Anyone else watching the news on their predictions on the gas prices this spring and summer? I hope they are full of s*** because it will absolutely kill me in the landscape business. You can only go up on your prices so much. They are saying that 87 octane will be over $5 a gallon. If that's the case what's diesel going to be $7? I run diesel dump trucks and each truck now is over $120 to fill. Just scary to even think about it , they also said it last year and it never happened but I've also seen a big increase over the last few weeks in Mass.
For us small business owners It's reality. I hope your right Hooker but from what I'm hearing gas prices are hitting 5.00 dollars this summer. It scares me.
Yes they did and it never happened. The difference this year though is the situation in Iran seems to be escalating more quickly. With Iran's threat to cut off the Strait of Hormuz, among other things, gas prices could get ugly very quick.
On the other side..... With the mild winter there should be surplus of heating oil which should hopefully cause the refineries to make more gasoline and diesel fuel instead of home heating oil.
Gas in Florida is already over the $4 mark is it not? One thing to keep in mind is that the economy tanked when gas prices hit $4.11/gal. Typically I would dismiss it as fear mongering, however, like Phil said, the situation in the middle east and no other provisions here in the US may ultimately run them up for real this time.
Gas here in Florida is $3.62 for Reg and $3.98 for Supreme. I think it is mostly fear mongering but I would not be surrised to see $4.25 $4.30, anything above that would destroy this fragile economy.
I'm going to have to toughen up and start riding my bike instead of my F-150. Maybe get a small beater car?
what really sucks is being able to remember $0.18 per gallon gas prices and they were $0.33 when I started driving.
I have yet to see any of those pre season predictions by the so called experts be correct so I don't even listen to them. Sent from my DROIDX using Tapatalk
I can't remember that far back Iowa but I do remember diesel prices at .65 and .75 a gallon. People here are talking about the end of the world at $4/gallon gas but heck, I have been paying just under that for diesel for a couple of months now.
The lowest gas prices around here are $3.88 and up for regular, midgrade is in the $3.90s, premium over $4. Diesel $4.25and up. That's in Rome NY 15 miles away. Out here in the country it's more.
Overseas prices are driving up cost right now as we have more limited supply due to the US high export volume of gasoline refined in the US. I believe gas is now our biggest export. Our main concern should be that a more limited demand here in the US will continue to drive exports of gas.
Here's the way I see it. They keep driving up the estimate and raising the price, then it goes down, but not down to where it was before it started to raise. Everyone is just glad they are not paying that top dollar that it was for a short time, and people quite complaining about the price of gas. If the price of gas gets to the $4-5 range, it will be another disaster for our country. The price of gas was a major contributor to the collapse of the housing market, in addition to the subprime loans. People were getting by, paycheck to paycheck and were holding their heads just above water, then the price of gas rose, followed quickly by higher prices for food and commoditities. That quickly pushed people over the edge financially, couple that with their subprime mortgages and balloon payments, they were out of options and defaulted on their homes. I have yet to see any positive movement towards alternative energy that are feasible. Electric cars? Not even close. Give me a car that can go 300 miles on a single charge and sells for a comparable price to a car w. an internal combustion engine, then lets talk, until then, their nothing but a cop out by the car companies hoping to stay on every ones good side.
A lot of truth to that... Don't think the crazy gas prices got as much 'credit' as they deserved contributing to the economic issues.... Sad thing is a lot of the price hikes are just due to speculation - there really isn't an actual shortage of fuel to justify these types of prices... Funny how record prices normally equals record profits for oil companies....
