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On This Day In History, Gas Prices Have Never Been Higher

On This Day In History, Gas Prices Have Never Been Higher thumbnail

It seems not a day goes by when the mainstream media (or your local friendly asset gatherer) proclaims the drop in gas prices from a Middle-East-turmoiling Summer as “great news” and very positive and an implicit tax cut… as they try to juice hopes and dreams of a better-than-expected holiday spending season. The sad truth – something unusual in this new normal – is that regular gas prices (at $3.258) have never been higher on Christmas Eve. It seems context does matter…


Yesterday, we inched out 2012’s $3.247 and moved to $3.258 per gallon…


This is the first time since March that gas prices have been at seasonally-comparable record highs.


11 Comments on "On This Day In History, Gas Prices Have Never Been Higher"

  1. Makati1 on Wed, 25th Dec 2013 12:58 am 

    GO! GO! GO! $8 gas in 2014!

    The faster prices go up, the quicker the collapse and reset.

  2. Norm on Wed, 25th Dec 2013 2:44 am 

    i bet when you toss in some inflation, and since we are already post-peak on the ‘conventional crude’ (what i keep seeing on internet, is conventional peaked 2008 and would like more of that kinda info), anyways betcha when we get a bit more shortage and a bit more inflation, it hits $6 a gallon, or more. Then comes another recession as a result.

  3. Kenz300 on Wed, 25th Dec 2013 3:43 am 

    Buy an electric vehicle and wave as you pass the fueling station at all the people still using gas.

  4. tahoe1780 on Wed, 25th Dec 2013 5:35 am 

    Kenz, How many of us can afford them? How much fossil fuel is embedded in their manufacture? How much fossil fuel (coal?) will be burned producing the electricity to power them? (or alternatively, how much fossil fuel will be used to produce the wind turbines and backup gas-fired plants?) What good is having an electric car if the economy and the town around you is collapsing?

  5. Keith on Wed, 25th Dec 2013 5:41 am 

    Tahoe I agree. Powering down is the way to go.

  6. Bernd1964 on Wed, 25th Dec 2013 7:18 am 

    @Kenz300: please don’t forget to own a good insurance for your car AND your house if you really decide to buy an electric vehicle because even new E-cars happen to burn for no reasons from time to time, just look at the picture in this article here:

  7. rockman on Wed, 25th Dec 2013 2:31 pm 

    And if one likes inflation adjusted comparisons:

    We’re essentially back to the same relative price of 1980. But still about $.20/gallon less than the high of 1918. Interesting to note that after the 1980 high the world slide into a recession that lead to $10/bbl oil and the lowest inflation adjusted motor fuel prices in history.

  8. BillC on Wed, 25th Dec 2013 7:02 pm 

    Now the price electricity is at an all time high. As a society we are screwed no matter what period

  9. Jerry L on Thu, 26th Dec 2013 10:00 am 

    Buy and use a bicycle as much as possible. Its good for your pocketbook, its good for your health and it good for the environment. When you get too old to bike any more, use the money you saved to buy a photovoltaic system for the roof and a small electric car. Don’t buy so much junk so you wont need to buy a big car to carry it all home and then to carry it to the dump

  10. TIKIMAN on Thu, 26th Dec 2013 12:55 pm 

    In MN gas prices went from $2.81 to $3.19 overnight. I am positive this can be blamed on the holiday week.

  11. Kenz300 on Thu, 26th Dec 2013 9:39 pm 

    As long as oil is the main and largely only source of transportation fuels the price will continue to rise.

    There needs to be competition for capitalism to work. Otherwise you have a virtual monopoly and monopolies are only good for the monopoly and not good for the consumer.

    Any alternative to oil for transportation fuels is a good alternative. There needs to be more competition and an end to the monopoly of the oil companies.

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