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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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cwashi3324 Champion Author Cincinnati Posts:2,786 Points:570,265 Joined:May 2009	Message Posted: Feb 19, 2012 5:16:50 PM Ignore cwashi3324 Report Abuse Oh no!
geoutpb Champion Author Midland Odessa Posts:4,608 Points:1,063,285 Joined:Dec 2006	Message Posted: Feb 19, 2012 5:15:21 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.
swede Champion Author Cleveland Posts:3,752 Points:1,673,075 Joined:Feb 2003	Message Posted: Feb 19, 2012 5:09:31 PM Ignore swede Report Abuse If they do Obama better start praying hard if he wants to get reelected.
skgole Rookie Author San Diego Posts:20 Points:1,550 Joined:Feb 2011	Message Posted: Feb 19, 2012 5:09:12 PM Ignore skgole Report Abuse the price for everything is going to go up. its going to hurt everyone - in this economy
Drema63 Rookie Author Tennessee Posts:4 Points:1,255 Joined:Feb 2012	Message Posted: Feb 19, 2012 5:08:57 PM Ignore Drema63 Report Abuse I hope not
fxb1 Champion Author Louisiana Posts:2,533 Points:603,235 Joined:Mar 2011	Message Posted: Feb 19, 2012 5:06:47 PM Ignore fxb1 Report Abuse ok
tonoplast All-Star Author Lexington Posts:808 Points:444,410 Joined:Apr 2011	Message Posted: Feb 19, 2012 5:05:43 PM Ignore tonoplast Report Abuse Gouge, gouge, gouge, and always get away with it. &$#@%%## the petro companies.
theschmuck Champion Author Michigan Posts:2,902 Points:1,508,600 Joined:Mar 2007	Message Posted: Feb 19, 2012 5:05:20 PM Ignore theschmuck Report Abuse Knew this ould happen sooner or later but why should our gov't care if the price of fuel,food and utilities goes up. It's only money. The Bummer gives it away to everybody else but won't do anything to help his own. Typical of his type, greed and lines pockets.
mackconsult Champion Author Portland Posts:5,304 Points:864,030 Joined:Jan 2009	Message Posted: Feb 19, 2012 5:02:52 PM Ignore mackconsult Report Abuse This is going to suck
gasgo123 Veteran Author South Carolina Posts:275 Points:1,767,985 Joined:May 2005	Message Posted: Feb 19, 2012 5:02:45 PM Ignore gasgo123 Report Abuse Not surprising with O bummer's ties with the far east
timarcos Champion Author Corpus Christi Posts:5,734 Points:1,151,890 Joined:Jul 2009	Message Posted: Feb 19, 2012 5:01:24 PM Ignore timarcos Report Abuse Sad time for gas prices to go up.
TCon313 All-Star Author New York Posts:611 Points:584,840 Joined:Mar 2011	Message Posted: Feb 19, 2012 5:01:14 PM Ignore TCon313 Report Abuse Always falls on the back of the working man
mcmonsta Champion Author Honolulu Posts:3,212 Points:815,520 Joined:Sep 2009	Message Posted: Feb 19, 2012 4:57:34 PM Ignore mcmonsta Report Abuse not surprising...someone needs to make the megabucks
yeehaw1073 Champion Author Indiana Posts:2,341 Points:1,847,275 Joined:May 2004	Message Posted: Feb 19, 2012 4:55:10 PM Ignore yeehaw1073 Report Abuse Not surprising...but I hope not
Lugi1967 Champion Author Ohio Posts:4,773 Points:999,220 Joined:Jun 2010	Message Posted: Feb 19, 2012 4:52:33 PM Ignore Lugi1967 Report Abuse Heads will roll
passin_gas2011 All-Star Author Ohio Posts:750 Points:141,345 Joined:Sep 2011	Message Posted: Feb 19, 2012 4:51:00 PM Ignore passin_gas2011 Report Abuse in april,,everyone will be doing the lawn services by then,,its gonna affect them too.....its just not right for the big oil to just sit on the reserve
swrestler Champion Author Grand Rapids Posts:6,120 Points:1,568,900 Joined:Oct 2008	Message Posted: Feb 19, 2012 4:44:37 PM Ignore swrestler Report Abuse I Sure Hope Not..
Blue48 Champion Author Illinois Posts:7,290 Points:1,634,920 Joined:Feb 2007	Message Posted: Feb 19, 2012 4:43:02 PM Ignore Blue48 Report Abuse LETS ALL HOPE & PRAY IT DOESN'T HAPPEN!
Ticoman54 Champion Author Miami Posts:7,031 Points:1,489,095 Joined:Oct 2008	Message Posted: Feb 19, 2012 4:38:26 PM Ignore Ticoman54 Report Abuse No kidding!
thuathienhue Champion Author Michigan Posts:3,438 Points:630,540 Joined:Jul 2011	Message Posted: Feb 19, 2012 4:38:04 PM Ignore thuathienhue Report Abuse There goes the economy.
dollarwatcher Champion Author Wisconsin Posts:7,930 Points:1,532,295 Joined:Mar 2007	Message Posted: Feb 19, 2012 4:37:57 PM Ignore dollarwatcher Report Abuse Time to dust off and tune up the Honda 90, again.
idigau22 Champion Author Washington Posts:23,384 Points:3,197,985 Joined:Apr 2003	Message Posted: Feb 19, 2012 4:37:44 PM Ignore idigau22 Report Abuse Over Inflated fuel prices over the years are now becoming more inflated!
Tiretrack Sophomore Author Michigan Posts:163 Points:596,345 Joined:Jan 2011	Message Posted: Feb 19, 2012 4:36:27 PM Ignore Tiretrack Report Abuse Amayne11 well said1!!!
diegotoad Champion Author Maryland Posts:3,392 Points:812,400 Joined:Jul 2009	Message Posted: Feb 19, 2012 4:35:58 PM Ignore diegotoad Report Abuse All based on speculation.
armey Champion Author Oregon Posts:1,296 Points:310,255 Joined:Aug 2008	Message Posted: Feb 19, 2012 4:34:52 PM Ignore armey Report Abuse I hope and PRAY not!! Thats way too high!
traumer Champion Author Twin Cities Posts:5,359 Points:1,335,525 Joined:Aug 2006	Message Posted: Feb 19, 2012 4:33:00 PM Ignore traumer Report Abuse High gas price this summer is going to be tough to pay.
reidlej Veteran Author Columbus Posts:402 Points:603,730 Joined:Jul 2011	Message Posted: Feb 19, 2012 4:32:23 PM Ignore reidlej Report Abuse Ouch!
blitzntj Champion Author Jacksonville Posts:4,659 Points:940,080 Joined:Dec 2007	Message Posted: Feb 19, 2012 4:31:35 PM Ignore blitzntj Report Abuse What else is new
rawdog1313 Champion Author Lexington Posts:3,284 Points:1,639,880 Joined:May 2008	Message Posted: Feb 19, 2012 4:31:20 PM Ignore rawdog1313 Report Abuse Whatever........
amayne11 Champion Author Vancouver Posts:1,745 Points:497,030 Joined:Nov 2011	Message Posted: Feb 19, 2012 4:25:27 PM Ignore amayne11 Report Abuse I can't understand why anyone would think that the gov't cares about their tax payers. Every time the gov't raised taxes, the standard of living goes down, the poorest of the poor get hit the hardest. The gov't is just too top heavy. There are too many pigs for the tits.
Ebaz Champion Author Oklahoma City Posts:3,231 Points:712,385 Joined:Apr 2011	Message Posted: Feb 19, 2012 4:24:10 PM Ignore Ebaz Report Abuse Predictions are no good
HA4CNN Champion Author Toronto Posts:5,604 Points:1,539,490 Joined:Dec 2006	Message Posted: Feb 19, 2012 4:22:52 PM Ignore HA4CNN Report Abuse The rise in energy prices are mostly do to a dropping US dollar.You are lucky that you are not in Canada where the reverse is true.
stephen2155 Champion Author North Carolina Posts:3,014 Points:655,330 Joined:Jun 2011	Message Posted: Feb 19, 2012 4:21:09 PM Ignore stephen2155 Report Abuse It's that time of the year and I wonder why CNN doesn't have the gas prices on the news prior to the last election.
mageetp Champion Author British Columbia Posts:3,195 Points:622,955 Joined:Aug 2011	Message Posted: Feb 19, 2012 4:18:19 PM Ignore mageetp Report Abuse All this crying is not helping one bit from what I`ve seen so far, looks like a lot of talk no action. Wait till your prices catch up to ours then watch the fireworks or tears.
Mooseman1 Champion Author Manitoba Posts:7,463 Points:1,496,640 Joined:Jul 2007	Message Posted: Feb 19, 2012 4:18:01 PM Ignore Mooseman1 Report Abuse More doom and gloom stuff.
monarch57 Champion Author British Columbia Posts:1,622 Points:135,165 Joined:Nov 2008	Message Posted: Feb 19, 2012 4:14:28 PM Ignore monarch57 Report Abuse We need a new government that will look after us. I just got robbed $3300 from my bank acct. and now this, things are going from bad to wors't.
ScottTee Champion Author Detroit Posts:4,371 Points:1,059,695 Joined:Mar 2010	Message Posted: Feb 19, 2012 4:13:12 PM Ignore ScottTee Report Abuse Large speculators like Goldman Sachs & Morgan Stanley & hedge funds are WAY more to BLAME then the Pres. Oil companies or even OPEC. We have got to limit the positions they can take when they never even take delivery of the product.
DarthDadJr Champion Author Virginia Posts:7,297 Points:1,518,045 Joined:Jul 2008	Message Posted: Feb 19, 2012 4:13:01 PM Ignore DarthDadJr Report Abuse This is an easy prediction...tell us what the prices will be a year from now, that is a prediction.
boatmen Champion Author New York Posts:3,070 Points:620,630 Joined:Jan 2011	Message Posted: Feb 19, 2012 4:11:01 PM Ignore boatmen Report Abuse Darn thank you lobbyist putting this message out there so loudly
carefrey Champion Author Orlando Posts:5,515 Points:1,155,485 Joined:Sep 2009	Message Posted: Feb 19, 2012 4:05:03 PM Ignore carefrey Report Abuse Speculators are doing it!
maske_2222 Champion Author Manitoba Posts:7,422 Points:1,500,005 Joined:Oct 2008	Message Posted: Feb 19, 2012 4:03:49 PM Ignore maske_2222 Report Abuse Speculations.....
MotoDad Champion Author Phoenix Posts:1,106 Points:811,865 Joined:Sep 2006	Message Posted: Feb 19, 2012 3:58:09 PM Ignore MotoDad Report Abuse And Exxon will post record profits again!
pickledude72 Champion Author California Posts:1,120 Points:835,495 Joined:Jul 2008	Message Posted: Feb 19, 2012 3:57:36 PM Ignore pickledude72 Report Abuse Good Posting
woodeye55 Champion Author Gary Posts:7,344 Points:1,853,730 Joined:Mar 2006	Message Posted: Feb 19, 2012 3:57:16 PM Ignore woodeye55 Report Abuse Obummer's dream.
sparky808 Champion Author Honolulu Posts:2,981 Points:595,560 Joined:Sep 2011	Message Posted: Feb 19, 2012 3:48:43 PM Ignore sparky808 Report Abuse Thanks for posting.
hossneal Rookie Author Virginia Beach Posts:90 Points:544,125 Joined:Dec 2010	Message Posted: Feb 19, 2012 3:48:17 PM Ignore hossneal Report Abuse ok
DCbeachbum Champion Author South Carolina Posts:2,642 Points:901,490 Joined:May 2010	Message Posted: Feb 19, 2012 3:45:58 PM Ignore DCbeachbum Report Abuse Yes these prices are too high now. Can we get on with drilling here in the US, off shore and in Alaska? How about the Keystone pipeline? These things surely will lower the price of gasoline.
DozenSpeed Champion Author St. Louis Posts:1,293 Points:391,550 Joined:Sep 2011	Message Posted: Feb 19, 2012 3:44:47 PM Ignore DozenSpeed Report Abuse Us peasents are slowing being priced off the road. Heil Hussein!
mikaye Champion Author Cleveland Posts:3,819 Points:862,485 Joined:Jun 2010	Message Posted: Feb 19, 2012 3:42:59 PM Ignore mikaye Report Abuse even if oil prices wwere 1 dollar a barrel gas prices would rise due to energy companies gouging. gas prices do not follow supply and demand but company decisions
nascar8806 Champion Author Oklahoma City Posts:2,363 Points:842,130 Joined:Aug 2010	Message Posted: Feb 19, 2012 3:42:02 PM Ignore nascar8806 Report Abuse somebody is getting rich, not me!
crashintuc34 Champion Author Tucson Posts:4,037 Points:808,965 Joined:May 2010	Message Posted: Feb 19, 2012 3:40:11 PM Ignore crashintuc34 Report Abuse El Presidente must be smiling from ear to ear.