$6 Gas By Summer? - Spokane, North Idaho News & Weather KHQ.com

$6 Gas By Summer?

CNBC.COM - A dollar plumbing three-year lows is hitting Americans squarely in the gas tank, and one economist thinks it could drive prices as high as $6 a gallon or more by summertime under the right conditions.

With the greenback coming under increased pressure from Federal Reserve policies and investor appetite for more risk, there seems little direction but up for commodity prices, in particular energy and metals.

Weakness in the US currency feeds upward pressure on commodities, which are priced in dollars and thus come at a discount on the foreign markets.

One result has been a surge higher in gasoline prices to nearly $4 a gallon before the summer driving season even starts, a trend that economists say will be aggravated as demand increases and the summer storm season threatens to disrupt oil supplies.

"All we have to have is a couple badly placed hurricanes which could constrain some of the refinery output capacity in some key locations," says Richard Hastings, strategist at Global Hunter Securities in Charlotte, N.C. "If you get weakness in the dollar concurrent with the strong driving season concurrent with the impact of one or two hurricanes in the wrong place, prices could go up in a quasi-exponential manner."

  • Most Popular StoriesMost Popular StoriesMore>>

  • Exposed handlebar grip kills 6-year-old Pullman boy in bicycle crash

    Exposed handlebar grip kills 6-year-old Pullman boy in bicycle crash

    Wednesday, August 15 2018 2:13 AM EDT2018-08-15 06:13:21 GMT

    PULLMAN, Wash. - Six-year-old Denny Curran should be enjoying his last few days of summer before first grade. He should be teasing his brother, splashing in the pool, giving his parents a hard time about vegetables. Instead, Denny is dead, the victim of a horrific, freak bicycle accident that could happen to your child too. "Denny was an extraordinary child," his father Keith Curran told KHQ.

    >>

    PULLMAN, Wash. - Six-year-old Denny Curran should be enjoying his last few days of summer before first grade. He should be teasing his brother, splashing in the pool, giving his parents a hard time about vegetables. Instead, Denny is dead, the victim of a horrific, freak bicycle accident that could happen to your child too. "Denny was an extraordinary child," his father Keith Curran told KHQ.

    >>
  • Police say possible bad batch of drugs hits Spokane

    Police say possible bad batch of drugs hits Spokane

    Thursday, August 16 2018 2:25 AM EDT2018-08-16 06:25:12 GMT

    Spokane, Wash. It's been 24 hours of chaos for Spokane's police and fire departments. They have been running from call to call with reports of people walking in the middle of the street yelling at random people or at objects that don't exist. What Caused it? The Spokane Regional Health District is still struggling to find out "What we are hearing is that these individuals are demonstrating almost what would be what looks like a stimulant psychosis,"  said Doctor Bob...

    >>

    Spokane, Wash. It's been 24 hours of chaos for Spokane's police and fire departments. They have been running from call to call with reports of people walking in the middle of the street yelling at random people or at objects that don't exist. What Caused it? The Spokane Regional Health District is still struggling to find out "What we are hearing is that these individuals are demonstrating almost what would be what looks like a stimulant psychosis,"  said Doctor Bob...

    >>
  • SPD Reserve Officers set up bike sting that yields three arrests on drug and theft charges

    SPD Reserve Officers set up bike sting that yields three arrests on drug and theft charges

    Thursday, August 16 2018 9:18 AM EDT2018-08-16 13:18:26 GMT

    SPOKANE, Wash. - The Spokane Police Department set up a bike sting in the Mission and Hamilton area on Wednesday in an effort to reduce property crime numbers and ended up making three arrests. 

    >>

    SPOKANE, Wash. - The Spokane Police Department set up a bike sting in the Mission and Hamilton area on Wednesday in an effort to reduce property crime numbers and ended up making three arrests.  The area has seen numerous calls for thefts, burglaries, drug calls and assaults recently, according to the Spokane Police Department and the sting operation was put together by SPD Reserve Officers wanting to do their part to curb crime in the community. 

    >>
HD DOPPLER 6i
/