Gasoline price spike has only just begun ($3.75 gas in coming weeks) - CNNMoney

[Eugene]

Source: CNNMoney.com

Gasoline price spike has only just begun

Motorists should expect to pay upwards of $3.75 a gallon
in the coming weeks as prices at the pump catch up with
record crude, but relief may arrive by summer.

By Steve Hargreaves, CNNMoney.com staff writer
Last Updated: March 19, 2008: 11:35 AM EDT

NEW YORK (CNNMoney.com) -- Gasoline has hit record levels
- and experts say it will likely continue to soar in tandem
with the skyrocketing price of crude.

The national average retail price for gas has risen about
30 cents in the past month to $3.279 a gallon, exceeding the
all-time high set last year, according to the motorist
organization AAA.

And experts say motorists should prepare to pay nearly $4 a
gallon - and in some places even more than that - before the
price of gas finally comes down in the late spring as high
prices crimp demand.

-snip-

Experts say this time around the spike will be more pronounced,
mostly due to the surging price of oil and, to a lesser extent,
refiner's attempts to grow their profit margins.

-snip-

Read more: http://money.cnn.com/2008/03/10/news/economy/gas_prices/index.htm?cnn=yes

[China_cat]

1. In coming weeks?

It's here now. Along with $4+ diesel fuel.

[DemocratInSoCal]

2. GOOD!!! FUCKING GOOD!!!!

Let it hit $5/Gallon.

$6/Gallon.

MAYBE THEN PEOPLE WILL FUCKING NOTICE. There isn't a God-Damned thing people notice. And * still has 31% approval.

They want to run out the clock, so they can blame EVERYTHING that's about to happen, on the next Democratic President.

Fuck the folks in their Hummers & SUV's, with the Family Fucking Trees on the back windows. Let them face a bit of Reality for a change.

BRING IT ON!!

[CRF450]

6. Right, and those of us who NEED to drive will get shafted in the end

Anything else you want to say instead of cheering on for people to not make a living anymore? Those of us who live in the country have no choice but to drive. And some of us have no choice but to drive a gas guzzler for a job that requires it.

Am I the only one getting sick of this attitude?

[uppityperson]

3. A local gas station told me they were told to expect $4.50 by Memorial Day.

And yes, the gas station people here are getting pretty worried.

[depakid]

4. $1.50 per liter in New South Wales

converted to US dollars per gallon, that's $5.22

Anyone have a guess about how the US economy would handle that?

[Delphinus]

5. The economy we have now?

I think it doesn't bode well for most of us.