Gasoline Prices: $6 Gas? Could Happen If Dollar Keeps Getting Weaker

A dollar plumbing three-year lows is hitting Americans squarely in the gas tank, and one economist thinks it could drive prices as high as $6 a gallon or more by summertime under the right conditions.

Sections:  news   business   
Topics:  currency   dollar   driving   gas prices   
  • Dollar rises above 100 yen for 1st time in 4 years
    The dollar has risen above 100 yen for the first time in more than four years as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves. More
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • Redesigned $100 Bill Ready by Oct.
    The Federal Reserve announced Wednesday that it will begin circulating a redesigned $100 bill this fall, more than two years after its initial target. The Fed has set a new target date of Oct. 8. The redesigned note incorporates added security features, such as a blue, 3-D security ribbon and a disappearing Liberty Bell in an inkwell. More
  • Drivers benefit as oil prices drop sharply
    A sharp decline in the price of oil this month is making gasoline cheaper at a time of year when it typically gets more expensive. It's a relief to motorists and business owners and a positive development for the economy. More
  • Court Rules Warrants Are Needed to Draw Blood in Drunken-Driving Cases
    The fact that alcohol dissipates from the bloodstream over time does not by itself allow the police to take blood over objections, the Supreme Court ruled. More
  • Beyond Alt: Understanding the New Far Right
    This didn’t happen out of nowhere; the new reactionary spiderweb is ... Now, though, you can reproduce your ideas essentially infinitely, for prices so low as to be effectively free, and suffer no ill social effect. In fact, online, toxic ideas are ...
    04/30/2017 - 2:07 pm | View Link
  • Eastman Chemical (EMN) Q1 2017 Results
    All of these actions are helping us to offset challenges we continue to face, including uncertain global GDP growth, a stronger dollar ... drop in propylene prices for one month, the propylene prices, the propane prices, the natural gas prices, the ...
    04/28/2017 - 1:00 am | View Link
  • Gasoline Prices Are Up, and Going Higher
    So, ever since then we’ve paid for our prices in U.S. terms ... of gasoline to perhaps as high as a dollar-10, dollar-14. If it doesn’t happen it just means that you’re really benefitting from a gas price war, because they can’t continue to ...
    04/8/2017 - 6:20 am | View Link
  • Gasoline prices may be leveling out
    That gives the dollar greater buying power overseas. "Hopefully, oil prices have reached their peak for the short term and gas prices can slip due to declining demand after the holidays," he said. Jenkins said it is too soon to say what may happen in January.
    12/19/2016 - 11:00 am | View Link
  • Could Arizona see $1 gas again? AAA weighs in as prices drop
    PHOENIX - Miss seeing $1 or less on those gas station signs? We do too. It’s been a long time since we’ve seen gas prices under a buck in Arizona, but could it happen again ... may prevent gas from reaching the dollar mark. But, there is some good ...
    01/12/2016 - 4:33 pm | View Link
  • More
  • Rising Gas Prices: How High Has it Gone Over the Years ...
    Inflation Adjusted Data. Gas prices are spiraling through the roof like never seen before. People often point to specific years that gas was so cheap, in an effort to ...
    04/28/2017 - 9:33 am | View Website
  • 6 Ways to Prepare for Rising Gas Prices – $5 Per Gallon ...
    Gas prices are steadily rising, and is predicted to hit $5/gallon soon. Read these 6 ways to prepare by decreasing your reliance on gas and save money.
    04/26/2017 - 5:28 pm | View Website
  • The Truth About Why Gas Prices Are Rising So High
    What's the real reason why gas prices are rising so high? It's probably not what you think. Find out the full details here.
    04/26/2017 - 2:04 am | View Website
  • Gas Prices Explained
    Gasoline, Diesel and Crude Oil Prices. Changes in gasoline and diesel prices mirror changes in crude oil prices. Oil Prices Relate to Many Uncertain Factors
    04/24/2017 - 4:01 am | View Website
  • Why don't gas prices fall?
    Why don't gas prices fall? By STEVE AUSTIN for OIL-PRICE.NET, 2015/07/22. Since the price of crude oil started to tumble in June 2014, almost $80 has been wiped off ...
    04/21/2017 - 8:58 am | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News