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Last Year’s High Gas Prices…A Distant Memory or a Preview of More to Come?

Specializing in the sale and service of Honda and Acura automobiles, I drive a whole lot.  In my travels, I periodically see things that can cause me to reflect on events from the past. Recently, my wife and I were driving through Central Florida  after attending an Acura Remarketing Sale,  when we saw a gas station sign from just a few months ago. The station that the sign had represented was closed down. The gas station was vacant,  and the pumps had been removed;  but the fuel prices were still posted and reminded every driver that saw it of what they had paid for gasoline & diesel fuel,  just a few short months earlier.   


Starting in September of 2005, after Hurricane Katrina pounded the gulf states; drivers in the southeast saw a gallon of regular gasoline rise to $3.25 per gallon. A few months later, that price had settled between $2.35 to $2.55 per gallon. Last year,  in less than 60 days from March and May of 2008, gasoline prices jumped more than $1.00 per gallon. For the first time, drivers in Tennessee, Georgia, Florida, and all across the U.S. saw gasoline prices go to over $4.00 per gallon and diesel fuel prices go to over $5.00 per gallon. In addition to the fuel prices being at all time highs, we started seeing things that had not been present since the 1970s’; fuel stations were rationing the amount of gas that could be purchased, gas stations were running out of fuel, and some driver’s found themselves choosing between waiting in long lines or attempting to get to another fuel station without running out of gas. 


Because we drive some of our Honda and Acura inventory vehicles back from the Honda Remarketing Sales and Acura Remarketing Sales;  I remember going online and calling the gas stations to make sure they had gasoline at their stations and during the drive back home to Tennessee, I would not let the fuel level get critically low before looking for a fuel stop.

Locally, a gallon of gasoline can currently be purchase for $1.87 per gallon. The quotes of many experts who said, “the day of $2.00 gasoline are over” and “even if we did drill domestically, it will be 10 years before consumers will see a break in the retail price of gas” prove that a prediction is simply a professional assumption.

 Speaking of assumptions, remember Chrysler’s  offer in 2008, that if you bought a new car from them  you would not pay over $2.99 for a gallon of gas for the first 3 years of ownership? How many consumers chose to purchase a Chrysler product, assuming that fuel prices would continue to climb higher without correction?

Fortunately, Honda and Acura automobile owners seem to be a little more level headed, and for good reasons.  Whether buying a new or used car they tend to look for the best value for the dollar. They do their research and choose a car maufacturer that has consistently built cars that have been a solid value in both reliablility and fuel efficiency, since the early ’80s. At www.accuratecars.comwe specialize in the sales and service of Honda and Acura automobiles. Hey Nashville, Franklin and Brentwood;  if you live in the zip codes 37204, 37205, 37220, 37024, 37027, 37046, 37062, 37064, 37065, 37067, 37068, 37069 then come in and see why we are the best place in Middle Tennessee to purchase and service your Honda and Acura automobiles.

Do you think gas prices are going to go back up and if so, will they exceed the $4.00 level?

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