Got Gas? U.S. Economy to Worsen as Gas Prices Skyrocket

[dmcowen674]

Gas tanks are draining family budgets.

While I understand that gas is more expensive, are people really averaging $369 per month on gas? Damn, that seems very high to me. hmmmmm

Gas is now more than my car payment

The only people not affected by the rise in gas is ATers.

 

[Doppel]

Gas is now more than my car payment

The only people not affected by the rise in gas is ATers.

With the interest rate you must get (I assume from your posts your credit score is about 520) that says something.

 

[Svnla]

Murphy Gasoline is at $3.57/gal now and they just sent a coupon for $2 off via email to me.

 

[amdhunter]

Cost me $55 to fill up this morning. That's less than the $68 I paid a few months ago. I guess it is kinda dropping.

 

[Engineer]

Cost me $55 to fill up this morning. That's less than the $68 I paid a few months ago. I guess it is kinda dropping.

I assume you mean a few weeks ago (click on 3 month to see average).

 

[dmcowen674]

5-28-2011

According to P&Ners,apparently this only applies to me in Chicago.

http://www.suntimes.com/business/56...ices-still-sizzling-as-summer-approaches.html

High gas prices still sizzling as summer approaches


There’s less money this summer for hotel rooms, surfboards and bathing suits. It’s all going into the gas tank.

As Memorial Day weekend opens, the nationwide average for a gallon of unleaded is $3.81. Though prices have drifted lower in recent days, analysts expect average price for 2011 to come in higher than the previous record, $3.25 in 2008. A year ago, gas cost $2.76.

With Gas still well over $4 a gallon in Chicago, the summer driving season is looking grim.

 

[Doppel]

5-28-2011

According to P&Ners,apparently this only applies to me in Chicago.

http://www.suntimes.com/business/56...ices-still-sizzling-as-summer-approaches.html

High gas prices still sizzling as summer approaches


There’s less money this summer for hotel rooms, surfboards and bathing suits. It’s all going into the gas tank.

As Memorial Day weekend opens, the nationwide average for a gallon of unleaded is $3.81. Though prices have drifted lower in recent days, analysts expect average price for 2011 to come in higher than the previous record, $3.25 in 2008. A year ago, gas cost $2.76.

With Gas still well over $4 a gallon in Chicago, the summer driving season is looking grim.

And as those of us with cooler heads prevailed, the $5 by Memorial you kept pimping in silly links never materialized, a great surprise (not really).

 

[Capt Caveman]

5-28-2011

According to P&Ners,apparently this only applies to me in Chicago.

http://www.suntimes.com/business/56...ices-still-sizzling-as-summer-approaches.html

High gas prices still sizzling as summer approaches


There’s less money this summer for hotel rooms, surfboards and bathing suits. It’s all going into the gas tank.

As Memorial Day weekend opens, the nationwide average for a gallon of unleaded is $3.81. Though prices have drifted lower in recent days, analysts expect average price for 2011 to come in higher than the previous record, $3.25 in 2008. A year ago, gas cost $2.76.

With Gas still well over $4 a gallon in Chicago, the summer driving season is looking grim.

What happened to $5 in Chicago by Memorial Day? Oh wait, it's dropping in price instead.

Ban this moran...

 

[dmcowen674]

Hopefully this nails hard the smug idiots from states like Texas and the rest that haven't been paying what Chicagoans have been paying all along:

5-31-2011

http://www.nypost.com/p/news/busine..._9mzb1aAfj4bpC8X63YYKhI?CMP=OTC-rss&FEEDNAME=

Comin' this summer... $5 gas


The living's easy -- the driving is hard

The forecast for the summer driving season: Hit the road early. Not to beat the traffic, but to beat the higher gas prices expected in mid-July.


Goldman Sachs' crystal ball is proclaiming that oil will soon soar to $135 a barrel, and likely have service stations jacking up fuel prices to $5 a gallon in New York just like the summer of 2008 that preceded the recession.

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"Drivers try to do what they can, but they have to go almost all the places they go," says energy researcher David Greene of the Department of Energy Web site fueleconomy.gov. "There's no magic gizmo that will drastically change someone's gasoline use."

And for that reason, as well as global uncertainty, Goldman and JP analysts see a return to high oil and gas prices in the coming months. Without a significant decrease in American demand -- or a sudden desire not to commute or drive to the shore -- $5 a gallon is likely on the horizon.

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[stag3]

fill up is close to 55 for me now
when i got my car 1 year ago it was 35 for a full tank LOL

 

[dmcowen674]

and the rise up resumes

5-31-2011

http://finance.yahoo.com/news/Oil-r...RvbmU-?x=0&sec=topStories&pos=5&asset=&ccode=

Oil climbs above $102 on weaker US dollar


Oil prices climbed above $102 a barrel Tuesday as talk of more financial aid for Greece helped weaken the U.S. dollar and traders worried about turmoil in Libya and the Middle East.

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If traders "worry" so much they should not "traders".

It's beyond absurd

 

[The-Noid]

and the rise up resumes

5-31-2011

http://finance.yahoo.com/news/Oil-r...RvbmU-?x=0&sec=topStories&pos=5&asset=&ccode=

Oil climbs above $102 on weaker US dollar


Oil prices climbed above $102 a barrel Tuesday as talk of more financial aid for Greece helped weaken the U.S. dollar and traders worried about turmoil in Libya and the Middle East.

=========================================

If traders "worry" so much they should not "traders".

It's beyond absurd

It has been a good day so far.

 

[Darwin333]

Hopefully this nails hard the smug idiots from states like Texas and the rest that haven't been paying what Chicagoans have been paying all along:

It won't change WHY Chicago pays more though so if it does hit them hard you will still be hit even harder.

 

[airdata]

Does this mean I should fill up while it's 3.50 before it goes back to 3.90 ?

 

[werepossum]

Judging by the Goldman-Sachs analysts' track record, I think they're staring at a snow globe rather than at a crystal ball.

 

[Ackmed]

The same smuck keeps posting doom and gloom every day. Give it a rest, and stop bumping all the time.

 

[WhipperSnapper]

For those of you who enjoy listening to talk radio with wireless headphones (while you're cooking or doing the dishes or whatever), NPR's On Point aired a show about high gas prices today. (It should be about 45 minutes long.) Enjoy:

Summer 2011 On $4 A Gallon With regular unleaded around the $4 mark, we look at life in a summer of high gas prices.

 

[Engineer]

Gas down to between $3.64 and $3.69 in Lexington today. Peaked at $4.05 a few weeks ago. Just hope it continues to go down.....really hate to see the economy tank again because of a push from high energy prices, not to mention the usual resulting inflation on other goods that are transported via truck (i.e. most of them).

Jumped from $3.63 to $3.85 today. Quoted so show that I had indeed posted when it went down and not just when it goes up, lol!

Side note, just saw on CNBC that oil dropped under $100 because of dismal economic forecasts for the US economy going forward.

 

[Paul98]

In Michigan I saw a gas station at 3.68 gallon, 4 hours later when I drive by again it's at 4.20. A freaking 52 cent increase per gallon in 4 hours!

 

[Engineer]

In Michigan I saw a gas station at 3.68 gallon, 4 hours later when I drive by again it's at 4.20. A freaking 52 cent increase per gallon in 4 hours!

??? What was/is the prices in the surrounding stations?

That just doesn't sound right.

Edit: Although charts show a large spike today in the average price in Michigan.

Click me.

 

[Doppel]

In Michigan I saw a gas station at 3.68 gallon, 4 hours later when I drive by again it's at 4.20. A freaking 52 cent increase per gallon in 4 hours!

 

[Capt Caveman]

Gas down $0.10 here to $3.89

 

[mchammer187]

If anyone is looking to save money on gas this is pretty good.

https://www.penfed.org/productsAndRates/creditCards/RewardCards.asp

5% back on gas and it is credited back to you every month and it even works places like Sam's Club/ BJ's where the Amex gas cards don't give you 5%

I have been using it for years and it has easily saved me hundreds on gas

combining that with Gasbuddy (iphone app) than i easily spend much less on gas than most people.

 

[WhipperSnapper]

I wonder how long they'll maintain that 5% back on gas. Years ago I had a credit card from one of the most prominent companies that paid back 5% on gas and groceries. It was great. Of course, after I had the card for two years they axed it.

 

[mchammer187]

I wonder how long they'll maintain that 5% back on gas. Years ago I had a credit card from one of the most prominent companies that paid back 5% on gas and groceries. It was great. Of course, after I had the card for two years they axed it.

I have had the card since 07 it used to be 1.25% on all purchases but they did get rid of that last year but the 5% seems to be still going strong