In just a few weeks, many of us will be looking forward to our summer vacations, often trips we take in our cars.
They often involve a lot of driving to the beach or the mountains or grandmother’s house.
Wherever we plan to spend our vacation, we hope the destination is not too far away. That’s because gasoline prices keep climbing.
Don’t they always do that in vacation season?
It’s supposed to be a question of supply and demand. But is it possible that fuel suppliers raise their prices some just because of the season?
The Energy Information Administration reports that the price of a gallon of regular gasoline could peak in May at $4.01. It could drop to an average of $3.95 a gallon through the summer.
Remember when we could buy about four gallons for that price?
Hold onto your hats (and dollars).
We hope higher gasoline prices won’t spoil your planned vacation. (You may decide to go to Florida rather than California, or make some other similar adjustment.)
Fortunately, there are lots of beautiful lakes, mountains, amusement parks, historic sites and other tourist attractions close to home.
Otherwise, you’d better plan to have some extra bucks stashed away just for gas if you plan a distant getaway.
But if prices go too high, there may be less “demand,” to ease the problem some. We’ll see.