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   
RELATED ARTICLES
  • 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
YAHOO NEWS:
  • Economists Say Inflation Is Tame; Consumers Aren't Buying It
    Economists regularly issue reports calling inflation tame or mild, or some other word that suggests consumers shouldn't be feeling much pain. One example: "Inflation has been tame and this is providing households with some relief" from economic stress, according to an assessment done this week by PNC Financial Services. But if you happen to be buying gasoline or groceries, you may not be feeling ...
    07/11/2014 - 8:01 am | View Link
  • July 22, 2014
    (BPT) - What do personalized movie-kiosk offerings, marketing campaigns and Godzilla all have in common? The obvious answer is “the movie industry,” but another equally important common element ties all three together: they’re all the product of big data.
    07/8/2014 - 4:04 pm | View Link
  • Gas prices sting, but won’t stop Fourth travel
    STILLWATER, Okla. — More than 460,000 Oklahomans are expected to hit the highway this weekend for the Fourth of July. Those travelers will face high gas prices.
    07/1/2014 - 11:10 pm | View Link
  • 'Noisy' Is a Pretty Good Word for It
    This across-the-board inflation is out of Yellen's hands.
    06/30/2014 - 7:01 am | View Link
  • To address climate change, nothing substitutes for reducing CO2 emissions
    The politically expedient way to mitigate climate change is essentially no way at all, according to a comprehensive new study by University of Chicago climatologist Raymond Pierrehumbert.
    06/27/2014 - 2:06 pm | View Link
  • More
BING NEWS:
  • Q&A: Making sense of why gasoline prices keep climbing
    What do you expect to happen with gas prices over the next few weeks ... When the demand decreases, the price decreases. The value of the U.S. dollar also drives the price of oil up or down. Q: But it’s not just simple consumption?
    08/1/2013 - 3:16 pm | View Link
  • Gasoline bubble has popped
    With safe haven seekers running to the dollar and bonds, and a lowered risk of war from Iran, oil prices and gas prices are getting hit ... What if the worst doesn't happen. "If the worst case scenario doesn't happen we're going to have a bunch of oil ...
    05/16/2012 - 2:58 am | View Link
  • Reasons Why Gasoline Prices are so High
    With oil prices so high, staggering quantities ... scenario—low prices and high production rates—is precisely what is being promised by politicians and oil industry PR hacks. What will happen later this year if gas prices do break the $5 per gallon ...
    03/3/2012 - 11:00 am | View Link
  • Gasoline Prices and Speculators: They Think You Are Stupid
    It is with great interest that I read this past week about the President's initial response to rising gas ... happen in the Middle East that might disrupt oil supply, so we're going to bet that oil is going to go up real high. And that spikes up prices ...
    04/24/2011 - 7:03 pm | View Link
  • To Many Area Drivers, New Jersey Is Gas Price Utopia
    That’s right — gas up in the Garden State ... “it doesn’t pay unless I happen to come to Jersey, because the tolls zero out the difference,” Sladowski said. But one Pace University economist said as prices rise there is no doubt many New York ...
    02/23/2011 - 11:00 am | View Link
  • More
BING SEARCH:
  • 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.
    07/30/2014 - 5:27 pm | View Website
  • gasoline-germany.com
    gasoline-germany.com is a project that allows users to input gasoline and diesel prices nationally and internationally, the prices are then statistically processed by ...
    07/30/2014 - 11:36 am | View Website
  • Michigan Gas Prices
    Search for cheap gas prices in Michigan, Michigan; find local Michigan gas prices & gas stations with the best fuel prices.
    07/30/2014 - 8:15 am | View Website
  • USA National Gas Price Heat Map
    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 ...
    07/30/2014 - 5:16 am | View Website
  • Gas Prices
    As gasoline prices continue to rise across the country, consumers are scrambling for ways to save money at the pumps. Figures released today by The American ...
    07/30/2014 - 2:32 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