Summer is rapidly approaching, and as soon as Keeneland's spring meet is over with, Summer is here for me pretty much. And with the sounds and smells of summer comes boats, bikini's, Buttweisers at 10am, and tons of gas. I've been told once that technology on Boats is about 10 years behind the technology in cars. I tend to agree, our 2006 SeaRay has steering wheel controls to change volume, channel and mess with the GPS. I've seen steering wheel controls on cars as early as 1996, possibly even earlier. 10 Years ago, MPG wasn't necessarily a topic when purchasing cars and it sure as hell is one of the biggest selling points on cars today, next to rims. Hopefully in the coming years, Gallons Per Hour (boats' Miles Per Gallon), will become a bigger topic in the R&D departments of boat manufacturers. As an avid boater myself, I have seen the pump charge over $400 to fill a tank that would last maybe a weekend or two, and I'm sure similar stories have arisen in most of the fixer's viewing this blog and attending the tailgate this SATURDAY APRIL 18th at KEENELAND RACE TRACK. But for those fellow boaters, good news arrives (at least for KY and it's lakes), as 'Gas prices to stay in $2 range this summer.' Read on to read the article posted in the Business Courier of Cincinnati earlier this week.
Courtesy of:
Business Courier of Cincinnati
Energy Information Administration on Tuesday projected regular-grade gasoline will average $2.23 a gallon during the April-through-September driving season.The monthly average is likely to peak at $2.30 a gallon, far less expensive than last summer, when gasoline cost an average of $3.81 a gallon and soared for a time past $4.
The report also said U.S. crude oil production declined by 110,000 barrels a day last year because of Gulf Coast hurricanes, but should rebound by an additional 440,000 barrels to 5.4 million barrels a day this year, the first increase in domestic production since 1991.
In recent weeks national gas prices have edged higher from their December lows. According to AAA, The national average for a gallon of regular unleaded is $2.05.
The average price for a gallon of regular gas in Cincinnati was $2 as of Tuesday morning, according to the AAA's Fuel Gauge Report. It was $2.05 in Covington .
The EIA report projects crude oil prices will average $53 a barrel this year, but increase by about $10 a barrel in 2010. It said a stronger-than-expected economic recovery, lower global production or “more aggressive action to cut production” by the OPEC oil cartel “could lead to a faster and stronger rise in oil prices.”
-Finnish Proverb
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