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US gasoline prices headed higher, government warns »
Posted by: STONERS 1 year, 10 months agoU.S. drivers will pay much more for gasoline this spring and summer than they did last year because of more expensive crude oil, even though supplies are plentiful and motor fuel demand is lower, the government's top energy forecasting agency said on Wednesday.
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STONERS
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Comments: 137
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STONERS
Feb. 28, 2008, 11:30 a.m."The federal Energy Information Administration's next monthly energy forecast on March 11 is expected to revise up its prior estimate that gasoline would peak at around $3.40 a gallon this spring."
"The agency said crude oil prices may fall gradually through 2008, but not enough to give consumers much savings at the pump."
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rdy2rckComment has been removed: Hard Banned
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Charlson
Feb. 28, 2008, 12:35 p.m.Not at all happy about this. Food, gas and about everything else going higher and higher. All any of us can do is tighten the belt tighter and tighter. It's looking like the economy is going to be more of an issue than Iraq. Except Iraq is one of the reasons for these higher prices.
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Eagle_Eye
Feb. 28, 2008, 1:15 p.m.Gas just like medical care should be made non-profit, it isn't right when humans are dependent on some thing that it can be profitable....ops I forgot America is a Capitalist nation....
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Commodore1
Feb. 28, 2008, 1:47 p.m.I'm skeptical. It seems like every year for the past few years they come up w/something like this but it never really pans out or prices just don't go high enough to attract any more attention. I remember when they said a few years ago how prices of heating oil and gas were going to sky rocket and how everyone involved in finance agreed. But it never panned out did it? I think someone is hitting the panic button too early.
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simonsez
Feb. 28, 2008, 1:57 p.m."The agency said crude oil prices may fall gradually through 2008, but not enough to give consumers much savings at the pump."
Key word is "may". It won't happen. High prices are here to stay because 70% of the supply is controlled by sovereign nations using it as a strategic asset.
You can complain about hummers and SUV's, but reductions in mpg's are trumped by expanding markets all over the world.
We will never see cheap gas again and if it a problem for you, you better make the adjustments you need to make.
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HomeGManComment has been removed: Retracted by user
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Origin
Feb. 28, 2008, 4:01 p.m.Exxon has recently posted the largest quarterly profits of any company in history.
The scam is in full effect.
Dont think hillary, obama or mccain will do anything about it.
the sheeple worship in the steeple while satan creeples.
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markmawn2
Feb. 28, 2008, 4:55 p.m.It cost me an entire 22 dollars to fill my empty tank this morning! I'm going to go bankrupt!
(BTW, I can drive over a week on that)
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canadianrancher57
Feb. 28, 2008, 5:02 p.m.Up here in Canada a country that is a net exporter of oil we have it no better or maybe even worse. Regular gas today is $1.13 per litre, I think that there is 3.96 litres to an American gallon so that put our gas at $4.47 right now and thats with a dollar that is equal.
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TheRealizer
Feb. 28, 2008, 5:13 p.m.It cost me $886.90 to fill my long haul truck last night, and the trucking industry can't continue to absorb the fuel costs.
The price of fuel IS going to affect everyone who buys anything out of a store. Keep in mind the farmer is also affected, he must buy fuel to till, to plant, to harvest, any way you look at it things are getting more expensive.
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Tango57
Feb. 28, 2008, 7:12 p.m.I just paid 3.24 for a gallon of gas, but not to worry, George said we are not in a recession. Albeit, Greenspan advised the global markets yesterday to drop the american dollar. Here we go....buckle up...it's going to be a rough ride. I recommend buying stock in Exon..
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B1BLancer
Feb. 28, 2008, 7:20 p.m.If drilling in ANWAR and the continental shelf had been opened up years ago, we wouldn't have this situation now. Thank the dummycrats and your friendly neighborhood environmentalist wacko if gas hits $4/gallon.
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texangelwings
Feb. 28, 2008, 8:13 p.m.Just two weeks ago, gasoline in a town 25 miles away, was $2.73 per gallon, while ten miles in another direction, gasoline was $3.09 a gallon.
The high prices of gasoline is the reason why one of my neighbors and I take turns driving to town.
"US gasoline heads higher" and so does the profits of the oil industry and their stockholders.
Thanks STONERS!
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nikkibabe
Feb. 28, 2008, 8:19 p.m.Today, the culprit in White House said at a press conference that he has never heard of high price for gasoline to come soon. He also said there is no recession in the country.
John McCain standing behind his A## smiled showing his dentures are in good shape!!!!!...
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prevere
Feb. 28, 2008, 8:30 p.m.Congress balks at 18 billion dollar tax cut for oil companies and gas prices go up. Any connection? Impossible, that would be blackmail. There's a very good reason for prices to soar. Pick any one you want.
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Amazing1
Feb. 28, 2008, 10:26 p.m.It will soon be time to pay the piper. There have been riots in Italy over the price of pasta, in India about the price of rice, in Mexico over the cost of tortillas. It will soon be here. Buy gold, ammo and seeds. It's gonna be rough out there.
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bizexpertComment has been removed: Hard Banned
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bcarter01
Feb. 29, 2008, 12:50 a.m.This is simple rebate the gas price is paying for the rebate
they are giving us part of the money that we are being over
priced for gas and that way they wont have to spend money that is going for whatever and this happens every time they need quick money including the war but not limited to
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Ratskii
Feb. 29, 2008, 1:09 a.m.There will be ups and downs in gas prices going forward. No matter what else happens the overall trend will be up. Ask your candidate, no matter which of the three you support, what are they going to do to make America less dependent on non-renewable resources.
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DrBenway
Feb. 29, 2008, 2:13 a.m.Bush today said he didn't hear this "gas is going to be $4.00 a gallon" nonsense.
Then again, he craps in his pants and drools while eating, so ... what can you say to a man like that?
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PellerOpin
Feb. 29, 2008, 3:31 a.m.WOW, What a shame!
Speaking of this article, If you would like save more of your dollar, I recently came across a site called BIZLOPEDIA.COM. it is an online shopping search engine that provides that best online shopping sites as well as exclusive deals and savings directly to users on all shopping needs!
Check it out & save big!
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walden3
Feb. 29, 2008, 7:29 a.m.Imagine how a democratic president would be excoriated had the price of gas TRIPLED under his watch. Talk radio and cable TV would have the peasants storming the castle with pitchforks and torches.
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pigibank
Feb. 29, 2008, 8:08 a.m.I listened to bush on NPR yesterday and he was obviously lying when he acted like he didn't know about the almost $4 per gallon gasoline. THe kicker was later in the interview when another journalist asked him something (I forget the topic) and his answer was something to the effect that he hasn't had time because he was working on gas prices. I guess since he was annointed once by the supream court and elected once by the american people, he thinks he can tell us anything and we'll believe it! It's really bad when the President of the United States thinks that the american people are so stupid. Well, on second thought, maybe we're as stupid as he is for putting him in office for a second term.
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