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Dubious distinction: U.S. gasoline prices hit 1,000 days above $3/gallon

  • The national U.S. average gasoline price chalked up its 1,000th consecutive day above $3/gallon today, with no break in sight, according to AAA.
  • The numbers offer some good news for drivers and bad news for oil companies: Monday’s price of $3.52 was $0.35 less than a year ago despite crude oil prices having risen ~$10/bbl in that time, and gas prices have stayed in a fairly narrow range of $3.40-$4 since the start of 2011.
  • Gas prices could moderate but they won't fall below $3/gallon, says Patrick DeHaan of GasBuddy.com; paying less than $3 may have gone the way of using eight-track tapes or going to a drive-in movie, AAA's Bob Darbelnet says.
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Comments (3)
  • captiankirkoptions
    , contributor
    Comments (213) | Send Message
     
    Completely wrong call.
    17 Sep 2013, 07:37 PM Reply Like
  • SoldHigh
    , contributor
    Comments (1013) | Send Message
     
    In other words, gas has a $2 handle coming...
    17 Sep 2013, 10:26 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (3378) | Send Message
     
    It's interesting to see how people become accustomed to paying higher gasoline prices every few years. I remember paying 25 cents a gallon in 1970,and the panic in 1979 when it went over a dollar. Each threshhold on the way up generates more panic but eventually people get used to paying it.
    17 Sep 2013, 11:50 PM Reply Like
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