Gas Prices: How Much is Too Much
Dateline: 03/07/00
The U.S. Department of Energy has predicted that the price of gasoline will jump from a current average of about $1.50 per gallon to as high as $1.80 this summer as production fails to keep up with demand. In some parts of the U.S., gasoline prices will almost certainly reach $2.00 per gallon. (Summer Bummer -- soaring gas prices - CNN 3/7/2000)
Worse yet, summer is typically when most of us are on the road. According to American Automobile Association, about 270 million people drive on vacations and other planned trips between Memorial Day and Labor Day.
According to AAA spokesman Geoff Sundstrom "If prices continue to move up and begin to reach the $2 a gallon level, psychologically Americans may not be prepared to deal with that and continue business as usual with the family budget."
Are you "prepared" to deal with $2.00 per gallon gasoline and just keep on driving or will you park the old "family truckster" for the summer? And. if you will pay $2.00, how much higher will you go?
How much are you willing to pay for a gallon of gasoline?
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