In the last month, gas prices in Georgia have gone up 20 cents. In
the last three years, prices at the pump have steadily risen an extra $2 a
However, the roller coaster ride started in July 2008 when people
were paying a little over $4 for a gallon of gas.
Then, the great recession began and prices hit an average low of
$1.48 in January 2009.
Compared to that price, if you fill up your 12 gallon tank once a
week, you are paying an extra 1,248%.
Who is to blame for these prices? Oil companies love to talk
about Israel and Iran while some blame the President. But, the facts are Exxon Mobile's
profits were up about 50% over the previous year. Profits in 2010 were $19
billion and $30 Billion in 2011. So, part of the blame could go to
federal regulators who, 13 years ago, let #1 Exxon and #2 Mobile merge.
But, if you think gas is expensive here, we've actually got it
good compared to many other companies.
Canada's average is a dollar more than the U.S. Italians pay
nearly $6.00. The big differences are steep fuel prices.
On the other end, in oil-rich Saudi Arabia, motorists pay $0.90
per gallon. The lowest price of a gallon in the world is $0.12 in
Thursday, May 23 2013 1:33 PM EDT2013-05-23 17:33:26 GMT
Remember the Kmart's "Ship My Pants" ad? Well Kmart isn't finished with their controversial ads. The company launched their latest video about Big Gas Savings on Thursday. It even features the sameMore >
The company launched their latest video about "big gas savings" on Thursday.More >
Tuesday, May 7 2013 7:00 PM EDT2013-05-07 23:00:58 GMT
In a matter of weeks, millions of periodical Cicadas will invade Connecticut for the first time in 17 years. Every 17 years, millions of Cicadas, which have big red eyes and red-orange wing veins, comeMore >
In a matter of weeks, millions of periodical cicadas will invade Connecticut for the first time in 17 years.More >
Friday, May 24 2013 12:50 PM EDT2013-05-24 16:50:15 GMT
A 14-year-old boy from Waterbury died in his sleep this week and left his parents and friends wondering why. Kimani Brown was a freshman at Crosby High School and in perfect health, according to familyMore >
A 14-year-old boy from Waterbury died in his sleep this week, leaving his parents and friends wondering why.More >
Friday, May 24 2013 7:27 PM EDT2013-05-24 23:27:43 GMT
Police in several towns are advising the public to be aware of residential break-ins that have happened when families were out attending a wake or funeral for a loved one. Glastonbury police said thereMore >
Police in several towns are advising the public to be aware of residential break-ins that have happened when families were out attending a wake or funeral for a loved one.More >
Friday, May 24 2013 6:21 PM EDT2013-05-24 22:21:13 GMT
The Hartford Police Department is investigating incident involving students at the West Middle School and a cell phone video. The incident is also being investigated by the Connecticut States Attorney'sMore >
The Hartford Police Department is investigating an incident involving students at the West Middle School and a cell phone video.More >
Friday, May 24 2013 4:29 PM EDT2013-05-24 20:29:15 GMT
Happy Saturday, Rain is on its way – as expected – but it will not hamper the entire weekend. Early this morning, there will be low clouds, fog and drizzle in many parts of Connecticut. This will haveMore >
Friday, May 24 2013 3:02 PM EDT2013-05-24 19:02:18 GMT
Federal officials investigating last week's commuter train derailment in Connecticut say the engineer described an "unusual condition" on the track before the train derailed. The National TransportationMore >
Federal officials investigating last week's commuter train derailment in Connecticut say the engineer described an "unusual condition" on the track before the train derailed.More >
Thursday, May 23 2013 9:08 PM EDT2013-05-24 01:08:56 GMT
Five people were arrested in the robbery of $4 million in jewelry fromAccording to police, first two people were bound and gagged with duct tape during home invasion on Gravel Street in Meriden duringMore >
Five people were arrested after a brazen overnight jewelry store robbery that involved kidnapping and hours of being tied up while the suspects loaded up $5 million in jewels.More >