$3 Gas – just a fond memory?
Gas prices are prohibitively high in some areas. I know that I do a lot less shopping and recreation now that gas has been way over $3 a gallon for as long as it has now. I just cannot justify driving all over town when gasoline is eating up my disposable income.
Now analysts say that gas prices in the Tampa Bay area could go up as much as 75 cents a gallon. This time last year, we were paying an average of $2.34 for a gallon of regular unleaded gasoline. Prices are above $3.15 now, even though gas prices typically go down over the holidays.
February is when we typically see a spike in prices and by May, gas prices in the area are projected to be $3.50 and $3.75 a gallon. When gas prices go up, so do prices for most other goods and services. In response, consumers begin to spend less on non-essential goods.
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