If You Thought Gas Prices Were Going Down in Idaho, You Totally Thought Wrong
Traffic is getting worse. Gas prices are going up. What did we do to deserve this?
The American Automobile Association has the distinct pleasure of dropping the bomb on us whenever gasoline prices skyrocket. This is one of those times. Matthew Conde, AAA public affairs director:
There’s a growing thirst for oil and gasoline products around the world. The middle class is rapidly expanding in China and India. OPEC continues its oil production cuts. Latin and South America need U.S. fuel to counter their refinery issues. Eleven of these market forces are making crude oil and gas prices more volatile.
Ok lots of big words there, but what does that mean for Idaho? The national average for a gallon of gas is currently $2.53. If history repeats itself, Idaho's price could volley up to $2.85 this summer.
Last year, the United States exported a tremendous amount of crude oil, topping the 10 million barrels/day mark for the first time since the 1970s, That trend is expected to continue, with exports likely to exceed 11 million barrels per day later this year. Mexico is a hot market at the moment, with additional exports being shipped to the Caribbean, South America, and West Africa. Some experts say that the U.S. Gulf Coast refineries have become the supplier to the world.
In short, we literally didn't do anything, but we're going to be paying a heck of a lot more to fill up our gas tank. Because life isn't fair and there's no justice in 2018.