Gas Prices Going Up – More Staycation are Possible This Summer

Russ Steele

I have updated the fuel plots at the Next Grand Minimum blog.  Fuel prices have been climbing since January.  This surge in fuel prices follows an increase in oil prices due to tension over Iran, growing demand from other emerging nations, and a bitter cold winter in Europe increasing the demand for heating oil.

Yahoo Finance has an AP story on gasoline prices which has this insight:

“You’re going to see a lot more staycations this year,” says Michael Lynch, president of Strategic Energy & Economic Research. “When the price gets anywhere near $4, you really see people react.”

Rising gas prices could have an impact on our local economy. More people will be staying home to save money for the gas they need to get to work everyday. That is if they have a job. The fewer people with jobs the fewer tourist we will have in Nevada County.

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About Russ Steele
Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.

5 Responses to Gas Prices Going Up – More Staycation are Possible This Summer

  1. Dixon Cruickshank says:

    Are you guys still betting on tourism – seems like it

    • Russ says:

      There are a lot of local think that tourism in the economic engine we should be focusing on, but there are so many variables that they do not control and the price of fuel and unemployment are two they have no control over. Wishful thinking abounds in the city plaza.

  2. Dixon Cruickshank says:

    I have been thinking of taking the boat down and filling it up, even without any plans.

  3. Martin Light says:

    Tourism isn’t “sustainable”. Look what happened to Downieville not too far up Hwy 49 in Sierra County from us. Just 6-7 years ago it was a thriving Destination Point for tourists and today it’s nearly a ghost town. They hadn’t counted on spiking gas prices and a shaky economy back then. Nevada County’s leaders had best be looking at such failed experiments and rethinking beyond tourism.

    FYI, while driving past the P&S Union 76 gas station in Brunswick Basin on Friday the 87 grade gas was at $3.89 and yesterday/Saturday afternoon it was $3.99 per gallon.

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