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Analysts: 2012 Will be The Most Expensive Year Ever for Gas

The Blaze -- Due to the growing cost of crude oil and multiple refinery mishaps, 2012 is on track to be the costliest year ever for gasoline.

“Nationally, gasoline averages $3.70 a gallon — up 30 cents since mid-July and is now higher than year-ago levels in 39 states. Prices are likely to continue climbing through August, with little relief until after Labor Day,” USA Today reports.

Gas jumped 9 percent this month, pushing the national average to $3.67 a gallon, thereby beating 2011’s $3.51 a gallon record. And it doesn’t look like it’s going to let up. In fact, even after demand dies down with the end of summer, 2012 will still most likely be the most expensive year on record, according to Brian Milne of energy tracker Telvent DTN.

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Submitted Aug 16, 2012 By: HYEgasCA

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honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Aug 20, 2012 6:02:47 AM Ignore honda0105 Report Abuse melv: crook and greed go hand in glove.
honda0105 Champion Author Tallahassee Posts:18,580 Points:1,605,520 Joined:Nov 2008	Message Posted: Aug 20, 2012 6:01:12 AM Ignore honda0105 Report Abuse Doug: this is also not the economy of your parents or grandparents. When either were starting to vote, China was a third world country with practically no external economic power.
DougtheEconMan Champion Author Akron Posts:1,903 Points:268,690 Joined:Feb 2008	Message Posted: Aug 17, 2012 12:18:03 AM Ignore DougtheEconMan Report Abuse I know Obama and his policies and ideas dont represent my parents and grandparents Democrat Party! I look around and see the suffering and heartaches of people I know, and strangers alike. High numbers out of work, high numbers of under-employed, so many that have given up. $4 gasoline is hurting so many people, and many of his policies are directly the cause. It's just a shame. Four and a half more years of this will be a nightmare at best. [Edited by: DougtheEconMan at 8/17/2012 12:19:48 AM EST]
melvindale Champion Author Michigan Posts:1,438 Points:351,230 Joined:Jun 2011	Message Posted: Aug 17, 2012 12:15:32 AM Ignore melvindale Report Abuse Reading the headline, I thought this article was from February or March. Of course, that did not pan out. So now the industry is faking all these accidents to try to drive the price up. Because, as everybody knows, the only thing a greedy oil executive wants is higher gas prices. If he can't get there by hook, he'll get there by crook. Actually I think I have that out of order, crook has got to be first choice every time. Crook. Crook. Crook!
judgemobile Champion Author Ohio Posts:7,550 Points:2,441,135 Joined:Nov 2005	Message Posted: Aug 17, 2012 12:04:27 AM Ignore judgemobile Report Abuse so they are saying it will exceed the 2008 top of $ 147 a barrel and the top pump price of $ 5.00 + a gallon ? they are all nuts if they believe the market will not fix it long before we reach such levels again.
Dragnet Champion Author Arizona Posts:15,385 Points:2,904,760 Joined:Jul 2004	Message Posted: Aug 17, 2012 12:03:47 AM Ignore Dragnet Report Abuse Thank you Prez Ovomit. He poured millions of $$$ all over the world except right here in America.
N5EXY Champion Author Austin Posts:5,472 Points:1,506,080 Joined:Jul 2004	Message Posted: Aug 17, 2012 12:03:31 AM Ignore N5EXY Report Abuse Bozama said he wanted "Europe prices" - seven bucks a gallon, I think. If you still need a reason to defeat Obama then consider his administration’s intense effort to deprive America of the energy it needs to function and compete in the world. If a foreign nation had launched an attack on America to destroy its coal-fired plants, to shut down its coal mines, and to thwart its ability to drill for oil and natural gas, we would be at war with it. Obama is at war with America. 81 days until the election.
firefly09 Champion Author San Diego Posts:2,478 Points:712,720 Joined:Mar 2009	Message Posted: Aug 17, 2012 12:02:57 AM Ignore firefly09 Report Abuse No kidding.
furiousfowl Champion Author Riverside Posts:16,835 Points:2,745,180 Joined:May 2005	Message Posted: Aug 17, 2012 12:02:15 AM Ignore furiousfowl Report Abuse Well that should not be a surprise.
OldMoses All-Star Author Atlanta Posts:742 Points:55,595 Joined:Sep 2008	Message Posted: Aug 17, 2012 12:01:01 AM Ignore OldMoses Report Abuse Ain't seen nothing yet....
BlueberryFocus All-Star Author Rochester Posts:552 Points:127,490 Joined:Feb 2012	Message Posted: Aug 17, 2012 12:00:15 AM Ignore BlueberryFocus Report Abuse It will be interesting to see where gas prices go over the coming months.... Wherever they go just remember that the general trend is climbing
us4usa Champion Author Missouri Posts:5,976 Points:1,108,585 Joined:May 2008	Message Posted: Aug 16, 2012 11:58:49 PM Ignore us4usa Report Abuse Did some one in DC say they wanted higher prices???
Kawibiker Champion Author Illinois Posts:1,165 Points:203,400 Joined:May 2012	Message Posted: Aug 16, 2012 11:57:30 PM Ignore Kawibiker Report Abuse Really? no kidding.. everything going up up
Vette1967 Champion Author Albany Posts:5,947 Points:1,272,000 Joined:Jun 2009	Message Posted: Aug 16, 2012 11:55:43 PM Ignore Vette1967 Report Abuse Didn't expect it to be lower.
drz614 Champion Author Harrisburg Posts:2,279 Points:593,620 Joined:Aug 2011	Message Posted: Aug 16, 2012 11:48:25 PM Ignore drz614 Report Abuse agree w/ gordom
Shakleelady31 All-Star Author Fort Wayne Posts:571 Points:397,850 Joined:Jan 2012	Message Posted: Aug 16, 2012 11:47:25 PM Ignore Shakleelady31 Report Abuse Something to look forward to.??
GordoM All-Star Author Detroit Posts:993 Points:990,070 Joined:Nov 2006	Message Posted: Aug 16, 2012 11:43:38 PM Ignore GordoM Report Abuse If the govenment powers that be would allow another refinery or two to be built things would be better. Time for a change in DC?
RAE344 Champion Author Virginia Beach Posts:3,041 Points:656,730 Joined:Jun 2011	Message Posted: Aug 16, 2012 11:42:33 PM Ignore RAE344 Report Abuse Obama's energy plan must be working.
bojiway1 Champion Author Minnesota Posts:2,024 Points:474,060 Joined:Dec 2011	Message Posted: Aug 16, 2012 11:41:08 PM Ignore bojiway1 Report Abuse this must be the energy plan
sydb7 Champion Author Atlanta Posts:3,537 Points:1,916,505 Joined:Mar 2003	Message Posted: Aug 16, 2012 11:39:47 PM Ignore sydb7 Report Abuse Wait until 2013!
rf6480 Champion Author Miami Posts:1,528 Points:544,385 Joined:Mar 2011	Message Posted: Aug 16, 2012 11:38:49 PM Ignore rf6480 Report Abuse up 40-60 cents here. Of course food will follow, diesel is up 40 cents at 1 local station. Like to know what the truck stops are getting.
twinfanMN Champion Author Minnesota Posts:1,610 Points:452,240 Joined:Jun 2011	Message Posted: Aug 16, 2012 11:37:48 PM Ignore twinfanMN Report Abuse Thanks analysts/spectators
justmedc Veteran Author Michigan Posts:382 Points:174,045 Joined:Mar 2012	Message Posted: Aug 16, 2012 11:35:58 PM Ignore justmedc Report Abuse yippee and the food will go up too
suzmar Champion Author Texas Posts:2,208 Points:868,310 Joined:Jun 2006	Message Posted: Aug 16, 2012 11:35:10 PM Ignore suzmar Report Abuse The price of ethanol is just adding to the high cost of gasoline.
chuckhermann All-Star Author New York Posts:952 Points:495,800 Joined:Jun 2011	Message Posted: Aug 16, 2012 11:34:58 PM Ignore chuckhermann Report Abuse 2013 will be probably be the most expensive year in 2013, 2014 in 2014, etc., etc. ...
Yankee829 Champion Author Dallas Posts:2,181 Points:554,615 Joined:Sep 2010	Message Posted: Aug 16, 2012 11:33:24 PM Ignore Yankee829 Report Abuse Ridiculous!!!
bonzoonfmb Champion Author Florida Posts:1,757 Points:639,650 Joined:Feb 2010	Message Posted: Aug 16, 2012 11:30:15 PM Ignore bonzoonfmb Report Abuse There is plenty of supply. There is no reason why fuel prices are this high.
bigdipperMS Champion Author Mississippi Posts:1,502 Points:533,975 Joined:Apr 2011	Message Posted: Aug 16, 2012 11:29:02 PM Ignore bigdipperMS Report Abuse Bad news for drivers.
reeneedan Champion Author San Jose Posts:1,200 Points:384,620 Joined:May 2011	Message Posted: Aug 16, 2012 11:29:00 PM Ignore reeneedan Report Abuse well labor day is only 2 weeks away
pgerassi Champion Author Milwaukee Posts:10,876 Points:2,127,605 Joined:Apr 2007	Message Posted: Aug 16, 2012 11:27:36 PM Ignore pgerassi Report Abuse SSDD!
Homito All-Star Author San Antonio Posts:880 Points:174,700 Joined:Apr 2011	Message Posted: Aug 16, 2012 11:27:20 PM Ignore Homito Report Abuse good for oil companies owners.
abcdMA Champion Author Worcester Posts:7,902 Points:1,570,980 Joined:Nov 2008	Message Posted: Aug 16, 2012 11:26:42 PM Ignore abcdMA Report Abuse not surprising considering the restrictive regulations placed upon the energy industires since January 2009
Homito All-Star Author San Antonio Posts:880 Points:174,700 Joined:Apr 2011	Message Posted: Aug 16, 2012 11:26:38 PM Ignore Homito Report Abuse I remember back in 2008 the price was around 4.00.
beachmanglen All-Star Author Tampa Posts:669 Points:491,950 Joined:Aug 2011	Message Posted: Aug 16, 2012 11:26:24 PM Ignore beachmanglen Report Abuse With China's demand coming back, 2013 will be worse.
whaboush Champion Author Richmond Posts:1,233 Points:727,660 Joined:Nov 2010	Message Posted: Aug 16, 2012 11:25:32 PM Ignore whaboush Report Abuse I sure hope not!
wayoung56 Champion Author Alabama Posts:2,780 Points:814,335 Joined:Oct 2006	Message Posted: Aug 16, 2012 11:24:25 PM Ignore wayoung56 Report Abuse So this is news??? We figured that out a long time ago - lol.
WIPACKERFAN Champion Author Chicago Posts:8,779 Points:1,838,475 Joined:Aug 2005	Message Posted: Aug 16, 2012 11:23:41 PM Ignore WIPACKERFAN Report Abuse No kidding.
carefrey Champion Author Orlando Posts:5,510 Points:1,154,510 Joined:Sep 2009	Message Posted: Aug 16, 2012 11:20:55 PM Ignore carefrey Report Abuse Okay!
mstearno Champion Author Dayton Posts:8,043 Points:1,727,235 Joined:Jan 2008	Message Posted: Aug 16, 2012 11:19:31 PM Ignore mstearno Report Abuse no wait until 2013 if nobama wins
sts808 Veteran Author Honolulu Posts:361 Points:51,890 Joined:Jun 2012	Message Posted: Aug 16, 2012 11:16:15 PM Ignore sts808 Report Abuse ok
Bildawg Champion Author Ohio Posts:1,066 Points:477,970 Joined:Oct 2011	Message Posted: Aug 16, 2012 11:14:15 PM Ignore Bildawg Report Abuse ok
FunMyster All-Star Author Indiana Posts:907 Points:73,215 Joined:Jul 2011	Message Posted: Aug 16, 2012 11:12:54 PM Ignore FunMyster Report Abuse ok
Jeff1944 Champion Author South Dakota Posts:4,212 Points:1,069,730 Joined:Jan 2010	Message Posted: Aug 16, 2012 11:10:39 PM Ignore Jeff1944 Report Abuse This fact may bring down the Obama house of cards come November.
mcmonsta Champion Author Honolulu Posts:3,207 Points:813,795 Joined:Sep 2009	Message Posted: Aug 16, 2012 11:10:33 PM Ignore mcmonsta Report Abuse yes and we will be so happy when all this "good" news is over!
crashintuc34 Champion Author Tucson Posts:4,027 Points:806,915 Joined:May 2010	Message Posted: Aug 16, 2012 11:08:41 PM Ignore crashintuc34 Report Abuse The cost of crude is going up due to the failed energy policies of our so-called president.
nimpy Champion Author Indianapolis Posts:8,115 Points:1,697,105 Joined:Oct 2007	Message Posted: Aug 16, 2012 11:06:09 PM Ignore nimpy Report Abuse I can believe it
serrog Champion Author Nova Scotia Posts:5,544 Points:1,508,130 Joined:Oct 2008	Message Posted: Aug 16, 2012 11:05:55 PM Ignore serrog Report Abuse Duh
dinomen Champion Author Arkansas Posts:1,882 Points:718,685 Joined:May 2010	Message Posted: Aug 16, 2012 11:03:48 PM Ignore dinomen Report Abuse Ok.
CobraJ All-Star Author Tampa Posts:998 Points:376,085 Joined:Mar 2011	Message Posted: Aug 16, 2012 11:00:07 PM Ignore CobraJ Report Abuse I'm looking forward to that record being broken in 2013. [Edited by: CobraJ at 8/16/2012 11:01:15 PM EST]
SpankyMI Champion Author Kalamazoo Posts:2,688 Points:755,280 Joined:Jan 2011	Message Posted: Aug 16, 2012 10:58:21 PM Ignore SpankyMI Report Abuse You can thank the clowns in charge.