Oil Prices hit a Record $130 a Barrel

A new record high for the price of oil occurred today. It achieved an all time high of over $130 a barrel!

What this sadly means for all of us is that gas prices will continue to go up, but also everything else will go up in price as well. If transportation costs keep going up, everything will have to go up in price in order to maintain a profit for most businesses. These are issues we should all be really worried about. At what point does the trucking industry and cab industries start to go on strike because of how much money they are losing to the high prices of gasoline and diesel?

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U.S. crude hit a peak of $130.47 before easing to $129.71, up 73 cents. Billionaire T. Boone Pickens, that I've mentioned in a previous post said on Tuesday he expected oil to hit $150 a barrel this year. Some of the reasons the price of oil is so high is due to a weak U.S. dollar and due to long-term production worries and a near-term focus on tight fuel stocks.

I have resorted to drastic measures including refusing to drive my car on my days off from work even though I own a hybrid. I am voluntarily boycotting gas on my days off. I am walking, biking, and riding my electric scooter around town a lot more. In fact, I feel liberated and free from the hassles of driving. I think other people would feel the same if they just tried it. I refuse to buy gas for leisure if the prices of gas are going to remain this high. So far studies have suggested that Americans have not changed their driving habits even though prices have gone up. But studies have shown an increased demand for hybrids once again.

If you have changed your driving habits, I would love to hear about it. What are you doing about these insane gas prices?

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$4 Gas and Still no more Bicyclists?

According to an article by Reuters, Americans don't seem to be picking up the habit of riding their bikes regularly to work, despite the fact that gas is over $4 a gallon in some parts of the country.

The article points out that some who can ride their bike to work, might do it. But the majority of people still live too far away from work to consider it. Their is also the danger of traffic congested roads mixed with bicyclists which can get ugly if the streets weren't designed to share the road. The article also mentions that the amount of people that regularly ride their bikes is also down compared to previous years.

Here in Oregon, however, bicyclists seem to be a staple characteristic of what makes Oregon so green. College towns are notorious for bicyclists like Corvallis and Eugene, but even some local studies suggest that ridership is down compared to previous years. The cited reason for reduced bicyclists is poor city planning and the monopolistic car to street relationship. The local studies say if more bicycle routes and paths were developed that ridership would be up.

Related Articles:

Ride Your Bicycle Instead of Driving

New Hybrid: Aptera

Peak Oil and War

Either way, I am personally making a commitment to ride my bike to work starting June 1st until September. My work is only 7 miles away and I have the leisure of taking a beautiful bike path along the Amazon Creek all the way to work. If you have the ability to ride your bike due to the proximity of your home and work, please consider riding your bike. It saves the air and saves you money from our outrageous gas prices.

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