Wednesday, November 9, 2011

Oil Prices Jump, Gas Prices Stay Static

Oil prices are up again, but don't panic about gas prices. At least not yet anyway.

The price of crude has jumped 22% since October but gas prices have increased less than 1% over the same period. Why? This Spokesman-Review article has the answer.

2 comments:

Charles Hansen said...

Well the bus still uses diesel. :) I do hope gas does not jump a lot before next summer, but the improving economy will use more gas so maybe it will be because our economy is booming again.

SRTC Staff said...

We can only hope. Another thing that would be great to see by next summer is a Federal transportation bill! I've obviously got a long wish list :)

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.