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GasBuddy News Article

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votes
Gas Prices Predicted To Hit Record $4.25 High By Apri

Fox Charlotte -- Joe Cannamela says, “It affects everybody."
Cannamela is a hard working man. Three years ago the former long haul truck driver bought himself a limousine and started Bada Bing Limo Service. Now he says if gas prices shoot up as predicted, it will hurt at his bottom line.

Cannamela says, “$4.25 is gonna eat at mine, my clients lines."

The Oil Price Information Service expects gasoline to hit a record $4.25 per gallon by the end of April.

Right now Cannamela spends $30 to $50 dollars in gas per job, and he says if the prediction holds true that figure will rise.

Wells Fargo Economist Mark Vitner says the timing makes it even worse, “The run up in gasoline prices is occurring at a time when we're got very high unemployment and we haven't had a whole lot of income growth."


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Submitted Feb 19, 2012 By: bar1035
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Gas Prices Predicted To Hit Record $4.25 High By Apri Back to Topics
REPLIES (newest first) Post a Reply
waynemustang
Champion Author Indiana

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Message Posted: Feb 19, 2012 9:58:44 PM

I remember when they were predicting $5 gasoline. Don't believe them.
TedNC
Champion Author North Carolina

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Message Posted: Feb 19, 2012 9:57:25 PM

Higher prices will hurt everyone.
vibdata
Champion Author Massachusetts

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Message Posted: Feb 19, 2012 9:57:24 PM

The fallout from this: people are ignoring DIESEL prices. And the FOOD prices have SOARED. This is not just about driving less. It's about people not being able to afford food if this continues. Never mind LEISURE TIME ACTIVITIES.

Of course, then there's the SHRIMP and COCKTAILS crowd. They don't care. They want high prices. They are rippin' you OFF.
CAD69
Champion Author Milwaukee

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Message Posted: Feb 19, 2012 9:56:08 PM

More speculation!
thiswray
Rookie Author Fresno

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Message Posted: Feb 19, 2012 9:53:12 PM

It is getting ridiculously unaffordable. Don't know why they can't get gas prices under control.
carman11
Champion Author North Carolina

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Message Posted: Feb 19, 2012 9:53:04 PM

THIS IS NOT GOOD.
nwsynthetics
Champion Author Oregon

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Message Posted: Feb 19, 2012 9:50:51 PM

record high by april, and record high by summer at $5 $$$$$$$$$ i love it
porotito
Champion Author Houston

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Message Posted: Feb 19, 2012 9:50:48 PM

Then stop using those stupid 50 ft long hummers as limos.
1Casey
Champion Author Albany

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Message Posted: Feb 19, 2012 9:49:46 PM

Why
Smoke and mirrors.
TelsaOR
Champion Author Oregon

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Message Posted: Feb 19, 2012 9:46:56 PM

It affects everyone's bottom line.
nj2000ng
Champion Author Houston

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Message Posted: Feb 19, 2012 9:40:45 PM

too bad
livedream
Champion Author Michigan

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Message Posted: Feb 19, 2012 9:39:15 PM

"Predictions" such as this are nothing more than carefully aimed propaganda to prime the public for another gouging!
And FOX is their friendly, well-trained messenger!! -- Knowing full well the Speculators will take their cue from this -- And, yup! -- The price bidding goes up!!!

Again, I agree with milespergallon on this, 100%.

[Edited by: livedream at 2/19/2012 10:40:26 PM EST]
bdlewis
Champion Author Colorado

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Message Posted: Feb 19, 2012 9:36:18 PM

Has anyone thought about us drilling for our own oil.
PAborn54
All-Star Author Milwaukee

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Message Posted: Feb 19, 2012 9:35:56 PM

Gotta agree with milespergallon on this one.
jetlagAK
Champion Author Anchorage

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Message Posted: Feb 19, 2012 9:35:55 PM

The USA will continue to suffer while BO is in office. Vote him out while there's still a chance to save the USA.
RitaVespa
Champion Author Oregon

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Message Posted: Feb 19, 2012 9:33:22 PM

ouch
milespergallon
Champion Author Illinois

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Message Posted: Feb 19, 2012 9:28:07 PM

If OUR fuel were not traded on the commodities market we would have reasonable fuel prices!
Take fuel OUT of the commodities market!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NemoIL
Champion Author Illinois

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Message Posted: Feb 19, 2012 9:27:24 PM

bad
Kaiyne
Champion Author Chicago

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Message Posted: Feb 19, 2012 9:25:29 PM

I hope that the government puts a cap on the rising costs of gas.
Bhmf4
Champion Author Alabama

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Message Posted: Feb 19, 2012 9:24:42 PM

Thank you President Obama, can I have another.
firemunkee
Veteran Author Maryland

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Message Posted: Feb 19, 2012 9:24:02 PM

not surprised
straz
Champion Author Pennsylvania

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Message Posted: Feb 19, 2012 9:19:21 PM

More surcharges
Pointtx
Champion Author Austin

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Message Posted: Feb 19, 2012 9:19:00 PM

If you say it often enough, it becomes true. Something every politician has learned.
ExplorerWA
Champion Author Washington

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Points:1,469,515
Joined:Feb 2011
Message Posted: Feb 19, 2012 9:18:51 PM

These predictions seem to be setting the stage for increased fuel prices. I'm beginning to think they are not good. Increased prices will hurt our economy. Not good.
EmperorsFinest
Champion Author Chicago

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Message Posted: Feb 19, 2012 9:18:02 PM

Stop the speculators from imprinting this on our minds. Too many sheep out there accepting the rising prices...
camaro_man
Champion Author Kitchener-Waterloo

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Message Posted: Feb 19, 2012 9:15:41 PM

oh wait,,,is that canadian gas u are using for the most part???? well we pay $4.80 a gallon here.....STOP THE WHINING!!!!!!!!!
PithyOpiner
Champion Author Stockton

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Message Posted: Feb 19, 2012 9:14:27 PM

So, Joe, raise your prises to off-set the increased cost of petro!! Jeeze, do I have to think of everything for you guys in business?
GLM4205
Champion Author Toledo

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Message Posted: Feb 19, 2012 9:12:57 PM

Not good for the economy. If the prices are too high we could have another recession.
Rockwoodband
All-Star Author Flint

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Message Posted: Feb 19, 2012 9:12:25 PM

Why do they publish these predictions? All it does is obligate the oil companies to make it happen.
Goatroper
Champion Author Dallas

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Message Posted: Feb 19, 2012 9:08:56 PM

Repeat article.
TonyPSU
Champion Author Cleveland

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Message Posted: Feb 19, 2012 9:07:52 PM

My guess is at least $5 this summer
abcdMA
Champion Author Worcester

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Message Posted: Feb 19, 2012 9:07:02 PM

that will kill the economy quickly
sillywagon
Champion Author New York

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Message Posted: Feb 19, 2012 9:05:42 PM

I get the impression that WashingtonDC is oblivious to the problem of high gasoline prices. What are they doing?
pjslyfox
All-Star Author Grand Rapids

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Message Posted: Feb 19, 2012 9:03:41 PM

As I said, bend over!
ratones1
Champion Author Los Angeles

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Message Posted: Feb 19, 2012 9:03:18 PM

tell you...
knot2swift
Champion Author Calgary

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Message Posted: Feb 19, 2012 8:59:49 PM

I think Europe is paying about $10 for a US gallon these days.

We should be ready for that in time.
Yankee829
Champion Author Dallas

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Message Posted: Feb 19, 2012 8:56:56 PM

Nobody knows
raj_fl
Champion Author Trenton

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Message Posted: Feb 19, 2012 8:56:42 PM

time to eat less out and eat home
gmcgas
Champion Author Atlanta

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Message Posted: Feb 19, 2012 8:56:34 PM

really?
raj_fl
Champion Author Trenton

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Message Posted: Feb 19, 2012 8:56:18 PM

its time to give up on the suv's and trucks
Winston76
Champion Author Michigan

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Message Posted: Feb 19, 2012 8:56:11 PM

All of you who are trying to pin this on Obama, can you explain why oil went up to $147 a barrel in the summer of 2008 when Bush was in office? I'm not saying that I support Obama's policies but I don't think he should be blamed every time the price of gas rises. Maybe if we stop believing predictions like this that are most likely made by fools who are just looking a line their pockets with our money, stop making statements about the next great depression coming, then things might improve. Its a long shot, but its better to believe that then having to read a bunch of gloom and doom posts.
Tucker1961
Champion Author Seattle

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Message Posted: Feb 19, 2012 8:55:25 PM

sounds right
gasisoutrageous
Champion Author Lansing

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Message Posted: Feb 19, 2012 8:55:05 PM

People will stop driving, or at least much less. We'll start seeing fewer gas guzzling vehicles drive in a gas guzzling manner. Guess I better dust off that bike and round up the bus tokens.
FlyNFool
Champion Author South Carolina

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Message Posted: Feb 19, 2012 8:54:58 PM

Maybe even before then.
cimilluca1
Sophomore Author New York

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Message Posted: Feb 19, 2012 8:54:41 PM

The Middle Class continues to shrink.....
mfeldstein
Champion Author Ottawa

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Message Posted: Feb 19, 2012 8:53:20 PM

Who really knows, eh?
FrankTA2
Champion Author New York

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Message Posted: Feb 19, 2012 8:52:11 PM

In NY there are some stations charging close to that now.
fuelconscious
Champion Author Los Angeles

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Message Posted: Feb 19, 2012 8:50:30 PM

I wouldn't be surprised to $5 a gallon for gasoline by April for 87 octane here in Southern Cali.
toytech3
All-Star Author Chicago

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Message Posted: Feb 19, 2012 8:48:14 PM

so much for the recovery
DEG
Champion Author Las Vegas

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Message Posted: Feb 19, 2012 8:45:26 PM

Under Obama we have had the highest sustained unemployment. Under Obama we have had a $1+ trillion deficit each year. Obama railed at Bush fro increasing the federal deficit by around $4 trillion in 8 years; he is on pace to do at least that much in four years.
jdc17327
Champion Author Pennsylvania

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Message Posted: Feb 19, 2012 8:44:26 PM

okay
themaninthehat
Champion Author New Orleans

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Message Posted: Feb 19, 2012 8:43:14 PM

Time will tell.
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