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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

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DEG Champion Author Las Vegas Posts:17,615 Points:3,493,730 Joined:Jul 2003	Message Posted: Feb 19, 2012 8:45:26 PM Ignore DEG Report Abuse 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.
jdc17327 Champion Author Pennsylvania Posts:2,555 Points:197,690 Joined:May 2009	Message Posted: Feb 19, 2012 8:44:26 PM Ignore jdc17327 Report Abuse okay
themaninthehat Champion Author New Orleans Posts:1,824 Points:472,265 Joined:Feb 2011	Message Posted: Feb 19, 2012 8:43:14 PM Ignore themaninthehat Report Abuse Time will tell.
bigsranch Champion Author Houston Posts:3,136 Points:1,003,530 Joined:Apr 2007	Message Posted: Feb 19, 2012 8:38:16 PM Ignore bigsranch Report Abuse The ironic part is that Obama supporters generally are hurt the most by his misguided policies that raise gas prices.
rpr77 Champion Author Philadelphia Posts:3,890 Points:766,310 Joined:Mar 2011	Message Posted: Feb 19, 2012 8:37:01 PM Ignore rpr77 Report Abuse This is not good
jdc17327 Champion Author Pennsylvania Posts:2,555 Points:197,690 Joined:May 2009	Message Posted: Feb 19, 2012 8:36:27 PM Ignore jdc17327 Report Abuse YEAH, my butt hurts already!
DrLyon Champion Author Michigan Posts:6,645 Points:1,211,005 Joined:May 2006	Message Posted: Feb 19, 2012 8:33:42 PM Ignore DrLyon Report Abuse There goes the vacation travel...
Steady325 Champion Author Orange County Posts:2,568 Points:1,457,135 Joined:Nov 2008	Message Posted: Feb 19, 2012 8:33:30 PM Ignore Steady325 Report Abuse recession, now depression
skyking19 Champion Author Little Rock Posts:1,996 Points:1,697,840 Joined:Jan 2007	Message Posted: Feb 19, 2012 8:33:23 PM Ignore skyking19 Report Abuse One step forward two steps back! :(
darkknight1 Champion Author Winston-Salem Posts:4,330 Points:894,110 Joined:Nov 2010	Message Posted: Feb 19, 2012 8:31:44 PM Ignore darkknight1 Report Abuse Here comes the Great Depression 2!
AKmailman Champion Author Alaska Posts:5,623 Points:1,556,365 Joined:Jul 2004	Message Posted: Feb 19, 2012 8:30:52 PM Ignore AKmailman Report Abuse energizer bunny cars are not the answer - government taxes and royalty on oil are
Red7002011 Champion Author Mississippi Posts:3,322 Points:666,770 Joined:Jul 2011	Message Posted: Feb 19, 2012 8:30:27 PM Ignore Red7002011 Report Abuse Really!
jorod55 Champion Author California Posts:1,470 Points:430,000 Joined:Dec 2011	Message Posted: Feb 19, 2012 8:29:50 PM Ignore jorod55 Report Abuse Maybe a "Hostile Takeover" is in order?
Prozac4me Rookie Author Huntsville Posts:16 Points:672,300 Joined:Jul 2010	Message Posted: Feb 19, 2012 8:29:24 PM Ignore Prozac4me Report Abuse 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 Posts:1,272 Points:272,660 Joined:Apr 2011	Message Posted: Feb 19, 2012 8:28:57 PM Ignore Dsin44 Report Abuse gonna get a Leaf plus solar charger... had enough of this
my2002m Champion Author Tulsa Posts:6,064 Points:1,668,350 Joined:Jul 2008	Message Posted: Feb 19, 2012 8:25:33 PM Ignore my2002m Report Abuse Not good for the economy. If the prices are too high we could have another recession.
eswi Champion Author Madison Posts:2,535 Points:681,430 Joined:Mar 2009	Message Posted: Feb 19, 2012 8:24:51 PM Ignore eswi Report Abuse OK
Taurus1 Champion Author Ohio Posts:3,125 Points:1,672,750 Joined:Apr 2006	Message Posted: Feb 19, 2012 8:24:07 PM Ignore Taurus1 Report Abuse When a prediction is made, does the economy try to make it true?
danreino Champion Author Twin Cities Posts:8,343 Points:1,538,780 Joined:Mar 2008	Message Posted: Feb 19, 2012 8:23:02 PM Ignore danreino Report Abuse The Great Recession continues. Get ready for a REAL worldwide economic collapse !
ftsgt Champion Author Illinois Posts:13,037 Points:2,481,745 Joined:Dec 2004	Message Posted: Feb 19, 2012 8:22:24 PM Ignore ftsgt Report Abuse I sure hope not
V8power Champion Author Pennsylvania Posts:2,806 Points:1,378,045 Joined:Oct 2005	Message Posted: Feb 19, 2012 8:21:34 PM Ignore V8power Report Abuse No kidding.
danlanman Champion Author North Carolina Posts:3,322 Points:720,510 Joined:May 2011	Message Posted: Feb 19, 2012 8:20:32 PM Ignore danlanman Report Abuse old news
fltdoc Champion Author Oklahoma Posts:8,868 Points:1,553,770 Joined:Oct 2008	Message Posted: Feb 19, 2012 8:19:32 PM Ignore fltdoc Report Abuse It hurts everyone's bottom line.
saleboss Champion Author Phoenix Posts:3,929 Points:1,177,875 Joined:Feb 2006	Message Posted: Feb 19, 2012 8:19:10 PM Ignore saleboss Report Abuse Record high gas will affect everyone's bottom line, and send the US back into recession!
methaneman Champion Author Minnesota Posts:2,610 Points:1,284,450 Joined:May 2002	Message Posted: Feb 19, 2012 8:16:58 PM Ignore methaneman Report Abuse Fix this in Novenber!
9C1 Champion Author Chicago Posts:22,849 Points:4,244,635 Joined:Jul 2001	Message Posted: Feb 19, 2012 8:15:57 PM Ignore 9C1 Report Abuse More fuel for the speculators.
ACTown Champion Author Oregon Posts:2,347 Points:1,428,730 Joined:Jun 2007	Message Posted: Feb 19, 2012 8:15:06 PM Ignore ACTown Report Abuse another reason that the government and Obama has lost control
babyjudy Champion Author Tucson Posts:2,721 Points:559,785 Joined:Sep 2011	Message Posted: Feb 19, 2012 8:11:55 PM Ignore babyjudy Report Abuse 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 Posts:2,187 Points:665,440 Joined:Apr 2011	Message Posted: Feb 19, 2012 8:05:37 PM Ignore Bullseye520 Report Abuse You didn't expect this?
JENNYHK Champion Author Chicago Posts:3,631 Points:711,595 Joined:Apr 2011	Message Posted: Feb 19, 2012 8:03:29 PM Ignore JENNYHK Report Abuse I am glad I do not have a car.
TDIdave Champion Author California Posts:5,053 Points:1,223,765 Joined:May 2006	Message Posted: Feb 19, 2012 7:53:32 PM Ignore TDIdave Report Abuse hmmm.
SUPERQUACK Champion Author Sacramento Posts:6,116 Points:1,909,880 Joined:Jun 2007	Message Posted: Feb 19, 2012 7:53:13 PM Ignore SUPERQUACK Report Abuse HOW ABOUT 5.25
jb107 Champion Author New Jersey Posts:9,544 Points:2,620,050 Joined:Sep 2005	Message Posted: Feb 19, 2012 7:52:30 PM Ignore jb107 Report Abuse So what else is new!!!!
SUSANCK Champion Author Chicago Posts:3,632 Points:706,505 Joined:Apr 2011	Message Posted: Feb 19, 2012 7:50:37 PM Ignore SUSANCK Report Abuse Ouch!!
MJIOWA Champion Author Iowa Posts:4,813 Points:1,075,995 Joined:Nov 2009	Message Posted: Feb 19, 2012 7:49:59 PM Ignore MJIOWA Report Abuse well hope and changes it not working
bevmill Champion Author Georgia Posts:2,572 Points:598,595 Joined:Apr 2006	Message Posted: Feb 19, 2012 7:49:27 PM Ignore bevmill Report Abuse okay
heysailor Champion Author Pittsburgh Posts:9,577 Points:2,331,695 Joined:Mar 2006	Message Posted: Feb 19, 2012 7:47:55 PM Ignore heysailor Report Abuse 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 Posts:6,288 Points:1,467,645 Joined:Oct 2008	Message Posted: Feb 19, 2012 7:47:26 PM Ignore car253 Report Abuse 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 Posts:4,515 Points:1,265,660 Joined:Aug 2009	Message Posted: Feb 19, 2012 7:45:55 PM Ignore ericbcire Report Abuse 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 Posts:2,286 Points:455,655 Joined:Jan 2012	Message Posted: Feb 19, 2012 7:44:36 PM Ignore Tehbob Report Abuse hmmm
gknee09 All-Star Author Philadelphia Posts:980 Points:821,040 Joined:Jul 2009	Message Posted: Feb 19, 2012 7:43:51 PM Ignore gknee09 Report Abuse This will get interesting . . .
NoStrings Champion Author Ventura Posts:1,387 Points:271,280 Joined:Aug 2011	Message Posted: Feb 19, 2012 7:39:53 PM Ignore NoStrings Report Abuse Need new president
tc316 Champion Author Twin Cities Posts:10,776 Points:1,725,680 Joined:Apr 2007	Message Posted: Feb 19, 2012 7:37:02 PM Ignore tc316 Report Abuse I hope not
sammy518 Champion Author Austin Posts:2,589 Points:539,790 Joined:Dec 2010	Message Posted: Feb 19, 2012 7:31:33 PM Ignore sammy518 Report Abuse yup
76chevy Champion Author Toledo Posts:3,992 Points:770,140 Joined:Jun 2010	Message Posted: Feb 19, 2012 7:29:57 PM Ignore 76chevy Report Abuse obama, the anti-Canadian and pro-Brazilian oilbuddy!
nobodyMO Champion Author Kansas City Posts:2,251 Points:554,305 Joined:Nov 2010	Message Posted: Feb 19, 2012 7:25:26 PM Ignore nobodyMO Report Abuse Gives us something to look for.
CheapDiesel All-Star Author Indianapolis Posts:795 Points:174,545 Joined:Nov 2005	Message Posted: Feb 19, 2012 7:25:19 PM Ignore CheapDiesel Report Abuse 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 Posts:1,358 Points:165,345 Joined:Jan 2012	Message Posted: Feb 19, 2012 7:24:54 PM Ignore cmsense Report Abuse Take your FIXED NOISE propaganda article,fold it 3 times and place it where the sun doesn't shine!!!!!!!
JLSindy Champion Author Cleveland Posts:3,481 Points:671,315 Joined:Aug 2005	Message Posted: Feb 19, 2012 7:20:12 PM Ignore JLSindy Report Abuse I agree with most of what everyone says.
sydb7 Champion Author Atlanta Posts:3,552 Points:1,918,030 Joined:Mar 2003	Message Posted: Feb 19, 2012 7:19:41 PM Ignore sydb7 Report Abuse High prices hurt everybody but the oil companies!
cwashi3324 Champion Author Cincinnati Posts:2,792 Points:571,340 Joined:May 2009	Message Posted: Feb 19, 2012 7:16:50 PM Ignore cwashi3324 Report Abuse Oh no!
geoutpb Champion Author Midland Odessa Posts:4,618 Points:1,065,335 Joined:Dec 2006	Message Posted: Feb 19, 2012 7:15:21 PM Ignore geoutpb Report Abuse Oil is going to have to go much higher than 100-103 a barrel, more like 115-120 to get there.