Gas prices could go down, or up
Some of us go way back with gasoline prices. Some of us real old codgers can remember when per gallon price of fuel for the family car was 14¢ per gallon. If they are really pushed, a loaf of bread was 5¢. An acre of land would sell for $1. Things have gone up. Very little has gone down, especially taxes.
Speaking of taxes, the price of gasoline has continued to rise in most areas due to the taxes that have been added to your per gallon.
At one time, the price of oil per barrel had a lot to do with the price consumers pay per gallon. It still does, but there are price hikes when those furnishing us oil decide they need more, but squeezing the supply. It really doesn't matter about the demand. We in America really like to ride and travel.
The deal maker hasn't been in office long enough to change the deals with Iranian and other oil supplying nations. The new pipeline across the U.S.A. should help.
The national average price is $2.27. These are the last prices posted Sunday.
“The price of crude oil continues to be the main driver of gas prices. As oil gets cheaper, it becomes less expensive to produce gasoline, and those savings are reflected in prices at the pump at times. Sometimes the gasoline distributor gets used to making a certain price per gallon. Supply and demand from vehicles help with the pricing.
Other than food, the price of gasoline affects the cost of a family more than most items. With almost 50 percent getting food with government help, gasoline could be the highest item that affects the money spent from the family, so it pays to shop for prices.
Consumer do not consider who they purchase gasoline from; it is who is the cheapest. Consumers will drive for miles to save 1¢ per gallon.
It pays to shop, especially if you have to pay.