I have to believe that residents are doing double takes as they cruise past local gas stations.
In the past week, the average price of regular gas has jumped 17 cents from $2.416 to $2.59 per gallon, according to AAA's Daily Fuel Gauge Report. Driving to work this morning, I spotted a few stations that had bumped prices to $2.65 per gallon.
What's up with that? I have a theory.
The value of the dollar, thanks to stimulus money and bailouts, has tanked and remains at its lowest point in more than a year. To make up for that shortfall, investors have turned to oil and gold for their monetary ventures.
That leaves the rest of us pump poor. I wonder how high gas prices will go this time? Are we looking at $4 a gallon, again?
