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GasBuddy News Article

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votes
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
Category: Daily News Article Discussions > Topics Add to favorite topics  
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REPLIES (newest first) Post a Reply
geoutpb
Champion Author Midland Odessa

Posts:7,622
Points:1,777,930
Joined:Dec 2006
Message Posted: Feb 19, 2012 5:15:21 PM

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:5,905
Points:2,400,675
Joined:Feb 2003
Message Posted: Feb 19, 2012 5:09:31 PM

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

the price for everything is going to go up. its going to hurt everyone - in this economy
Drema63
Rookie Author Tennessee

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Joined:Feb 2012
Message Posted: Feb 19, 2012 5:08:57 PM

I hope not
fxb1
Champion Author Louisiana

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Message Posted: Feb 19, 2012 5:06:47 PM

ok
tonoplast
Champion Author Lexington

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Message Posted: Feb 19, 2012 5:05:43 PM

Gouge, gouge, gouge, and always get away with it. &$#@%%## the petro companies.
theschmuck
Champion Author Michigan

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Points:2,168,500
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Message Posted: Feb 19, 2012 5:05:20 PM

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

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Message Posted: Feb 19, 2012 5:02:52 PM

This is going to suck
gasgo123
Champion Author South Carolina

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Message Posted: Feb 19, 2012 5:02:45 PM

Not surprising with O bummer's ties with the far east
timarcos
Champion Author Corpus Christi

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Message Posted: Feb 19, 2012 5:01:24 PM

Sad time for gas prices to go up.
TCon313
All-Star Author New York

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Joined:Mar 2011
Message Posted: Feb 19, 2012 5:01:14 PM

Always falls on the back of the working man
mcmonsta
Champion Author Honolulu

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Message Posted: Feb 19, 2012 4:57:34 PM

not surprising...someone needs to make the megabucks
yeehaw1073
Champion Author Indiana

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Joined:May 2004
Message Posted: Feb 19, 2012 4:55:10 PM

Not surprising...but I hope not
Lugi1967
Champion Author Ohio

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Message Posted: Feb 19, 2012 4:52:33 PM

Heads will roll
passin_gas2011
All-Star Author Ohio

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Points:210,515
Joined:Sep 2011
Message Posted: Feb 19, 2012 4:51:00 PM

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

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Message Posted: Feb 19, 2012 4:44:37 PM

I Sure Hope Not..
Blue48
Champion Author Illinois

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Message Posted: Feb 19, 2012 4:43:02 PM

LETS ALL HOPE & PRAY IT DOESN'T HAPPEN!
Ticoman54
Champion Author Miami

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Message Posted: Feb 19, 2012 4:38:26 PM

No kidding!
thuathienhue
Champion Author Michigan

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Message Posted: Feb 19, 2012 4:38:04 PM

There goes the economy.
dollarwatcher
Champion Author Wisconsin

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Message Posted: Feb 19, 2012 4:37:57 PM

Time to dust off and tune up the Honda 90, again.
idigau22
Champion Author Washington

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Message Posted: Feb 19, 2012 4:37:44 PM

Over Inflated fuel prices over the years are now becoming more inflated!
Tiretrack
Sophomore Author Michigan

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Message Posted: Feb 19, 2012 4:36:27 PM

Amayne11 well said1!!!
diegotoad
Champion Author Maryland

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Message Posted: Feb 19, 2012 4:35:58 PM

All based on speculation.
armey
Champion Author Oregon

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Message Posted: Feb 19, 2012 4:34:52 PM

I hope and PRAY not!! Thats way too high!
traumer
Champion Author Twin Cities

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Joined:Aug 2006
Message Posted: Feb 19, 2012 4:33:00 PM

High gas price this summer is going to be tough to pay.
reidlej
Champion Author Columbus

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Message Posted: Feb 19, 2012 4:32:23 PM

Ouch!
blitzntj
Champion Author Jacksonville

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Message Posted: Feb 19, 2012 4:31:35 PM

What else is new
rawdog1313
Champion Author Lexington

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Message Posted: Feb 19, 2012 4:31:20 PM

Whatever........
amayne11
Champion Author Vancouver

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Message Posted: Feb 19, 2012 4:25:27 PM

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

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Message Posted: Feb 19, 2012 4:24:10 PM

Predictions are no good
HA4CNN
Champion Author Toronto

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Joined:Dec 2006
Message Posted: Feb 19, 2012 4:22:52 PM

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

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Message Posted: Feb 19, 2012 4:21:09 PM

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

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Message Posted: Feb 19, 2012 4:18:19 PM

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

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Message Posted: Feb 19, 2012 4:18:01 PM

More doom and gloom stuff.
monarch57
Champion Author British Columbia

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Message Posted: Feb 19, 2012 4:14:28 PM

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

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Message Posted: Feb 19, 2012 4:13:12 PM

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:9,524
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Message Posted: Feb 19, 2012 4:13:01 PM

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

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Message Posted: Feb 19, 2012 4:11:01 PM

Darn thank you lobbyist putting this message out there so loudly
carefrey
Champion Author Orlando

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Message Posted: Feb 19, 2012 4:05:03 PM

Speculators are doing it!
maske_2222
Champion Author Manitoba

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Message Posted: Feb 19, 2012 4:03:49 PM

Speculations.....
MotoDad
Champion Author Phoenix

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Message Posted: Feb 19, 2012 3:58:09 PM

And Exxon will post record profits again!
pickledude72
Champion Author California

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Message Posted: Feb 19, 2012 3:57:36 PM

Good Posting
woodeye55
Champion Author Gary

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Message Posted: Feb 19, 2012 3:57:16 PM

Obummer's dream.
sparky808
Champion Author Honolulu

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Message Posted: Feb 19, 2012 3:48:43 PM

Thanks for posting.
hossneal
Sophomore Author Virginia Beach

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Joined:Dec 2010
Message Posted: Feb 19, 2012 3:48:17 PM

ok
DCbeachbum
Champion Author South Carolina

Posts:3,699
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Joined:May 2010
Message Posted: Feb 19, 2012 3:45:58 PM

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
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Joined:Sep 2011
Message Posted: Feb 19, 2012 3:44:47 PM

Us peasents are slowing being priced off the road. Heil Hussein!
mikaye
Champion Author Cleveland

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Joined:Jun 2010
Message Posted: Feb 19, 2012 3:42:59 PM

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:5,398
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Message Posted: Feb 19, 2012 3:42:02 PM

somebody is getting rich, not me!
crashintuc34
Champion Author Tucson

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Message Posted: Feb 19, 2012 3:40:11 PM

El Presidente must be smiling from ear to ear.
chvytruk
All-Star Author Kentucky

Posts:806
Points:412,335
Joined:Sep 2006
Message Posted: Feb 19, 2012 3:39:36 PM

The predictors keep predicting until the prediction becomes a self-fulfilling prophesy.

KNOCK IT OFF! WE'LL DEAL WITH IT WHEN IT HAPPENS!
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