popeye1250
Posts: 18104
Joined: 1/27/2006 From: New Hampshire Status: offline
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quote:
ORIGINAL: MzMia Well, it looks like gas prices remain a bit higher for at least the next 10 days, or so. The Oil Drum | DrumBeat: September 14, 2008 I am really expecting the price of oil to go up this winter based on the increasing demands of colder weather in the USA. Most signs show prices will go up this winter, the issue is how high can they go? High winter heating bills may burn through wallets - USATODAY.com I am predicting gas will be about $5 a gallon by January 2009. Any thoughts, concerns, predictions? Mia, I think you're wrong there. Look at the tremendous resistance gasoline prices saw at $3.50-$4.00 per gallon! The economy was beginning to shut down! Even people like me who can "afford" it were staying in not going to restaurants or otherwise spending money on other things. I'd only buy 3-5 gallons of gas at a time and that would last me for a week. I'm not going to fill up and "store" 15 gallons of gas in my tank for the oil companies. As far as the oil refineries in Texas "Ike" was a non-issue, they only had minor damage if any for some. The raise in prices we've seen over the last few days is "price gouging." The S.C. atty. gen's office has had ads on t.v. telling people to contact their office about any gas stations that raised prices in the last few days. I think that prices will be under $3.00 by Jan 1st 2009. With people using 11% less gas year over year than they did last year at this time, there is no "shortage!"
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