Archive for Tuesday, April 21, 2009
Gasoline prices not expected to spike as high this summer
April 21, 2009
Advertisement
Jason Smith fills up his car with gasoline at Woody’s Gas Express in North Lawrence. Gasoline prices are expected to climb this summer but not to last year’s record highs.
Last year’s gasoline-pump sticker shock still reverberates in the minds of many Americans, Lawrence residents included.
So what can be expected this summer, as families plan — or don’t plan — vacations?
Richard Haig, owner of Westside 66, 2815 W. Sixth St., doesn’t think there will be another spike like last summer.
“Historically, gas prices always go up as we hit Memorial Day and into the summer,” Haig said. “As far as the prices going up to $4 per gallon like they did last summer, I don’t really see that happening again. I don’t think the economy could handle it. I think people will be staying closer to home, because they don’t have the big budgets for vacations this year.”
The Energy Information Administration, the U.S. government’s energy statistics source, says gasoline prices are expecting to average $1.96 during 2009, though the agency says prices could be “significantly higher” at some point during the spring or summer.
No matter prices, Haig doesn’t think that people will stop traveling.
“I do think that travel will be down, but I don’t know if people will actually be driving more and just cutting out air travel,” he said. “We may even see an increase in people driving, as they cut out the really big, expensive vacations.”
But the U.S. Department of Transportation released new data in February showing that Americans’ trend of declining driving has continued into its second year, and the consecutive 14-month drop tops 115 billion miles:
• The West region — a bloc of 13 states — experienced the biggest traffic volume decline, compared to December 2007.
• The northcentral states (including Kansas) had 1 percent fewer vehicle miles traveled.
• And despite the overall national decline, 17 states (including Colorado) actually posted slight increases — the first increases identified since August.
James Hanni, executive vice president of AAA Kansas, says as of March, crude oil is at its highest level in two months, at about $47 per gallon. But the average retail price of gasoline was $1.95.
“Because of the economy, the industry just isn’t ready to breach the $2 per gallon level, even though wholesale gasoline numbers suggest that higher prices could be around the corner,” Hanni said in March. “Reformulated gasoline traded today at about 10 cents per gallon higher than it had been recently. It’s interesting, though, that global security issues haven’t been able to rattle the oil markets as they have in the past.”
More like this
- PRICE OF GASOLINE REMAINING STABLE June 14, 1990
- AAA: Gas prices may continue to rise June 10, 2009
- Travel bargains a silver lining to recession April 6, 2009
- Pump prices fluctuating 33 comments / September 20, 2006
- Gasoline costs pinch consumers' wallets 41 comments / March 8, 2008
Top ads RSS
- DATA COLLECTOR Position available with RetailData, LLC. Responsible for collecting ...
- RETIREMENT COMMUNITY Pioneer Ridge Retirement Community is currently accepting applications ...
- Googols of Learning Child Development Center is now hiring for ...
- Live On Site Manager- Self storage complex in Kansas City ...
- Orbis Corporation - Maintenance Tech
Marketplace
Arts & Entertainment · Bars · Theatres · Restaurants · Coffeehouses · Libraries · Antiques · Services
- CritiTech leader has stake in lab building November 7, 2009 · 20 comments
- FINAL: Daniel Thomas runs for 183 yards in KSU's 17-10 victory over KU November 7, 2009 · 38 comments
- Obama finding it harder to blame Bush for job woes November 7, 2009 · 45 comments
- Poll: Would you vote the same way today as you did for president in 2008? November 6, 2009 · 51 comments
- Blog: I Am A Stripper. November 3, 2009 · 315 comments
- Emergency crews respond to multiple injury, car versus motorcycle accident November 6, 2009 · 44 comments
- Nation's unemployment rate exceeds 10 percent for the first time in 26 years November 6, 2009 · 96 comments
- On the street: Do you have good penmanship? November 7, 2009 · 23 comments
- Blog: In My Pants - Come Join The Fun October 13, 2009 · 282 comments
- Mass shooting worst ever at U.S. military base; 12 killed November 6, 2009 · 185 comments
- Preserving penmanship in the Computer Age November 7, 2009
- Tractor Supply Co. to open Lawrence store August 13, 2009
- Reesing’s impact huge November 7, 2009
- KU freshmen overcome first-game jitters November 7, 2009
- Kansas Supreme Court chief justice said budget problems could force courts to close November 6, 2009
- New, legal, drug has law enforcement concerned — and it's already on a Lawrence store's shelves November 4, 2009
- Firebirds to play for soccer title November 7, 2009
- Former House speaker has vital message for America November 7, 2009
- Regents Chairwoman asks legislators to put away the budget knife November 6, 2009
- City police welcome 6 graduates after 23-week ‘grueling academy’ November 7, 2009


21 April 2009
at 5:40 a.m.
Suggest removal
Permalink
lionheart72661 (Anonymous) says…
Well I should hope not with at least one of the major oil companies boasting a $54 billion dollar profit!!!!