Posted on 03/04/2005 7:45:04 AM PST by Quick1
Gasoline prices are about to go through the moon roof. One analyst predicts a 24-cent-a-gallon increase in the next few days and other experts say average prices could go as high as $2.50 a gallon this summer, the peak driving season.
"$2 a gallon we think is easily within reach and probably in the next couple of months," the American Automobile Association's Robert Sinclair told CBS Radio News.
Tom Kloza, senior analyst at the Oil Price Information Service, expects the jump much sooner: The end of this month. "Petronoia is in full flower," he told USA Today, but added he's not sure if prices will stay over $2 a gallon, or retreat as they did last fall.
Fuel-watchers say the main culprit is global demand, which briefly pushed the price of a gallon of crude oil as high as $55 a barrel Thursday. That's the highest level since last October.
(Excerpt) Read more at cbsnews.com ...
In my little town in Missouri, we jumped 8 cents over night. Now at $1.84
What is oversized? For me it is simple. I can buy two small cars to cart around my family, or one big enough for everyone. Which is more efficient? How about a high tax on idiots instead?
Well...if they actually were in this for the oil, wouldn't they have done just that before the election to ease re-election?????
What if the entire U.S went nuclear (I don't know how many plants are needed to make that a reality... a 1000 new ones would be a good start)? It would definitely lower energy prices across the board. How much oil would that free up for other areas?
...heh, heh
I don't think he's saying that there in it for the oil; he's arguing that there in it for the profits. Lowering prices might be good politics but bad economics according to this theory.
I think my next car is going to be a four-cylinder (okay, I probably won't go that far) Nissan.
I am certain that several refineries in Cali will go off line in order to push it even higher.
$2.09 at 4 pm and $2.99 this morning
I bet you meant $1.99 this morning, right?
bump
Airline solvency alert...
I'll double check tonight when I go by there. But that is no guarantee that if I was mistaken about the $2.99 earlier, it WON'T be $2.99 by this PM. Maybe I read it wrong, for sure I was not going to pull in for a better look.
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