Date:         Fri, 4 Mar 2005 15:30:43 -0500
Reply-To:     Jonathan Farrugia <jfarrugi@UMICH.EDU>
Sender:       Vanagon Mailing List <vanagon@gerry.vanagon.com>
From:         Jonathan Farrugia <jfarrugi@UMICH.EDU>
Subject:      Re: gas prices going up.....more...
Comments: To: JordanVw@AOL.COM
In-Reply-To:  <7b.40459a19.2f5a174f@aol.com>
Content-Type: TEXT/PLAIN; charset=US-ASCII

everyone likes to whine about the price of gas but i don't know anyone
that drives any less than they used to, at least not over the price of
gas.  nor do people seem to be getting rid of their suv in favor of
something that make more sense.

jonathan

On Fri, 4 Mar 2005 JordanVw@AOL.COM wrote:

> and you thought it was bad enough..
> last night i put $40 of gas in my car..  its just insane..
> chris
> -----
> from USA today:
> (March 4) Gasoline prices could rocket 24 cents a gallon the next few days,
> as stations across the USA scramble to keep up with big jumps in the prices of
> oil and wholesale gas, a veteran energy-price analyst forecast Thursday.
>
> "It's going to be brutal, horrendous," says Peter Beutel, president of
> energy-price tracker Cameron Hanover. He has followed energy markets for nearly
> three decades.
>
> Thursday, light, sweet crude oil for April delivery traded as high as $55.20
> a barrel in New York before closing at $53.57.
>
> A 24-cent jump in the price of gas would bump unleaded regular to a
> nationwide average of about $2.16 a gallon, blowing through last May's record of about
> $2.06. It could go higher as increased warm-weather driving in another two
> months pushes up demand, and therefore prices, forecasters say.
>
> Adjusted for inflation, gas would have to hit about $2.95 for a record.
>
> The price increase translates to "$90 million a day, every day that it
> remains in effect," which could be several months, Beutel says.
>
>
>