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
  • Per-mile fee a better way to pay for roads, bridges - Madras Pioneer
    ... first to tax gasoline and ... state to replace gas taxes ... the value of the dollar has ... in demand by varying prices ... it possible ...
    06/23/2015 - 7:40 am | View Link
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  • Oil falls hard as U.S. crude supplies unexpectedly rise
    The selloff was a jolt to crude traders and investors who have seen U.S. prices in fairly tight trading ranges over the past 10 weeks versus sharper moves down in European oil. Canada’s gross domestic product shrank in April on oil and gas and mine ...
    07/1/2015 - 2:27 pm | View Link
  • Gas prices 'way beyond' where oil rebound should have them: BMO
    That makes Canadian pump prices doubly sensitive because they are heavily impacted by the value of the Canadian dollar. Gas price jump 'doesn ... We are right on track for that to happen again this year. And demand for gasoline is legitimately higher ...
    06/19/2015 - 11:31 am | View Link
  • Gas prices 'way beyond' where oil rebound should have them: BMO
    Doug Porter noted Thursday that while everything connected to crude oil has looked execrable since the slowdown that started last fall, Canadian gas prices have been especially loopy because of the impact of the Canadian dollar. A lot of the gasoline used ...
    06/19/2015 - 9:28 am | View Link
  • Here's Why It's Time to Consider a National Gasoline Tax
    Here's one: A new, national 50-cent gasoline tax ... cannot be considered very deep. Lower gas prices since the fall of 2014 have not translated into tremendous windfalls for the consumer, as many thought would happen. Nor did the high prices for gas ...
    06/18/2015 - 6:29 am | View Link
  • Why gas prices are going up as oil prices drop
    The price of gasoline ... and crude oil prices are always quoted in US dollars,” said Steve Bang, a business professor at Humber College. “So as our dollar slips against the U.S. dollar, what will happen is that the actual price of gas will go up ...
    03/19/2015 - 11:08 am | View Link
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  • Gasoline Stations
    Find cheap local gas prices near Sammamish, WA 98074-6319 with MapQuest. Lowest regular, premium, midgrade and diesel gas stations near King. Use our gas calculator ...
    07/2/2015 - 3:16 am | View Website
  • Michigan Gas Prices
    Earn points for reporting gas prices and use them to enter to win free gas. ...
    07/1/2015 - 8:49 pm | View Website
  • Ottawa Gas Prices
    Earn points for reporting gas prices and use them to enter to win free gas. ...
    07/1/2015 - 5:29 pm | View Website
  • AAA's Daily Fuel Gauge Report
    The American Automobile Association's media site for retail gas prices. Lists many different urban areas in the United States.
    07/1/2015 - 2:23 pm | View Website
  • Energy & Oil Prices: Natural Gas, Gasoline and Crude Oil ...
    Get updated data about energy and oil prices. Find natural gas, emissions, and crude oil price changes.
    07/1/2015 - 9:15 am | View Website
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