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Page added on May 20, 2018
American Roadtrippers to Face $3 a Gallon Gas This Summer
U.S. drivers might be feeling flush after getting tax cuts amid a growing economy as they embark on the summer driving season, but road trips will cost more this year.
Drivers are already paying an average of $2.90 for a gallon of regular gasoline. There may be no relief in sight as oil in London topped $80 a barrel Thursday on tightening global supplies. The traditional Memorial Day holiday kickoff of summer driving season may test the strength of the economy and consumers’ desire to hit the road as temperatures rise.
Prices have risen for nine days straight, according to AAA. While average costs aren’t expected to approach the record $4.14 a gallon reached in July 2008, there’s a 75 percent chance they will soon reach $3, Patrick DeHaan, head of petroleum analyst at GasBuddy, said in a phone interview Thursday.
For the three months of summer, assuming prices don’t rise any more, Americans will pay an average $100 more for gasoline than a year earlier, DeHaan said.
“I think people may cut back on fast casual dining or McDonald’s on the way to the lake,” DeHaan said. “I don’t know that we will see a net drop in demand. While this may curb or slow down discretionary demand, it will be offset by the strength of the economy. And I think the worst-case scenario is $3.15 to $3.20.”
The higher prices aren’t expected to stop Americans from hitting the road. AAA projects a 4.7 percent jump in travel by automobile over the U.S. Memorial Day holiday weekend.
Retail gasoline prices “are going up,” Ashley Petersen, lead oil analyst at Stratas Advisors in New York, said in a phone interview. “Hopefully, you took your road trip last year because it is going to be more expensive this year.”
81 Comments on "American Roadtrippers to Face $3 a Gallon Gas This Summer"
onlooker on Sun, 20th May 2018 10:17 am
Killing the Host’: the financial system is destroying the global economy—
https://theecologist.org/2016/feb/12/killing-host-financial-system-destroying-global-economy
Juan Locher on Sun, 20th May 2018 3:20 pm
Not so long ago American roadtrippers were paying $4 and $5 a gallon. Whining about $3 a gallon would have been a luxury then. Laughable.
Go Speed Racer on Sun, 20th May 2018 3:20 pm
It is a corrupt parasitic system.
The system stays alive by issuing more
debt. It’s mathematically impossible for
everybody to pay off their debt. A few
lucky ones will ‘strike it rich’ and be
debt free — but the average result is required
to be failure, at the hands of the rich
crooked capitalists who issue the debts.
My scheme, is be one of the few who
does pay off his debts. Like, if the
Titanic is going to sink and drown 1,500
people? Then your simple mission is try
and NOT be one of the 1,500 who drowned.
What else can U do.
Go Speed Racer on Sun, 20th May 2018 3:38 pm
$3 a gallon gas?
Looks like 1970’s siphoning gas,
is back into style.
https://www.youtube.com/watch?v=2ccAx792uoI
LOL
twocats on Sun, 20th May 2018 7:15 pm
We’ve very rarely seen gasoline prices this high but these higher spikes and channels seem frequent now. The world was just recovering from the great recession the last time oil prices went high and so demand was pent-up and robust even with high prices. Now the business cycle, credit expansions have reached so far and thin its unclear if global economy can survive this rise.
MASTERMIND on Sun, 20th May 2018 7:31 pm
Clogg vs Mastermind
https://i.redd.it/n1wfnx3g53z01.jpg
Go Speed Racer on Sun, 20th May 2018 9:40 pm
WTF ?? rarely seen gasoline prices
this high ?? $3.25 a gallon is nothing!
It’s nothing!
Bottled water costs ten times that.
What daycare center did you diaper-clad infants crawl out of? Tell me fast
so I can safely get you put back into
there, before you get run over.
In 2007 timeframe, gasoline was $5.75 a gallon in Nevada-California areas.
I remember because I took pictures.
U want me to dig up the cellphone
picture?
Or can maybe U just accept that I
just told U the truth, while U wrote
down something that makes no sense.
dave thompson on Mon, 21st May 2018 12:46 am
$30.00 bucks for ten gallons of gas BwAHaaa you ain’t seen nothing yet baby.
LetStupidPeopleDie on Mon, 21st May 2018 3:00 am
Gas prices expected to hit $1.41 in Ontario this weekend, a cent and a half shy of record high
http://business.financialpost.com/commodities/energy/prices-at-the-pump-headed-higher-as-long-weekend-brings-out-canadian-drivers
Very soon Canadians will have to chose between put gasoline in their cars on paying their mortgage. High gazoline price are highly inflationary and these high gazoline and diesel price will inflate the price of everything including food.
How long before Canadian banks start to go bankrupt or the bank of Canada has to raise rate to defend a falling Canadian dollar.
Davy on Mon, 21st May 2018 6:03 am
“$30.00 bucks for ten gallons of gas”
Dave, come on, it won’t get there in a relative way. What I am saying is there will be no normal and the price of gas $30. It could be the equivalent in value to $30 but that will be in hyper inflated currency with other products in a similar price range. $30 fuel will not happen in a vacuum. We won’t see the price of fuel go very high and still have a normal functioning economy. This is the reality of the current world we inhabit. There is a range that cannot be broken or everything quits. The forces that will maintain the system will prevent this as well as the systematic forces within an economy that mitigate extreme swings of any kind. It is a natural expression of balance. If balance is broken things quit until balance is regained albeit at a much lower economic activity level.
I see a price of fuel over $9 a maximum before an economic breakup, $7 with longer term but unstable. A more sustainable high price would be $5. This is of course is US prices that are not packed with taxes like Euro land. My point is if the conditions take oil to above $9 the global economy will quit as we know it. Once it quits then oil will be plentiful but with problems of demand and transport. Things won’t work so fuel will be lying around in search of demand.
Antius on Mon, 21st May 2018 7:28 am
US budget deficit to hit $2trillion by 2028.
https://www.zerohedge.com/news/2018-05-20/outlook-not-good-goldman-sees-us-dire-fiscal-straits-deficit-hits-2-trillion-10
The last time the US was as heavily indebted as today was WW2. The difference is that the 1940s-1950s were an era of rapid economic growth, in which the US had abundant low-cost oil ad gas reserves.
Cloggie on Mon, 21st May 2018 8:00 am
“Very soon Canadians will have to chose between put gasoline in their cars on paying their mortgage. ”
Or perhaps buying a small car, brings you from A to B as well. Just saying.
https://goo.gl/images/8sm9YG
Cloggie on Mon, 21st May 2018 8:11 am
“US budget deficit to hit $2trillion by 2028.”
Currently it is 666B
Average: 1332B
Which means 13.2T extra debt in the coming decade or 180%.
Adventurous to say the least.
In EU28 public debt is actually falling and currently at 82%. Beneficial influence of these darned disciplined Germans.
One wonders what this could imply for the comparative geopolitical stature of the two brother-blocks.
Perhaps our financial expert Davy can elaborate a little on this topic.
Davy on Mon, 21st May 2018 8:38 am
Nederliar, carefully skirts the debt issues with the most attractive EU debt for comparisons avoiding the fact the ECB owns a significant amount of EU sovereign and corporate debt. He also fails to mention the amount of zombie banks, nations, and corporation. The nederliar is clueless on economics, finance, and business. He has never run a business and his economic background is strictly agenda numbers related. He uses numbers regardless of their meaning to drive revisions and fantasy. This is how the fraud operates. Tell the good stuff hide the bad stuff. Most of all constantly shout at the top of his lungs how bad the US is and how glorious the Eurotard land is. Pathetic!
Cloggie on Mon, 21st May 2018 9:14 am
One could get the impression that meathead is red hot mad with me. Now I know that this can’t be possibly true, but stil…
You think it is wise meathead, to show your emotional state of affairs for the whole world to see?
dave thompson on Mon, 21st May 2018 10:03 am
Gas is at $3.20 now in the Chicago area.
Davy on Mon, 21st May 2018 10:04 am
Nederliar, I am the one that has you hot and bothered. Extremist like you can’t stand being neutered. It is so easy to moderate your fake message of nederglory and failure of all that you hate. I promise you like I promised 3rd world I will not give you one day of rest. Enjoy your lazy day off. I guess you will get one day of work in this week, maybe.
Lawfish1964 on Mon, 21st May 2018 12:20 pm
Stupid, fat, lazy Americans will gladly pay $1.59 for 20 ounces of water, something that falls out of the sky. But when it comes to something that will do the equivalent of 2,000 man-hours of work, they cry and whine about paying $3.00.
Cloggie on Mon, 21st May 2018 2:05 pm
Nederliar. I am the one that has you hot and bothered… I promise you like I promised 3rd world I will not give you one day of rest.
Eh no, you are the one who is steaming angry. Reason: I have total intellectual “air supremacy” over you when it comes to history and how the empire works. I’m the cat, you are the mouse. That makes you furious and it should. And there is not a f* you can do about it, other than that silly excuse that you “have no time to defend the exceptionalist 1% against my allegations”, which nobody takes serious.
You are totally cornered.
GregT on Mon, 21st May 2018 2:31 pm
“Enjoy your lazy day off. I guess you will get one day of work in this week, maybe.”
Why are you so concerned with how many days in a week that Cloggie works Davy? It really has no bearing on your life what-so-ever.
MASTERMIND on Mon, 21st May 2018 2:58 pm
Greg
Have you read “The Zionist conspiracy” by David Duke? I bet you would enjoy it..
MASTERMIND on Mon, 21st May 2018 3:18 pm
For 400 months in a row, our planet has been unusually hot
https://grist.org/article/for-400-months-in-a-row-our-planet-has-been-unusually-hot/
MASTERMIND on Mon, 21st May 2018 3:28 pm
Jeremy Corbyn’s right hand man, John McDonnell: It is my job to overthrow capitalism
https://www.thetimes.co.uk/article/john-mcdonnell-its-my-job-to-overthrow-capitalism-fwc5wwpm8
Davy on Mon, 21st May 2018 3:33 pm
“Eh no, you are the one who is steaming angry. Reason: I have total intellectual “air supremacy” over you when it comes to history and how the empire works.”
Pleaaase, spare me your juvenileness. I neuter much of your filth and that is the real reason you are so bent out of shape. Your slimy agenda does not hold up when moderated.
“I’m the cat, you are the mouse.”
Wow, you are a fruitcake. Some advice get out of the easy chair and do something some fresh air might help your delusional behavior.
Davy on Mon, 21st May 2018 3:36 pm
“Why are you so concerned with how many days in a week that Cloggie works Davy? It really has no bearing on your life what-so-ever.”
grehgster, why are you so concerned that I may be concerned about how many days in a week nederdummy works? I have really no bearing on your life whatsoever so why do you stalk and prick me obsessively? Get help grehgster you are sick.
MASTERMIND on Mon, 21st May 2018 3:52 pm
Behold Cloggs white warrior army!
https://i.redd.it/0m67vfj4q6z01.jpg
Cloggie on Mon, 21st May 2018 4:06 pm
“Wow, you are a fruitcake. Some advice get out of the easy chair and do something some fresh air might help your delusional behavior.”
Already found time to explain WW2 to us?
And refute the idea that WW2 was nothing but the preplanned US assualt against Europe in order to colonize it?
No?
https://documents1940.wordpress.com/2017/09/26/roosevelt-6-feb-1939-rhine-river-us-frontier/
MASTERMIND on Mon, 21st May 2018 4:15 pm
According to the German Army leaked study. Wall street will crash, the public will lose all faith/trust in their institutions, and the global economy and world governments will collapse..
http://www.energybulletin.net/sites/default/files/Peak%20Oil_Study%20EN.pdf
A Regional Oil Extraction and Consumption Model. (Dittmar 2017)
https://arxiv.org/pdf/1708.03150.pdf
HSBC Global Bank: 81% of world liquids production already in decline and world oil shortages ahead
https://www.scribd.com/document/367688629/HSBC-Peak-Oil-Report-2017
Antius on Mon, 21st May 2018 4:51 pm
How things are going to unravel:
https://www.zerohedge.com/news/2018-05-21/credit-driven-train-crash-part-2
The Great Depression of 2020ish(?) is coming. Our children will look back on it in the way our grandparents looked back on 1929.
It is no coincidence that Warren Buffett is sitting on the biggest pile of cash his company has ever had. He knows what’s coming.
MASTERMIND on Mon, 21st May 2018 5:01 pm
Antius
The entire OECD economies have already been in a depression the last eleven years. See the numbers about the fourth chart. What we are headed for a total economic collapse.
https://imgur.com/a/pYxKa
Antius on Mon, 21st May 2018 5:23 pm
I have to say I agree with MM on this one. Look at the economic performance of some key OECD countries since 2007.
https://tradingeconomics.com/germany/gdp
https://tradingeconomics.com/united-kingdom/gdp
https://tradingeconomics.com/greece/gdp
https://tradingeconomics.com/japan/gdp
https://tradingeconomics.com/canada/gdp
GDP for these countries is the same or in some cases less than it was 11 years ago. Talk of strong economic growth this year is misleading, as in most cases we still have not recovered what was lost.
A recession against this baseline would by definition be a depression.
MASTERMIND on Mon, 21st May 2018 6:02 pm
Antius
And keep in mind these weak growth numbers are happening during a time of the lowest interest rates in history. And record levels of exploding debts..The global economy is basically on life support..And when the oil shortages hit and the price spikes..Its game over..Limits to growth will be vindicated..
Davy on Mon, 21st May 2018 6:30 pm
“Already found time to explain WW2 to us?”
BOZO, this is not a WW2 site. Go to the history books to get you WW2 fix stupid.
“And refute the idea that WW2 was nothing but the preplanned US assualt against Europe in order to colonize it?”
Nonsense, grow some balls and accept the fact that the 20th century was a century of European failure, stupid. You are such a whiner.
Boat on Mon, 21st May 2018 6:40 pm
Mm
Try to grasp efficiency causing a GDP drop as a good thing. Wind, solar and countless products cost less and perform better. This will not change. Add more block chain, robots, renewables etc and all will not accelerate growth but provide better service with less growth. My God, look at the friggen duck California built with solar. Pay to dispose of excess energy during the max consumption of the day. Wake up! Lol
MASTERMIND on Mon, 21st May 2018 6:45 pm
Boat
Solar and Wind produced less than one percent of total world energy in 2016 – IEA WEO 2017
https://www.iea.org/publications/freepublications/publication/KeyWorld2017.pdf
So yeah…Renewables are a total joke..
MASTERMIND on Mon, 21st May 2018 6:52 pm
IEA Chief warns of world oil shortages by 2020 as discoveries fall to record lows
https://www.wsj.com/articles/iea-says-global-oil-discoveries-at-record-low-in-2016-1493244000
Saudi Arabia’s Energy Minister Warns of World Oil Shortages Ahead
https://www.wsj.com/articles/saudi-minister-sees-end-of-oil-price-slump-1476870790
Saudi Aramco chief warns of looming oil shortage
https://www.ft.com/content/ed1e8102-212f-11e7-b7d3-163f5a7f229c
According to the German Army leaked study. When the oil shortages hit, Wall street will crash, the public will lose all faith/trust in their institutions, and the global economy and world governments will collapse..
http://www.energybulletin.net/sites/default/files/Peak%20Oil_Study%20EN.pdf
Boat on Mon, 21st May 2018 6:55 pm
Davy
The Clog has a problem with Germans kicking the ass of other Germans. Now that the US Germans have a US German president he still isn’t happy. This US German Trump picks the wrong fights with the wrong people. “In a clog world”. If the Trump got his ass kicked….well he is German.
GregT on Mon, 21st May 2018 6:56 pm
“I have to say I agree with MM on this one. Look at the economic performance of some key OECD countries since 2007.”
That makes two of us. I still maintain that the wheels will come off of BAU around 2025, give or take a few years.
MASTERMIND on Mon, 21st May 2018 7:04 pm
Greg
That makes two of us. I still maintain that the wheels will come off of BAU around 2025, give or take a few years.
Ditto for me..I bet the government starts to put the lock down on everyone before then though..They won’t wait until things spiral out of control first..So get ready..I am sure they know exactly where you community is and they know you have supplies and private land.
Boat on Mon, 21st May 2018 7:15 pm
Mm
Put the lockdown on everybody. Lol Wouldn’t that take ….money….the cause of your collaspe dreams. Venz the collaspe present day example will lose any sense of control as the lack of money tightens. USSR collaspe…money.
MASTERMIND on Mon, 21st May 2018 7:28 pm
Boat
That is why I said the lockdown will come before things spiral out of control..
Homeland Security aims to buy 1.6 billion rounds of ammo
https://www.denverpost.com/2013/02/14/homeland-security-aims-to-buy-1-6-billion-rounds-of-ammo/
Death by Government
https://www.hawaii.edu/powerkills/NOTE1.HTM
OpenTheBooks interactive map for all military weaponry transferred to the 6,500 local, state and other federal police agencies across America.
https://www.openthebooks.com/map/?Map=1&MapType=Pin
Boat they don’t have to bring the hammer down on everyone..All they have to do is make some families disappear in the middle of the night..And that will put fear into the public’s mind..
GregT on Mon, 21st May 2018 7:44 pm
“I bet the government starts to put the lock down on everyone before then though..They won’t wait until things spiral out of control first..So get ready..I am sure they know exactly where you community is and they know you have supplies and private land.”
Canada doesn’t have a significant enough military MM. The government here doesn’t have a hope in hell of locking everyone down. At some point in time, I would expect the cities to become death traps.
Makati1 on Mon, 21st May 2018 8:28 pm
I see that the two mini-minds are still as delusional as ever. Avoiding a direct rebuttal to most comments. trying evasion or diversion instead if intelligent thought. But then, there is no defense of the Us.
https://www.truthdig.com/articles/world-will-not-mourn-decline-u-s-hegemony/
That is exactly what I have been saying.
Makati1 on Mon, 21st May 2018 8:31 pm
Yes, I am in the Us Gulag. They do have internet here, for now. lol
And, yes, the signs of decay have gotten worse.
More school shootings, drugs, etc. Real 3rd world. Oh, wait! The 3rd world does not have school shootings. Hmm.
MASTERMIND on Mon, 21st May 2018 8:35 pm
Madkat
Your generation created this Gulag..And you did nothing to stop it..now you skip town and move and think you can shake your finger..You are guilty as sin..
GregT on Mon, 21st May 2018 8:46 pm
“Your generation created this Gulag..And you did nothing to stop it..now you skip town and move and think you can shake your finger..You are guilty as sin..”
Blaming an entire generation of people, for a predicament that wasn’t even apparent to them in their prime, isn’t exactly bright MM. It is your generation that appears to be aware of that predicament, and your generation that needs to do something about it. Learn how to get by with much less, like makati1 is doing, or it would be you who is as guilty as sin.
MASTERMIND on Mon, 21st May 2018 8:57 pm
Greg
Your generation makes a mess and now you expect mine to clean it all up..I swear no generation has ever felt more entitled than the boomers..
GregT on Mon, 21st May 2018 9:02 pm
MM,
This mess was created with the advent of the industrial revolution, many generations before my time. It cannot be cleaned up. The only thing that any of us can do now, is to be the change that we wish to see. That is what I am doing. If you aren’t doing the same, then you are a part of the problem, not a part of the solution.
Makati1 on Mon, 21st May 2018 9:06 pm
Greg, Mm, and most of his spoiled generation, will do nothing to prevent their eventual total slavery to their masters. They like to blame others…”The dog ate my homework” type of excuse. Not physically protest.
I did not have access to news/facts on the internet like today. But news papers were owned by hundreds of different people then, not the six, like today, so it was more factual.
I’m too old to do anything to prevent the collapse anyway. Yes, I did leave when I realized what is going to happen in the Us. Only a fool would stay in the pot of water as it heats up, if they could climb out.
How many Americans would move to a “3rd world country” and downsize their lifestyle voluntarily? Only the intelligent ones. But, there are thousands of Americans every year who do so.
http://fortune.com/2017/11/06/americans-renouncing-u-s-citizenship/
You cannot change the world from your couch in mom’s basement. lol
MASTERMIND on Mon, 21st May 2018 9:35 pm
Greg and Madkat
Save me your Ghandia be the change..Too much Bob Dylan hippie dippy woodstock, sex, drugs and rock and roll..Oh well you two are going down just like my generation is as well..Maybe not madkat because he is as old as dirt and likely is in diapers right now..lol