gas prices soar toward $4

MH

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Apr 14, 2011, 12:46:51 AM4/14/11

to bicycletouring

As gas prices soar toward $4 a gallon, drivers cut back
Published: Tuesday, April 12, 2011, 12:30 AM
Tom Zanki | The Express-Times
http://www.lehighvalleylive.com/today/index.ssf/2011/04/as_gas_prices_soar_toward_4_a.html

It was bound to happen.

With gas prices approaching $4 a gallon, motorists have begun to drive less.

The recent decline reverses a trend of rising consumption that until now
was coinciding with an economic recovery.

According to tracking firm MasterCard SpendingPulse, gas consumption fell
3.6 percent for the week of April 1, the steepest decline since December.

Despite the clear upward surge of gas prices, some analysts were still
caught by surprise.

ï¿½More people are going to work. That means more people are driving
and they should be buying more gas,ï¿½ said John Gamel, director of
gasoline research for MasterCard.

Meanwhile others are forecasting prices to hit $5 a gallon this year.

David Whitmon

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Apr 14, 2011, 5:41:11 AM4/14/11

to MH, bicycletouring

We've been over $4.00 for some time now.

On Apr 14, 2011, at 12:46 AM, MH wrote:

> As gas prices soar toward $4 a gallon, drivers cut back
> Published: Tuesday, April 12, 2011, 12:30 AM
> Tom Zanki | The Express-Times
> http://www.lehighvalleylive.com/today/index.ssf/2011/04/
> as_gas_prices_soar_toward_4_a.html
>
> It was bound to happen.
>
> With gas prices approaching $4 a gallon, motorists have begun to
> drive less.
>
> The recent decline reverses a trend of rising consumption that
> until now
> was coinciding with an economic recovery.
>
> According to tracking firm MasterCard SpendingPulse, gas
> consumption fell
> 3.6 percent for the week of April 1, the steepest decline since
> December.
>
> Despite the clear upward surge of gas prices, some analysts were still
> caught by surprise.
>

> “More people are going to work. That means more people are driving
> and they should be buying more gas,” said John Gamel, director of

> gasoline research for MasterCard.
>
> Meanwhile others are forecasting prices to hit $5 a gallon this year.
>

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Scott G.

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Apr 14, 2011, 8:22:05 AM4/14/11

to bicycletouring

Last time gas reached $4+ bike shops reported a run, then
a shortage of 27 x 1 1/4 tires as old bikes were put back in service.

Gas prices are even better than Lance winning the TdF for
promoting cycling.

David Whitmon

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Apr 14, 2011, 11:31:50 AM4/14/11

to Scott G., bicycletouring

Two or three Summers ago gas hit the $5.00 mark. You should of seen
the bikes that came into the shop.

At the beginning of the Libyan conflict we hit $4.20 at the cheapest
gas station on the Island. It has since dropped down to $4.08/9.

I am surprised at how many are still driving pickups and SUV's.

Keith Ayres

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Apr 15, 2011, 7:59:31 AM4/15/11

to David Whitmon, Scott G., bicycletouring

On 14 April 2011 16:31, David Whitmon <whi...@vineyard.net> wrote:
> Two or three Summers ago gas hit the $5.00 mark. You should of seen the
> bikes that came into the shop.
>
> At the beginning of the Libyan conflict we hit $4.20 at the cheapest gas
> station on the Island. It has since dropped down to $4.08/9.
>
> I am surprised at how many are still driving pickups and SUV's.

According to a motoring organisation website, the March average price
in the UK was 1.39 GBP per litre, which seems to convert to $8.22 per
US gallon.