Facebook
RSS![[mccookgazette.com]](http://www.mccookgazette.com/images/nameplate31.png)
RSS
Print
Email link
Respond to editor
Read comments (3)
The national average for a gallon of regular gasoline is up to $2.75, or 81 cents higher than a year ago, but it's already over $3 in California, with its tighter emission standards.
Why won't the climb continue?
It's a simple matter of freshman economics.
The nation's unemployment rate stood at 9.7 percent in February, and the number of vehicle miles traveled last year was down 3 percent from 2007, according to the Federal Highway Administration.
No work means nowhere to drive, or, if we're underemployed, it means finding the cheapest way to commute -- walking, bicycling or using public transportation.
That's the demand side of the equation.
On the supply side, U.S. refineries have the capacity to process nearly 17.7 million barrels of crude a day, but are currently idling along at 14 million barrels a day.
If demand increases because of a reviving economy, the refineries are likely to speed up the pace, but no manufacturer likes to increase production only to see the price go down.
So, while it seems that $3 gasoline is on the way, it looks like only something like a refinery fire, natural or manmade disaster or market speculators -- or an economy that unexpectedly heats up -- would justify anything higher this vacation season.
Comments
Sure makes us wonder what is going on?
Why is gas 30 or 40 cents less in Wyoming or Colorado??
They don't have one of the highest gas taxes in the country to pay for the upkeep around a college football stadium. Has to be that as the roads around this part of the state are similar to those in some 3rd world countries
Also, they probably don't send out crews where just one guy works while the rest stand around or the guy with the most seniority sits on his duff in the vehicle.
Oldie, you're full of it......
The football program in Lincoln not only pays it's way, but also pays for just about all the other sports at the U.
The highways around here, in places do need some repairs, but for the most part are in fairly decent condition.
Perhaps you should apply for one of those rubber handled shovel jobs since you think they don't do anything. I have noticed that they were taking applications a week or 2 ago.
I'm sure the county roads are a real mess with all the moisture lately, but that's a different story.
It's big oil screwing the little guys again, I would like to know why the national average price increase has been 15 cents per gallon in the past 2 weeks and some of the a--holes in McCook have gone up 25 cents a gallon already, and most of you know who they are.......279.9 and Casey's was still at 269.9, but I'm sure they will follow the big green leader.
One reason Wyoming is cheaper, they have a tax on every ton of coal that rolls out of that state, it keeps all the rest of their taxes low. They tax their resources that leave the state, why doesn't Nebraska start a tax on every gallon of ethanol that leaves the state, or every bushel of corn?