Emily
2/5/13
Gas prices rise on investors bets
California gas prices go up!
Baker David
SF Gate
February 4,2013
Business
It is a known fact that gas prices usually rise early in the year. This year is different though the prices have begun to go up dramatically. The average price for gasoline in the U.S jumped nearly 17 cents last week . Unfortunately California's gas prices went up a bit more. For California gas prices went up 23 cents last week! That is according to AAA auto club. The average American household spends about $22,674 on gasoline in a 15 year time span according to a report from a Union of concerned Scientist. In the past year Americans spent about 4% of their prepaid tax income on gasoline said the Energy information Administration. Buying fuel efficient cars will help you save money in the long run on gas. In the report done by U.C.S it compared two models of ford fusion there was one with a standard engine and one with a hybrid engine. A hybrid does cost more but you save about $5,500 on gas in a course of 15 years if you choose more of a fuel efficient car. "You can spend a little more upfront and save a lot over the long run. It pays off big-time." says Joshua Goldman the reports author.
At first I didn't really think 23 cents was that much but as I was coming home from school after I read the article and saw that it was like four dollars per gallon and I realized that gas is way too expensive. I asked my mom how many gallons of gas our car holds and how often you have to fill it she said it holds about 18 gallons of gas and she has to fill it about three times a month. That's a lot of money and that's coming from someone who doesn't work and we only have about a three minute commute to school five days a week plus she has to take me to basketball in Mckinleyville and my sister to Arcata for swimming. I can't imagine how much gas cost for people who lets say have a 45 minute commute to work. I sure hope that prices start to drop sometime soon.
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