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Gas Prices May Hit $4 a Gallon Soon

Monday, March 14th, 2011

According to this piece on forconstructionpros.com gas prices will continue to rise this spring and summer.  The article interviews Dan Kieler who led the way around the flatbed truck and pointed to the gas meter. “Look at this, $200 for (around) 50 gallons,” said Kieler, who appropriately is from Kieler, Wis. He stopped to fill up while hauling some equipment for Epic Construction. “I think they’re higher than hell,” said Kieler, of current fuel costs. “A few years ago, diesel was always cheaper than gas. I don’t understand that.”

The article explains, “Fuel prices have increased significantly in recent days, as unrest continues in the Middle East and northern Africa. The Lundberg Survey of fuel prices released this week found the average price of gasoline in the U.S. rose 33 cents in the past two weeks. There’s a 25 percent chance gas prices for regular unleaded will rise above $4 per gallon by the summer, the U.S. Energy Information Administration said Tuesday in a short-term energy outlook. This latest increase has sparked a fresh discussion about just how high prices will go and what the remedy should be.”

Whether or not this increase will affect prices in the paving industry is hard to say. The article continues, “some business owners who make deliveries as part of their operations say current fuel prices are a concern, but they have not spiked enough to cause subsequent price increases. ‘We would have to see a pretty drastic change before I’d increase my delivery prices,’ said Andy Parker, owner of Custom Futons. Sue Butt, co-owner of Butt’s Florist Inc., said the business has a routing system for deliveries they try to follow. ‘Sometimes you need to be a little more creative,’ she said.”

It looks like we will have to wait and see how this increase in price will impact industries all over the country. For any of your paving needs contact My Pavement Guy at 410-636-8777 or here today!