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High Five
Tuesday, March 08, 2011

With the average price for a gallon of unleaded up 74 cents higher than a year ago, Oregon is feeling the ripple effects of high gas prices.

Prices that are expected to top $4 soon are forcing many Oregonians to rethink their driving habits.

Memories of $4-a gallon gas are still fresh from a few years ago. Now with the cost of a barrel of oil at $105.44, there is worry revolts in the Middle East could disrupt supplies from top oil exporters. New habits now die hard

There is concern now on the overall effect on our fragile economic recovery.

"Generally speaking the higher gas prices are in U.S., the slower our economy will grow, because we import most of the oil that we use," said Shaw Narancich, an economist with Ferguson Wellman Capital Management.

Higher prices are being felt at the grocery store, on heating oil. Most airlines are now adding a fuel surcharge.

Read more at KGW.
 
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    Jon
    0 #1 What? Gas is going up? Again? — Jon 2011-03-08 11:28:15
    Well, I'm old enough to remember when gas was twenty cents a gallon. My 50 Plymouth would run for a week on a dollars worth of regular.
    Of course this would not be the case if the environmentalis ts would get real and we could provide all the gas we need for ourselves from the reserves in Alaska (90 billion gallons of good oil just sittin' in the ground getting older. We also have so much oil in the Dakotas that we could refine it and start exporting some of it around the world. But, no. We'd rather pay the higher prices and line the pockets of those countries that love us so much. What a bunch of goofballs!!
    Yes, I'm getting cynical in my old age.
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