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Thursday, April 13, 2006

Picking our pockets at the pump

Two weeks ago, I bemoaned the rising gasoline prices and said there was no reason to believe they would stop rising anytime soon. Unfortunately, I was right. And there is every reason to believe they will continue rising.

Tom Kloza of the Oil Price Information Service in Wall said in Wednesday's business section of the Press that gasoline prices will probably peak between Easter Sunday and Memorial Day, then remain at that level until late summer, when they will drop off by 75 cents to $1 a gallon. He says after this year's peak has been reached, prices will plateau at a level 20 to 25 cents per gallon more than last year. Considering how high they were last year, that's not very comforting

Since I last blogged on the topic, gas prices have risen an average of 2 cents a day, reaching $2.56.9 today, according to the newjerseygasprices.com Web site. A year ago, the average was 2.04.9. The cheapest gas listed on the site http://www.newjerseygasprices.com/ this morning was $2.41, at a station in Salem County. A station in Summit is closing in on the $3 mark.

The difference between the price runup this year and last year is that last year there seemed to be a reason for it - a hurricane taking out refining capacity in the Gulf of Mexico. This year, all we're getting in the way of explanation is rumors about Bush & Co. planning to nuke Iran.

1 Comments:

Anonymous Anonymous said...

I would like to point out there is a NJ real estate law, "Easement by Prescription" which may allow the Salamone's to CLAIM the lot next to them they have been maintining the last 40 yrs... It reads "The claimants use must have been continuous, hostile, adverse to the oweners title, exclusive and without the owner's approval. It must be visuble, open and notorious.
Someone should look into this....since the Salamone's have been mowing and caretaking the lot, they may have rights to it...!!??

12:22 PM, April 30, 2006  

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