I fully expect $4.00 by July.
Posted on 04/09/2006 2:46:00 PM PDT by snowsislander
Lundberg says national average rises to $2.67 a gallon, but price run-up may be ending.
April 9, 2006: 4:37 PM EDT
ATLANTA (CNN) - Gas prices shot up another 17 cents per gallon over the past two weeks to a national average of $2.67, a survey said Sunday.
Since Feb. 24, the average price of a gallon of self-serve unleaded has risen 42 cents, said Trilby Lundberg, publisher of the Lundberg Survey, which tallied prices March 24 and April 7 for its latest survey.
"Some of the pump price surge comes from higher crude-oil prices, but most is the new fuel specifications resulting from energy-bill provisions and EPA regulations," she told CNN.
[....]
But, assuming no further crude-oil price jumps or any emergency affecting refining capacity, gasoline supplies should swell and prices should drop soon, she said.
"The end of the price run-up at the pump, I believe, is very near."
Of the cities surveyed April 7, Salt Lake City has the lowest average price, at $2.28 per gallon. The highest price was in Honolulu, at $2.88 per gallon.
Here are prices elsewhere:Atlanta: $2.57; Portland, Me.: $2.59; Boston: $2.61; Seattle: $2.66; Houston: $2.70; Chicago: $2.80.
(Excerpt) Read more at money.cnn.com ...
Also, I wonder why Salt Lake City at $2.28 is so much cheaper than anywhere else listed -- that's $0.39 less than the average of $2.67.
Why would Houston gas be more expensive than Boston? It is against the nature.
I suspect the Mormons! lol.
Another big difference is in the amount of state tax added per gallon. Here is a link to compare state taxes
No doubt the oil industry apologists will shrug this latest round of gougings off as free market supply and demand. I'm sure the demand surged 17 percent in the last two weeks. Summer driving and all, y'know ...
Quit buying gas...or quit complainin'....
Now this makes even LESS sense.
Naw, it's just the government screwing us even harder again. I was wondering why they weren't clamoring for congressional hearings any longer. Seems they are at fault this time.
That's an interesting link. But it doesn't explain the difference in Salt Lake City and other places -- it shows Utah with a 24.5 cpg for both gas and diesel, which puts it on the higher side of the list, yet it is considerably cheaper at the pump than anywhere else listed.
Houston is in Texas, which your link has is only a 20 cpg for both gas and diesel, yet it is 42 cents per gallon more expensive at the pump according to CNN. Atlanta, being in Georgia, is even lower at just 7.5 cpg on your link (though with a 4% sales tax which I don't know if it is included in the pump price from CNN), but it is $0.29 more expensive than Salt Lake City at the pump.
Perhaps CNN is wrong about the Salt Lake City pump price. I don't see how gasoline could be selling for so much less there than in other states.
I fully expect $4.00 by July.
Unless you're capable of doing the Barney Rubble, you're going to need gas to power up your vehicle.
Don't think I'll be doin' either of those things, thanks.
Oh, don't I know!
I'm waiting for the article that screams "Gas prices plunged (x) cents per gallon this week".
Somehow, I don't think I'll see that.
Heh. AP: Oil investors lose billions on crude oil drop, Democrats demand investigation of Bush administration ;-)
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