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Purveyor

(29,876 posts) Sat Jan 14, 2012, 01:05 PM Jan 2012

Gas Outlook: ‘Most Painful Year At Pump Ever’ [View all]

CHICAGO (CBS) — Gasoline prices could approach $5 a gallon by Memorial Day and stay a record levels for much of the summer, according to a forecast by GasBuddy.com.

Gas prices always spike in the summer, but the 2012 Gasbuddy.com Price Outlook predicts this summer will break records.

“It looks like it might be the most painful year at the pump that we have ever seen,” senior analyst Patrick DeHaan said.

By Memorial Day, gasoline in the Chicago area could rise to between $4.60 and $4.95 a gallon–more than a dollar above the current average.

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http://chicago.cbslocal.com/2012/01/13/gas-outlook-most-painful-year-at-pump-ever/

7 replies

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Gas Outlook: ‘Most Painful Year At Pump Ever’ [View all] Purveyor Jan 2012 OP

I was just thinking that the economy is looking like it might crawl off the deathbed.. Fumesucker Jan 2012 #1

Nothing would please the Presidents foes, both foreign and domestic, more than to have a summer of Purveyor Jan 2012 #2

Yeah Proud Liberal Dem Jan 2012 #4

Well of course, it's an election year. TransitJohn Jan 2012 #3

Corporate sabotage! FarLeftFist Jan 2012 #5

Don't worry. The invisible hand of the market will correct the problem by Labor Day. txlibdem Jan 2012 #6

that will finish off any rebound just in time for the election! madrchsod Jan 2012 #7