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2012 gas prices head for record?

~ The Rebel ~ 2012/08/15 18:33:19
Gasoline prices are up sharply in the past month on surging crude oil costs and
refinery woes, and now are likely to make 2012 the costliest year ever at the
pump.

Nationally, gasoline averages $3.70 a gallon — up 30 cents
since mid-July and is now higher than year-ago levels in 39 states. Prices are
likely to continue climbing through August, with little relief until after Labor
Day
.

Even with demand expected to recede after the peak
summer driving season, 2012 will surpass last year's price, says Brian Milne of
energy tracker Telvent DTN .


The run-up comes at a time when prices typically have
peaked for the year, and just weeks after decreasing demand and slowing
worldwide economic growth pushed prices well off 2012 highs. The trend had
prompted some industry experts to forecast $3 a gallon gasoline by autumn. Now,
Milne expects a top at about $3.90 before dropping in September.


Motorists in the Midwest are already paying that much, or
more.

Read More: http://www.usatoday.com/money/industries/energy/st...

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Opinions

  • HOMBRE 2012/08/23 01:48:07
    HOMBRE
    +1
    God we need Romney in the White House like yesterday
  • Nancy~PWCM~JLA~POTL 2012/08/23 01:46:05
    Nancy~PWCM~JLA~POTL
    +1
    how convenient. The government tends to regulate every other aspect of our lives and somehow they cannot get a stronghold on this government and world wide dibacle. Apparently it does not effect them as it does the rest of us and they do not realize that the average person worldwide depends on oil in so many ways to get them to work to fuel their homes to run a business etc...It is a cat and mouse they play to make people squirm.

    Their lame excuses are not a fair assessment for dramatic price changes. It is all carefully controlled. Make no mistake
  • Scott 2012/08/15 18:36:47
    Scott
    +1
    It's OK. ABC, NBC, CBS, CNN haven't told anyone to get pissed yet, so it's OK.

    You see Obama WANTS us to pay a lot more for gas. It's cool and European to pay outrageous prices for gas. It's even more cool when there are some simple things that could be done that would drop the cost of oil dramatically, but that doesn't fit the plan to "fundamentally change America".

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