Rising Gas Prices

[discouraged]

Good thing I filled up Wednesday because today it was 3.49 - up 20 cents in 2 days. I think Americans are awake, it's congress - and all those folks who have plenty of money who are asleep. Or trying to get rid of lower and middle class and just have the upper echolon.

[Logan]

I for one am glad that I have been driving fuel efficient cars my whole life. It would take alot more than $4 or $5 a gallon to change my habits.

Maybe America will wake up and get off the dependence of oil from terrorists and dictators. I doubt it--we'd just rather invade a country and have our troops sacrifice their lives instead.

Logan

[Freddy03]

I paid $3.31 today! That's 17 cents higher since Wed!!

I have paid a total of $98 this week along on gas for 2 cars!

[helpme2010]

$3.95 SoCal 2-22-11 (will pass $4 within weeks)

I can't believe it, gas was $3.65 just a couple weeks ago. I passed by my local gas station and it was $3.95. This place is by the freeway so it charges a little more, but I now see in the news because of the Libya crisis that they say gas will go up by 30 cents a gallon in a few weeks.

It blows my mind away when I am searching for jobs that companies are paying less money for jobs (about what I was making 10 years ago), yet everything has gone up over the last decade from food to gas to entertainment. How does the middle class survive?

[shark66]

$6.00 is probably not out of the question at all this summer if we get continued unsettledness in the middle east AND a strong storm in the Gulf of Mexico.

I'd honestly rather be paying that in the summer and hopefully be back to some type of normality ($3.00 or whatever) by winter since my house is heated by oil...and even at today's prices ($3.50 for a gallon of heating oil) I'm barely making the ends meet.

Of course, gas at $6 would send everything else flying in the process, but in the summer I can at least pick up fruit and vegetables at the local farms...

Good luck to us all.

[oregonpilot]

well...i saw 3.49 today for regular at many stations. ACK
and i'm in a large city no where near "off the beaten path".

[banca rotta]

$6.00 is probably not out of the question at all this summer if we get continued unsettledness in the middle east AND a strong storm in the Gulf of Mexico.

Not to mention when Ben's qe2 disaster ends in June of this year he will deploy qe3 starting July or August.

He will continue the demise of the dollar.

[discouraged]

Today I paid 3.29 per gallon, last week it was 3.19, which I thought was getting outrageous.

I was offered a job at the lowest pay I've ever been offered (11.50 hr) and I couldn't afford to take it due to the pay and the travel (25 miles). By the end of the week I would have barely made enough to eat at the rate gas is rising. 3 years ago no one would have even jokingly offered me less than 15 hr. Sad, sad situation.

[MSbklawyer]

I think your right, $4.00 right now seems to be the cut off (of course, they said that about $2.00 10+ years ago). One I thing I found interesting in researching electric cars, gas would need to be $6.00 per gallon to make them cost effective (assuming the price per kwh of electricity stays the same). When you factor in the price premium for an electric car vs a high MPG counter part (like Honda Fit, Ford Fiesta etc), and the cost to actually recharge the electric vehicle, the investment only starts making financial sense when gas reaches $6.00+ per gallon, otherwise, you are better off with a high MPG gasoline vehicle.

$6.00 is probably not out of the question at all this summer if we get continued unsettledness in the middle east AND a strong storm in the Gulf of Mexico.

[daylate]

That's really very serious problem of every country.
Gas prices gone up day by day and never go down single cent. I agree with experts and that true its price gone very high in soon time.

Not exactly, or even remotely true-$4 a gallon a couple of years ago; 2.50-2.60 last year or so-prices will fluctuate. After oil peaked at 140/barrel it then commenced to fall to something close to $30 a barrel and if I remember correctly, gas was just around $2 a gallon. Problems in this area include increased demand for oil (and other commodities) in places like China & India,etc. as well as the political turmoil in the Middle East and Africa as well as the role speculators/traders/investors play in setting the price. Bottom line we are too dependent on oil and have to do something about it. Unfortunately lots of the solutions require tremendous capital investment and where exactly does that come from? Get used to the roller coaster in gas & food-it isn't going away. Take solace that our imbecilic government way of calculating inflation says it doesn't exist.

[HHM]

I think your right, $4.00 right now seems to be the cut off (of course, they said that about $2.00 10+ years ago). One I thing I found interesting in researching electric cars, gas would need to be $6.00 per gallon to make them cost effective (assuming the price per kwh of electricity stays the same). When you factor in the price premium for an electric car vs a high MPG counter part (like Honda Fit, Ford Fiesta etc), and the cost to actually recharge the electric vehicle, the investment only starts making financial sense when gas reaches $6.00+ per gallon, otherwise, you are better off with a high MPG gasoline vehicle.

[chicagoannie]

$3.29 here today. And Big Oil shows record profits, again.

If gas prices zoom up to the $4 mark again, based on speculation about the Middle East, I honestly think it will kill whatever smidge of economic recovery might be occurring in the US.

[tobee43]

I actually saw gas for $4:50 close to disney a few weeks ago... if this continues house of cards will crumbling down once again...
Toobee.. I am surrounded by tomato fields here.. the farmers tried so hard to save them, it was awful to see acres and acres of dead plants.....
the gas prices are nothing but pure and simple greed.....

NOOOOOOOOOOO!!!!!!!! please!!!!

[enginegirl]

I actually saw gas for $4:50 close to disney a few weeks ago... if this continues house of cards will crumbling down once again...
Toobee.. I am surrounded by tomato fields here.. the farmers tried so hard to save them, it was awful to see acres and acres of dead plants.....
the gas prices are nothing but pure and simple greed.....

[tobee43]

Consider yourself lucky... we are paying that for regular in S. Florida........

central fl is up to about 3.39 for regular....unreal ...unfair......

and tomatoes are just as expensive!!!