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
  • Inside the Koch brothers' toxic empire - Axis of Logic
    ... six ethanol plants, a natural-gas-fired power ... to embark on a multi-billion­dollar tar-sands ... heat and heavy pressure to boost ...
    10/30/2014 - 9:37 am | View Link
  • Venezuela Imports Crude Oil From Algeria - Bloomberg
    ... of all the shale gas and oil ... dollars per gallon gasoline. ... thereby reducing oil prices. I think the dollar has a ... make these ...
    10/29/2014 - 4:18 am | View Link
  • Oil Prices Outlook for 2015 -
    ... the impact on the dollar by ... as the shale revolution has brought down gas prices and ... are, it should happen quickly. ... global ...
    10/28/2014 - 9:01 am | View Link
  • More Wackoism - Safe Haven
    Sure 'It' Doesn't Happen Here ... the value of a dollar in terms ... to raising the prices in ... down 18%). November Gasoline ... 22%), and ...
    10/24/2014 - 10:37 am | View Link
  • Low oil prices please drivers but carry certain ... - San Francisco Chronicle
    ... and a stronger dollar — ... for that to happen, analysts ... enjoying the lowest gas prices ... fuel prices have followed. The average ...
    10/22/2014 - 3:30 pm | View Link
  • More
  • High gasoline demand is coming
    For one second just think about the dock workers that are making less than a dollar ... 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 ...
    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 ... 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 - 3:59 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 - 5:16 pm | View Link
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  • USA National Gas Price Heat Map
    Now you can see what gas prices are around the country at a glance. Areas are color coded according to their price for the average price for regular ...
    10/30/2014 - 4:17 am | View Website
  • Today's Gas Prices
    News AAA’s weekly commentary on fuel price trends, monthly gas price reports and additional information concerning AAA’s views on consumer fuel advocacy topics.
    10/29/2014 - 10:19 pm | View Website
  • Gas Prices
    Gas Prices Gasoline Prices for U.S. Cities. Click on the map to view gas prices for cities in your state.
    10/29/2014 - 9:22 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.
    10/29/2014 - 11:50 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.
    10/29/2014 - 8:22 am | View Website
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