Price Shock: Watch gas prices jump during 'World News' broadcast

by (▪‿▪)DoctorWhoGuru(▪‿▪) Posted 2012/02/23 03:42:50

Related Topics: ABC News, Gas, Newspaper, ABC, Los Angeles, Gas Prices, Time, Sarah, Network, World News, Image, Shock

Read all 27 opinions

By Sarah Amos

The headlines of major newspapers and TV networks this week have been dominated by rising gas prices.

Drivers across the country have shared their stories on the cost - with many already paying more than $4 a gallon at the pump. There have even been reports of gas prices rising at a rate of 10 to 15 cents in a matter of hours.

Read: How high will gas prices go?

The swiftness at which those gas prices continue to climb was crystal clear Wednesday night during the broadcast of ABC News' "World News with Diane Sawyer."

As ABC News' Cecilia Vega introduced her piece on high gas prices, the sign at the downtown Los Angeles gas station behind her showed the price of regular gas at $4.99 a gallon. However when the piece concluded nearly two minutes later the price of regular gas had jumped 10 cents to $5.09 a gallon.

BEFORE:

AFTER:

Even Vega seemed truly surprised to see such a drastic change in such a short period of time, telling Sawyer that "it is almost too unbelievable to believe."

"It went up 10 cents?" asked Sawyer, herself shocked at what just had occurred.

"Ten cents during that two minutes while we were on the air," confirmed Vega.

Watch the exchange here:

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**StarzAbove** 2012/02/24 00:39:31 (edited)

+4
Gas prices always go up at this time of the year..............SPRING BREAk is coming. And they will go up again when summer approaches. Something needs to be done about the price gouging, that's all it is. Big oil companies wanting more and more of our money. GREED.

We left the house and it was $3.49 and when we returned it had reached $3.69 in about 1/2 hour. It's gouging for sure.

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La 2012/02/23 07:12:06

+2
10 cents is nothing. At the start of the week it was around $1.25 and it went up to $1.52. It's nice to know it will go back down again...it's already started creeping down....I think it's around $1.40 now. But still.....

Does yours go up and down a bit, or only up?

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NatAlex23 2012/02/23 04:54:16 (edited)

+2
The oil industry is worse than the tobacco industry. When cigarette prices go up, it's because the government raised the cigarette tax. When gas prices go up, it's because they cut oil production to spike the prices. Be prepared for $20+/gallon if either Israel or the US bombs Iran.

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Darkitec 2012/02/23 04:52:43

Obama's goal is get gas prices just high enough to make the environmental wacko's happy with out crashing the so called fake recovery.

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NatAlex23 to Darkitec 2012/02/23 04:57:25

+5
And the conservatives want to bomb Iran. And you know how Iran will retaliate? They'll close the Strait of Hormuz, blocking off about 20% of the world's oil supply.

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Idiot r... to NatAlex23 2012/02/23 13:04:25

+3
Don't give them facts, republicans think they control everything in a vacuum, they are like 3 year olds.

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Just me ∞ijm♥G☮F♀U∞ 2012/02/23 04:07:41

+4
I live in Mid-Missouri and I was going to stop and get gas this morning, but was running late and decided to get it after work instead. This morning gas was $3.29 per gallon and tonight it was $3.39. So it cost me an extra $1.50 to fill my tank which it's just a $1.50, and I know it's nothing BUT it really PISSES ME OFF that oil companies are making BILLIONS of $$$ in profit at the expense of the working poor.

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The Govenor 2012/02/23 03:45:11

If you don't like the high gas prices thank a dummacrap or STFU.

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La to The Gov... 2012/02/23 07:13:17

+2
Because all the democrats independently have control over the middle east and their supplying of oil :/

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flrdsgns to The Gov... 2012/02/24 00:44:41

+2
You have no idea what you are talking about. Either pay the price or ride your bicycle

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The Gov... to flrdsgns 2012/02/24 01:28:23

Now there's a good answer, lol. What are all us poor souls gonna do when we can't feed our family because we have to spend $6 a gallon on gas to go to work or run our business? Not every body is a gubbment employee or union bleeder.

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flrdsgns to The Gov... 2012/02/24 01:58:02

+1
But on the plus side, those who can afford to pay it, can drive fast on the freeway because the poor won't be on the road lol.

Seriously, I don't blame Obama for the gas price hikes, I blame the Oil companies shutting down refineries for no other reason than to gouge consumers.

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The Gov... to flrdsgns 2012/02/24 02:04:01

The oil companies make 4 cents a gallon and the gubbment makes 45 cents. Who's the pig?

BTW- I ride a motorcycle so I could care less, lol.

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flrdsgns to The Gov... 2012/02/24 02:18:15

+1
Oil companies have been reporting the largest profits in decades. Gas station owners may only make 4 cents a gallon, but not the oil companies.

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The Gov... to flrdsgns 2012/02/24 02:48:05

Sorry, I stand corrected. Gubbment 48.1 cents a gallon, oil companies 2 cents. Get your facts straight. The gubbment are the crooks. http://www.dailymarkets.com/e...

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flrdsgns to The Gov... 2012/02/24 02:52:49

+1
You might want to recheck those facts of yours. gas stations make roughly 8 to 10 cents a gallon, oil companies are making the bulk of the money. Taxes are taxes, the money goes to maintain the interstate highway system.

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The Gov... to flrdsgns 2012/02/24 03:19:46

Did you read the link? If you did you must be as dumb as a box of rocks. Let me check to see just where those taxes go and what they are used for.

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flrdsgns to The Gov... 2012/02/24 03:39:53

+1
I don't buy the info in that link, the price of gas has gone up over 20 cents in the past 5 days, costs haven't risen that much, they have closed down refineries and choked off the supply. They had a profit of 452.2 billion last year, there isn't enough gas to make that type of profit if they were only making 2 cents per gallon. Sorry, you need to do the math and run the numbers. Numbers don't lie.

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The Gov... to flrdsgns 2012/02/24 02:49:31

BTW- what's wrong with a company making a profit while the gubbment robs us 24,000% more for doing NOTHING.

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flrdsgns to The Gov... 2012/02/24 02:54:50

+1
If you don't like it here, move, very simple. If you don't want to pay taxes, then don't use the public roads, don't send your kids to public schools, don't ever call the fire department or police. Don't expect the military to help defend the country.
Just what is it you have contributed to this country that has made our lives easier or better? I'm sure nothing, so quit whining

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The Gov... to flrdsgns 2012/02/24 03:21:37
flrdsgns to The Gov... 2012/02/24 03:41:17

+1
How do you know what I've contributed. Typical fool, just give out the fox talking points. You're a complete waste of time.

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Reggie☮ 2012/02/23 03:45:11

+3
I wonder how high it will go.

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Idiot repubs 2012/02/23 03:45:06 (edited)

+1
Oil companies want Obama to lose, who's side are you on?

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keymanjim to Idiot r... 2012/02/23 04:34:54

+1
Obama wants oil companies to lose. Who's side are YOU on?

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Idiot r... to keymanjim 2012/02/24 00:51:01

By having them make record profits? You are so full of it, your eyes must be brown.

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keymanjim to Idiot r... 2012/02/24 01:06:13

Do you think that oil companies only get gasoline from oil? Gasoline only makes up about 41% of what is derived from oil. Plastics, asphalt and countless petrochemicals come from oil.
One of my first jobs after I got out of the Navy was working on an old T2 tanker for Sunoco. We carried finished products from Puerto Rico to Marcus Hook, PA. Two of the tanks on that ship carried a product that was so valuable that one load paid for the ship to operate for an entire year. It was a coating for the inside of tire molds to keep the rubber from sticking.
So, oil companies can make record profits while still only making pennies per gallon of gas.

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