Wednesday, February 15, 2012

$5 A GALLON!!!

Experts are predicting gas could hit $5 per gallon by this summer. GasBuddy.com predicts a national average of $3.95 per gallon by Memorial Day, with prices as high as $4.95 for the Chicago area and $4.60 for Atlanta by that date. The reason? A combination of tensions in the Middle East, big refineries on the East Coast shutting down, and big demand for gas in Asia. Prices rose 13 cents in the last month. In Chicago right now, gas is averaging $3.57 per gallon. It is $3.64 in Charlotte, N.C. and $3.88 in Los Angeles. The current average in Dayton is $3.23 per gallon, and the average in Cincinnati is $3.25. Well we will see soon enough I am not that convinced but one ex-CEO of a major brand did note in December we would see it so I would take his word over experts- This will turn into a political point so we careful in a election year what they will do to prevent it.