Uh, Oh. Gas Tank is Close To Empty, Might Need A Loan
Remember the meme of a gas station price sign that said Regular: Arm Premium: Leg? The sign is back.
Gas prices in Maine have been on the rise. In the whole country for that matter. And most if not all of the world, too.
Yesterday I had to do what a lot of us dread. Running on empty, and had to fill the tank.
Gas prices in the Bangor area are anywhere from $3.29 to $3.50ish or so according to Gas Buddy. All I can think is what it must feel like to fill up in California where they are paying $6 to $8 a gallon. Some countries, Canada included, were paying those kinds of prices even when we were paying so much less than we are now.
Auto traveling is back to almost 18 months ago, and supply chains are still stalled. Last summer the demand for gas was so low that companies ceased production and furloughed their drivers. And if those laid-off drivers could, they went and found other jobs. Companies are still behind in hiring drivers that are now needed.
Obviously, the whole price of a gallon of gas rising is much more complicated than that. That’s just one facet.
The price here is up over a dollar and a half in the past 18 months or so.
But remember 2008 when it was more than $4 a gallon?
Will the price go up further? Probably. Will the price ever drop back to where it was a couple of years ago? Probably. Or should I say hopefully?
Whatever vehicle you are driving, and no matter how far, the reality is we are paying more for gas right now and it's not a pleasant thing to bear.