[Masthead] Fair ~ 50°F  
High: 66°F ~ Low: 50°F
Friday, Apr. 29, 2016

Gas price watch: Area motorists change habits, gloomy about future

Friday, May 30, 2008

Editor's note: Online polls do not use scientific methods. Results should not be considered accurate or reliable but can be seen as rough indications of public opinion.

If the response to two recent polls on The Marshall Democrat-News Web site is any indication, high gasoline prices are starting to have an effect on the lives of Saline Countians and they do not anticipate any relief soon.

In a poll that was available from Friday, May 23, to Tuesday, May 27, readers were asked, "Will your Memorial Day weekend travel plans be affected by high gas prices?"

Of 150 responses, less than 20 percent (29 votes) said gas prices would make no difference, they planned to travel regardless.

Fewer people -- 11.3 percent (17 votes) -- said they would travel but planned to cut back the length of their trips.

The vast majority -- nearly 70 percent (104 votes) -- indicated they would stay home over the holiday weekend, which typically serves as the launch of the summer travel season.

Gas prices have risen 60 cents per gallon in the six weeks since mid-April, going from $3.19 on Wednesday, April 16, to a peak of $3.79 on Tuesday, May 27, before falling back to $3.69 at most stations Wednesday, May 28, where they remain Friday, May 30.

That trend and gloomy predictions by energy industry prognosticators seems to have convinced readers that the end of rising prices is not yet in sight.

In a poll that was available from Tuesday, May 27, through Friday, May 30, only 2.4 percent of the respondents selected the option of "(Gas prices) have topped out now."

By mid-morning Friday, 341 responses had been made, with predictions of where prices will peak as follows:

--$4: 8.8 percent (30 votes),

--$4.25: 19.1 percent (65 votes)

--$4.50: 16.7 percent (57 votes)

--$4.75: 6.2 percent (21 votes)

--$5: 15.2 percent (52 votes)

A plurality of voters was even more pessimistic. Opting for "The sky's the limit" were 31.7 percent (108 votes).

"It is very scary when I think of what the future brings. I might need to buy a pair of horses to pull my van when it's all said and done," said one respondent.

Another respondent lamented the country's inability to develop new sources of oil in recent years.

"Since the environamenalists didn't let us drill for oil for so many years -- it will take some time for us to get our process underway -- glad we have ethanol to take up some of the slack," the person said.

One person noted the market role in the price increase: "This about supply and demand: supply is dropping and worldwide demand is increasing. Prices will likely be $7 a gallon in summer of 2009."

An expert quoted in a recent Pittsburgh Tribune-Review news story about the market forces creating the price spike noted the same thing.

"Global demand for crude oil continues to increase. Demand has to slow, to respond to price," said Mary Novak, managing director for energy at consulting firm Global Insight in Lexington, Mass.

On the Net:

www.cnn.com/2008/US/05/26/gas.driving/

www.pittsburghlive.com/x/pittsburghtrib/...

Contact Eric Crump at marshalleditor@socket.net


Comments
Note: The nature of the Internet makes it impractical for our staff to review every comment. If you feel that a comment is offensive, please Login or Create an account first, and then you will be able to flag a comment as objectionable. Please also note that those who post comments on marshallnews.com may do so using a screen name, which may or may not reflect a website user's actual name. Readers should be careful not to assign comments to real people who may have names similar to screen names. Refrain from obscenity in your comments, and to keep discussions civil, don't say anything in a way your grandmother would be ashamed to read.

People just need to look to the source of the oil crisis and exporting american jobs overseas. His name Is george bush and you voted him into office, twice.

-- Posted by kt_01 on Sat, May 31, 2008, at 1:44 PM

NanaDot:

Yes.

"War is a racket. It always has been." --Gen. Smedley Butler

http://www.wanttoknow.info/warisaracket

-- Posted by Eric Crump on Sat, May 31, 2008, at 8:58 AM

What Americans need to decide:

FOREIGN WARS OR DOMESTIC OIL

If the US Government spent a trillion dollars over 8 years on domestic oil production from known reserves in the Gulf of Mexico, the Continental Shelf and coal gasification instead of War in Iraq gas would be $2 a gallon or less. America could quit sending billions to countries that sponsor terrorism. And reducing our trade imbalance keeps jobs in America. Every billion of trade deficit costs 13,000 jobs. $400 billion for oil last year: do the math.

America has 1/4th the coal on planet earth. South Africa is producing 300,000 barrels of gas and diesel a day from coal. And synthetic fuel from coal is cleaner burning than gas. And it can be produced cheaper than from $100+ a barrel crude oil.

Harness your anger at the pump. Call you're US Senators and demand domestic production in this decade. Raise your voice or the oil companies and politicians will assume you are ready to pay even more.

PS - If America uses its own energy resources the result is more oil for other countries and downward pressure on prices. It is just being a good neighbor.

-- Posted by BenDoubleCrossed on Fri, May 30, 2008, at 2:57 PM


Respond to this story

Posting a comment requires free registration: