Gas prices approaching $3 a gallon – again!

Filed in Gather Money Essential by on January 11, 2010 0 Comments

CNN reported that the national average gas price is now higher than it was at any point last year. The only upside is prices are still down $1.45, or 35 percent, from the record high price of $4.11 that AAA recorded on July 17, 2008.

Crude oil, of course, is pushing higher. Last week, oil averaged $82.30 a barrel, CNN reported.

The recent cold in North America and Europe plays a role as demand for heating fuels increases. Gas pump prices will probably exceed $3 a gallon in the coming weeks if crude prices approach $90 a barrel.

Funny how talk of alternative fuel was all the rage two years ago when we were shelling out four bucks and change per gallon, and then it fizzled when prices dropped. Fossil fuels should be sooo last century.

Now home heating is in the discussion. That’s a good thing. Did you know that there’s a way to grind up plant waste into a fine powder and burn it at a cost that is far lower than home heating oil? The powder burns as intensely as a gas and without any smoke or odor. Let’s talk about it.

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