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Big gas price surge soon?

Report says pump prices could shoot up by about 25 cents a gallon in coming days to new record.
March 4, 2005: 8:11 AM EST

NEW YORK (CNN/Money) - Gasoline prices could rise by about quarter a gallon in the coming days to new record levels, according to a published report Friday.

USA Today, quoting energy experts and analysts, reported that a gain of 24 to 28 cents a gallon is possible as stations scramble to keep up with recent increases in oil and wholesale gasoline prices.

An increase of 24 cents a gallon would put the average retail price of a gallon of regular gas at about $2.16 a gallon, according to the Energy Information Agency, the Department of Energy unit that tracks prices. The EIA's survey put the average price at $1.928 in Monday's survey, up 2.3 cents from a week earlier.

The EIA's earlier record of $2.02 a gallon for regular was hit in May of 2004.

Oil prices hit $55.20 a barrel in trading Thursday, which was within 47 cents of record intra-day levels for crude oil. But prices retreated about $2 a barrel since that high. Gasoline futures set a record at $1.5450 a gallon.

The paper reported that even higher prices could be ahead as increased warm weather driving pushes up demand.

Tom Kloza, senior analyst at the Oil Price Information Service, told the paper that retail gasoline prices lag increases in wholesale prices since Christmas by about 25 to 28 cents a gallon. He says he believes the record prices won't come until the latter half of March.

But Peter Beutel, president of energy tracking firm Cameron Hanover, said a spike of 24 cents a gallon could happen in the coming days.

"It's going to be brutal, horrendous," he told the paper.


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I'm glad I walk to work.

Gas in the UK goes for about $5.85 a gallon these days.

<--- presses the "give a shit" button

Really. We is quite spoiled here.

How much does a CD go for, Sketch, at a HMV for example?

Steve

Answer:

CDs are anywhere from $19.20 to $28.88 (£10-15)

WTF- we already pay that here.

fp <----- rides his bike to work.

But that is partially because the dollar is so weak right now. You get paid in £s, right?

Under the Silver Lining category, if gas prices here go up enough, and stay up long enough, we may have some real discussion on public transportation for once. I like driving myself to work, believe me, and I'm not sure how I'd get a Vibrolux to a gig on the bus, but I've work in Germany, too, and those clean, efficient trains sure do grow on you after a while...

When I was in Chattanooga, Tennessee a few years back I rode an electric bus and it was kinda neat. It couldn't go very fast or far. but I guess it's a step in the right direction.

Steve

I'd say this is more "wishful thinking" than "silver lining"

I'd drive it.

It would be hot.

The dolls would love it.

Yah yah.

I sincerely want a Smart car. I rented one in St. Barths and it was pretty cool. Once I go to law school I should have no reason to ever go OTP again. Except to see my family, Damnit!!

this is gonna really suck for the fools that drive suv's and big ass cars.

Not to mention people who commute 70 miles.

We need a better rail system, not just for passengers but freight as well. The semi trucking business burns a lot of gas and causes extra traffic.

The reason for this is the UK goverment takes about 70% of that in fuel tax. I've heard garage owners, if they make any money at all, it's from chocolate bars and the like.

<----presses the "give a shit" button because I don't drive.

If you pass by two prisoners and one is being tortured by having stones applied to his chest but the second one is also having his eyelids periodically burned with a low-flame torch, would you say the first one was not being tortured at all?

Man, that is a dark analogy.

I guess it depends on what fuel the torch uses, and where they got it from.

Question: Where do you put your tools in something like that there?

<=======needs whats in his truck as much as the actual truck to make that paper.

Who needs tools when you have cute, I ask?

Supposedly they have no intention of releasing the two seater pictured in the states, which is a shame, because I didn't end up getting work elsewhere and I must have one.

Maybe they'll make a cute little matching trailer to put your tools in? Good question, tho. I see myself having one for the commute (bout 40 miles each way), as well as my truck for carrying crap every few weeks. 70mpg adds up in an awful hurry, particularly against, say, a new F150 getting like 18...

Once in the UK I saw someone towing a little trailer with a Smart, but they looked like they were pushing their luck a bit

If a bully punches you and your neighbor in the face but also kicks your neighbor in the balls, he's still punched you in the face.

If one homeless person spends a rainy night under an oak tree while another falls down an embankment and bruises three ribs and tears his only pair of pants, both remain homeless.

$2.25 a gallon is a hideous price to pay for gasoline when oil companies continue to post record profits. $5.85 a gallon is an unthinkable price, considering many people in the U.S. don't earn much more than $6.50 an hour and certainly don't net it.

What about us big motherfuckers, who don't have dat NBA $$?

Hell, I drive a Maxima, cos that's what I can afford.

Naw, y'all drive a Maxima, cuz das how y'all roll. Cuz ur a pimp:

[img][650:433]http://img15.exs.cx/img15/2503/roundup0676yd.jpg[/img]

True, true, true. Laura, Laura, and Laura. Ifuh, Ifuh, and (I guess) Ifuh...

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