Summer Gasoline Price Increases

You may have noticed that gasoline prices have been increasing.  In December 2009, we were paying about $2.699 for a gallon of regular. Gasoline prices are expected to increase "slightly" this summer. According to the EIA (Ref. 1), gasoline will cost, on average, about 49 cents per gallon more this summer than it did last summer. Their information states that gasoline cost $2.35 a gallon in summer 2009 and is expected to cost $2.84 this summer. These are average prices, and our prices are higher.

The EIA uses April 1 through September 1 as the summer months. Here is a quotation from the report:

"The forecast has the annual average regular grade retail gasoline price increasing from $2.35 per gallon in 2009 to $2.84 in 2010 and to $2.96 in 2011, primarily because of projected rising crude oil prices. Average U.S. pump prices for regular gasoline are likely to exceed $3 per gallon at times during the driving season, and already exceed $3 per gallon in some areas."

Our gasoline prices are higher than the EIA average. Currently (6am today prices), the price of regular gasoline ranges from $2.999 to $3.109 per gallon.  In December 2009, we were paying about $2.699 for a gallon of regular. This was a reduction from June 2009 price of about $2.969 per gallon.

Here is a site which features gasoline prices in various zip codes. I have entered the zip 60187. I encourage all residents to purchase gasoline at stations located within our town borders. A portion of the taxes collected returns to the community to pay for our services:
Link to Gasoline Prices Zip 60187

Comments, Corrections, Omissions, References
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(Ref. 1)   Link to Energy Information Agency Short Term Outlook

2. This information is provided as an aid to those who are budgeting.