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GasBuddy News Article

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8 reasons why gas will hit $5 a gallon this year

MSNBC -- The price of gas is a widely covered news item these days. Oil prices have moved up from $75 a barrel in October of last year to more than $100 a barrel currently. And the trend continues to point toward even higher oil prices. Of course, along with the price of oil, gas prices have also risen, almost in lockstep.

The price of gasoline today is 10 percent higher than it was just two months ago. The average price for a gallon of regular is almost $3.62. Gas prices in January have been the highest ever recorded price for that month. Many economists and energy analysts believe a rise to $4 a gallon is inevitable. But their estimates could be grossly understated. Gas will reach $5 a gallon before the end of the year.



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Submitted Feb 25, 2012 By: PrepHermit
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: 8 reasons why gas will hit $5 a gallon this year Back to Topics
REPLIES (newest first) Post a Reply
bigt61
All-Star Author Virginia

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Message Posted: Feb 26, 2012 9:17:58 AM

The bad news of $5 gas - it will kill the already anemic economic recovery. The good news - you'll be able to stick a fork in Obozo's re-election chances. I wouldn't mind paying $5 for a while to see him gone.
dsaine
Champion Author North Carolina

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Message Posted: Feb 26, 2012 6:16:53 AM

not good
Mark8601
Champion Author Bakersfield

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Message Posted: Feb 26, 2012 3:47:03 AM

One reason only, profits for oil companies!
chuckwthompson
Champion Author Charlotte

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Message Posted: Feb 26, 2012 2:43:05 AM

Just one reason: GREED
lesndave
Champion Author Texas

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Message Posted: Feb 26, 2012 12:09:54 AM

Only 8???
Looks like we have 12 by some of our own!
alterman156
Champion Author New York

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Message Posted: Feb 25, 2012 11:38:52 PM

I would not be surprised that the price of gasoline will reach $5 per gallon.
WalRus49
Champion Author Boston

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Message Posted: Feb 25, 2012 11:30:23 PM

Just more organized mayhem and pillage............
drpepperTX
Champion Author Texas

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Message Posted: Feb 25, 2012 10:50:06 PM

I agree with these reasons stated below:

1. Odumbo shuts down the Gulf and keeps it down, rigs move away.
2. Obummer blocks the Keystone pipeline from Canada.
3. Ocommie won't issue any new drilling permits.
4. Insane is a marxist.
5. Brrrraaaacccaaacckkk is a commie.
6. Anwar remains a untouched frozen wasteland full of howling winds and oil.
7. Barry is a socialist.
8. BHO is a nazi.

9. The Fed flooding the market with trillions of unbacked dollars, causing a rapid devaluation of the dollar, resulting in more dollars needed to buy the same amount of oil and gas.

10. Campaign promise fulfilled to see energy costs necessarily skyrocket under Barack Hussein Obama's presidency.

11. Goal of energy Czar Steven Chu to see gasoline costs reflect costs in Europe

12. barry, harry, nancy,dodd, fwank,boxer, waxman and bernacke
Time to hoist the "Mission Accomplished" banner yet?
DerHahn
Champion Author Illinois

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Message Posted: Feb 25, 2012 9:03:48 PM

i can give just as many reasons not to be driving the van this summer.
WalkingWV
Champion Author West Virginia

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Message Posted: Feb 25, 2012 9:00:28 PM

1. Wall Street

2. Wall Street

3. Wall Street

4. Wall Street

5. Wall Street

6. Wall Street

7. Wall Street

8. Wall Street
Nikontraveler
Champion Author Los Angeles

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Message Posted: Feb 25, 2012 8:55:29 PM

Ninth Reason. So Barack Obama can push his failed "Alternative Energy and Lifestyle" modes of transportation. OK do the math. The average OTR train diesel/electric engine holds 5000 Gallons of fuel in its tank. I'm sure railroads may get a "Bulk" rate on diesel, but if they don't 5000 Gallons @ $4.36 a gallon= $21,800.00 to fill one engine. It is true they are very efficient, but they are the very same efficiency at $2.35 a Gallon as $4.36 a gallon. It just costs more to make the delivery. The past two days I had a delivery in a company truck from Los Angeles to Las Vegas. about 371 miles one way. I used $225.00 of fuel just to make that one delivery round trip.

[Edited by: Nikontraveler at 2/25/2012 9:57:00 PM EST]
Meowmy
Champion Author Florida

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Message Posted: Feb 25, 2012 8:49:57 PM

Speculators and buying OUR oil and gas off the world market. We don't even use Iran's oil so why let it affect prices?
07skydriver
Champion Author Ohio

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Message Posted: Feb 25, 2012 8:18:29 PM

Only eight?
Just stay home.
JamesCalvin
Champion Author Lancaster

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Message Posted: Feb 25, 2012 8:14:42 PM

They forgot to mention the aging population!
esq262
Champion Author Asheville

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Message Posted: Feb 25, 2012 7:40:21 PM

Obama x 8
rbrk02
Champion Author Rhode Island

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Message Posted: Feb 25, 2012 7:33:18 PM

While the article makes an argument for each reason to potentially have an impact on gas prices, it was not a conclusive argument for $5 gasoline.

Legion57, very nice. ROFLMAO ;-)
buckets42
Champion Author New Jersey

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Message Posted: Feb 25, 2012 7:19:23 PM

Bias by MSNBC.
ToolinIt
Champion Author Colorado

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Message Posted: Feb 25, 2012 6:54:53 PM

How many articles basically saying the same thing are going to be posted on this site?
johnd900
Veteran Author Massachusetts

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Message Posted: Feb 25, 2012 6:46:53 PM

...and where is the DoE in all of this? No where to be found, hacks...
LEGION57
Champion Author South Carolina

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Message Posted: Feb 25, 2012 6:45:47 PM

1. Odumbo shuts down the Gulf and keeps it down, rigs move away.
2. Obummer blocks the Keystone pipeline from Canada.
3. Ocommie won't issue any new drilling permits.
4. Insane is a marxist.
5. Brrrraaaacccaaacckkk is a commie.
6. Anwar remains a untouched frozen wasteland full of howling winds and oil.
7. Barry is a socialist.
8. BHO is a nazi.
amerk73
Champion Author Dallas

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Message Posted: Feb 25, 2012 6:39:16 PM

IT A game
sandy29IL
Rookie Author Illinois

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Message Posted: Feb 25, 2012 6:24:47 PM

they need to quit predicting and do something about it
coughlin
Champion Author San Jose

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Message Posted: Feb 25, 2012 6:15:08 PM

This year? Around here, it's liable to hit $5 in June.
vmholladay
Champion Author Reading

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Message Posted: Feb 25, 2012 5:33:10 PM

Seriously? Oh, yeah, now I see ... source is MSNBC.
tnfran
Champion Author Arizona

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Message Posted: Feb 25, 2012 5:15:09 PM

Well..... At $75 a barrel gas should have been $2.10 and WASN'T Why not? Greed and any other excuse Big Oil used. At $100. it should be $2.80 and ISN'T -- But Big Oil is capitalizing on any excuse and their profits are showing it. Selling less making more .
firenrn
Champion Author San Diego

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Message Posted: Feb 25, 2012 5:01:43 PM

Good article.
arlawson67
Rookie Author Myrtle Beach

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Message Posted: Feb 25, 2012 4:58:56 PM

Then they should put up a sign, "WE FINANCE" cause they will have to start as long as prices keep going up!!!
humblepie
Champion Author Toledo

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Message Posted: Feb 25, 2012 4:55:16 PM

barry, harry, nancy,dodd, fwank,boxer, waxman and bernacke

[Edited by: humblepie at 2/25/2012 5:57:14 PM EST]
fullcirclethink
Champion Author Washington

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Message Posted: Feb 25, 2012 4:47:43 PM

9. The Fed flooding the market with trillions of unbacked dollars, causing a rapid devaluation of the dollar, resulting in more dollars needed to buy the same amount of oil and gas.

10. Campaign promise fulfilled to see energy costs necessarily skyrocket under Barack Hussein Obama's presidency.

11. Goal of energy Czar Steven Chu to see gasoline costs reflect costs in Europe

Time to hoist the "Mission Accomplished" banner yet?
Cashless
Champion Author Akron

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Message Posted: Feb 25, 2012 4:46:47 PM

NO!
gawxnative
All-Star Author Atlanta

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Message Posted: Feb 25, 2012 4:37:40 PM

Speculators/investors plus weaker dollar
cheapmonkee
Champion Author Portland

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Joined:Jun 2004
Message Posted: Feb 25, 2012 4:35:14 PM

There will be violence. Politicians, watch your 6. We are pissed.

[Edited by: cheapmonkee at 2/25/2012 5:36:12 PM EST]
MINIWINI598
Champion Author Washington

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Message Posted: Feb 25, 2012 4:16:42 PM

Interesting
kag2010
Champion Author Winnipeg

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Message Posted: Feb 25, 2012 4:08:41 PM

I IT WIL END SOON THAN YOU THINK THAT THE WAY IT WILL GO ""RIGHT"".
paulsond
Veteran Author Maryland

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Message Posted: Feb 25, 2012 4:05:30 PM

Reasonable explanation.
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