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Gas Prices Predicted To Hit Record $4.25 High By Apri

Fox Charlotte -- Joe Cannamela says, “It affects everybody."
Cannamela is a hard working man. Three years ago the former long haul truck driver bought himself a limousine and started Bada Bing Limo Service. Now he says if gas prices shoot up as predicted, it will hurt at his bottom line.

Cannamela says, “$4.25 is gonna eat at mine, my clients lines."

The Oil Price Information Service expects gasoline to hit a record $4.25 per gallon by the end of April.

Right now Cannamela spends $30 to $50 dollars in gas per job, and he says if the prediction holds true that figure will rise.

Wells Fargo Economist Mark Vitner says the timing makes it even worse, “The run up in gasoline prices is occurring at a time when we're got very high unemployment and we haven't had a whole lot of income growth."

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Submitted Feb 19, 2012 By: bar1035

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JJ763 Champion Author Michigan Posts:1,234 Points:289,415 Joined:May 2011	Message Posted: Feb 19, 2012 9:02:23 PM Ignore JJ763 Report Abuse New topic already
waynemustang Champion Author Indiana Posts:6,357 Points:1,661,785 Joined:Nov 2006	Message Posted: Feb 19, 2012 8:58:44 PM Ignore waynemustang Report Abuse I remember when they were predicting $5 gasoline. Don't believe them.
TedNC All-Star Author North Carolina Posts:985 Points:224,900 Joined:May 2011	Message Posted: Feb 19, 2012 8:57:25 PM Ignore TedNC Report Abuse Higher prices will hurt everyone.
vibdata Champion Author Massachusetts Posts:4,079 Points:847,350 Joined:Nov 2005	Message Posted: Feb 19, 2012 8:57:24 PM Ignore vibdata Report Abuse The fallout from this: people are ignoring DIESEL prices. And the FOOD prices have SOARED. This is not just about driving less. It's about people not being able to afford food if this continues. Never mind LEISURE TIME ACTIVITIES. Of course, then there's the SHRIMP and COCKTAILS crowd. They don't care. They want high prices. They are rippin' you OFF.
CAD69 Champion Author Milwaukee Posts:3,186 Points:842,240 Joined:Nov 2010	Message Posted: Feb 19, 2012 8:56:08 PM Ignore CAD69 Report Abuse More speculation!
thiswray Rookie Author Fresno Posts:2 Points:365 Joined:Feb 2012	Message Posted: Feb 19, 2012 8:53:12 PM Ignore thiswray Report Abuse It is getting ridiculously unaffordable. Don't know why they can't get gas prices under control.
carman11 Champion Author North Carolina Posts:3,314 Points:687,725 Joined:Jun 2011	Message Posted: Feb 19, 2012 8:53:04 PM Ignore carman11 Report Abuse THIS IS NOT GOOD.
nwsynthetics Champion Author Oregon Posts:1,014 Points:344,475 Joined:Dec 2011	Message Posted: Feb 19, 2012 8:50:51 PM Ignore nwsynthetics Report Abuse record high by april, and record high by summer at $5 $$$$$$$$$ i love it
porotito Champion Author Houston Posts:2,140 Points:577,735 Joined:Dec 2010	Message Posted: Feb 19, 2012 8:50:48 PM Ignore porotito Report Abuse Then stop using those stupid 50 ft long hummers as limos.
1Casey Champion Author Albany Posts:6,513 Points:1,789,010 Joined:Jun 2004	Message Posted: Feb 19, 2012 8:49:46 PM Ignore 1Casey Report Abuse Why Smoke and mirrors.
TelsaOR Champion Author Oregon Posts:3,561 Points:732,890 Joined:Jan 2011	Message Posted: Feb 19, 2012 8:46:56 PM Ignore TelsaOR Report Abuse It affects everyone's bottom line.
nj2000ng Champion Author Houston Posts:1,507 Points:449,020 Joined:Jan 2010	Message Posted: Feb 19, 2012 8:40:45 PM Ignore nj2000ng Report Abuse too bad
livedream Champion Author Michigan Posts:3,664 Points:751,060 Joined:Mar 2011	Message Posted: Feb 19, 2012 8:39:15 PM Ignore livedream Report Abuse "Predictions" such as this are nothing more than carefully aimed propaganda to prime the public for another gouging! And FOX is their friendly, well-trained messenger!! -- Knowing full well the Speculators will take their cue from this -- And, yup! -- The price bidding goes up!!! Again, I agree with milespergallon on this, 100%. [Edited by: livedream at 2/19/2012 10:40:26 PM EST]
bdlewis Champion Author Colorado Posts:1,384 Points:382,905 Joined:Oct 2008	Message Posted: Feb 19, 2012 8:36:18 PM Ignore bdlewis Report Abuse Has anyone thought about us drilling for our own oil.
PAborn54 All-Star Author Milwaukee Posts:970 Points:654,775 Joined:May 2009	Message Posted: Feb 19, 2012 8:35:56 PM Ignore PAborn54 Report Abuse Gotta agree with milespergallon on this one.
jetlagAK Champion Author Anchorage Posts:2,241 Points:633,625 Joined:Jan 2010	Message Posted: Feb 19, 2012 8:35:55 PM Ignore jetlagAK Report Abuse The USA will continue to suffer while BO is in office. Vote him out while there's still a chance to save the USA.
RitaVespa Champion Author Oregon Posts:2,961 Points:788,360 Joined:Jan 2011	Message Posted: Feb 19, 2012 8:33:22 PM Ignore RitaVespa Report Abuse ouch
milespergallon Champion Author Illinois Posts:9,729 Points:1,905,335 Joined:Feb 2007	Message Posted: Feb 19, 2012 8:28:07 PM Ignore milespergallon Report Abuse If OUR fuel were not traded on the commodities market we would have reasonable fuel prices! Take fuel OUT of the commodities market!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NemoIL Champion Author Illinois Posts:3,005 Points:1,309,220 Joined:Aug 2008	Message Posted: Feb 19, 2012 8:27:24 PM Ignore NemoIL Report Abuse bad
Kaiyne Champion Author Chicago Posts:2,319 Points:468,815 Joined:Feb 2011	Message Posted: Feb 19, 2012 8:25:29 PM Ignore Kaiyne Report Abuse I hope that the government puts a cap on the rising costs of gas.
Bhmf4 Champion Author Alabama Posts:2,014 Points:1,230,570 Joined:Oct 2008	Message Posted: Feb 19, 2012 8:24:42 PM Ignore Bhmf4 Report Abuse Thank you President Obama, can I have another.
firemunkee Veteran Author Maryland Posts:408 Points:56,450 Joined:Jan 2012	Message Posted: Feb 19, 2012 8:24:02 PM Ignore firemunkee Report Abuse not surprised
straz Champion Author Pennsylvania Posts:1,708 Points:540,385 Joined:Jan 2007	Message Posted: Feb 19, 2012 8:19:21 PM Ignore straz Report Abuse More surcharges
Pointtx Champion Author Austin Posts:3,216 Points:721,080 Joined:Mar 2011	Message Posted: Feb 19, 2012 8:19:00 PM Ignore Pointtx Report Abuse If you say it often enough, it becomes true. Something every politician has learned.
ExplorerWA Champion Author Washington Posts:4,062 Points:793,250 Joined:Feb 2011	Message Posted: Feb 19, 2012 8:18:51 PM Ignore ExplorerWA Report Abuse These predictions seem to be setting the stage for increased fuel prices. I'm beginning to think they are not good. Increased prices will hurt our economy. Not good.
EmperorsFinest Champion Author Chicago Posts:1,564 Points:340,870 Joined:Jul 2011	Message Posted: Feb 19, 2012 8:18:02 PM Ignore EmperorsFinest Report Abuse Stop the speculators from imprinting this on our minds. Too many sheep out there accepting the rising prices...
camaro_man Champion Author Kitchener-Waterloo Posts:2,212 Points:607,045 Joined:Jun 2010	Message Posted: Feb 19, 2012 8:15:41 PM Ignore camaro_man Report Abuse oh wait,,,is that canadian gas u are using for the most part???? well we pay $4.80 a gallon here.....STOP THE WHINING!!!!!!!!!
PithyOpiner Champion Author Stockton Posts:16,184 Points:1,593,545 Joined:Jun 2008	Message Posted: Feb 19, 2012 8:14:27 PM Ignore PithyOpiner Report Abuse So, Joe, raise your prises to off-set the increased cost of petro!! Jeeze, do I have to think of everything for you guys in business?
GLM4205 Champion Author Toledo Posts:4,037 Points:796,295 Joined:Dec 2010	Message Posted: Feb 19, 2012 8:12:57 PM Ignore GLM4205 Report Abuse Not good for the economy. If the prices are too high we could have another recession.
Rockwoodband All-Star Author Flint Posts:584 Points:402,285 Joined:Oct 2009	Message Posted: Feb 19, 2012 8:12:25 PM Ignore Rockwoodband Report Abuse Why do they publish these predictions? All it does is obligate the oil companies to make it happen.
Goatroper Champion Author Dallas Posts:6,584 Points:1,291,435 Joined:Apr 2004	Message Posted: Feb 19, 2012 8:08:56 PM Ignore Goatroper Report Abuse Repeat article.
TonyPSU Champion Author Cleveland Posts:2,516 Points:691,280 Joined:May 2011	Message Posted: Feb 19, 2012 8:07:52 PM Ignore TonyPSU Report Abuse My guess is at least $5 this summer
abcdMA Champion Author Worcester Posts:7,907 Points:1,571,955 Joined:Nov 2008	Message Posted: Feb 19, 2012 8:07:02 PM Ignore abcdMA Report Abuse that will kill the economy quickly
sillywagon Champion Author New York Posts:14,857 Points:1,438,095 Joined:Oct 2008	Message Posted: Feb 19, 2012 8:05:42 PM Ignore sillywagon Report Abuse I get the impression that WashingtonDC is oblivious to the problem of high gasoline prices. What are they doing?
pjslyfox All-Star Author Grand Rapids Posts:781 Points:957,230 Joined:Feb 2006	Message Posted: Feb 19, 2012 8:03:41 PM Ignore pjslyfox Report Abuse As I said, bend over!
ratones1 Champion Author Los Angeles Posts:2,897 Points:728,205 Joined:Mar 2011	Message Posted: Feb 19, 2012 8:03:18 PM Ignore ratones1 Report Abuse tell you...
knot2swift Champion Author Calgary Posts:4,374 Points:695,250 Joined:Nov 2009	Message Posted: Feb 19, 2012 7:59:49 PM Ignore knot2swift Report Abuse I think Europe is paying about $10 for a US gallon these days. We should be ready for that in time.
Yankee829 Champion Author Dallas Posts:2,186 Points:555,590 Joined:Sep 2010	Message Posted: Feb 19, 2012 7:56:56 PM Ignore Yankee829 Report Abuse Nobody knows
raj_fl Champion Author Trenton Posts:3,194 Points:724,980 Joined:Oct 2010	Message Posted: Feb 19, 2012 7:56:42 PM Ignore raj_fl Report Abuse time to eat less out and eat home
gmcgas Champion Author Atlanta Posts:5,935 Points:1,710,355 Joined:Mar 2004	Message Posted: Feb 19, 2012 7:56:34 PM Ignore gmcgas Report Abuse really?
raj_fl Champion Author Trenton Posts:3,194 Points:724,980 Joined:Oct 2010	Message Posted: Feb 19, 2012 7:56:18 PM Ignore raj_fl Report Abuse its time to give up on the suv's and trucks
Winston76 All-Star Author Michigan Posts:963 Points:254,410 Joined:Jul 2008	Message Posted: Feb 19, 2012 7:56:11 PM Ignore Winston76 Report Abuse All of you who are trying to pin this on Obama, can you explain why oil went up to $147 a barrel in the summer of 2008 when Bush was in office? I'm not saying that I support Obama's policies but I don't think he should be blamed every time the price of gas rises. Maybe if we stop believing predictions like this that are most likely made by fools who are just looking a line their pockets with our money, stop making statements about the next great depression coming, then things might improve. Its a long shot, but its better to believe that then having to read a bunch of gloom and doom posts.
Tucker1961 Champion Author Seattle Posts:2,157 Points:363,170 Joined:Jun 2009	Message Posted: Feb 19, 2012 7:55:25 PM Ignore Tucker1961 Report Abuse sounds right
gasisoutrageous Champion Author Lansing Posts:8,575 Points:924,780 Joined:May 2008	Message Posted: Feb 19, 2012 7:55:05 PM Ignore gasisoutrageous Report Abuse People will stop driving, or at least much less. We'll start seeing fewer gas guzzling vehicles drive in a gas guzzling manner. Guess I better dust off that bike and round up the bus tokens.
FlyNFool Champion Author South Carolina Posts:8,224 Points:1,681,200 Joined:Aug 2008	Message Posted: Feb 19, 2012 7:54:58 PM Ignore FlyNFool Report Abuse Maybe even before then.
cimilluca1 Sophomore Author New York Posts:193 Points:234,425 Joined:Aug 2011	Message Posted: Feb 19, 2012 7:54:41 PM Ignore cimilluca1 Report Abuse The Middle Class continues to shrink.....
mfeldstein Champion Author Ottawa Posts:8,161 Points:1,928,430 Joined:Feb 2007	Message Posted: Feb 19, 2012 7:53:20 PM Ignore mfeldstein Report Abuse Who really knows, eh?
FrankTA2 Champion Author New York Posts:4,288 Points:1,092,835 Joined:Jun 2007	Message Posted: Feb 19, 2012 7:52:11 PM Ignore FrankTA2 Report Abuse In NY there are some stations charging close to that now.
fuelconscious Champion Author Los Angeles Posts:2,127 Points:548,020 Joined:Jan 2008	Message Posted: Feb 19, 2012 7:50:30 PM Ignore fuelconscious Report Abuse I wouldn't be surprised to $5 a gallon for gasoline by April for 87 octane here in Southern Cali.
toytech3 All-Star Author Chicago Posts:917 Points:610,820 Joined:Mar 2011	Message Posted: Feb 19, 2012 7:48:14 PM Ignore toytech3 Report Abuse so much for the recovery
DEG Champion Author Las Vegas Posts:17,605 Points:3,491,680 Joined:Jul 2003	Message Posted: Feb 19, 2012 7:45:26 PM Ignore DEG Report Abuse Under Obama we have had the highest sustained unemployment. Under Obama we have had a $1+ trillion deficit each year. Obama railed at Bush fro increasing the federal deficit by around $4 trillion in 8 years; he is on pace to do at least that much in four years.
jdc17327 Champion Author Pennsylvania Posts:2,555 Points:197,565 Joined:May 2009	Message Posted: Feb 19, 2012 7:44:26 PM Ignore jdc17327 Report Abuse okay