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Gas price spike longest on record »

Posted by: STONERS 2 years, 5 months ago

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And relief is no where in sight heading into the Memorial Day holiday that marks the start of the summer driving season. Prices continue to rise in most of the country, as the Midwest saw prices soar a nickel or more a gallon in one day in several states.

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STONERS

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Comments: 122

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STONERS
May 23, 2007, 12:03 p.m.
Even with the record gas prices, AAA is predicting a record number of Americans will be hitting the road during the holiday weekend, with 38.3 million expected to be traveling 100 miles or more, up 1.7 percent from a year ago. And most of those - 32.1 million - will be driving, according to the motorist group.
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texangelwings
May 23, 2007, 12:44 p.m.
Most people I have been talking to, are staying home this year. People can not afford to pay higher prices on everything in their daily lives. If high and higher prices continues for much longer, All businesses are going to start feeling the losses in their profits.
All the 'excuses' that the oil companies keep spuing, as to why the prices are so high, are getting old. With record profits for the oil companies & increased tax revenue for the States & Federal government, this leaves only the businesses & the consumers to lose!
Gas per gallon here in north Texas is $2.98 to $3.40.
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elll
May 23, 2007, 1:22 p.m.
Yeah, it's 3.24 in upstate NY. crazy!
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Mintyfunk
May 23, 2007, 1:26 p.m.
Oddly enough, I thought oil prices were down...
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TOtheMOON
May 23, 2007, 2:21 p.m.
Here I had changed my whole attitude about this issue! I had decided to be proud of the fact that MN had record gas price's in the US (I have no clue if this was true or not, but it got me through). Now(!!), MN's prices drop?? For the first time in how long?? I just can't win!
Seriously though. Memorial weekend is the first weekend since Xmas that my kids and I can visit some of our relatives (kids are out of school, the adults all have a long weekend off from work) and we can all be together at the same time. So it's kinda like do it now or miss out until next Xmas which sucks. Some of my relatives may not make it till then, ya know what I mean? This just sucks! But HEY! The price of gas just dropped here in MN, not where I live, but who cares!! Yee Haww....
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bubba2
May 23, 2007, 2:22 p.m.
This story was posted on Netscape yesterday ...
http://politics.netscape.com/story/2007/05/22/h...
I posted that this is what the first statements in the story SHOULD have said --
"With the increase in gas prices in the United States, oil companies have RAKED IN an extra $20 Billion already in 2007 ... "
... because THAT is the real truth ...
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eugenegerard
May 23, 2007, 2:44 p.m.
Gas prices will continue to go up as long as the value of the dollar goes down. These freaks cannot stand to take a loss. Losses are for us peons.
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joeblowe
May 23, 2007, 3:40 p.m.
Nickel my as*. It went up a dime yesterday while I was at work. Lucky us - right now, Chicago has the highest gas prices. Close to $52 to fill up now. I'm out over $200 per month for gasoline. Wish I could give up working...
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hrmm
May 23, 2007, 3:44 p.m.
AAA is on crack. I dont know anyone who is actually going to travel on memorial weekend. Sorry but I dont drive unless I HAVE to. THe Oil company is "testing" the markets to see how much they can get out of us and to see at what price we are willing to pay. Scam Scam Scam Scam. I hope they realize that if they continue to keep uping the prices everything else will be going down hill. What are they going to do when no one can afford to drive anymore? Obvisouly they are not thinking that far in advance. Just money is on the mind!
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hamy
May 23, 2007, 3:45 p.m.
Why doesn't Bush authorize a realease of reserves to try and bring the price under control?? Or, like before, issue a temporary ease of taxes on gas to try and help out with the price? Because he doesn't really care what happens to the average American.
Oh, and did anyone else see the story about how gas is more expensive now than it was in adjusted dollars in the 70's during the Carter years? True.
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Riverrat
May 23, 2007, 3:49 p.m.
We are having our yearly family reunion in two weeks and many have a long way to drive, I think we will have a smaller turnout this year due to gas prices. I am thankful that I dont have far to go, already had to park one car that cant pass a gas station. its not new, its old and doesnt know about gas miles per gallon, when it was new a big V-8 was the way to go, that has long past.
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axman
May 23, 2007, 4:28 p.m.
It is simple, gas prices are up becasue they can and no one is going to stop them. so evrybody bend over and grab your ankles. Exxon/mobil wants more record profits
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Watchemoket
May 23, 2007, 5:15 p.m.
The reason that this is the longest "spike" in gasoline prices is that it is NOT A SPIKE - it is the 'free market' allowing these greedy multinational corporations and their executive masters to screw the consumers of the whole world.
The price of gasoline in the US will continue to climb through the summer, then it will level off for a short while before another 'crisis' sends it upward again. A Gulf Coast hurricane, or 'inadequate refining capacity' due to 'those nasty environmentalist tree-huggers', or the winter will be colder than usual (or warmer than usual) -- take your pick. The oil companies will trump up some excuse to justify obscene profits that never seem to go into anything that would 'cure' the alleged causes of the high prices.
No new refineries, or expansion of existing refineries, or improvement in pipelines or other transportation methods - NOTHING will be done to 'repair' the alleged reasons for high gas prices. Ka-ching$$!
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simonsez
May 23, 2007, 5:23 p.m.

At $2.00, it cost me $40.00 to fill up. Now it's $65.00.
Is this the end of the world? Compared to $1200/mo healthcare, it just doesn't seem all that tough.
anioklyComment has been removed: User banned.
anioklyComment has been removed: User banned.
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hrmm
May 23, 2007, 6:32 p.m.
here is something I found......
WASHINGTON (AP) Ã¢;; Decrying near-record high gasoline prices, the House voted Tuesday to allow the government to sue OPEC over oil production quotas.
But then White House objected, saying that might disrupt supplies and lead to even higher costs at the pump.
The White House said President Bush will be advised to veto the bill should it pass Congress because such suits could spawn retaliatory measures and "lead to oil supply disruptions and an escalation in the price of gasoline, natural gas, home heating oil." global oil production.
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Electrocon
May 23, 2007, 7:14 p.m.
I've been vehicle-free for the past 3 years and it's GREAT! Too bad this isn't an option for everyone.
Even before giving away my vehicle I switched to riding my bike almost everywhere and only used the truck when I absolutely had to. And this was long before gas was $3.55 or more per gallon. I even had a cool trailer I could pull with my bike to go and get groceries. I got it at www.bikerev.com
As for alternatives, has anyone else seen this: www.pluginamerica.com
I hear plug-in hybrids are the ultimate solution and they're possible NOW. These people (www.calcars.com) converted a Prius car so they can plug it in. The equivalent of 125 miles per gallon (they can drive roughly 40-60 miles on electricity alone).
Maybe if we start calling our dealerships and demand plug-in hybrids they'll start doing in the factories what can already be done at home.
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Bigdog12345
May 23, 2007, 7:16 p.m.
Axman said "gas prices are going up because they can and no one is going to stop them".
that is so true and I couldn't of said it better myself. No one does a damn thing about this, lets say gas bumped up in minnesota for $4.50 a gallon, no one would do a damn thing all they would do is whine about it, but thats it. If Everyone got together we could literally do something about this. No one is going to though, they whine but still pay the gas prices. They raise it for reasons they don't really need to raise it for.
1.)you have to go to work so they can raise it because YOU WILL pay it.
2.) you have to get groceries, see people, etc etc you WILL pay the price.
there is no excuse for them to raise it, they are raising the price because they CAN.
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el4sail
May 23, 2007, 7:32 p.m.
ENRON Reduz
Manipulate America out of its money.
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barkytreestump
May 23, 2007, 8:15 p.m.
heh. ive got gas. but i got it for free.
pbbbbbbbbbbbbbbbbbbbbbbbt
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Electrocon
May 23, 2007, 8:19 p.m.
Keep every receipt for every gallon of gas you buy, people.
Then deduct that amount from your taxes at the end of the year.
Wait, I've got a better one: claim Single and 5 on your tax form and then when it's time to pay in, send the IRS a letter stating that since the government is no longer acting in the best interest of the people, you will no longer fund those efforts with your hard-earned money. Further, explain that the amount of taxes you didn't pay in is a subsidy to assist you with the increased cost of living due to ever-increasing fuel prices.
They still work for us, don't they? Or did they change that part of the Constitution behind closed doors while I was sleeping last night?
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HateKoolAid
May 23, 2007, 8:55 p.m.
Something doesn't make sense. Every time the price of gas goes up all the oil company mouthpieces smile and say it's not gouging it's a simple matter of supply and demand you idiots! When the price took it's first spike demand went down but the price kept rising. Then they say it's all the environmentalists fault, they won't let them build more refineries. There's just as many refineries this year as there were last year but the price is higher this year. They moan and groan about their refining and exploration costs but their profits keep getting higher and higher. Something doesn't add up.
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y_soitenly
May 23, 2007, 9:02 p.m.
I just love paying $3.99 for a gallon of regular unleaded gas; can't wait for summertime, maybe it will shoot up to $5.50 a gallon.
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atvdesign
May 23, 2007, 9:16 p.m.
Heck with fuels. I can't make fuel, but I can make electricity. I got so mad at the gas prices that I gutted out my Geo Metro and am installing an electic motor. I'll save my gas burners for long distance and heavy duty driving, but 90% of my driving is city under 45 and less than 50 miles a day. Electric suits my needs. Someone could make a lot of money converting these smaller cars, and if mine works out--it might be me!