What I learned about my topic about gas prices is that they always going to change. Its always going to be high, then they going to lower it but it just goes back up again. In other areas besides the U.S. the prices are even worse in some parts of the world so its alot worse to be thier than in the U.S Even when prices are still high we need to learn how to save up on gas and what spend to much on it. Cars are now being powered other than gas so we want pay so much for it. I learned that when prices are still high , you still need to try to save up or do any cut backs to have extra money on your pocket and not spend to much money on gas all the time. One of the recent talks in the news about gas prices like Business Writer , Jim Kenney, talks about how prices are these days.
Jim Kenney
Gas prices averaged more than $4 gallon in six states and the District of Columbia Tuesday, but opinions seem split on whether this area will break that price barrier and if pump prices will continue to climb through the summer.
"Do you know what I am telling people? Before this year is out, you will wish you were only paying $4," said Robert L. Bolduc, president of Pride Stations and Stores, which has 24 locations in the Pioneer Valley.
He cited unrest in the Middle East and North Africa coupled with burgeoning economies in the developing world, particularly China and India, as reasons for climbing prices.
"They are needing more crude oil all the time," he said. "China is buying all the energy it can get its hands on. The facts are irrefutable. It's not just price speculation."
There are simply too many people in the world willing to pay $110 a barrel for oil.
"Because they are worried that tomorrow they won't be able to get it at all," he said. "If you think it's not real, go get me some for $90 a barrel."
According to AAA Pioneer Valley, gas in this region averaged $3.80 for a gallon of regular Wednesday, up from $3.79 Tuesday and $3.69 a week ago. Gas was $3.48 a gallon a month ago and $2.84 a gallon last year at this time.
The statewide average is $3.82 a gallon Wednesday.
But Robert A. Nakosteen, a professor of economics and statistics at the Isenberg School of Management at the University of Massachusetts at Amherst, said we're just seeing a price spike brought on by panic concerning problems in Egypt and Libya. He expects prices to back down.
"Supplies are adequate," he said. "It's just that you have expectations that are building into the market and adding uncertainty."
Oil rose above $108 per barrel Wednesday as the dollar weakened against other major currencies.
Meanwhile, retail gasoline prices continued to climb, reaching a national average of $3.84 for a gallon of regular. The federal Energy Information Administration predicts that gas prices will average $3.86 a gallon this summer, up from $2.76 per gallon last summer.
The projected monthly average regular retail gasoline price is expected to peak this year at $3.91 per gallon in early summer. Diesel fuel prices, which averaged $2.98 per gallon last summer, are projected to average $4.09 this summer.
Jennifer K. Curry of Westfield said she doesn't watch the number spin when she pumps gas into her Volkswagen Jetta.
"If I paid attention, then I would be angry," Curry said as she filled up at a Pride Stations and Stores location on East Main Street in Westfield Tuesday afternoon.
The station was charging $3.75 a gallon.
Curry said she doesn't drive too much, just her 20-minute commutes to and from work. Her Volkswagen gets about 24 mpg.
So really... who knows whats going to happen later on. They can go high again or back lower.. will just see in the future....
Jim Kenney
Gas prices averaged more than $4 gallon in six states and the District of Columbia Tuesday, but opinions seem split on whether this area will break that price barrier and if pump prices will continue to climb through the summer.
"Do you know what I am telling people? Before this year is out, you will wish you were only paying $4," said Robert L. Bolduc, president of Pride Stations and Stores, which has 24 locations in the Pioneer Valley.
He cited unrest in the Middle East and North Africa coupled with burgeoning economies in the developing world, particularly China and India, as reasons for climbing prices.
"They are needing more crude oil all the time," he said. "China is buying all the energy it can get its hands on. The facts are irrefutable. It's not just price speculation."
There are simply too many people in the world willing to pay $110 a barrel for oil.
"Because they are worried that tomorrow they won't be able to get it at all," he said. "If you think it's not real, go get me some for $90 a barrel."
According to AAA Pioneer Valley, gas in this region averaged $3.80 for a gallon of regular Wednesday, up from $3.79 Tuesday and $3.69 a week ago. Gas was $3.48 a gallon a month ago and $2.84 a gallon last year at this time.
The statewide average is $3.82 a gallon Wednesday.
But Robert A. Nakosteen, a professor of economics and statistics at the Isenberg School of Management at the University of Massachusetts at Amherst, said we're just seeing a price spike brought on by panic concerning problems in Egypt and Libya. He expects prices to back down.
"Supplies are adequate," he said. "It's just that you have expectations that are building into the market and adding uncertainty."
Oil rose above $108 per barrel Wednesday as the dollar weakened against other major currencies.
Meanwhile, retail gasoline prices continued to climb, reaching a national average of $3.84 for a gallon of regular. The federal Energy Information Administration predicts that gas prices will average $3.86 a gallon this summer, up from $2.76 per gallon last summer.
The projected monthly average regular retail gasoline price is expected to peak this year at $3.91 per gallon in early summer. Diesel fuel prices, which averaged $2.98 per gallon last summer, are projected to average $4.09 this summer.
Jennifer K. Curry of Westfield said she doesn't watch the number spin when she pumps gas into her Volkswagen Jetta.
"If I paid attention, then I would be angry," Curry said as she filled up at a Pride Stations and Stores location on East Main Street in Westfield Tuesday afternoon.
The station was charging $3.75 a gallon.
Curry said she doesn't drive too much, just her 20-minute commutes to and from work. Her Volkswagen gets about 24 mpg.
So really... who knows whats going to happen later on. They can go high again or back lower.. will just see in the future....
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