I fully expect $4.00 by July.
Posted on 04/09/2006 2:46:00 PM PDT by snowsislander
Lundberg says national average rises to $2.67 a gallon, but price run-up may be ending.
April 9, 2006: 4:37 PM EDT
ATLANTA (CNN) - Gas prices shot up another 17 cents per gallon over the past two weeks to a national average of $2.67, a survey said Sunday.
Since Feb. 24, the average price of a gallon of self-serve unleaded has risen 42 cents, said Trilby Lundberg, publisher of the Lundberg Survey, which tallied prices March 24 and April 7 for its latest survey.
"Some of the pump price surge comes from higher crude-oil prices, but most is the new fuel specifications resulting from energy-bill provisions and EPA regulations," she told CNN.
[....]
But, assuming no further crude-oil price jumps or any emergency affecting refining capacity, gasoline supplies should swell and prices should drop soon, she said.
"The end of the price run-up at the pump, I believe, is very near."
Of the cities surveyed April 7, Salt Lake City has the lowest average price, at $2.28 per gallon. The highest price was in Honolulu, at $2.88 per gallon.
Here are prices elsewhere:Atlanta: $2.57; Portland, Me.: $2.59; Boston: $2.61; Seattle: $2.66; Houston: $2.70; Chicago: $2.80.
(Excerpt) Read more at money.cnn.com ...
Also, I wonder why Salt Lake City at $2.28 is so much cheaper than anywhere else listed -- that's $0.39 less than the average of $2.67.
Why would Houston gas be more expensive than Boston? It is against the nature.
I suspect the Mormons! lol.
Another big difference is in the amount of state tax added per gallon. Here is a link to compare state taxes
No doubt the oil industry apologists will shrug this latest round of gougings off as free market supply and demand. I'm sure the demand surged 17 percent in the last two weeks. Summer driving and all, y'know ...
Quit buying gas...or quit complainin'....
Now this makes even LESS sense.
Naw, it's just the government screwing us even harder again. I was wondering why they weren't clamoring for congressional hearings any longer. Seems they are at fault this time.
That's an interesting link. But it doesn't explain the difference in Salt Lake City and other places -- it shows Utah with a 24.5 cpg for both gas and diesel, which puts it on the higher side of the list, yet it is considerably cheaper at the pump than anywhere else listed.
Houston is in Texas, which your link has is only a 20 cpg for both gas and diesel, yet it is 42 cents per gallon more expensive at the pump according to CNN. Atlanta, being in Georgia, is even lower at just 7.5 cpg on your link (though with a 4% sales tax which I don't know if it is included in the pump price from CNN), but it is $0.29 more expensive than Salt Lake City at the pump.
Perhaps CNN is wrong about the Salt Lake City pump price. I don't see how gasoline could be selling for so much less there than in other states.
I fully expect $4.00 by July.
Unless you're capable of doing the Barney Rubble, you're going to need gas to power up your vehicle.
Don't think I'll be doin' either of those things, thanks.
Oh, don't I know!
I'm waiting for the article that screams "Gas prices plunged (x) cents per gallon this week".
Somehow, I don't think I'll see that.
Heh. AP: Oil investors lose billions on crude oil drop, Democrats demand investigation of Bush administration ;-)
Gas up until about a week ago was $2.53, now it's $2.69 - five bucks by July!
I checked Gas Buddy for Salt Lake City, and it appears that indeed, CNN is correct: gas is very inexpensive there relative to the rest of the U.S.
Lowest Regular Gas Prices in the Last 60 Hours
Price Station Area Time Thanks 2.06 Sams Club West Jordan Fri
8:08 AMchappy77 7571 S 3800 W ($.05 more w/out membership) 2.11 Costco Murray Sat
8:09 AMBanzai2U 5201 S Intermountain 2.11 Costco Sandy Fri
9:45 AMSCB1970 11100 Auto Mall Dr 2.15 Sinclair South Jordan Fri
4:02 PMKWarner 10507 S Redwood Rd 2.15 Conoco (Smith's) West Jordan Fri
2:18 PMUT Ray 1820 W 9000 S 2.15 Conoco Sandy Fri
9:43 AMdraynub 425 West 9000 South 2.15 Maverik West Jordan Fri
8:10 AMquizno43 2714 W 9000 S 2.17 Conoco Salt Lake City - NW Sun
12:02 PMbiodieseldude 140 N 900 W 2.17 Smiths West Valley City Sat
8:58 PM1bdf350 4643 South 4000 West 2.17 Super Saver Fuel West Valley City Sat
3:24 PMCalsteven1 3500 S & Redwood Rd 2.17 Phillips 66 Salt Lake City - SW Fri
9:40 AMdraynub 3200 West 4700 South 2.17 Harmons West Valley City Fri
7:36 AMmsmith17 4000 W 3500 S 2.18 Smiths Salt Lake City - West Sun
12:42 PMSLC_JEEP 600 North 1200 West 2.18 Smith's Conoco Salt Lake City - NW Sun
12:17 PMbiodieseldude 1132 W 600 N 2.18 Maverik Salt Lake City - NW Sat
3:24 PMCalsteven1 676 N Redwood Rd Highest Regular Gas Prices in the Last 60 Hours
Price Station Area Time Thanks 2.37 Chevron South Salt Lake Sat
8:10 AMBanzai2U 16 W. 3300 So. 2.37 Chevron Salt Lake City - South Sat
8:10 AMBanzai2U 704 East 3300 South 2.37 7-Eleven South Salt Lake Sat
8:10 AMBanzai2U 287 W. 3300 So. 2.35 Sinclair Murray Sun
9:28 AMSpankyUT 4800 S. State St. 2.35 Sinclair Sandy Sat
3:29 PMsilver$ 9000 S 150 W 2.35 Sinclair Sandy Sat
3:29 PMsilver$ 9400 S 1300 E 2.35 Sinclair South Salt Lake Sat
8:10 AMBanzai2U 3310 So. 700 East 2.35 Phillips 66 Salt Lake City - West Sat
6:51 AMSLC_JEEP 300 west 400 south 2.34 Top Stop South Salt Lake Sat
10:07 AMBanzai2U 90 W. 3300 So. 2.33 Chevron Murray Sat
5:38 AMsilsal 450 W 4500 S 2.32 Sinclair Holladay-Cottonwood Sun
9:28 AMSpankyUT 4507 S 900 E 2.32 Conoco Murray Sun
9:28 AMSpankyUT 4800 S. State St. 2.32 Chevron Murray Sat
5:38 AMsilsal 4500 S State 2.31 7-Eleven Murray Sun
9:28 AMSpankyUT 4811 S. State St. 2.31 Chevron Murray Sun
8:08 AMKickapoo 5400 South 600 West
That is showing that even the highest prices in Salt Lake City are far below anything that I am seeing. I wonder why it is so much cheaper than other places?
I cannot imagine how they are selling unleaded for $2.06 at Sam's Club there, but at our local one, it is considerably above that figure.
Here's another thing for libs: unless you use public transit enough to justify a bus pass, it won't save over gas at $2.50 one way. You need to make at least 13 round trips per month to even consider a bus pass so basically you're going to be using the bus to get to work but that's $64, drop in convenience but you save on gas (and car payments if you have one).
Cut down on trips, plan commuting to avoid stop-and-go traffic, don't drive a gas guzzler (SUV, minivan) you can't afford, car pool, use your cruise control if you have it, take out items you don't need in the car (like extra seats). Buy gas instead of beer, snacks, entertainment items. Budget year-round for $3.25/gallon gas and keep it in a separate interest bearing account.
Excellent point -- the Congress-critters have been silent about the latest price run-up, haven't they?
Good point.
You'll be providing an alternative to gas, of course...
Pat and turn...
Just wait until the first hurricane this year. :-(
""Four dollars a gallon by July? I am reading $3.50 by June,
and gas lines again, which means shortages.
I hope we are both wrong.""
Why would there be gaslines? Gaslines occur when gasoline prices are below market prices. High gas prices eliminate gas lines.
Walk.
Other sources agree w/ CNN. Perhaps the reason the prices are so high across the South (including Texas) might be a regional supply thing because of Katrina?
Yes, check #22 where I posted the Gas Buddy information for Salt Lake City, which is showing prices as low as $2.06 for unleaded in Salt Lake City at Sam's Club.
That's hard for me to understand since I believe that the wholesale spot price isn't much below that, and Utah apparently has a fairly high state tax on gasoline. Maybe Utah has temporarily stopped its state taxes on gasoline? Even then, those prices seem very close to what the Department of Energy's EIA says is the prevailing wholesale spot price.
Yep. I'll do that the 7 miles to take my son to school in the morning, then another 7 miles to work, then a mere mile or two to get groceries, carrying the groceries home on the return trip.
Get real.
Well you got the Federal, state, and county gas taxes.. Plus you got the blended fuel crap mandated by the EPA...
We do have a constitutional right for cheap gas...
Texans get royally ripped off by the oil companies, while they are pumping out our oil. They can do this because they pay off all the government entities in the state. Our natural gas always has cost more than the gas that is shipped up to Chicago and sold there for less. Texans are chumps for putting up with this exploitation of our state's resources for the enrichment of the greedy oilmen of this state.
As long as the government doesn't interfere with price gouging by the non-American international oil cartels, there will be no gas lines.
But we will be seeing gasoline at over $4.00 per barrel.
Why?
Thanks to environmentalist wackos we have not built more refineries, we have prevented drilling in more oil fields, and there is no government incentive for competitors to petroleum, like ethanol.
All of Brazil runs on ethanol. We could do the same thing here. The spiriling cost of liquid and gas fossil fuel will ricochet and impact every other industry still functioning in America. It will raise the cost of everything transported by truck, plane or ship. It will adversely impact travel and tourism.
This is another serious problem the Administration is refusing to address and the Congress is playing politics with - as usual.
Lines will occur when there is a shortage of a good...
...that no one can live without.
Kinda like the food lines in the former Soviet Union. Everyone had money, but there was never enough of something for you to buy with it.
Same with gasoline. Most people have to buy it, no matter the price. So even if the price rises, the demand stays the same.
We could be filling up on ordinary gasoline made from coal, but we don't. (America has some of the world's largest reserves of coal, too.)
We'd rather try ethanol and make everyone buy new cars capable of running on the stuff.
America's offical energy policy:
No nukes, no oil, no coal, no natural gas, no wood, no nothing!
And free cable TV.
The fact that "boutique blends" haven't been immediately stopped shows how utterly useless our government truly is. Easy step, could have saved the average consumer a ton of money. Yet another reason not to vote for the big, stupid government parties.
Don't argue with the stock brokers on these threads. You won't convince them that any price is too high. According to them, all we need to do is move right across the street from our jobs and not ever go anywhere else. Infrastructure doesn't allow that, but that's beside the point. The point is they are well off enough to have extra money to invest, and they are buying oil futures. Nothing wrong with that, certainly. I'd probably be right there with them if I could.
You're pretty much right on, unfortunately.
The Repubs solution to the oil crisis is do nothig and let the price rise.
The Dems solution is rationing, alternate filing days, and no new production or sources of moblie power.
Either way we're screwed.
Dug a little & found this background article:
http://deseretnews.com/dn/print/1,1442,605152418,00.html
Competition, wee margins...Salt Lake City area. (Also--refining capacity in state & Wyoming (non-Gulf) crude source. Prices quite a lot higher (30 cents) in other areas of Utah.
http://www.utahgasprices.com/
And I'm sure that a lot of the apologists on these threads are also profiting from the extortion. That's their right.
This price hike is manufactured as the gubmint is forcing oil refiners to add new additives to the fuel. They could rescind this and drop the fuel tax but they won't as long as the economy is humming along according to reports.
I am seeing a huge increase in motorcycles where I live but unfortunately I am going the other way. As a carpenter/builder by trade, I must carry a large assortment of tools and material from job to job. I have been working out of a '93 Nissan truck since I bought it new but now I need a van. The costs of running it will have to be passed along to the company and in turn, onto the consumer. I also have a Suzuki Motorcycle which is now roadworthy and I'll be using it for short errands.
Gasoline prices are a small part of petroleum costs. Plastics, solvents, manufacturing, transportation, etc all require petroleum.
I'll pay the price, I'll pass it on and I'll cut back on things I don't need. If that means layoffs in other sectors, oh well.
Watch it. Now according to Jack you are the cause of inflation; along with gas.
Don't inflate the numbers to benefit your augument. It was a 17 cent increase, not 17 percent.
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