For the first time ever, the average price of gasoline across the United States surpassed $3.50 a gallon on Monday. As prices surge, some analysts are predicting prices as high as $4 a gallon, while others foresee a drop to $3 a gallon this summer.
High gasoline prices aren’t the only concern for motorists. Diesel fuel is also on the rise, reaching $4.20 per gallon on Monday — more than a dollar higher than the $2.93 recorded in April 2007, according to the Associated Press.
Of course, none of this should come as a surprise. Crude oil hit a record for the seventh day in a row — $118 Tuesday morning. The real question is: what happens next?
Different analysts are painting two decidedly different pictures. According to the AP report, many analysts are calling for gas prices in excess of $4 per gallon. A few weeks ago, the U.S. Energy Department even predicted the average gasoline price could peak as high as $4 in June.
The alternative viewpoint is prices have nearly peaked already. Some experts think prices may plateau or drop off in June. According to the Detroit News, the nation’s economy could stabilize in June, with motorists driving less and investors backing away from the commodities market. If that happens, we could again see prices in the $3 range, some analysts claim.


04/22, 10:04 AM
posted by:
HemiRoadRunner
Like $3 a gallon wasn’t enough they have to jack it up to $3.50. What a rip off. It’s so obvious they raise the price on speculation but when the speculation is in our favor they shut their facilities down until demand goes back up. These oil company CEO’s need to be dragged into the street and have their @$$’s beat down by the American public.
04/22, 10:13 AM
posted by:
shaver
Euros look at the US like we are crazy when we complain about our prices. But this level of inflation is just a dangerous indication of what to expect when China or powers of Middle east, start to dictate policy.
04/22, 10:14 AM
posted by:
crash1433
I just paid 3.959 for ultra for my motorcycle last night. Regular is 3.669. Diesel here is 4.659. I don’t think we have seen the worst of this yet. The famous “summer driving season” is yet to hit and that is the excuse the oil companies use every year to push the price up a couple of cents. That and “planned maintenance” at a refinery or two.
04/22, 10:28 AM
posted by:
shaver
A refinery should be catching on fire any day now.
04/22, 10:34 AM
posted by:
mayer_ray_nagin
It’ll be a combination of an “unplanned” refinery fire or two and “planned” shutdowns of many major piplines for inspection and cleaning which should coincide well with Memorial Day, 4th of July, and Labor Day, which of course even though they were “planned” no accomodations are made for contingency supplies to fill the void and ease the pain. Fekkin gas-holes.
04/22, 10:35 AM
posted by:
Need4SSpeed
yeah these prices are f*ing rediculous.
04/22, 10:36 AM
posted by:
johnnycanuck
My wife and I just got back from a 3 day weekend in the British Columbia interior last night. The prices ranged from $1.189 to $1.289 per Cdn litre. That works out to between $4.50 and $4.88 per US gallon in Cdn dollars. And that’s for the dishwater; premium puts you way, way over 5 bucks.
So think twice before you come up North this summer. The price ALWAYS goes up here, and it doesn’t look like the exchange rate is going to be much of a factor either.
04/22, 10:53 AM
posted by:
tripleonefive
Just get a stagecoach and instead of horses just use the homeless to pull you along
04/22, 11:03 AM
posted by:
planet_drive
I like it that gas is getting so expensive for alot of people. I truly hope it hits $5 very soon, and it will by next year. I laugh at those pretentious snobs driving their oversized heavy and tacky escalades and navigators spending almost $100 on a fill up. I love that my WRX wagon with a bit over 400hp only costs me $45 to fill up, and its faster than any escalade or navigator, has better fuel economy, and is a more capable off roader than those giant wannabe trucks.
04/22, 11:05 AM
posted by:
roger426
lets see oil companies have set record after record for profit and sales…and yet the US Gov. has found ways to give the oil companies tax breaks on imports. We have plenty of oil in our own country, but yet we are in bed with the oil companies of the middle east, this completley paralyzes us, we are puppets to the oil.
04/22, 11:09 AM
posted by:
DeansterTJ
Now with China driving up demand we’re all ****ed. This is the end of the SUV/truck era, get ready for some lean years. I make more than enough money to drive a gas guzzler around, but filling up the Wrangler for $100 and getting 300 km (under 200 miles) in the city is ****ing horrific.
And ditto Johnnycanuck, we’re getting raped up here.
04/22, 11:22 AM
posted by:
F451
People have been walking away from mortgages, I wonder how many are going to start walking away from their gas-guzzlers?
04/22, 11:41 AM
posted by:
F451
Can we repurpose SUVs into housing?
04/22, 11:49 AM
posted by:
jumpoffit
and this tax rebate we’re getting in the U.S. is supposed to go to what? back to the gas companies since we can’t drive anywhere to enjoy that 600 dollars :-/
04/22, 12:01 PM
posted by:
HemiRoadRunner
I’m glad these CEO’s are enjoying today on their multi million$ yacht not doing $H!T while I had to drive to work and later on have to fill up my tank with more of their BS gas.
04/22, 12:18 PM
posted by:
davebo
You know what’ll cost a ton to fill up? Those oil exec’s yachts! Hah, that’ll show ‘em!
04/22, 1:04 PM
posted by:
RaineMan
I’m betting on $4/gal by memorial day… and $5/gal by labor day. This is a runaway train and will never stop until something drastic is done.
04/22, 1:21 PM
posted by:
1c3d0g
Yay! Let’s give more of our hard-earned money to the Oil Cartels and Oil Sheiks.
F*cking greedy pigs. Something big and dramatic needs to be done to remedy these ridiculous prices, but it seems no one in the current administration seems to give a damn.
04/22, 1:24 PM
posted by:
HemiRoadRunner
When there’s a Bush and a Dick in the office, you know someone is getting screwed.
04/22, 1:30 PM
posted by:
Impulsive
What’s funny is the view by some that CAFE is bad when at the same time gas prices continue to rise. Time to adapt ****wads.
And for those of us living in Canada, stop complaining … imagine what prices would be if our dollar wasn’t on par with the US? And don’t forget that higher prices will be mitigated by a continuing improvement in the Cdn dollar … remember this, it will hit $1.15/US dollar soon. I will remind you all. As I called par over a year ago, as I called for $100 oil over a year ago, as I called $4/gallon over a year ago.
I should add, if you’re planning on buying a new vehicle in Canada this year, hold off until our dollar hits $1.10 to $1.15 and buy in the States.
04/22, 1:34 PM
posted by:
400horseSS
I want $22 a gallon gas, then we’ll stop depending on foreign oil.(Extreme sarcasm)
04/22, 1:37 PM
posted by:
400horseSS
Yet some of you assholes think, its ok to take a paycut to $14.
04/22, 1:37 PM
posted by:
HemiRoadRunner
I just want deanster to pump my gas for me next time I pull in at the gas station, better be cleaning my windows too B!$%H!!!
04/22, 1:43 PM
posted by:
jpruden
Heck… gas here in California is almost $4.00 per gallon already.
Premium is at $4.10 and diesel is over $4.30.
04/22, 2:07 PM
posted by:
MercMark
Wait till the Demoncrats get in. They show you what a real cost increase is.
04/22, 2:10 PM
posted by:
hateful83
I seems like they’re trying to drive us crazy with this ****. One day it’s up 2cents, the other it’s down 2cents. Really, at this point, I don’t give a ****. And if it gets to a point where I can’t afford to put gas in my car then I’ll worry. The financing company can expect to not get any more payments either.
04/22, 2:22 PM
posted by:
mayer_ray_nagin
It’s getting so bad that Al Gore is actually trying to find ways to reduce his energy consumption from 30 times what the average household uses down to 28 times.
04/22, 2:30 PM
posted by:
Impulsive
‘horsey’, I don’t think you should be making $14/hour. It should be a bit higher … unfortunately for you, that job should be paying $5/hour in China. That’s not being an asshole, that’s just FACT.
04/22, 2:34 PM
posted by:
jumpoffit
i’d like to know why pay increase in the ENTIRE workforce hasn’t risen, gas is up which causes everything else we buy to rise as well, except were are earning as much to pay for this such as food or gas- if gas is rising so much along with everything else, when do we see an increase in our pay rates to compensate?
04/22, 2:39 PM
posted by:
HemiRoadRunner
They raise gas prices because they’re a bunch of greedy @$$’s. U.S demand is down, haven’t you noticed whenever we start figuring out what they’re doing they come up with another generic excuse, like India’s growing or China’s growing. Yeah, they grew so fast in 3 weeks that gas went up .50 cents a gallon. They get us thinking gas will go to a certain price, we start believing it, so since they know we think it’s possible, they make it happen, and since we thought it would happen there isn’t a suprise. Sounds screwed up doesn’t it?
04/22, 2:44 PM
posted by:
HemiRoadRunner
It’s funny how when speculation is in OUR favor (demand is down), they compensate by slowing production to get demand back up. We just can’t win. But, we could catch one of them out in their yacht and pillage them like a bunch of pirates.
04/22, 2:46 PM
posted by:
d0nk3x
Stupid. Gas never goes back down for a sustainable period of time. Going down in the summer? wtf that’s unheard of
04/22, 4:49 PM
posted by:
400horseSS
$14.50 sounds great.
04/22, 6:00 PM
posted by:
wobbs
i knwo this is about cars and power etc but i must add to the debat about the cost of fuel.
In the UK its over $ 10 a gallon - now you now why we dont drive hummers or a Saleen S281 in the uk, we would be more than happy to pay ” two pounds fifty pence” ( 5 dollers) for a gallon of fuel, and under $45000 for a base es 3 series, but its a sad fact but youll never see the doller or sub 3 dollar a gallon again - fuel efficient cars are the only most normal working folk can save hard earned cash, its why 50% of company cars in the uk are diesel, I remembr a few years ago a taxi driver in san franciso laughing when i said the taxi’s in the uk are mostly 2 ltr diesels, he couldnt get his head round it
Enjoy the cheap fuel whilst you still can…………………………
04/22, 6:04 PM
posted by:
HemiRoadRunner
I’m going to start siphening it out of SUV’s in the parking lots at night, and toyota prius’s to teach those arrogant tree huggers they aren’t safe from gas prices either.
04/22, 8:33 PM
posted by:
mayer_ray_nagin
HHR just brought up a point. I should go get a locking cap.
04/25, 5:51 PM
posted by:
beantownslut
I pay 358
that’s too much
stupid arabs and bush