I’ll glady park my car and leave it there until prices go down.
It may be there a while...............
Posted on 03/23/2011 1:01:01 PM PDT by Free ThinkerNY
If gasoline prices approaching $4 a gallon are draining your wallet, brace yourself. Oil industry experts say gas prices could hit $5 a gallon — possibly before summer.
Blame the war in Libya and continuing unrest in other parts of the Middle East and North Africa, experts say.
The region produces 27 percent of the world’s oil.
Libya, which sits on the largest oil reserves in Africa, has almost totally stopped petroleum shipments as rebels battle troops loyal to Col. Moammar Gadhafi. The addition of international forces, including the U.S., could mean that the country will be embroiled in a protracted conflict that could keep oil fields offline much longer than previously expected, energy experts said.
In Yemen, embattled President Ali Abdullah Saleh pledged to step down more than a year early, but his refusal to leave immediately infuriated tens of thousands of demonstrators. Yemen is an important transfer point for global oil supplies.
“It’s creating a situation where we could see the price of oil go up to $150 a barrel and gasoline toward $5 a barrel,” said Phil Flynn, an oil industry analyst with Chicago-based PFGBest.
Prices are likely to be steeper in the city than other regions, Flynn said.
“In Chicago, the odds are higher because the summertime blends of gasoline are more expensive,’’ he said. “Our taxes are higher. So it is more likely that it’s going to happen here before it happens in other parts of the country.”
“Expect $5 a gallon gas by Memorial Day,” said Bob van der Valk, fuel price analyst with 4Refuel Inc., a Canadian fuel management firm.
(Excerpt) Read more at suntimes.com ...
Coulda started drilling ANWR 10 years ago, assholes.
I have literally seen this exact headline every month leading up to summer over the last few years. I live in NYC. If it happens, this will be one of the first places to get hit. I’ll glady park my car and leave it there until prices go down.
The Manchurian planned it this way, 10 years ago.
I love my beast and will keep him fed. If these idiots started drilling years ago, we wouldn’t have this problem.
There is some I can cut back on to keep my beast fed. After all, he kept me safe and “non-slipping and sliding” through out our ice and snow storms.
I kissed him every time he got me to and fro safely. You CANNOT put a price on life!
They, of course, are protecting you from your own e-e-e-v-i-l ways.
Sorry, just came in from shoveling yet another 6" of global warming off the driveway.
Predicting higher gas prices is a growth industry. Look how many hacks are getting paid for the same prediction.
I’ll glady park my car and leave it there until prices go down.
It may be there a while...............
To hell with blaming unrest and war, blame the SOB in the mirror and the parents of said SOB. Democrats have thumbed their noses at reality for the past thirty years and not allowed expanded drilling and refining.
Elections have consequences, and the people in this country have handed democrat fascists the majority of control for at least fifty years. The five buck gasoline is just another of the bills coming due for having let fascist trash run things for a couple of generations. The entire democrat vote buying machine has run on BS and debt and that sort of machine eventually grinds to a halt taking everything down the tubes with it. Well, we’ve arrived at eventually.
Add in the increased demand for oil in the expanding economies of China and India where a total of of two and a half billion people live and oil prices will increase and increase no matter how much oil production is expanded.
BTW-Half of all the operational drilling rigs in the world are drilling for oil in the United States of America.
Jumped 13 cents a gallon at the station down the road this afternoon. $3.50 now.
Yea, pay no attention to the man behind the WH curtain
who banned drilling for seven years.
I’ll take a vacation day every Friday for 15 weeks. I play golf before work and get in 1 1/2 hours before we open when I do.
GOP is where to be found?
The sob we have for prez is in violation of his oath for the umteenth time and and I have yet to see articles of impeachment.
All of dc needs to be removed and replaced, now. Cowards all.
And Americans are so ignorant that many do not realize that drilling in the US has increased and there in far more drilling in the US than any other country or region of the world.
"Just giving a shout out to my peeps back in Chi-Town!"
GOP is where to be found?
The sob we have for prez is in violation of his oath for the umteenth time and and I have yet to see articles of impeachment.
All of dc needs to be removed and replaced, now. Cowards all.
And Americans are so ignorant that many do not realize that drilling in the US has increased and there in far more drilling in the US than any other country or region of the world.
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