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Author	Topic: National average just 24c/gal away from all time record	Post a Reply Back to Topics

PD Moderator	Message Posted: Mar 26, 2012 12:24:08 PM Ignore PD Report Abuse For those who haven't checked the calendar- today is March 26. We're over a month away from what I believe will represent the peak of gasoline prices for 2012, lest anything happen geopolitically speaking that isn't currently on the radar. The national average today stands at $3.87/gallon, just 24-cents away from the all time record high we hit in 2008, when prices hit $4.11 in mid-July. Yet this year, it's becoming more obvious that we have a good, or perhaps a high chance now of breaking that all time high. Led by Chicago, and other areas of the Midwest, as well as perennial members such as California, Alaska, and Hawaii, we could see the average price in other areas also hit that $4/gallon barrier. And while... Visit GasBuddy Blog for full article

Moderator

Message Posted: Mar 26, 2012 12:24:08 PM

Ignore PD Report Abuse

For those who haven't checked the calendar- today is March 26. We're over a month away from what I believe will represent the peak of gasoline prices for 2012, lest anything happen geopolitically speaking that isn't currently on the radar.

The national average today stands at $3.87/gallon, just 24-cents away from the all time record high we hit in 2008, when prices hit $4.11 in mid-July. Yet this year, it's becoming more obvious that we have a good, or perhaps a high chance now of breaking that all time high.

Led by Chicago, and other areas of the Midwest, as well as perennial members such as California, Alaska, and Hawaii, we could see the average price in other areas also hit that $4/gallon barrier.

And while...

Visit GasBuddy Blog for full article

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nannieb43 Rookie Author Georgia Posts:24 Points:106,885 Joined:Feb 2012	Message Posted: Apr 19, 2012 9:33:17 PM Ignore nannieb43 Report Abuse I'll be watching
lightbulbman2008 Champion Author Worcester Posts:420,800 Points:1,615,335 Joined:Oct 2008	Message Posted: Apr 18, 2012 5:33:11 PM Ignore lightbulbman2008 Report Abuse before memorial day...it will go over
wolfrider1957 Rookie Author Seattle Posts:5 Points:825 Joined:Apr 2012	Message Posted: Apr 3, 2012 2:56:07 AM Ignore wolfrider1957 Report Abuse how much more gas do we need in reserve? the oil strike in N. Dakota is one of the largest in about 40 years. Why is the gas price still going up? How high is high enough? When will we get some relief from the exorbitant gas we have now?
Gnusman53 Champion Author San Diego Posts:7,193 Points:1,140,020 Joined:Feb 2004	Message Posted: Mar 30, 2012 9:45:20 PM Ignore Gnusman53 Report Abuse One rural station along the California coast was over $6 under Bush....
Bachias Rookie Author Washington Posts:13 Points:8,335 Joined:Mar 2011	Message Posted: Mar 29, 2012 10:51:54 AM Ignore Bachias Report Abuse We are almost there, here in Western washington right now.
Gnusman53 Champion Author San Diego Posts:7,193 Points:1,140,020 Joined:Feb 2004	Message Posted: Mar 28, 2012 3:44:00 PM Ignore Gnusman53 Report Abuse At some rural stations in California it is much higher....but still less than the mark set during the Bush administration...
GOBUTLER Champion Author Indianapolis Posts:1,425 Points:407,785 Joined:Dec 2011	Message Posted: Mar 28, 2012 1:39:55 PM Ignore GOBUTLER Report Abuse Interesting....
sparky808 Champion Author Honolulu Posts:3,144 Points:625,660 Joined:Sep 2011	Message Posted: Mar 28, 2012 1:30:29 PM Ignore sparky808 Report Abuse THank you for posting.
tomok Champion Author Portland Posts:33,605 Points:2,374,185 Joined:Aug 2006	Message Posted: Mar 28, 2012 3:07:11 AM Ignore tomok Report Abuse National average just 24c/gallon away from all time record and what a disgusting situation it is. A do nothing federal government at work by Barry! Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible. The price of fuel at the pump is too high! 12/22/2012!
gknee09 Champion Author Philadelphia Posts:1,001 Points:845,485 Joined:Jul 2009	Message Posted: Mar 27, 2012 9:55:42 PM Ignore gknee09 Report Abuse finger pointers and speculator? who do you dislike more?
tes283 All-Star Author Tampa Posts:865 Points:368,850 Joined:Dec 2011	Message Posted: Mar 27, 2012 8:38:28 PM Ignore tes283 Report Abuse My question is can we stay under 4.25?
Gnusman53 Champion Author San Diego Posts:7,193 Points:1,140,020 Joined:Feb 2004	Message Posted: Mar 27, 2012 6:27:11 PM Ignore Gnusman53 Report Abuse oldiesman..... that is the perfect and succinct description of the entire GOP.
Gnusman53 Champion Author San Diego Posts:7,193 Points:1,140,020 Joined:Feb 2004	Message Posted: Mar 27, 2012 6:24:26 PM Ignore Gnusman53 Report Abuse Blackice????? you have it backwards......again... please deal in facts.... who has been fighting to control speculators..... NOT the GOP..... In fact, they want more speculations... (AKA higher prices).... The GOP has been blocking any action by the CFTC to cut speculation in the oil market..... and to be sure the CFTC can't do anything, your GOP pals have been trying to defubd (eliminate) the CFTC completely.... So put the blame of higher prices where it belongs -- on the GOP..... anything else is just being delusional....
GatorGuy Champion Author Columbia Posts:2,284 Points:1,226,490 Joined:Jan 2009	Message Posted: Mar 27, 2012 6:11:31 PM Ignore GatorGuy Report Abuse Unbelievable. How high does it have to get until someone intervenes?
Grismer Champion Author Kitchener-Waterloo Posts:8,674 Points:1,751,745 Joined:Apr 2008	Message Posted: Mar 27, 2012 3:36:28 PM Ignore Grismer Report Abuse As in 2008, breaking these types of pump price records may also break the economy.
bigoilscamsus Champion Author Lansing Posts:1,058 Points:48,265 Joined:Nov 2011	Message Posted: Mar 27, 2012 3:33:51 PM Ignore bigoilscamsus Report Abuse The big PRICE FIX is on again in the Great Lakes States!! The CEO of ExxonMobil raised the price to $4.15.9 throughout the region this morning!! Everyone knows that the price was fixed but the states attorney general who refuses to investigate the obvious RACKETEERING by BIG OIL at the expense of the American consumer!!---------The only change in the cost of crude in the last two weeks is that the cost has gone down from $109.57 to $107,83. That should signal a 4 or 5 cent drop at the pump, but the thieving oil companies want more and more profits!!! That greed has stifled our countries economic growth and will strengthen the Recession our country is in!!!-------- USA Attorney General Eric Holder must intervene and start an investigation of Price Fixing by the Big Oil Cartel in America!! Our Congress needs to hear the cry of the people and come to the aide of the working class, if our country is to survive this economic tyrany, Big Oil!!
furiousfowl Champion Author Riverside Posts:16,980 Points:2,771,710 Joined:May 2005	Message Posted: Mar 27, 2012 3:33:04 PM Ignore furiousfowl Report Abuse thats high
Tomeboy Champion Author Twin Cities Posts:3,910 Points:587,790 Joined:Apr 2009	Message Posted: Mar 27, 2012 3:16:35 PM Ignore Tomeboy Report Abuse Oil companies have two benefits going for them... Oil Subsidies and Speculators. I'm sure they couldn't be happier. I don't hear the oil companies complaining... but there sure is a lot of us consumers that are! [Edited by: Tomeboy at 3/27/2012 3:17:30 PM EST]
indrix All-Star Author Toronto Posts:597 Points:162,815 Joined:Sep 2011	Message Posted: Mar 27, 2012 3:12:23 PM Ignore indrix Report Abuse gloomy
Tomeboy Champion Author Twin Cities Posts:3,910 Points:587,790 Joined:Apr 2009	Message Posted: Mar 27, 2012 3:04:04 PM Ignore Tomeboy Report Abuse "Oil speculators gamble on Wall Street and we pay the price at the pump. The price is not governed by supply and demand. The supply is not our problem. Fuel was America's largest export in 2011. Our oil output is higher now than it has been in decades. But speculators who bet that oil will be a higher price in a month from now, based on turmoil in the Middle East, rising global demand, or refinery capacity, end up causing an artificial supply problem even when one doesn't exist. This is because those who own the commodity, hold on to it waiting for the price to raise. It's a self fulfilling prophecy that makes both the speculator and the oil company rich. Oil is one of our most valued commodities. It affects the price of nearly everything we purchase from fresh produce, to shipping, to airplane tickets, to taxi rides. In some cases those who gamble with speculation, also own the commodity. Talk about a conflict of interest!
hwnguy Champion Author Honolulu Posts:3,846 Points:1,406,785 Joined:Apr 2008	Message Posted: Mar 27, 2012 2:57:43 PM Ignore hwnguy Report Abuse We'll definitely get to $4.50 here very soon
mycar2 Champion Author Akron Posts:2,204 Points:2,382,270 Joined:Apr 2004	Message Posted: Mar 27, 2012 2:55:44 PM Ignore mycar2 Report Abuse i think the big oil will go for the record.....you?
bonbon5 Champion Author Toledo Posts:1,975 Points:550,150 Joined:Feb 2011	Message Posted: Mar 27, 2012 2:51:40 PM Ignore bonbon5 Report Abuse dislike :(
dollarwatcher Champion Author Wisconsin Posts:8,085 Points:1,562,920 Joined:Mar 2007	Message Posted: Mar 27, 2012 2:49:38 PM Ignore dollarwatcher Report Abuse Wisc is just over 4.
marlita Champion Author Dayton Posts:3,320 Points:787,240 Joined:Mar 2010	Message Posted: Mar 27, 2012 2:48:00 PM Ignore marlita Report Abuse Great our government at work.
SOLONGCOLD Champion Author Ann Arbor Posts:1,156 Points:284,385 Joined:Nov 2010	Message Posted: Mar 27, 2012 2:45:57 PM Ignore SOLONGCOLD Report Abuse we just hit the 4.00 average in the s.e. mich. area and going up. just got back from grocery store - prices are going up there too... will be worth every penny to see this tyranny end in November.
LanguageMan1 Champion Author Tampa Posts:11,866 Points:1,689,490 Joined:Apr 2008	Message Posted: Mar 27, 2012 2:44:49 PM Ignore LanguageMan1 Report Abuse Don't worry, if we don't go past the old high this year, we will in the next year or two, but I believe it'll be in months.
joeborge Champion Author Ventura Posts:2,616 Points:921,555 Joined:Jul 2004	Message Posted: Mar 27, 2012 2:44:48 PM Ignore joeborge Report Abuse It is already as the highest
oldiesman Champion Author New York Posts:6,566 Points:2,221,590 Joined:May 2006	Message Posted: Mar 27, 2012 2:43:13 PM Ignore oldiesman Report Abuse He is a destroyer and a LIAR.
Louscanon Champion Author Baltimore Posts:13,985 Points:2,793,290 Joined:May 2004	Message Posted: Mar 27, 2012 2:40:05 PM Ignore Louscanon Report Abuse When Obama took office gas was $1.83 per gallon.
myambro Champion Author Sacramento Posts:3,262 Points:1,076,085 Joined:Mar 2005	Message Posted: Mar 27, 2012 2:40:02 PM Ignore myambro Report Abuse Hey "Tomeboy," it was the politicians that allowed this to start (so that they could get more contributions to themselves and their PAC's) and it is the politicians that are blowing smoke in the mirrors so that you think it is the oil companies fault. The biggest greed is with the politicians.
VETACA Sophomore Author San Jose Posts:185 Points:58,960 Joined:Jun 2011	Message Posted: Mar 27, 2012 2:38:48 PM Ignore VETACA Report Abuse We need to use our own oil.
makalani Champion Author Hawaii Posts:9,235 Points:2,098,925 Joined:Oct 2005	Message Posted: Mar 27, 2012 2:36:08 PM Ignore makalani Report Abuse Hey, big deal... We're closing in on 5$/gal in Hawaii. Some islands are already over it.
jetlagAK Champion Author Anchorage Posts:2,256 Points:644,575 Joined:Jan 2010	Message Posted: Mar 27, 2012 2:33:44 PM Ignore jetlagAK Report Abuse We are in the $4.30+ range. Anyone else 2012! [Edited by: jetlagAK at 3/27/2012 2:34:03 PM EST]
SpankyMI Champion Author Kalamazoo Posts:2,836 Points:785,590 Joined:Jan 2011	Message Posted: Mar 27, 2012 2:31:10 PM Ignore SpankyMI Report Abuse In Battle Creek, Michigan the price just went up 23 cents a gallon (at 1:30 p.m. EST). (Current price $4.159) [Edited by: SpankyMI at 3/27/2012 2:32:12 PM EST]
dsaine Champion Author North Carolina Posts:3,155 Points:660,195 Joined:May 2011	Message Posted: Mar 27, 2012 2:29:46 PM Ignore dsaine Report Abuse Remember to vote in November.
big_mac64 Champion Author Tennessee Posts:10,600 Points:1,490,130 Joined:May 2005	Message Posted: Mar 27, 2012 2:28:48 PM Ignore big_mac64 Report Abuse and???
pickledude72 Champion Author California Posts:1,121 Points:841,240 Joined:Jul 2008	Message Posted: Mar 27, 2012 2:27:15 PM Ignore pickledude72 Report Abuse Greed vs Need
jjw0608 Champion Author Milwaukee Posts:7,014 Points:1,728,730 Joined:Nov 2005	Message Posted: Mar 27, 2012 2:24:41 PM Ignore jjw0608 Report Abuse Not suprising at all!
Blackice Champion Author Twin Cities Posts:4,458 Points:1,222,845 Joined:Oct 2003	Message Posted: Mar 27, 2012 2:24:20 PM Ignore Blackice Report Abuse Gnusman53...Get it right! Obama, Democrats and the GOP are destroying this country.
Tripacer Sophomore Author Michigan Posts:215 Points:92,000 Joined:Apr 2011	Message Posted: Mar 27, 2012 2:23:17 PM Ignore Tripacer Report Abuse It just went up here in Michigan 21 cents a gallon, it is now $4.15 here in Richmond MI
Gnusman53 Champion Author San Diego Posts:7,193 Points:1,140,020 Joined:Feb 2004	Message Posted: Mar 27, 2012 2:23:14 PM Ignore Gnusman53 Report Abuse ahhh stevie ... the GOP-bot..
boldrph Champion Author Topeka Posts:18,535 Points:3,479,340 Joined:Oct 2002	Message Posted: Mar 27, 2012 2:22:03 PM Ignore boldrph Report Abuse if the gas weren't worth the price we wouldn't buy it
MDTDriver Champion Author California Posts:9,853 Points:2,181,875 Joined:Jul 2006	Message Posted: Mar 27, 2012 2:20:01 PM Ignore MDTDriver Report Abuse We have more oil in the USA than we need? And we export most of it so we have the highest pump price! Do we have a problem?
freedomsailor Champion Author Naples Posts:2,269 Points:438,370 Joined:Oct 2011	Message Posted: Mar 27, 2012 2:18:26 PM Ignore freedomsailor Report Abuse Ah, stevekr. Kinda got your needle stuck, huh?
Bigtex09 Champion Author Dallas Posts:4,427 Points:1,186,865 Joined:Oct 2009	Message Posted: Mar 27, 2012 2:17:53 PM Ignore Bigtex09 Report Abuse November 2012!
stevekr Champion Author Sacramento Posts:2,381 Points:696,240 Joined:Jul 2008	Message Posted: Mar 27, 2012 2:09:04 PM Ignore stevekr Report Abuse Impeach Obama. Fire/Censure/Vote Out Reid and Pelosi.
Tomeboy Champion Author Twin Cities Posts:3,910 Points:587,790 Joined:Apr 2009	Message Posted: Mar 27, 2012 2:08:53 PM Ignore Tomeboy Report Abuse “Speculation is now part of the DNA of oil prices. You cannot separate the two anymore. There is no demarcation,” said Fadel Gheit, a 30-year veteran of energy markets and an analyst at Oppenheimer & Co. “These people are not there to be heroes. They are there to make money. It’s our fault because we are allowing them to do that,” said Gheit. “Obviously these people are very strong, and the financial lobby is the strongest of any single lobby. I’ve been in this business 30 years, and I can tell you I think this is smoke and mirrors.” Smoke and mirrors, people, that’s all this is, and its driven by a sector of America – Wall Street – that doesn’t give a rat’s a$$ about the American people, the economy or how difficult it is financially when gas prices rise to these levels. The oil industry will do whatever it takes to protect their own monetary pipeline.
greenfog Champion Author Illinois Posts:6,630 Points:1,666,720 Joined:Feb 2008	Message Posted: Mar 27, 2012 2:06:26 PM Ignore greenfog Report Abuse it 4.09 a couple of weeks ago in this area, but it is gradually dropping now.
Heltonw Champion Author Montana Posts:3,451 Points:1,687,065 Joined:Dec 2007	Message Posted: Mar 27, 2012 2:05:51 PM Ignore Heltonw Report Abuse There is no reason for the price to be that high. We have plenty of oil in the US. Let us use it.