Where are gas prices headed?

Fri, Oct 30, 2009

Peak Oil

(Click to enlarge)
Here you see a chart of Average Retail Gas Prices over the last 72 months. The red hands are pointing to gas prices for December 30th over the last 6 years. It’s already gone up $1.08 US per gallon since January of this year. My unscientific guess is that we pass the $3.00 per gallon mark in July 2010. I’m not hoping here, I’m projecting. What do you think?
A BIG “Thank You!” to GasBuddy for the data!
Oh and if you are the sadistic type, you might enjoy this graph of the US Trade Deficit. OH 1991! What HAPPENED!? Where did we go wrong?! What does the future hold?

4 Responses to “Where are gas prices headed?”

  1. Tim Says:

    It will most likely go up for the summer, beyond that is anyone's guess.


  2. Wes Says:

    My Kymco is ready for the rise in gas prices.


  3. GenWaylaid Says:

    It's important not to forget that the long-term, real-dollar trend is downward:

    Even though the next "trough" price is somewhere around $1.50 a gallon, it seems we're still in the middle of the worst or second-worst gas crisis yet. I predict at least two more years between $2.00 and $2.50 per gallon (or $3 out here in California).

    By then the global economy will be recovering but there will be a number of electric cars available, so where things go next is anybody's guess.


  4. skills-info Says:

    I love the the jap piagglo, what a scooter. I just brought myself a new scooter,i love it. take a look at it. haha! Its the black one.


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