How high will gasoline go in 2012

Wow. Looking at prices while out on errands today, the place I filled up last night had not yet changed ($3.61). But all the other prices were closer to what I paid in Banff than to last night's purchase. Stations are waiting for someone else in the neighborhood to break the $4 barrier.

 

$4 tops, as it is election year! They might cite Iran, raining in Texas, but if there are profits to be made, it is right now!

 

I too think that the POTUS releases some of the SPR under a storm of public demand to .... "DO something!!!" ... this when gas reaches $4.00+ on average sometime in April. By that time CA, NY, IL and other isolated areas will be pushing $5.00 again.

If prices on average nationwide get above $4.50 all hell will break loose IMO. I am iprobably in the minority which would welcome a spike up to $4.50 and higher simply to get the deeply entrenched intransigents to give up their bunker-mentality and recognize that they had better buy something more fuel efficient or else they'll be up against this every summer for the rest of their lives.

If gas prices hit $4.50 on average this summer....$5.00 next summer.

 

This is no joke. My first indication of a recent gas hike is a surge in being asked questions at work about my Prius. My second indication is many days later when I have eventually have to stop at the station.

 

Here comes more fluff pieces on my local news. At some point, it might not be news for local reporters to go to their local gas station and walk up to SUV drivers for their opinions. I'm still waiting for a different response then the anticipated one of "Well, if it's too much of a sacrifice, I might be trading in sometime". But by all indications, we'll have this same cycle every summer.

 

(EndPlay Staff Reports) - U.S. Rep. Allen West, a Florida Republican, has a new reason to dislike President Obama. His latest complaint, though, isn't getting him many fans.

West, shortly before Obama was to speak about energy policy, posted a rant on his Facebook page . His latest frustration is how much it's costing to fill his vehicle.

"Here is the bottom line, last night it took 70 dollars to fill the tank of my 2008 H3 Hummer, what is it costing you?" he asked. "What does it cost the President to fill his gas tank?"


Read more: http://www.myfoxboston.com/dpps/new...mer-dpgoha-20120224-fc_18203148#ixzz1nJY3i0bg

 

Was talking to a coworker this past weekend. It costs $65 to $90 to go up to the slopes and back in his truck (~300 round trip, heavy mountain passes that effect mileage depending on conditions). It costs me about $20-$25. And when the back roads are closed and you have to take the interstate through summit county, you can spend 3 hours in bumper to bumper traffic through from ski country through the Eisenhower Tunnel in which case the Prius wins hands down.

When you go up every weekend, it really adds up. But until it hurts, nothing will change.

 

Prices have jumped here this week. It's now 1.41 per litre, which is roughly $5.36 a gallon. Good thing I hardly ever drive.

 

silly rabbit..it's already over $4/gallon for 87 here in NY

 

If probably doesn't help that Vancouver gets a significant chunk of its fuel from the Cherry Point refinery just across the border. So you are probably also being hit by the consequences of its fire and unscheduled shutdown last week.

I see that the highest Seattle-area prices are already above the cheapest Alberta prices. So I should have stayed on ski vacation near Banff.

 

My nine-year-old daughter and I just made a pilgrimage from our home in Monroe, GA to Walt Disney World. It's 450 miles each way. We used 18 gallons of regular gasoline. It cost us about $65 round trip. We made the same trip in my Lincoln Navigator and used 64 gallons of premium gasoline. At today's prices that trip would have cost us about $250.

I had considered purchasing the Chevrolet Volt... It would have cost about $100 to make the trip in a Volt. That premium gas is a real bugger.

 

I thought the above stations leveled off at $4.19 (that was their price yesterday) but both of them are now at $4.25.

 

Psst, I'm going to let you in on a secret. When a situation happens where gas prices spike during the night. Find a station that has not opened, yet. Many stations leave the pumps on 24/7 but you will need to use a credit card to activate the pumps.

One night I was just about out of fuel. I stopped at a station and settled back for a nap until the station would open in a few hours. A patrol car pulled in, fueled and left. I got out tried my Visa. A few minutes later I was on my way with my full tank.

I've used this many times over the years in many different places. It seems the station employees just leave the pumps on authorization status before leaving so they work like they do all day.

 

Some stations really do close at night. Including pretty much every one in Wyoming, which makes it easy to run out of gas there at night if you don't expect it.

And waiting a few hours to save on gas money? Really? Unless I was filling up a few 100=gallon drums and gas had doubled overnight, it is not worth it.

Lets say it went from $4 to $5. You fill 12 gallons because someone stole every last drop you had. That's $48 vs $60, a $12 difference. Anything more than 1.5hrs if you make minimum wage, is not worth the time.

 

Here's an article from yesterday (interesting perspective re: natural gas inputs):

Angry About High Gas Prices? Blame Shuttered Oil Refineries - Yahoo! Finance

More analysis from DOE

This Week In Petroleum

Price will surely be $4-something over the summer.

Tapping the SPR or not is complicated by the current situation in Iran.

 

On 2/19 i filled up both vehicles in suburb of Chicago (near O'Hare) for 3.349. Price at that same station is now at 3.799 and anticipate more increases to follow next week.

Chicago has been getting a lot of oil from canada and refinireies operating near capacity. Sure that has helped prices for us, since we have normally higher than national average prices...

 

Gas hike revives fears of $5 mark - San Jose Mercury News

Drivers suffering sticker shock over gas prices | Video | abc7news.com

 

But didn't I read sales of SUV's are still holding high in the US?

Ford SUV sales boom, cars slump; Chrysler strong; GM up a bit
Despite gas prices, pickups, SUVs sales are strong - Mar. 1, 2011
Trucks, SUVs help pull Detroit auto sales up - Oct. 3, 2011


If you bought an SUV then cry about the cost of fuel, then it could be said you're not the brightest button in the box. I mean, it isn't like fuel costs have been on the up and up for the last 10 years is it?

 

What idiot accused the U.S. of being bright?

Over the past 10 years, gas prices have gone down almost as many times as they have gone up. In fact, if you count them all, the difference between the ups and downs is only 1.

All the links you point to are ancient history, months old. The current gas price crisis is barely 10 days old, much more in keeping with our collective attention span.

 

It took me a few seconds to realize the deep math involved in your theorem. Fortunately, it was just before I began counting the peaks and dips.