High Gas Prices: Where Will it All End?

Who else is getting a little tired of paying more and more money every single time you have to stop at the gas pump to fill up?  Although not directly related to the real estate or mortgage industries, continually rising gas prices are hurting us all.

Gas prices are up 19.9% from what they were last year.  A month ago, the nationwide average was $3.246 a gallon.

Gasoline prices normally rise during the spring as people travel more.  However, the record pump prices have also been supported by high crude prices as shrinking profit margins cause refiners to pull back on production.

Higher gas prices are affecting (although not directly) our children as well.  The cost to fuel the buses that carry children back and forth to school has jumped 35% over the same time a year ago, and that’s 35% less money schools have for teachers, computers, and whatever else our children need to become well educated.

Where will it all end?  How high do you think gas prices will climb before they level off or come back down some?  Give us your feedback, angry or not.  We’d love to hear from you.  Use the comment link below to sound off about the high gas prices.