Not Logged In Log In   Sign Up   Points Leaders
Follow Us    5:23 AM

GasBuddy News Article

38
votes
Will We See $5 Gasoline This Year?

cnbc -- Gasoline prices rose to a near four-month high in the U.S. Tuesday, fueled by a number of refinery closures.

(Read More: Refinery Closures Send Gas Prices to Near 4-Month High)

The Automobile Association of America reported that national retail prices for regular gasoline are up 13 percent to an average $3.748 a gallon from a month ago, up from $3.604 a week ago and up 5 percent from the same period a year ago.

About one million barrels per day of refining capacity has been taken off line on the East Coast and St. Croix, as the industry responds to low margins and shrinking demand. In January, Hess announced plans to close its Port Reading, N.J., refinery, while refinery shutdowns and planned repairs have cut into gasoline supplies in many parts of the country.


Read the Full Article

Submitted Feb 20, 2013 By: loloTX
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Will We See $5 Gasoline This Year? Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
Amplion
Champion Author Oregon

Posts:9,458
Points:2,439,605
Joined:Sep 2005
Message Posted: Feb 20, 2013 11:32:04 PM

YES !!!!
Profile Pic
rcornel
Champion Author San Diego

Posts:1,958
Points:685,875
Joined:Jun 2012
Message Posted: Feb 20, 2013 7:12:41 PM

It's here in SoCal already.
Profile Pic
qwerty17
Champion Author New Jersey

Posts:5,782
Points:1,690,220
Joined:Oct 2009
Message Posted: Feb 20, 2013 6:28:36 PM

nope.
Profile Pic
humblepie
Champion Author Toledo

Posts:57,296
Points:2,973,545
Joined:Mar 2006
Message Posted: Feb 20, 2013 5:17:05 PM

heck yes, enjoy those obamanomics
Profile Pic
slowtrain
Champion Author Georgia

Posts:6,147
Points:1,543,590
Joined:Aug 2008
Message Posted: Feb 20, 2013 4:48:04 PM

I saw where they had it in California already.
Profile Pic
Tacodan
Champion Author Cincinnati

Posts:4,829
Points:1,232,855
Joined:Apr 2011
Message Posted: Feb 20, 2013 4:16:20 PM

yes
Profile Pic
FuelPump
Champion Author Los Angeles

Posts:24,090
Points:4,014,525
Joined:Apr 2003
Message Posted: Feb 20, 2013 3:30:49 PM

Unless there is some sort of leash put on speculators, there is little doubt in my mind that we will see that $5.00 gallon of gasoline this year. Perhaps this Spring.
Profile Pic
Chinto12
Champion Author Illinois

Posts:1,852
Points:716,560
Joined:Jan 2012
Message Posted: Feb 20, 2013 3:29:08 PM

Obama's plan is working
Profile Pic
TheDix
Champion Author Ontario

Posts:3,546
Points:851,475
Joined:Dec 2009
Message Posted: Feb 20, 2013 3:25:08 PM


gas prices dropped .08 cents/litre at some stations today.
Profile Pic
mycar2
Champion Author Akron

Posts:4,251
Points:2,921,275
Joined:Apr 2004
Message Posted: Feb 20, 2013 3:23:00 PM

greed will drive the price, they all have good excuses
Profile Pic
BarryAClarke
Veteran Author Indiana

Posts:451
Points:71,820
Joined:Oct 2007
Message Posted: Feb 20, 2013 3:22:21 PM

Each year over the past ten years, "big Oil" has been gradually raising gasoline prices. They raise them until the public hit’s the roof over high prices, then they pull back but not at previous lows. First it was the one dollar mark, then two, then three, and finally last year the puff of methane hit the fan at around $4.65. Now, this year they are starting earlier and I will wager that they have the $5.00 per gallon in their sights because the driving public are already use to the $4.00 per gallon gasoline from last year. Next will come the $6.00 mark and this will be in about three years. Thank you President Obama for letting speculators run amok on Wall Street………
Profile Pic
BossPal
Champion Author Illinois

Posts:2,472
Points:757,305
Joined:Mar 2012
Message Posted: Feb 20, 2013 3:21:47 PM

We all are resposible,and if we keep buying gas at the higher price they will continue to raise the price..forcing some to switch to buying electric cars,which would make oil lose some profits and therefore raise the price of gas even higher and higher forcing more people to buy more alternative fueled cars (CNG,Hybryd,Electric) therfore creating more jobs.... yeah right. just a thought LOL
Profile Pic
carefrey
Champion Author Orlando

Posts:7,957
Points:1,738,920
Joined:Sep 2009
Message Posted: Feb 20, 2013 3:21:27 PM

Lets just hope we do not see $4.00 a gallon!
Profile Pic
tpguess
Champion Author San Diego

Posts:3,771
Points:916,635
Joined:Jan 2012
Message Posted: Feb 20, 2013 3:21:20 PM

We will in San Diego...
Profile Pic
highdesertman
Champion Author Albuquerque

Posts:4,898
Points:2,250,860
Joined:Mar 2005
Message Posted: Feb 20, 2013 3:20:34 PM

Refineries off-line for repairs and maintenance will reopen. Demand is still shrinking. Except for the usual culprits, like California, most of the country will not likely see $4 gas this year, much less $5.
Profile Pic
Baron62nd
Champion Author Illinois

Posts:9,668
Points:2,250,970
Joined:Sep 2007
Message Posted: Feb 20, 2013 3:20:26 PM

There is a surplus of crude, there is a surplus supply of refined fuel, and it hit $4.059 here in the P.R.I.
Profile Pic
skysteve1
Champion Author Victoria

Posts:3,837
Points:968,740
Joined:Jul 2011
Message Posted: Feb 20, 2013 3:19:46 PM

As per CBC TV last night
Profile Pic
xtremecheap
All-Star Author Arkansas

Posts:994
Points:375,310
Joined:Jun 2011
Message Posted: Feb 20, 2013 3:19:24 PM

Under his regulations "energy prices will necessarily skyrocket".
Profile Pic
skysteve1
Champion Author Victoria

Posts:3,837
Points:968,740
Joined:Jul 2011
Message Posted: Feb 20, 2013 3:19:21 PM

So how come Canada sells crude to the USA 30% cheaper ???
Profile Pic
spdude
All-Star Author Oakland

Posts:975
Points:748,585
Joined:Mar 2006
Message Posted: Feb 20, 2013 3:18:37 PM

Wouldn't shock me.
Profile Pic
skysteve1
Champion Author Victoria

Posts:3,837
Points:968,740
Joined:Jul 2011
Message Posted: Feb 20, 2013 3:18:29 PM

hope it come down
Profile Pic
skysteve1
Champion Author Victoria

Posts:3,837
Points:968,740
Joined:Jul 2011
Message Posted: Feb 20, 2013 3:18:05 PM

I have been paying that here
Profile Pic
flatrock14
Champion Author Michigan

Posts:4,555
Points:1,342,310
Joined:Oct 2010
Message Posted: Feb 20, 2013 3:17:37 PM

put people back to work raise fuel prices ha
Profile Pic
DMG86
Sophomore Author Dallas

Posts:117
Points:171,065
Joined:May 2007
Message Posted: Feb 20, 2013 3:15:53 PM

I hope not!
Profile Pic
sjhman
Veteran Author Atlanta

Posts:429
Points:755,275
Joined:Sep 2008
Message Posted: Feb 20, 2013 3:15:52 PM

No
Profile Pic
srchr
Champion Author San Jose

Posts:9,798
Points:2,206,265
Joined:Apr 2008
Message Posted: Feb 20, 2013 3:15:15 PM

it's already here
Profile Pic
Zeke33
Champion Author New Hampshire

Posts:7,516
Points:2,040,605
Joined:Sep 2005
Message Posted: Feb 20, 2013 3:14:06 PM

Obummer would welcome it.
Profile Pic
BossPal
Champion Author Illinois

Posts:2,472
Points:757,305
Joined:Mar 2012
Message Posted: Feb 20, 2013 3:13:34 PM

.
Profile Pic
Runabout2
All-Star Author Grand Rapids

Posts:652
Points:77,505
Joined:Jul 2007
Message Posted: Feb 20, 2013 3:13:26 PM

If we do, then we need to march on Washington ! And kick every blood sucking SOB out of capital hill ! These greedy bastards have hurt enough people !
Profile Pic
BeaconLite
Champion Author Ottawa

Posts:4,945
Points:919,200
Joined:Sep 2009
Message Posted: Feb 20, 2013 3:11:53 PM

I woould not be surprise thans to the speculators.
Profile Pic
joezIN
Champion Author Gary

Posts:3,691
Points:822,310
Joined:May 2011
Message Posted: Feb 20, 2013 3:11:11 PM

yes
Profile Pic
nru
Champion Author Twin Cities

Posts:5,759
Points:1,580,975
Joined:Feb 2006
Message Posted: Feb 20, 2013 3:09:38 PM

nooooo
Profile Pic
tonoplast
Champion Author Lexington

Posts:2,328
Points:921,260
Joined:Apr 2011
Message Posted: Feb 20, 2013 3:08:42 PM

Big Oil is already demonstrating that if less fossil is used, they will just raise the price to compensate for lessened demand. But electric cars are one way the public could bypass Big Oil to some degree, WHEN AND IF electric cars become affordable for citizens with average incomes.
Profile Pic
Joeatcret
All-Star Author South Carolina

Posts:539
Points:67,035
Joined:Dec 2011
Message Posted: Feb 20, 2013 3:07:11 PM

We will see a rip-job as usual this year.
Profile Pic
flsharktooth
Champion Author Jacksonville

Posts:1,466
Points:1,140,890
Joined:Apr 2011
Message Posted: Feb 20, 2013 3:06:57 PM

what a bunch of crap. all for $$$$
Profile Pic
101Speedster
Champion Author Ventura

Posts:31,636
Points:2,859,905
Joined:May 2005
Message Posted: Feb 20, 2013 3:05:25 PM

This will cause more people to buy electric cars.
Profile Pic
gas_too_high
Champion Author Columbus

Posts:15,122
Points:2,520,395
Joined:Aug 2005
Message Posted: Feb 20, 2013 3:04:10 PM

'About one million barrels per day of refining capacity has been taken off line on the East Coast and St. Croix, as the industry responds to low margins and shrinking demand."

"Shrinking demand?" You mean, because we are using less gasoline, we are being punished with higher prices??

GTH
Profile Pic
rtown
Rookie Author Phoenix

Posts:61
Points:569,120
Joined:Apr 2007
Message Posted: Feb 20, 2013 3:03:59 PM

They got you used to $2 and hung around. Then it was $3 and then $4. Why not $5? Blame it on...
Profile Pic
EssexAdri
Champion Author Jacksonville

Posts:1,191
Points:291,355
Joined:Jul 2010
Message Posted: Feb 20, 2013 3:03:26 PM

see my post in regard to this weeks poll for part of the problem.
Profile Pic
TxPDawg
Champion Author Austin

Posts:1,423
Points:888,940
Joined:Mar 2011
Message Posted: Feb 20, 2013 3:02:48 PM

ok
Profile Pic
defense
Champion Author Grand Rapids

Posts:1,598
Points:1,470,340
Joined:May 2004
Message Posted: Feb 20, 2013 3:02:46 PM

If you really want to slow the economy raise the minimum wage to $9.00 and raise the price of gas to over $5.00 per gal. That will bring it to a crawl. The higer minimum wage will put alot of small business people out of business. You think we have high unemployment now. This is nothing to what you can expect.
Profile Pic
singlemom27
Champion Author Ventura

Posts:5,647
Points:1,231,475
Joined:Apr 2011
Message Posted: Feb 20, 2013 3:01:04 PM

Like we have any say in the matter...
Profile Pic
MacDad614
Champion Author Atlanta

Posts:4,965
Points:1,679,990
Joined:Aug 2008
Message Posted: Feb 20, 2013 3:00:18 PM

SHUT YOUR MOUTH!

The GREEDY oil companies are looking for people to pave the way to higher and higher profits for them. So far, the press has done a great job at letting the consumer know that it will be "inevitable" that gas prices will continue increasing ... and their obscene profits, also.

STOP DRINKING THE TEA. THIS IS NOT POLITICAL!

[Edited by: MacDad614 at 2/20/2013 4:00:54 PM EST]
Profile Pic
tstoney
Champion Author Ogden

Posts:1,217
Points:900,150
Joined:Feb 2011
Message Posted: Feb 20, 2013 2:59:59 PM

No question, our President has been pushing for this
Profile Pic
hibsaw
Champion Author Mississippi

Posts:10,646
Points:2,281,590
Joined:Feb 2008
Message Posted: Feb 20, 2013 2:59:41 PM

Come cnbc. Give us the real reason fuel prices are so high. You sound like the speculators using lame excuses for the high prices.
Profile Pic
defense
Champion Author Grand Rapids

Posts:1,598
Points:1,470,340
Joined:May 2004
Message Posted: Feb 20, 2013 2:59:04 PM

I'm sure the oil companies will be happy to oblige you.
Profile Pic
BigDartMike
All-Star Author Ohio

Posts:654
Points:314,175
Joined:Dec 2011
Message Posted: Feb 20, 2013 2:57:35 PM

Seems if you can think it, it is possible! why stop at $5/gal??
Profile Pic
DrLyon
Champion Author Michigan

Posts:8,622
Points:1,753,365
Joined:May 2006
Message Posted: Feb 20, 2013 2:56:14 PM

Hope not...
Profile Pic
coolbreeze1111
Sophomore Author Greensboro

Posts:241
Points:228,220
Joined:Dec 2011
Message Posted: Feb 20, 2013 2:54:04 PM

Probably
Profile Pic
tidalwave3
Champion Author Tallahassee

Posts:2,501
Points:2,020,290
Joined:Jun 2008
Message Posted: Feb 20, 2013 2:52:41 PM

Yes and possibly $6 a gallon by end of summer THANKS to those that voted Obama & BiteMe back in. In 2008 he said multiple times he would not mind seeing this scenario so as to slow car use. But this will also slow the economy :(
Post a reply Back to Topics