Tuesday, February 21, 2012

Gas Prices to rise. . . Maybe

The weather is looking much better today and we are back up and running.  

There is some buzz about Gas prices on the rise.  There are even dark and dire predictions of prices reaching $5.00 by summer.

For example, Cincinnati.com reports today:
The Iranian situation brought many predictions over the weekend that U.S. gas prices would hit $5 a gallon this summer. But one of the most respected oil analysts – Tom Kloza of OPIS – called those predictions “nonsense.”
“You may indeed have to pay $5 gal if you buy your summer gasoline on a tropical island, Martha’s Vineyard, or one of the tonier suburbs of New York, San Francisco, or Los Angeles,” Kloza wrote on his blog, Speaking of Oil. “But the chances of nationwide gasoline averages approaching $5 a gallon are about as good as having the Spice Girls perform a tribute to Demi Moore at the Oscars.”

Happy motoring everyone.  Be Safe and have a great day!

2 comments:

  1. I have been noticing the price of gas on the rise lately. I had just gotten used to the 'slightly above $3/gallon' pricing. Wish I had a hover craft that ran on old garbage! And I love the funny quote about the Spice Girls, too.

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  2. Just a foil for the post, Saw this today 2-26-12:

    http://bottomline.msnbc.msn.com/_news/2012/02/25/10496561-8-reasons-why-gas-will-hit-5-a-gallon-this-year

    R/ SL

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Please keep it clean and don't be weird. Thanks!