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Gas Prices Over $3 A Gallon For Nearly 3 1/2 Years

From CNS News:

Gas Price Record Worsens: 1,245 Days above $3 a Gallon

By Julia Seymour | May 20, 2014

Memorial Day weekend drivers will continue to take a hit as gasoline prices remain high. May 20 marks the 1,245th straight day that the national average for a gallon of regular gasoline costs more than $3 a gallon, according to AAA data. That’s nearly three-and-a-half years above $3 a gallon.

USA Today reported last September that, for the first time ever, gas prices had been higher than $3 a gallon for 1,000 consecutive days – beginning Dec. 23, 2010, through Sept. 17, 2013. Unfortunately, that awful record streak of sustained highs has not been broken…

The national average on May 20, 2014, for regular gas was $3.642 a gallon, slightly less than the $3.653 a gallon average one year earlier.

ABC, CBS and NBC morning and evening news shows haven’t spent much time on gas prices, lately. A Nexis search yielded only 11 stories mentioning what was going on with gas prices in the past three months.

Remember the constant outrage in the news media at the price of gasoline under George Bush? It was a major issue in the 2006 midterms. In fact, Nancy Pelosi constantly fulminated constantly at the price of gas being $2.90 a gallon.

Well, that’s all forgotten now. — By the way, gas was $1.78 a gallon on the day President Bush left office.

Instead, we have articles like this, from the Associated Press:

Gasoline prices have familiar look as summer nears

By JONATHAN FAHEY | May 22, 2014

NEW YORK (AP) — The price of gasoline looks familiar this Memorial Day. For the third year in a row, the national average will be within a penny or two of $3.64 per gallon.

Stability wasn’t always the norm. Between 2003 and 2008 average retail gasoline prices more than doubled, reaching an all-time high of $4.11 per gallon in 2008. Prices then collapsed as the U.S. plunged into recession. But after a two-year run-up between 2009 and 2011, the price of gasoline has remained in a range of roughly $3.25 to $3.75 per gallon.

Another wonderful ‘new normal,’ thanks to Obama.

Drivers can handle that, according to AAA, and are ready to head out for Memorial Day driving trips in the highest numbers since 2005. "It is unlikely that gas prices will have a significant effect on travel plans compared to a year ago," AAA wrote in its annual Memorial Day forecast…

So drivers can handle gas over $3 a gallon now. But they couldn’t handle it when it was around $2 a gallon under Bush. Got it.

Across the nation, all U.S. drivers will likely be paying less in the coming weeks, the result of a typical seasonal decline between late spring and early summer…

Sure they will. Any minute now.

This article was posted by Steve on Friday, May 23rd, 2014. Comments are currently closed.

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