The public is invited to a gas lease forum at 6:30 p.m. Thursday at the United Church of Christ on West Main Street in Norwich.
Mina Takahashi, an organic farmer from Oxford, says she knows from experience that landowners should be aware of the implications of signing a gas lease.
U.S. Gas prices have hit a four-month high with 32 straight days of increases at the pump bringing misery to spring breakers and job hunters.
The Automobile Association of America said Monday that the national average for a gallon of regular is $3.73 and is 43 cents more than a month ago. Prices top $4 per gallon in California and Hawaii.
A combination of high crude prices, refinery shutdowns, and early speculation has sent gas prices soaring to seasonal highs earlier than usual this year and with no signs of prices at the pump falling until spring, according to recent estimates.
The U.S. Department of Energy released a statement that concluded U.S. households spent an average of just over $2,900 on gasoline in 2012. That is the highest level in four years.
The numbers reached similar levels in 2008, when a red-hot global economy and panic over dwindling supplies sent gas prices through the roof. Before that, it was nearly three decades to see percentages of incomes spent
U.S. Gasoline prices crept up by about 2 cents per gallon over the past two weeks, but higher crude oil prices are likely to mean more small increases on the horizon, the latest Lundberg Survey concluded recently.
Friday's national average was $3.44 for a gallon of regular gasoline. That's up from $3.42 in the previous survey, conducted Jan. 11, but down about a nickel from this time a year ago.