It's a record! The 20 cent increase in the price of gasoline last week was the biggest ever, according to The Energy Department. Since the beginning of the year, gas prices have gone up about 70 cents. Expect it to continue. Before it gets better, we could be paying about $3.00 a gallon.
So where's the relief? District 1 Congressman Louie Gohmert says it's on the way in the Energy Bill just signed into law. Problem is, it could be next year before we start seeing any benefits.
Congressman Gohmert says it's ridiculous not to use the resources around us to give us relief, but this bill will change that. "We're also trying to have a study done to figure out how to get the potential of the extra 6 million, or so, barrels of oil out of East Texas that are trapped that we haven't been able to get in the past. There are so many solutions that you can't get it done over night but we're moving in the right direction."
While there is nothing, immediate, business owners and consumers can do to bring relief, there are a few things to soften the punch. Experts say one guaranteed way to save gas, change driving habits, avoid high speeds, accelerate slowly, use cruise control and keep your tires properly inflated. For some, changing habits is not enough, it might be time to change cars, and down size.