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National average just 24c/gal away from all time record

GasBuddy Blog -- For those who haven't checked the calendar- today is March 26. We're over a month away from what I believe will represent the peak of gasoline prices for 2012, lest anything happen geopolitically speaking that isn't currently on the radar.

The national average today stands at $3.87/gallon, just 24-cents away from the all time record high we hit in 2008, when prices hit $4.11 in mid-July. Yet this year, it's becoming more obvious that we have a good, or perhaps a high chance now of breaking that all time high.

Led by Chicago, and other areas of the Midwest, as well as perennial members such as California, Alaska, and Hawaii, we could see the average price in other areas also hit that $4/gallon barrier.

And while...


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Submitted Mar 26, 2012 By: PD
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REPLIES (newest first) Post a Reply
nannieb43
Rookie Author Georgia

Posts:24
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Message Posted: Apr 19, 2012 9:33:17 PM

I'll be watching
lightbulbman2008
Champion Author Worcester

Posts:451,400
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Joined:Oct 2008
Message Posted: Apr 18, 2012 5:33:11 PM

before memorial day...it will go over
wolfrider1957
Rookie Author Seattle

Posts:5
Points:825
Joined:Apr 2012
Message Posted: Apr 3, 2012 2:56:07 AM

how much more gas do we need in reserve? the oil strike in N. Dakota is one of the largest in about 40 years. Why is the gas price still going up? How high is high enough? When will we get some relief from the exorbitant gas we have now?
Gnusman53
Champion Author San Diego

Posts:11,576
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Message Posted: Mar 30, 2012 9:45:20 PM

One rural station along the California coast was over $6 under Bush....
Bachias
Rookie Author Washington

Posts:13
Points:8,335
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Message Posted: Mar 29, 2012 10:51:54 AM

We are almost there, here in Western washington right now.
Gnusman53
Champion Author San Diego

Posts:11,576
Points:1,867,995
Joined:Feb 2004
Message Posted: Mar 28, 2012 3:44:00 PM

At some rural stations in California it is much higher....but still less than the mark set during the Bush administration...
GOBUTLER
Champion Author Indianapolis

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Message Posted: Mar 28, 2012 1:39:55 PM

Interesting....
sparky808
Champion Author Honolulu

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Message Posted: Mar 28, 2012 1:30:29 PM

THank you for posting.
tomok
Champion Author Portland

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Message Posted: Mar 28, 2012 3:07:11 AM

National average just 24c/gallon away from all time record and what a disgusting situation it is. A do nothing federal government at work by Barry!
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible.
The price of fuel at the pump is too high!
12/22/2012!
gknee09
Champion Author Philadelphia

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Message Posted: Mar 27, 2012 9:55:42 PM

finger pointers and speculator? who do you dislike more?
tes283
All-Star Author Tampa

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Message Posted: Mar 27, 2012 8:38:28 PM

My question is can we stay under 4.25?
Gnusman53
Champion Author San Diego

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Message Posted: Mar 27, 2012 6:27:11 PM

oldiesman..... that is the perfect and succinct description of the entire GOP.
Gnusman53
Champion Author San Diego

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Message Posted: Mar 27, 2012 6:24:26 PM

Blackice?????

you have it backwards......again...

please deal in facts.... who has been fighting to control speculators..... NOT the GOP.....

In fact, they want more speculations... (AKA higher prices).... The GOP has been blocking any action by the CFTC to cut speculation in the oil market.....

and to be sure the CFTC can't do anything, your GOP pals have been trying to defubd (eliminate) the CFTC completely....

So put the blame of higher prices where it belongs -- on the GOP.....

anything else is just being delusional....
GatorGuy
Champion Author Columbia

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Message Posted: Mar 27, 2012 6:11:31 PM

Unbelievable. How high does it have to get until someone intervenes?
Grismer
Champion Author Kitchener-Waterloo

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Message Posted: Mar 27, 2012 3:36:28 PM

As in 2008, breaking these types of pump price records may also break the economy.
bigoilscamsus
Champion Author Lansing

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Message Posted: Mar 27, 2012 3:33:51 PM

The big PRICE FIX is on again in the Great Lakes States!! The CEO of ExxonMobil raised the price to $4.15.9 throughout the region this morning!! Everyone knows that the price was fixed but the states attorney general who refuses to investigate the obvious RACKETEERING by BIG OIL at the expense of the American consumer!!---------The only change in the cost of crude in the last two weeks is that the cost has gone down from $109.57 to $107,83. That should signal a 4 or 5 cent drop at the pump, but the thieving oil companies want more and more profits!!! That greed has stifled our countries economic growth and will strengthen the Recession our country is in!!!-------- USA Attorney General Eric Holder must intervene and start an investigation of Price Fixing by the Big Oil Cartel in America!! Our Congress needs to hear the cry of the people and come to the aide of the working class, if our country is to survive this economic tyrany, Big Oil!!
furiousfowl
Champion Author Riverside

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Message Posted: Mar 27, 2012 3:33:04 PM

thats high
Tomeboy
Champion Author Twin Cities

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Message Posted: Mar 27, 2012 3:16:35 PM

Oil companies have two benefits going for them... Oil Subsidies and Speculators.

I'm sure they couldn't be happier.

I don't hear the oil companies complaining... but there sure is a lot of us consumers that are!

[Edited by: Tomeboy at 3/27/2012 3:17:30 PM EST]
indrix
All-Star Author Toronto

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Message Posted: Mar 27, 2012 3:12:23 PM

gloomy
Tomeboy
Champion Author Twin Cities

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Message Posted: Mar 27, 2012 3:04:04 PM

"Oil speculators gamble on Wall Street and we pay the price at the pump. The price is not governed by supply and demand. The supply is not our problem. Fuel was America's largest export in 2011. Our oil output is higher now than it has been in decades. But speculators who bet that oil will be a higher price in a month from now, based on turmoil in the Middle East, rising global demand, or refinery capacity, end up causing an artificial supply problem even when one doesn't exist. This is because those who own the commodity, hold on to it waiting for the price to raise. It's a self fulfilling prophecy that makes both the speculator and the oil company rich. Oil is one of our most valued commodities. It affects the price of nearly everything we purchase from fresh produce, to shipping, to airplane tickets, to taxi rides. In some cases those who gamble with speculation, also own the commodity. Talk about a conflict of interest!
hwnguy
Champion Author Honolulu

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Message Posted: Mar 27, 2012 2:57:43 PM

We'll definitely get to $4.50 here very soon
mycar2
Champion Author Akron

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Message Posted: Mar 27, 2012 2:55:44 PM

i think the big oil will go for the record.....you?
bonbon5
Champion Author Toledo

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Message Posted: Mar 27, 2012 2:51:40 PM

dislike :(
dollarwatcher
Champion Author Wisconsin

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Message Posted: Mar 27, 2012 2:49:38 PM

Wisc is just over 4.
marlita
Champion Author Dayton

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Message Posted: Mar 27, 2012 2:48:00 PM

Great our government at work.
SOLONGCOLD
Champion Author Phoenix

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Joined:Nov 2010
Message Posted: Mar 27, 2012 2:45:57 PM

we just hit the 4.00 average in the s.e. mich. area and going up.
just got back from grocery store - prices are going up there too...

will be worth every penny to see this tyranny end in November.
LanguageMan1
Champion Author Tampa

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Joined:Apr 2008
Message Posted: Mar 27, 2012 2:44:49 PM

Don't worry, if we don't go past the old high this year, we will in the next year or two, but I believe it'll be in months.
joeborge
Champion Author Ventura

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Message Posted: Mar 27, 2012 2:44:48 PM

It is already as the highest
oldiesman
Champion Author New York

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Message Posted: Mar 27, 2012 2:43:13 PM

He is a destroyer and a LIAR.
Louscanon
Champion Author Baltimore

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Message Posted: Mar 27, 2012 2:40:05 PM

When Obama took office gas was $1.83 per gallon.
myambro
Champion Author Sacramento

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Message Posted: Mar 27, 2012 2:40:02 PM

Hey "Tomeboy," it was the politicians that allowed this to start (so that they could get more contributions to themselves and their PAC's) and it is the politicians that are blowing smoke in the mirrors so that you think it is the oil companies fault. The biggest greed is with the politicians.
VETACA
Sophomore Author San Jose

Posts:190
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Message Posted: Mar 27, 2012 2:38:48 PM

We need to use our own oil.
makalani
Champion Author Hawaii

Posts:12,034
Points:2,828,860
Joined:Oct 2005
Message Posted: Mar 27, 2012 2:36:08 PM

Hey, big deal... We're closing in on 5$/gal in Hawaii. Some islands are already *over* it.
jetlagAK
Champion Author Anchorage

Posts:2,524
Points:723,430
Joined:Jan 2010
Message Posted: Mar 27, 2012 2:33:44 PM

We are in the $4.30+ range.

Anyone else 2012!

[Edited by: jetlagAK at 3/27/2012 2:34:03 PM EST]
SpankyMI
Champion Author Kalamazoo

Posts:5,397
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Joined:Jan 2011
Message Posted: Mar 27, 2012 2:31:10 PM

In Battle Creek, Michigan the price just went up 23 cents a gallon (at 1:30 p.m. EST). (Current price $4.159)

[Edited by: SpankyMI at 3/27/2012 2:32:12 PM EST]
dsaine
Champion Author North Carolina

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Message Posted: Mar 27, 2012 2:29:46 PM

Remember to vote in November.
big_mac64
Champion Author Tennessee

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Message Posted: Mar 27, 2012 2:28:48 PM

and???
pickledude72
Champion Author California

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Message Posted: Mar 27, 2012 2:27:15 PM

Greed vs Need
jjw0608
Champion Author Milwaukee

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Message Posted: Mar 27, 2012 2:24:41 PM

Not suprising at all!
Blackice
Champion Author Twin Cities

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Message Posted: Mar 27, 2012 2:24:20 PM

Gnusman53...Get it right! Obama, Democrats and the GOP are destroying this country.
Tripacer
Veteran Author Michigan

Posts:265
Points:100,750
Joined:Apr 2011
Message Posted: Mar 27, 2012 2:23:17 PM

It just went up here in Michigan 21 cents a gallon, it is now $4.15 here in Richmond MI
Gnusman53
Champion Author San Diego

Posts:11,576
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Message Posted: Mar 27, 2012 2:23:14 PM

ahhh stevie ... the GOP-bot..
boldrph
Champion Author Topeka

Posts:22,114
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Message Posted: Mar 27, 2012 2:22:03 PM

if the gas weren't worth the price we wouldn't buy it
MDTDriver
Champion Author California

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Joined:Jul 2006
Message Posted: Mar 27, 2012 2:20:01 PM

We have more oil in the USA than we need? And we export most of it so we have the highest pump price! Do we have a problem?
freedomsailor
Champion Author Naples

Posts:5,383
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Message Posted: Mar 27, 2012 2:18:26 PM

Ah, stevekr. Kinda got your needle stuck, huh?
Bigtex09
Champion Author Dallas

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Message Posted: Mar 27, 2012 2:17:53 PM

November 2012!
stevekr
Champion Author Oregon

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Message Posted: Mar 27, 2012 2:09:04 PM

Impeach Obama. Fire/Censure/Vote Out Reid and Pelosi.
Tomeboy
Champion Author Twin Cities

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Message Posted: Mar 27, 2012 2:08:53 PM

“Speculation is now part of the DNA of oil prices. You cannot separate the two anymore. There is no demarcation,” said Fadel Gheit, a 30-year veteran of energy markets and an analyst at Oppenheimer & Co.

“These people are not there to be heroes. They are there to make money. It’s our fault because we are allowing them to do that,” said Gheit. “Obviously these people are very strong, and the financial lobby is the strongest of any single lobby. I’ve been in this business 30 years, and I can tell you I think this is smoke and mirrors.”

Smoke and mirrors, people, that’s all this is, and its driven by a sector of America – Wall Street – that doesn’t give a rat’s a$$ about the American people, the economy or how difficult it is financially when gas prices rise to these levels.

The oil industry will do whatever it takes to protect their own monetary pipeline.
greenfog
Champion Author Illinois

Posts:9,698
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Joined:Feb 2008
Message Posted: Mar 27, 2012 2:06:26 PM

it 4.09 a couple of weeks ago in this area, but it is gradually dropping now.
Heltonw
Champion Author Montana

Posts:6,533
Points:2,434,450
Joined:Dec 2007
Message Posted: Mar 27, 2012 2:05:51 PM

There is no reason for the price to be that high. We have plenty of oil in the US. Let us use it.
snappytom2
Champion Author Corpus Christi

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Message Posted: Mar 27, 2012 2:04:18 PM

So?
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