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
  • No sunshine tax in gas price -
    ... prices for gasoline in your ... of a weaker Canadian dollar ... I predicted this would happen. ... fell on deaf ears.” Thursday afternoon ...
    07/31/2015 - 8:10 am | View Link
  • Economist on midyear job growth: Charleston ‘doing the best in the ... - Charleston Business Journal
    ... due to the stronger dollar and ... in a significant way.” What will happen to prices at the gas pump? Von Nessen: Predicting gasoline prices ...
    07/28/2015 - 2:54 pm | View Link
  • Congratulations to Venezuela: Monthly Minimum Wage Now Below ... -
    ... the high 680s to the dollar. ... charged properly for the gasoline at the gas stations ... Let’s fix prices instead. ... tale of what ...
    07/28/2015 - 9:50 am | View Link
  • Plunge in Chinese shares send global markets lower - San Mateo Daily Journal
    ... a drop in stock prices in ... who think it will happen in ... — Wholesale gasoline fell ... — Natural gas rose 1.3 ... to $1.1092 ...
    07/28/2015 - 8:44 am | View Link
  • Is US Economic Growth Strong Enough for a Rate Hike? - Yahoo! Finance
    ... value of the US dollar consumer ... oil prices puts downward pressure on gasoline prices. ... to the savings on gas bills. However, that ...
    07/27/2015 - 3:01 pm | View Link
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  • $2.00 Gas In NC? Could Happen By Labor Day Weekend
    Even in North Carolina, which has high gas ... of gasoline — paired with high output by domestic gasoline makers brought down average prices of regular in Buncombe County to less than $2.60 by Friday, analysts with GasBuddy said. That's a dollar lower ...
    08/1/2015 - 5:47 am | View Link
  • Sub-$2 gas coming to Asheville, experts say
    Even in North Carolina, which has high gas ... of gasoline — paired with high output by domestic gasoline makers brought down average prices of regular in Buncombe County to less than $2.60 by Friday, analysts with GasBuddy said. That’s a dollar ...
    08/1/2015 - 1:49 am | View Link
  • No sunshine tax in gas price
    Okanagan residents often complain about the "sunshine tax" when it comes to the cost of living in our area, especially when it comes to the price of gasoline ... dollar – which, denies us being able to take advantage of our local crude prices.”
    07/31/2015 - 8:06 am | View Link
  • Low Canadian dollar to blame for high gas prices, analysts say
    Amid a world awash in crude oil, many Canadian drivers are wondering why the cost of a litre of gas at the pumps ... culprit in higher pump prices is the falling Canadian dollar. With commodities like crude oil and wholesale gasoline priced in U.S. dollars ...
    07/23/2015 - 2:06 am | View Link
  • Why gas prices are going up as oil prices drop
    The price of gasoline ... and crude oil prices are always quoted in US dollars,” said Steve Bang, a business professor at Humber College. “So as our dollar slips against the U.S. dollar, what will happen is that the actual price of gas will go up ...
    03/19/2015 - 11:08 am | View Link
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  • USA National Gas Price Heat Map
    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 unleaded gasoline.
    08/4/2015 - 9:28 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.
    08/4/2015 - 5:32 pm | View Website
  • AAA's Daily Fuel Gauge Report
    California Gas Prices Skyrocket (WASHINGTON, July 13, 2015) Today’s national average price for regular unleaded gasoline is $2.77 per gallon.
    08/4/2015 - 12:52 pm | View Website
  • Pennsylvania Gas Prices
    Earn points for reporting gas prices and use them to enter to win free gas. ...
    08/4/2015 - 11:48 am | View Website
  • Gasoline Stations
    Find cheap local gas prices near Sammamish, WA 98074-6319 with MapQuest. Lowest regular, premium, midgrade and diesel gas stations near King. Use our gas calculator ...
    08/4/2015 - 11:26 am | View Website
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