US Gas Prices Over $3 For Record 1000 Days
Posted by Big Gav in oil price, peak oil
NBC reports that US petrol prices have a set a record number of days above $3 a gallon (I always love these archaic imperial measurements that the Americans cling on to) - Gas Over $3 for Record 1000 Days. Just imagine how high they would be if fracking hadn't killed peak oil.
AAA reports the national average for gas prices have been above $3 per gallon for 1,000 consecutive days. It’s the longest gas prices have remained over that threshold and AAA says you should expect it to stay there unless we have another major recession. It's been going on even longer in Washington state -- 1,077 days. “Paying less than $3 per gallon for gasoline may be automotive history for most Americans, like using 8-track tapes or going to a drive-in movie,” AAA President and CEO said.Although some individual gas stations may have charged $4 or more per gallon during the 1,000-day streak, the national average has never reached that mark. It got close on May 5, 2011, when it reached $3.98 per gallon.