Prices at a gas station in Oakland, Calif., on Feb. 21. (Associated Press photo)
I nearly choked when I saw how much gas prices rose this weekend.
$3.95 a gallon for regular? Do they think I’m made of money?!
But even though gas prices have risen 11 cents in the past two weeks and the national average is now at $3.93 per gallon, there is some good news: prices may be peaking – meaning we may have weathered the worst, CNN is reporting.
That’s a relief.
I was trying to calculate how much more I was paying for gas now than when gas was, say, $3.30 per gallon (seems like a bargain now, doesn’t it?). I figured I’m spending an extra $7 a week with prices at around $3.90.
What about you? Have you tried calculating your extra gas costs with the recent rise in prices?
The problem with gas prices peaking–each time it happens we see a new high set point from which the next round of increases rise. It’s a never ending cycle that began a few years ago when if you think back the higher price never actually went back to that lower price.
That’s very true.
Now we think gas at $3.20 would be amazing, when that was incredibly high, say, 3 or 4 years ago.