High Gas Prices
Over 50 gas stations across New Jersey and Pennsylvania have raised the price of their fuel to more than eight dollars a gallon. They are all Lukoil stations, and their owners have raised prices in protest of practices by Lukoil North America that they say leave individual gas station owners at a competitive disadvantage.
While walking through the displays at major auto shows, we often think about what we'd recommend to our readers. As we study the dozens of new vehicles ranging from hybrid sedans to full-size SUVs, we realized our recommendations needed to factor in future fuel prices.
If they consider surfing at all, most people certainly wouldn't consider it a sport susceptible to rising oil prices. Unfortunately for those in search of the perfect wave, the exact opposite is true. Unless you are one of the few who can afford to live right on the beach in a place like the north shore of Oahu or Kauai, you usually have to drive to a surfing spot. And since waves tend to be inconsistent, a surfer might have to check out several of his or her favorites before finding a good one
So you think $4.50 a gallon is tough to swallow? How about nearly $15/gallon? That's what drivers in some parts of south-west England and Wales are faced with this week. A strike by tanker drivers who deliver fuel to Shell stations has left many stations in the region running out of gas and diesel. We all know what happens when fuel supplies run low but demand doesn't; it's economics 101. This time around, station owners have started ramping up the prices to as much as £1.99 a litre or $14
With oil prices running amok of late, you kind of had to know this was coming. The US Energy Information Administration reports that consumers should prepare to see prices at the pump increase by another 20 cents or so in the coming weeks. Thanksgiving travelers should expect feel the pain immediately with jacked-up prices greeting them during the road trip to Grandma's. High gasoline prices should continue beyond the holiday, and if things go as projected, we can expect to see the a new record
On NPR's All Thing's Considered this afternoon, one of the pieces was on the increasing gas prices, and how the upward trend is happening about three weeks earlier than is common for the summer spike. This article, from the San Francisco Gate/AP, says since crude oil is back up to over $60 a barrel, gas prices, particularly in California and Hawaii, are starting to top $3-a-gallon
Scooters have shot up in popularity alongside motorcycle sales as gas prices continue to hover around $3 a gallon. According to the Motorcycle Industry Council, sales went from 12,000 in 1997 to 113,000 in 2005 as people discovered the scooter's fuel-sipping100 mpg and its ability to zip through traffic snarls.