Panic Sets In as $4 Gas Prices Begin Appearing Across the US
Back in February of last year there was growing concern that unrest in the Middle East would result in record gas prices come the peak summer driving season, a scenario that nearly occurred as gas prices approached the $4 record set in the summer of 2008 but fell back after peaking at $3.90 in May.
We may not be as lucky this year as gas prices are well ahead of where they were in February of 2011, and $4 gas prices have already been spotted across the continental US in places like New York, Chicago and several locations in California.
Many analysts feel gas prices will exceed $4 a gallon across the US as early as this spring and reach as high as $4.50 by the peak summer months, possibly even $5 if tensions continue to build with Iran. The press has picked up on this in a big way especially as it factors into the upcoming presidential election.
Not surprisingly, visits to our popular fuel calculator app are soaring as consumers grow increasingly concerned about high gas prices and how they will impact things like upcoming vacations, commuting costs or car purchases. In fact January visits to Cost2Drive were more than double January 2011 and up 25% from December, and so far February visits are 20% higher than January.
But we're not resting on our laurels, we're getting ready to launch a whole new version of Cost2Drive.com with some great new features and a much improved visual design that we're certain will delight our most fervent users.
Stay tuned for some news of the launch which we'll be rolling out in the coming weeks. Meanwhile, we've recently enhanced our mobile app so if you have an iPhone check out the Cost2Drive iPhone app and never again wonder what it will cost to drive places.