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GasBuddy News Article

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Forget $5 gas, the new worry is $6 gas: Middle East strife threatens to push prices to record levels

Culturemap Houston -- Could oil expert John Hofmeister's prediction of $5 gas in 2012 be too low? As tensions continue to mount over Iran's nuclear program, some analyst's say . . . well, maybe.

The first two weeks of February already have seen a surprising 18-cent jump in fuel pump prices according to petroleum Lundberg Survey, which charted a national average of $3.69 on Friday.

The online user-generated research group GasBuddy reported a slightly better national average at $3.65 per gallon with Houston clocking in at $3.54 — increases of 31 and 33 cents, respectively, from this time last year.


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Submitted Feb 29, 2012 By: LTVibe
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Forget $5 gas, the new worry is $6 gas: Middle East strife threatens to push prices to record levels Back to Topics
REPLIES (newest first) Post a Reply
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bevmill
Champion Author Georgia

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Message Posted: Feb 29, 2012 6:05:25 PM

Oil is a commodity. Prices are controlled by the market.
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seeyardee
Champion Author Sacramento

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Message Posted: Feb 29, 2012 6:05:04 PM

No sympathy for SUV's.
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phyl81363
Sophomore Author Delaware

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Message Posted: Feb 29, 2012 6:04:55 PM

Whatever
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silverghost2000
Sophomore Author Victoria

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Message Posted: Feb 29, 2012 6:04:33 PM

.
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WillyG
Champion Author Cincinnati

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Message Posted: Feb 29, 2012 6:02:07 PM

It ain't gonna happen. It's election year.
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TDIdave
Champion Author California

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Message Posted: Feb 29, 2012 6:01:06 PM

hmmm.
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mitchell6597
Champion Author New Hampshire

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Message Posted: Feb 29, 2012 5:59:02 PM

More speculation by the speculators, and by the way, what are we supposed to do, stock up now?
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tampacrvdriver
Champion Author Tampa

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Message Posted: Feb 29, 2012 5:57:58 PM

Our country is doomed.
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HDFXR1991
All-Star Author Wisconsin

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Message Posted: Feb 29, 2012 5:55:25 PM

Hold on tight this ride is gonna HURT!
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Rt118E
Champion Author Pennsylvania

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Message Posted: Feb 29, 2012 5:55:09 PM

$6 would cripple our people in the Suburbs & Country
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toadNY
Champion Author Albany

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Message Posted: Feb 29, 2012 5:52:05 PM

Fall back in to a Recession? When did we get out of the Bush Recession? So can you say obamas DEPRESSION!
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vcsuksu21
Champion Author Virginia

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Message Posted: Feb 29, 2012 5:51:52 PM

probably
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swrestler
Champion Author Grand Rapids

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Message Posted: Feb 29, 2012 5:50:30 PM

The Speculators Are At it Again....
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ChuckGVT
Champion Author Vermont

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Message Posted: Feb 29, 2012 5:50:21 PM

nobama has not been good for America. 20 Jan 2013 can't come soon enough. Hopefully their will be something left of this country to rebuild on.
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C.Carpets
Champion Author Oakland

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Message Posted: Feb 29, 2012 5:49:42 PM

Heard yesterday Obama wants Americas cars to run on battery power & not oil & gas. That's why he has stopped the drilling in the Gulf & won't allow the Pipeline to be built. So if you're NOT blaming Obama for high gas prices, you should be.
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ShabbyPA
Champion Author Pennsylvania

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Message Posted: Feb 29, 2012 5:48:31 PM

speculatting again Idiots
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GTSHELBY
All-Star Author Ottawa

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Message Posted: Feb 29, 2012 5:44:56 PM

How can we start a gas war?
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30mpg80
Champion Author Lexington

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Message Posted: Feb 29, 2012 5:41:27 PM

Not for a national average
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walkingtall
Champion Author Toronto

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Message Posted: Feb 29, 2012 5:40:32 PM

Forget $5 gas,the new worry is $6 gas,the economy is going to really slow down.
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sit
Champion Author Cleveland

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Message Posted: Feb 29, 2012 5:40:03 PM

Thanks washington.
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rampower80
Champion Author Kentucky

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Message Posted: Feb 29, 2012 5:38:29 PM

The country will fall back into recession if we hit the $4 per gallon mark and we won't have to worry about $5 or $6 gas, because the recession will correct the pricing of oil, because this isn't a oil shortage driven market. It is fear and speculative driven.
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Beaveronparade
Champion Author Hartford

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Message Posted: Feb 29, 2012 5:34:19 PM

$5 is ridiculous enough & now we have to worry about $6?
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jason98122
Champion Author Seattle

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Message Posted: Feb 29, 2012 5:32:21 PM

I don't understand why we need to worry about 6.00. We should be looking for ways to reduce our consumption and drive effecienies.
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hagar2935
Veteran Author Nevada

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Message Posted: Feb 29, 2012 5:32:01 PM

We have an economy in the USA that is dependent upon the service industry which include travel and leisure. When the cost of fuel peaks at around $6.00, which is very likely with current indications and inflation, our economy will crumble like the proverbial house of cards...............
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warlord1
Champion Author Georgia

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Message Posted: Feb 29, 2012 5:31:44 PM

ok
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bugc
Champion Author Boston

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Message Posted: Feb 29, 2012 5:31:35 PM

any excuse to manipulate

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SBlouch
Champion Author San Antonio

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Message Posted: Feb 29, 2012 5:31:23 PM

There goes the World Economy and another recession.
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TheSnowstorm
Champion Author Montreal

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Message Posted: Feb 29, 2012 5:30:44 PM

At $1.409/litre ($5.33/US gal) currently in Montreal, we are well on our way there. Summer travel and tourism are going to take a real beating.
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princessfifi
Sophomore Author Detroit

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Message Posted: Feb 29, 2012 5:28:11 PM

...then we'll hear complaints about declining tourism. can't go on vacation if you can't afford the gas!!!
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mandoid
Champion Author Alabama

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Message Posted: Feb 29, 2012 5:28:01 PM

he is getting what he wanted - a slow rise in gas prices to european levels

elections have consequences
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mecforyou
Champion Author Iowa

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Message Posted: Feb 29, 2012 5:27:44 PM

I don't thing so now but in the next year or two yes
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katiek9
Sophomore Author Ontario

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Message Posted: Feb 29, 2012 5:26:52 PM

kk
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04coupe
All-Star Author Ontario

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Message Posted: Feb 29, 2012 5:25:47 PM

Can I hear $7 or $8. Please
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nimpy
Champion Author Indianapolis

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Message Posted: Feb 29, 2012 5:18:06 PM

Speculators need to be shot
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mikaye
Champion Author Cleveland

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Message Posted: Feb 29, 2012 5:18:03 PM

this is not news. even if the oil supply was chea and plentiful gas companies use any excuse to raise prices. in the years after katrina gas companies raise prices if a storm is even threatening to come near the rigs even if they never come close. they get away with it so it continues
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shea33
Champion Author Pensacola

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Message Posted: Feb 29, 2012 5:17:07 PM

and we talked about these speculators yesterday
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Stooker
Sophomore Author Ontario

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Message Posted: Feb 29, 2012 5:15:13 PM

nice!
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jb107
Champion Author New Jersey

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Message Posted: Feb 29, 2012 5:10:41 PM

Why is the cost of gas going up when the cost of oil is staying around $100?
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Tucker16
Champion Author Ottawa

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Message Posted: Feb 29, 2012 5:07:34 PM

I can't wait to pay more!!!
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southrob
Champion Author Tucson

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Message Posted: Feb 29, 2012 5:07:20 PM

dhan so we are not relying on them
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sammy518
Champion Author Austin

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Message Posted: Feb 29, 2012 5:06:38 PM

ok
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PhilMils
Champion Author Virginia

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Message Posted: Feb 29, 2012 5:06:30 PM

Probably not as soon as the article would have you believe.
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hybridaholic
Champion Author Appleton

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Message Posted: Feb 29, 2012 5:05:18 PM

Love my Prius. 50+ mpg.
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g747
Champion Author Mobile

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Message Posted: Feb 29, 2012 5:05:00 PM

Mr.President lower these prices quickly!!!!!!!!!!!!!!!!!!!!.
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DCbeachbum
Champion Author South Carolina

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Message Posted: Feb 29, 2012 5:04:56 PM

Here we go again with the check the air pressure in our tires, etc. Okay we got it from the last time the prices spiked. Ask any one with a job and has to drive to get to work, they realize that they are paying more to fill up.
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wulf2000
Champion Author Miami

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Message Posted: Feb 29, 2012 5:04:16 PM

I read this article on the Yahoo News.

According to Secretary Chu administration is OK with high prices.

Here is the link.

http://news.yahoo.com/energy-secretary-chu-admits-administration-ok-high-gas-193900713.html

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dudleydolittle
Champion Author Cleveland

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Message Posted: Feb 29, 2012 5:03:23 PM

Obama doesn't want to mess up his re-election chances, Only thing he is getting what he wanted but much to soon.
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mobil1MN
All-Star Author Minnesota

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Message Posted: Feb 29, 2012 5:03:17 PM

Let's hope it happens before the election so the AMERICANS will wake upas to what OBAMA is trying to do to this country of OURS!!!
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IUVidiot
Champion Author Indiana

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Message Posted: Feb 29, 2012 5:01:23 PM

wow
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jwduke1
Champion Author Iowa

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Message Posted: Feb 29, 2012 4:59:15 PM

At $6, the economy will really come to a screeching halt!
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darkknight1
Champion Author Winston-Salem

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Message Posted: Feb 29, 2012 4:55:50 PM

Good grief!
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