Send to a friendThe Stig December 28th, 2007 8:01 AM Link
Goody.
Gas Prices Could Top $4 Per Gallon in 2008
Written By: Seyth Miersma
Motorists might be facing what is being called a “nightmarish” spring for fuel prices, with the average price of gasoline averaging a potential $3.75 per gallon across the U.S.
Despite some reports earlier this month that the price of oil could be coming down, crude oil prices continue to stay high. Energy analysts at Oppenheimer & Co. say that gas prices will set new records and that, “there is no question it will be much higher than last year.”
(Click through the jump to read on about the spiraling gas prices.)
Americans should plan on paying about 65 cents more per gallon of gas than they did last year at this time. California residents look to be the hardest hit, where $4 per gallon prices could soon be the norm.
This week’s Energy Department survey of service stations found that the average pump price was $2.98 nationally, up from $2.34 during the same period last year. That jump is nothing when compared to the year-by-year averages of crude oil, where the price per barrel has gone from an average of $36.98 in 2004, to $72 this year. Next year’s average is projected to jump again, possibly reaching $85 per barrel.
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9 Comments
mbslrm December 28th, 2007 8:03 AM Link
It isn’t going to get any better if we invade Iran or stay in Iraq & Afghanistan longer.
chuck goolsbee December 28th, 2007 11:03 AM Link
My fellow Americans, to this I just have one thing to say: Keep eating those french fries!
–chuck
Texan_as_well December 28th, 2007 11:42 AM Link
Freedom Fries!
Ducati Minor December 28th, 2007 2:31 PM Link
“It isn’t going to get any better if we invade Iran or stay in Iraq & Afghanistan longer.”
I never knew the Taliban had plans on cutting crude oil prices. Wow, you’re such a genius.
Ducati Minor December 28th, 2007 6:00 PM Link
The guy’s a Ron Paul fan. No wonder.
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