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News and quick-hit commentary from around mid-Michigan ... from the Morning Sun.

Tuesday, May 15, 2007

Record gas prices


News item, Sept. 3, 2005: In the wake of the massive disruption of Hurricane Katrina, gas prices jump. The highest price for a gallon of unleaded recorded in Michigan over that Labor Day holiday, high-demand weekend was in Traverse City (hey, it's T-C, and the tourists have to buy gas to get home) was just over $3.40.
News item, May 15, 2007: Sagamok Shell posts the lowest price in mid-Michigan for a gallon of unleaded fuel. The price: just over $3.40.
News item, May 15, 2007: Wal-Mart announces its earnings won't meet analysts' expectations. The world's biggest retailer blames high fuel prices. In other words, Americans are spending so much on gas they can't even afford to shop at Wal-Mart.

1 Comments:

Blogger Lindsey said...

I can't believe how expensive gas is getting here in North Carolina. Everybody's talking about it, but it's even worse in other parts of the U.S. We wanted to see if people really are changing their habits here, or having to make other adjustments in their daily lives. We took a survey, and the results are really interesting. 70% of drivers said they have changed their driving habits in the last six months and plan to drive less this summer. 60% said they've postponed purchases. Their responses on economic questions were mixed. We asked questions about health, smoking, current events, and a fun one about which TV show should be canceled. Do you have a guess? You can check out our stuff on www.brogansurvey.blogspot.com.

3:46 PM 

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