We've been around $3.87 - $3.91 for a week now...
I just did some calculations.
If you drive 40 miles per day, 7 days a week - so 280 miles per week, and get 20 mpg:
at $4/gallon you will pay $2,912 a year for gasoline
at $3/gallon you will pay $2,184 a year for gasoline
at $2/gallon you will pay $1,456 a year for gasoline
so compared to when it was at $2/gallon you pay $121 dollars more per month.
For anyone living on "the edge", not getting at least 20 mpg, or having to drive longer distances (or even earn their living driving - using fuel) that would be of course very significant to their way of life. Yikes. I've heard it is going higher. Double yikes. I heard in one country...can't remember where though...it was at $11. Interesting.
Edited 6/5/2008 5:38 pm ET by char1105