Gas Officially Hits $4 A Gallon

The day that we’ve all dreaded, yet have come to accept, is finally here – this afternoon, the national average price for a gallon of regular unleaded gasoline crossed the $4 mark for the first time.

Upon hitting the $4 mark, gasoline is now 27% more expensive than it was a year ago; 34% higher that it was at the beginning of the year; and 11% higher than it was just one month ago.

There are now 13 states and Washington, D.C. reporting gas prices in excess of $4 a gallon. Currently Alaska is reporting the highest prices at nearly $4.45 a gallon, while South Carolina is bringing up the rear at $3.75 a gallon.

It now appears that most Americans have finally reached their breaking point with gas costs. Despite our complaints at both $2 and $3 a gallon, most American drivers didn’t really change their habits or their vehicles in order to deal with rising fuel costs.

However, now that we’re well past $3 gas and will probably see prices stay above $4, it’s clear that most American drivers are finally now being forced to change their driving and purchasing habits. Here are the two prime examples:

First: the Federal Highway Administration recently released data showing Americans drove 11 billion fewer miles this past March when compared to the data for March of a year ago. While that amounts to only a 4.3% drop, it’s still the first such drop in recent memory.

Second: The Ford F-150 has finally been knocked from its perch as America’s best selling vehicle – a title it had held since 1992. The vehicles that moved ahead of the truck? The Honda Civic, the Toyota Corolla, the Toyota Camry, and the Honda Accord. Sensing a theme here?

So, in the end, $4 gas may not be such a bad thing, especially if it forces us to worry about fuel economy and conserve the gasoline we have left.

Comments

  1. Ugh…, this is the very reason why I have been test driving a variety of fuel economic cars to trade in my chevy silverado. I haven’t made a decision yet of what I’ll get to replace my truck, but I’m leaning towards the 350z, or the Solara or the Saturn Sky.

  2. It is just amazing how the price explodes. Now I´m biking to work instead of using the car. Especially the taxas are very high in Germany. I was in Dubai 2 month ago and it is amazing how cheap fuel there is.

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