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Gingersnap
01-03-2011, 11:46 AM
Experts: Gas could climb to $3.75 per gallon

http://i55.tinypic.com/1g3uw7.jpg

A customer pumps gas at a Chevron gas station with a gas price of $3.55 a gallon in San Francisco on Nov. 23. Drivers in the USA could be paying as much as $3.75 a gallon for gas this spring, oil experts predict.

By Donna Leinwand, USA TODAY
Drivers in the USA could be paying as much as $3.75 a gallon for gas this spring, oil experts predict.

Prices at the gas pump have inched up all year as the cost of crude oil neared $100 a barrel. On Christmas Day, the average nationwide price of self-serve regular hit $3, a record for that day. By year's end, the average price reached $3.06.

Prices creeping toward $4 a gallon could have dire consequences for some industries and slow the economic recovery, analysts say.

DRIVE ON: Former Shell CEO: $5-a-gallon gas possible by 2012
STORY: Oil up 34% since May

The record price is $4.11 a gallon on July 17, 2008.

"We learned in 2008 that $4-a-gallon gas is a deal-breaker for the economy," says Joel Naroff, president of Naroff Economic Advisors. "If it happens, it's not sustainable. There's only so much the consumer will bear."

He says drivers who need gas to get to work will buy it, but they'll cut spending elsewhere, sucking money out of the recovering economy.

Consumers react when the price reaches $3.50, says Tom Kloza, chief oil analyst for the Oil Price Information Service. People living paycheck to paycheck will cut back on other spending to compensate for higher gas prices, he says, and gas at $4 a gallon "throws us into a consumer slowdown."

"Oil prices ripple through every part of the economy," Kloza says. "I think it'll be the second highest year for oil prices on record."

He predicts the price of a gallon of gas will range from $3.25 to $3.75 in the spring and crude oil will exceed $100 a barrel for a short time. He attributes much of the increase to speculation in oil futures.

"I believe we're looking at the second-highest spring we've had to endure for fuel prices," Kloza says.

But he expects prices to fall as they did in 2008, when prices rose as high as $147 a barrel for crude and $4.11 for a gallon of gas before they fell at year's end to $33 a barrel for crude oil and $1.65 a gallon for gas.

USA Today (http://www.usatoday.com/money/industries/energy/2011-01-02-gas-climbs_N.htm)

Lager
01-03-2011, 05:07 PM
It will be interesting to see how the rabid libs react. When prices last rose so high, it was because the nefarious Bush and Cheney were in office and rewarding their slick and slimey oil buddies. :D

Yukon
01-15-2011, 09:50 AM
It will be interesting to see how the rabid libs react. When prices last rose so high, it was because the nefarious Bush and Cheney were in office and rewarding their slick and slimey oil buddies. :D

3.75 is cheap, they should push it to 5.00 with taxation and use the money for national medicare system for EVERY American.

Apache
01-15-2011, 09:57 AM
3.75 is cheap, they should push it to 5.00 with taxation and use the money for national medicare system for EVERY American.

That's not how Washington ( or America) operates, thanks for playing though...:p

AmPat
01-15-2011, 12:27 PM
3.75 is cheap, they should push it to 5.00 with taxation and use the money for national medicare system for EVERY American.

Go back to Stalingrad Commie, we don't want a Nanny State, Americans aren't that pathetic.

AmPat
01-15-2011, 12:28 PM
It will be interesting to see how the rabid libs react. When prices last rose so high, it was because the nefarious Bush and Cheney were in office and rewarding their slick and slimey oil buddies. :D

This is obviously not a problem, the state run media has decided so by their complete lack of coverage or interest. Now back to serious matters like hate speech.

Rockntractor
01-15-2011, 12:36 PM
I predict that things will get so expensive we won't have enough money left over to pay experts and they will work for 3.75 per hour.

Novaheart
01-15-2011, 12:41 PM
3.75 is cheap, they should push it to 5.00 with taxation and use the money for national medicare system for EVERY American.

I expect the right wing to have its share of idiots- it fits with many of their positions. But a left wing idiot ought to be a contradiction in terms, but DU proved to me that isn't so.

Poor people use more gasoline than rich people do. So you want to double the transportation expense of the wage slaves, to finance Single Payer? What relationship is there between gasoline and health insurance except that if you make it so people can't get to work they won't be able to afford to pay premiums or taxes for health insurance?

Get a Brian Moran.

NJCardFan
01-15-2011, 12:49 PM
3.75 is cheap, they should push it to 5.00 with taxation and use the money for national medicare system for EVERY American.

Yeah because we all know how grand Canada's system is:rolleyes::
http://tpmcafe.talkingpointsmemo.com/talk/blogs/t/h/thecleverbulldog/2010/02/canadian-premier-goes-to-us-fo.php
http://findarticles.com/p/articles/mi_m1568/is_n5_v25/ai_14536885/

fettpett
01-15-2011, 12:54 PM
Holy Shit the State run media FINALLY did a story on this. the British have been going apeshit crazy over this for the last few weeks to the point were the Current Government is in jeopardy of falling. all the Obassiah wasn't to do is talk about "togetherness" and "having a different tone" instead of doing real things like...Opening up oil drilling.

AmPat
01-15-2011, 01:05 PM
Get a Brian Moran.:D It just never gets old.:D

lacarnut
01-15-2011, 01:51 PM
3.75 is cheap, they should push it to 5.00 with taxation and use the money for national medicare system for EVERY American.

Since Canada is a net exporter of gas, why don't you'll raise the gas price to fix the awful health care system in your country. People come to the US for the best hospitals and doctors, and they don't have to wait 6 months to get a hip replacement or other procedures. So, take your national medicare system and ram it up your ass.

Apache
01-15-2011, 02:13 PM
So, take your national medicare system and ram it up your ass.

Where would his brain go :confused:

Yukon
01-15-2011, 02:18 PM
APACHE,

Based on your nom de plum am I to assume you are an Indian ?

lacarnut
01-15-2011, 03:00 PM
APACHE,

Based on your nom de plum am I to assume you are an Indian ?

And I assume you are too stupid to respond to my post above.

Apache
01-15-2011, 03:18 PM
APACHE,

Based on your nom de plum am I to assume you are an Indian ?

You know what happens when you assume:eek:


To answer your question; No, like yours, it is a location ;)

Madisonian
01-15-2011, 05:32 PM
3.75 is cheap, they should push it to 5.00 with taxation and use the money for national medicare system for EVERY American.

Canada best hope that we keep our present health care system.
Otherwise where would they go for urgent medical attention that they can't get there?

swirling_vortex
01-17-2011, 06:28 PM
3.75 is cheap, they should push it to 5.00 with taxation and use the money for national medicare system for EVERY American.
More than likely it'll go to wind turbines built on land by eminent domain that don't work in the cold.

m00
01-17-2011, 08:03 PM
I predict that things will get so expensive we won't have enough money left over to pay experts and they will work for 3.75 per hour.

Nah, Democrats will just declare that having experts weighing in on every matter is a human right.

Adam Wood
01-17-2011, 08:16 PM
APACHE,

Based on your nom de plum am I to assume you are an Indian ?That's funny. I was assuming he was a helicopter.