While public transportation was the primary way Americans got around in the 1940s, the boom in car ownership eventually meant fewer people on subways and buses.
But thanks to high gas prices and an improving economy, that seems to be changing.
Turmoil in the Middle East is nothing new. Gas prices going up is nothing new. What is new is the possibility that we could be looking at prices at the pump lurking in the neighborhood of $5 a gallon by the summer. And that’s painful.
With the average price of gas approaching four dollars a gallon, the question becomes whether Americans are going to start to seriously changing their current driving habits and vacation plans, in light of this hike.
We already know gas prices are climbing precipitously high, but you don’t usually see them change right before your very eyes. For one news reporter, though, that’s exactly what happened.
Remember the summer of 2008 when the highest gas prices on record occurred and the price for a gallon of fuel hit $4.11?
Hate to break this to yah, but a warm winter and tensions in the Middle East have some analysts predicting current prices will top $4 by this spring — and could even climb as high as $6.50.
If it seems like it’s costing more and more to fill up your gas tank, it’s not just your imagination.
On average, a gallon of fuel costs 22 cents more than it did at this time last year. Worse yet, experts think it’ll climb higher still.
Thanks to a steep drop in crude-oil prices, gas costs have fallen below $3 a gallon in parts of Michigan, Missouri and Texas, and are expected to decline in many other states as well.
Call it an unexpected bright spot in the global economic crisis. Now that drivers have cut back on trips, shippers are moving fewer goods, and vacationers are staying closer to home, the demand for gasoline, diesel a