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Gerry | Vanagon
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Subject:gas prices going up.....more...
Date:Fri, 4 Mar 2005 14:55:59 EST

and you thought it was bad enough..
last night i put $40 of gas in my car..  its just insane..
chris
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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.