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Gas Prices Continue to Rise
ABC ^ | 01/09/12 | Susanna Kim

Posted on 01/10/2012 10:05:53 AM PST by freespirited

Gas prices are continuing to move upward with a gallon of regular at $3.38, up 8 cents from a week ago, the Energy Department’s U.S. Energy Information Administration said today.

The weekly national average increased almost 30 cents from a year ago, and rose for the third consecutive week, adding to predictions that 2012 might be an uncomfortably expensive year for drivers across the country.

Last year was a record year for gas prices but 2012 is forecasted to surpass its annual average. The real annual average for a gallon of regular gas last year hit $3.56, up from $2.90 in 2010, according to the EIA. From its data that begins in 1919, the previous record high was in 1981, at $3.45.

Patrick DeHaan, GasBuddy’s senior petroleum analyst, forecasts that by Memorial Day, the national average will range between $3.86 and $4.13 per gallon. He also predicts that prices in 2012 will come close to or set new all-time highs. If prices soar this year, drivers could spend $200 to $300 more for gas in 2012.

Oil prices, after initially spiking this month because of concerns about Iran’s threat to block exports from the Persian Gulf, fell today, the Associated Press reported. Analysts from Morgan Stanley reported oil producers can bypass the Strait of Hormuz, which Iran has threatened to block if countries interfere with its nuclear program.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: News/Current Events
KEYWORDS: energy; gas; gasoline; gasprices; oil; pipeline
IMHO the election could be decided by the price of gasoline.
1 posted on 01/10/2012 10:05:56 AM PST by freespirited
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To: freespirited

I use an average 60 gallons of liquid gold every time I take the boat out on the Gulf of Mexico. these prices are killing me. Can we shoot the politicians yet?


2 posted on 01/10/2012 10:09:59 AM PST by Captain PJ
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To: Captain PJ

I drive 94 miles, round trip, every day to work.


3 posted on 01/10/2012 10:13:21 AM PST by cuban leaf (Were doomed! Details at eleven.)
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To: freespirited

2011 we had the HIGHEST GAS PRICES EVER, in our history.

Frankly, I’m shocked that ABC is even DARING to mention this.


4 posted on 01/10/2012 10:14:12 AM PST by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: freespirited

GAS WAS $1.85 per gallon on the day when Imam Hussein Obama was Inaugurated!


5 posted on 01/10/2012 10:14:38 AM PST by Gaffer
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To: cuban leaf

I did over 120 per day until I retired at the end of December...I went through new cars like toilet paper, almost...so glad that crap is done with.


6 posted on 01/10/2012 10:16:05 AM PST by Gaffer
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To: Captain PJ

The worst part for me: when I was in high school we filled the tank for two bucks.


7 posted on 01/10/2012 10:18:39 AM PST by freespirited
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To: Gaffer

—I went through new cars like toilet paper, almost...—

That’s my biggest concern. My wife’s 11 year old Chrysler 300M was sideswiped by a large deer about a month ago. She hates driving it now. Mechanically the car is completely undamaged and runs great for a car with 160k miles on it. Really nice interior, too.

So we decided I’d “drive it into the ground” on my commute. Now she drives the Scion xB...


8 posted on 01/10/2012 10:18:53 AM PST by cuban leaf (Were doomed! Details at eleven.)
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To: Captain PJ

not till you pay your fines:

A Fine for Not Using a Biofuel That Doesn’t Exist

http://www.freerepublic.com/focus/f-news/2831059/posts


9 posted on 01/10/2012 10:20:04 AM PST by WOBBLY BOB (Congress: Looting the future to bribe the present.)
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To: freespirited

Cause of high gasoline prices = POTUS Barack Hussein Obama!!! NH Democrat voters, vote for “ABO” (Anybody But Obama)!!! Use Hillary Clinton or any other Democrat on the primary ballot!!! You will stun the world and give your Democrat power brokers what they want, to shove Obama over the side!!! A vote for Obama is a vote to destroy America and “your” Democrat Party!!!

Obama is going down. he will not be re-elected, and....he will take a good portion of the Democrat Party with him into the cesspool of forever obscurity!!!


10 posted on 01/10/2012 10:20:42 AM PST by JLAGRAYFOX
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To: JLAGRAYFOX

Am glad someone here is optimistic!!


11 posted on 01/10/2012 10:21:46 AM PST by freespirited
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To: Gaffer

Tagable... OK with you?

GAS WAS $1.85 per gallon on the day Obama was Inaugurated!


12 posted on 01/10/2012 10:23:47 AM PST by GOPJ (GAS WAS $1.85 per gallon on the day Obama was Inaugurated! - - /freeoer Gaffer)
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To: Gaffer

Really?? Where? It was over $3.00 when GWB was in office.


13 posted on 01/10/2012 10:32:49 AM PST by Moleman
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To: freespirited

I agree.


14 posted on 01/10/2012 10:33:07 AM PST by varmintman
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To: freespirited
When the fed decided they had the legal means to bail out the EU with la la printed money, 5 dollar a gal was on the way. Send them a thank you note.
15 posted on 01/10/2012 10:34:22 AM PST by org.whodat (What is the difference in Newt's, Perry's and Willard's positions on Amnesty.)
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To: freespirited
IMHO the election could be decided by the price of gasoline.

If only they'd report it. In '08 it was THE big issue. Again, under obama - anything goes. If they media actually criticized his failures, he'd be polling at -50

16 posted on 01/10/2012 10:36:18 AM PST by jersey117 (.)
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To: freespirited

FLASHBACK:

Pelosi talks about high gas prices (from 2007)
http://youtu.be/tbzzeuYJteY

Look at who is hovering around in the background, too.


17 posted on 01/10/2012 10:38:49 AM PST by FreedomPoster (Islam delenda est)
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To: Moleman; Gaffer
Really?? Where? It was over $3.00 when GWB was in office.

Don't know if this hot-linked image will display for you, but here you go:

If the chart doesn't come through, go to Gas Price Historical Charts and chose the four year chart.

18 posted on 01/10/2012 11:03:47 AM PST by whd23 (Every time a link is de-blogged an angel gets its wings.)
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To: freespirited

$4 per gallon gas and his dithering on the XL pipeline that will cause Canada to sell their oil to China should be the end of Barry Sotero’s presidency


19 posted on 01/10/2012 11:26:31 AM PST by The Great RJ ("The problem with socialism is that pretty soon you run out of other people's money" M. Thatcher)
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To: freespirited

These people are lying right through their teeth.


20 posted on 01/10/2012 11:27:20 AM PST by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: Captain PJ

Awww poo! Happy days are here again, Happy days are here again. Did you see The Batchlor last night? WOW what a show.

I can’t wait till American Idol is back for a new season. Meanwhile I’ll be watching America’s Funniest Home videos.


21 posted on 01/10/2012 11:30:12 AM PST by Captain7seas (FIRE JANE LUBCHENCO FROM NOAA)
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To: cuban leaf

100 bucks a day when I am working...

Or.. 26,100 dollars worth of gasoline a year.

a small change in fuel costs can save me big over the course of a year.


22 posted on 01/10/2012 11:34:09 AM PST by cableguymn (Good thing I am a conservative. Otherwise I would have to support Mittens like Republicans do.)
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To: whd23

Look at your graph again


23 posted on 01/10/2012 11:36:18 AM PST by Gaffer
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To: Gaffer
I did over 120 per day until I retired at the end of December

I was doing the 120 mile daily round trip last year. Luckily this year I started a new job that requires only about a 50 mile round trip. Nice timing on my part.

24 posted on 01/10/2012 11:37:25 AM PST by the_devils_advocate_666
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To: whd23; Moleman

Sorry. Should have been directed to Moleman


25 posted on 01/10/2012 11:38:54 AM PST by Gaffer
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To: GOPJ

It is unpublicized Public Knowlege Tag away.


26 posted on 01/10/2012 11:41:12 AM PST by Gaffer
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To: freespirited

Isn’t gasoline the USA’s biggest export right now? You’d think if we had all that surplus to export our gas would be cheaper. So ‘they’ answer that it is the global market price that makes our price go up. So if we drilled and got all the oil we needed, our price domestically wouldn’t come down, but would rise to the price countries with no oil would pay? Is that the BS I’m supposed to believe? I smell the light fragrance of a rat.


27 posted on 01/10/2012 12:41:55 PM PST by ThePatriotsFlag
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To: ThePatriotsFlag

Someone correct me if I’m wrong but I think natural gas is the biggest export.


28 posted on 01/10/2012 1:00:14 PM PST by kempo
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To: freespirited

whoa...was the self-starter on the floor ?


29 posted on 01/10/2012 1:00:21 PM PST by stylin19a (obama - "FREDO" smart)
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To: whd23

Thank you so much for the graph. That clears it up!! Cheers


30 posted on 01/10/2012 3:04:12 PM PST by Moleman
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To: kempo

Rush said gasoline... Curious myself.


31 posted on 01/10/2012 3:14:12 PM PST by ThePatriotsFlag
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To: freespirited

First they got us used to $2 gas by raising it to $3 and dropping it back, so we were happy to pat $2. Then they got us used to $3 gas the same way. $4 will be the new normal soon.


32 posted on 01/10/2012 6:52:54 PM PST by Some Fat Guy in L.A. (Go Steelers (what's the baseball team called again?))
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To: Gaffer

Thanks


33 posted on 01/10/2012 8:02:51 PM PST by GOPJ (GAS WAS $1.85 per gallon on the day Obama was Inaugurated! - - freeper Gaffer)
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To: freespirited

The prices above were shown on SF KTVU this morning. They are blocking the prices of the higher grades which were over $5/gallon.

Remember the hate America Enviros have wanted $5/gallon for gas for years. If our economy was recovering, this will drive a wooden stake into its heart!

34 posted on 02/21/2012 11:20:49 AM PST by Grampa Dave (ILLEGAL IMMIGRATION IS DESTROYING AMERICA-LOOK AT WHAT IT DID TO THE WHITE HOUSE!)
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