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GasBuddy News Article

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Forget $5 gas, the new worry is $6 gas: Middle East strife threatens to push prices to record levels

Culturemap Houston -- Could oil expert John Hofmeister's prediction of $5 gas in 2012 be too low? As tensions continue to mount over Iran's nuclear program, some analyst's say . . . well, maybe.

The first two weeks of February already have seen a surprising 18-cent jump in fuel pump prices according to petroleum Lundberg Survey, which charted a national average of $3.69 on Friday.

The online user-generated research group GasBuddy reported a slightly better national average at $3.65 per gallon with Houston clocking in at $3.54 — increases of 31 and 33 cents, respectively, from this time last year.


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Submitted Feb 29, 2012 By: LTVibe
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Forget $5 gas, the new worry is $6 gas: Middle East strife threatens to push prices to record levels Back to Topics
REPLIES (newest first) Post a Reply
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KAR120CSII
Champion Author Oregon

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Points:999,550
Joined:Apr 2010
Message Posted: Mar 2, 2012 12:45:56 AM

Agree with you Gold -- Big Oil and should care about taxpayers. Our taxes pay their subsidies, our sailors and soldiers protect their ships and wells, and our politicians cover their a****s -- but it won't last forever.
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silverghost2000
Sophomore Author Victoria

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Message Posted: Mar 1, 2012 9:06:13 PM

.
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goldrose1
Champion Author Cleveland

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Message Posted: Mar 1, 2012 7:34:51 PM

Many people on this site need to Wake UP!
It doesn't matter how much oil we drill here in USA.

If Big Oil can get more money for it overseas, they'll ship petroleum products refined from our oil where ever they want.
Big Oil charges as much as it can to whoever will pay. If rest of world will pay more to have our refined oil shipped to them, Big Oil will charge them.

Why should Big Oil care about US taxpayers?
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ssect8
Champion Author Hartford

Posts:10,119
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Joined:Jun 2006
Message Posted: Mar 1, 2012 3:46:13 PM

The USA needs to drill more, but the clueless citizens elected an even more clueless president and democraps into office so they only have themselves to blame.
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DrLyon
Champion Author Michigan

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Message Posted: Mar 1, 2012 12:11:53 PM

Stop the greed....
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CDMAuto
Champion Author Connecticut

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Joined:Apr 2011
Message Posted: Mar 1, 2012 12:20:59 AM

Why not just shoot for $7.00 while were at it........ Keep the GREED going for the GREEDY
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Beau2140
Champion Author New York

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Message Posted: Mar 1, 2012 12:19:56 AM

I hope it won't happen.
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sjambok
Champion Author Nashville

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Message Posted: Mar 1, 2012 12:15:26 AM

I read something that said the US tapped on some banking system in the UAE to stop doing transactions on the sale of Iranian oil. That should make things more interesting...

I wonder if the stations have enough 5's to go around... It's getting close in my temp location on the west coast. The highest gas is 4.49, lowest 4.10 (San Jose)
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millerin
Champion Author Orlando

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Message Posted: Mar 1, 2012 12:14:25 AM

too much
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Wierbe
Champion Author Cincinnati

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Message Posted: Mar 1, 2012 12:13:59 AM

It could happen, but I sure hope not.
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Alfied
Champion Author Riverside

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Message Posted: Mar 1, 2012 12:13:47 AM

Up and down, up and down, makes the world go around.
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LilRedWagonIN
Champion Author Indiana

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Message Posted: Mar 1, 2012 12:13:39 AM

Newt is promising over a dollar drop. I could promise over half that if federal and state taxes were removed.
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heartbroken2010
Champion Author Ottawa

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Points:1,382,635
Joined:Aug 2010
Message Posted: Mar 1, 2012 12:13:25 AM

were so close to $6. CDN up here , it's scary. ( $5.72 CDN a gallon now ) .
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RambleOn
Champion Author New York

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Message Posted: Mar 1, 2012 12:13:03 AM

This is the big one Elizabeth. I'm comin to join you. I'll be the one standin next to that great big gas pump and no money to pay for it.

-Fred G Sanford (and the "G" stands for "Gas prices killed me")
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jimgraham
Champion Author Akron

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Message Posted: Mar 1, 2012 12:12:33 AM

When / if we get $6 gas -

Let the revolution begin.
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quasar502
Champion Author Lansing

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Message Posted: Mar 1, 2012 12:10:51 AM

Horse Puckey. The economy will collapse long before that.
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TheSicilian
Champion Author Jacksonville

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Message Posted: Mar 1, 2012 12:09:43 AM

get rid of obummer and maybe we can get our country back and lower gas prices
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pastorpaulcg
Champion Author Virginia

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Message Posted: Mar 1, 2012 12:09:19 AM

Government wants high prices so we'll buy electric cars (only how will the electricity be produced?)
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olive2trvl
Sophomore Author Philadelphia

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Points:659,565
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Message Posted: Mar 1, 2012 12:08:52 AM

Speculation and greed notwithstanding, we in the U.S. pay a comparitively low amount for gass as compared to other nations' drivers.
As much as I was to pay as little as possible I just don't get anxious.
Fuel in much of Europe, Australia, and other countries alreadu pay $ 6 to 8 per gallon.
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LoneGuy
Champion Author Lansing

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Message Posted: Mar 1, 2012 12:08:52 AM

This seems to be the payoff for voting in "Yes we can" three years ago. I tried to stop it but many followed the Pied Piper. We now provide little of our own oil from federal lands and the offshore is not occupied by US companies because of government control.
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HEBster
Champion Author Kentucky

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Message Posted: Mar 1, 2012 12:08:48 AM

Juzz wait till summer...
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lesndave
Champion Author Texas

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Message Posted: Mar 1, 2012 12:07:09 AM

up, up , up and away.................
remember to vote!!!!
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LuvEd08
All-Star Author Georgia

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Message Posted: Mar 1, 2012 12:07:04 AM

Why worry about $6 when we can worry about $10? Someone has a palace to paint.
Worrying gets you nowhere, where's a long-term plan of action?
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Toppers
Champion Author Atlanta

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Message Posted: Mar 1, 2012 12:06:56 AM

Time'll tell...
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dancygreen
Champion Author Twin Cities

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Message Posted: Mar 1, 2012 12:06:41 AM

ridculous
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DEG
Champion Author Las Vegas

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Message Posted: Mar 1, 2012 12:05:53 AM

If Obama is reelected we will be seeing $10+/gallon gas by 2016.
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thuathienhue
Champion Author Michigan

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Message Posted: Mar 1, 2012 12:05:33 AM

Let's just bankrupt North America. Remember to vote.
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regout
Champion Author Quebec

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Message Posted: Mar 1, 2012 12:05:31 AM

We will walk and the ecomony will suffer.
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kgbellman
Champion Author Ann Arbor

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Message Posted: Mar 1, 2012 12:03:17 AM

ouch
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jetlagAK
Champion Author Anchorage

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Message Posted: Mar 1, 2012 12:02:12 AM

If you re-elect BO, gas will be $10/gallon during his second reign of terror.

Nobama2012!
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BCM1
Champion Author Pennsylvania

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Message Posted: Mar 1, 2012 12:01:09 AM

ahhhhhhh
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kgbellman
Champion Author Ann Arbor

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Message Posted: Feb 29, 2012 11:58:48 PM

ouch
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min_fuel
Champion Author Philadelphia

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Message Posted: Feb 29, 2012 11:58:01 PM

Build the Keystone XL and Drill in the USA
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PAborn54
All-Star Author Milwaukee

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Message Posted: Feb 29, 2012 11:57:44 PM

Finally land a job & soon won't be able to afford gas to put in the car to get to it.
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EmperorsFinest
Champion Author Chicago

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Message Posted: Feb 29, 2012 11:57:33 PM

The price will continually rise until we all refuse to pay it!
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gd83goldwinger
Champion Author South Bend

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Joined:May 2011
Message Posted: Feb 29, 2012 11:57:10 PM

At the rate things are going yes worry.
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scrounger
Champion Author Vancouver

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Message Posted: Feb 29, 2012 11:56:43 PM

and then 7 or 8 or more
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danreino
Champion Author Twin Cities

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Message Posted: Feb 29, 2012 11:55:55 PM

Yes of course. And I am the sole owner of the Brooklyn Bridge.
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OOXXFF
Champion Author Greensboro

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Message Posted: Feb 29, 2012 11:54:57 PM

Bad News.
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Throroughbred
Champion Author Cleveland

Posts:1,031
Points:1,210,770
Joined:Jun 2007
Message Posted: Feb 29, 2012 11:54:22 PM

Say it isn't so, PLEASE!!!!
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Kaiyne
Champion Author Chicago

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Points:937,920
Joined:Feb 2011
Message Posted: Feb 29, 2012 11:48:06 PM

This is bullsh-t! I guess pretty soon we won't be able to pay for food because of the prices set by speculators.
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tidalwave3
Champion Author Tallahassee

Posts:2,391
Points:1,915,540
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Message Posted: Feb 29, 2012 11:47:33 PM

Nobama said in 2008 he wanted $5 per gallon but wouldn't mind $6 per gallon and if he gets elected with that, US is history :(
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jessek
Champion Author Detroit

Posts:2,657
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Message Posted: Feb 29, 2012 11:44:51 PM

And next week we'll be told to worry about $7 gas!
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erik_8
All-Star Author Toronto

Posts:560
Points:937,505
Joined:Sep 2011
Message Posted: Feb 29, 2012 11:44:37 PM

Wow! Stop driving.
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melvindale
Champion Author Michigan

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Points:351,230
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Message Posted: Feb 29, 2012 11:40:09 PM

Wow! Almost exactly my comments from a few days ago.
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cloud23465
Champion Author Virginia Beach

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Message Posted: Feb 29, 2012 11:34:04 PM

My GOD #&%&*& take that psyco *#%&*@ in iran out and be done with it!
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tippybuddy
Champion Author Ontario

Posts:1,523
Points:207,740
Joined:Feb 2011
Message Posted: Feb 29, 2012 11:33:45 PM

again I agree with treeguy...we're already over 5.00 a gallon in Ontario and likely other Cdn cities...I still blame the stock market people
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boldrph
Champion Author Topeka

Posts:20,996
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Message Posted: Feb 29, 2012 11:31:44 PM

economy improving, demand increasing
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mgune9
All-Star Author Dallas

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Joined:Feb 2012
Message Posted: Feb 29, 2012 11:28:39 PM

This is not "supply and demand". The rules put in place to gurad against speculators still aren't in place and wall street is looking to block ever seeing them started. These prices are "greed" pure and simple. The future contract owners never intend to take delivery - they are looking to "turn" them over for profits only.
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LegoVasavouchi
Champion Author Oklahoma

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Joined:Apr 2011
Message Posted: Feb 29, 2012 11:28:30 PM

Fascinating.
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