$5 Gas around the corner...

[Analog]

American motorists have seen the national average for a gallon of regular gasoline rise above $3.50 a gallon on just three occasions, but it has never happened this early in the year. Analysts say it's likely a sign that pain at the pump will rise to some of the highest levels ever seen later this year.

In 2008, average gasoline prices had hit inflation-adjusted records nationally by the summer, but they didn't climb above $3.50 a gallon across the U.S. that year until April 21, according to the AAA Fuel Gauge Report. It happened again last year, but not until March 6.

But $3.50 a gallon gasoline is already here in 2012, weeks before refineries typically shut down for springtime maintenance, and weeks before the states switch from their less expensive winter blends of gasoline to more complicated and pricier summer blends.

"This definitely sets the stage, potentially, for much higher prices later this year," said Brian L. Milne, refined fuels editor for Telvent DTN, a commodity information services firm. "There's a chance that the U.S. average tops $4 a gallon by June, with some parts of the country approaching $5 a gallon."

http://www.mcall.com/business/mc-gas-prices-20120214,0,2776477.story?track=rss

 

[crownjules]

Dave totally called this 8 years ago.

 

[allenk09]

All this money I've been saving up for a car, may go to a bicycle.

I remember just 2 years ago when I moved to Tucson the gas prices were like $1.65/gallon.

 

[bignateyk]

Dave totally called this 8 years ago.

Nostradaveous

 

[calvinbiss]

They same this same shit every year and it never happens. Gas prices aren't expected to climb significantly in the next coming weeks.

 

[destrekor]

Dave totally called this 8 years ago.

lol

 

[Born2bwire]

Dave totally called this 8 years ago.

Haha. He'll break out the Voodoo economics too to say that his prediction was first fulfilled 8 years ago.

 

[Gooberlx2]

Makes me glad I got a motorcycle for commutes. Just need to take the class and get licensed.

 

[FoBoT]

you left out how the Unions are preparing to put refinery workers on strike
http://www.reuters.com/article/2012/01/29/us-usw-labor-refinery-strike-idUSTRE80S0HS20120129

The United Steelworkers union told U.S. refinery workers to prepare to offer safe and orderly refinery shutdowns prior to a strike that could begin as early as 12:01 a.m. Wednesday, sources familiar with the union's preparations said on Sunday.

 

[Modelworks]

Sucks for the majority. Thankfully I walk and bike.

 

[hclarkjr]

the world is ending this year anyhow, so who cares!!!

 

[OILFIELDTRASH]

BS. Market doesn't support it. They try this shit every year. We buy more fuel efficient cars, car pool, drive less, etc.. every time. They keep it up and the American public gets pissed off enough and we'll start using natural gas cars or have gasoline cars that get 70mpg. They know this and won't cut their own balls off.

 

[jlee]

They same this same shit every year and it never happens. Gas prices aren't expected to climb significantly in the next coming weeks.

They've gone up about 30 cents here in the last six weeks or so.

 

[Ackmed]

It wouldnt be around the corner if people and media would quit spreading it like wild fire.

 

[amdhunter]

Yay Obama.

 

[blinblue]

Am I the only one who hates the phrase "pain at the pump"?
It is so overused, and it is only used because it is an alliteration. If milk prices went up you wouldn't say you were feeling the pain at the refrigerated dairy section of a grocery store.

 

[shiner]

Dave totally called this 8 years ago.

The can have my Balsamic Vinegar when they pry it from my cold, dead hands!!!!

 

[OILFIELDTRASH]

Makes me glad I got a motorcycle for commutes. Just need to take the class and get licensed.

You won't save a dime. You have to pay for bike insurance, the bike, bike maintenance which includes tires that last 5000 miles and cost as much as 4 car tires, etc...

<----Have ridden owned motorcycles for about 16 years.

 

[DrunkenSano]

Wait till the war between Iran vs Israel + US starts. Gas will be like $15 a gallon.

 

[bignateyk]

Wait till the war between Iran vs Israel + US starts. Gas will be like $15 a gallon.

That wouldn't be much of a war. Israel alone could wipe the floor with Iran.

 

[FoBoT]

Wait till the war between Iran vs Israel + US starts. Gas will be like $15 a gallon.

that won't be until after the election, 'they' don't want to mess things up before people 'vote'

 

[WaTaGuMp]

That wouldn't be much of a war. Israel alone could wipe the floor with Iran.

Even so, it gives the wall street speculators a reason to drive oil to $500.00 a barrel.

 

[WelshBloke]

Nostradaveous

They should offer that to Dave as a custom title.

 

[GrumpyMan]

A fly could fart in the Middle East and they will raise prices and of course the summer blends gasoline is going to come on line so that is another excuse they can fall back to tell why gas is $5.00 a gallon.

 

[LTC8K6]

It always goes up fast, and down very slowly....