About Time to Tap the Strategic Reserves Again?

[engineerboi81]

Average Gasoline Price Nears 1981 Record
By James R. Healey, USA TODAY

The average price of gasoline hit $3.218 a gallon Monday, up a stunning 11.5 cents the past week and just half a penny shy of the inflation-adjusted record, the government reported.
The average is almost certain this week to pass the inflation-adjusted high of $3.223, recorded

Comments

[jj79]

As of yesterday, Michigan's average gas price was an ungodly $3.42, near the top in the country. Jim filled up his little car yesterday for $50. I almost had a heart attack when he told me.

I am seriously considering getting a bike and taking that to work three days a week. The other two I come in from Jim's and would take three hours to get in.

[engineerboi81]

It varies around the Chicago region, pretty much anywhere from $3.70 to $4.20 from what I understand. I think they said on the news that Chicago now has the highest gas prices in the nation. Oh yeah, $50 in gas is quite easy to do these days.

[singleentendre]

I'm so glad this doesn't affect me.

[rminct]

It's interesting that gas prices always seem to peak just in time for major driving weekends - like Memorial Day.

[engineerboi81]

They said on the radio this morning that the prices go up because of the futures market which goes up around the holidays based on demand.