Wednesday, April 13, 2011

Gas Prices Not Dropping Anytime Soon

Dust off that bike or invest in a bus pass, gas prices will jump 40% for the summer driving season compared to 2010, according to federal projections released Tuesday.

Retail prices for a gallon of regular-grade gasoline will average $3.86 from April through September, up from $2.76 for the same period last year, according to the Energy Information Administration (EIA), the statistics arm of the Energy Department.

The average U.S. household's vehicle fueling costs will be about $825 greater this year than last year, hitting $3,360 in 2011, according to EIA.

The catalyst for the increase, according to EIA, will be continuing strength in worldwide liquid fuels consumption.
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About SRTC

SRTC is the federally designated Metropolitan Planning Organization (MPO) for Spokane County. Urbanized areas with populations exceeding 50,000 people are required to have an MPO. SRTC was formed to address the county's transportation planning needs. It provides coordination in planning between the public, cities, small towns, the county, the state, transit providers, and tribes.

SRTC offers services including transportation monitoring, transportation modeling, census information analysis, travel demand forecasting, historical traffic count analysis, geographic information systems, and trip generation rates.