I spent $40 this morning to fill up with regular gas at about $3 per gallon at the XtraMart on Gorham Street, near the courthouse. Humorist Lewis Black might say, What the F#&*%! Did I miss a new oil embargo, or did China buy up all the crude last week for sedans in Shanghai? Is there one politician in D.C. noticing this increase just around the time that people are driving more because of holiday travel? A coincidence involving our fellow Americans in the petrochemical industry? What happened to those mammoth windfall profits of a couple of years ago when oil prices spiked? How about the oil companies giving us a rebate for the holidays? Oh, I see, that money was invested in solar energy research and spent on reprinting company letterhead in green ink to announce the enviro style is in. Here’s what I found in a quick search, from the Associated Press in a news blip this morning:
ATLANTA – Filling up at the pump costs more this week. The average price of regular unleaded gas has risen 11 cents in the past week to $2.83 per gallon.
The national average is up 7 cents to $2.93.
The Atlanta Journal-Constitution reports that a weak dollar is pushing gas prices up and experts say the increases will likely continue.
The AAA Auto Club says lower job growth than expected last month weakened the dollar and made crude oil a more appealing commodity to foreign investors.
A month ago, regular unleaded cost an average of $2.69 in Georgia.
A year ago, it was at $2.52, which is 31 cents below the current price.
(from the Associated Press, December 6, 2010)