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FORECAST: Could the Price of Gas Hit $7 a Gallon?

Business  (tags: economy, gas prices, consumers, world, usa, supply disruptions, uncertainty, government, business, money, debt, americans, politics, oil, society, news )

- 2906 days ago -
Gas prices keep jumping as the crisis in the Middle East continues. How high will they go?


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Barbara Erdman (63)
Friday March 4, 2011, 12:25 am
how preposterous is this!!!!!!! ....guess we will just have to wait and see....certainly hope not...noted and thanx Cal

Cristina M (137)
Friday March 4, 2011, 1:37 am
We need to move faster to other sources, a solar powered car would be fantastic, better than an electric one but we must move far far away from oil.

Carol H (229)
Friday March 4, 2011, 3:59 am
noted, thanks Cal

Kimberly Bennett (8)
Friday March 4, 2011, 6:19 am
Our gov does not give a shit about any of us unless we are rich. It was stated out of their mouths including the Presidents mouth. There is no reason for prices going up at all. It is all hipe and greed. That is what this country has came too last 20 years. i wish all of us to start doing more than protest to get things changed. It is going to come to marshal law here pretty quick in next few years. I see more than boy cotting going on. Lies, lies, lies is what we are told while the gov steals us blind. We are controlled monkeys doing what they want! Times have changed where it is our turn to stand up and fight back. We do not have to take this anymore. When it reaches that high lot more people will do bikes, horse, motorcycles etc. Our home town is a joke......making u have a license for a scooter now. Greed, Greed,

Amy Collins (42)
Friday March 4, 2011, 7:59 am
i JUST DO NOT UNDERSTAND IT!!! Yes there is a crisis in the middle east...Is it affecting trade,transport, or any way inhibiting our getting oil?!? NO IS THE ANSWER!!!! WTF? So basically some fricking asshole is sitting up there...big oil Im assuming....and he is like 'Look,something is going on...lets raise prices so that I can profit from this' Im so OUTRAGED by this!!!! What I want is for not be bought out by these bastards and to frickin stand up and say that they cant do this to us!!! I could understand if there was a real issue with oil trade BUT THERE IS NOT AN ISSUE...JUST A HINT OF AN IMAGINARY THREAT!!!! And for what? These big oil own everyone Im starting to believe....we are struggling so much as a nation and now this? Are you serious? Look Obama? Want to do something....regulate'd get some true thanks from the American people and a legacy to your name.....Cant do that?? Are you bought and paid for too? Who is there for us anymore....

Brenda Towers (0)
Friday March 4, 2011, 8:02 am
U.K. petrol prices are now at 130.9 pence per litre!

Roger Skinner (14)
Friday March 4, 2011, 9:09 am
Actually, the question is WHEN gas will hit $7/gal. and beyond. Unless we start getting serious about replacing gas as the main fuel source, I can guarantee that dwindling supplies will cause increasing costs down the road.

Past Member (0)
Friday March 4, 2011, 9:44 am
Gas prices in the U.S. have been unfairly held down by government subsidies to the oil companies for decades. Now, not even those subsidies will stop the rise. We had all better start learning how to use public transportation. The privately owned vehicle will soon only be known as a symbol of the wealthy elites who, of course, are the ones who ruined the U.S. economy in the first place.

Laverne Wallace (59)
Friday March 4, 2011, 12:49 pm
noted We should have been off of fosial fuels long ago. Big oil keeps it knocked in the head. They want to sell oil. This country needs to get away from oil and work on things like wind power and solar power. If they can make a computer so small you can put it in you'r pocket why can't they get off oil?

Liev Black (4)
Friday March 4, 2011, 12:58 pm
I think it is AWESOME. It's the only way to stop climate change. Those of us complaining should have started their gardens (or joined community gardens), gone vegan, sourced local foods only, made root cellars, stocked up on non-perishables, found ways to live without driving everywhere, etc. Maybe it's not too late. Get off the goddamned grid. Because oil makes, and runs, everything. Truckers stop driving food to the stores at around $5/gallon.

John Williams (36)
Friday March 4, 2011, 1:24 pm
energy, energy, energy everywhere but not any to use except fossil fuels. Grow up America and do the right thing-----GO GREEN ----hell even Richard M Nixon (of all scumbags) wanted us to. Every President sicne Carte makes noise about it but big oil want let it happen !!!

Nelson Baker (0)
Friday March 4, 2011, 5:14 pm
Has the oil supply been decreased enough to reflect this horrendous price increase? Could a large part of the increase be due to speculators in the stock market?

Deborah L (70)
Friday March 4, 2011, 5:28 pm
Actually America has a larger oil reserves underneath it than is in the middle east. The real reason for the rapid rise in gasoline and food is not the because of the problems in the middle east countries, it is again what did it under Pres. Bush, speculation from the same people who bought America down before. We have then to thank for that and I thought Obama had rules in place to prevent this from happening again, but it looks like this was another thing he tried to do that the Repugs/GOP?'s destroyed all in the name of greed and big oil.

I am glad I am no longer in the work force. I did home care and sometimes put 200+ miles on my car just to get 8 hours of paid work, all that with very little or no reimbursement for gas for jobs over 25 miles from my home.

If gas gets to 4& a gallon, I doubt many will be able to afford that especially since the Repugs are trying to destroy minimum wage on top of that.

I say let big oil drown in their own products.

Eternal Gardener (736)
Friday March 4, 2011, 6:39 pm
Hopefully as much as is needed to get the attitude of the fossil fuel addicts changed!!!
This might be our chance to finally make some real progress and start moving forward!

Paul Elder (3)
Friday March 4, 2011, 6:54 pm
All those guys I know who said the Volt was a big mistake had better learn to eat some crow!

Yvonne White (229)
Friday March 4, 2011, 6:58 pm
Americans will NOT stand for outrageous gas prices.. Wisconsin was a warm up for the bigger fights ahead!

Sir Walk F (124)
Friday March 4, 2011, 8:55 pm
Well said, Brian.

Gas prices will very likely hit 7 bucks a gallon. The market can dictate whatever price it wants, because Americans will pay it.

Sorry to say for all the folks that think there is an easy transition, but there isn't. The vast majority of our Gas/oil usage is from transportation of goods, not personal transportation. And transport of goods cant be done with solar cars, hybrid cars or even electric engines (which are still powered by fossil fuels most the time).

People need to re-organize their lives for the inevitability of a higher gas prices in the future. Stop expecting 'the government' to fix it for you. They wont, and in the short term, cant.

As Liev says, grow your food, organize with neighbors, stop relying on goods and services that require shipping.

There is no magic "Green| bullet to fix this problem that goes WAAY beyond whether you drive an electric car or not.


Bonnie Clark (30)
Friday March 4, 2011, 9:49 pm
can't afford 4 dollars a gallon, but need transportation. Maybe it is time to put some heat into a good public transport system, and those of us who can walk or ride bikes part way, we will need safety spots to keep our bikes there.

Bonnie Clark (30)
Friday March 4, 2011, 9:55 pm
the Zietgiest web site, and Peter Joseph have some very interesting ideas, I see great possibilities. I researched his stuff and it is note worthy, however he hit on peoples right to partake in religion too much. I do not partake myself, but I am a spiritual and a moral person and believe that we all should and need to worship as we please as long as it is not calling everyone else (the antichrist).

JustaHuman Here (53)
Saturday March 5, 2011, 12:26 am
FORECAST: Could the Price of Gas Hit $7 a Gallon?"

Yes it could, if your government agrees.

KS Goh (0)
Saturday March 5, 2011, 12:38 am
Thanks for the article.

Mary Donnelly (47)
Saturday March 5, 2011, 1:28 am
Thanks Cal..

Yes it could; the price depends on:
1 .supply and demand;;
2. speculators; and
3. taxes.

In other places than the USA that price exists already.e.g. UK

Stan Joseph (8)
Saturday March 5, 2011, 10:19 am
Sooner than we think.

Ian Donelson (149)
Saturday March 5, 2011, 11:05 am
Good. We need a push to get out of our trucks and into hybrids. BTW for anyone voting Republican they just gave the Oil companies Billions of your money so they can take more at the pump. Keep up the bad fight.

gene w. (0)
Saturday March 5, 2011, 11:29 am
What happen to our reserve oil and all the oil that we have in the USA that can support the USA. It is time to refine our own gas while we change over to electric and or solar cars. The time is yesterday OR are we too dependant on other countries to do our work for us???. We have the technology folks.


Mary Festante (0)
Saturday March 5, 2011, 12:36 pm
I remember whe gas was $0.25 a gallon....before I die I'll proably see $25.00 a gallon!

William Ford (1)
Saturday March 5, 2011, 1:39 pm
Should not surprised! Since 11 years ago the electric car is supposed to develop but greed companoes stop it. Now they make us more sufferings becuase of their still greedy!

April Thompson (2)
Saturday March 5, 2011, 2:04 pm
Not surprised!

Marilyn K (50)
Saturday March 5, 2011, 2:08 pm
When there is any happening in the world our representatives immediately have an excuse to raise gasoline prices. We have reserves for release to the public to ease situations until they are solved. Why is it not being done? Why are the oil companies still getting tax breaks? As long as the GOP is busy cutting necessary funding for education, health care, infrastructure, seniors and the middle class and not putting forward any ideas for the oil crisis.

Roger G (148)
Saturday March 5, 2011, 2:22 pm
it's already the case in France !

Barbara V (51)
Saturday March 5, 2011, 4:47 pm
Sure, if we let it happen. And if it does, God help us re heating fuel.

Linda Dicmanis (5)
Saturday March 5, 2011, 4:56 pm
I think everyone needs to get on to internet and watch "A Crude Awakening" and get informed about oil. It's free - the documentary - not the oil. Why do most people not know about Peak Oil?

Rand Martin (27)
Saturday March 5, 2011, 5:27 pm
Aren't you glad the stupid people in America put the republicans back in power. In less than two months the Wall Street speculators have managed to get things headed ever upwards. I was almost getting used to the lower prices. With the sociopaths back in power, no need to worry about that.

Jean M (3)
Saturday March 5, 2011, 6:08 pm
Maybe everyone will quit running around like their behinds are on fire! ! ! ! !

Tracy G (3)
Saturday March 5, 2011, 7:01 pm
Time to sell my gas fueled car and invest in an alternative vehicle!

Melanie Clark (13)
Saturday March 5, 2011, 7:29 pm
Must get a new car that doesn't eat gas like mine does.

jane richmond (10)
Saturday March 5, 2011, 7:34 pm
gas guzzlers off the road

Lisa H (180)
Saturday March 5, 2011, 11:43 pm
Deborah L, your comment intrigued me, so I did some research. I'm not sure where you got your data, but according to the USGS, there are about 3.6 billion barrels in ND and surrounding area, and 900 million barrels under the arctic. Compared to the 760 billion barrels under the Middle East, the US reserves are a drop in the bucket. In addition, most of the 3.6 billion in the midwest is in shale oil, which completely destroys the water and land for many many miles around, because it has to be mined, not pumped. The US uses about 20.6 billion barrels a day, so the arctic reserve that repugs fight so hard to destroy will only provide enough oil for the US to run for about 40 days. THEN ITS GONE, and so is the arctic! So NO, it's not as simple as tossing in a few more wells. Even with the very best luck and technology, IF we could get the oil from the midwest, and IF we didn't destroy ourselves in the process, it still would only cover us for a year! Since most experts believe peak oil production from the middle east was in 2008, and the quantity is declining, the ONLY answer is to ELIMINATE our dependency on oil, or get used to paying FAR MORE than $7/gal.

Linda Dicmanis (5)
Sunday March 6, 2011, 2:19 am
Yeah - $7 a gallon is just the start. With demand increasing and oil supply decreasing due to peak oil, it will go way over $7 a gallon. Way, way over. And most of our products are either made of oil or use oil in the manufacturing process, or to transport. So it is not just the oil at the bowser that is going to rise, food security is going to be an issue. Right now the average carrot travels 1300km from paddock to plate. When there is no oil for transport, where will you get your food from? Anything plastic has petroleum in it, cd's the list is endless. A lot of items we take for granted we either won't be able to make, or afford.
Find out about peak oil. It's not just your car that is going to be affected.
What I find scary is that a lot of the previous comments are made by people who have no awareness of peak oil. And they represent the majority of the western population. Not going to know what hit them when oil becomes so expensive and so depleted nothing can move or be produced.

Carolyn Munro (37)
Sunday March 6, 2011, 6:18 am
At that price as it is always more in Canada than the US. I would need to stop wortking or look for another job as I work all over the province and I don't see an raiises cominng to help cover the cost

I believe that price is pure black mail. Scientists say there is enough oil on this earth to last for ever.. Then Alberta has to sell their oil to us. Right now it al goes to the US and the US want more. Canada gets very little of our own oil all because Alberta is oure greedy to get better prices from the US

Carolyn Munro (37)
Sunday March 6, 2011, 6:29 am
Did you know the US found oil on one of the planets. The problem is getting it to earth. I heard this on TV Fri on HLN

But then if there are such things as aliens. Then count on a war with them. so we never win in the war of GREED

But if there wasn't any greed on this planet there is enough oil in the US and Caanada to substain us all, scientists say. So politics must get the heck out of the way so drilling can be done in Alaska and other places. Canada needs to stop their $$$ greed also. There is billions of oil in that province to supply both countries

Oh I can see what is a head for us, a revolt over fuel

Sir Walk F (124)
Sunday March 6, 2011, 8:20 am
Contrary to many comments in this thread, there is no easy "green" transition. One can not transport goods efficiently without gas-powered engines or coal powered trains. "Solar cars" are a novelty, not practical. Electric vehicles still rely on the grid which is still coal-powered for the majority of the US.

Alternatively, one can BUY LESS CRAP and walk and bike more. Grow more of your own food. Buy locally-grown food and locally-produced products.

But there is no magic green bullet to allow us to continue to live fractured suburban consumer lifestyles just without the gasoline.

The entire US economy since the end of WW2 has been based on artificially-cheap gas (controlled by subsidies) to grow our economy and encourage consumption among the masses.

It is this model that is unsustainable, not just the fuel being used.

Get used to a future without cheap goods and cheap transportation. Get ready to go back to a world our great grandparents knew, one limited by distance and locale.

Sir Walk F (124)
Sunday March 6, 2011, 8:23 am
@Ian says: "BTW for anyone voting Republican they just gave the Oil companies Billions of your money so they can take more at the pump."

Actually, Ian, oil subsidies keep your gas prices LOWER, not higher. In fact, I have no idea how anyone could think subsidies keep prcies high. Gas prices in the US are some of the lowest around the globe BECAUSE of oil subsidies, not in spite of.

Michael O (176)
Sunday March 6, 2011, 2:18 pm
This isn't all that shocking a headline for those of us outside the U.S. Gas prices have been fluctuating around $5.00/gallon here in Montreal for a few weeks now. It's only going to get worse as we head into the warmer weather and peak driving months. In some parts of Europe, prices are already around $7.00 or higher.

Linda Dicmanis (5)
Sunday March 6, 2011, 11:41 pm
Um - Carolyn - can you please name the scientists who are in denial about peak oil and think oil will last forever? Please go watch "A Crude Awakening". I think you have been very misled about oil lasting forever. Oil is a finite resource.

Ioney W (61)
Monday March 7, 2011, 3:35 am
I can imagine what gas/oil prices will be in 10 years*

Past Member (0)
Monday March 7, 2011, 6:04 am
Perhaps the one good thing that can be said about high oil prices is that if people and companies expect oil prices to be high then this will encourage them to buy more efficient vehicles and other items.

Past Member (0)
Monday March 7, 2011, 7:23 am
The world's oil reserves are shrinking rapidly. The oil-producing countries are hoarding and stock-piling oil to drive up demand and prices. Yet we do not make concerted efforts to reduce our dependence on oil. We're doomed as a race - only a bunch of stupid humans could engineer their own extinction.

jane richmond (10)
Monday May 30, 2011, 7:34 am
High enough. can we stop now????
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