$4 per Gallon Gas Spotted

Posted: Apr 01, 2008 10:38 a.m.

Autoblog Green has spotted it early: $4 gasoline.  Late yesterday, AG posted photos from “the lone gas station” in the town of Bolinas, California, asking “$4.39 per gallon” for regular unleaded. 

Many analysts have been predicting $4 per gallon gas prices nationwide by the end of summer.

Reuters reports, “As gasoline prices broke records in 2007, Americans cut back on their driving for the first time in more than 20 years, according to the U.S. Federal Highway Administration.”  Total U.S. highway travel “fell 0.4 percent to 3.00 trillion miles from 3.01 trillion miles in 2006.” 

Kicking Tires adds, “Americans are also meeting the challenges of rising fuel prices by purchasing more fuel-efficient vehicles, and choosing public transportation more often. More people are taking the bus or subway now than at any other time in the past 50 years.”

Many are altering their driving habits as well.  There are many ways you can squeeze more gas mileage from your current vehicle.

Some in Congress want answers from the oil industry. The Baltimore Sun notes, “With gasoline approaching $4 per gallon, the top-five oil executives have dates with a congressional committee today.”  Executive leaders from Exxon Mobil Corp., Shell Oil Co., BP America Inc., Chevron Corp. and ConocoPhillips, “which earned a combined $123 billion last year,” will “testify before the Select Committee on Energy Independence and Global Warming” today.

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