I payed for $4.25 for premium at the pump tonight. Surprised me that it had leapt 25c in the space of seven days.

Apparently supply is not keeping up with demand. Worse, it appears that the petroleum products dropped 2.5% in supply despite a 57% increase in prices. The market adage that the cure for high prices being high prices is not working in this instance.

My commute is approximately 22 miles one way and my car gets approximately 22 mpg in commuting traffic. When I came to Arizona gas was at about $3 a gallon and a reckoned I would shoot $6 a day in fuel getting to work and back. Over a year that would cost $1,560 excluding weekend work.

With gas being $4.25 that makes my daily commute cost $8.50 a day. Total cost is $2,210 a year; so about $700 more expensive a year for commuting at this price.
More reading: Tags, Gas, Inflation
Cam Riley: South Sea Republic. Freedom, liberty, equity and an Australian Republic.