Posted on 04/23/2013 2:00:46 PM PDT by thackney
Drivers’ views of “too high” gasoline prices appears to be changing after seeing years of steady hikes at the pump.
According to a AAA survey, more than half of adults believe gasoline is too costly when it reaches $3.44 per gallon. Those adults are driving, buying and dining out less as a result of the higher prices.
“It was not long ago that motorists were shocked to pay more than $3 per gallon for gasoline, but now that is standard at stations nationwide,” said Robert L. Darbelnet, president and CEO of AAA. “Expensive prices have forced many motorists to change their driving habits.”
Gasoline is currently averaging $3.51 per gallon in the U.S. and $3.40 a gallon in Houston, which had the most expensive average in the state. Gasoline prices have declined 15 cents this month in Houston as demand dropped and supply increased domestically.
The AAA survey suggests drivers are not quite as fazed by gasoline topping $3 as they once were. The survey found 46 percent of participants believed $3 was too high to pay for gasoline.
Drivers said those higher prices have made them adjust their habits by driving, dining and shopping less. The study found people between the ages of 18 to 34 were more likely to take public transit or live closer to work.
The survey comes after nearly five years of steady increases at the pump. Gasoline prices dropped below $2 in late 2008. Since then, gasoline prices have been on a steadily approaching the $4 mark.
Considering that our enemies are using the profits from our purchasing their recourses to fund terrorist that come to our shores to kill us; maybe it is not entirely a good idea.
Funding your enemies is not a winning strategy.
The stone age didn’t end because we ran out of stones.
Neither did the bronze age or the iron age end from a lack of resources.
Eventually we will move on from petroleum as our source of transportation fuels. I highly doubt it will be because we ran out of oil.
Your plan could leave us under Islamic rule by the time we move to the next technology, after we funded them to develop it and control the source.
Right! Now!
We used to pay 3 cents for stripper well gasoline ~
Whenever I have to fill the tank!
I remember filling up in those days. Made $60 a week, but less than $4.00 to fill up the tank.
I remember back in 2000, seeing gas hit $1.50 and being incredulous.
gas was $1.99 when the boy took office... just sayin
Free market says there is no such thing as too high.
Taxes, the favorite intoxicant of DC political parasites, both federal and state are a contributor.
The United States federal excise tax on gasoline is 18.4 cents per gallon (cpg) and 24.4 cents per gallon (cpg) for diesel fuel. On average, as of April 2012, state and local taxes add 31.1 cents to gasoline and 30.2 cents to diesel for a total US average fuel tax of 49.5 cents (cpg) per gallon for gas and 54.6 cents per gallon (cpg) for diesel.
Link to each states gas tax: http://www.gaspricewatch.com/web_gas_taxes.php
Then, depending where one lives, there could be local/municipality/city et al fuel taxes.
Here’s a link to another site that has an interative map of the US and it gives each state’s tax rate also: http://www.bankrate.com/finance/taxes/gas-taxes-by-state.aspx
It’s $4.25 a gallon in the cheap Speedway station in Crook County Illinois.....
While I didn't want Obama to win, in hindsight, if this wakes up our politicians and others, then there is some gain. But sadly, I don't see that they have learned anything. The Stupid Party carries on blindly.
the third chart indicates gasoline might have gotten to the price it is now, anyway, going by the rate of increase it was doing since 2003, if that rate of increase had continued without the 2008 recesssion
Back in the mid 60s, we used up all the cheap gasoline.
I remember $.21/9 for 100 octane premium.
(Car got 8 miles per gallon)
And yet a lot of us didn't see those new dollars in circulation, we didn't get pay raises and or lost hours.
while everyone complains about the price of gasoline and blames it on those horrible oil companies (LOL), if, since the 1960s the price of gasoline had been rising every year as much as college tuition has risen, the gasoline would be costing over $12 a gallon
if there is anything that can be said about the price of gasoline it is that market forces -
compared to the force and demand of politics (the force and demand that rewards the education industrial complex in the name of “education for the kids”)
has done a better job at price restraint with gasoline compared to what has taken place with college tuitition
“And yet a lot of us didn’t see those new dollars in circulation, we didn’t get pay raises and or lost hours. “
These are “authorized” dollars. They were created with a the click of a mouse. They allow the government to buy things. They do, eventually, effect the economy by driving down the purchasing power of our “printed” dollars. If you’re China, and you’ve priced Wal-Mart widgets at $1/each, they are now $3/each. We, the public, are not seeing the full effect of this because we, the public, are panicked and hording our dollars.
When Carter increased the money supply 12% Paul Volker increased the interest rate to 20% for three years to compensate. But the Fed is no longer independent. It has tied down the interest rate (the economy’s safety valve) to somewhere between 0-1%. This is compounding the down-stream impact of the 300% increase in the money supply.
In 2000, It briefly hit almost 2.00 where I live. The funny part was Democrats I knew were blaming Bush, even though he wasn't president yet. I think it was around the time he was gaining in the polls and the debates hadn't finished.
This was also the time Democrats on TV and on the ground were whining that Bush was, "Talking down the economy".
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