In just the last two weeks gas prices have gone up 17 cents per gallon nationwide. The Energy Department believes fuel prices will continue climbing into the summer. The high gas prices have an impact on anybody who drives. But some are definitely feeling the pinch more than others.
In Nacogdoches it costs retiree Glynn Bryan about $35 to feel his tank. He drives a town car, but not very far from home. Bryan said he and his wife don't leave town much. "We just go to the grocery store and back and that's about it."
The high gas prices hit seniors on a fixed income the hardest. Younger people who are making less than $35,000 a year also feel the pinch. Christie Poe said, "It's going to be really hard to pay for because I'm a student and my pay checks are usually about $160 every two weeks, so that's half of it right there."
Factors driving up fuel prices include hurricane recovery, political unrest in the middle east and government mandates. Supplier Doug Jordan said, "We've got to bring diesel down from 500 pints a million of sulfur to 15. And also we're having to replace an additive that's polluting our waters called MTMB and we're going to ethanol."
Jordan's overhead climbs with each fuel increase. "I feel like a puppet. We get blamed a lot for the high prices, but we're hit just as much. Our profits percentage wise go down." He's blaming the refineries. Jordan asked, "It's just costing a lot of money for the refineries and, 'Are the refineries doing enough that they can?'. I question that you know. They've been slow to refine fuel." When production is down, prices go up.
No matter your age or how much you have to spend it would probably be wise to start budgeting how you will save on your fuel prices. The prices are expected to climb to $3 by this summer. Poe said, "I try to make a whole tank last a least three weeks, so I minimize my driving and do a lot of walking." Bryan cuts back by staying home. "Our kids come see us. We don't go see them because we just don't have the money."
Let Us Know