Gasoline???

Has anyone noticed the price of gasoline lately? It has been quite reasonable hasn't it. Just when you thought the world had finally returned to "normal" watch out. The wholesale price of gasoline at the New York NYMEX RBOB Gasoline futures market has been creeping up every day to now $1.08 per gallon. Typically you can add $.75 to$1.00 to that price to get the 'usual' price at the pump. How much you add depends on where you live and the state tax. Where I am, in Brunswick County, NC it typically ranges in the $.90 range. This covers the state tax, transportation to the local station and retailers profit and any other incidental expenses I may have left out.

By the first of the year, assuming the price creep continues we could be looking at $2.00 gasoline at the pump. Still a long ways from $4.00+ of last summer but then January isn't driving season. By spring we could be back in the $3.00 range unless consumption drop a lot.

So enjoy it while it lasts friends, the party is almost over. Gas prices will increase just as you start to get those Christmas charge bills. Ho,Ho, Ho.