Gas Prices' Earliest-Ever Rise Above $3.50 A Bad Sign For Motorists...

[paulitician]

American motorists have seen the national average for a gallon of regular gasoline rise above $3.50 a gallon on just three occasions, but it has never happened this early in the year. Analysts say it's likely a sign that pain at the pump will rise to some of the highest levels ever seen later this year.

In 2008, average gasoline prices had hit inflation-adjusted records nationally by the summer, but they didn't climb above $3.50 a gallon across the U.S. that year until April 21, according to the AAA Fuel Gauge Report. It happened again last year, but not until March 6. But $3.50 a gallon gasoline is already here in 2012, weeks before refineries typically shut down for springtime maintenance, and weeks before the states switch from their less expensive winter blends of gasoline to more complicated and pricier summer blends.

"This definitely sets the stage, potentially, for much higher prices later this year," said Brian L. Milne, refined fuels editor for Telvent DTN, a commodity information services firm. "There's a chance that the U.S. average tops $4 a gallon by June, with some parts of the country approaching $5 a gallon."

The average Gas Price at Obama's Inauguration: $1.84 per gallon.

Gas prices are rising fast. - mcall.com
» Average Gas Price at Obama

 

[GuyPinestra]

It'll be $6 by the end of summer...

 

[paulitician]

It'll be $6 by the end of summer...

Man, that would suck.

 

[occupied]

Life would be so much simpler if the president had the control over gas prices people sometimes attribute to them.

 

[Luissa]

While the Oil companies make record profits.

Lets kiss their ass a little bit more, it seems to be really working for us.

 

[Trajan]

they make record profits on volume of sales......hello.

their profit margin is approx. 9-11%.

 

[Luissa]

they make record profits on volume of sales......hello.

their profit margin is approx. 9-11%.

I feel bad for them.......I really do.

 

[Ed Spacer]

No more global market.drill our own oil,kick the chinese off the coast of florida

 

[Ed Spacer]

The price of oil is high because OPEC sets it upon mutual agreement to support shitty third world economies.

 

[Euro]

American motorists have seen the national average for a gallon of regular gasoline rise above $3.50 a gallon on just three occasions, but it has never happened this early in the year. Analysts say it's likely a sign that pain at the pump will rise to some of the highest levels ever seen later this year.

In 2008, average gasoline prices had hit inflation-adjusted records nationally by the summer, but they didn't climb above $3.50 a gallon across the U.S. that year until April 21, according to the AAA Fuel Gauge Report. It happened again last year, but not until March 6. But $3.50 a gallon gasoline is already here in 2012, weeks before refineries typically shut down for springtime maintenance, and weeks before the states switch from their less expensive winter blends of gasoline to more complicated and pricier summer blends.

"This definitely sets the stage, potentially, for much higher prices later this year," said Brian L. Milne, refined fuels editor for Telvent DTN, a commodity information services firm. "There's a chance that the U.S. average tops $4 a gallon by June, with some parts of the country approaching $5 a gallon."

The average Gas Price at Obama's Inauguration: $1.84 per gallon.

Gas prices are rising fast. - mcall.com
» Average Gas Price at Obama

It is a result of a failed foreign policy. US has a trade embargo with both Cuba and Iran, large supliers of oil. The oil price rised after the trade block with iran.

The solution is to remove those embargos and open for more free trade and free market, that will get the prices down. Trade with Cuba and Iran and prices will go down. Government regulations on who US are to trade with rams the consumers with higher prices.

 

[Soggy in NOLA]

they make record profits on volume of sales......hello.

their profit margin is approx. 9-11%.

I feel bad for them.......I really do.

Actually, you shouldn't even be thinking about it.. move on and focus on "Big Cosmetic".. their profit margins are much higher.

 

[DontBeStupid]

American motorists have seen the national average for a gallon of regular gasoline rise above $3.50 a gallon on just three occasions, but it has never happened this early in the year.

If only there was a way to get around without using gas.

Oh, but that would be Socialism.

 

[Ed Spacer]

Alternative energy no replacement

 

[rightwinger]

I think if we gave more tax breaks to oil companies they would hire more people and cut their prices

 

[GuyPinestra]

they make record profits on volume of sales......hello.

their profit margin is approx. 9-11%.

Oil company profits: A perspective
Earnings, Revenues, Profits (Billions) for selected companies, recent quarter, 2005
Source: Bloomberg News, reported in AAPG Explorer Dec. 2005
Company Net Profit Revenue Profit Margin
Citigroup (banking) $7.1 $21.5 33%
Microsoft $3.1 $9.7 32%
Coca-Cola $1.3 $6.0 21%
Procter & Gamble $2.0 $14.8 14%
General Electric $4.7 $41.6 11%
ExxonMobil $9.9 $92.6 11%
ConocoPhillips $3.8 $48.7 8%
IBM $1.5 $21.5 7%
Chevron $3.6 $51.1 7%
Wal-Mart $2.8 $76.8 4%

Oil industry average profit margin is about 8.2%; (3rd Q. '05)
for all US industry, the average is about 6.8%.
Profits in the oil industry were easily outpaced by those of the
Pharmaceuticals, Banks, Household Products, Software, Telecommunications,
Semiconductors, Consumer Services, and Food, Beverage and Tobacco sectors.

And they pay an average of 20% of revenue in taxes and royalties...

 

[paulitician]

Allow me to translate Obama-Bot Bullshite...'High Gas Prices under DA BOOOOOOOSH = BAAAAAD. High Gas Prices under the Dear Leader = GOOOOOD!' You're welcome.

 

[BreezeWood]

The price is being manipulated by exporting American refined products to S America - so why do the Republicans continue to give Tax Breaks to the Oil Co.s ???

 

[Remodeling Maidiac]

American motorists have seen the national average for a gallon of regular gasoline rise above $3.50 a gallon on just three occasions, but it has never happened this early in the year. Analysts say it's likely a sign that pain at the pump will rise to some of the highest levels ever seen later this year.

In 2008, average gasoline prices had hit inflation-adjusted records nationally by the summer, but they didn't climb above $3.50 a gallon across the U.S. that year until April 21, according to the AAA Fuel Gauge Report. It happened again last year, but not until March 6. But $3.50 a gallon gasoline is already here in 2012, weeks before refineries typically shut down for springtime maintenance, and weeks before the states switch from their less expensive winter blends of gasoline to more complicated and pricier summer blends.

"This definitely sets the stage, potentially, for much higher prices later this year," said Brian L. Milne, refined fuels editor for Telvent DTN, a commodity information services firm. "There's a chance that the U.S. average tops $4 a gallon by June, with some parts of the country approaching $5 a gallon."

The average Gas Price at Obama's Inauguration: $1.84 per gallon.

Gas prices are rising fast. - mcall.com
» Average Gas Price at Obama

That pic is too damn funny.

 

[Ed Spacer]

We are still $3.47

 

[paulitician]

We are still $3.47

That's still high. But i hope it doesn't go up on you.