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Wednesday, August 17, 2005

Lynchburg Gas Prices Continue to Rise: Expect More

There has been no good news to report about the present rising gas prices in Lynchburg. Now, there are two reports that promise to spike the price at the pump higher. Iran has promised to use gas as a political weapon if it is sanctioned, and in Venezuela, Chavez is threatening to stop exports to the U.S. We currently get 1.3 million barrels of oil a day from Venezuela.

Just the prospect of these threats will most likely push our Lynchburg prices higher. And if either of the threats materalize, we hate to think what will happen to our prices. When the mere prospect of a hurricane now makes the prices jump at the pump, we are sure we will all be reeling when we empty our wallets at the gas station.

Graph credit: AAA


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