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Gas prices to spike 60 cents or more by May

USA Today -- Get ready for another round of pain at the pump: $4 (or higher) gasoline.

After rising 19 cents a gallon in the past four weeks, regular unleaded gasoline now averages $3.48 a gallon, vs. $3.12 a year ago and $2.67 in February 2010.

Prices could spike another 60 cents or more by May. "I think it's going to be a chaotic spring, with huge price increases in some places," says Tom Kloza of the Oil Price Information Service. Kloza expects average prices to peak at $4.05, although he and other industry trackers say prices could be sharply higher in some markets.

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Submitted Feb 07, 2012 By: Ron77095

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remay Champion Author Houston Posts:5,212 Points:1,758,145 Joined:May 2006	Message Posted: Feb 8, 2012 12:51:43 PM Ignore remay Report Abuse repost: http://www.gasbuddy.com/Forum_MSG.aspx?msg_pg=4&master=1&category=1357&topic=482224&page_no=1&fav=N Topic: Gas prices to spike 60 cents or more by May Message Posted: Feb 6, 2012 12:17:57 AM After rising 19 cents a gallon in the past four weeks, regular unleaded gasoline now averages $3.48 a gallon, vs. $3.12 a year ago and $2.67 in February 2010. Tom Kloza of the Oil Price Information Service expects average prices to peak at $4.05, although he and other industry trackers say prices could be sharply higher in some markets. Visit USA TODAY for full article
SavingInNC Champion Author North Carolina Posts:4,134 Points:741,030 Joined:Oct 2006	Message Posted: Feb 8, 2012 5:49:44 AM Ignore SavingInNC Report Abuse Greedy pigs
gawxnative All-Star Author Atlanta Posts:507 Points:185,430 Joined:Aug 2006	Message Posted: Feb 8, 2012 5:48:20 AM Ignore gawxnative Report Abuse Great...just great
mike1881 All-Star Author Fayetteville Posts:699 Points:257,805 Joined:Feb 2011	Message Posted: Feb 8, 2012 5:07:38 AM Ignore mike1881 Report Abuse GREAT! FML.
wild3bill Champion Author New York Posts:2,191 Points:1,499,925 Joined:Nov 2005	Message Posted: Feb 8, 2012 1:37:26 AM Ignore wild3bill Report Abuse Time to drtive a Sherman Ant5i-Trust spike through the heart of the Big Oil Monopoly
chuckwthompson Champion Author Charlotte Posts:1,870 Points:214,410 Joined:Sep 2011	Message Posted: Feb 8, 2012 1:18:04 AM Ignore chuckwthompson Report Abuse It will happen, it is just a matter of time.
Jeff4U Champion Author Atlanta Posts:6,551 Points:1,488,470 Joined:Nov 2004	Message Posted: Feb 8, 2012 1:15:19 AM Ignore Jeff4U Report Abuse Nope, it's not gonna happen.
kkimes All-Star Author Illinois Posts:844 Points:1,181,785 Joined:Sep 2005	Message Posted: Feb 8, 2012 12:37:57 AM Ignore kkimes Report Abuse That's 30 cents because of the price of crude and 30 cents for the bottom line of the oil companies because they know they can get away with it. Thanks Republicans.
Vette1967 Champion Author Albany Posts:4,157 Points:916,355 Joined:Jun 2009	Message Posted: Feb 8, 2012 12:13:39 AM Ignore Vette1967 Report Abuse Not if we keep conserving.
52MPG Champion Author Dayton Posts:5,430 Points:1,380,305 Joined:Apr 2006	Message Posted: Feb 8, 2012 12:12:47 AM Ignore 52MPG Report Abuse Oil is down. Why are gas prices up?
must87searcher Champion Author Maryland Posts:7,159 Points:1,417,725 Joined:Apr 2008	Message Posted: Feb 7, 2012 11:49:48 PM Ignore must87searcher Report Abuse With these raising gas prices this year, a lot of drivers will have too face a lot of stress. I may be lucky, due to this fracture in my hand. After having an operation, the amount of driving will probably go down.
joekayak All-Star Author Massachusetts Posts:756 Points:405,790 Joined:May 2010	Message Posted: Feb 7, 2012 11:16:19 PM Ignore joekayak Report Abuse I wonder if the government has any plans to prevent this by releasing fuel from the strategic reserves.
GT3186 Champion Author Salem Posts:1,255 Points:267,005 Joined:Aug 2011	Message Posted: Feb 7, 2012 10:37:05 PM Ignore GT3186 Report Abuse hold on to your wallet, it could be a rough ride!
qwerty17 Champion Author New Jersey Posts:2,037 Points:771,050 Joined:Oct 2009	Message Posted: Feb 7, 2012 10:25:13 PM Ignore qwerty17 Report Abuse won't happen.
amerk73 Champion Author Dallas Posts:5,210 Points:1,256,880 Joined:Oct 2008	Message Posted: Feb 7, 2012 10:00:49 PM Ignore amerk73 Report Abuse old news
jjjleblanc Champion Author Rochester Posts:4,719 Points:1,196,080 Joined:Jun 2008	Message Posted: Feb 7, 2012 9:36:56 PM Ignore jjjleblanc Report Abuse Yikes
TomT2Lee Champion Author Cincinnati Posts:4,207 Points:1,263,795 Joined:Sep 2005	Message Posted: Feb 7, 2012 7:52:09 PM Ignore TomT2Lee Report Abuse This really should not come as a surprise. Big O and the rest of the professional politicians have dug a debt hole that the US can never recover from. The federal reserve has to keep devaluing the US dollar to prevent a collapse as long as possible. The irony is the longer they interfere, the more devastating the collapse will be.
alterman156 Champion Author New York Posts:5,605 Points:1,193,650 Joined:Dec 2008	Message Posted: Feb 7, 2012 7:26:50 PM Ignore alterman156 Report Abuse I'm not happy about that.
PathfinderSC Champion Author South Carolina Posts:7,696 Points:1,468,965 Joined:Mar 2008	Message Posted: Feb 7, 2012 6:59:04 PM Ignore PathfinderSC Report Abuse That just makes you want to give up.
hoosierva All-Star Author Indianapolis Posts:980 Points:237,215 Joined:Jul 2011	Message Posted: Feb 7, 2012 4:00:00 PM Ignore hoosierva Report Abuse it is all planned, give an appearance of trying to keep it all under control. Masterminds working overtime to keep everyone in the dark.
LEGION57 Champion Author South Carolina Posts:1,470 Points:245,500 Joined:Mar 2011	Message Posted: Feb 7, 2012 3:40:51 PM Ignore LEGION57 Report Abuse Well odumbo will claim its all Bush's fault.
fullcirclethink Champion Author Washington Posts:1,682 Points:130,870 Joined:Jun 2009	Message Posted: Feb 7, 2012 3:35:16 PM Ignore fullcirclethink Report Abuse From the article: "This year's earlier-than-usual run-up is more about anticipation than current supply and demand." I think a more accurate word instead of 'anticipation' would be the word 'FEAR' or maybe 'GREED'! It seems to drive everything these days..... And, humblepie: Exactly! Obama Spring indeed! But, don't be misled. This is just another of his campaign promises to see energy costs necessarily skyrocket fulfilled to the delight of his followers. Nothing like having a messiah that is also a prophet and a priest!!!
djwhit Champion Author Ohio Posts:1,316 Points:863,055 Joined:Jul 2009	Message Posted: Feb 7, 2012 2:05:48 PM Ignore djwhit Report Abuse YES AND A/BL WAS 90.00 AND A/BL TODAY 96.00 A/BL AND 3.45 A/GAL.........
MOREDLEG All-Star Author Missouri Posts:732 Points:259,770 Joined:May 2011	Message Posted: Feb 7, 2012 1:36:40 PM Ignore MOREDLEG Report Abuse This is really gonna suck. I have alerady seen the prices go up 18 cents since 1 Feb
humblepie Champion Author Toledo Posts:17,248 Points:2,007,270 Joined:Mar 2006	Message Posted: Feb 7, 2012 1:20:54 PM Ignore humblepie Report Abuse we could call this "THE OBAMA SPRING"
Cothrom All-Star Author South Carolina Posts:610 Points:382,195 Joined:Sep 2005	Message Posted: Feb 7, 2012 1:20:06 PM Ignore Cothrom Report Abuse Sigh
Ron77095 Champion Author Houston Posts:1,210 Points:238,575 Joined:Sep 2011	Message Posted: Feb 7, 2012 1:18:39 PM Ignore Ron77095 Report Abuse Grrrr!