
Remember the grim days of 2011-2014? Sure, they weren’t as grim as, say, 2008-2009, but if you remained employed — and owned a car — during both of these periods, you’ll remember the cratering of gas prices during the recession and the subsequent upswing. That upswing turned into a plateau, where lofty prices at the pump compelled many Americans to rekindle a romance with a small, fuel-efficient car.
The early summer of 2014 brought relief. A lot of it. Prices plunged, remaining relatively low ever since. Everyone and their mother rejoiced, then rushed to their local dealer to buy an SUV.
As of late, though, prices are again on the rise — especially if you live on the West Coast or north of the border. The national U.S. average pump price for regular unleaded hovers around $2.70/gallon this morning, but take a trip north and you’ll find a country where wallets are hoovered at every gas station in the land. National average price in Canada? Rising above $4.80/gallon today.
It’s enough to make you take a long, hard look at what’s sitting in your driveway.
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