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Dustin Hawkins

Government: Expect Gas Prices to Keep Rising

By February 26, 2013

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If you were expecting a break from the current 26-month record of $3 to $4/gallon gasoline, don't hold your breath. Government analysts at the Energy Information Agency says to expect a continued increase in the cost of gasoline. Though "luckily" it will be at a much "slower" pace than the last 2 months, when prices soared at the pump. Remember when gas was between $1-$2/gallon? Want to blame inflation? Find a better excuse. Did you know that gasoline stayed within that $1-$2 range for a whopping 306 consecutive months? Yep, from September of 1979 (Jimmy Carter!) through March of 2005 (George W. Bush!) the price of a gallon of regular gasoline stayed almost completely consistent and under $2/gallon. But years of government intervention has finally caught up with us, and now it's month after month after month of higher fuel costs at a time when dollars are already being stretched. Why aren't we 100% energy independent yet?

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