Carlin: Wall Street Owns Washington

CNN: For the average American, all this couldn’t be happening at a worse time: Large home heating bills, smaller paychecks, looming budget cuts and skyrocketing gas prices… Gas prices rise 32 days straight, Increase 51 cents in 2 months.

$5.00 a gallon gas hits California…32 days of higher gas prices comes at tough time…

For the average American, all this couldn’t be happening at a worse time.

Most of the country’s 160 million workers are taking home less pay each week since the payroll tax cuts expired last month.

The government in 2011 had temporarily lowered the payroll tax rate for the first $113,700 of annual earnings in an effort to keep […]

Gas prices climb 30 cents a gallon: By this weekend, gasoline prices will likely be higher than they were a year ago at this time.

Steve Hargreaves
money.cnn.com
August 7, 2012

Gas prices continued their slow but steady march higher Tuesday, surpassing a nationwide average of $3.63 cents a gallon on the back of refinery problems in the United States and higher crude oil prices globally.

Nationwide average gasoline prices are now 30 cents higher than they were just five weeks ago. They are now at the midway mark between this year’s high price of $3.94 a gallon — […]

THE BIG GETAWAY! More travelers to hit the road this Memorial Day

AP

NEW YORK (AP) — More Americans will hit the road this holiday weekend than a year ago. And they’ll have a bit more money to spend thanks to lower gas prices.

Memorial Day kicks off the summer travel season, and since pump prices never reached $4 or $5 a gallon, as feared, economists says travelers are likely to dine out or shop more once they pull off the road.

About 30.7 million […]

US Expects Drivers to Pay 24 Cents More for Gallon of Gas this Summer

NEW YORK — U.S. drivers will pay an average of 24 cents more per gallon for gasoline during this summer’s travel season, the government said Tuesday.

Gasoline will cost an average of $3.95 per gallon through September, an increase of 6.3% from the same period last year, the Energy Information Administration predicted. The peak should come in May, when gas averages $4.01 per gallon, the agency said.

Gasoline already has jumped by […]

Gas prices still climbing, top $4 in 6 states

Gasoline prices rose again Friday and are now averaging more than $4 in six states and Washington, D.C. Oil had its biggest gain in three weeks and natural gas prices also rose.

Retail gasoline prices were up a penny on Friday to a national average of $3.831 per gallon, according to AAA, Wright Express and Oil Price Information Service.

The average price for a gallon of regular is now above $4 in […]

These 10 Cities Have The Cheapest Gas Prices In The US

If you dumped your old Hummer for a Scion IQ, you’re in luck.  For the rest of us, the news that Iran will cut exports to Britain and France, has made that summer road trip a lot less enticing.

In a reaction to the news, the price for crude oil jumped nearly 2 percent to $105.08 for April.

At the same time, the average price for a gallon of regular has been slowly ticking […]

FEBRUARY: Gas prices rise to $4 in Los Angeles… Record High For Month…

 

By Ronald D. WhiteFebruary 17, 2012, 12:31 p.m.

Just in time for Presidents Day: get ready for the long holiday weekend’s highest prices ever in Southern California as $4 gasoline is expected to arrive in Los Angeles, Long Beach, and probably Orange County, too.

That’s what energy analysts are predicting as the average price of a gallon of gasoline in the Los Angeles-Long Beach area reached $3.996 a gallon overnight, up nearly 2 […]

HERE WE GO AGAIN: Gas Prices May Soon Hit $4 a Gallon

video platformvideo managementvideo solutionsvideo player

By ALAN FARNHAM
Feb. 13, 2012

 

Gasoline prices could soon hit $4 a gallon, a threshold they haven’t flirted with since last spring.

The average price paid by U.S. drivers for a gallon of regular now stands at $3.52, according to the U.S. Energy Information Administration, which released its latest figures this afternoon. That price represents an increase of 0.04 percent from a week ago and 0.38 percent from […]

The “$4.00 a gallon by May” has now been upped to $5 by year’s end, due to increasing demand from places like China and India that more than replaces the drop in demand from Europe and the US as their economies stall.

NEW YORK (CNNMoney.com) — The former president of Shell Oil, John Hofmeister, says Americans could be paying $5 for a gallon of gasoline by 2012.

In an interview with Platt’s Energy Week television, Hofmeister predicted gasoline prices will spike as the global demand for oil increases.

“I’m predicting actually the worst outcome over the next two years which takes us to 2012 with higher gasoline prices,” he said.

Tom Kloza, chief oil analyst […]

Top energy analyst: Get ready for a “wild” gasoline price spike, It’s going to be a chaotic spring, with huge price increases in some places…

From Newsmax:

Gasoline will hit $4 a gallon in the coming months due to seasonal factors, but some portions of the country could see chaotic spikes much higher, says Tom Kloza, chief analyst for the Oil Price Information Service.

Regular unleaded gasoline now averages $3.48 a gallon, up from $3.12 a year ago and $2.67 in February 2010, USA Today reports.

Prices will climb by $0.60 in May due to seasonal factors.

“I think it’s going […]

Missing $4,155? It Went Into Your Gas Tank This Year

By: AP

It’s been 30 years since gasoline took such a big bite out of the family budget.

When the gifts from Grandma are unloaded and holiday travel is over, the typical American household will have spent $4,155 filling up this year, a record. That is 8.4 percent of what the median family takes in, the highest share since 1981.

Gas averaged more than $3.50 a gallon this year, another unfortunate record. And […]

Gas prices might be headed to record highs in 2012, analysts say

 

By Ronald D. White, Los Angeles Times

November 8, 2011

 

If you think gasoline is expensive now, just wait until next year: A combination of growing global demand and rising U.S. fuel exports could send gasoline prices to record highs in 2012, analysts say.

Those factors have been pushing pump prices to historically high levels since the beginning of September, and the approaching holiday weekend is expected to present a painful roadside example […]