Gas Prices Hit Record Highs in Indiana

[TheGeneral+]

wane.com

Gasoline prices in Indiana have hit a new high, breaking a record set last spring. The AAA-Hoosier Motor Club says new record high average was established yesterday for self-serve unleaded regular, at $2.073 per gallon. That's two-tenths of a cent higher than the previous record, set May 25 of last year. Motor Club spokesman Greg Seiter says that while the average price dropped slightly today, he expects prices to move up over the next few weeks. He blames the high price of crude oil for the nationwide increase in the price of gasoline. The Motor Club says the state's highest prices are in South Bend, while the cheapest gas is in Terre Haute.

Meanwhile a AAA spokesman he wouldn't be surprised to see gasoline prices set a record high nationally by tomorrow morning. Justin McNaull says it's only a-tenth of a cent short of the mark now, at $2.05 a gallon. It's up a-half penny from yesterday. McNull says it's all tied to the surging price of crude oil and he doesn't see any gouging at the pump. There's a bit of good news in the decision by OPEC to increase production. McNull points out that economists say a little goes a long way, with a one percent production increase translating to as much as a ten percent price difference. AAA says the daily report surveys 60,000 self-service stations across the country.

 

[Roxygurl]

we would kill for $2.05 a gallon in san diego. were paying $2.30 and its going up daily.incredible.:sad3: ~RG

 

[eek.]

And it will keep climbing.
Increasing consumption in places like China India and Brazil will keep driving prices up.
The depreciating dollar drives them up even faster.
The US is about to enter its summer holiday gasguzzling period.

In a couple of years $2 a gallon will be nothing more than a fond memory.


Enjoy it while it's still dirt cheap.

 

[stucco43]

welcome to the real world..CostaRica where the average tico gets by on $300.00 a month...the price of a gallon of gas is over $3.00

 

[JDeuce]

For anyone truly convinced that oil prices will continue to surge through the roof with no end in sight, then your next action should be pretty obvious: Go long on as many oil futures as you can. Get em while they're hot!! Buy them up like they're going out of style...I mean, you're not opposed to making yourself a pile of super-easy cash, are you? Hell, if the oil market really is as bad as you say it is...investing in oil now would be like stealing.

The nice thing about a free market system is once something becomes too expensive for consumers, either opportunists will develop and sell alternatives...or consumers will adjust their own actions. Its always been that way and will continue to be that way.

In fact, last I saw...Toyota Prius sales were up while Hummer sales were down...

 

[Marco]

I guess this is all something to think about after all the time and money spent over in the middle east kicking Saddam out of Kuwait and then the piss drain of money spent over there now trying to build democracy in no-man's land.....

We rebuild thier infrastructure and break up the gangbang on the Kuwaiti women at the hands of the Iraqis...

Then put out all the oilwell fires and chase Saddam back home, not bothering to collect reparations....

Then go back and build up Iraq and bring electricity to the Iraqi Amish.....

Then take it up the a$$ in the form of some of the highest gas prices this nation has ever seen.:hump:

One would think the collective minds of Americans and the American politicians would have learned from all this a long time ago......but it's just another case of helping someone off the ground just to get a knife in the back in return....just twist it a little bit when you need more money.......

Times like these I wish we would have turned our back on the Kuwait invasion and let Saddam and the then 4th largest army on the planet roll over the entire middle east.....then some ungrateful arabs would know that freedom isn't free.......

 

[Woody0]

I guess this is all something to think about ...

Yada, yada, yada. Its what is known as a free market. Surely as an American you don't need that explained to you.

 

[Marco]

Free market, yeah......

Let the next Saddam who comes to power personally a$$pack his arab neighbors daughter, just so the rest of the world knows that the term "freedom isn't free" also applies to them.

Right now freedom is free for the countries who have big brother USA doing all the heavy lifting and heavy spending.

Next time let little brother get raped. Then little bro' will remember to say thank you and pay his dues.

 

[DELSOLII]

welcome to the real world..CostaRica where the average tico gets by on $300.00 a month...the price of a gallon of gas is over $3.00

Too much. I agree. At least my car is light and only requires $10 a week.


Sol II

 

[Dawoofdaddy]

Get used to higher prices for all energy including gasoline, for we are in the start of a MAJOR rise in all commodity based investments.

To protect your wealth and buying power, buy gold and silver. Also, invest in anything related to commodities.

Anyone driving a large SUV would be advised to look for a more fuel efficient vehicle. Of course the foreign auto makers are one step ahead of Detroit in making more fuel efficient automobiles.

This is very similar to early 70's. I was a young kid then, but I do remember people towing large four door caprices and such to the junk yard for scrap metal.

Unless you are Shaq or have much wealth to throw around, don't buy a large suv unless you are planning to live inside. :lolBIG:

 

[yubnolck]

Just now broke the 2.00 mark here in oklahoma. But, you can still find someplaces where it is 1.98 or 1.99. Last year i bought a motorcycle, and with the gases prices the way they are it is almost literally the only way to go.

 

[LakersFan4Life]

im feeling roxy the gas prices here in dana point are 245 a gallon.only place i know higher is hawaii where i seen it over 3 bux in certain parts of maui.wonder if pops still has my bmx?

 

[LakersFan4Life]

Get used to higher prices for all energy including gasoline, for we are in the start of a MAJOR rise in all commodity based investments.

To protect your wealth and buying power, buy gold and silver. Also, invest in anything related to commodities.

Anyone driving a large SUV would be advised to look for a more fuel efficient vehicle. Of course the foreign auto makers are one step ahead of Detroit in making more fuel efficient automobiles.

This is very similar to early 70's. I was a young kid then, but I do remember people towing large four door caprices and such to the junk yard for scrap metal.

Unless you are Shaq or have much wealth to throw around, don't buy a large suv unless you are planning to live inside. :lolBIG:

*raises his hand like the dunce he is for buying one*im bout to start cruisin a geo metro or something

 

[UWinSports]

$1.95 a gallon this morning here in Illinois.