$4.00 A Gallon?!

2005_08_16_shell_gas.jpg(Photo courtesy of Lori Shepler/LAT.)

I’ve been swamped at the office the past few weeks, so I finally got a chance to read about Katrina’s devastation last night. Adding to the information overload is the fact that gas prices could skyrocket even further:

Consumers can expect retail gas prices to rise to $4 a gallon soon but whether they stay there depends on the long-term damage to oil facilities from Hurricane Katrina, oil and gas analysts said Wednesday.

“There’s no question gas will hit $4 a gallon,” Ben Brockwell, director of pricing at the Oil Price Information Service, said. “The question is how high will it go and how long will it last?” …

Brockwell said with gasoline prices now exceeding $3 a gallon before even reaching the wholesale level, it “doesn’t take a genius” to expect retail prices to hit $4 a gallon soon.

“Consumers haven’t seen the worst of it yet,” Brockwell said.

As if there wasn’t already enough incentive to conserve gas…

7 thoughts on “$4.00 A Gallon?!”

  1. Isn’t this where someone is supposed to come in and smugly note that until gas hits like $3.15ish, it’s still not the most we’ve ever paid as a nation because of the oil shocks and blah blah blah?

    What is it with the country lately that something has to go to extremes to even be recognized? Maybe, just maybe, we could acknowledge that a jump of a buck in a year on average is a bit much?

    Of course not. So I’m just going to keep saving my money for a hybrid… or hope that someone decides to just drive me around town for the sheer pleasure of it and eat the cost of gas.

  2. Just convert your car to run on cappucinos. It’ll be more economical in a couple weeks.

  3. I’m only into my third week, but I’m averaging 1.33 alternate 12-mile roundrip work commutes (bus or bike) per week with plans to grow that to a steady two per. I’m even planning on biking up to the local taco shack from home after work to pick up dinner tonight. Two miles less on the odometer… hell that’s like a 10th of a gallon for me.

  4. Just about time for me to dust off my old 50cc motorcycle & get it running… 90MPG of gas sipping goodness! Pity it’s a 2-stroke – cough cough.

    In the mean time, I’ll be on a rather larger m/c that only gets 40MPG on high octane, (carefully) splitting lanes through the ‘traffic from hell’ that we’ve got lately.

  5. At $3.49 a gallon, it would cost a BMW 3 series (getting 20mpg) $2094 a year to drive 12000 miles.

    It would cost a Toyota Prius (getting 47mpg) $891 a year for the same distance driven.

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