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Gas Prices Hit Three-Year High
April 22, 2018
Gas prices are at their most expensive point in nearly three years and continue to rise, according to AAA.
Saturday night’s average price in Escambia County was $2.77, up nearly 40 cents per gallon over last year.
“Expensive crude oil prices, unrest in the Middle East, strong domestic demand, record production rates and global oil supply surplus have created the perfect storm to drive spring gas prices toward new heights,” said Jeanette Casselano, AAA spokesperson. “Consumers can expect gas prices to increase.”
Today’s gas price average is 18-cents more than a month ago and 30-cents more than a year ago.
Pictured: Gas was $2.69 per gallon Saturday at this station on Highway 29 at Muscogee Road in Cantonment. NorthEscambia.com photo, click to enlarge.
Comments
21 Responses to “Gas Prices Hit Three-Year High”
@David Huie I agree
@Bama Thank you I was thinking the same thing b4 i saw your post…
In my opinion gas goes up and down all the time… we live in Fl its to be expected…
: 0
Deep state at work.
The gas does not cost more; your dollars are worth less. The government prints money (they call it quantitative easing) which dilutes the value of the money in your pocket and bank. So, it takes more dollars to buy gas, house, everything.
$2.47, 87 octane Moss Point Ms, $2.45 in Poplarville Ms.
Its really [pretty simple as to why there are higher prices at the pump. Its a supply and demand situation. The higher the supply the lower the cost. As supply tightens the higher the price at the pump.
The questions is, why is there are supply issue when there is a glut of oil available to the market? The answer can be found in something that happened in late 2015, when Congress lifted a 40-year old ban on the exportation of oil from the US to other countries.
The oil export ban was signed into law in 1975, part of the reaction to an OPEC embargo that created a shortage of crude and slammed the American economy with skyrocketing prices.
Today, the world has too much oil — thanks in part to America’s shale oil boom. Crude oil prices crashed below $35 a barrel, and a gallon of gasoline is on the verge of falling below $2 per gallon.
In other words, there is no longer an oil scarcity that justifies keeping it at home. As the glut of gas supplies has dwindled in the US, the prices have risen, much to the delight of those in the Oil Fields and OPEC who desires to have $80 to $100 a barrel oil, which in turn pushes the price at the pump to the $3 range or so.
Blame Trump for the increase, but he wasnt the POTUS when this change in policy took effect.
REGARDING:
“David Huie: How can SOLAR POWER be imported ?”
Simple. It comes from outside the country — about 93 million miles outside.
But really, the means to convert it to electrical power can be done with solar panels. The cheapest ones are imported. Jacking the price up some 30 percent to force Americans to pay more reduces convertion to solar, increases dependency on foreign fuel supplies which may be cut off in time of war.
Yes, oil field workers and coal miners get more work but at the cost to everyone. As a former drilling engineer for Texaco, I am somewhat familiar with the oilfield.
And no, I don’t really blame or praise the various presidents for everything which happens, but those who worship the president — whichever one it is — tend to give him credit for all good things, those who despise the president — whichever one it is — tend to blame him for all bad things.
That said, constantly provoking others and trying to start wars DOES tend to raise prices, so there IS some effect.
David for peacemakers
That’s why I buy gas in Alabama not Florida
If we’re now bout energy independent ( oil ) and the price has sky rocketed
then we’re exporting our oil . What happened to America first ? Wind and solar
energy are sure good ( clean ) but can’t do enough of it to make a big difference.
The state of Washington is lowest KWH cost but they have lots of Hydroelectric
( Dams ) which are cheap and very clean. David Huie: How can SOLAR POWER
be imported ? A dedicated Conservation ( national ) program could help lower
usage and bills . Unfortunately the same is coming our way regarding WATER.
century and flomaton are awful.go to brew ton and other communities and gas is a lot cheaper. we are getting ripped off locally.
Gas would be .06 cents cheaper if it wasn’t a tax thrown down our throat without a public vote. Good job BOCC for screwing those who can afford to drive!
oilfield workers rejoice! yahoo!
If we have plenty of our own fuel in storage as we have been told,then why are we the cunsumer being jacked up with these constant yo yo gas prices!!High gas prices DOES NOT stimulate our economy!The higher they go the less people will teavel ,less products they buy .When we don’t travel ,less revenue for those areas that are visited simple as that.
Record production rates and global surplus of oil contributes to a perfect storm to drive prices up? How? Wouldn’t those 2 factors lower prices?
OK I can believe strong domestic demand. The economy is better and folks have a bit more $$ in their pocket and can travel more. Record production rates, I question. Regulations are supposed to have been reduced which decreases that rate. Global oil surplus are you kidding me! Economics 101 the greater the surplus the lower the price. I think we are being HAD.
In a country where everyone owns at least one auto and probably two, this is simply the cost of the luxury. Don’t want to pay the price? Take a bus. I am always thankful I don’t have to buy gas on a certain day of the week as we did back in the 70’s.
@David. Nothing to do with Trump. As a oil fiend worker offshore I see more than you. .most likely know more than you on it (subject ) it’s supply and demand Gas goes up and down more reasons then one. Trump had not one thing to do with it.
So I’ll give you what you wish to
Think than give me Mine .Gas dropped at a all time low in Obama’s nightmare 8 years. Now please go
Do your homework on how many 1000s lost their job in thenou field industry. I just barely hung on to mine ,,,,Bama for $3.50-$4.00 gas
@David. Nothing to do with Trump. As a oil fiend worker offshore I see more than you. .most likely know more than you on it (subject ) it’s supply and demand Gas goes up and down more reasons then one. Trump had not one thing to do with it.
So I’ll give you what you wish to
Think than give me Mine .Gas dropped at a all time low in Obama’s nightmare 8 years. Now please go
Do your homework on how many 1000s lost their job in thenou field industry. I just barely hung on to mine ,,,,Bama for $3.50-$4.00 gas
I drive into Al and pay 20 cents less a gallon – and the previous president had the gas the cheapest in years -
Florida has always been screwed on gas – go to Ms and pay about 75cents less – when summer is here we get ripped again….. but this time worse due to what is in DC
It’s .20 cents a gallon cheaper than where I’m at in PA.
Ready to go back South next month!
Down with previous president .
All time high with the one before him.
Way up with current president.
Probably a coincidence — although intentionally increasing dependence on foreign resources by putting tariffs on imported solar power could have an effect.
David for less polluting nuclear, solar, wind