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
  • SE Asia Stocks -Philippine shares retreat on rate outlook; Thai PTT ... - Yahoo! Finance
    ... reduction in gasoline prices. ... imply that an expected increase in domestic gas prices will not happen soon and that ... (1 US dollar = ...
    08/28/2014 - 7:41 am | View Link
  • UPDATE 1-Thailand revamps fuel pricing to correct diesel-gasoline ... - Reuters
    ... reduction in gasoline prices ... imply that an expected increase in domestic gas prices will not happen soon and that ... (1 US dollar = ...
    08/28/2014 - 7:16 am | View Link
  • In Venezuela, cheap gasoline prices stir debate - Miami Herald
    ... nation for less than a dollar. ... Venezuela’s gasoline prices haven’t budged in 17 ... mulling increasing gas prices. ... some wonder ...
    08/28/2014 - 7:13 am | View Link
  • Musings On The Second Great Recovery Experiment And The Promise Of ... -
    The September 2014 Recession? - Minyanville
    08/25/2014 - 11:36 am | View Link
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  • 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
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  • In Venezuela, cheap gasoline prices stir debate
    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 ... debate” about raising prices. “We’re the country that consumes more gas per capita in the world and we have the ...
    08/28/2014 - 12:18 pm | 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 - 3:16 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 of low-grade hydrocarbons ... 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 psychological barrier? First, the problem ...
    03/3/2012 - 11:00 am | View Link
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  • Gas Prices
    Gas Prices Gasoline Prices for U.S. Cities. Click on the map to view gas prices for cities in your state.
    08/28/2014 - 9:46 pm | View Website
  • HowStuffWorks "How Gas Prices Work"
    In May 2008, average gas prices in the United States approached, and in some places passed, $4.00 a gallon, shattering records. But this was nothing new to American ...
    08/28/2014 - 9:46 pm | 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.
    08/28/2014 - 11:01 am | View Website
  • Gasoline and Diesel Fuel Update
    Petroleum & Other Liquids. Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. Natural Gas
    08/28/2014 - 8:31 am | View Website
  • Gas Prices
    States Probe Gas Price Jumps Attorneys General from more than 30 states are investigating the underlying cause for sudden and dramatic increases in gasoline prices
    08/28/2014 - 6:44 am | View Website
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