Monday, March 26, 2012

High Gas Price Will Continue Through the Summer

We are now at the pinnacle of panic mode. I can remember in 2008 when gas price creep close to the $4.00/gallon mark. However, I don't see the panic as seen in 2008. I am not sure if people are stupid or embarrassed to notice. I guess they are stubborn because they vote for Obama in 2008. Because Obama has denied the Keystone Pipeline XL to be built in America, we are prisoners from the cartel of the Saudis, Venezuelans, and Iranians. Obama has no intention to allow drilling for oil. Instead, he wants us to change our ways and buy electric cars, which no one wants.

BALTIMORE (CBS WJZ) —Just when you thought it couldn’t get any worse, gas prices are up again this week.

Monique Griego has the latest on when and if they’ll come down anytime soon.

Gas stations continue to pump out the pain.

This week prices jumped another six cents, bringing the national average to around $3.90 a gallon.

Maryland’s average is even higher at $3.93, inching ever closer to that dreaded $4 mark.

Despite these outrageously high prices, AAA has even more bad news. They say the summer months mean another spike.

AAA says April is when the East Coast switches from winter fuel blends to the more expensive summer fuel blends. And for drivers that means topping off already abnormally high prices.

Experts expect prices to jump 10 to 20 cents over the next few weeks before spiking in mid-May at around a record-breaking $4.25 a gallon.