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   
  • 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
  • Fall in oil prices brings out the Know-It-Alls - USA Today
    ... would not lower gas prices. "'Drill, Baby, Drill' Fails: Why Gasoline Prices Remain ... foresaw a collapsing dollar ... what will happen to ...
    01/17/2015 - 5:56 am | View Link
  • macro Americans Feel Great About the Economy, Have Sheikh to Thank ... - New York Magazine
    ... drop in gas prices, rather than a boost in paychecks? In some sense, no — a dollar ... back $4-a-gallon gasoline ... crossed for that to ...
    01/16/2015 - 6:37 am | View Link
  • The pros and cons of cheap oil - Grist Magazine
    The early results: Gasoline ... revenue for every dollar drop ... first question is, “What’s going to happen to gas prices?” When gas ...
    01/15/2015 - 7:58 am | View Link
  • The Koch Brothers - Rolling Stone
    ... six ethanol plants, a natural-gas-fired power ... to embark on a multi-billion­dollar tar-sands ... heat and heavy pressure to boost ...
    01/13/2015 - 1:54 pm | View Link
  • US stocks end see-saw day lower; Oil remains volatile - Boston Herald
    US Stocks End See-Saw Day Lower; Oil Remains Volatile - ABC News
    01/13/2015 - 6:11 am | View Link
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  • Its a good time to kill gasoline tax
    Not that there aren’t arguments favoring a hike: Fuel taxes have been stuck at 18.4 (gas) and 24.4 (diesel ... and circumstances have conspired to drive pump prices to their lowest levels in five years. House Minority Leader Nancy Pelosi says it ...
    01/22/2015 - 10:15 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 dampen earnings of Thailand's ... (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 - 3:48 am | View Link
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  • 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.
    01/26/2015 - 12:36 am | View Website
  • 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 ...
    01/25/2015 - 9:51 pm | View Website
    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.
    01/25/2015 - 7:35 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.
    01/25/2015 - 6:49 am | View Website
  • Today's Gas Prices
    The American Automobile Association's media site for retail gas prices. Lists many different urban areas in the United States.
    01/25/2015 - 5:45 am | View Website
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