$4.50 gas prices predicted next summer

[OhioChick]

Posted: 9:43 AM

Think gas prices are high now? Just wait for peak driving season next summer.

The Oil Price Information Service says nationwide gas prices could average a record $4.50 a gallon by early summer, 2012.

That's based on the price of oil now, and the fact that prices increase every spring as demand and miles driven increases.

Oil prices unusually high right now.
Crude oil is currently at $95 a barrel, a record for November, when demand is traditionally low.

More: http://www.newsnet5.com/dpp/money/consumer/dont_waste_your_money/450-gas-prices-predicted-next-summer1320849331609

[Autumn]

1. Stop the oil speculating.

Now.

[crazylikafox]

2. Of course, just in time for the election.

Run up the price of gas & take down the economy, in order to manipulate the election. You think these things happen by accident?

[no_hypocrisy]

3. I remember gas prices dramatically *lowered* right before the 2004 and 2008 elections.

[Historic NY]

4. Its all part of the "get him out plan".

[kestrel91316]

6. [phone]

[sarcasmo]

5. Speculators screwing the populace.

[Autumn]

7. If only there were something Obama and the Dems could

try to do to stop speculating.:think:

[Shagbark Hickory]

10. He should try to encourage speculating....

Speculating in bullet trains and alternative energies.

But he's not.

[WI_DEM]

8. They actually have dropped over a dollar since earlier this year, but I suppose the oil companies

will try to make sure they are high next summer to help defeat Obama.

[Shagbark Hickory]

9. Why would they want to do that?

He's been great to them.

[Autumn]

14. Yes he has

:rofl: I think if they took care of this little problem that screws us they would be killing the goose that lays their golden eggs.

[sarcasmo]

20. Over 4 dollars next October would be my guess.

[NightWatcher]

11. but Obama JUST ok'd more drilling in Alaska and the Gulf

this speculation nonsense has go to end

[negativenihil]

12. that's it?

$4.50 is what i have been assuming will be the LOW end of next summer's gas prices. We're gonna charge to and past $5 and not look back...

[ThatsMyBarack]

13. Five....

Five dollar....

Five dollar gasoline....

[Abin Sur]

15. Glad I just bought a Civic hybrid, given my 70 mile daily commute!

[Shagbark Hickory]

16. Is anyone else relieved by this?

I mean, we've had $4.50 gas just this past summer. A couple years back we had $5 gas.
Now if you said $7 gas, then I'd be worried fo shizzle.

[moondust]

17. Doesn't it hit the poor the hardest?

Folks who have to drive their "older" used car to get to their minimum wage job?

[Shagbark Hickory]

19. Of course. It hits everyone hard.

Especially since we don't have any alternative means of getting around and we're stuck driving vehicles that get half the MPGs that they do in other continents. And especially since most of us live in sprawling slobburbias.

Don't get me wrong, I'm not saying I like $4.50 gas. These prices are hurting me personally.

[Motown_Johnny]

18. Big Oil Running up prices right before the election? Come On! What are the chances of that?

100% ?

[sarcasmo]

21. 100% is right on the money.