citgo on Sheridan Street
- $2.39 a gallon: BP on US 441 & Pembroke Road
- $2.46 a gallon: 7-Eleven at 4112 S. Ocean Drive
Cheap Fort Lauderdale gas:
- $2.25 a gallon: RaceTrac at SR 84 & Southwest 14th Avenue
- $2.29 a gallon: Texaco at 17th Street Causeway & Cordova Road
- $2.41 a gallon: Sunoco at Commercial Boulevard & Dixie Highway
Cheap Miami gas:
- $2.25 a gallon: Valero on Unity Boulevard & Miami Gardens Drive
- $2.25 a gallon: Mobil at 3201 NW 79th St.
- $2.29 a gallon: American at Bird Road & 92nd Avenue
- $2.49 a gallon: BP at 1000 Biscayne Blvd.
- $2.53 a gallon: BP at 1402 Collins Ave.
All gas prices found on Miamigasprices.com
Friday, October 06, 2006
Fuel costs through the years
Ever wonder how much gas costed back in the 50's? One of my favorite Websites, How Stuff Works, has an article that I found pretty interesting.
Gas Prices Through The Years (adjusted for inflation by the Department of Energy):
- 1950: $1.91 a gallon
- 1955: $1.85 a gallon
- 1960: $1.79 a gallon
- 1965: $1.68 a gallon
- 1970: $1.59 a gallon
- 1975: $1.80 a gallon
- 1980: $2.59 a gallon
- 1985: $1.90 a gallon
- 1990: $1.51 a gallon
- 1995: $1.28 a gallon
- 2001: $1.66 a gallon
- 2002: $1.31 a gallon
- 2003: $1.52 a gallon
- 2004: $1.79 a gallon
- 2005: $2.28 a gallon
- 2006: $3.03 a gallon
Gas continues to go down
In an article titled "Gasoline Prices Fall for Eighth Straight Week," it mentions that according to the Energy Department's statistics, the national average on unleaded gas was $2.31 a gallon on Monday, nearly a 7 cent drop since the previous week. "Since early August, the retail average has plummeted 72.8 cents a gallon nationwide and 63.6 cents in California. Industry experts expect the trend to continue."
That is great news for anyone with a vehicle! But, why is this so? It is amazing how gas prices are able to fluctuate the way they have been for this year. One attributing cause is the decrease in crude oil prices, which are at about $61 a barrel now; a remarkably lower number than the $77 figure in July. Also, "Analysts say the recent price break stems in part from refiners trimming their profit margins after months of unusually high earnings."
Remind me to thank the oil refineries for realizing the extent to which they made a profit this past year.
