Anyone Noticing The Silent Gas Price Increases?

[William33 110]

Yet I have seen nothing about this in the news.....

[spookyturtle 9,466]

It's gone up about 80 cents since it hit the low point a few months back.

[scandal 951]

Yet I have seen nothing about this in the news.....

The news may be ignoring it.

But we on VJ diligently report EVERYTHING!!

http://www.visajourney.com/forums/index.php?showtopic=196411

[Pinocchio Liberal 268]

Dont really need the news to tell me prices are goin higher. Theres signs that say it at every pump.

[I AM NOT THAT GUY 5,715]

Summer's here. So are higher gas prices

But 15% runup in past 3 weeks pales in comparison to 2008's surge, and isn't likely to match the record highs.

NEW YORK (CNNMoney.com) -- With the Memorial Day weekend and summer driving season approaching, motorists are facing a familiar trend -- surging gasoline prices.

But while pump prices have increased more than 15% over the last 23 days, and are likely to go even higher over the coming weeks, experts don't foresee anything like the record levels of 2008.

"An overall increase is not abnormal for this time of year," said Bob van der Valk, a fuel-pricing analyst with 4Refuel Inc. in Lynnwood, Wash. "It will follow a similar trend, just starting at a lower price than 2008 did."

He also cited recent refinery fires in California, Pennsylvania and Illinois, curtailing supply, as a reason for the current spike.

The national average price for a gallon of regular unleaded gasoline increased Thursday to $2.362, up 2.8 cents in a daily survey compiled for motorist group AAA. That's the 23rd consecutive increase, during which the price of gas has increased 31.4 cents, or 15.3%. All 50 states and the District of Columbia have regular unleaded gas prices of $2 and higher.

But the surge in prices is somewhat relative. The average price is down 38% from the $3.807 per gallon AAA reported one year ago. And it's down $1.75, or 42.5%, from the record high of $4.114 set last July 17.

Gas prices could increase to $2.41 this weekend, said Tom Kloza, publisher of Oil Price Information Service.

"That would be an astounding 50% increase from November," he noted. "We have never seen a similar percentage increase from winter to spring."

As a result of the comparatively lower prices, van der Valk said he expected Americans will drive more this summer when they take time off.

That wasn't the case last year, when prices at the pump were volatile. Soaring prices curtailed travel, and by July 17 gas prices had risen already 35% year-over-year.

Consumers finally began to see a reprieve in August. But late summer brought Hurricanes Gustav and Ike, and gas prices shot back up in September, reaching more than $5 per gallon in some parts of the country. On Sept. 16, gas prices started declining amid weakening demand as the global economic slowdown took hold.

Barring major hurricanes or other unforeseen events, van der Valk expects the average price to peak around $2.75 by Labor Day. California and other West Coast states could see prices spike as high as $3, he added.

Kloza doesn't see quite as big a spike.

"If you believe in $3 gas, you believe in the Dow going back to 10,000," he said. "Fundamentals are the only way prices will move higher -- and I don't see that."

Instead, Kloza predicted average national prices will peak this year around $2.50 --and "we may be really close" to that level, he said.

And then, the cycle heads downward again.

"It could go below $2 by Christmas," van der Valk said. "People will say, 'Great, the gas companies are giving it away again.'"

http://money.cnn.com/2009/05/21/news/econo...sion=2009052114

[William33 110]

Yet I have seen nothing about this in the news.....

The news may be ignoring it.

But we on VJ diligently report EVERYTHING!!

http://www.visajourney.com/forums/index.php?showtopic=196411

Ah, there it is!!! I figured the diligent VJ'ers would be all over this, but I missed that thread.

Thanks for the link.

Either way, we are getting screwed.....

I only fill up every 10 days or so, therefore the latest increase caught me by suprise.

Edited May 22, 2009 by William33

[sj5 4]

Where I reside, our gas is almost $2.50 ($2.4957-unleaded)

Edited May 22, 2009 by sj5

[spookyturtle 9,466]

So it's gone from 1.50 to 2.35 in a few months and we should be glad that it's not 4.00 again? What a con job.

[William33 110]

It's almost $2.50($2.4957)

What's with that shite anyway? It's freaking 2.50..............

Anything to foil, mislead, divert, confuse, deceive the consumer....

[trillium13 84]

The excuse that is used every year is that it's because of Memorial Day, and the summer driving season. I call that BS, but that's the "reason" given.

[sj5 4]

It's almost $2.50($2.4957)

What's with that shite anyway? It's freaking 2.50..............

Anything to foil, mislead, divert, confuse, deceive the consumer....

I just want to make sure that I didn't jacked up the price.

[100% Al Ahly Fan 53]

Yet I have seen nothing about this in the news.....

The news may be ignoring it.

But we on VJ diligently report EVERYTHING!!

http://www.visajourney.com/forums/index.php?showtopic=196411

Thank goodness for VJ!!!! Where else would I get my information/news from?????

[Ban Hammer 13,641]

Yet I have seen nothing about this in the news.....

i sure hope obama can do something about this once he takes office

[NickD 203]

Yet I have seen nothing about this in the news.....

i sure hope obama can do something about this once he takes office

Get use to it, when energy prices increase, so does everything else, except your paycheck. Less gas is used, so the states and feds want to increase the gas tax, in the last 30 years went up from a nickel a gallon to over 50 cents, a factor of ten. Minimum wage hardly doubled since then.

Just have to learn how to enjoy getting robbed, if not by some scumbag on the street, by the corporations or the government if there is any difference between these two. Get a couple of bucks back on your income tax, more than twice that goes to the energy companies. Interesting in history how than less than 10% of the people control the lives of the other more than 90%.

We can either sit and take it or rebel, let's just sit and take it, maybe even ###### about it a little.

[britty 1]

Yet I have seen nothing about this in the news.....

i sure hope obama can do something about this once he takes office