On Sun, 08 Jun 2008 18:10:02 -0400, Nate Nagel
wrote:

Paul M. Eldridge wrote:
On Sun, 8 Jun 2008 10:27:02 -0700 (PDT), ransley
wrote:


On Jun 8, 11:52 am, RicodJour wrote:

On Apr 15, 12:02 pm, "S. Barker" wrote:


Well mr. RANSLEYASS, it's still 3.09 here in kc. I don't see it hitting $4
here THIS summer. Watch us atwww.kcgasprices.comso i don't have to keep
telling you.

Still hanging on to that belief? Based on your link it's gone up
sixty or seventy cents per gallon in less than two months. Your
powers of prognostication are wanting.

R

And now how much higher is it going?


I don't think anyone can give you a good answer. However, one thing
to note is that the crack spread as shown below has all but
disappeared, so if refinery margins eventually return to normal levels
(and if that doesn't happen soon, many refiners will go out of
business), gas will be selling between $4.30 and $4.50 a gallon. In
California, regular unleaded is already in the range of $4.45 to $4.50
and it's likely just a matter of time before the rest of the country
follows suit.

http://www.fuelgaugereport.com/

Crude oil jumped almost eleven dollars a barrel on Friday and that
came on the heels of some five and a half dollars the day before.
Many in the industry believe $150.00 a barrel is just weeks away, so
in the absense of a world-wide recession, expect continued upward
pressure.

Cheers,
Paul

*will be?* it already is, here. just filled up, regular was $4.03;
premium was over $4.30.

nate

Hi Nate,

The national average is currently a hair over $4.00, with some areas
thirty or forty cents above or below. Again, as higher crude prices
make their way through the system and as refiners work to restore
margins, the national average should continue to move closer to $4.30
or $4.50 a gallon. Throw in a hurricane or two or war in the Middle
East and, well, all bets are off.

Cheers,
Paul