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GasBuddy News Article

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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
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Gas Prices Predicted To Hit Record $4.25 High By Apri Back to Topics
REPLIES (newest first) Post a Reply
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1006
Champion Author Birmingham

Posts:1,168
Points:1,815,925
Joined:Apr 2008
Message Posted: Feb 21, 2012 6:04:49 PM

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.
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LanguageMan1
Champion Author Tampa

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Joined:Apr 2008
Message Posted: Feb 20, 2012 7:29:06 AM

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.
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tomok
Champion Author Portland

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Message Posted: Feb 20, 2012 12:13:02 AM

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!
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N5EXY
Champion Author Austin

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Message Posted: Feb 19, 2012 10:03:03 PM

259 days until the election.
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Focus2
Champion Author Illinois

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Points:2,111,340
Joined:Mar 2006
Message Posted: Feb 19, 2012 9:13:07 PM

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.
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suzmar
Champion Author Texas

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Message Posted: Feb 19, 2012 9:11:46 PM

Are you nuts Cheney? That would devastate the economy.
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jetskijerry
Champion Author North Carolina

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Message Posted: Feb 19, 2012 9:09:17 PM

And we keep buying it.
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FrankTA2
Champion Author New York

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Message Posted: Feb 19, 2012 9:03:10 PM

They are that high here in NY at many stations for regular.
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cuznchub
Rookie Author Tulsa

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Points:6,995
Joined:Feb 2012
Message Posted: Feb 19, 2012 9:01:54 PM

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.
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kgbellman
Champion Author Ann Arbor

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Message Posted: Feb 19, 2012 9:01:14 PM

Hmm - just in time for spring break and beginning of vacation time
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Cheney
Champion Author Toronto

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Message Posted: Feb 19, 2012 9:00:26 PM

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.
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JimL1
Champion Author Phoenix

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Message Posted: Feb 19, 2012 8:59:29 PM

JUst remember that when their predictions do not come true, they will always have an excuse ready.
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JesseJack52
All-Star Author Virginia Beach

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Message Posted: Feb 19, 2012 8:59:26 PM

ok
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LCSTEELERBOB
Champion Author Gary

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Message Posted: Feb 19, 2012 8:58:26 PM

lets hope not it could set things back
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bettersight
Champion Author Oakland

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Message Posted: Feb 19, 2012 8:57:06 PM

ok
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fenster66
Champion Author Pittsburgh

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Message Posted: Feb 19, 2012 8:56:07 PM

great!
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bba
Sophomore Author Cleveland

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Message Posted: Feb 19, 2012 8:53:43 PM

This is crazy! Those who predict are just paving the way for higher prices.
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LEGION57
Champion Author South Carolina

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Message Posted: Feb 19, 2012 8:52:31 PM

Keep voting demonrat progressive libtard and this is what you get. Go hug a tree.
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clermont40miles
Champion Author Cincinnati

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Message Posted: Feb 19, 2012 8:51:44 PM

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.).
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EVBuddy
Champion Author Nevada

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Message Posted: Feb 19, 2012 8:50:32 PM

Up and Up. Here come the Alternatives
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rf6480
Champion Author Miami

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Message Posted: Feb 19, 2012 8:50:17 PM

Higher than that here last year.
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PoohMcGoo
Champion Author Alabama

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Message Posted: Feb 19, 2012 8:48:15 PM

Here we go again..
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HDFXR1991
All-Star Author Wisconsin

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Message Posted: Feb 19, 2012 8:48:08 PM

Agree 100% with milespergallon!!!
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byoftDad
Champion Author Columbus

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Message Posted: Feb 19, 2012 8:47:38 PM

Nothing new here. they have been saying it for a year now.
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mrreferee
Champion Author Savannah

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Message Posted: Feb 19, 2012 8:41:42 PM

20 percent of my check will be going to petrol
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Hoporrene
Veteran Author Mississippi

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Message Posted: Feb 19, 2012 8:39:01 PM

Start riding bikes!!
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RTrekker
Veteran Author Seattle

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Joined:Jan 2007
Message Posted: Feb 19, 2012 8:38:55 PM

Hang on, we're in for a ride. Or maybe just a walk?
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kgbellman
Champion Author Ann Arbor

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Joined:Mar 2011
Message Posted: Feb 19, 2012 8:38:03 PM

Hmm - just in time for spring break and beginning of vacation time
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phyl81363
Sophomore Author Delaware

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Message Posted: Feb 19, 2012 8:37:46 PM

You are so right milespergallon!!!!
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CostControl
Champion Author San Antonio

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Message Posted: Feb 19, 2012 8:37:19 PM

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!
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judgemobile
Champion Author Ohio

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Message Posted: Feb 19, 2012 8:36:37 PM

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 ?
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mstearno
Champion Author Dayton

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Message Posted: Feb 19, 2012 8:36:23 PM

double dip recession

Certainly Obama will say it's Bush's fault
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dmgas1
Sophomore Author Philadelphia

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Message Posted: Feb 19, 2012 8:31:30 PM

$4.25 by the end of April and $5 by the end of May
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mrbee
Champion Author Little Rock

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Message Posted: Feb 19, 2012 8:30:26 PM

Starting to hurt.
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lesndave
Champion Author Texas

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Joined:May 2011
Message Posted: Feb 19, 2012 8:29:46 PM

Not good news
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Mariuxus
Champion Author Chicago

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Message Posted: Feb 19, 2012 8:29:41 PM

....got to love speculators...
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ricky1111BC
Rookie Author Victoria

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Message Posted: Feb 19, 2012 8:28:37 PM

big oil companies making the money while they can!
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DriverofRed
Champion Author Calgary

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Message Posted: Feb 19, 2012 8:28:23 PM

ok
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Jeeputtputt
Champion Author Ohio

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Message Posted: Feb 19, 2012 8:28:19 PM

can't stand this!!!!!!!
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confetti
Veteran Author Tampa

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Message Posted: Feb 19, 2012 8:21:56 PM

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!
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walkingtall
Champion Author Toronto

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Message Posted: Feb 19, 2012 8:21:45 PM

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.
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LanguageMan1
Champion Author Tampa

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Message Posted: Feb 19, 2012 8:20:48 PM

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.
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ot4kidz
Champion Author Cleveland

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Message Posted: Feb 19, 2012 8:17:38 PM

Keep saying it and it will happen.
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bcok
Champion Author Los Angeles

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Message Posted: Feb 19, 2012 8:13:04 PM

Down with speculators.
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richnc
All-Star Author North Carolina

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Message Posted: Feb 19, 2012 8:12:58 PM

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??
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Feb 19, 2012 8:10:43 PM

milespergallon has a very good point..
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BooHooMI
Champion Author Michigan

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Message Posted: Feb 19, 2012 8:10:09 PM

Bad news.
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Lukus
Champion Author Halifax

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Message Posted: Feb 19, 2012 8:03:51 PM

Oil companies and spectulators making profits.
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JJ763
Champion Author Michigan

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Message Posted: Feb 19, 2012 8:02:23 PM

New topic already
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waynemustang
Champion Author Indiana

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Message Posted: Feb 19, 2012 7:58:44 PM

I remember when they were predicting $5 gasoline. Don't believe them.
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