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Government warns of late-summer gasoline price surge

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RamboLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-13-03 11:13 PM
Original message
Government warns of late-summer gasoline price surge
http://www.cnn.com/2003/US/08/13/gas.prices.reut/index.html

As the U.S. summer vacation season winds down, Americans face a surge in gasoline prices, the government warned on Wednesday.

Pump prices have increased 5.5 cents a gallon nationally over the last two weeks, the Energy Information Administration said in its weekly review of the oil market.

"It's possible that we may be in the midst of another late-summer surge (in gasoline prices)" said the agency, which is the Energy Department's analytical arm.

Higher gasoline prices pinch the pocketbooks of consumers and create a drag on the U.S. economy.

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revcarol Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-13-03 11:21 PM
Response to Original message
1. But...but...but...
Iraqi oil is flowing to Turkey.

Doesn't that warm your cockles?
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DrPepper Donating Member (194 posts) Send PM | Profile | Ignore Wed Aug-13-03 11:48 PM
Response to Original message
2. Peak Oil Already???
Is anyone else getting the sinking feeling that Kenneth Deffeyes may be right when he says he thinks 2000 will be seen as the world's peak oil production year?

Deffeyes is a former oil industry scientist, professor at Princeton, wrote the book _Hubbert's Peak: The Impending World Oil Shortage_.
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catzies Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-14-03 01:52 AM
Response to Original message
3. I saw an 8-cent hike just today.
The station I pass to and from work every day had 1.77 this morning and 1.85 by this afternoon.
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MissouriTeacher Donating Member (476 posts) Send PM | Profile | Ignore Thu Aug-14-03 01:59 AM
Response to Reply #3
4. Yep...
it's already happened here too. Gas shot up $.10 today.
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pfitz59 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-14-03 11:18 AM
Response to Reply #4
5. Same here in WA
Ironic that Exxon and Texaco have reported record earnings last 2 quarters? The fix is in.....
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2548HR Donating Member (588 posts) Send PM | Profile | Ignore Thu Aug-14-03 12:34 PM
Response to Original message
6. already up 10 cents
here in cocoa, Fl from last week, stunned us.
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Heddi Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-14-03 12:39 PM
Response to Original message
7. Amazing how EVERY SUMMER
gas prices go up...EVERY SUMMER....right around this time of year....strange, that.

I saw gas prices jump $0.14 in the last week.

Last Monday--$1.55 for mid-grade
Last Wednesday $1.59 mid grade
This Monday: $1.65 mid grade
Today: $1.69 midgrade

fugging amazing....
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Snellius Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-14-03 12:39 PM
Response to Original message
8. Do any of these people actually gas up a car?
Isn't this like warning the survivors of capsized ship that they might drown? Where have they been? Gas prices are already through the roof.
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noonwitch Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-14-03 12:41 PM
Response to Original message
9. Doesn't this happen every summer?
Ever since 2000 (when the oil companies wanted us to vote republican), the prices have surged in the summer. My guess is that the companies are able to make record profits, with all the travel and the number of people who now prefer driving to their destinations than flying.
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Tempest Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-14-03 12:45 PM
Response to Original message
10. 12 cent hike in the last 3 days
Up to $1.72 at the cheapest station in Bakersfield, CA.
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samsingh Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-14-03 12:46 PM
Response to Original message
11. no kidding
at this stage they are telling us history
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goforit Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-14-03 12:48 PM
Response to Original message
12. US GOV..............You're two weeks tooooooo late!
After you have already hiked it up by twelve cents you announce
there is gonna be a hike????????????

Putzs!!!!!!!
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Ganja Ninja Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-14-03 12:52 PM
Response to Original message
13. This must be what Bush meant when he said ....
the economy is on the road to recovery.

Big Oil is going to recover those child tax credits they just passed out.
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realFedUp Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-14-03 01:14 PM
Response to Original message
14. take the train.
I have to say I love the Amtrak ride from LA, anywhere north or
south in CA...try it. Great views of the ocean, air-conditioned, large comfy seats, tray tables, cafe car, clean bathrooms...and no hassle of driving. Sorry if I sound excited, but I hadn't ridden
a train in awhile...
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farmbo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-14-03 01:23 PM
Response to Original message
15. Thanks a lot a**holes... just give Big Oil the political cover they nee
...to justify a big time ratcheting up of fuel prices!

"..it must be necessary... the Government predicted it last week."
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