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 Member

    Joined:
    Feb 22, 2011
    204
    14
    New York
    Vehicle:
    2010 Prius
    Model:
    V
    Fuel Prices Jump, Gas Up 20%, Diesel Climbs 10% Since January


    Read the full story »
     
  2. Munpot42

    Munpot42 Active Member

    Joined:
    Mar 12, 2012
    856
    208
    Santa Monica, Ca. 90405
    Vehicle:
    Other Hybrid
    You think that's bad, you should live in California, we are seeing some $5 a gal + signs out here.:(
     
  3. RichardAK

    RichardAK Member

    Joined:
    Mar 2, 2012
    121
    12
    Fairbanks, AK
    Vehicle:
    2012 Prius v wagon
    Model:
    Three
  4. SageBrush

    SageBrush Senior Member

    Joined:
    Jun 4, 2008
    11,626
    2,449
    Southwest Colorado
    Vehicle:
    2012 Prius v wagon
    Model:
    Two
    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

    GrumpyCabbie Senior Member

    Joined:
    Dec 14, 2009
    6,493
    1,906
    North Yorkshire, UK
    Vehicle:
    2010 Prius
    Model:
    III
    lol, is that all ;)


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

    DeadPhish Senior Member

    Joined:
    Sep 10, 2005
    2,006
    351
    Outer Banks of NC.. Retired to play golf and poker
    Vehicle:
    2005 Prius
    Model:
    N/A
    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

    Corwyn Energy Curmudgeon

    Joined:
    Mar 6, 2011
    2,143
    632
    Maine
    Vehicle:
    2007 Prius
    Model:
    II
    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

    Skoorbmax Senior Member

    Joined:
    Mar 19, 2010
    2,632
    256
    Western NY
    Vehicle:
    2010 Prius
    Model:
    II
    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

    Keiichi Active Member

    Joined:
    Feb 1, 2012
    808
    74
    Goleta
    Vehicle:
    2012 Prius v wagon
    Model:
    Five
  10. spwolf

    spwolf Senior Member

    Joined:
    Sep 16, 2005
    2,808
    266
    Eastern Europe
    how about $8 here in europe? Yay free schools and free healthcare (not really).
     
  11. GrumpyCabbie

    GrumpyCabbie Senior Member

    Joined:
    Dec 14, 2009
    6,493
    1,906
    North Yorkshire, UK
    Vehicle:
    2010 Prius
    Model:
    III
    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.