Gasoline at Record High for 3rd Week($2.22/gallon)

[RedEarth]

WASHINGTON (Reuters) - The U.S. retail price for gasoline climbed to $2.22 a gallon, setting a record for the third week in a row, the government said on Monday.



The national pump price for regular unleaded gasoline jumped 6.4 cents over the past week and is up 44 cents from a year ago, according to a weekly survey of service stations by the U.S. Energy Information Administration.

Gasoline prices are up because of higher crude oil costs, which topped a record $58 a barrel on Monday, and due to strong demand for motor fuel.

The EIA said pump prices are expected to keep rising through the Memorial Day holiday in late May, the beginning of the busy U.S. summer driving season.

The most expensive gasoline was $3.08 a gallon in March 1981, when adjusted for inflation, according to the agency.

http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=8082376

[Demeter]

1. Yupp. Let's Just Shut Down the World Economy

and let the religious stew in their own contradictions.

[ClintonTyree]

3. I want to see how....

the government is going to fudge the inflation numbers to compensate for this. This is going to kill an already ailing economy. I laugh out loud at those clowns on CNBC saying how "robust the economy is". This could plunge the country into a depression.

[alfredo]

15. They will exclude food and fuel from the numbers.

[ClintonTyree]

2. I WISH gas was at $2.22 a gallon around here....

I live in wonderful New York, home of the highest gasoline taxes in the country!
I drive approx. 30 miles to the Seneca Indian Reservation where it's tax free. I figure that round trip I may save a few dollars per tankful after mileage, but the State isn't screwing me into oblivion. I also support the rights of sovereign Native Americans. Centuries later and we're STILL not finished reneging on treaties and trying to steal their land.

[POAS]

4. Ohio (the BLUE part) $2.29

[mtnester]

13. Franklin County went to $2.37

at least in the suburbs

[Warpy]

5. Three bucks a gallon is fine with me right now

I drive a 15 year old Ford Ranger, 4 chipmunk engine. It dies on steep hills, but I don't ask it to do too many of those. I use a scooter for all short trips when I don't have to haul multiple bags of groceries.

We saw in the 70s that jacking gas prices WAY UP is the only way to get Joe Moron out of his gas guzzling penis extender and into something a little more reasonable. The air got a little cleaner and traffic got a little better and you could actually find an ordinary passenger car in a parking lot without having to walk up and down rows of oversized tanklike vehicles.

No, people don't like to be told what to do, how to live, and what to drive. When they're reacting to high gas prices, though, they can pretend it's their own decision and conservation happens.

[obxhead]

7. absolutely.

I hate to say it, but I'm waiting for $5+/gal. Maybe then we can ride our scooters and bike with less fear of "death due to being crushed by an oversize automobile"

[Warpy]

9. Hear, hear!

I ride my scooter only on streets I'd take a bicycle on.

[Delphinus]

6. Jump of $.22

from this morning to this afternoon; NE Indiana. Selling for $2.39.

[cyberpj]

8. Get used to it - Rolling Stone article says this is the START

The Long Emergency
By James Howard Kunstler
Current issue - Rolling Stone Magazine

What's going to happen as we start running out of cheap gas to guzzle?

Carl Jung, one of the fathers of psychology, famously remarked that "people cannot stand too much reality." What you're about to read may challenge your assumptions about the kind of world we live in, and especially the kind of world into which events are propelling us. We are in for a rough ride through uncharted territory.

It has been very hard for Americans -- lost in dark raptures of nonstop infotainment, recreational shopping and compulsive motoring -- to make sense of the gathering forces that will fundamentally alter the terms of everyday life in our technological society. Even after the terrorist attacks of 9/11, America is still sleepwalking into the future. I call this coming time the Long Emergency.

(snip...)
Now we are faced with the global oil-production peak. The best estimates of when this will actually happen have been somewhere between now and 2010. In 2004, however, after demand from burgeoning China and India shot up, and revelations that Shell Oil wildly misstated its reserves, and Saudi Arabia proved incapable of goosing up its production despite promises to do so, the most knowledgeable experts revised their predictions and now concur that 2005 is apt to be the year of all-time global peak production.

It will change everything about how we live.

http://www.rollingstone.com/politics/story/_/id/7203633

[alfredo]

10. $2.34 a gallon regular unleaded. Lexington, Ky

I will be watching the oil company profits. If they are huge, we must raise holy hell.

I wonder how much of this price increase is due to bush's war.

[Dave Reynolds]

11. A lot, I think.

I don't have a link, but I recall reading that military fuel expenditures in Iraq and Afghanistan are coming out of the general supply, not the strategic reserve.

[alfredo]

14. We should be asking the question, how much of the increase

in the price of gasoline have to do with bush's wars. that might be a good letter to the editor.

I know there was a shortage of building supplies, mostly plywood, during early phases of the war.

[mtnester]

12. $2.37 per gallon - Greater Columbus Ohio Metro area, up from $2.13

the past couple of days. Highest it has ever been except when that Idiot at the Shell station went to $8.00 the day after 9/11 (he was run out of town BTW)

I still predict at or above $3.50 per gallon before years end

[suneel112]

16. $2.29 / gal in West Lafayette, IN

And I filled today, and it was up to $26 for 11 and a half gallons. I hope that fuel cells come out pretty damn soon!