According to the latest Rasmussen Reports gas prices are headed for $4.00 a gallon.
Nearly nine-out-of-10 Americans say they are paying more for gas than they were last summer and expect to pay even more six months from now. Most say $4-a-gallon gas is likely by July 1.
A new Rasmussen Reports national telephone survey finds that 87% of Adults say they are paying more for gas than they were six months ago. At the end of August, just 40% said the same. Only one percent (1%) say they are paying less for gas now, while nine percent (9%) say they're spending about the same amount.
Here are the latest Nevada County gas prices(click for larger image).
Update: (01-31-11, 06:30) Comments on another local blog have been critical of this effort, pointing out that no other media have attributes increasing gas prices to CARB. That is true, CARB has not yet implemented the the low carbon fuel standard. What we are doing now, which perhaps has escaped my critics, is to establish a base line upon which we can measure CARB's impact in the future.
It is true that most of the change in current fuel prices is being driven by the increased oil prices, which is approaching $100.00 a barrel. Once it reaches that level, then we should see $4.00 a gallon gas and $4.50 a gallon diesel.
Combined with the rising cost of food due to grain, soybean, and corn shortages, increases in fuel cost will strain family budget even more and they will reduce their recreational travel, which will have an impact on local tourism. In addition to food shortages cause by climate, the US is now converting almost half of the US corn production to bio-fuels, mainly ethanol. So we really have two factors impacting food, rising energy costs built into food production and the shortage of base material due to colder wet climate in the Canada and America's bread basket for the last three years. These factors are squeezing family budgets, forceing them to spend less on recreational transportation. These changes will impact our local tourism economy. If you think I am wrong, please state your case in the comments.