Gas prices rise to new national record - Truckers' Trucking Forum | Message Board

Cybergal · **^ Top** #1 03.10.2008

Gas prices near records, following oil
3/10/08

Quote:

NEW YORK - Gasoline prices were poised Monday to set a new record at the pump, having surged to within half a cent of their record high of $3.227 a gallon. Oil prices, meanwhile, surged to $107, a new inflation-adjusted record and their fifth new high in the last six sessions on an upbeat report on wholesale inventories.

The national average price of a gallon of gas rose 0.7 cent overnight to $3.222 a gallon, 69 cents higher than one year ago, according to AAA and the Oil Price Information Service. Last May, prices peaked at $3.227 as surging demand and a string of refinery outages raised concerns about supplies.

That record will likely be left in the dust soon as gas prices accelerate toward levels that could approach $4 a gallon, though most analysts believe prices will peak below that psychologically significant mark. In its last forecast, released last month, the Energy Department said prices will likely peak around $3.40 a gallon this spring; a new forecast is due Tuesday.

Retail gas prices are following crude oil, jumped 24 percent in a month on its way to setting new inflation-adjusted records four times last week. On Monday, crude prices surged to yet another record after the Commerce Department said wholesale sales jumped by 2.7 percent in January, their biggest increase in four years, according to Dow Jones Newswires.
The strong sales report suggested to oil traders that the struggling economy may be doing better than thought.
http://news.yahoo.com/s/ap/20080310/....RXNReNEys0NUE

Cybergal · **^ Top** #2 03.10.2008

3/10/08

NEW YORK - Gasoline prices were poised Monday to set a new record at the pump, having surged to within half a cent of their record high of $3.227 a gallon. Oil prices, meanwhile, surged above $108 to a new inflation-adjusted record and their fifth new high in the last six sessions on an upbeat report on wholesale inventories.
http://news.yahoo.com/s/ap/20080310/...8n56ox9_us0NUE

outlawwv · **^ Top** #3 03.10.2008

i don't even hear anything about diesel prices on the news or internet - we're being raped !!

broncrider · **^ Top** #4 03.10.2008

what do you want to bet that it hits $108 tommorrow??

i have seen a few articles with diesel prices mentioned....thanks to cybergal...but most people never put the two together ( price of fuel and price of consumer goods that is)

Ron-MARS Trucking · **^ Top** #5 03.10.2008

Now if someone could tap into America's #1 source of Gas, our politicians...that would be a cheap alternative.

WiseOne · **^ Top** #6 03.10.2008

It was ALREADY $108 today! I think it might go up to $120.

broncrider · **^ Top** #7 03.10.2008

sure sure , why dont ya just point out my mistake???

lol

wanna bet it hits $110 tommorrow???

comon ill give ya 1-2 odds

Matthews · **^ Top** #8 03.10.2008

I think the Pencil pushers need to stop trading our and biding on it like its a commodity stock! The more they PLAY with that " STOCK" the worst OUR situation is going to get.

All Im saying on this post is they are trying to GAIN off of our Pain and that kind of WHITE COLLAR business Angers me to no end!

Playing with OIL / FUEL prices like its a GM or FORD stock will do nothing more than HURT the Nation. And we are seeing that!

8th GRADER had that input! lol
They NEED not play with those Items on wall street 10-4!

Matthew Sr.

Linc460 · **^ Top** #9 03.11.2008

We all, might as well get used to it.

I heard that 87 octane gas is going to be 4.00 a gallon, here in Wi, by the fourth of July. I can imagine how high diesel will be by then. I dont see where the profit in owning your own semi will be, if the fuel prices get that stupidly high.

My "hats off" to all you owner operators

Good luck.

animal control · **^ Top** #10 03.11.2008

All the PROS said Nightie $omtin zoomin 2 $one-twentey-somthin!.im surprised by the Baby one "o"1,2,3,4,5,ect.Baby Steps!..lets see what BEN brings the 18th?.$$.$

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