Remember those debates about whether or not gas would reach $5 per gallon this summer? No? Well, surely you remember when they suggested it might reach $4 this summer? Well, it’s not summer yet, and where I live regular gas has reached $4.59 per gallon already. Check Google News to see all the reports of problems related to the unusual run up in gas prices… you won’t see much.
Oh sure we up here in the Upper Left Corner of the US are long drive away from refineries on the Gulf coast… transport from those refineries would add significantly to the cost of gas, especially if gas were increasingly expensive. And that’s why we have our own refineries just 5 miles away. Did you notice the picture above is a Conoco station? Yup.. they own the nearby refinery. Remember that thing called the Alaskan Pipeline? Ever wonder where that ends.. where the terminals are for all that American oil? yup.. relatively close to us, since we are the closest mainland terminus for the shipping routes. So why is gas so expensive? I bet it’s not yet $4.59 per gallon near you. I also bet it will be soon.
At $4.59 for regular, things are already starting to break.