You Can Afford To Drive Home…
Email…for Thanksgiving, says our business editor Dan Arnall, "assuming you still own a car, or a home. The government’s weekly report on retail gas prices is just in, and it shows that the average gallon of regular unleaded is now going for $1.89. This marks the 10th week where prices have fallen and the first week since March 2005 that prices have been below $2 a gallon. Prices haven’t been lower since the week of January 24, 2005. The record high for gas prices was $4.11 during the week of July 7. Since then we’ve seen prices drop $2.22 or 54%. This week’s average price is 39% below the price a year ago ($3.10).
Gasoline (Cents per Gallon) 11/24/08 Change from Price Week Ago Year Ago U.S. 189.2 - 18.0 - 120.5 East Coast 195.3 - 16.1 - 113.9
New England 195.1 - 17.0 - 115.1
Central Atlantic 205.0 - 15.5 - 106.9
Lower Atlantic 188.0 - 16.4 - 118.8 Midwest 175.0 - 18.3 - 130.9 Gulf
Coast 180.5 - 15.1 - 116.1 Rocky Mountain 184.7 - 18.6 - 121.6 West Coast 211.7 - 24.0 - 118.8
California 211.2 - 26.2 - 128.6
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We need to decide whether to plan for higher prices or depend on the kindness of Hugo Chavez and friends. If we want to defend our country, we have to:
1) Eliminate the SUV exception to MPG requirements;
2) Set up regular increases in the MPG requirements;
3) Encourage the public to do the right thing for the country with a combination of fossil fuel consumption taxes and tax breaks for buying a non-fossil fuel vehicles;
4) Eliminate the subsidy for corn based ethanol. Making ethanol from corn requires more fossil fuel than it replaces!
Posted by: Energy | November 24, 2008, 5:23 pm 5:23 pm
Who has money to travel? Most of you should stash away as much as you can under the mattress. You’ll need it when searching for a new job.
You can thank me later.
Posted by: Jackie | November 24, 2008, 10:37 pm 10:37 pm