Gas Prices Top $4 In Two Metro Areas

[HK4U]

Once they top $4 can $5 be far behind.

Gas Prices Top $4 In Two Metro Areas - Automotive News Story - KXAS | Dallas


Gas Prices Top $4 In Two Metro Areas
2 Weeks Time Brings 17-Cent Gas Price Climb

POSTED: 7:12 am CDT May 19, 2008
UPDATED: 9:53 am CDT May 19, 2008


CAMARILLO, Calif. -- Gas prices have climbed big-time.

A nationwide survey found that the average for self-serve regular has climbed 17 cents from two weeks ago to $3.79 a gallon.

Analyst Trilby Lundberg said that's 61 cents higher than it was about a year ago.

Lundberg said for the first time, the average price for regular has topped $4 in two metropolitan areas.

It's $4.07 a gallon in Chicago, which had the nation's highest average price, and $4.01 on New York's Long Island.

The analyst said the national average for regular could reach $4.00 or more in a few weeks.

Of the cities surveyed, the cheapest price was in Tucson, Ariz., where a gallon of regular cost $3.48 on average.

Oil prices rose Monday on the news of $4-a-gallon gas.

Investors brushed off news of increased production from Saudi Arabia on Friday, the same day oil prices punched through another per-barrel trading record.

The world's leading oil producer promised an additional 300,000 barrels of crude a day as President George W. Bush wrapped up a meeting Friday with Saudi Arabia's King Abdullah.

But that and the U.S. move to temporarily stop filling government stockpiles did little to restrain soaring prices.

[whiskey]

in SE Connecticut it's flirting with $4.00/gal! :angry2:

[NDS]

This will not end well. I'm guessing the prices will peak within the next 4-12 weeks somewhere near $5 then move back down to the $3.50 to $4 range. Then, just like the last time gas prices climbed quickly, everyone will breathe a sigh of relief and claim that at least the price is now low enough to live with.

People can talk themselves into accepting that level without a problem. They will never suspect, will probably deny it is possible, how they have been manipulated.

That's my pair of cents worth less than the metal it takes to make them.:Poep:

[gordo]

In many small, remote towns around Death Valley, the price is well over 4.00 a gallon.

[Scarecrow]

yes here are the days when the gas goes down to 3.50 a gallon... that is cheap... cheap? what the heck are people smoking?