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
  • What To Make Of Cooling Gasoline Demand
    Demand may be down, but the price of gas is going to continue to remain ... is how the price of oil responds to this lower demand. Oil prices may well be under pressure both on account the strong dollar but more so, on account of less than expected demand.
    12/22/2016 - 11:00 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
  • The Market: Crude Futures to $30/barrel and Gasoline below $1.70/gallon soon
    The U.S. dollar strengthening over the last year has furthered the acceleration of the decline in crude prices. I do not see the U.S. dollar weakening any time soon thus furthering my view on future gas prices ... article for The Houstonian because ...
    03/17/2015 - 5:14 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 - 12:42 am | View Link
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  • Glossary
    Energy Information Administration - EIA - Official Energy Statistics from the U.S. Government
    02/21/2017 - 3:35 pm | View Website
  • Charting The Dramatic Gas Price Rise Over the Last Decade
    Looking at the yearly changes in both CPI and gas prices in the chart above, one can see the contrast of the CPI’s steadiness and the volatility in gas prices.
    02/20/2017 - 12:58 pm | View Website
  • Recent Gas News- North Carolina Gas Prices
    Mexican gasoline market reforms could influence U.S. gasoline export trends. EIA -- The Mexican ...
    02/20/2017 - 10:50 am | View Website
  • Gas Price Predictions and More!
    Keep track of gasoline prices, oil prices, future gasoline prices, future oil prices, see predictions, get price prediction, find gasoline prices, see if
    02/20/2017 - 3:26 am | View Website
  • 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 ...
    02/19/2017 - 6:07 pm | View Website
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