Sean Comey
Sean Comey
average cents drivers higher last paying price year
Drivers are now paying an average price that is 27 cents higher than a year ago. And last year was no picnic.
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We often see price increases in January. What's particularly troubling for consumers is that the average price for the first month of 2006 is starting at a much higher level than it did a year ago.
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We are entering the time of year when historically gas prices have tended to rise because consumption increases. We are starting out this season at a level that is much higher than last year, and last year was certainly no bargain at the gas pump.
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Consumers are numb to these high prices. Some of this is what the market will bear. Part of the problem with higher prices is we set a new benchmark in our mind and $3 is the new record.
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This is just the beginning. People tend to drive more as the weather warms up, and the resulting increase in consumption triggers higher fuel costs.
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We wish we could tell you there's light at the end of the tunnel, but it's probably an oncoming train.
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It would make sense that we'd start to see prices fall now that the storm has had less impact than was feared.
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Crude oil is more expensive than it was after Hurricane Katrina. And we haven't had a natural disaster that is causing these high prices.
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Drivers don't seem to be as concerned with current prices as they would have been in the past. Perhaps it's human nature. Once you've been through root canal without anesthetic, getting a filling doesn't seem nearly as scary as it used to be.
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Prices are high -- the question is why? We have enough crude oil and gasoline to meet current demand, and yet the cost of fuel continues to cause budget concerns for many consumers.
hurricane though
Even though the hurricane was a long way away from us, it's still having an impact.
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I would not be surprised to see continued price increases at least in the short term. September could be an unpleasant month when it comes to fuel prices.
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Typically, our prices are higher. But the effects of the hurricane were much more extreme in other parts of the country. So as bad as it was here, it was worse there.
built fuel number percent rises wants year
Fuel consumption rises two percent every year in California; yet we haven't built a refinery in years and a number of them have even closed. But no one wants a refinery in their backyard.