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Gas Prices Set Record

Mike

Well-known member
By now every driver knows the drill: The price of gasoline ratchets up, there's an outcry among motorists who feel gouged at the pump and then things settle down as the higher price becomes the new normal.

Well, AAA has come up with a sobering statistic: the average price of gasoline will surpass $3 per gallon Tuesday for the 1,000th consecutive day. That's never happened before, the motoring organization says.


In case you're wondering, the current streak began on Dec. 23, 2010. Today, the national average for a gallon of regular is $3.52, according to AAA's daily price tracking service. That's a nickel a gallon less than the average so far this year. And unless there's another recession, AAA forecasts that a price floor of $3 a gallon is basically here to stay.


(Read more: US gas prices climb, reverse recent fall: Lundberg survey)
Play VideoGasoline prices spike higher
As tensions in Syria rise, oil prices remain volatile. Dan Dicker, TheStreet, and Casey Mulligan, University of Chicago, weigh in. "All the risks to oil remain to the upside," says Dicker."Paying less than $3.00 per gallon for gasoline may be automotive history for most Americans, like using 8-track tapes or going to a drive-in movie," said Bob Darbelnet, CEO of AAA. "The reality is that expensive gas is here to stay."

If there's any good news here at all, it's that with the prospect of U.S. attack on Syria diminished, gas prices could moderate, but they won't fall below $3 a gallon, says Patrick DeHaan of the group-sourced gas price reporting site GasBuddy.com.


"The market took a chill pill and is reacting as I would expect to the prospect of a peaceful resolution," he says. "I could see the national average in the very low $3 (a gallon range) by the time we're talking about last minute Christmas shopping."



Also, while prices haven't dropped below $3 a gallon for 1,000 days, they also haven't averaged above $4 a gallon. But they were above $3.75 a gallon for 189 days.


The $3-a-gallon threshold didn't start until Hurricane Katrina slammed into the Gulf Coast, devastating oil rigs and New Orleans, in September, 2005.
 

Steve

Well-known member
The $3-a-gallon threshold didn't start until Hurricane Katrina slammed into the Gulf Coast, devastating oil rigs and New Orleans, in September, 2005.

back then it was Bush and OIL buddy Cheney's fault for any price increase..

now it is a necessary increase to slow global warming... cost must rise or the wind powered cars will not look attractive to the public...

Wind-Powered-Car-640x422.jpg


but once this baby gets a fed grant and mega loan.. we will see them "fly" off the showroom floor.. that is if the get another mega loan to build a showroom....
 

hypocritexposer

Well-known member
What global warming?

The IPCC has just admitted that they were wrong on 114 out of 117 predictions.

Warming has been 1/20 of 1 degree Celsius since 1998 and they admit to only half of that being due to CO2, but still can't prove iit.

So much for "settled science"
 
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