2/14/2012

Gas Prices Expected To Hit $5/Gallon

Posted by Brian
Obama in 2008: "Make sure your tires are properly inflated", "get regular tuneups", "buy a hybrid".
Smartest man to ever be President.
It is an election year.  The $4 mark seems to be the psychological mark fro most Americans. Look for Obama to put a band-aid on the prices by looking to the Strategic Petroleum Reserves again to keep prices under that magic number. If he is reelected, people will be begging for $4 gas.

Gas prices' earliest-ever rise above $3.50 a bad sign for motorists
9:29 a.m. EST, February 14, 2012
American motorists have seen the national average for a gallon of regular gasoline rise above $3.50 a gallon on just three occasions, but it has never happened this early in the year. Analysts say it's likely a sign that pain at the pump will rise to some of the highest levels ever seen later this year.

In 2008, average gasoline prices had hit inflation-adjusted records nationally by the summer, but they didn't climb above $3.50 a gallon across the U.S. that year until April 21, according to the AAA Fuel Gauge Report. It happened again last year, but not until March 6.

But $3.50 a gallon gasoline is already here in 2012, weeks before refineries typically shut down for springtime maintenance, and weeks before the states switch from their less expensive winter blends of gasoline to more complicated and pricier summer blends.

Read More at The Morning Call


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