Fuel Prices Jump, Gas Up 20%, Diesel Climbs 10% Since January

Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by eheath, Apr 3, 2012.

  1. eheath

    eheath
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    Fuel Prices Jump, Gas Up 20%, Diesel Climbs 10% Since January


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  2. Munpot42

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    You think that's bad, you should live in California, we are seeing some $5 a gal + signs out here.:(
     
  3. RichardAK

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  4. SageBrush

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    In general, AFAIK, diesel prices rise in the winter, as demand increases from home heating that uses oil.

    YoY is a better comparison
     
  5. GrumpyCabbie

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    lol, is that all ;)


    The good thing about higher fuel prices is that the roads are quieter - at least over here.
     
  6. DeadPhish

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    These increases are entirely predictable. They occur every year during the period from Jan 1 through Jul 4. It's even possible to predict the prices next year - 2013 - based on this year's prices. Since Dec I've been estimating that the average fuel prices in the US as reported by EIA will top out around $4.25 - $4.40 this summer, barring an attack on Iran by Israel - then all bets are off. CA, NY and some other high-priced areas will reach $5.50 and higher, bet on it.

    At the end of this year average pricing will pull-back to the $3.80 range.

    Next summer :eek:. Again barring some conflagration in the MidEast, We should see average pricing in the $4.50+ range. As economic conditions worldwide continue to pickup the supply of petro-fuels will not keep up with demand.

    Source: EIA.gov or the graphs on Gasbuddy.com
     
  7. Corwyn

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    Diesel prices reflect heating oil demand in winter. But the demand itself is well known and planned for. If the winter is severe diesel price will increase, if mild they will decrease. Since this was a remarkably mild winter, we should expect lower diesel prices, or in this case, increases which are not commensurate with price increases in Gasoline.
     
  8. Skoorbmax

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    Probably not far off. I find little surprise in these numbers, too. I came out at lunch yesterday and saw a shiny brand new honda pilot not yet plated somebody had bought. I certainly hope they put the screws to the dealer and made him beg them for the sale. With gas where it is now it would just be wrong otherwise, because that thing is gonna cost a lot of it.
     
  9. Keiichi

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  10. spwolf

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    how about $8 here in europe? Yay free schools and free healthcare (not really).
     
  11. GrumpyCabbie

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    It's a shame America doesn't up their price to reduce consumption and enable them to be self sufficient and not rely on dodgy Countries like Venezuela.

    Saying that, in Eastern Europe you have to rely too heavily on the Russians and I wouldn't trust them one jot. They get everyone using their gas through pipelines and then when they fall out with you they cut it off. It's happened how many times in winter now? Two, Three times?

    That was a wake up call to us in the UK and since then we have been ensuring we obtain ours from more reliable places. Don't know which Eastern European Country you're from, but I hope they've got contingency plans.