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.

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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
  • Pumping for change: 'The Oracle of Oil' T. Boone Pickens on low gas ... - Yahoo! News
    ... just a few years ago in 2008, when gas prices across the ... on traditional gasoline – ... is less than a dollar a ... things were going ...
    10/20/2014 - 11:40 am | View Link
  • What the Strong Dollar Does to Yellow and... - Safe Haven
    ... dollar pushed bullion prices ... The same could happen to oil ... lower gasoline prices. As of this writing, the national average for a ...
    10/20/2014 - 9:02 am | View Link
  • Markets Live: Recovery in full ... - Canberra Times
    ... as the Australian dollar ... the key Singapore gasoline ... on what could happen after the ... reductions since 2010. Prices ... into the ...
    10/19/2014 - 1:01 pm | View Link
  • To buy Medibank or not... Well, broadly speaking, health insurance ... - Brisbane Times
    ... as the Australian dollar ... the key Singapore gasoline ... on what could happen after the ... reductions since 2010. Prices ... into the ...
    10/19/2014 - 12:30 pm | View Link
  • Markets Live: ASX defies odds - Canberra Times
    Markets Live: ASX defies odds - Brisbane Times
    10/16/2014 - 1:29 pm | View Link
  • More
  • High gasoline demand is coming
    For one second just think about the dock workers that are making less than a dollar ... to happen with gasoline. Yet we’re still running crude over 15M b/d in the third week of October. The last time we were running over 15M in October was in the gas ...
    10/17/2014 - 6:59 am | View Link
  • UPDATE 1-Thailand revamps fuel pricing to correct diesel-gasoline imbalance
    Analysts said the military government's plan to reduce the cost of living could imply that an expected increase in domestic gas prices will not happen soon and that could ... fixed price of $333 per tonne. (1 US dollar = 31.9200 Thai baht) (Reporting ...
    08/28/2014 - 12:01 am | View Link
  • Q&A: Making sense of why gasoline prices keep climbing
    What do you expect to happen with ... drivers of gas prices? A: In general, it’s the fundamentals of supply and demand. When demand increases, price increases. When the demand decreases, the price decreases. The value of the U.S. dollar also drives ...
    08/1/2013 - 3:59 pm | View Link
  • Rising gasoline prices crimp Americans' spending
    But those stimulus measures are also pushing oil prices up. If gasoline prices follow, consumers will have less money to spend elsewhere. The impact of the Fed's actions “is likely to weigh on the value of the U.S. dollar and lift commodity prices ...
    09/14/2012 - 9:01 pm | View Link
  • Gasoline prices forecast to drop, and that’s not necessarily a good thing
    That’s because the Texas economy has been stronger than elsewhere in the country because of an oil and natural gas boom ... stop the economic bloodshed, oil prices will rise. That’s because if the value of the dollar declines, it will take more ...
    08/2/2012 - 5:16 pm | View Link
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    GasBuddy can help you find cheap gas prices near you. Join now, and get a chance of winning a $100 gas card by reporting gasoline prices.
    10/20/2014 - 10:23 pm | View Website
  • Gasoline Price History
    Gasoline Price History. The following plots show how much I paid for each gallon of gas I bought over the past 34 years or so. The data has a somewhat varied pedigree.
    10/20/2014 - 6:20 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.
    10/20/2014 - 4:54 pm | View Website
  • Gas Price Breakdown
    A gas price breakdown shows how many factors affect the price of gasoline. Learn about the gas price breakdown and see what percentage goes towards gas taxes.
    10/20/2014 - 1:33 pm | View Website
  • USA National Gas Price Heat Map
    Now you can see what gas prices are around the country at a glance. Areas are color coded according to their price for the average price for regular ...
    10/20/2014 - 12:29 pm | View Website
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