Americans Celebrate July 4th with Cheapest Gasoline in over a Decade – a Trend that Won’t Last
CNN Money reported the good news yesterday: the U.S. average price for gas is $2.23 per gallon. (2-2-3 may be a lucky number for some of us, if you get my drift … beats $5.56, doesn’t it?).
Anyway, I suggest reading through Chris Isidore’s good news article. Pay attention to the “warnings” at the end. The low prices won’t last forever – or even the summer.
$2.23 beats this:
Photo by Perrin Lovett.
I actually bought gas, yesterday, and in South Carolina – home to the nation’s cheapest. I paid $1.81 per gallon. It could have been $1.79 but I understand SC is finally going to pave their roads and needs some revenue…
Overall the prices are down about fifteen cents from last month. And there’s plenty below two bucks – usually near the pipelines. July fourth prices haven’t been this good since 2005.
But, as noted above, the good times won’t last. Of the coming price creep, Tom Kloza of AAA said, “I think today’s number might be about as low as it gets this summer.” Experts expect modest increases until the fall.
Just remember that a modest increase can become a gouge under the right (wrong) circumstances. Just one storm or one pipe breaking can rocket the prices sky high.
Now, when the money goes further, is the right time to think about and prep for the more expensive future – and for fuel emergencies.
Consider building a Gasoline Depot, as suggested by FP earlier this year.
*Laws may apply. May not be patented…
Picture by Perrin Lovett.
However, for as long as the prices do stay down – happy motoring, America!
Perrin Lovett writes about freedom, firearms, and cigars (and everything else) at www.perrinlovett.me. He is none too fond of government meddling.