Gas prices back on the road to $3??
02-22-07 | 11:22 AM
#1
Thread Starter
Speaks French in Russian
Joined: Oct 2002
Posts: 13,303
Likes: 65
From: What is G?
Gas prices back on the road to $3??
Gas costs back on road to $3
Eric Morath / The Detroit News
http://www.detnews.com/apps/pbcs.dll...29/1148/AUTO01
Eric Morath / The Detroit News
The steady climb to higher spring gasoline prices is under way and a repeat of last year's $3 a gallon is a strong possibility.
The average price for a gallon of regular in Metro Detroit reached $2.28 Monday, according AAA Michigan. That's up 38 cents from a month ago and the highest price at the pump since Dec. 4.
Statewide, the average price for a gallon of gas is $2.30.
Pump prices are more than a dime higher than at this time last year, fueling concerns that Michigan drivers again could soon pay $3 a gallon -- as they have the past two summers.
"Things might stay stable for a week," said AAA spokesman Jim Rink, noting prices are only up 3 cents from a week ago. "But once we get into March, prices will go up and hit a peak in late May."
Rink said it's not a certainty that prices will top three bucks, but the fact they reached that level the past two years shows the market can sustain that price during the summer driving season.
The higher cost to make summer fuel, higher gas demand and speculators -- those who buy and sell oil as an investment -- push pump prices higher during the spring months, Rink said.
The average price for a gallon of regular in Metro Detroit reached $2.28 Monday, according AAA Michigan. That's up 38 cents from a month ago and the highest price at the pump since Dec. 4.
Statewide, the average price for a gallon of gas is $2.30.
Pump prices are more than a dime higher than at this time last year, fueling concerns that Michigan drivers again could soon pay $3 a gallon -- as they have the past two summers.
"Things might stay stable for a week," said AAA spokesman Jim Rink, noting prices are only up 3 cents from a week ago. "But once we get into March, prices will go up and hit a peak in late May."
Rink said it's not a certainty that prices will top three bucks, but the fact they reached that level the past two years shows the market can sustain that price during the summer driving season.
The higher cost to make summer fuel, higher gas demand and speculators -- those who buy and sell oil as an investment -- push pump prices higher during the spring months, Rink said.
Trending Topics
02-22-07 | 12:35 PM
#9
Driver
Joined: Nov 2005
Posts: 132
Likes: 0
From: North Dakota
Here in ND the price was running around $1.99 to $2.04 a gal for regular unlead in January. Grand Forks, ND which sees a lot of Canadian shoppers was even down to $1.89. About the 1st of Feb. the price jumped to $2.09 and every few days has jumped another $.05 and just last night changed to $2.34. The mid-grade stuff usually runs $.05 more than unleaded and the premium level is usually $.10 higher, but in some areas will be $.15 to $.20 higher. Here in Jamestown, the current prices are $2.34 for unleaded, $2.39 for mid-grade (usually has 10% ethanol) and $2.44 for premium, Fargo is $2.29 for unleaded, $2.34 for mid-grade and $2.44 for premium.
It looks to be another summer of $3.00 gas and that really doesn't surprise me. Also looks like the sale of big SUV will be slowing even more.
It looks to be another summer of $3.00 gas and that really doesn't surprise me. Also looks like the sale of big SUV will be slowing even more.
02-22-07 | 02:35 PM
#12
Lexus Champion
Joined: Aug 2005
Posts: 1,751
Likes: 0
From: CA
WTF?? Exxon alone made like $36 BILLIONS in profit last year or the year before I forget... seems like they are going to have another record year if they are going with this pace... damn those greedy bastards. When are they going to stop? I am to blame partly too by supporting them indirectly since I love driving. The worse part is most of my car take premium... 
02-22-07 | 03:31 PM
#13
Lexus Champion
Joined: Feb 2002
Posts: 2,172
Likes: 0
From: Ontario
WTF?? Exxon alone made like $36 BILLIONS in profit last year or the year before I forget... seems like they are going to have another record year if they are going with this pace... damn those greedy bastards. When are they going to stop? I am to blame partly too by supporting them indirectly since I love driving. The worse part is most of my car take premium...
02-22-07 | 03:46 PM
#14
Lexus Champion
Joined: Aug 2005
Posts: 1,751
Likes: 0
From: CA
02-22-07 | 03:49 PM
#15
Lexus Champion
Joined: Feb 2002
Posts: 2,172
Likes: 0
From: Ontario
No and no ... and I WISH! 
I have just come to the realization that gasoline is a necessity for me, and when the prices go up, I need to accommodate accordingly. As long as there is gasoline to put in my vehicle, I'm good!
I have just come to the realization that gasoline is a necessity for me, and when the prices go up, I need to accommodate accordingly. As long as there is gasoline to put in my vehicle, I'm good!