Posted on 02/15/2012 3:59:27 AM PST by tobyhill
While the cost of a gallon of gasoline could possibly touch $5 for the first time this summer, at least two commodity pundits said Tuesday it’s more likely that prices will remain closer to $4 a gallon.
With oil prices on the rise and the U.S. summer driving season approaching, talk of higher prices at the pump has been buzzing commodity trading pits, said Phil Flynn of PFG Best.
Traditionally, gasoline prices hit their loftiest levels around Memorial Day and the Fourth of July holiday weekends — a time of peak travel demand.
Flynn conceded he’s heard talk of $5 a gallon gasoline this year but said he’s not sure if retail prices will reach that level.
(Excerpt) Read more at marketwatch.com ...
If gasoline hits $4/gal., Obama is toast. Must be a sickening feeling to know that your future depends on the guys you’ve been kicking in the teeth for four years.
The beatings will stop when morale improves.
When Bush left office the gas cost was around $1.75 per gallon. During Bush’s term the gas went to around $2.50 and the media were all over him 24/7 about the increase.
This is a set up. When gas prices rise to only $4/gallon Obama will be praised as a hero for preventing $5/gallon gas. He’ll also save a few million jobs by doing so.
I would predict that gas indeed will go higher, but the lower class entitlements will be exempted and will get their free “gas cards” from the Federal government.
Another Obama stimulus plan probably in the works.
But I am willing to pay it if it means Obama is gone in November
5 dollar gas will be blamed on the speculators and wallstreet, there I fixed it. Black is the new tephlon
Maybe I'm too sane (!?!), but I can't see how an overt political and social madman politician continues uninterrupted.
There's GOT to be more than a complicit media. I'm an old man and I could whip the ass of at least 40% of what I see.
So my tinfoil beanie indicates there is already an army in place ... not necesarrily an armed one, but a group of embedded thugs ready to deny driver's licenses, insurance, hospitalization, police protection, turn off the water, stop picking up trash ...
OK .. I'll take my meds now and go back to sleep.
Thanks tobyhill.
National unleaded gas prices have only risen above $3.50 a gallon three times in history, and this year's rise is the earliest ever, analysts say, foreshadowing an expensive year for motorists.
Gas prices traditionally rise in the summer months, but this year's early rise to $3.50 is leading many analysts to speculate that this summer will be an expensive one at the pump. Phil Flynn of PFG Best spoke to MarketWatch and downplayed talk he's heard of prices hitting $5 a gallon, but did concede that he's heard such talk. Tom Kloza, director of editorial content for the Oil Price Information Service, agreed, saying that prices would probably stay in the $3.75 to $4.25 range, near the 2008 record of $4.11.
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Caution, the sky is not falling because of one man's rumor.
They won't want us drilling our own.
NOTE that on 12/14/08 it was 1.61 a gallon...
Premium 3.99.9 in Mississippi yesterday.
LLS
The Today Show on NBC had a story on rising gas prices but, guess what, no mention of Obama. If Bush was president he’d have been mentioned several times in the story.
“During Bush’s term the gas went to around $2.50 and the media were all over him 24/7 about the increase.”
It went to 4 bucks a gallon during Bush also. He was no great shakes, unless you compare him to the rodent king we have now, and who as you said, the media protects at every turn.
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