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Gasoline Expected to Rise to $4 a Gallon

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Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

 

By Joe Carroll

 

April 23 (Bloomberg) -- Whether it's $50 to fill up your Prius or $130 for the Ford Expedition, $4-a-gallon gasoline is coming to a pump near you.

 

Fuel prices are rising at a pace not seen since Hurricanes Katrina and Rita knocked out a third of the U.S. oil refining industry in 2005. Gasoline consumption is climbing twice as fast as last year and will accelerate when summer travel begins late next month.

 

``What we're surprised by is the increased demand,'' said James Mulva, chief executive officer at ConocoPhillips, whose refineries from California to New Jersey produce 56 million gallons of gas a day, enough to meet 14 percent of the country's needs. ``Even though the price of gasoline is up, the demand is up,'' he said in an April 12 interview in Houston.

 

Population gains and U.S. economic growth are causing an increase in fuel purchases, according to Orlando, Florida-based AAA, the nation's largest organization for motorists. The U.S. economy will expand at a 2.4 percent annual pace in the second quarter, up from 1.8 percent in the first three months, according to the median estimate of 74 economists surveyed by Bloomberg. Gasoline use is rising almost 5 percent above the five-year average.

 

Americans are resigned to higher prices, says David Pursell, a principal with Pickering Energy Partners, a consulting firm in Houston.

 

 

 

http://www.bloomberg.com/apps/news?pid=20670001&refer=news&sid=afOlUzd30YOo

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re·sign       (rĭ-zīn')  Pronunciation Key 

v.   re·signed, re·sign·ing, re·signs

 

v.   tr.

 

To submit (oneself) passively; accept as inevitable: I resigned myself to a long wait in line.

To give up (a position, for example), especially by formal notification.

To relinquish (a privilege, right, or claim). See Synonyms at relinquish.

 

 

I have more faith in my country than that. Americans don't just "give up"...well, at least we aren't supposed to  ;)...

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I'm in the Dallas area.  I just purchased a new E85 FlexFuel vehicle and have been experimenting with E85 in the truck.  It doesn't like it at all.  My best guess is that the fuel is very water laden.

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Here's a little test you might try. Get a clean jar( pickle jar) and put some e85 in it and place in the freezer and see if you get phase separation. I'm very curious.

A friend of mine just got his Chevy Impala re chipped at the dealer to make it run better.

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