I was at the pump yesterday and noticed for the 4th day that the prices have continue to rise. So when I got home, I started reading articles to see if relief was on the way. I found out that the prices could ris even more…fast!
“With gas prices averaging nearly $4.50 per gallon, distraught drivers might feel they’re due for a break. But gas prices seem likely to go higher, and maybe break $5 on average, as Russian oil disappears from the market and producers struggle to keep up with demand.”
“My expectation is it’s going to get worse for consumers,” Vicki Hollub, CEO of Occidental Petroleum, said at a May 13 online forum sponsored by the Dallas Federal Reserve Bank. “Spare capacity is at a multi-decade low. New production to meet demand. Oil is going to continue to stay at high prices and gas prices will stay high, as well. – Rick Newman – Senior Columnist (Yahoo Finance)
I personally think our congress needs to get creative and find a way to give relief to people that really need it. Most people would associate this with some sort of a stimulus for gas. I just think they should be creative for once and figure out a way to give drivers a discount that doesn’t put everyone in a bind to cover regular expenses everyday like food. What do you think we need?
