Skip to comments.Gas Prices Continue to Rise
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 Departments 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, GasBuddys 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 Irans 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.
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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?
I drive 94 miles, round trip, every day to work.
2011 we had the HIGHEST GAS PRICES EVER, in our history.
Frankly, I’m shocked that ABC is even DARING to mention this.
GAS WAS $1.85 per gallon on the day when Imam Hussein Obama was Inaugurated!
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.
The worst part for me: when I was in high school we filled the tank for two bucks.
—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...
not till you pay your fines:
A Fine for Not Using a Biofuel That Doesnt Exist
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!!!
Am glad someone here is optimistic!!
Tagable... OK with you?
GAS WAS $1.85 per gallon on the day Obama was Inaugurated!
Really?? Where? It was over $3.00 when GWB was in office.
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
Pelosi talks about high gas prices (from 2007)
Look at who is hovering around in the background, too.
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.
$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
These people are lying right through their teeth.
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.
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.
Look at your graph again
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.
Sorry. Should have been directed to Moleman
It is unpublicized Public Knowlege Tag away.
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.
Someone correct me if I’m wrong but I think natural gas is the biggest export.
whoa...was the self-starter on the floor ?
Thank you so much for the graph. That clears it up!! Cheers
Rush said gasoline... Curious myself.
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.
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!