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GasBuddy News Article


Gas jumps despite lower demand
Thursday, May 15, 2008
The Chicago Tribune -- Gas prices roared above $3.75 a gallon Wednesday, while oil prices fell after an Energy Department report gave a mixed picture of the nation's petroleum reserves.

At the pump, the average national price of a gallon of regular gas rose 2.6 cents, to a record $3.758 a gallon, according to AAA and the Oil Price Information Service. Gas prices are 67 cents higher than a year ago and are expected to continue rising at least until the Memorial Day weekend.

Many analysts expect prices to reach $4 a gallon on a national basis in coming weeks.


Visit The Chicago Tribune for full article

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JT
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Message Posted: 5/15/2008 7:52:55 AM  Ignore JT Report Abuse
Thursday, May 15, 2008
The Chicago Tribune -- Gas prices roared above $3.75 a gallon Wednesday, while oil prices fell after an Energy Department report gave a mixed picture of the nation's petroleum reserves.

At the pump, the average national price of a gallon of regular gas rose 2.6 cents, to a record $3.758 a gallon, according to AAA and the Oil Price Information Service. Gas prices are 67 cents higher than a year ago and are expected to continue rising at least until the Memorial Day weekend.

Many analysts expect prices to reach $4 a gallon on a national basis in coming weeks.

Visit The Chicago Tribune for full article
REPLIES (newest first)
ramboTX
All-Star Author
Dallas

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Message Posted: 5/20/2008 6:13:29 AM  Ignore ramboTX Report Abuse
China and India are using so much more.
lindamay
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Minnesota

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Message Posted: 5/20/2008 12:04:46 AM  Ignore lindamay Report Abuse
So much for peak demand being a factor.
NJColt
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New Jersey

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Message Posted: 5/18/2008 12:17:18 PM  Ignore NJColt Report Abuse
I'm no analyst or expert... but what happened to the laws of supply and demand?
Rick52
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Milwaukee

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Message Posted: 5/16/2008 12:17:45 PM  Ignore Rick52 Report Abuse
We can always burn money it's not worth anything to stay warm.....
Rick52
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Milwaukee

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Message Posted: 5/16/2008 12:16:15 PM  Ignore Rick52 Report Abuse
If I read right this country will go broke if winter come back like they are leading to ...Watch out everyone it gets worse
NamGuntrucker
Rookie Author
Maine

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Message Posted: 5/16/2008 8:03:52 AM  Ignore NamGuntrucker Report Abuse

Everyone can now get an extra job just to be able to afford gas and get a third job to pay for your heating fuel this winter, these big companies just love everybody, shell out your money people
mysub
All-Star Author
Las Vegas

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Message Posted: 5/16/2008 7:59:37 AM  Ignore mysub Report Abuse
Demand goes up, Price goes up. Demand goes down, Price goes up. Something is wrong with this picture.
hangupanddrive
Veteran Author
Michigan

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Message Posted: 5/16/2008 7:48:35 AM  Ignore hangupanddrive Report Abuse
Above $3.75?? Try $4.16 in the Chicago metro area!
grandma5
Sophomore Author
Illinois

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Message Posted: 5/16/2008 7:45:14 AM  Ignore grandma5 Report Abuse
Demand is down. Now they will shut down some of the refineries and that will allow them to continue to raise the price.
PenDoctrJD
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Orange County

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Message Posted: 5/16/2008 7:42:23 AM  Ignore PenDoctrJD Report Abuse
It will go up regardless of demand.
Rick52
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Milwaukee

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Message Posted: 5/16/2008 7:42:17 AM  Ignore Rick52 Report Abuse
If you have a strong dollar a good economy you don't mind paying more for gas ...
Rick52
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Milwaukee

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Message Posted: 5/16/2008 7:40:49 AM  Ignore Rick52 Report Abuse
I like I said what we don't use someone else will...Demand will always be there....
copperhead8
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Boston

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Message Posted: 5/16/2008 7:39:49 AM  Ignore copperhead8 Report Abuse
Waiting for the gas prices to come down
NissanGirl
Sophomore Author
Oregon

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Message Posted: 5/16/2008 7:35:59 AM  Ignore NissanGirl Report Abuse
Can't they take the hint? Less demand should bring the prices down, not continue to set records every day.
kevski
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Oregon

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Message Posted: 5/16/2008 7:35:52 AM  Ignore kevski Report Abuse
we conserve and they jack the prices anyway
Rick52
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Milwaukee

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Message Posted: 5/16/2008 7:33:23 AM  Ignore Rick52 Report Abuse
It's time for all good oil companys to come to the aid of this country ! ! ! !
rogerparry
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Florida

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Message Posted: 5/16/2008 7:30:41 AM  Ignore rogerparry Report Abuse
It's time to change to alternative sources of energy. I'm tired of constantly increasing prices.
woos777
Champion Author
Washington

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Message Posted: 5/16/2008 7:28:17 AM  Ignore woos777 Report Abuse
I didn't fill well yesterday. So gas prices rose.
Don20
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Oklahoma City

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Message Posted: 5/16/2008 7:26:11 AM  Ignore Don20 Report Abuse
Its called GREED. (price has nothing to do with supply and demand..
WillyG
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Cincinnati

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Message Posted: 5/16/2008 7:25:16 AM  Ignore WillyG Report Abuse
I think the reason they don't , and won't lower the prices even though the demand dropped is because they like that profit, and they figure they'll get to make that profit even with lower demand. Probably they'll lay-off some workers, and still end up with the same profit.
w4kh
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Riverside

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Message Posted: 5/16/2008 7:25:05 AM  Ignore w4kh Report Abuse
As long as we have a TV Show called "Are you smarter than a fifth grader?" and a President who isn't, and his Oil Buddy DickieBoy calling the shots, we are screwed, the US Dollar is screwed. The TRILLION DOLLARS dumped into Iraq has blown up the economy, and "W" still won't say the economy is in a recession! At least a couple of the candidates running this time have an IQ above room temperature...
Capt2007
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Victoria

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Message Posted: 5/16/2008 7:20:42 AM  Ignore Capt2007 Report Abuse
It will stall around $8 per gallon, this the price in Europe and prices there are not going up at the same pace as here.
DieselX
Veteran Author
Chicago

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Message Posted: 5/16/2008 7:20:05 AM  Ignore DieselX Report Abuse
makes perfect sense - only if you are an oil exec!
bicycler
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Ontario

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Message Posted: 5/16/2008 7:19:37 AM  Ignore bicycler Report Abuse
Speculators be d--ned!!
fairchildd
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Kansas City

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Message Posted: 5/16/2008 7:19:26 AM  Ignore fairchildd Report Abuse
prices have gone up 50 cents a gallon here in KC in the last month, let alone a year
SueB1863
Sophomore Author
Toledo

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Message Posted: 5/16/2008 7:17:00 AM  Ignore SueB1863 Report Abuse
Oil hit another record high last night, over $127/barrel. So it looks like it's going back up again! Gas hit another record high as well, I think they said its ninth in a row.
REVLAW
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San Antonio

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Message Posted: 5/16/2008 7:15:55 AM  Ignore REVLAW Report Abuse
This is becoming redundant.
s6sputnik
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Austin

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Message Posted: 5/16/2008 7:15:54 AM  Ignore s6sputnik Report Abuse
$4 is not a surprise
niceguytx
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Houston

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Message Posted: 5/16/2008 7:14:13 AM  Ignore niceguytx Report Abuse
The issue is that oil demand is increasing globally, and we need to show our leadership with conservation and new ideas.
grccMI
Rookie Author
Grand Rapids

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Message Posted: 5/16/2008 7:12:14 AM  Ignore grccMI Report Abuse
But oil consumption increased all over the world including all the plastics stuff we waste.
Gas_Buzzer
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South Carolina

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Message Posted: 5/16/2008 7:10:50 AM  Ignore Gas_Buzzer Report Abuse
Please tell what commodity has gone down in price?
Cuzilla
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Indianapolis

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Message Posted: 5/16/2008 7:10:44 AM  Ignore Cuzilla Report Abuse
I love it! The lefties will tell you what the climate will be in 100 years but can't find the schematic for the 300mpg carburetor!
spunky4443
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Washington

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Message Posted: 5/16/2008 7:08:31 AM  Ignore spunky4443 Report Abuse
Seems like the price of fuel, rises everyday.
CheapoBob
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Alabama

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Message Posted: 5/16/2008 7:06:26 AM  Ignore CheapoBob Report Abuse
need 100 mpg car
MnSwede
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Twin Cities

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Message Posted: 5/16/2008 7:04:47 AM  Ignore MnSwede Report Abuse
I think the analysts are in bed with the oil companies to make higher profits.
GooseMI
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Grand Rapids

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Message Posted: 5/16/2008 7:04:31 AM  Ignore GooseMI Report Abuse
Summer change over, it happens this time every year.
JRFAN88
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Ontario

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Message Posted: 5/16/2008 7:03:11 AM  Ignore JRFAN88 Report Abuse
in order to stop the madness one needs to stop listening to the media...talk about free advertising for "big oil" they certainly need it with all the money they aren't making....whatever!
wildfan77
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Twin Cities

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Message Posted: 5/16/2008 7:01:59 AM  Ignore wildfan77 Report Abuse
BS
AnObserver
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New Jersey

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Message Posted: 5/16/2008 7:01:10 AM  Ignore AnObserver Report Abuse
spec - u - la - tion
Bity
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Wichita

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Message Posted: 5/16/2008 6:57:50 AM  Ignore Bity Report Abuse
Can't anyone stop this madness?
scrounger
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Vancouver

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Message Posted: 5/16/2008 6:57:13 AM  Ignore scrounger Report Abuse
GREED!!!!
rod1965
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Portland

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Message Posted: 5/16/2008 6:56:41 AM  Ignore rod1965 Report Abuse
PRice gougingand not giving a damn because no one will stop them!!!!!!!!!!!!!!!
AC-302
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Los Angeles

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Message Posted: 5/16/2008 6:56:13 AM  Ignore AC-302 Report Abuse
What do you expect with the price of crude going up?
Retowered
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Colorado

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Message Posted: 5/16/2008 6:55:19 AM  Ignore Retowered Report Abuse
We all have to pay & PAY tell we have no more money.
brogan56
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Colorado Springs

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Message Posted: 5/16/2008 6:54:23 AM  Ignore brogan56 Report Abuse
Sorry you have a beef with WalMart KingDick but even they can't be blamed for the decline of Western Civilization...
DeHavilland
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Toronto

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Message Posted: 5/16/2008 6:54:04 AM  Ignore DeHavilland Report Abuse
It's a scam. Whether the demand is up or down, the price goes up anyway.
MG_Sputnik
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Philadelphia

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Message Posted: 5/16/2008 6:51:54 AM  Ignore MG_Sputnik Report Abuse
Blah, blah, blah. Tell me something I don't know.
CoronaKid
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Riverside

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Message Posted: 5/16/2008 6:51:47 AM  Ignore CoronaKid Report Abuse
Wow, kingdick, you sure live up to your name.
Bonito
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Dayton

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Message Posted: 5/16/2008 6:50:51 AM  Ignore Bonito Report Abuse
More greed!
kingdick
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Minnesota

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Message Posted: 5/16/2008 6:49:49 AM  Ignore kingdick Report Abuse
-----------------------------------
Walmart shoppers are a major force DRIVING UP UP Crude prices !!
-----------------------------------
Trade deficits lower the value of the dollar and raises the cost of gas
-----------------------------------
Walmart alone creates a trade deficit that approaches the oil trade deficit.

We should manufacture most goods here in the USA.
This would also reduce the fuel wasted in extra transportation cost.
-----------------------------------
Another form of destroy USA.
We can be our own worse enemy, our own personal GREED.
-----------------------------------
The Walmart effect is a major reason why we are in this fuel crunch.
Send our jobs and money to china make them rich and up the demand for fuel.
-----------------------------------
We reduce our demand but china and india increase at a far greater rate.
-----------------------------------
Anyone that buys walmart JUNK and thinks it is the same quality needs to do more thinking.
-----------------------------------
They have also driven DOWN the Quality of almost all products in the name of profits.
-----------------------------------
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