Gas in Chicago vs. Everywhere Else Chicago has become my home and I love it here. Five years ago when I was still a newcomer, the city was having a hard time to recover from the recession in 2009. Economically, Chicago is still struggling to recover from the recession. The city have millions of hearts and those hearts love the direction the city is heading to. Until recently, in my Policy Class, I realized something that is a big issue for Chicagoan. In the second unit of my Policy course, monopoly, I realized that gas in Chicago is getting much more hard to believe that people can afford to have a vehicle. Gas prices in Chicago have been on the rise for weeks and now, they've hit a record. According to WGN News Chicago, the city's current average gas price is $4.08 per gallon (3.785 liters). That's over 35 cents more than $3.71 national average. In downtown Chicago, the price is even 60 cents higher than $ 4.08 according to a WGN reporter/anchorman, Robert H Jordan Jr. The city of Chicago is becoming more hard to live in because the gas is rising so high and so fast. Previously Shell gas company was not as monopolist as it is now. I am not so sure if Shell is a monopoly but it is acting like one; it has a large share in the market of Chicago. The state average of $4.12 a gallon seems to be going down but Chicago's price is going in the opposite direction. This is forcing the people of Chicago to take public transit ( CTA) and biking according to Chicago Tribune. I have a map or visual aid from chicagogasprices.com that shows the current oil/ gas prices in the city of Chicago.
by Gas Buddy, 2013. I came to understand that the recent flood problem in Chicago caused some of the gas price to go up. I became interested in this topic not because it concerns me but because it is a big problem for people with vehicles. I take public transportation because I don’t own a vehicle and I find it more expensive to own than to use it. When the price of gas went up constantly many are starting to take public transit and now the CTA is increasing its price to. It was not hard for me to know how gas price can also affect people without vehicle but it was hard to make a connection.
Sources: Hargreaves, Steve. (Falling gas prices could boost..) CNNMoney, 04/2013. Robert H. Jordan Jr.( Gas prices continue to rise...) WGN 9 News, 04/2013. Cars.com.(Gas Prices Plummet Nationwide Except..) Techron Works, 02/2013.
ChicagoGasPrices.com. ( Chicago Gas Prices) Gas Buddy, 2013. ChicagoGasPrices.com. ( Historical Gas Prices Carts) Gas Buddy, 2013.