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GasBuddy News Article

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Gasoline could reach $5 by July 4

PITTSBURGH TRIBUNE-REVIEW -- -

At the rate gasoline prices are going, don't be surprised to see $4 a gallon — or higher — prices at the pump by the end of May.

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.

"Gasoline could be about $4 by Memorial Day," he said. "There could be places in the United States where gasoline will exceed $5 by the beginning of the summer, around the Fourth of July."


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Submitted Feb 20, 2012 By: SkyWarnTX
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Gasoline could reach $5 by July 4 Back to Topics
REPLIES (newest first) Post a Reply
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JagXKR
Champion Author British Columbia

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Message Posted: Feb 20, 2012 1:21:33 PM

Why not $6/gal? There is no consequence for morons spreading fear of how high prices will rise. BTW prices usually rise as summer approaches anyways. Only 1 or 2 years in the past decade have they decreased or remained even. But only 1 or 2 times did they rise drastically and those times had very different economic conditions.
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bigrigAZ
Champion Author Phoenix

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Message Posted: Feb 20, 2012 1:21:10 PM


Heard that the oil companies in the U.S. are exporting oil to China and other countries that because of higher demand there the price per gal. is higher and more money per barrel the return in profit is higher. If demand in the US is lower the cost per gal is lower - oil companies get less return. Don't know true this is but keeping us from drilling new wells and releasing strategic reserves (supposed to be for military use (or whatever)doesn't seem to smart either.
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HKL
All-Star Author Wilmington

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Message Posted: Feb 20, 2012 1:20:52 PM

ok
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Load
Champion Author Wyoming

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Message Posted: Feb 20, 2012 1:20:43 PM

its all about the speculators!! They try to make a dollar while ruining the encomy.
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MG_Sputnik
Champion Author Philadelphia

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Message Posted: Feb 20, 2012 1:20:37 PM

Like we haven't heard this before. I agree. Bring it on so there won't be any doubt Obozo will be gone in November. Later dude.
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justme48
Champion Author New Jersey

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Message Posted: Feb 20, 2012 1:18:13 PM

This is old news.But i do not think it is all Obama.I think Wall Street and the speculators have a lot to due with it.
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goodbuy
Champion Author Michigan

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Message Posted: Feb 20, 2012 1:13:38 PM

Bring it on.
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paoli8
Champion Author Philadelphia

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Message Posted: Feb 20, 2012 1:13:02 PM

Tell Obama thanks for the high gas prices. Also remind Michele and the girls to have fun on their 2012 ski vacation in the Rockies because their won’t be any government paid vacations next year.
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Dremwolf
Veteran Author Jacksonville

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Message Posted: Feb 20, 2012 1:12:29 PM

While the current prices are going up earlier. I just love that every time gas prices go up, here comes all the $4 and $5 speculation news stories.
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NavyEOD
Champion Author Los Angeles

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Message Posted: Feb 20, 2012 1:09:13 PM

I'm sure if will out here...
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divebomber
Champion Author Nebraska

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Message Posted: Feb 20, 2012 1:07:25 PM

YET, ANOTHER "SKY IS FALLING" ARTICLE!
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fightbigoil71
Champion Author Milwaukee

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Message Posted: Feb 20, 2012 1:06:28 PM

Speculation
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Buffalo Joe
Champion Author Alberta

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Message Posted: Feb 20, 2012 1:06:24 PM

Of course, it's a national holiday.
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WinderGuy
Champion Author Georgia

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Message Posted: Feb 20, 2012 1:06:18 PM

Just grin and bear it
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jay93LA
Champion Author New Orleans

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Message Posted: Feb 20, 2012 1:05:12 PM

spin the wheel
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02goldwing
Sophomore Author Illinois

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Message Posted: Feb 20, 2012 1:04:15 PM

Yep, could be $5.00. Could also be $6.00 or $3.00. What's the point of this article?
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4TIGERDOG
Sophomore Author Phoenix

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Message Posted: Feb 20, 2012 1:03:45 PM

OK
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300kmiles
Champion Author Orange County

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Message Posted: Feb 20, 2012 1:03:17 PM

Yup... old news...
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passin_gas2011
All-Star Author Ohio

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Message Posted: Feb 20, 2012 1:01:46 PM

the amount of people going on trips,and vacation this summer,,will go down..it will have an effect on tourism to some places
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dacofa
Champion Author Nevada

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Message Posted: Feb 20, 2012 1:01:27 PM

gee just in time for elections.
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magsec123
All-Star Author Mississippi

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Message Posted: Feb 20, 2012 1:01:04 PM

Nothing but a game
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pse91
All-Star Author Calgary

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Message Posted: Feb 20, 2012 1:00:28 PM

Speculators and the Future's Boy's are the ones raising the gasoline to 4 dollars.
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minnesotagirl
Champion Author Milwaukee

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Message Posted: Feb 20, 2012 12:57:26 PM

Speculation again
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quattro02
Champion Author Twin Cities

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Message Posted: Feb 20, 2012 12:53:25 PM

Hey TerryLee:

Remember when Boehner stood with his Wall Street pals and refused to pass legislation regulating teh commodity markets? Remember when McConnell and his pals filibustered similar legislation in the Senate? The last I saw both of those clowns had R's behind their name. And you blame the President? One might say the Right got exactly what it asked for.

Take a look at how much money Wall Street has in the oil markets. $300 to $350 billion is 35 to 40 days of global oil demand. And Wall Street owns it. They determine the price of oil by how much of their oil they rlease for sale to the rest of the world. That's why position limits sre needed to reign in these "patriots".
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pkrpro
Champion Author San Bernardino

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Message Posted: Feb 20, 2012 12:52:29 PM

not far from there now in So CA
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swkcpi
Champion Author Madison

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Message Posted: Feb 20, 2012 12:52:15 PM

Bye bye Obama, if the price of oil goes as high as they're saying you can kiss your a$$ good bye.
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PizzaMon
Champion Author Philadelphia

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Message Posted: Feb 20, 2012 12:51:39 PM

Kiss the economic recovery good bye if this happens.
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SkyWarnTX
All-Star Author Texas

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Message Posted: Feb 20, 2012 12:51:23 PM

---

The problem is not President Obama... the problem is the OIL LOBBY in CONGRESS and WALL STREET...

" Bought & Paid for REPUBLICANS " and their FOLLOWERS

---

REPUBLICANS in the SENATE funded by OIL & GAS INDUSTRY MONEY
http://maplight.org/content/72927
---

REPUBLICANS in the HOUSE funded by OIL & GAS INDUSTRY MONEY
http://maplight.org/content/72909
---

OIL SPECULATORS on WALL STREET are living the REPUBLICAN DREAM... with 15% Taxes...

---

WALL STREET INVESTORS have moved out of FINANCIAL STOCKS into OIL FUTURES that have moved BILLIONS of DOLLARS to BUY UP OIL SUPPLIES in the form of OIL FUTURES to BET that OIL will be higher in MONTHLY BLOCKS but they NEVER TAKE DELIVERY instead SPECULATORS continuously ROLLOVER their DELIVERY DATE to the NEXT MONTH. – See this REPORT from KTLA

---

Dr. Mark Cooper of the Consumer Federation of America explains how speculation has driven up oil prices more than China's demand has. – C-SPAN

---

BIG OIL REPUBLICANS don’t care about you, they just NEED your VOTE

---

The BASELINE price for GAS should never have climbed above $1.50, when Bush took office GASOLINE was $1.50 a gallon, and then again when Bush TANKED the WOLRD ECONOMY speculators fled and again GASOLINE was $1.50 a gallon, you can see the TRUE WORTH of unmanipulated / unspeculated GASOLINE Prices… by looking at when BUSH took Office, then again in 2008 when he TANKED the world’s economy each time unmanipulated / unspeculated GASOLINE was $1.50 a gallon

---

Republican OIL SPECULATORS on WALL STREET have spent the entire OBAMA presidency just trying to Manipulate the OIL Market back to George W. Bush(R)’s $4.11 Gasoline.

---


[Edited by: SkyWarnTX at 2/20/2012 1:54:59 PM EST]
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Lizzylou
Champion Author Stockton

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Message Posted: Feb 20, 2012 12:50:47 PM

California will reach that way before July 4!!! Highest prices now at $4.09!!!
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Vitobug
Champion Author El Paso

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Message Posted: Feb 20, 2012 12:49:09 PM

terrible
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TerryLee
Champion Author Ohio

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Message Posted: Feb 20, 2012 12:46:14 PM

Yep if Obama continues to sit on his A___________
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SkyWarnTX
All-Star Author Texas

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Message Posted: Feb 20, 2012 12:45:35 PM

--- >> clpassenubye I hope this speculation about $5 is wrong

SADLY "clpassenubye" it is NOT...

SPECULATORS are NAMING their PRICE... like BABE RUTH's "CALLED SHOT"...

SPECULATORS won't quit unti they've made their PROFIT... it has become a THREE YEAR CYCLE as shown on this GasBuddy CHART .

The DIP and UPWARD TRENDS on the GasBuddy CHART IN BOTH CASES where the UPWARD TRENDS occur are where SPECULATORS PILE BACK IN. When the SPECULATORS BUBBLE BURSTS again, there will be another PLUNGE soon and the CYCLE will REPEAT.

BECAUSE the SPECULATORS NEVER TAKE DELIVERY of their OIL on PAPAER FUTURES CONTRACTS, the PRICE will rise until the MARKET is unable to BEAR it and GASOLINE will return to it's NATURAL VALUE of $1.50 a gallon, the $1.50 PLUNGE POINT as shown in the MIDDLE of this GasBuddy CHART .---

There is NO SHORTAGE of REFINED GASOLINE in the U.S., only an OVERABUNDANCE of SPECULATOR GREED in the OIL FUTURES MARKET, bidding up the PRICE of OIL CONTRACTS, that INVESTORS NEVER TAKE DELIVERY OF.

---

DRILL BABY DRILL then EXPORT somewhere else does not make any sense. U.S. OIL Companies Export 117 million gallons per day of Refined GASOLINE... from the U.S. away to OTHER COUNTRIES... to keep the price up...

---

MANIPULATING the OIL FUTURES MARKET is a “Suited-Up” RICH MAN's GAME, played on the BACKS of HARD WORKING AMERICANS.

---

Investors have moved out of Financial Stocks into OIL FUTURES Market which currently have a higher rate of return. See this REPORT from KTLA

---


[Edited by: SkyWarnTX at 2/20/2012 1:47:59 PM EST]
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Fitwit
Champion Author Stockton

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Message Posted: Feb 20, 2012 12:45:30 PM

It is already 4 dollars at some stations and it's not even the end of February.
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montytexas
Champion Author Houston

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Message Posted: Feb 20, 2012 12:45:16 PM

Do the Amish of Pennsylvania have any used wagons/horses for sale ??
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brownsbacker80
All-Star Author Akron

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Message Posted: Feb 20, 2012 12:43:51 PM

I wish i was in the position to get rid of my 4x4 and get an AMERICAN made car with good MPG
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gasisoutrageous
Champion Author Lansing

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Message Posted: Feb 20, 2012 12:43:49 PM

I still think $5+/gallon will be confined to the normally higher priced metros like LA, Chicago, and New York City. However, we all can expect $4/gallon, and possibly up around $4.50/gallon.
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mageetp
Champion Author British Columbia

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Message Posted: Feb 20, 2012 12:43:29 PM

More spin.
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Car54BC08
Champion Author British Columbia

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Message Posted: Feb 20, 2012 12:42:55 PM

It's already over that here.
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AuburnTim
Champion Author Indiana

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Message Posted: Feb 20, 2012 12:40:24 PM

Stands to reason our government won't be satisfied until there is no middle or lower class left
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SkyWarnTX
All-Star Author Texas

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Message Posted: Feb 20, 2012 12:40:20 PM

--- >> DimitrisIL Fight back and park it!

Or, IF YOU CAN, get a HIGH MILES PER GALLON Vehicle

--

2011 Chevy Cruze Eco - EPA-estimated fuel economy of 42 mpg - $18,175

2011 Ford Fiesta SE SFE - EPA rating of 40 mpg - $14,320

2012 Ford Focus SFE - EPA fuel economy estimate of 40 mpg - $17,270.

---

Having a HIGH MILES PER GALLON Vehicle is INDEPENDENCE... not FILLING up so much is INDEPENDENCE...

---

BIG OIL is like BIG TOBACCO... BIG OIL needs to keep you DEPENDANT to keep their PROFITS at record levels...

---
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ChuckGVT
Champion Author Vermont

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Message Posted: Feb 20, 2012 12:40:20 PM

$4 a gallon may happen before the end of March. Impeach nobama for inaction and stupidity.
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idigau22
Champion Author Washington

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Message Posted: Feb 20, 2012 12:39:01 PM

The News Media are climbing all over themselves to HYPE this story!!!
They Love It!!
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amayne11
Champion Author Vancouver

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Message Posted: Feb 20, 2012 12:38:36 PM

The cost of everything is always going up. It's too bad that everything in my life is too far away for me to walk and I can't fly.
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jimmy544
Champion Author Boston

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Message Posted: Feb 20, 2012 12:38:03 PM

Probably true but that will kill any economic recovery and the country will just stagger along.
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Barfood
Champion Author St. Louis

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Message Posted: Feb 20, 2012 12:37:20 PM

I agree DimitrisIL! Good thing warmer weather is here for more comfortable bike riding.
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clpassenubye
Champion Author Los Angeles

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Message Posted: Feb 20, 2012 12:36:37 PM

I hope this speculation about $5 is wrong
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DimitrisIL
Champion Author Chicago

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Message Posted: Feb 20, 2012 12:35:54 PM

Fight back and park it!
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cj003
Champion Author Michigan

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Message Posted: Feb 20, 2012 12:35:26 PM

dont worry just before election time the "ODumba" goverment will have everything under control???
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Ken2OD
Champion Author Grand Rapids

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Message Posted: Feb 20, 2012 12:34:28 PM

Gasoline definitely jumped up in price for the celebration of President's Day. And I didn't even get the day off!
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Gascapade
Champion Author Fort Worth

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Message Posted: Feb 20, 2012 12:32:48 PM

The corrupt Big Oil/Finance paid GOP congresspuppets who sponsored and passed the bill allowing rampant crude oil speculation are way more responsible for high prices at the pump. Do they realize what complete and utter imbeciles they are for blaming Obama?.....
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red82mtu
Champion Author Michigan

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Message Posted: Feb 20, 2012 12:32:37 PM

$5 by Memorial Day, can't miss out on those holiday weekend greed runs.
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hibsaw
Champion Author Mississippi

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Message Posted: Feb 20, 2012 12:32:02 PM

It that going to kill the economy or what?
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