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
  • Indonesia exploits oil price weakness to scrap fuel subsidies - Fortune
    ... raise domestic gasoline prices ... As such, the rise in gas prices will happen from a lower base, limiting the impact ... week high against ...
    11/18/2014 - 11:43 am | View Link
  • 10 Kremlin Moves That Hurt Russia's Economy - Moscow Times
    ... people who made them happen. ... versus the U.S. dollar since ... 6. Gas Prices As oil prices plummet, gasoline prices in Russia continue ...
    11/18/2014 - 11:33 am | View Link
  • TMQ: More penalties on defenses changing NFL -
    ... in line for a half-million-dollar academic bonus. ... likely to happen anyway, owing to improving energy efficiency, plus rising use of natural ...
    11/18/2014 - 4:11 am | View Link
  • Financial Sphere Bubbles - Safe Haven
    ... they don't happen often. ... after the U.S. dropped dollar ... to lower prices. Lower prices ... Gasoline fell 4.3% (down 27%), and ...
    11/15/2014 - 9:24 am | View Link
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  • High gasoline demand is coming
    Of course this was going to happen with gasoline. Yet we’re still running crude over 15M b/d in the third week of October. The last time we were running over 15M in October was in the gas guzzling ... Record prices for record demand.
    10/17/2014 - 6:59 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
  • 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 crude has risen ... Now, factor in what will happen to gas prices when demand starts to pick up in the U.S.? Assuming flat oil prices, an average regular unleaded ...
    03/9/2014 - 1:00 pm | 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
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  • Today's Gas Prices
    The American Automobile Association's media site for retail gas prices. Lists many different urban areas in the United States.
    11/26/2014 - 5:01 am | 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.
    11/26/2014 - 1:41 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 ...
    11/26/2014 - 1:19 am | View Website
  • Gas prices by state
    Gas prices reflect the average price in each state and are updated daily from data gathered by the AAA Fuel Gauge Report. Source: AAA Fuel Gauge Report, November 3, 2014
    11/25/2014 - 10:35 pm | View Website
  • 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.
    11/25/2014 - 9:20 am | View Website
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