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Record Gas Prices: Some Analysts Predict $3 A Gallon By Year's End
LA Daily News ^ | Mar 1, 2004 | Brent Hopkins

Posted on 03/02/2004 8:13:32 AM PST by hardhead

Los Angeles gasoline prices hit a record $2.178 a gallon for regular on Monday -- up more than 50 cents since Jan. 1 -- and some analysts openly talked about it hitting the once-unthinkable mark of $3 a gallon, possibly by late this year.

The Automobile Club of Southern California reported that the price of gas soared 40 cents in the past month, putting it more than 22 cents above price a year ago and 1.1 cents higher than the previous high of $2.167 on March 21, 2003.

(Excerpt) Read more at dailynews.com ...


TOPICS: Business/Economy
KEYWORDS: consumer; energy; gasoline; gasprices; price; pump; ripoff
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To: chuckwalla
I didn't say it was low. I said $3 is not high. Where in the Free world do you think is is as cheap as $3?

CG
121 posted on 03/02/2004 9:39:05 AM PST by Conspiracy Guy (The word "Tagline" needs to be added to Free Republic's Spell Check.)
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To: KantianBurke
I was thinking the same thing. What happened to "once we won the war our gas prices would be coming down??" Good folks here on FR were saying to be patient and wait for the war to end so we could see a dramatic drop in prices. I'm not dissing anyone, but come on now, we were being lied to?
122 posted on 03/02/2004 9:40:43 AM PST by pctech
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To: hardhead
Inflation----it's baack!

Not a good sign for the summer heading into the election.

OPEC will try to unseat Bush as President by sabotaging the election via higher prices.

Of course, with no new refineries in the US, and individual states mandating different gasoline blends for summer, price hikes are virtually guaranteed.

Should be one national gasoline standard instead of this patchwork of states standards.
123 posted on 03/02/2004 9:41:05 AM PST by swarthyguy (You have to remember that if you grow thorns, you will not harvest roses - Ayman Al-Zawahiri)
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To: Dane
Also as has been noted refinery capaicty in the US is lacking and add in different grades of bla bla

Say, are you not the same guy that runs to every thread attacking anyone that has "had it" with our country being invaded by millions of illegal aliens?

Yeah, your the same guy all right. No mistake.

124 posted on 03/02/2004 9:41:05 AM PST by Joe Hadenuf (I failed anger management class, they decided to give me a passing grade anyway)
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To: Uncle Hal
So you want more government regulations on free eneterprise?

CG
125 posted on 03/02/2004 9:41:19 AM PST by Conspiracy Guy (The word "Tagline" needs to be added to Free Republic's Spell Check.)
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To: Lunatic Fringe
Americans can stop crying about gas prices. We still pay some of the cheapest prices for gasoline in the world.

Gas prices in Russia 2 weeks ago ... 9 rubles per liter.

$1.23 a gallon using their conversion rates from that time.

Not bad.

126 posted on 03/02/2004 9:41:38 AM PST by Centurion2000 (Resolve to perform what you must; perform without fail that what you resolve.)
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To: Conspiracy Guy
Like I said if I was in charge of pricing and listened to you I'd raise it to $3.00 by this afternoon and $3.50 by April because you'd pay it and be grateful while I laugh all the way to the bank.
127 posted on 03/02/2004 9:41:48 AM PST by chuckwalla
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To: Centurion2000
Even if we increase supply, unless we increase refinery capacity the extra oil is just gonna still there until it can be refined.
128 posted on 03/02/2004 9:42:38 AM PST by mewzilla
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To: TruthNtegrity
$1.73 for regular around here - here being No. VA.

Yikes! Here on the Eastern Shore it is $1.51 for regular.

Yesterday we paid $1.61 for regular in southern Delaware.

129 posted on 03/02/2004 9:42:44 AM PST by Gabz (The tobacco industry doesn't pay cigarette taxes - smokers do!)
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To: Lunatic Fringe
Shhhhhh! A few people here want to be free while the government regulates everything.

CG
130 posted on 03/02/2004 9:42:56 AM PST by Conspiracy Guy (The word "Tagline" needs to be added to Free Republic's Spell Check.)
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To: hardhead
Bush will open the Stragtegic Petroleum Reserve just in time for low gas prices on election day.


BUMP

131 posted on 03/02/2004 9:43:16 AM PST by tm22721 (May the UN rest in peace)
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To: chuckwalla
That is free enterprise. But that is something you are against I suppose.

CG
132 posted on 03/02/2004 9:45:06 AM PST by Conspiracy Guy (The word "Tagline" needs to be added to Free Republic's Spell Check.)
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To: hardhead
Lets see...

Outsourcing and Off-shoring American jobs, kicking the door open even more for illegal aliens, little to no middle-class job creation in America, obscene CEO pay, obscene Wall Street profits, obscene gas and oil company profits, gas at a 1.63(this morning at the local QT) and rising all year to perhaps 3 dollars or more by election time.

Can you say "President Kerry"?????

Uh huh...

133 posted on 03/02/2004 9:46:58 AM PST by Walkin Man
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To: steve50
So a dollar that's worth 40% less has nothing to do with the producers wanting more of them for the same amount of a product. I hope you never attempt to run a business, at least not with anybodies money other than your own.

Not in this case because oil is still priced in dollars. The Saudi's and OPEC can try to get the dollar price up by cutting back on supply. Which it looks like they are doing, but as the price goes up more oil will come onto the market.

But the rise in price of gas isn't in the shortage of crude, but a shortage of refinery capacity and the regulations hampering the refinery capacity even more(i.e different grades of gasoline).

134 posted on 03/02/2004 9:47:53 AM PST by Dane
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To: hardhead
Boycott Mobile for 30 days....force one company to have an oversupply and no sales.
135 posted on 03/02/2004 9:48:57 AM PST by xzins (Retired Army and Proud of it!!)
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To: Conspiracy Guy
That is one sided enterprise.
We need some clout to keep them in their place like unions did a long time ago.
A consumers union that was able to organize a rolling boycot.
We did this some years ago in Ca and it worked.
Boycot on oil company per day and the price will come down and they will not go out of business.
That is free enterprise.
136 posted on 03/02/2004 9:49:34 AM PST by chuckwalla
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To: Walkin Man
Can you say "President Kerry"?????

Yup you are, IMO, with you parroting the ignorant demo talking points.

137 posted on 03/02/2004 9:50:05 AM PST by Dane
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To: Dane
Go ahead any bury your head in the sand, see what that gets you on election day.

The wheels are coming off of GW's wagon and you are attacking the people who are trying to warn you!

The stupid party never learns...

138 posted on 03/02/2004 9:53:13 AM PST by Walkin Man
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To: ken5050
"....put a lot of pressure on Senators..."

I will take that bet.

By now you should know if it is bad for the US Dumpo-craps vote for it, or against it as the case may be.
139 posted on 03/02/2004 9:53:36 AM PST by snooker
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To: Dane
Think back to Jimmy Carter and never vote democrat again.
140 posted on 03/02/2004 9:53:47 AM PST by chuckwalla
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