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Showing Original Post only (View all)Gas Prices Could Hit $2.50 a Gallon by November, Analyst Predicts [View all]
Source: South Florida Business Journal
Gas prices have been dropping steadily in Florida since April, and according to at least one analyst, that may just be the tip of the iceberg.
Energy analyst Philip Verleger told Bloomberg TV that U.S. drivers could see $2.50-a-gallon gas prices by November, the Boston Business Journal reports.
The cause is two-fold, he said: The price of oil has fallen sharply recently due to overproduction in Saudi Arabia, and falling demand due to Europes economic slowdown is also a factor.
Read more: http://www.bizjournals.com/southflorida/blog/morning-edition/2012/06/gas-prices-could-hit-250-a-gallon-by.html?ana=twt
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Gas Prices Could Hit $2.50 a Gallon by November, Analyst Predicts [View all]
WeekendWarrior
Jun 2012
OP
Remember how the repukes were harping daily about Obama doing nothing to bring down gas prices?
truthisfreedom
Jun 2012
#4
Averaging in the high $3 range with some stations still over $4 in the Bay Area.
bluesbassman
Jun 2012
#15
I predict a price spike around late Sept or early Oct just before the elections.
cstanleytech
Jun 2012
#27
They'll complain that the price is above expectation, and point to this article.
Festivito
Jun 2012
#34
Demand is down due to the ongoing recession, and stored supplies are rising.
GliderGuider
Jun 2012
#39