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Gas Prices Continue To Swell In The Mid-Atlantic Region

CBS -- BALTIMORE — Gas prices are surging and quickly inching to $4.00 per gallon. This February is the earliest gas prices have ever topped the $3.50 mark.

The Mid-Atlantic region has been hit exceptionally hard, and as Tim Williams reports, the end may not be in sight just yet.

It’s being called a “crude awakening.”

“Hey, you can’t do nothing but deal with it. I mean, you got to reach in your pocket and do what you got to do,” said Lester Bailey of West Baltimore.
Analysts anticipate the Mid-Atlantic region will become a hot spot for gasoline prices in the near future. The next 60 days will prove extremely volatile for fuel costs up and down the East Coast.

“In the spring, when the refineries switch over to the summer fuel blends, they are actually cleaner burning fuels and better for the

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Submitted Feb 27, 2012 By: bar1035

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golftellowcat Champion Author Ottawa Posts:2,463 Points:695,800 Joined:Apr 2010	Message Posted: Mar 4, 2012 6:30:12 PM Ignore golftellowcat Report Abuse ok
honda0105 Champion Author Tallahassee Posts:18,650 Points:1,612,445 Joined:Nov 2008	Message Posted: Mar 1, 2012 6:05:05 AM Ignore honda0105 Report Abuse it's called Specutraitors Greed.
golftellowcat Champion Author Ottawa Posts:2,463 Points:695,800 Joined:Apr 2010	Message Posted: Feb 29, 2012 11:46:08 AM Ignore golftellowcat Report Abuse ok
SparkieMi Champion Author Kalamazoo Posts:3,277 Points:591,330 Joined:Sep 2011	Message Posted: Feb 28, 2012 3:49:31 AM Ignore SparkieMi Report Abuse Great post OGW !!!!
Rockthecasbah1 Rookie Author Milwaukee Posts:40 Points:2,365 Joined:Feb 2012	Message Posted: Feb 28, 2012 12:15:46 AM Ignore Rockthecasbah1 Report Abuse Glad I have an economical car. Bummer for all of those folks who decided that having a big gas guzzler was a right as an American. When I speak to my friends in Europe, Canada, Russia and elsewhere they laugh about how we whine about our prices and then do so little about it at a personal level. I for one am not depending on the govt to bail me out . . . they haven't so far and really why should they when we aren't doing much ourselves? Went to McDs today and laughed at all of the idiots sitting in line again at the drive-thru--looked across the street and there was a line at Starbucks--come one folks, who's the problem REALLY?
judgemobile Champion Author Ohio Posts:7,585 Points:2,448,060 Joined:Nov 2005	Message Posted: Feb 28, 2012 12:11:41 AM Ignore judgemobile Report Abuse more good news for Bummer to brag about in his re-election campaign.
granitestater Champion Author New Hampshire Posts:8,836 Points:1,432,700 Joined:Oct 2008	Message Posted: Feb 28, 2012 12:11:33 AM Ignore granitestater Report Abuse This is a result of Obama watering down the currency. Oil isn't going up. The dollar is going down... We got plenty of oil. There is just too many dollars on the market... [Edited by: granitestater at 2/28/2012 12:12:50 AM EST]
lowpet All-Star Author Texas Posts:527 Points:86,915 Joined:Dec 2008	Message Posted: Feb 28, 2012 12:10:59 AM Ignore lowpet Report Abuse DRILL BABY DRILL
heartbroken2010 Champion Author Ottawa Posts:4,359 Points:900,460 Joined:Aug 2010	Message Posted: Feb 28, 2012 12:08:27 AM Ignore heartbroken2010 Report Abuse we up here are paying $5.72 CDN a gallon right now , & i fear that it wont get better for a bit yet . (4.5 ltrs = 1 gallon)$1.27.2 per litre we pay , OUCH !!
rtw777 Champion Author Florida Posts:9,411 Points:1,844,920 Joined:Jan 2008	Message Posted: Feb 28, 2012 12:07:42 AM Ignore rtw777 Report Abuse Down south also. And the west, far north and all points in between.
Blue_Cruzer Champion Author Lexington Posts:7,535 Points:1,672,510 Joined:Mar 2007	Message Posted: Feb 28, 2012 12:07:27 AM Ignore Blue_Cruzer Report Abuse I don't like it.
BCM1 Champion Author Pennsylvania Posts:1,864 Points:782,995 Joined:Jun 2007	Message Posted: Feb 27, 2012 11:56:10 PM Ignore BCM1 Report Abuse At this rate, we will be at $4 by the Ides of March.
LaVonneK Champion Author Iowa Posts:2,955 Points:629,450 Joined:Jul 2011	Message Posted: Feb 27, 2012 11:55:52 PM Ignore LaVonneK Report Abuse Not good.
DEG Champion Author Las Vegas Posts:17,635 Points:3,497,630 Joined:Jul 2003	Message Posted: Feb 27, 2012 11:49:15 PM Ignore DEG Report Abuse The west coast is at the mercy of Big Oil in CA. I say that we should drill off the coast of CA to reduce the distance from well to refinery.
zeddieiv Champion Author Columbia Posts:5,740 Points:1,504,905 Joined:Oct 2006	Message Posted: Feb 27, 2012 11:48:42 PM Ignore zeddieiv Report Abuse I saw for myself
preacherjohn Champion Author Modesto Posts:4,002 Points:1,922,625 Joined:May 2006	Message Posted: Feb 27, 2012 11:46:52 PM Ignore preacherjohn Report Abuse We need help w/gas prices out here in the West.
blazerbob91 Champion Author Milwaukee Posts:6,160 Points:1,886,595 Joined:Aug 2005	Message Posted: Feb 27, 2012 11:45:51 PM Ignore blazerbob91 Report Abuse $4 here we come.
BoerneWatch Champion Author San Antonio Posts:15,557 Points:2,456,865 Joined:Oct 2005	Message Posted: Feb 27, 2012 11:45:00 PM Ignore BoerneWatch Report Abuse and the South and the North and the West and the mid-West......
jrsva Champion Author Virginia Posts:9,866 Points:1,615,135 Joined:Jan 2006	Message Posted: Feb 27, 2012 11:38:45 PM Ignore jrsva Report Abuse Happily, my farm tank is still half full with fuel I bought last fall. I’m NOT looking forward to filling in up in a month or so. That may well be my first kilobuck gas purchase.
thinkaboutit Champion Author Colorado Posts:1,071 Points:75,875 Joined:Jul 2005	Message Posted: Feb 27, 2012 11:36:19 PM Ignore thinkaboutit Report Abuse One can have it the communist way, wait in lines for products, or the free market way to have the price being determined by what a willing buyer is paying a willing seller.
txkrb Champion Author Texas Posts:1,564 Points:640,110 Joined:May 2011	Message Posted: Feb 27, 2012 11:35:02 PM Ignore txkrb Report Abuse Up .50 t0 .55 since December here ridiculous no real reason for that much of a jump
woburnspotter2 Veteran Author Boston Posts:480 Points:172,405 Joined:Apr 2007	Message Posted: Feb 27, 2012 11:34:35 PM Ignore woburnspotter2 Report Abuse The time when something could be done to help our prices now, has long past.' Presidential policy must look ahead, and it has not - . . . Failed us again!
ACTown Champion Author Oregon Posts:2,349 Points:1,432,120 Joined:Jun 2007	Message Posted: Feb 27, 2012 11:34:04 PM Ignore ACTown Report Abuse Even out here in the west.
carloco75 Champion Author Richmond Posts:3,726 Points:603,190 Joined:Oct 2010	Message Posted: Feb 27, 2012 11:31:58 PM Ignore carloco75 Report Abuse I could have saved 3% by filling up on Saturday...instead of having waited until Sunday...
darkknight1 Champion Author Winston-Salem Posts:4,350 Points:898,760 Joined:Nov 2010	Message Posted: Feb 27, 2012 11:30:54 PM Ignore darkknight1 Report Abuse Here comes the Great Depression 2.
buckeyeman Sophomore Author Columbus Posts:244 Points:10,100 Joined:Mar 2005	Message Posted: Feb 27, 2012 11:29:03 PM Ignore buckeyeman Report Abuse "A great depression is headed our way soon if we don't develop an energy plan that will get us off foreign oil." Absolutely True, and we never got out of thr great recession, just stopped the freefall.
mcmonsta Champion Author Honolulu Posts:3,237 Points:821,245 Joined:Sep 2009	Message Posted: Feb 27, 2012 11:28:40 PM Ignore mcmonsta Report Abuse up like a ballon, but hopefully the ballon drops soon!
speedys Champion Author Utah Posts:7,032 Points:2,561,810 Joined:Nov 2005	Message Posted: Feb 27, 2012 11:28:27 PM Ignore speedys Report Abuse This is just wonderful for summer.
OGW Champion Author London Posts:5,334 Points:1,534,725 Joined:Sep 2005	Message Posted: Feb 27, 2012 11:28:15 PM Ignore OGW Report Abuse The world price of fuel is set in New York City by a group of people on Wall Street who don't give a damn about anything but their pocketbooks and until they are put in their place the rest of us will suffer. It does not matter where the oil comes from, home or abroad, or how much we use or do not use, prices are Wall Street's call. Those blaming all other reasons just don't get it, it is a world problem "Made in America".
lesndave Champion Author Texas Posts:3,052 Points:704,080 Joined:May 2011	Message Posted: Feb 27, 2012 11:27:56 PM Ignore lesndave Report Abuse On and on it goes............
PoohMcGoo Champion Author Alabama Posts:3,077 Points:803,385 Joined:Dec 2010	Message Posted: Feb 27, 2012 11:26:54 PM Ignore PoohMcGoo Report Abuse It's been going up 2-6 cents a day for at least 2wks here now.. without much of a break from increases..
Prodaddy Champion Author Houston Posts:8,395 Points:1,898,110 Joined:May 2007	Message Posted: Feb 27, 2012 11:25:19 PM Ignore Prodaddy Report Abuse We are ver gonna get back to normal
mstearno Champion Author Dayton Posts:8,080 Points:1,734,140 Joined:Jan 2008	Message Posted: Feb 27, 2012 11:23:52 PM Ignore mstearno Report Abuse economy will tank if we don't drill soon just say it and Saudis will crumble like the last time when gas was 145 per barrell
skb69sa Champion Author San Antonio Posts:3,502 Points:714,300 Joined:Mar 2011	Message Posted: Feb 27, 2012 11:21:15 PM Ignore skb69sa Report Abuse Speculators are ruining the livelihood of everyone
thinkaboutit Champion Author Colorado Posts:1,071 Points:75,875 Joined:Jul 2005	Message Posted: Feb 27, 2012 11:20:18 PM Ignore thinkaboutit Report Abuse It is considered expensive all over the world, how can there be a true political solution? The only way not to feel gouged is to buy less! Many blame minor contributing factors (like speculation!), not the major reason for the prices (the most major is that 100s of millions of consumers world wide buy, because the fear of not being able to is still greater than paying what is currently asked. Increases will stop when people no longer buy as much or cannot buy as much. It also depends on the economy (or does the economy depend on the gas price?)
Pumpz Sophomore Author Boston Posts:197 Points:887,125 Joined:Apr 2004	Message Posted: Feb 27, 2012 11:18:06 PM Ignore Pumpz Report Abuse Thank goodness for 35+ mph and my 5% rebate gas card!
ExplorerWA Champion Author Washington Posts:4,093 Points:800,075 Joined:Feb 2011	Message Posted: Feb 27, 2012 11:17:53 PM Ignore ExplorerWA Report Abuse A great depression is headed our way soon if we don't develop an energy plan that will get us off foreign oil.
kcboy Champion Author Utah Posts:3,983 Points:1,510,725 Joined:Jun 2005	Message Posted: Feb 27, 2012 11:17:38 PM Ignore kcboy Report Abuse Bad deal we are going to end up in a deep recession.
Jeannemarie Champion Author Las Vegas Posts:27,700 Points:2,035,640 Joined:Aug 2005	Message Posted: Feb 27, 2012 11:15:00 PM Ignore Jeannemarie Report Abuse Well, they (whoever "they" is) have been saying for months that it would rise so it rises like bread from yeast growth. If you continue to bellyache and complain all the time that it is GOING to rise, you are the heat fueling the rise!
Blue48 Champion Author Illinois Posts:7,320 Points:1,640,870 Joined:Feb 2007	Message Posted: Feb 27, 2012 11:12:57 PM Ignore Blue48 Report Abuse BUMMER NEWS EVERYBODY IN THE U.S.A.!
hagar2935 Veteran Author Nevada Posts:315 Points:85,155 Joined:Dec 2011	Message Posted: Feb 27, 2012 11:08:53 PM Ignore hagar2935 Report Abuse Obama is laughing quietly as he watches the Country fade away into another Depression...... His dreams of destroying America (Read his book "Memories of My Father" to get an insight into his convoluted brain)are coming together!
walkingtall Champion Author Toronto Posts:4,014 Points:1,124,605 Joined:Nov 2004	Message Posted: Feb 27, 2012 11:07:57 PM Ignore walkingtall Report Abuse Gas prices continue to swell in the mid-atlantic region,spectulators are running wild and government has no interest in stopping them.
skybiker Champion Author South Carolina Posts:7,313 Points:1,562,440 Joined:Jul 2008	Message Posted: Feb 27, 2012 11:07:25 PM Ignore skybiker Report Abuse As They Planned...
Lukus Champion Author Halifax Posts:8,299 Points:1,677,455 Joined:Nov 2007	Message Posted: Feb 27, 2012 11:04:05 PM Ignore Lukus Report Abuse The spectulators are running wild and Obama has no interest in stopping them.
DeHavilland Champion Author Toronto Posts:5,890 Points:1,907,165 Joined:Jun 2007	Message Posted: Feb 27, 2012 11:00:24 PM Ignore DeHavilland Report Abuse Noooo, say it isn't so..........
Ticoman54 Champion Author Miami Posts:7,051 Points:1,494,495 Joined:Oct 2008	Message Posted: Feb 27, 2012 11:00:10 PM Ignore Ticoman54 Report Abuse The ripoff continues...
murph777 Veteran Author New Jersey Posts:328 Points:65,180 Joined:Jan 2012	Message Posted: Feb 27, 2012 10:59:47 PM Ignore murph777 Report Abuse On and on it goes, and where it stops nobody knows.
bif65 Champion Author Virginia Posts:1,023 Points:195,880 Joined:Jan 2011	Message Posted: Feb 27, 2012 10:57:54 PM Ignore bif65 Report Abuse ok
camel1 Champion Author Minnesota Posts:8,280 Points:2,268,565 Joined:Jul 2006	Message Posted: Feb 27, 2012 10:52:56 PM Ignore camel1 Report Abuse They are swelling in the entire country.
tippybuddy Champion Author Ontario Posts:1,523 Points:207,740 Joined:Feb 2011	Message Posted: Feb 27, 2012 10:49:26 PM Ignore tippybuddy Report Abuse there will be no recovery until prices get stable and that doesn't look like it's about to happen anytime soon...I'm pretty sure it's mostly speculators causing these prices to go so high...too bad we all don't have the money to play on the stock market, but then again we'd be as bad as them trying to get more profits...