U.S. sees record gas price soon

[Renew Deal]

WASHINGTON (Reuters) - U.S. gasoline prices will hit a new record high this spring, reaching a national monthly average of $2.15 a gallon, the Energy Information Administration said Tuesday.

During the busy 2005 driving season, which runs from April through September, gasoline will average $2.10 a gallon, up 20 cents from the same period last year, the EIA said in its monthly energy forecast.

The current average pump price for regular unleaded gasoline jumped 7.1 cents over the last week to $2 a gallon, up 26 cents from a year ago, according to an EIA survey of service stations.
<snip>

http://money.cnn.com/2005/03/08/news/economy/gas_prices.reut/index.htm?cnn=yes

[lebkuchen]

1. To all you SUV drivers who voted for this piece of rectal waste

suck it up

[Roland99]

2. I literally laugh at every H2 or Ford Exhibition driver I see filling up

[lebkuchen]

3. How much to fill 'er up?

$60?

[Toots]

17. They got such tax cuts from Bush* that the extra fuel costs won't matter

A lot received back in tax cuts over fifty thousand dollars. That will buy a lot of gas in a year.... It is the lessor of us that only got three hundred dollars or less that will be extremely hurt by this form of rape going on.

[Skittles]

22. nothing funny about it

it is sickening

[Roland99]

24. It's funny to watch the lemmings suffer in the pocketbook

then they turn around and vote for an oil man for Pres. and VP and wonder why gas costs so much.

[okieinpain]

8. man I wish somebody would replay all of the bs chimp talked

about gas prices in 2000, and how clinton was a failure for letting it get to 1.50.

but asking the media to do some reporting is like wishing on a falling star.

[GiovanniC]

4. This Makes Me Sick

My fiance lives in Kentucky; I live in Michigan. We try to see each other every other week until more permanent arrangements can be made. That means, for the time being, driving. Neither of us are rich people, and the more money gas costs, the more difficult it will be for us to see each other.

PS: We both drive fairly high MPG vehicles (not SUVs), but this still makes our lives much more difficult.

[tridim]

5. I love how they never mention that gas was 1/2 the current price

exactly 4 years ago. Before Bush and Cheney, the "oil men" took office. I think $2.00+ is the magic number that will wake up the idiots who voted for idiotboy. Unfortunately it's too late.

[maxsolomon]

6. $3 is the magic number

gas its been $2 on the west coast for 2 years now.

welcome to reality, america. you always say that freedom isn't free. the price of freedom is now $2.7395/gallon of diesel.

[tridim]

9. Well the west coast isn't Jesusland

$2.00+ in middle America will be seen as a big deal.

[hippywife]

15. $1.99 in Tulsa this morning

and we usually have the lowest gas prices in the country.

[atreides1]

7. "I think $2.00+ is the magic number"

There is no magic number when it comes to fanatics and zealots, gas could go up above $3.00, and his supporterts would still praise him.

Gas here in Arizona is at $2.00+, in most places, and yet I don't hear any rumbling.

They would just blame it all on the Arabs, envorinmentalists, and anything else that they can point the finger of blame at, as long as it's not their messenger from God.

Forget about those who have already sold their souls, there is no hope for them, and we need to quit thinking that somehow they'll come to their senses. The best we can do, is to be as kind to them as we would to an animal that was suffering.

[NeoConsSuck]

16. You hit the nail on the head..

but you missed one. Listen to the words of my ultra right-wing co-worker:

All you goddamn democrats want to prevent drilling in Alaska, but you sure like driving your SUVs. Well, you can't have both!

When I pointed out that he was the one driving the SUV and I was the one driving the Del Sol, he brought up the fact that Teresa Kerry owned four SUVs.

[dean_dem]

10. They interviewed some yokels about this on the local news...

last night at a gas station. They were all sitting in front of their Expeditions complaining about how "this is an outrage!" Oh yeah, I forgot it's your God-given right to drive a Gas-guzzling behemoth. God bless 'merica.

ETA: The report ended noting that Virginia has the third lowest gas prices in the nation. Yeah, but that doesn't mean they don't still bitch about it constantly.

[Bluzmann57]

11. This really bad not only for consumers

but for those of us in the transportation business. I work with and around trucks and heavy equipment and this stuff takes diesel and gasoline to run. I don't want to lose my job because some greedy oil bastards need more money. People who live and work in urban areas should start walking and/or taking public transportation I guess. The rest of us just have to muddle through as best we can and keep up the pressure to boot the bums.

[MARALE]

25. Think of the small farmers

I wonder how many will have to switch to livestock or go out of business all together because of the high prices. It is the little people that this hurts the most.

[madmom]

12. $2.10 for the last 2 weeks in nw ohio n/t

[apple_ridge]

13. Let's hope that it hits $3/gallon, because this country

needs a MAJOR wake up call.

[Gregorian]

14. Good news

The real price of gasoline includes little details like wars. We keep the price of gas artificially low by...

The real problem is that we have been living beyond our means. That's why we are in Iraq. Doesn't anyone get it?! Whine about prices while Iraqi's die. Utter hypocracy. Our standard of living is on the decline. Get used to it.

[The_Casual_Observer]

18. J Q Public asks: Why is gas so expensive if we "own" the supply

in Iraq? Isn't that why the we have the troops over there?

[brentspeak]

19. Well, you see, 911 changed a lot of things...

(or some such nonsense.)

[Melynn]

20. Watch Bush's poll numbers drop

Bush's Freeper Creeper base doesn't care about illegal wars but they care about the price of a gallon of gas. Also the Freepies thought that when the U.S. invaded Iraq that cheap gas was on its way to the pump. Well, surprise, the price of gas has gone up since the war. The Sheep may start to wake up on when gas reaches $2.50 per gallon.

[rukkyg]

21. Price of Gas

And these people don't realize that the price of gas has implicit costs like the $200b in Iraq, Afghanistan, and other efforts to keep "peace" in the middle east. $2/gallon is nothing compared to this, especially when we borrow the money for our gas from Japan and China.

[gulfcoastliberal]

23. Gas prices here in Jezusland now at $2.02 for regular

Been under $2 for about the last 6-7 months.

[RedEarth]

26. Gas Prices Likely to Hit $2.15 by Spring

WASHINGTON - Gasoline prices probably will jump an additional 15 cents this spring and remain well above $2 a gallon through the heavy driving season, forecasters say.


There's also little relief in sight for crude oil prices, which are pushing gasoline costs higher. Crude prices probably will remain "near the high to mid-$40" a barrel range well into 2006, the Energy Department's Energy Information Administration said Tuesday.

........

While the EIA expects prices to ease off from the currently high levels, it noted that oil prices are highly sensitive to market pressures and "imbalances, real or perceived, ... could cause light crude oil prices to increase well above $50 per barrel as has recently occurred."


Some analysts have suggested crude could surpass $60 a barrel in the coming weeks and stay high for some time because of growing global demand and the limited ability of producers to easily expand production.

http://story.news.yahoo.com/news?tmpl=story&cid=509&ncid=749&e=4&u=/ap/20050309/ap_on_bi_ge/gasoline_prices

[liberal N proud]

27. isn't that amazing that prices always seem to rise just in time

for the family to consider taking a road trip to see grandma half a continent away.

[Straight Shooter]

31. Funny, that, eh?

Must be a peculiar result of the temperature affecting the reasoning of those pulling the strings.

Except this year Iraq factors into the equation. Iraq, "the cakewalk war that will pay for itself."

[Mari333]

28. Things are going to get uglier and uglier

cant file bankruptcy, foreclosures at all time high, no social net for the poor, one paycheck away from homelessness, baby boomers wanting to retire, jobs outsourced, and now higher gas prices on a nation addicted to only oil as a main resource.
Things are going to get very very ugly, and they already are.

[durablend]

37. Somebody needs to keep track of the suicide rates

Cuz I think they're gonna start rising sooner than later.

[slackmaster]

39. The Centers for Disease Control and Prevention track suicide rates

And all kinds of other information about injuries and deaths.

Roll your own query at http://www.cdc.gov/ncipc/wisqars/

[brook]

29. 2.15 sounds good.

It's 2.29, 2.39 & 2.49 here (Central Ca.) - or was three days ago. It's been going up alomost daily.

[jmcgowanjm]

30. The price will keep going up until story is TopFront NYT

w/ a pic.

In commodity trading, it means that everyone
knows. Sell the news.

Except in this case the news is that
the underlying commodity powering the human race
cannot keep up w/ demand.

No more increase in energy, no more increase
in growth. Debt will be cannibalized, capital
will be destroyed.

Watch for 10:30E Inventory Report
And the $55 per bbl price being overcome
if the Report doesn't recognize sizeable growth
in inventory.

[benburch]

32. This does not factor in inflation.

The high energy prices are going to spark hyper-inflation.

Greenspan will respond by raising interest rates.

And then the results will make The Great Depression look like a garden party.

[AgadorSparticus]

41. my mom and I were both commenting how everything has gone up a dollar here

and a dollar there. inflation is here to stay and i'm worried about the new depression coming our way too. :scared:

[demokatgurrl]

34. Already $2.13 for premium in my town but so what?

We in the U.S. don't pay enough for it anyway. I say double the taxes, and use the funds to develop alternatives. Provide subsidies for the working poor who need to drive to work but provide bigger incentives to use public transportation.

People would drive SMALL CARS again. Behemoths would start to vanish. Hummers would become extinct.

[BiggJawn]

43. S'yeah, right.

Heard it all before. yeah, it's *MY* fault that I'll be ponying up 3 hour's pay by summer's end to get back and forth to work, never mind how much my groceries are going up, never mind how much every thing ELSE that has to be shipped will go up (except for my salary) and sure, I could ALWAYS ride the non-existent Public Transport.

"People would drive SMALL CARS again. Behemoths would start to vanish. Hummers would become extinct."

Yeah, and Jay Leno and AHH-Nuld are going to be in the Vanguard of all these over-paid celebrities ditching their fuel hogs, right?

"double the taxes, and use the funds to develop alternatives."

Who you kidding, besides yourself? Any revenue they'd get from doubling taxes would go to pay for the State's fuel-price-induced shortfalls, unless someone glommed onto it to fund a fight against gay hand-holding or some other bullshit pork barrel.

"Subsidies for the Working Poor"...Hah!

[Tracer]

33. I've read that the main reason for high gas prices is ...

... the falling dollar.

The Saudi's have to hike the price to maintain the same level of income.

[u4ic]

35. It's been $3+ a gallon

for quite a while in Alberta (and we're sitting on the stuff). It's higher in other areas of Canada.

I now see the meaning of Americans being addicted to cheap gas. $2.12 a gallon is 56 cents a litre. I don't even remember when it was that cheap here. :crazy:

[Mother Jones]

36. GOOD!

It's about bloody time!

Now maybe people will wake up and realize it's a finite commodity - not an endless supply of SUV juice!


This may be the only thing that propels people into a more environmentally friendly option.

[slackmaster]

38. I second that!

The price will have to go up as supplies become more scarce and harder to recover, while demand continues to increase. The price pressure will force people to consume less and to find alternative energy sources.

This is just basic economics at work. It's natural and normal. I call it progress.

[Bridget Burke]

40. In a way it's good....

But the people to be hurt first & most are not the ones who make the decisions.

[primavera]

44. Well, it won't do General Motors any good

And given that they had the chance to invest in hybrids and decided to go along with gas guzzlers, their stocks deserve to fall. Maybe this is the wake-up call these morons need to start seriously exploring the technology out that there allows for 4-5 times greater fuel efficiency than what these lazy bums have been using.

[AgadorSparticus]

42. this is going to really to hurt a lot of businesses tied to tourism.

it'll be a slim summer at best...unless the price of gas miraculously goes down right before the summer. and what are the chances of that happening? i'm not holding my breath...