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Gas Prices Predicted To Hit Record $4.25 High By Apri

Fox Charlotte -- Joe Cannamela says, “It affects everybody."
Cannamela is a hard working man. Three years ago the former long haul truck driver bought himself a limousine and started Bada Bing Limo Service. Now he says if gas prices shoot up as predicted, it will hurt at his bottom line.

Cannamela says, “$4.25 is gonna eat at mine, my clients lines."

The Oil Price Information Service expects gasoline to hit a record $4.25 per gallon by the end of April.

Right now Cannamela spends $30 to $50 dollars in gas per job, and he says if the prediction holds true that figure will rise.

Wells Fargo Economist Mark Vitner says the timing makes it even worse, “The run up in gasoline prices is occurring at a time when we're got very high unemployment and we haven't had a whole lot of income growth."

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Submitted Feb 19, 2012 By: bar1035

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1006 Champion Author Birmingham Posts:1,106 Points:1,371,110 Joined:Apr 2008	Message Posted: Feb 21, 2012 6:04:49 PM Ignore 1006 Report Abuse I must agree, you are right - the added taxes & educed subsidies have trickled up under our noses. and this time Congress is not "investigating .. " as they usually do because they know it's no the Big Oil jacking it around.
LanguageMan1 Champion Author Tampa Posts:11,866 Points:1,689,490 Joined:Apr 2008	Message Posted: Feb 20, 2012 7:29:06 AM Ignore LanguageMan1 Report Abuse Most likely, by April, gas prices will be at or around $4.05 to 4.17 a gallon, so $4.25 would top that and if all the gas taxes are passed, it will certainly happen. You're all paying more now for gas not because of speculation or traders on the commodities markets but from ethanol costing more due to the subsidies being taken away for it and thus the price of ethanol going up, which in-turn boosted up the price of gas you buy. Plus, refineries have been "...closed for maintenance..." which also helps to buoy the price of gas. Take away the excessive taxes and oil and gas would be lower in price. Same for diesel! As it is, I can't afford to buy food as I did just a few weeks ago as prices are up too much now for me. It's happening to too many of us who are poor, not getting food stamps, etc. I don't like Obama, I don't like Bush, I don't like Clinton and I don't like Congress as they've helped to create the mess we have by working for the ultra-wealthy and elitists rather than for me and you and I am really to not like most of the people of this country as well. Too damned many of them voted ALL these people into power, believe their lies, and when they voted for Obama, must have wanted to pay more for gas, oil, electricity, etc., as that's what he said would happen. I'd much rather see Ron Paul in there than anyone else, but you people believe the lies of others, so don't blame anyone but yourselves for $5 a gallon gas when it hits and it will soon enough. Too damned many are Facebooking, Twittering, AdultFriendFindering, etc., not seeking or reading the rest of the story and getting down to the truth of matters and would rather be entertained. It'll be all YOUR fault when things continue to get worse and they continue the lies.
tomok Champion Author Portland Posts:33,600 Points:2,373,210 Joined:Aug 2006	Message Posted: Feb 20, 2012 12:13:02 AM Ignore tomok Report Abuse Gas Prices Predicted To Hit Record $4.25 High By April and along will go the higher cost of doing business. Higher transportation costs, higher food prices, higher goods and services, less profits. Whatever the size or shape of the vehicle is, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using ‘other’ forms of transportation or car pool to lower your cost for personal transportation. The price of fuel at the pump is too high! 12/22/2012!
N5EXY Champion Author Austin Posts:5,639 Points:1,538,005 Joined:Jul 2004	Message Posted: Feb 19, 2012 10:03:03 PM Ignore N5EXY Report Abuse 259 days until the election.
Focus2 Champion Author Illinois Posts:7,910 Points:1,928,475 Joined:Mar 2006	Message Posted: Feb 19, 2012 9:13:07 PM Ignore Focus2 Report Abuse This is all uncalled for! It is not a patriotic thing to take your country down by speculation greedy people that are manipulating the system. We need to hold these people accountable and find out who they are and why they need to drive up the prices. Its called limiting speculation! Its the job of the CFTC and they refuse to do it.
suzmar Champion Author Texas Posts:2,224 Points:897,080 Joined:Jun 2006	Message Posted: Feb 19, 2012 9:11:46 PM Ignore suzmar Report Abuse Are you nuts Cheney? That would devastate the economy.
jetskijerry Champion Author North Carolina Posts:4,041 Points:800,945 Joined:Mar 2011	Message Posted: Feb 19, 2012 9:09:17 PM Ignore jetskijerry Report Abuse And we keep buying it.
FrankTA2 Champion Author New York Posts:4,407 Points:1,121,690 Joined:Jun 2007	Message Posted: Feb 19, 2012 9:03:10 PM Ignore FrankTA2 Report Abuse They are that high here in NY at many stations for regular.
cuznchub Rookie Author Tulsa Posts:11 Points:5,470 Joined:Feb 2012	Message Posted: Feb 19, 2012 9:01:54 PM Ignore cuznchub Report Abuse This is going to effect everyone, it will shut down the country food prices, everything,, it is already hurting the little guy. we don't go anywhere and it's gonna stay that way.
kgbellman Champion Author Ann Arbor Posts:2,859 Points:760,515 Joined:Mar 2011	Message Posted: Feb 19, 2012 9:01:14 PM Ignore kgbellman Report Abuse Hmm - just in time for spring break and beginning of vacation time
Cheney Champion Author Toronto Posts:2,038 Points:2,558,405 Joined:May 2004	Message Posted: Feb 19, 2012 9:00:26 PM Ignore Cheney Report Abuse the correct position is to tax fossil fuel consumption much higher than it is currently. You can't disagree, unless you're living in a cave with a GOP congressman.
JimL1 Champion Author Phoenix Posts:8,319 Points:1,259,470 Joined:Jul 2003	Message Posted: Feb 19, 2012 8:59:29 PM Ignore JimL1 Report Abuse JUst remember that when their predictions do not come true, they will always have an excuse ready.
JesseJack52 All-Star Author Virginia Beach Posts:628 Points:127,835 Joined:Sep 2011	Message Posted: Feb 19, 2012 8:59:26 PM Ignore JesseJack52 Report Abuse ok
LCSTEELERBOB Champion Author Gary Posts:2,961 Points:720,580 Joined:Oct 2008	Message Posted: Feb 19, 2012 8:58:26 PM Ignore LCSTEELERBOB Report Abuse lets hope not it could set things back
bettersight Champion Author Oakland Posts:1,116 Points:255,885 Joined:May 2011	Message Posted: Feb 19, 2012 8:57:06 PM Ignore bettersight Report Abuse ok
fenster66 Champion Author Pittsburgh Posts:3,490 Points:701,790 Joined:May 2011	Message Posted: Feb 19, 2012 8:56:07 PM Ignore fenster66 Report Abuse great!
bba Rookie Author Cleveland Posts:89 Points:2,375,255 Joined:Sep 2005	Message Posted: Feb 19, 2012 8:53:43 PM Ignore bba Report Abuse This is crazy! Those who predict are just paving the way for higher prices.
LEGION57 Champion Author South Carolina Posts:1,676 Points:283,110 Joined:Mar 2011	Message Posted: Feb 19, 2012 8:52:31 PM Ignore LEGION57 Report Abuse Keep voting demonrat progressive libtard and this is what you get. Go hug a tree.
clermont40miles Champion Author Cincinnati Posts:10,759 Points:1,800,570 Joined:Apr 2008	Message Posted: Feb 19, 2012 8:51:44 PM Ignore clermont40miles Report Abuse More speculator baloney to prepare us for what they intend to do TO us. If we pay, it will happen. Decide now how you will deal with this. The rascals will try to make it a reality. Only the consumer can slow them down by not buying as much as they expect. Restoring commodities market is only way to stop speculation but that won't happen with the crew we have in charge now (BHO & Co.).
EVBuddy Champion Author Nevada Posts:16,835 Points:3,059,295 Joined:Sep 2004	Message Posted: Feb 19, 2012 8:50:32 PM Ignore EVBuddy Report Abuse Up and Up. Here come the Alternatives
rf6480 Champion Author Miami Posts:1,584 Points:570,605 Joined:Mar 2011	Message Posted: Feb 19, 2012 8:50:17 PM Ignore rf6480 Report Abuse Higher than that here last year.
PoohMcGoo Champion Author Alabama Posts:3,127 Points:823,335 Joined:Dec 2010	Message Posted: Feb 19, 2012 8:48:15 PM Ignore PoohMcGoo Report Abuse Here we go again..
HDFXR1991 Veteran Author Wisconsin Posts:469 Points:146,930 Joined:Sep 2008	Message Posted: Feb 19, 2012 8:48:08 PM Ignore HDFXR1991 Report Abuse Agree 100% with milespergallon!!!
byoftDad Champion Author Columbus Posts:4,452 Points:1,233,375 Joined:Apr 2005	Message Posted: Feb 19, 2012 8:47:38 PM Ignore byoftDad Report Abuse Nothing new here. they have been saying it for a year now.
mrreferee Champion Author Savannah Posts:1,366 Points:581,230 Joined:Jun 2011	Message Posted: Feb 19, 2012 8:41:42 PM Ignore mrreferee Report Abuse 20 percent of my check will be going to petrol
Hoporrene Veteran Author Mississippi Posts:312 Points:206,970 Joined:Dec 2011	Message Posted: Feb 19, 2012 8:39:01 PM Ignore Hoporrene Report Abuse Start riding bikes!!
RTrekker Sophomore Author Seattle Posts:165 Points:1,086,175 Joined:Jan 2007	Message Posted: Feb 19, 2012 8:38:55 PM Ignore RTrekker Report Abuse Hang on, we're in for a ride. Or maybe just a walk?
kgbellman Champion Author Ann Arbor Posts:2,859 Points:760,515 Joined:Mar 2011	Message Posted: Feb 19, 2012 8:38:03 PM Ignore kgbellman Report Abuse Hmm - just in time for spring break and beginning of vacation time
phyl81363 Sophomore Author Delaware Posts:191 Points:227,250 Joined:Jun 2011	Message Posted: Feb 19, 2012 8:37:46 PM Ignore phyl81363 Report Abuse You are so right milespergallon!!!!
CostControl Champion Author San Antonio Posts:13,518 Points:2,058,080 Joined:Mar 2004	Message Posted: Feb 19, 2012 8:37:19 PM Ignore CostControl Report Abuse MilesPerGallon is right & I have been saying the same thing on here since The Spring of 2004... Crude Oil, Gasoline, Diesel, Home Heating Oil, Aviation Fuels must be moved from Commodities Futures Trading to PUBLIC UTILITIES where prices can be lowered or raised with proper justification by request to State Public Utility Commission... Utilities make a PROFIT & do NOT have to price gouge to do it! EXCESSIVE GREED, EXCESSIVE SPECULATION, SUPPLY MANIPULATION, GRAFT, CORRUPTION is at work & has been sonce 2003! Time for OUR Government to PROTECT WE THE PEOPLE & not make the rich even RICHER AT THE EXPENSE of The MAJORITY of USA Citizens & Consumers! IMHO folks WE ALL will have to get out in mass & PROTEST BOTH ON THE PHONE, ON THE COMPUTER & IN PERSON ON THE STREET similar to the 1970's!
judgemobile Champion Author Ohio Posts:7,705 Points:2,472,635 Joined:Nov 2005	Message Posted: Feb 19, 2012 8:36:37 PM Ignore judgemobile Report Abuse the track record of predictions by so-called "EXPERTS" does not impress me. In May, 2008, they predicted $ 5 at the pump by Labor Day. DID NOT HAPPEN. In May, 2011, they again predicted $ 5 at the pump by Labor day. DID NOT HAPPEN. Why would I believe them this time ?
mstearno Champion Author Dayton Posts:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: Feb 19, 2012 8:36:23 PM Ignore mstearno Report Abuse double dip recession Certainly Obama will say it's Bush's fault
dmgas1 Sophomore Author Philadelphia Posts:122 Points:84,715 Joined:May 2011	Message Posted: Feb 19, 2012 8:31:30 PM Ignore dmgas1 Report Abuse $4.25 by the end of April and $5 by the end of May
mrbee Champion Author Little Rock Posts:3,898 Points:2,494,285 Joined:Oct 2005	Message Posted: Feb 19, 2012 8:30:26 PM Ignore mrbee Report Abuse Starting to hurt.
lesndave Champion Author Texas Posts:3,178 Points:728,855 Joined:May 2011	Message Posted: Feb 19, 2012 8:29:46 PM Ignore lesndave Report Abuse Not good news
Mariuxus Champion Author Chicago Posts:3,892 Points:1,899,255 Joined:May 2007	Message Posted: Feb 19, 2012 8:29:41 PM Ignore Mariuxus Report Abuse ....got to love speculators...
ricky1111BC Rookie Author Victoria Posts:75 Points:216,355 Joined:Dec 2011	Message Posted: Feb 19, 2012 8:28:37 PM Ignore ricky1111BC Report Abuse big oil companies making the money while they can!
DriverofRed Champion Author Calgary Posts:2,313 Points:437,485 Joined:Dec 2011	Message Posted: Feb 19, 2012 8:28:23 PM Ignore DriverofRed Report Abuse ok
Jeeputtputt Champion Author Ohio Posts:3,002 Points:677,465 Joined:Aug 2009	Message Posted: Feb 19, 2012 8:28:19 PM Ignore Jeeputtputt Report Abuse can't stand this!!!!!!!
confetti Veteran Author Tampa Posts:354 Points:372,940 Joined:Jan 2006	Message Posted: Feb 19, 2012 8:21:56 PM Ignore confetti Report Abuse Blame the greedy big government! If you took away the taxes and fees the government tacks onto a gallon of gas, it would cost about half of what we're paying now! (This is according to the article posted on gasbuddy recently, that stated the government rakes in 50 to 73% of the cash on oil leases.) Vote for politicians like Ron Paul, who are faithfully devoted to smaller government, if you ever want to get out of this mess!
walkingtall Champion Author Toronto Posts:4,139 Points:1,149,380 Joined:Nov 2004	Message Posted: Feb 19, 2012 8:21:45 PM Ignore walkingtall Report Abuse Gas prices predicted to hit record $4.25 high by April,it's getting there now look At Los Angeles $4.17 as of today and they say by April $4.25 more like $5.00 and more.
LanguageMan1 Champion Author Tampa Posts:11,866 Points:1,689,490 Joined:Apr 2008	Message Posted: Feb 19, 2012 8:20:48 PM Ignore LanguageMan1 Report Abuse At the rate it's going, it will most likely happen. Plus, it's obviously what people wanted when they gave their vote to Obama as he said that if his agenda was passed, then we'd all be paying more for electricity and energy in-general, and so we are.
ot4kidz Champion Author Cleveland Posts:1,565 Points:783,780 Joined:Jan 2010	Message Posted: Feb 19, 2012 8:17:38 PM Ignore ot4kidz Report Abuse Keep saying it and it will happen.
bcok Champion Author Los Angeles Posts:2,181 Points:1,555,520 Joined:Oct 2005	Message Posted: Feb 19, 2012 8:13:04 PM Ignore bcok Report Abuse Down with speculators.
richnc All-Star Author North Carolina Posts:579 Points:209,985 Joined:Mar 2006	Message Posted: Feb 19, 2012 8:12:58 PM Ignore richnc Report Abuse In the 70's we had the oil embargo. We should have realized that we had no control over oil and our "leaders" should have done something. Also in the 70's the cell phone got its start. It is interesting of how we still have no energy independence but certainly have a lot of cell phones. Suppose it has something to do with oil company lobbyists??
SparkieMi Champion Author Kalamazoo Posts:3,407 Points:616,610 Joined:Sep 2011	Message Posted: Feb 19, 2012 8:10:43 PM Ignore SparkieMi Report Abuse milespergallon has a very good point..
BooHooMI Champion Author Michigan Posts:1,556 Points:344,610 Joined:Sep 2010	Message Posted: Feb 19, 2012 8:10:09 PM Ignore BooHooMI Report Abuse Bad news.
Lukus Champion Author Halifax Posts:8,424 Points:1,702,230 Joined:Nov 2007	Message Posted: Feb 19, 2012 8:03:51 PM Ignore Lukus Report Abuse Oil companies and spectulators making profits.
JJ763 Champion Author Michigan Posts:1,234 Points:289,415 Joined:May 2011	Message Posted: Feb 19, 2012 8:02:23 PM Ignore JJ763 Report Abuse New topic already
waynemustang Champion Author Indiana Posts:6,470 Points:1,691,235 Joined:Nov 2006	Message Posted: Feb 19, 2012 7:58:44 PM Ignore waynemustang Report Abuse I remember when they were predicting $5 gasoline. Don't believe them.