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GAS, $3.00 WOW!!!
ItGoBang
Member Posts: 1,529 ✭✭✭✭✭
if OPEC votes to cut another 5 percent from its output, unleaded gas prices could reach the "upper limits of $2.75 to $3 this summer," said John Person, head financial analyst at Infinity Brokerage Services....
SAN FRANCISCO (CBS.MW) -- Get ready to dig deeper into your pockets at the gas station this summer: $3 per gallon gasoline could be headed to a pump near you.
Paying the ultimate price
While Infinity's Person sees prices peaking at $3 in some metro areas in the worst of circumstances, OPIS' Kloza sees average prices rising above $2 but reaching the high-$2 range for only a brief period if at all. If any region sees prices near $3 a gallon, it would be already high-priced markets like California and Chicago and would occur only after a refinery outage or two, he said.
"The gasoline market will have an irregular heartbeat ... racing at times and resemble brachyadia at others," Kloza said. "The overall retail average for the year will be the highest ever," but there will a huge gap between the highest and lowest prices, which could still run as low as $1 a gallon in some states.
Fimat's Kilduff said it would be difficult for average prices to climb much higher than $2. "Some sort of government intervention would occur at levels around $2.25," he said, though he did accept the possibility of $3 gas in certain snag-prone areas, such as California.
Enercast's Ameko argued that federal and state politicians would likely intercede rather than sit idly by should prices skyrocket.
"Going into an election year, $3 retail prices would spell disaster," Ameko said. He doesn't expect demand to be strong enough to lift prices above $2.25, and suggested prices will average around $2.15.
It will hurt you, More than it will hurt me..
Life Member..NRA,
American Legion, MECU, MWCA, SMSC, NASDS, IDPA
Thanks for all the help!
IN GOD WE TRUST! *And don't use Pay Pal!
SAN FRANCISCO (CBS.MW) -- Get ready to dig deeper into your pockets at the gas station this summer: $3 per gallon gasoline could be headed to a pump near you.
Paying the ultimate price
While Infinity's Person sees prices peaking at $3 in some metro areas in the worst of circumstances, OPIS' Kloza sees average prices rising above $2 but reaching the high-$2 range for only a brief period if at all. If any region sees prices near $3 a gallon, it would be already high-priced markets like California and Chicago and would occur only after a refinery outage or two, he said.
"The gasoline market will have an irregular heartbeat ... racing at times and resemble brachyadia at others," Kloza said. "The overall retail average for the year will be the highest ever," but there will a huge gap between the highest and lowest prices, which could still run as low as $1 a gallon in some states.
Fimat's Kilduff said it would be difficult for average prices to climb much higher than $2. "Some sort of government intervention would occur at levels around $2.25," he said, though he did accept the possibility of $3 gas in certain snag-prone areas, such as California.
Enercast's Ameko argued that federal and state politicians would likely intercede rather than sit idly by should prices skyrocket.
"Going into an election year, $3 retail prices would spell disaster," Ameko said. He doesn't expect demand to be strong enough to lift prices above $2.25, and suggested prices will average around $2.15.
It will hurt you, More than it will hurt me..
Life Member..NRA,
American Legion, MECU, MWCA, SMSC, NASDS, IDPA
Thanks for all the help!
IN GOD WE TRUST! *And don't use Pay Pal!
Comments
TOOLS
General TOOLS RRG
Don't go blaming the beer. Hank Hill
So much Ice, So much Beer. So little time. Shooter4
I don't have an anger problem. I have an idiot problem. Hank Hill
When I was a child, I thought as a child. But now that I am grown, I just wish I could act like a child and get away with it.
That oughtta cheer you boys up....................
It will hurt you, More than it will hurt me..
Life Member..NRA,
American Legion, MECU, MWCA, SMSC, NASDS, IDPA
Thanks for all the help!
IN GOD WE TRUST! *And don't use Pay Pal!
That's where I'm goin'.[:D]
BW
IT'S WHAT PEOPLE KNOW ABOUT THEMSELVES THAT MAKES THEM AFRAID.
Thats what the news sources say, so our local distributors will raise it to meet that goal, it will take a little while.
I see it going up a nickle a week, till it hits that mark.[:(!]
Bolt
PEACE THROUGH SUPERIOR FIREPOWER
We're men. Its our God given right to watch sports and smut" - Al Bundy
"It is hard to soar with Eagles when your surrounded by Turkeys"
"I dont care how thin you make a pancake, it still has two sides"
"A wise man is a man that realizes just how little he knows.
As long as no one is complaining in an organized manner the prices will keep going up. Also as long as Joe Credit Card self absorbed America has cash in their pocket and a me, me, me attitude...........prices will just keep climbing as long as we just keep paying.
Pack slow, fall stable, pull high, hit dead center.
May God have mercy upon my enemies, because I won't.
- General George Patton Jr
Pack slow, fall stable, pull high, hit dead center.
The statistics on sanity are that one out of every four Americans is suffering from some form of mental illness. Think of your three best friends. If they're okay, then it's you.
Rita Mae Brown
Jason
Proud NRA member
"The constitutions of most of our states assert that all power is inherent in the people; that...it is there right and duty to be at all times armed."
Thomas Jefferson 1824
The gene pool needs chlorine.
Pack slow, fall stable, pull high, hit dead center.
I learned at a young age; Don't say "I can't"; say "I'll try!"
Pack slow, fall stable, pull high, hit dead center.
NRA Life Member ---"A pocket knife, a clean hankey, and a pistol... things I can use." - Ted Nugent
wrench
Now, it turns out that there weren't any WMD and we aren't even getting a deal on Oil? I am sure someone is making out--Haliburton?? but what are we doing? God bless our troops and I hope they all return safely and soon.
Now, it turns out that there weren't any WMD and we aren't even getting a deal on Oil? I am sure someone is making out--Haliburton?? but what are we doing? God bless our troops and I hope they all return safely and soon.
Sold in All countries except the U.S.
Turbo charged 4 cylinder DIESEL pickup. Great torque and gas mileage.
Why is it not imported here?