Gas prices expected to rise in 2011
 

So I'm listening to CNN while messing around on my PC and over and over they kept saying gas prices are expected to rise, expect $5.00 per gallon before the year is up. Nothing more, just that short statement, like a subliminal message preparing us for what is to come.

So whats the deal this time? Nobody buying the hybrids that the big 3 are making and there going to make sure they do?

I have noticed about a 0.20 cent hike in my area already, but I thought it was just for the holiday demand.

Time to get me a another motorcycle I guess...

Supply and demand factors have taken a backseat to commodities futures trading as drivers of gas prices. Crude oil speculation was behind the $140 a barrel oil, and I would say it's what's going to be behind gas price increases this year.

I'll just add, they raised the gas tax here.

@mookie, what are gax prices in TX now?

boy, I'm glad i drive a diesel

50Mpg+ City:cool:

Diesel prices are higher then gas.:o

Then there's biodiesel:har:

higher or not its the mileage that makes the difference:)

and emm well i buy my gas in mexico :rotfl2:
$2.69 P/G diesel
$2.65 P/G Regular Gas
$3.09 P/G Premium Gas

on the other hand i have run on 2nd hand cooking oil before :rotfl2:

Could be worse over here, prices on gasoline in Iran jumped 700% since their government ended some subsidies. The subsidized stuff is still 400% more expensive than it was.

gas is well over $3.25, but that's the Left coast for ya.:shifty:

but remember mookie, whats good for wall street is always good for main street! :doh:

You guys still have cheaper petrol than us in the UK.

With the VAT hike on 4th Janurary coupled with a 2p hike in fuel tax on 1st January it will be getting very expensive.

So much for helping the economy.

How much cost a gallon in U.K? (or 1 litre petrol)

Round near me its £1.23 for Unleaded, and £1.26 for Diesel. Though have seen some at £1.30 a Litre:doh:

What rises in Germany: Gasoline. Heating gas. Heating oil. Electricity. Health insurrance. Property taxes. When the prices on international markets fell due to shrinking industrial demand for oil, the prices for the households went up. When there are vacancies, prices go up. Prices almost never fall. No matter the market situation, they almost never fall, they only go upwards for the end consumer. Savbing the industry earned due to market situation, are not being given to the consumer, this is especially true for electricity and gasoline. The market is totally dysfunctional, much due to monopolism, manipulation, and political protectionism ("tax incomes" and "lobbyism" are the two words to watch out for here).

The more the economy gets into swing, the higher the demand in oil again, the faster the oil price will go through the ceiling again.

in sweden the price has teadily increased for a veeery long time :p

In Stockholm it is around 13.53 crowns for 1 litre petrol