Gas Price Thought Du Jour

Gas Price Thought Du Jour

5 May 2008 · No Comments

Here’s an ominous thought buried in a Star-Ledger story:

Inside, Empro Products makes the ubiquitous numeric signs found at gas stations. The phone rings quite a bit these days.

“In the last two weeks we’ve been getting hit hard for digit number 4,” said Vinnie Verma, Empro’s general manager. “We’ve also gotten a very limited number of calls for 5s.”

It has become a question of when, not if, gas prices hit $4 per gallon, and station operators want to be prepared.

The company supplies signs to most service stations in the mid-Atlantic and New England states.

(emphasis added)

I think $4/gallon is a given.  Yesterday I paid $3.859/gallon in a Hartford suburb, because I was running a little lower than I’d like (I topped off later for $3.799); while pumping my precious standard unleaded, I got to see the numbers “4.099″ staring at me from the premium unleaded side of the pump.

Mercifully, there wasn’t a diesel pump on that island at the gas station.

I know that gas is still comparatively cheap in the U.S., but $5/gallon is till not pleasant to think about, when some of my earliest memories are of $0.289/liter gas in one of the gas crises in the 70’s, followed later by $0.599/gallon after normalcy returned.

Tags: Energy · Gas Prices ·