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Author	Topic: [Poll: 2012.7 ]: Given that the current average price of gas is US$3.46 per ga...	Post a Reply Back to Topics

JT Moderator	Message Posted: Feb 11, 2012 9:01:00 PM Ignore JT Report Abuse Given that the current average price of gas is US$3.46 per gallon (Can$1.22 per litre), how likely is $5 per gallon ($1.75 per litre) this summer? Very doubtful Unlikely An even chance Probable Almost a sure bet Post your thoughts about this poll below.

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Message Posted: Feb 11, 2012 9:01:00 PM

Ignore JT Report Abuse

Given that the current average price of gas is US$3.46 per gallon (Can$1.22 per litre), how likely is $5 per gallon ($1.75 per litre) this summer?
Very doubtful
Unlikely
An even chance
Probable
Almost a sure bet

Post your thoughts about this poll below.

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Ziggy1962 Champion Author New Jersey Posts:5,749 Points:1,810,685 Joined:Aug 2006	Message Posted: Feb 16, 2012 2:11:01 AM Ignore Ziggy1962 Report Abuse Good possibility.
TIGERPAW46 Champion Author Florida Posts:7,126 Points:1,355,680 Joined:Mar 2004	Message Posted: Feb 15, 2012 9:43:12 PM Ignore TIGERPAW46 Report Abuse The distribution of votes tells the story. Rarely have I seen such an even distribution between the opinions. Basically saying no one knows. With a slight edge toward unlikely. I'm not sure if that's really an honest opinion or a Hopefully unlikely!!!
Lou08 Champion Author California Posts:1,084 Points:252,410 Joined:Feb 2008	Message Posted: Feb 15, 2012 9:01:36 PM Ignore Lou08 Report Abuse Iran will block access to part of the crude oil shipping lanes. Then they have us by the short hairs!!!
dangnad All-Star Author Las Vegas Posts:864 Points:474,355 Joined:Nov 2005	Message Posted: Feb 15, 2012 6:54:26 PM Ignore dangnad Report Abuse Out with Obummer and in with the thoroughly corrupt Mittens Romnoid. His Bain Capital will boost the price of gasoline to $10/gal while he says 'I don't care about poor people".
BigEdPA Sophomore Author Pennsylvania Posts:208 Points:590,995 Joined:Apr 2010	Message Posted: Feb 15, 2012 6:53:53 PM Ignore BigEdPA Report Abuse Although supply and demand has less affect on gas and oil that most commodities, a price of $5/gal, if it was reached this year would be short lived as the economy would tank after a few weeks at that price and the price would end up well below $3 by 2013. When politicians, oil companies, OPEC and all the others that have their hands in our pockets start to realize that oil/gas price stability controls the economy and that if they want a stable economy, prices have to rise slowly, then we may get an economic recovery. When the first thing that happens after the economy gets its first breath is to jack up oil/gas prices by 15-30% or more, we are going to have another short recovery and a deeper depression. To nearly double the price to $5, we will have a very deep depression.
oobloob Champion Author Baltimore Posts:1,497 Points:1,448,710 Joined:Aug 2008	Message Posted: Feb 15, 2012 5:24:30 PM Ignore oobloob Report Abuse And if a Republican is elected we might as well surrender to the Chinese and the Iranians.
24541 Champion Author Virginia Posts:1,109 Points:1,792,840 Joined:Mar 2004	Message Posted: Feb 15, 2012 5:14:48 PM Ignore 24541 Report Abuse Even with the election coming up, the price will skyrocket this year. If Obama is re-elected, $7 a gallon will be likely before he is done.
JimmytheGeek3 Champion Author Maryland Posts:4,380 Points:352,815 Joined:Feb 2012	Message Posted: Feb 15, 2012 3:58:53 PM Ignore JimmytheGeek3 Report Abuse Chances are 4 in 7. Place your bets.
Beerkules Champion Author Trenton Posts:3,645 Points:147,385 Joined:Jan 2012	Message Posted: Feb 15, 2012 3:05:50 PM Ignore Beerkules Report Abuse I know not of these prices. Pegasus was content with golden oats and beer.
awillisant Champion Author Mississippi Posts:3,131 Points:605,580 Joined:Jul 2011	Message Posted: Feb 15, 2012 2:30:18 PM Ignore awillisant Report Abuse YES
Oldlar Sophomore Author Florida Posts:161 Points:531,145 Joined:Oct 2006	Message Posted: Feb 15, 2012 2:13:00 PM Ignore Oldlar Report Abuse Probable especially since Obama refuses the Canadian pipeline project to increase North American oil production.
jwalkerh Champion Author Louisiana Posts:6,132 Points:1,368,945 Joined:Oct 2008	Message Posted: Feb 15, 2012 1:47:33 PM Ignore jwalkerh Report Abuse Even chance
zacksnanny Champion Author New Brunswick Posts:1,635 Points:2,202,640 Joined:Aug 2005	Message Posted: Feb 15, 2012 1:45:06 PM Ignore zacksnanny Report Abuse Almost a sure bet
ravenna2GR Rookie Author Michigan Posts:36 Points:9,420 Joined:Oct 2005	Message Posted: Feb 15, 2012 12:05:36 PM Ignore ravenna2GR Report Abuse The peak price will be over $5 in at least 1/3 of the country. Cali will likely be $6 a gallon. Southern gulf states will be over $5 a gallon if the Iranians continue to saber rattle, and they actually start a war in order to drive up oil revenues.
mzd3 Rookie Author Ontario Posts:48 Points:429,885 Joined:May 2011	Message Posted: Feb 15, 2012 11:50:50 AM Ignore mzd3 Report Abuse I'm hoping the GasBuddy tweet from 21 hours ago is not a joke; stating "well perhaps in a twisted joke, there may not be a price hike in the Great Lakes for several days". Lets hope it's several months, now I'm dreaming.
chui Champion Author Dallas Posts:2,904 Points:2,367,095 Joined:Sep 2004	Message Posted: Feb 15, 2012 11:33:04 AM Ignore chui Report Abuse $ 4.20 per gal.
jep39 Champion Author California Posts:1,146 Points:1,226,365 Joined:Jun 2007	Message Posted: Feb 15, 2012 11:12:01 AM Ignore jep39 Report Abuse It will probably reach $5 but not in all areas of the country.
OKRifle Champion Author Oklahoma City Posts:10,397 Points:1,809,310 Joined:Oct 2007	Message Posted: Feb 15, 2012 10:05:06 AM Ignore OKRifle Report Abuse "CROFTSMAN2011" said it all!
CROFTSMAN2011 Rookie Author Pennsylvania Posts:54 Points:230,740 Joined:May 2011	Message Posted: Feb 15, 2012 10:03:42 AM Ignore CROFTSMAN2011 Report Abuse I AM SURE IF BARAK OBAMA HAS HIS WAY, THE PRICE OF GAS WON'T STOP AT $5.00 PER GALLON. HE WILL PROBABLY START UP SOME PROGRAM CALLED GAS ASSISTANCE FOR WELFARE RECIPIENTS, AND ILLEGAL ALIENS! WHOM PROBABLY ENJOY THE BENFITS OF OBAMA CARE AT NO COST.
Charley_7 Veteran Author New York Posts:293 Points:206,455 Joined:May 2011	Message Posted: Feb 15, 2012 9:18:43 AM Ignore Charley_7 Report Abuse Maybe some parts of the US, not the entire country average?
BingoStink Champion Author South Carolina Posts:4,387 Points:153,480 Joined:Dec 2011	Message Posted: Feb 15, 2012 9:10:22 AM Ignore BingoStink Report Abuse I'm so upset by the thought I have to throw up BBBlllaaaaaaaaarrrr....
StillTooHigh1 All-Star Author Michigan Posts:938 Points:906,700 Joined:May 2007	Message Posted: Feb 15, 2012 8:24:05 AM Ignore StillTooHigh1 Report Abuse I hope unlikely -- lots of us can't hardly afford it now!!!
MASTERNC Champion Author Pittsburgh Posts:1,744 Points:417,970 Joined:Dec 2004	Message Posted: Feb 15, 2012 8:10:11 AM Ignore MASTERNC Report Abuse Someone will hit $5 but not likely the entire country
TANGOTANGO Champion Author Toronto Posts:1,151 Points:355,780 Joined:Mar 2011	Message Posted: Feb 15, 2012 7:57:01 AM Ignore TANGOTANGO Report Abuse The lemmings we are will follow along and pay the price!
TANGOTANGO Champion Author Toronto Posts:1,151 Points:355,780 Joined:Mar 2011	Message Posted: Feb 15, 2012 7:56:48 AM Ignore TANGOTANGO Report Abuse The lemmings we are will follow along and pay the price!
Peebo Veteran Author Baltimore Posts:391 Points:1,507,715 Joined:Oct 2007	Message Posted: Feb 15, 2012 6:37:08 AM Ignore Peebo Report Abuse Does it matter? If it does you will pay it.
Lengas Champion Author Gary Posts:13,550 Points:2,717,775 Joined:Nov 2004	Message Posted: Feb 15, 2012 6:16:40 AM Ignore Lengas Report Abuse oh yeah
GulliNL Rookie Author Los Angeles Posts:1 Points:120 Joined:Feb 2012	Message Posted: Feb 15, 2012 5:38:10 AM Ignore GulliNL Report Abuse Since oil prices hit an all-time high in The Netherlands (where I'm from) I decided to take a peek at the prices on the other side of the pond. Now I've gotten up from the floor and crawled back on my seat I can tell you; you are still lucky :P The Netherlands always have had an aggressive policy against cars to encourage people to take public transport (which is rubbish²). That's why almost 60% of our gas prices are taxes, and at the current exchange rate our standard gas costs $6.74 a gallon. That's right, $6.74! And that's not even for premium gas! It will probably be cheaper to ship my car to the US, fill it up and ship it back again :P (edit typo) [Edited by: GulliNL at 2/15/2012 8:42:59 AM EST]
richnc All-Star Author North Carolina Posts:575 Points:209,480 Joined:Mar 2006	Message Posted: Feb 15, 2012 5:18:04 AM Ignore richnc Report Abuse Seeing that for the past 30+ years our "leaders" have not done anything to get us off oil as our "blood" anything can happen.
I75at7AM Champion Author Dayton Posts:66,528 Points:2,433,445 Joined:Feb 2006	Message Posted: Feb 15, 2012 5:17:42 AM Ignore I75at7AM Report Abuse The economy is heating up. As demand increases, the price will also. On the supply side, the nation needs to keep a steady supply of crude coming in, but pipelines and drilling are being stymied by government INaction, and there is always the Middle East cauldron to worry about.
N9HVP Champion Author Indiana Posts:11,713 Points:2,471,615 Joined:Sep 2004	Message Posted: Feb 15, 2012 5:05:59 AM Ignore N9HVP Report Abuse Very doubtful.
Bonanza Champion Author Boston Posts:12,087 Points:2,551,005 Joined:Jun 2004	Message Posted: Feb 15, 2012 4:19:46 AM Ignore Bonanza Report Abuse Unlikely
cigarman409 Champion Author Massachusetts Posts:4,436 Points:1,826,635 Joined:Jul 2007	Message Posted: Feb 15, 2012 3:53:45 AM Ignore cigarman409 Report Abuse hope not higher
cigarman409 Champion Author Massachusetts Posts:4,436 Points:1,826,635 Joined:Jul 2007	Message Posted: Feb 15, 2012 3:53:29 AM Ignore cigarman409 Report Abuse 50/50 chance
SC444 Rookie Author Twin Cities Posts:37 Points:49,815 Joined:Mar 2009	Message Posted: Feb 15, 2012 2:34:40 AM Ignore SC444 Report Abuse I Like 2 Buy Gas When It's $2 A Gallon.
pkhdonovan Champion Author Maine Posts:12,006 Points:2,704,830 Joined:Sep 2005	Message Posted: Feb 15, 2012 2:32:55 AM Ignore pkhdonovan Report Abuse it depends on what is happening
Ziggy1962 Champion Author New Jersey Posts:5,749 Points:1,810,685 Joined:Aug 2006	Message Posted: Feb 15, 2012 2:09:41 AM Ignore Ziggy1962 Report Abuse Good possibility.
RonKre Rookie Author Ontario Posts:1 Points:420 Joined:Feb 2007	Message Posted: Feb 15, 2012 1:58:18 AM Ignore RonKre Report Abuse The price will reach a possible new high if the Iran situation is not averted .
dmgas1 Sophomore Author Philadelphia Posts:122 Points:83,965 Joined:May 2011	Message Posted: Feb 14, 2012 10:33:39 PM Ignore dmgas1 Report Abuse With prices in the Philly metro area approaching $4 before the Summer... and the unknown status of what the world will or won't do re: Iran... More and more I think $5 is very possible (though the psychological barrier at $4... who knows.
99flyer Champion Author Sacramento Posts:11,341 Points:2,570,010 Joined:Nov 2004	Message Posted: Feb 14, 2012 9:24:26 PM Ignore 99flyer Report Abuse Some remote places are already over $5.
BigRedBus Veteran Author Twin Cities Posts:314 Points:69,680 Joined:Jun 2004	Message Posted: Feb 14, 2012 7:30:58 PM Ignore BigRedBus Report Abuse If the enviro maniacs think that we should have 5.00 a gallon gas, then they should pay for it... That way the rest of us can drive around with our family and kids and enjoy life. Build the pipeline!
FBone Champion Author New Jersey Posts:4,900 Points:1,326,385 Joined:Oct 2008	Message Posted: Feb 14, 2012 6:55:58 PM Ignore FBone Report Abuse Unlikely. Winter rather mild in the Northeast.
OKRifle Champion Author Oklahoma City Posts:10,397 Points:1,809,310 Joined:Oct 2007	Message Posted: Feb 14, 2012 6:45:48 PM Ignore OKRifle Report Abuse Getting there now! No Keystone pipe line thanks to your god obama!
mybrowntruck08 Rookie Author San Bernardino Posts:15 Points:20,150 Joined:May 2008	Message Posted: Feb 14, 2012 5:51:51 PM Ignore mybrowntruck08 Report Abuse Well considering the CEO of Shell, stated to expect $5 per gallon this year, I think that it will be highly likely. I know that premium in California is already pushing the $4 mark, and regular is not far behind it. I think that before elections you will see it over $5. The price is going up an average of 2 to 3 cents every 4 days or so. I also think that once they get it to the $5 mark, they will all be happy. Great way to really screw up the economy even worse!!!!
Roadburner440 Sophomore Author Virginia Beach Posts:186 Points:82,285 Joined:Jan 2012	Message Posted: Feb 14, 2012 5:45:00 PM Ignore Roadburner440 Report Abuse The collapse of the EU is not significant? Certaintly an interesting take on things... Or the fact that China's and India's economies are ramping up. It does not have to be chaos alone to bring rise in oil prices. Devaluation of the US dollar will be a huge part as well. India and Iran are looking at trading gold for oil, and other countries are looking at leaving the US Dollar as the currency for which oil is traded. Once/if that happens there will be a dramatic increase in prices. There is quite a lot going on in the World right now, and once summer comes I think it will ramp up even further. Occupy Wall Street is probably going to turn violent like the Greek protests. That will put a whole other spin on things here at home.
Vanman2U Rookie Author Denver Posts:3 Points:1,960 Joined:Sep 2006	Message Posted: Feb 14, 2012 5:28:14 PM Ignore Vanman2U Report Abuse Just looking at the historical price charts for the past six years on the webpage, it looks statistically improbable as there is nothing in the present world situation that would justify a significant run-up in oil prices.
Roadburner440 Sophomore Author Virginia Beach Posts:186 Points:82,285 Joined:Jan 2012	Message Posted: Feb 14, 2012 3:47:27 PM Ignore Roadburner440 Report Abuse Is probably a modest chance. Surely it will go to $4, but personally do not care as it is not a factor for me. Obama said it at least needs to be $7 a gallon to ween the US dependance, so I am sure that is where it will head through money printing by the Fed. Would say enjoy the change but he is slowly taking that away as well. [Edited by: Roadburner440 at 2/14/2012 6:49:47 PM EST]
SavinOnFuel Champion Author Gary Posts:1,966 Points:1,256,910 Joined:Nov 2007	Message Posted: Feb 14, 2012 3:24:52 PM Ignore SavinOnFuel Report Abuse I doubt it
Dorkchop Champion Author Maryland Posts:11,397 Points:1,796,540 Joined:Dec 2006	Message Posted: Feb 14, 2012 3:06:11 PM Ignore Dorkchop Report Abuse Unable to make a decision, I will check in to the asylum.
Rids78 Rookie Author Nashville Posts:3 Points:8,360 Joined:Jan 2012	Message Posted: Feb 14, 2012 2:23:51 PM Ignore Rids78 Report Abuse The original question has an error in it. If the average price is $3.46 that works out to $0.915 per liter in Canada. An American gallon holds 3.78L. The average price in Montreal right now is already at $1.40/L which is $5.292 per gallon.
dental man Champion Author San Diego Posts:14,839 Points:3,187,030 Joined:Mar 2003	Message Posted: Feb 14, 2012 1:42:35 PM Ignore dental man Report Abuse Almost a sure bet