In this, a presidential election year, I have been reflecting on how much things have changed over the last four years.
Four years ago, I paid around $1.87-$1.88 a gallon for gas.
What I wouldn’t give to see those prices again.
Over the summer months, I have watched prices at my local station rise by 30 cents. I currently pay close to $3.90 a gallon for gas. As a result, I can barely maintain my budget.
One would think with summer behind us, the kids all back in school, that prices would hold steady or decline, not keep rising.
Watching the news, one hears reports as to why costs escalate. Reasons range from how warm last winter was to refineries that are closed due to explosions, the weak economy, greedy oil companies or the United States dependency on foreign oil.
These seemingly plausible answers have become so redundant, I find myself questioning their validity.
According to Daniel Yergin, author of “The Quest: Energy, Security, and the Remaking of the Modern World”, in comments he made to the Wall Street Journal Sept.13,2012, Yergin said he believed shale gas(formed from being trapped in shale formations) production now accounts for 40 percent of U.S. gas production.
Yergin explained that technologies used to harvest shale gas, have revitalized U.S. oil production. As exciting as this news seems to be, I highly doubt our country will return to the dominance it once had in the oil industry.
Nonetheless, as our production increases, I would hope our dependence on foreign oil will decrease.
I am realistic enough to know the days of $1.88 a gallon gas are gone. I would settle for enough of a decrease that I can afford to pay my utilities and not worry about how to put food on the table.