I was online searching for a topic to blog about and on yahoo news I saw this title: “Average U.S. gasoline price rises 10 cents a gallon.” http://news.yahoo.com/s/nm/20090412/us_nm/us_usgasoline_survey. I wasn’t really surprised when I found this article because I had notice the increased in prices on my drives to the gym, which I soon regretted not filing up my tank sooner. I ended up filling my tank at $1.95/gallon. The article states that the price is not as high as it was a year ago but the 10 cent increase on prices is related to the warmer weather, the warmer the weather the lower the required limit on vapor pressure.
Prices in the summer are always high in comparison to the prices over the year; my question is how low the prices of gas will stay in comparison to last year’s prices. The article states that the price should not surpass last year’s high of $4.12 “unless there’s a crude oil shock.” I’ll be living in Houston this summer, which means longer commutes to get anywhere in the city; thus, increasing my spending budget on gas. So I’m curious to know by how high gas prices will be this summer.