Allen Brothers Houston Real Estate

Why inflated gas price effects may be different this time

April 22nd, 2011 12:46 PM by AllenBrothers Realtors

CNBC -- Kelsea Hanrahan is often out and about on the highway.

"I was pocketing money because my car is fuel-efficient, but now most of it's just going to the extra gas price," she says.

Brian Park is not entitled to such perks.

The Fort Lee, N.J., lawyer and his wife are limiting their driving and now even cancelling their gym memberships to override the extra $60 a month they're spending on gas.

"When I hear from the news that the gas price will skyrocket above $4 per gallon it freaks me out," Park admitted while his Honda sat at the pump draining his bank account.

With the average price of regular gasoline now hovering near $3.80 a gallon nationally, prices at the pump are nearly a dollar higher than a year ago.

Posted in:General
Posted by AllenBrothers Realtors on April 22nd, 2011 12:46 PM

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