Of course I was right the beginning this year while the so called experts and the Oil Thug supporters in here wrong as usual.
6-3-2014
http://247wallst.com/energy-economy/2014/06/02/aaa-sees-high-summer-gas-prices/
AAA Sees High Summer Gas Prices
Now that the Memorial Day holiday is behind us and the summer driving season is “officially” underway, AAA is warning motorists that gasoline prices are expected to remain high this summer and predicting national average prices in the range of $3.55 to $3.70 a gallon. Last summer the range for a gallon of regular gas ran from $3.47 to $3.67.
The AAA’s average price assumes that there are no major disruptions to refineries during the summer, that global politics do not get worse and that the hurricane season that started on Sunday will not be too harsh.
AAA notes that gasoline prices often rise slightly between July 4 and the end of August, the height of the summer driving season. Gasoline prices are starting this summer’s driving season about seven cents higher than a year ago
Drivers in 29 states are paying more today than they did a year ago, with the biggest differences in Pennsylvania (up 26 cents), South Carolina and Kentucky (both up 23 cents).
The five states with the highest current average gasoline prices are Hawaii ($4.36), California ($4.13), Alaska ($4.01), Ohio ($3.92) and Connecticut ($3.92).
These idiots are already way wrong.
Gas jumped 20 cents today, now over $4. At $4.03 at most stations.
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Here is yet another Journalist completely clueless and wrong
http://nypost.com/2014/06/07/why-gas-prices-are-needlessly-expensive/
Why gas prices are needlessly expensive
If there’s any doubt that the summer driving season is upon us — despite the feeling that it snowed only two weeks ago — just look at the price at the pump.
With an average price already at $3.67 per gallon nationally, and at $3.96 here in New York City, it’s a real economic issue as well.
While most people know gas prices climb in summer, most believe it is a supply/demand issue, because we use more gas for car-filled vacations or beach staycations.
But the real culprit behind higher prices is the fact that summer gasoline is actually a different blend and more expensive to produce than winter gasoline. Summer gas is supposed to burn cleaner and be better for the environment, the EPA says.
But here’s the rub: Each year, typically in March, nearly 25 percent of the refineries have to shut down for one to four weeks to make the switchover.
So let’s get out the back of the envelope and figure this out.
Having 25 percent of the refineries shut down for an average of 2.5 weeks equals a nearly 10 percent cut in gas supply for that time period.
So let’s say that summer gas burns cleaner and is better for the environment.
Which Washington genius would want to halt production of 25 percent of our nation’s refineries for upward of half a month to go back to a “dirtier” gasoline in the fall? It makes no sense.
Why not leave the cleaner blend all year?
The biggest savings could come from building a few newer, more efficient major refineries, since the US has not built one since 1977.
Not only would that create thousands of well-paying jobs, it also would dramatically reduce the cost of gas.
Because there are 42 gallons in a barrel of gas, by adding 15 percent more refinery capacity, we could probably reduce our fuel costs by over 25 percent just because of the efficiencies of new refining technologies.
That reduction in gas prices would be 91 cents per gallon. Add to that the 10 cents saved by stopping the inefficient switchovers and, voilà, we are saving American consumers a $1.01 per gallon — or $135.85 billion per year.
Now that’s an energy policy.
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