Talk of The Villages Florida - View Single Post - Gas prices going up!!!
Thread: Gas prices going up!!!
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Old 11-11-2021, 05:40 PM
John41
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Originally Posted by Rainger99 View Post
Just came across two gas receipts-one was from 11/9/20-exactly a year ago. The price was $2.20 The second receipt is from 1/22/21. The price was $2.36. Last week it was $3.25. Up 48% in the past year and 38% since January. Glad I am getting about 50 mpg with the golf cart!!
Gasoline price is determined in the future market. The current policy is to reduce US production so traders anticipate shortages in the future and price will be the rationing mechanism as always.