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   
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    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
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    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
  • Low Prices at the Pump This Thanksgiving -
    Traveling for Thanksgiving? Gas Prices Are Lowest in Seven Years -
    11/24/2015 - 1:25 pm | View Link
  • 'This is strong leadership,' says Cenovus CEO on Alberta climate ... - CBC
    ... curbing greenhouse gas ... solutions to make that happen ... neutral tax, every dollar ... an increase of 4.7 cents per litre in gasoline ...
    11/23/2015 - 2:44 pm | View Link
  • J.C. Parets: An Open Letter About the Market - Minyanville
    Bad things tend to happen in ... Oil and Unleaded Gasoline futures as the tell. If prices ... Now let's look at natural gas. ... 60% of the US ...
    11/18/2015 - 4:08 am | View Link
  • Asian stocks rebound after Paris attacks - Minneapolis Star Tribune
    Energy Stocks Lead a Rally as the Price of Oil Climbs - Epoch Times
    11/16/2015 - 10:29 am | View Link
  • Oil, gas lead rally as stocks rebound - Vallejo Times-Herald
    ... what's going to happen, and ... as crude oil prices perked ... 96. Cabot Oil & Gas gained ... trading, wholesale gasoline ... The dollar ...
    11/16/2015 - 8:08 am | View Link
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  • Gasoline prices in Arizona at $2.83 per gallon
    Gasoline prices around Arizona ... fuel price predictions. "Two-dollar fuel is likely in some states, but overly optimistic for others," Gorman said. "If we are going to make a run for $2, the fall/winter is when it would happen." Arizona officer helps ...
    07/16/2015 - 1:14 pm | View Link
  • In Venezuela, cheap gasoline prices stir debate
    Gasoline costs roughly five cents a gallon in Venezuela. A vehicle that might cost $60 to fill in the United States could be tanked in the South American nation for less than a dollar ... prices. “We’re the country that consumes more gas per capita ...
    08/28/2014 - 12:18 pm | View Link
  • UPDATE 1-Thailand revamps fuel pricing to correct diesel-gasoline imbalance
    As a result, retail prices of gasoline will fall by 1.0-3.89 baht ($0.0313-$ ... reduce the cost of living could imply that an expected increase in domestic gas prices will not happen soon and that could dampen earnings of Thailand's top energy firm PTT ...
    08/27/2014 - 11:42 pm | View Link
  • Gasoline Prices: One Stat That Says A Lot About The US Economy
    For a variety of reasons (asset play, inflation fears, weak dollar hedge), the price of ... are experiencing prices over $3.70 for regular unleaded. Now, factor in what will happen to gas prices when demand starts to pick up in the U.S.?
    03/10/2014 - 5:50 am | View Link
  • States where drivers pay the least for gasoline
    the state’s current average gas price of $3.25 is a full dollar less than the Indiana all-time high of $4.25. The news source also reports that gas prices have declined in the state by more than 50 cents in the past month. Price per gallon, regular ...
    10/8/2011 - 3:53 pm | View Link
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  • Recent Gas News- Indiana Gas Prices
    Oil hits two-week highs on Mideast tensions, U.S. gasoline rally. Reuters -- Oil prices hit two ...
    11/25/2015 - 12:49 am | View Website
  • The Truth About Why Gas Prices Are Rising So High
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    11/24/2015 - 11:51 pm | View Website
  • Why Are Gas Prices Rising
    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.
    11/24/2015 - 10:33 pm | View Website
  • Why Are Gas Prices So High
    By Kimberly Amadeo. High gas prices are caused by commodities traders. They bid up the price of gas contracts on the commodities futures markets.
    11/24/2015 - 1:54 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.
    11/24/2015 - 1:33 am | View Website
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