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GasBuddy News Article

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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."


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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
jdc17327
Champion Author Pennsylvania

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Message Posted: Feb 19, 2012 8:44:26 PM

okay
themaninthehat
Champion Author New Orleans

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Message Posted: Feb 19, 2012 8:43:14 PM

Time will tell.
bigsranch
Champion Author Houston

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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.
rpr77
Champion Author Philadelphia

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Message Posted: Feb 19, 2012 8:37:01 PM

This is not good
jdc17327
Champion Author Pennsylvania

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Message Posted: Feb 19, 2012 8:36:27 PM

YEAH, my butt hurts already!
DrLyon
Champion Author Michigan

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Message Posted: Feb 19, 2012 8:33:42 PM

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

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Message Posted: Feb 19, 2012 8:33:30 PM

recession, now depression
skyking19
Champion Author Little Rock

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Message Posted: Feb 19, 2012 8:33:23 PM

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

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Message Posted: Feb 19, 2012 8:31:44 PM

Here comes the Great Depression 2!
AKmailman
Champion Author Alaska

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Message Posted: Feb 19, 2012 8:30:52 PM

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

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Message Posted: Feb 19, 2012 8:30:27 PM

Really!
jorod55
Champion Author California

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Message Posted: Feb 19, 2012 8:29:50 PM

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

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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!
Dsin44
Champion Author Abbotsford

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Message Posted: Feb 19, 2012 8:28:57 PM

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

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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.
eswi
Champion Author Madison

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Message Posted: Feb 19, 2012 8:24:51 PM

OK
Taurus1
Champion Author Ohio

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Message Posted: Feb 19, 2012 8:24:07 PM

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

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Message Posted: Feb 19, 2012 8:23:02 PM

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

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Message Posted: Feb 19, 2012 8:22:24 PM

I sure hope not
V8power
Champion Author Pennsylvania

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Message Posted: Feb 19, 2012 8:21:34 PM

No kidding.
danlanman
Champion Author North Carolina

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Message Posted: Feb 19, 2012 8:20:32 PM

old news
fltdoc
Champion Author Oklahoma

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Message Posted: Feb 19, 2012 8:19:32 PM

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

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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!
methaneman
Champion Author Minnesota

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Message Posted: Feb 19, 2012 8:16:58 PM

Fix this in Novenber!
9C1
Champion Author Chicago

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Message Posted: Feb 19, 2012 8:15:57 PM

More fuel for the speculators.
ACTown
Champion Author Oregon

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Message Posted: Feb 19, 2012 8:15:06 PM

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

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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.
Bullseye520
Champion Author Louisville

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Message Posted: Feb 19, 2012 8:05:37 PM

You didn't expect this?
JENNYHK
Champion Author Chicago

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Message Posted: Feb 19, 2012 8:03:29 PM

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

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Message Posted: Feb 19, 2012 7:53:32 PM

hmmm.
SUPERQUACK
Champion Author Sacramento

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Message Posted: Feb 19, 2012 7:53:13 PM

HOW ABOUT 5.25
jb107
Champion Author New Jersey

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Message Posted: Feb 19, 2012 7:52:30 PM

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

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Message Posted: Feb 19, 2012 7:50:37 PM

Ouch!!
MJIOWA
Champion Author Iowa

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Message Posted: Feb 19, 2012 7:49:59 PM

well hope and changes it not working
bevmill
Champion Author Georgia

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Message Posted: Feb 19, 2012 7:49:27 PM

okay
heysailor
Champion Author Pittsburgh

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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.
car253
Champion Author Ohio

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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.
ericbcire
Champion Author Nevada

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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.
Tehbob
Champion Author California

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Message Posted: Feb 19, 2012 7:44:36 PM

hmmm
gknee09
Champion Author Philadelphia

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Message Posted: Feb 19, 2012 7:43:51 PM

This will get interesting . . .
NoStrings
Champion Author Ventura

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Message Posted: Feb 19, 2012 7:39:53 PM

Need new president
tc316
Champion Author Twin Cities

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Message Posted: Feb 19, 2012 7:37:02 PM

I hope not
sammy518
Champion Author Austin

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Message Posted: Feb 19, 2012 7:31:33 PM

yup
76chevy
Champion Author Toledo

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Message Posted: Feb 19, 2012 7:29:57 PM

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

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Message Posted: Feb 19, 2012 7:25:26 PM

Gives us something to look for.
CheapDiesel
Champion Author Indianapolis

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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.
cmsense
Champion Author Columbus

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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!!!!!!!
JLSindy
Champion Author Cleveland

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Message Posted: Feb 19, 2012 7:20:12 PM

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

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Message Posted: Feb 19, 2012 7:19:41 PM

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

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Message Posted: Feb 19, 2012 7:16:50 PM

Oh no!
geoutpb
Champion Author Midland Odessa

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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.
swede
Champion Author Cleveland

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Message Posted: Feb 19, 2012 7:09:31 PM

If they do Obama better start praying hard if he wants to get reelected.
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