Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:56 PM

GasBuddy News Article

55
votes
Gas Prices Predicted To Hit Record $4.25 High By Apri

Fox Charlotte -- Joe Cannamela says, “It affects everybody."
Cannamela is a hard working man. Three years ago the former long haul truck driver bought himself a limousine and started Bada Bing Limo Service. Now he says if gas prices shoot up as predicted, it will hurt at his bottom line.

Cannamela says, “$4.25 is gonna eat at mine, my clients lines."

The Oil Price Information Service expects gasoline to hit a record $4.25 per gallon by the end of April.

Right now Cannamela spends $30 to $50 dollars in gas per job, and he says if the prediction holds true that figure will rise.

Wells Fargo Economist Mark Vitner says the timing makes it even worse, “The run up in gasoline prices is occurring at a time when we're got very high unemployment and we haven't had a whole lot of income growth."


Read the Full Article

Submitted Feb 19, 2012 By: bar1035
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Gas Prices Predicted To Hit Record $4.25 High By Apri Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
DEG
Champion Author Las Vegas

Posts:19,696
Points:3,933,805
Joined:Jul 2003
Message Posted: Feb 19, 2012 8:45:26 PM

Under Obama we have had the highest sustained unemployment. Under Obama we have had a $1+ trillion deficit each year. Obama railed at Bush fro increasing the federal deficit by around $4 trillion in 8 years; he is on pace to do at least that much in four years.
Profile Pic
jdc17327
Champion Author Pennsylvania

Posts:2,648
Points:204,030
Joined:May 2009
Message Posted: Feb 19, 2012 8:44:26 PM

okay
Profile Pic
themaninthehat
Champion Author New Orleans

Posts:1,824
Points:472,265
Joined:Feb 2011
Message Posted: Feb 19, 2012 8:43:14 PM

Time will tell.
Profile Pic
bigsranch
Champion Author Houston

Posts:3,751
Points:1,159,060
Joined:Apr 2007
Message Posted: Feb 19, 2012 8:38:16 PM

The ironic part is that Obama supporters generally are hurt the most by his misguided policies that raise gas prices.
Profile Pic
rpr77
Champion Author Philadelphia

Posts:6,145
Points:1,224,245
Joined:Mar 2011
Message Posted: Feb 19, 2012 8:37:01 PM

This is not good
Profile Pic
jdc17327
Champion Author Pennsylvania

Posts:2,648
Points:204,030
Joined:May 2009
Message Posted: Feb 19, 2012 8:36:27 PM

YEAH, my butt hurts already!
Profile Pic
DrLyon
Champion Author Michigan

Posts:8,314
Points:1,635,540
Joined:May 2006
Message Posted: Feb 19, 2012 8:33:42 PM

There goes the vacation travel...
Profile Pic
Steady325
Champion Author Orange County

Posts:4,773
Points:1,915,510
Joined:Nov 2008
Message Posted: Feb 19, 2012 8:33:30 PM

recession, now depression
Profile Pic
skyking19
Champion Author Little Rock

Posts:2,726
Points:2,069,745
Joined:Jan 2007
Message Posted: Feb 19, 2012 8:33:23 PM

One step forward two steps back! :(
Profile Pic
darkknight1
Champion Author Winston-Salem

Posts:6,490
Points:1,352,135
Joined:Nov 2010
Message Posted: Feb 19, 2012 8:31:44 PM

Here comes the Great Depression 2!
Profile Pic
AKmailman
Champion Author Alaska

Posts:7,814
Points:2,010,095
Joined:Jul 2004
Message Posted: Feb 19, 2012 8:30:52 PM

energizer bunny cars are not the answer -
government taxes and royalty on oil are
Profile Pic
Red7002011
Champion Author Mississippi

Posts:5,499
Points:1,123,850
Joined:Jul 2011
Message Posted: Feb 19, 2012 8:30:27 PM

Really!
Profile Pic
jorod55
Champion Author California

Posts:3,631
Points:887,415
Joined:Dec 2011
Message Posted: Feb 19, 2012 8:29:50 PM

Maybe a "Hostile Takeover" is in order?
Profile Pic
Prozac4me
Rookie Author Huntsville

Posts:25
Points:1,054,055
Joined:Jul 2010
Message Posted: Feb 19, 2012 8:29:24 PM

All this is going to do is cause everything else to go up in cost (due to shipping), and we'll never see the retail prices come back down.. That's why are dollar is worthless, it can't buy anything!
Profile Pic
Dsin44
Champion Author Abbotsford

Posts:1,338
Points:304,755
Joined:Apr 2011
Message Posted: Feb 19, 2012 8:28:57 PM

gonna get a Leaf plus solar charger... had enough of this
Profile Pic
my2002m
Champion Author Tulsa

Posts:8,158
Points:2,122,390
Joined:Jul 2008
Message Posted: Feb 19, 2012 8:25:33 PM

Not good for the economy. If the prices are too high we could have another recession.
Profile Pic
eswi
Champion Author Madison

Posts:4,674
Points:1,138,230
Joined:Mar 2009
Message Posted: Feb 19, 2012 8:24:51 PM

OK
Profile Pic
Taurus1
Champion Author Ohio

Posts:4,807
Points:2,063,255
Joined:Apr 2006
Message Posted: Feb 19, 2012 8:24:07 PM

When a prediction is made, does the economy try to make it true?
Profile Pic
danreino
Champion Author Twin Cities

Posts:9,828
Points:1,838,480
Joined:Mar 2008
Message Posted: Feb 19, 2012 8:23:02 PM

The Great Recession continues. Get ready for a REAL worldwide economic collapse !
Profile Pic
ftsgt
Champion Author Illinois

Posts:14,049
Points:2,821,795
Joined:Dec 2004
Message Posted: Feb 19, 2012 8:22:24 PM

I sure hope not
Profile Pic
V8power
Champion Author Pennsylvania

Posts:4,975
Points:1,835,875
Joined:Oct 2005
Message Posted: Feb 19, 2012 8:21:34 PM

No kidding.
Profile Pic
danlanman
Champion Author North Carolina

Posts:5,424
Points:1,175,155
Joined:May 2011
Message Posted: Feb 19, 2012 8:20:32 PM

old news
Profile Pic
fltdoc
Champion Author Oklahoma

Posts:11,445
Points:2,011,500
Joined:Oct 2008
Message Posted: Feb 19, 2012 8:19:32 PM

It hurts everyone's bottom line.
Profile Pic
saleboss
Champion Author Phoenix

Posts:4,061
Points:1,201,965
Joined:Feb 2006
Message Posted: Feb 19, 2012 8:19:10 PM

Record high gas will affect everyone's bottom line, and send the US back into recession!
Profile Pic
methaneman
Champion Author Minnesota

Posts:4,288
Points:1,668,455
Joined:May 2002
Message Posted: Feb 19, 2012 8:16:58 PM

Fix this in Novenber!
Profile Pic
9C1
Champion Author Chicago

Posts:25,053
Points:4,701,040
Joined:Jul 2001
Message Posted: Feb 19, 2012 8:15:57 PM

More fuel for the speculators.
Profile Pic
ACTown
Champion Author Oregon

Posts:2,399
Points:1,694,195
Joined:Jun 2007
Message Posted: Feb 19, 2012 8:15:06 PM

another reason that the government and Obama has lost control
Profile Pic
babyjudy
Champion Author Tucson

Posts:5,052
Points:1,018,260
Joined:Sep 2011
Message Posted: Feb 19, 2012 8:11:55 PM

I would have thought the regular limousine-riding set able to afford a higher price. Sorry for the man in the article.
Profile Pic
Bullseye520
Champion Author Louisville

Posts:4,315
Points:1,113,645
Joined:Apr 2011
Message Posted: Feb 19, 2012 8:05:37 PM

You didn't expect this?
Profile Pic
JENNYHK
Champion Author Chicago

Posts:5,794
Points:1,163,220
Joined:Apr 2011
Message Posted: Feb 19, 2012 8:03:29 PM

I am glad I do not have a car.
Profile Pic
TDIdave
Champion Author California

Posts:5,866
Points:1,642,095
Joined:May 2006
Message Posted: Feb 19, 2012 7:53:32 PM

hmmm.
Profile Pic
SUPERQUACK
Champion Author Sacramento

Posts:6,457
Points:2,282,080
Joined:Jun 2007
Message Posted: Feb 19, 2012 7:53:13 PM

HOW ABOUT 5.25
Profile Pic
jb107
Champion Author New Jersey

Posts:11,693
Points:3,074,225
Joined:Sep 2005
Message Posted: Feb 19, 2012 7:52:30 PM

So what else is new!!!!
Profile Pic
SUSANCK
Champion Author Chicago

Posts:5,783
Points:1,120,315
Joined:Apr 2011
Message Posted: Feb 19, 2012 7:50:37 PM

Ouch!!
Profile Pic
MJIOWA
Champion Author Iowa

Posts:6,955
Points:1,527,625
Joined:Nov 2009
Message Posted: Feb 19, 2012 7:49:59 PM

well hope and changes it not working
Profile Pic
bevmill
Champion Author Georgia

Posts:4,635
Points:1,049,835
Joined:Apr 2006
Message Posted: Feb 19, 2012 7:49:27 PM

okay
Profile Pic
heysailor
Champion Author Pittsburgh

Posts:11,739
Points:2,786,780
Joined:Mar 2006
Message Posted: Feb 19, 2012 7:47:55 PM

The foundations for this debacle were laid by Dick Cheney and his Pig Oil buddies in 2002. They could have promulgated an energy policy based on conservation but - no! They had to argue for the American birthright of a SUV in every garage and drill baby drill. And here we are where no one has the guts to make the hard decisions to get us out of this mess. Any movement in that direction is slammed by FOX as unAmerican and the deep thinkers that watch that network go out and buy another SUV.
Profile Pic
car253
Champion Author Ohio

Posts:8,331
Points:1,901,605
Joined:Oct 2008
Message Posted: Feb 19, 2012 7:47:26 PM

Obama will rescue us, HOPE AND CHANGE. He hopes something will change or he will be a one term president like Carter.
Profile Pic
ericbcire
Champion Author Nevada

Posts:6,664
Points:1,721,375
Joined:Aug 2009
Message Posted: Feb 19, 2012 7:45:55 PM

Consumers won't tolerate prices above $4. Stations will be forced out of business just like the last time tnis happened.
Profile Pic
Tehbob
Champion Author California

Posts:4,296
Points:895,950
Joined:Jan 2012
Message Posted: Feb 19, 2012 7:44:36 PM

hmmm
Profile Pic
gknee09
Champion Author Philadelphia

Posts:1,038
Points:949,850
Joined:Jul 2009
Message Posted: Feb 19, 2012 7:43:51 PM

This will get interesting . . .
Profile Pic
NoStrings
Champion Author Ventura

Posts:1,387
Points:271,280
Joined:Aug 2011
Message Posted: Feb 19, 2012 7:39:53 PM

Need new president
Profile Pic
tc316
Champion Author Twin Cities

Posts:12,872
Points:2,169,105
Joined:Apr 2007
Message Posted: Feb 19, 2012 7:37:02 PM

I hope not
Profile Pic
sammy518
Champion Author Austin

Posts:2,589
Points:539,790
Joined:Dec 2010
Message Posted: Feb 19, 2012 7:31:33 PM

yup
Profile Pic
76chevy
Champion Author Toledo

Posts:5,091
Points:1,139,260
Joined:Jun 2010
Message Posted: Feb 19, 2012 7:29:57 PM

obama, the anti-Canadian and pro-Brazilian oilbuddy!
Profile Pic
nobodyMO
Champion Author Kansas City

Posts:2,251
Points:554,305
Joined:Nov 2010
Message Posted: Feb 19, 2012 7:25:26 PM

Gives us something to look for.
Profile Pic
CheapDiesel
Champion Author Indianapolis

Posts:1,470
Points:245,615
Joined:Nov 2005
Message Posted: Feb 19, 2012 7:25:19 PM

It is all part of the wealth redistribution scheme. They drive the value of the US dollar down by spending like there is no tomorrow - "quantitative easing", "stimulus", and other things that would get a person thrown in jail if tried in the private sector.

It should not come as a surprise that people with money want to hedge against the actions of the thieves at the Fed, so they invest in something of value that they know the government can't create out of thin air.
Profile Pic
cmsense
Champion Author Columbus

Posts:1,358
Points:165,345
Joined:Jan 2012
Message Posted: Feb 19, 2012 7:24:54 PM

Take your FIXED NOISE propaganda article,fold it 3 times and place it where the sun doesn't shine!!!!!!!
Profile Pic
JLSindy
Champion Author Cleveland

Posts:5,200
Points:1,106,400
Joined:Aug 2005
Message Posted: Feb 19, 2012 7:20:12 PM

I agree with most of what everyone says.
Profile Pic
sydb7
Champion Author Atlanta

Posts:5,066
Points:2,309,245
Joined:Mar 2003
Message Posted: Feb 19, 2012 7:19:41 PM

High prices hurt everybody but the oil companies!
Profile Pic
cwashi3324
Champion Author Cincinnati

Posts:3,509
Points:734,770
Joined:May 2009
Message Posted: Feb 19, 2012 7:16:50 PM

Oh no!
Profile Pic
geoutpb
Champion Author Midland Odessa

Posts:6,601
Points:1,480,560
Joined:Dec 2006
Message Posted: Feb 19, 2012 7:15:21 PM

Oil is going to have to go much higher than 100-103 a barrel, more like 115-120 to get there.
Post a reply Back to Topics