Gas Prices Climbing Toward $5 Per Gallon

Tuesday, April 12, 2011

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At one time, $5 per gallon gas seemed like a far-fetched idea, but that is no longer the case.

As of Monday, the average price for a gallon of regular unleaded gasoline in the Chicago area is $4.11, compared with $3.71 a month ago, and about $3.10 a gallon at this time a year ago.

Some experts say $5 per gallon gas is possible by Memorial Day-or sometime in summer. Others caution that reaching that mark is unlikely over the next six weeks. In Chicago, the prices keep rising to near-record levels–with no relief in sight.

Right now, oil markets are so skittish that records set in 2008 could fall.

Post Continues on chicago.cbslocal.com

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  • http://www.ronjennings.org Ronald L. Jennings

    I along with my three brothers now hold the Mineral Rights on 307 acres of land near Casper that we inherited from my Grandfather. I made a prediction when Obama won that $5.00 a gal gas would hit by 2012 and $7.00 a gal gas by 2014. First the Fed has not hit the Gas tax as much as Europe but they have less business taxes to pay which is why many Co’s are moving overseas. Then when Clinton tried to balance the budget he instead of Refinery upgrades he dismantled seven of them leaving us very short in the ability to refine oil at the pace it is needed. Most of what is stored is for Nat. Emgr. We must get out of and away from Mid-East Oil. They hate us and could cut this country off at any time. Obama seems to like Oil but off shore drilling. This country has enough Nat. Gas to last it 200 years but Fracking problems allow the Methane to enter ground water so a system of filtering needs to be addressed. Elec. cars are going to not save anyone much when you see your Elec. Bill. which is already to high as some family’s have up to three cars or more to charge every night. China is having to dismantle its Coal Fire systems in order to clean up the air so they can hold large sporting events and they want the Olympics. They are going after Oil and could take all of what the Saudis have. China also needs Nat. Gas so if we have so much give them a Trillion Dollars worth and end our borrowing from them because if they ever decided to dump the Treasury Bonds they hold this country would not only default but would never come back as a Democracy. Next years deficit is expected to reach 1.5 Trillion which includes the cuts that the Rep. Party have proposed. As large as the Simson Bowles cuts were they were not near enough. The problem of cutting Medicare is going to change anyway because we are heading toward a Federal Health Plan. I at the age of 70 have been retired for five years and I pay $96.50 a month that is taken out of my Social Security but also have Veterans Health and one Gov. Agency cannot pay into another so I have never used Medicare B and you that have it know it does not cover Amb. trips anyway. Also those of you that have Veterans Insurance know already that if you happen to get behind in your Co-Pays and yes there will be Co-Pays know that the Fed can garnishee your SS just as they do if you don’t pay your taxes. Do a little study and think about the charges that will come with the new health bill. Also to insure the so called 30 million there will be a need for at least 65,000 more Dr. to handle the increase plus Hosp. space and yes there will be lines and long ones just as there is in Veterans Hosp. now. Folks think about what is really happening and it was not Bush, Clinton, Reagan or Carter. It goes back at least 40 years when Johnson moved the SS out of its own fund into the General Fund which paid for most of the Viet Nam war and every President included Obama has borrowed from it and not paid it back since. A few months ago Obama added another month of unemployment benefits to those that have not found jobs and the money has to come from somewhere. So it will come from future taxes that will feed Medicare but Medicare is changing so it has been added to the future taxes to go into Social Security. That is how Washington does it. Social Security is said to have two trillion in its fund but so much has already been borrowed that it is going broke fast and so the two trillion is not money but an IOU. Beef up the borders both Canada and Mexico and start taking care of this country as we all want it. Have a Grand Day…..

  • 4 U All

    We have to ask ourselves ,why did obama travel so much? What has happened when he came back from traveling in the east? Strange gas rose high because obama said we need gas to be $7/gallon. Upheavel has occurred in east, people asking obama to help, why did the people ask for obama? The areas which give us oil is no longer able, why? Who was there, first, and before? Obama!
    Maybe its time to think about recall or impreachment of obama before 2012. Does he really represent us or does he represent his 36 czars. We need to take action and not just say a few words. Democrats need to have a true nominee for 2012 and not be obama and his 36 czars. We need a competant, loyal to USA and God fearing candidate.
    (Czars,who are they, who pays their salary, what do they do, why are they there and who do they report to?)

    • http://! Bobcat

      well he’s not representing us, in fact he has made us a laughing stock around the world.

  • http://www.ronjennings.org Ronald L. Jennings

    Seniors love to Tail Gate and have plenty of time to do so. How about two million of us tailgating to Washington DC when the campaigns get hot and before the conventions take place. It could be a great party and I bet even Willie Nelson and the boys would entertain us all. Seniors alone could shut down Obama and his buddies. Damn we will all be ready for a good party to take back America. Conservatives and Independents plus Seniors, Tea Party’s, Veterans could all join hands and get’er done as Sara would say….

  • http://www.ronjennings.org Ronald L. Jennings

    I am not a Liberal by any means but one fear I have in the next election is a Kennedy. Ted was liked and Jack was very popular. The Kennedy has a lot of power even in its name. Look out for Ted’s son who has been in politics and actually had more experience than Obama and he recently got engaged so he is even planning a First Lady. He may wait until the last moment and jump in and turn heads his way and folks I am deathly afraid of that.

  • http://wdham1@comcast.net Doug

    This doesn’t bother you because you don’t have to pay a penney for the gas in your government autos. Why don’t you pull the limo into a brand name station, pull out your wallet, and pay cash. Barrack, you’re pathetic. You don’t give a tinker’s damn about this nation, its people, its heritage or its future. And you are a lapdog to the United Nations. I have three words for you — if you’re wise enough to understand the hint — DRILL, BABY, DRILL!

  • Johnf1234

    My friends, these CROOKS in DC are up to their same old BS as usual…. You all know about the system they call SUPPLY AND DEMAND right? Here is some thought on it.. In places like Chicago and LA and NYC the demand is higher, because there are more vehicles on the road, so they jack up the price. I live in Ohio so the rules seem to be opposit here… SOUNDS CRAZY DOESN’T IT? In Columbus and all the bigger cities its the same as Cicago witht the higher prices, guess what? In little towns on the Ohio River called Portsmouth and all around there, the PRICE IS .20 CENTS HIGHER! Why is that? The DEMAND surely isn’t there, they don’t have the population there like they do in Columbus and so on? And its not like its so far out that the trucks cannot get there. Its right up the road!!!
    SO THERE YOU HAVE A DOUBLE STANDARD BY : GUESS WHO: OUR GREAT GOVERNMENT…..; the LIARS of America!!!!!!
    Now I sure wish some ASS hole would explain that CORRUPTION GAME to all of us……
    I know one thing, and that the Democrats HATE AMERICA!!! And thats the truth…
    This entire Administration is totally DEMONIZING ALL OF US…. All they are set out to do is, destroy Our way of Life, Destroy the American dream, Destroy Our Financial system so that we all have to become dependent on a bunch of CORRUPT DICTATOR WANNABEES…… DEMOCRACY AND SOCIALISM DOES NOT WORK IN AMERICA nor anywhere else…. as it shows all around the globe……
    These bastards truely are being selfish and ignorant and transparently destructive towards Our society..
    Its sad when some SORRY ASS POLITICIAN, has to side with some LOW LIFE EPA LOBBYIST vs. over 300,000,000 American people. They would rather get political points with CORRUPT organizationas thatn to listen to the American people… This whole Idea of Obamas about wanting to let the price skyrocket is going to get him BOOTED OUT IN 2012. more and more people are getting FED UP with his BS and LIES everyday…
    The truth is, they do not have an ALTERNATIVE ENERGY at all… They DO NOT HAVE ANY BACK UP at all….. But we have all that OIL RESERVE sitting waiting to used by Americans. But they refuse to use it to relieve the prices, because they want to DESTROY THE ECONOMY….. This CORRUPT ADMINISTRATION still thinks they can blame it on Bush…… BUT WE THE PEOPLE HAVE AWAKENED and are sick and tired of this BS..
    IMPEACH THIS BASTARD NOW….

  • Johnf1234

    I could not believe it when I saw on TV the other day where Obummer was at this town hall, and a man mentioned about the gas prices… Obama did nothing but LAUGH at him…. totally made fun of this man, an ordinary hard working tax paying American citizen, Hussein OBAMA humiliated this gentleman. This guy is just like the rest of us. AND OBAMA does not care about the well being of any of us or this great nation… OBAMA YOU ARE A DISGRACE TO AMERICA!!!!! RESIGN NOW OR BE IMPEACHED BY WE THE PEOPLE!!!!!

  • Randall Lowe

    It is time the American people get our guns and make a stand that we are not going to take
    this tyranny anymore!!!! If small third world countries can over throw their corrupted government we should be able to even more.
    Take down the Bilderberg Group, Trilaterals,Culture of Foreign Affairs and the
    Federal Reserve.

  • Fred

    I guess that Obama’s promise of wealth redistribution is coming true


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