There used to be a time when it took no more than $20 to fill your gas tank. Lately, however, it seems as though it takes that amount just to get the gas hand to read a little past half full. For those who are fortunate enough to own a vehicle, the rising cost of gasoline has become quite a concern. It is no secret that the cost of gas has risen since 9/11, but how long will it be before this seemingly overwhelming monopoly comes to an end?
At an average of about $2.55 per gallon for regular unleaded nationwide, the cost of gasoline is at an all time high and still rising. Locally, the current price for regular unleaded gasoline is $2.12 per gallon at UNCO, $2.19 at Exxon and $2.19 at Shell.
Jeremy Allen, a senior communications student, said, “Because of the war, I believe that the economy has had to balance itself out. With gas being one of our most commonly used resources, it was only a matter of time before it began to increase.”
As discouraging as this dilemma may seem, things could possibly become even worse. According to recent studies and various officials, at the current rate of increase, the price of gasoline is estimated to be, roughly, a little over $4.05 per gallon by the summer of 2007.
For those individuals who enjoy driving everywhere, they might want to consider cutting back on activities that require lengthy or constant travel.