Article

2022-05-19 Economy

Experts warn we could see national average of $6 gas by August

[WRAK] The average gas price in North Carolina stands at $4.32 per gallon on Wednesday. Experts are now saying we could see gas prices at $6 by the end of the summer.

The local average jumped 6 cents Tuesday night -- the largest increase we've seen in awhile.

CNN Business reports the average price for gasoline in California hit $6 a gallon Tuesday for the first time, and that could become the national average in only a few months.

"There is a real risk the price could reach $6+ a gallon by August," Natasha Kaneva, head of global oil and commodities research at JPMorgan, told CNN in an email on Tuesday.

While JPMorgan is concerned it could be difficult to meet intense demand during this summer's driving season, other experts don’t believe gas prices will ever get that high because many people would likely "balk at $6 gas" and drive less.

Posted by Besoeker 2022-05-19 04:10|| || Front Page|| [11136 views ] Top

#1 Fuel costs can be mediated by driving less. Fuel costs associated with food delivery logistics, directly impact the consumer at the grocery store and are not as easily adjusted.

Driving less is oftentimes a viable option. Eating less is generally not as popular.

Posted by Besoeker 2022-05-19 04:19|| 2022-05-19 04:19|| Front Page Top

#2 The greens need to FOAD! Open up the leases, restore the pipelines and the oil/gas fields.

Posted by 3dc 2022-05-19 05:01|| 2022-05-19 05:01|| Front Page Top

#3
Here in mid-east GA. the Sprint Super Saver price went from $3.68 to $4.19 in one week? We are seeing LED Gas Station signs posting NC instead on prices. On last check, SAM'S Club price was $4.02+

The Non-Ethanol we were paying $3.98 for in April, is now $4.89.

Note: We are not seeing any signage indicating 85/15 GAS has arrived.

But, I am seeing Gas Pumps plastered with those
"I DID THAT" Biden Stickers.

Note: Both of my Wally Worlds were out the 5 gallon plastic gas containers.

So what next ?
National Power Grid Failures
or Natural Gas price hikes and shortages this winter?

Posted by NN2N1 2022-05-19 06:23|| 2022-05-19 06:23|| Front Page Top

#4 Ref #2: Open up the leases, restore the pipelines and the oil/gas fields.

This would have an almost immediate effect on fuel pricing and the economy.

Posted by Besoeker 2022-05-19 06:44|| 2022-05-19 06:44|| Front Page Top

#5 not a W on T article

also, the past two days have seen quarterly reports from Walmart and Target indicating that they will have to hike prices soon as they have been hit hard by logistics cost increases.

Posted by Lord Garth 2022-05-19 07:18|| 2022-05-19 07:18|| Front Page Top

#6 Not a DM article.

Gas prices reach new record high as GOP senators blame Biden for holding production back

Posted by Skidmark 2022-05-19 08:33|| 2022-05-19 08:33|| Front Page Top

#7 This sounds like a WOT article to me. our own government is terrorizing us all.

Posted by Chris 2022-05-19 09:16|| 2022-05-19 09:16|| Front Page Top

#8 Driving less is oftentimes a viable option.
Not for ag tractors.

Posted by Skidmark 2022-05-19 09:32|| 2022-05-19 09:32|| Front Page Top

#9 Nor transport and delivery, which would likely increase as people would have them do the driving for them.

Those 'other experts' are shills.

Posted by swksvolFF 2022-05-19 11:41|| 2022-05-19 11:41|| Front Page Top

#10 You billing home fire residents a fuel surcharge yet?

Posted by Skidmark 2022-05-19 12:09|| 2022-05-19 12:09|| Front Page Top

#11 No; but I'm sure we are on the other end of the spectrum from Urban departments and BS calls; then eventually all calls.

Except LA, they made the papers with their brand-new EV fire truck. Pioneer! Excelsior!

Posted by swksvolFF 2022-05-19 13:14|| 2022-05-19 13:14|| Front Page Top

#12 EV fire truck

Some fire fighters have dealt with the problem of water in electric vehicle situations. They know it's a bad deal.

Posted by M. Murcek 2022-05-19 13:16|| 2022-05-19 13:16|| Front Page Top

#13 My heroes are the ones who said fuggit, go get that road truck full and sand and bury the M-Fr.

The growing concern is the lighter frames for the EV and the IC requiring better MPG ratings is too often the frames can defeat traditional extrication methods. It gets more exciting with air bag placements. We shopped a program which could only fit on a laptop, showing such pitfalls, but that was (not too long ago real time) a couple gens ago.

Remember that program which let you look at the sky with a phone/tablet and it would show the constellations? Need something like that but for vehicles, showing pitfalls, even if the frame no longer isn't (that filter gimmick coming into real use). Instead of 3-D renders of every vehicle ever made, stream just what is needed at the moment. Put a NV/IR for added fun (handy for finding ejections - passenger seat shows warm, but no passenger, time to take a look around).

Posted by swksvolFF 2022-05-19 13:50|| 2022-05-19 13:50|| Front Page Top

#14 We have arrived at stagflation. Some estimate 10 dollars for regular by mid summer. People will stop all major purchases. People will cut back across the board. This is happening now.

Posted by Dale 2022-05-19 18:13|| 2022-05-19 18:13|| Front Page Top

#15 Per Ralph Kramden so long ago: "To the MOON, Alice!"

Posted by Bubba Lover of the Faeries8843 2022-05-19 19:20|| 2022-05-19 19:20|| Front Page Top

#16 Ref #10: If Biden is not stopped, this nightmare will become reality.

Posted by Besoeker 2022-05-19 20:08|| 2022-05-19 20:08|| Front Page Top

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