Saturday, January 14, 2012

Just in time for the elections

Gasoline prices could approach $5 a gallon by Memorial Day and stay a record levels for much of the summer, according to a forecast by
Gas prices always spike in the summer, but the 2012 Price Outlook predicts this summer will break records.
“It looks like it might be the most painful year at the pump that we have ever seen,” senior analyst Patrick DeHaan said.
By Memorial Day, gasoline in the Chicago area could rise to between $4.60 and $4.95 a gallon–more than a dollar above the current average.
DeHaan says there are several factors that will cause the increase, and one of them is a double-edged sword.
“The economy continues to improve; it continues to push up our demand for crude oil,” he said.
Another factor is Iran’s nuclear weapons ambitions. As the United States imposes sanctions, the country responds with threats to close a key oil transit pathway: The Strait Of Hormuz.


Great. $4.95 per gallon anywhere else means $6 per gallon here in Kalifornia. Fuck it - eating is overrated anyways.


DeNihilist said...

Hmm, and the Keystone pipeline decision, which would transport oil from your best neighbour to the North is put on hold until AFTER the election. What a scam. Meanwhile we now have our Prime Minister saying that if the Americans don't want our oil, then the Chinese and Indians can have it.


The Northern Gate way line, if it goes in will be a 5 billion dollar investment. Our energy minister said the other day that there is upward of FIVE HUNDRED billion dollars of energy projects on the board for the next 10 years. This in a country of about 33 million.

He also called out the Greens for their tactics in trying to block these projects.

Kinda weird in the world when Canada is starting to look more right wing then you Americans.

kerrcarto said...

DeHaan says "The economy continues to improve" BWAAAAAHAHAHAHAHAHAHAHAHAHA. Dude, I got some really killer weed, but can I get some of what you are smoking?