A look at this graph shows a steady increase in gasoline prices since late 2003. There's an obvious spike in price after hurricane Katrina which is followed by a correction and then a return to rising prices. Let's take that 23% increase for 2005 and do some projection for the next three years shall we?
2006 $2.69 per gallon
2007 $3.31 per gallon
2008 $4.07 per gallon
For all you non-math majors out there a 23% annual increase means the price will double every 3 years. Still worried about North Carolina's planned gas tax increase of $0.03 per gallon next year?
Ladies and gentlemen we have a larger problem.