Early in April 2006, Californians saw the average weekly retail price for regular gasoline pass $2.81 a gallon, the highest price since last October, when the U.S. petroleum industry was struggling to recover from the damage of Hurricanes Katrina and Rita.
Then, as now, the cause of high prices at the pump was the escalating cost of crude oil. Since early April, crude oil prices have set new records. The previous high was set at the end of August 2005, after hurricanes shut down oil and gas production in the Gulf of Mexico. This year’s increases are blamed on increasing demand from such burgeoning markets in China, India and the U.S., coupled with fear that instability in Iran, Nigeria, Venezuela and other oil-producing regions could once again limit supply. These crude oil price increases raise the price of gasoline and diesel not only in California but across the nation.
With those tremendous raises for gas we have to save more to have the same. At least what we can do is to try get more from it.
Survey about gas prices and your vacation can pay you back with
free $100 gift card. Of course, you will be limited to Target®, Sears® or Best Buy® and few restaraunts to spend these money, but they are still free.
Labels: 100, best buy, card, free, gas, gift, sears, survey, target, vacation
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