| Topic: |
Politics > Politics-USA |
| User: |
"Harry Hope" |
| Date: |
09 Jan 2008 07:58:36 AM |
| Object: |
...Drivers face $3.50 gasoline this spring |
From Reuters, 1/8/08:
http://www.reuters.com/article/domesticNews/idUSN0850195420080108?sp=true
Drivers face $3.50 gasoline this spring
By Tom Doggett
WASHINGTON (Reuters) -
U.S. consumers will pay record prices for gasoline this spring, with
national monthly pump costs peaking near $3.50 per gallon when the
busy driving season begins, the government's top energy forecasting
agency said Tuesday.
Higher crude oil prices, which last week topped a record $100 a
barrel, are pushing up motor fuel costs, the Energy Information
Administration said in its new monthly forecast.
The price of crude oil now accounts for about two-thirds of the cost
of making gasoline, according to the Energy Department's analytical
arm.
Tight supplies caused by global oil demand growing faster than new oil
production is behind higher petroleum costs.
And consumers should not expect a break any time soon.
"Global oil markets will likely remain tight through 2008, then ease
moderately in 2009," the EIA said.
"Both motor gasoline and diesel prices are projected to average over
$3 per gallon in 2008 and 2009, with monthly average gasoline prices
peaking near $3.50 per gallon this spring."
The national price for gasoline jumped 5.6 cents over the last week
alone and now stands at $3.11 a gallon, up 80 cents from a year ago.
High gasoline prices are cutting into consumer spending and raising
business expenses, hurting a U.S. economy that is already suffering a
slowdown.
_________________________________________________
Harry
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| User: "English-Elephant" |
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| Title: Re: ...Drivers face $3.50 gasoline this spring |
09 Jan 2008 11:00:36 AM |
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Hi,
I think here in the UK we pay more then double what you pay in the
states, 75% of what you pay for goes straight to the government in
tax.
Obviously its a pain spending so much money on tax but you guys have
it easier then us, so dont moan you have got used to having low prices
for too long, and thats why its come as a shock now.
On the plus side that is why we have more fuel efficient cars in
Europe, a fact that companies such as GM are just waking up to now.
Thanks
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| User: "El Cucuy" |
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| Title: Re: ...Drivers face $3.50 gasoline this spring |
09 Jan 2008 11:17:47 AM |
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"English-Elephant" <mancmanc@googlemail.com> wrote in message
news:4b47aac7-d1ad-4c07-b3d0-2f73dbcfdf87@q39g2000hsf.googlegroups.com...
Hi,
I think here in the UK we pay more then double what you pay in the
states, 75% of what you pay for goes straight to the government in
tax.
Obviously its a pain spending so much money on tax but you guys have
it easier then us, so dont moan you have got used to having low prices
for too long, and thats why its come as a shock now.
On the plus side that is why we have more fuel efficient cars in
Europe, a fact that companies such as GM are just waking up to now.
Thanks
90% of everything in GB is taxes.
.
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| User: "English-Elephant" |
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| Title: Re: ...Drivers face $3.50 gasoline this spring |
10 Jan 2008 08:03:44 AM |
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Thanks
90% of everything in GB is taxes.
Hi,
It feels that way!
Thanks
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| User: "ztc" |
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| Title: Re: ...Drivers face $3.50 gasoline this spring |
09 Jan 2008 11:07:35 AM |
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On Jan 9, 12:00=A0pm, English-Elephant <mancm...@googlemail.com> wrote:
Hi,
I think here in the UK we pay more then double what you pay in the
states, 75% of what you pay for goes straight to the government in
tax.
Obviously its a pain spending so much money on tax but you guys have
it easier then us, so dont moan you have got used to having low prices
for too long, and thats why its come as a shock now.
On the plus side that is why we have more fuel efficient cars in
Europe, a fact that companies such as GM are just waking up to now.
Thanks
Every time gas prices surge 15 or 20 cents, you see a change in
driving habits by the big gas-guzzlers on U.S. roads. The ones still
on the road go noticeably much slower - they know if they hit the gas
pedal hard they will be stopping to fill-up at the next station and
won't be able to eat the next week. I love my non-hybrid Toyota with
it's nearly 40 mpg.
.
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