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April 22, 2011

Gas prices rise for 4th straight week to $3.85

The Easter weekend has brought Maryland drivers a rotten egg in the form of gasoline prices.

The state's gas prices continued what looks like an inexorable march toward the $4 mark this week as they increased 3 cents from a week ago to match the national average for a gallon of unleaded of $3.85. It was the fourth straight week that prices have increased. The average has steadily climbed by 78 cents since the beginning of the year and is threatening to reach the $4 mark  by Memorial Day weekend, according to AAA Mid-Atlantic.

AAA said the increase has been driven by a run-up in the price of crude oil, which has been affected by unrest in the Middle East.

“The market’s momentum makes it impossible to rule out $4.00 a gallon gasoline by Memorial Day, despite some analysts’ predictions to the contrary, however we remain cautiously optimistic that we’ll see some gas price stability in the coming weeks," said AAA Maryland spokeswoman Ragina Averella.

Crude oil ended trading at more than $112 Thursday, up 2.4 percent for the week. Friday is a market holiday.

AAA said gasoline prices are reaching the point where they could have a significant impact on family summer travel -- as they did when prices last rose to more than $4 a gallon in 2008.

"The cost of gas may cause some people to change or altogether cancel their summer vacation plans," AAA said.

The average price has already reached $3.90 in the Washington suburbs, though Baltimore remains at the national and state average. The state's lowest prices are still found on the Eastern Shore, with the Salisbury average standing at $3.66.

The previous record was set in 2008, when the price hit a national record of $4.11.

 

Posted by Michael Dresser at 10:10 AM | | Comments (14)
Categories: On the roads
        

Comments

So who the h cares? I don't because I only use the car for Doctors and Grocery shopping. I might fill up every month or longer. I don't go galivanting all over the place like I use to. The oil mongols have seen to that. More people ought to stay home if possible. Hurt them at the pumps!

I hope it goes up more so people will get politicians to invest more money in public transportation and stop building stupid roads (ICC).

People if you can get on the trains or buses to get to work.

I refuse to buy a single drop more than necessary. I "staycation", and I sail for my hobbies. Wind is still free!

Who cares? You should care! It's not just the price to fill up at the pump. It's the cost of your groceries - or do you think food magically teleports onto the shelves in the store at night. As more people decide to stay home this summer, there are fewer people visiting parks and other attractions in the state, fewer people staying in hotels and eating at restaurants - which means lower tax revenues which the General Assembly will make up by raising your state income, property, and sales taxes. You should care very much about the rising price of gasoline.

Time to double the prices of mass transit and the MARC. Someone has to pay for the infrastructure so it might as well be the users.

But the reality is this - further weakening our currency and diminishing our nation's worth is changing how we live. More energy costs = less TVs, vacations and entertainment. Less TVs vacations and entertainment mean less retail, transportation and restaurants. Less retail, transportation and restaurants means less jobs. Less jobs means more unemployed. For the cerebrally challenged, this means higher taxes - but what's to stop the rich from moving out of the country? Or what's to stop the rich from simply cashing out? What's to stop the rich from firing more people and getting by with poorer quality, etc? Nothing. But that's what the lefties want. FACT.

Gas needs to go to $10 a gallon (and it will). Then Baltimore will truly have a new phase. All this cheap gas is fueling suburban sprawl, and herds of sheep running away from problems in the city. One day we have to face up to real problems instead of running as far as we can in our cars.

Taylor doesn't understand the cost gets passed on or as liberals call it "trickle" down. Taylor will pay.

Selfishness must beget smugness if you go by Calvin and Taylor's comments.

Contrary to the ideology of our society's 'Green' tree hugging population and politicians, this country runs on oil. Has for a century and will for a century more. Take away the oil and what do you have?...a very large third world country.

Over 51% of American workers are not commuters...they actually work on the road, truckers, salespeople, delivery people, etc. If you ant to blame someone for the current state of the gas price crisis you need look no further than the the current occupant of the White House.

Gas prices have doubled, during his term and he doesn't even seem to care.

If you voted for Obama in 2008 to prove you were not a racist, don't vote for him in 2012 to prove that you're not an idiot!

Both of the posts above show how stupid we as a people are. If the price of gas goes up, everything goes up. Oil moves everything. From the price of peaches to movie tickets. Everything.

why don't more people avail themselves of our area's excellent public transportation. Oh that's right we don't have an excellent public transportation system. Oops.

This is Bush's fault.

What the heck is Obama and our Congress doing about this? He berated Bush for not doing anything about gas prices and said actions can be taken when he was campaigning. Well? What the heck was he waiting for? Record gas prices before acting? It will push our economy back to recession if nothing is done soon. It's the speculators who are taking advantage of any situation they see.

I feel like every time the gas prices go up, there is some different excuse, some foreign country is unhappy, blah blah blah...oil spill here or there, blah...holiday travel, blah. I think it's all a big scam to raise prices just for the sake of raising them. I mean, so what if there is "unrest" in the middle east? Isn't there always?? Why does that affect the oil supply? It's all a bunch of crap! They raise and raise and raise, and than drop it to a point that is much higher than it was, but low enough to lull people into a false sense of relief that it didn't keep surging. I shake my head at myself when I catch myself saying, oh good, it's only $2.89, $3.15, $3.64...and so on. Eff that! It's overpriced, period.

Look up QE2 where the FEDS have created 600 billion of un-backed funds to prop up the stock market. These funds expire June 30 and the price of oil will plummet without the FED supported speculation in the Oil Futures Market. The FEDS are driving the price up and then Obama says the FEDS are going to investigate. The investigation is nothing but a publicity stunt for re-election.

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About Michael Dresser
Michael Dresser has been an editor, reporter and columnist with The Sun longer than Baltimore's had a subway. He's covered retailing, telecommunications, state politics and wine. Since 2004, he's been The Sun's transportation writer. He lives in Ellicott City with his wife and travel companion, Cindy.

His Getting There column appears on Mondays. Mike's blog will be a forum for all who are interested in highways, transit and other transportation issues affecting Baltimore, Maryland and the region.
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