There is almost NOTHING that has a greater impact on the American lifestyle that the cost of the fuel for our cars. The skyrocketing price of gasoline is making a huge impact on everyone, from the teenager who is just starting out, to the most elderly person who remembers the days when gas cost as little as 25 cents a gallon.
The Washington Times reports that Oil and Gasoline prices have risen to their highest levels in over two years and that analysts say prices could rise dramatically this year as the demand for oil and gas rises in the USA and around the world.
As the world wide recession begins to lessen more people are out driving and businesses are beginning to ramp up production. All of those actions contribute to gas prices going UP UP UP.
The former head of Shell Oil was warned that gas prices could possibly rise to the $5 per gallon range by the beginning of 2012 because of fast growing demand for gas in places like China and India.
Currently Oil demand is at about 87 million gallons per day! Wow. That’s a lot of oil. That’s more than 100,000 barrels a day more than in 2007, just a few years ago. With demand growing who knows where it will all stop. But you can be sure that the chances of oil and gas prices going down are slim and none.
Some people predict that within 10 years we will be at a point where there may be “gas rationing” along with long lines at the gas pump. Whether we know it or not we are in crisis mode and anyone who prepares for these events by understanding what they can do to cut their gasoline costs and increase mileage… Read more…