Gas prices going to high

[godoftrading]

Big New Shock at the Pump Forecast by Two Analysts

By DAN DORFMAN, Special to the Sun | April 28, 2008

Get ready for another economic shock of major proportions — a virtual doubling of prices at the gas pump to as much as $10 a gallon

That’s the message from a couple of analytical energy industry trackers, both of whom, based on the surging oil prices, see considerably more pain at the pump than most drivers realize

Gasoline nationally is in an accelerated upswing, having jumped to $3.58 a gallon from $3.50 in just the past week. In some parts of the country, including New York City and the West Coast, gas is already sporting a price tag above $4 a gallon. There was a pray-in at a Chevron station in San Francisco on Friday led by a minister asking God for cheaper gas, and an Arco gas station in San Mateo, Calif., has already raised its price to a sky-high $4.62.

In Manhattan, at a Mobil gas station at York Avenue and East 61st Street, premium gas is now $4.03 a gallon. Two days ago, it was $3.96. Why such a high price? “Blame the people at STOPEC (he meant OPEC) and the oil companies,” an attendant there told m

http://www.nysun.com/news/business/...on-cost-sawbuck

[Eric Venturi-Bloxs]

Thanks for this rapport.

FerruFx

[angelfx]

Read on how oil prices failed to keep investors from fretting over the economic effects of high energy costs from DailyNews.

Wall Street ends mostly lower despite oil price pullback

[pro_atro]

Gas prices will go high in future and never come back.

[FoReXExPeRt]

Gas prices have been rising a lot..

[a.j80]

I have friends from Ukraine. It's near Russia They have a weird price for gas. In fact when the price goes down and $ looses its value - their price is growing. Unbelievable

[alfiealvins]

One thing to ride in the energy market is the value of the U.S. dollar. Increases the likelihood that the dollar seems to be due to the scope of Congress spending is more likely to abandon the capital of the hedge off inflation. Every time a news for the health plan has passed the crude oil market in the United States are often more solid.