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   
RELATED ARTICLES
  • 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
BING NEWS:
  • 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 - 9:37 pm | 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
  • 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
  • More
BING SEARCH:
  • Gasoline vs. Oil Price Chart
    Are Oil Companies Ripping us off with Gas Prices? Recently Crude prices and Gasoline prices at the pump have fallen due to action by OPEC and especially Saudi ...
    01/20/2017 - 6:00 pm | View Website
  • inflation-adjusted gasoline prices
    Petroleum & Other Liquids. Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. Natural Gas
    01/20/2017 - 9:53 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 ...
    01/20/2017 - 3:12 am | View Website
  • Gas Prices Explained
    Gasoline, Diesel and Crude Oil Prices. Changes in gasoline and diesel prices mirror changes in crude oil prices. Oil Prices Relate to Many Uncertain Factors
    01/19/2017 - 5:25 pm | View Website
  • The Truth About Why Gas Prices Are Rising So High
    What's the real reason why gas prices are rising so high? It's probably not what you think. Find out the full details here.
    01/18/2017 - 2:13 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News