Think Progress

Energy Department predicts $3.60 a gallon gas prices in June.

A new report by the Energy Information Administration — “the statistical and analytical arm of the Energy Department” — predicts that “average gasoline prices will shoot up to $3.60 a gallon in June and remain nearly that high into fall.” These record prices are also expected to “reduce summer gasoline demand for the first time in 17 years.”



29 Responses to “Energy Department predicts $3.60 a gallon gas prices in June.”

  1. raynman says:

  2. misshusseinmolly says:

    I assume that the price of diesel and jet fuel will also be going up. Expect this to domino over to affect the price of any goods that get to market via truck or rail, and expect the tourist industry to suffer as more people stay home this summer due to travel costs.

    Would somebody please explain to me how all this is supposed to convince me that invading other countries for their oil is such a good idea? It really doesn’t seem to be working out.


  3. Max-1 says:

    .

    Do I hear $3.70? $3.70!
    How about $3.75? $3.75!
    Give me a $3.90. Do I hear a $3.90?
    o.k. $3.85… $3.85…
    Going Once… Going Twice…
    $4.00 from the gentelman wearing the robe standing in the shadows at the back …

    .


  4. Badmoodman says:

    $3.60 a gallon? COOL! Cuz right now I’m paying $3.67 as of this morning.
    PFFFFT.


  5. Freedom Rebel says:

    That means Soaring food prices, airline tickets, clothing, and all the basic necessities.

    Miss Molly you are right, more people will stay home. So all the places in the US that are normally packed in the summer, will have vacancies. That is a shame, those places count on the summer to make their whole year.

    Thanks Georgie for ruining everyone’s summer plans.. Great Job.


  6. Freedom Rebel says:

    Max-1 Says:
    April 8th, 2008 at 2:18 pm
    .

    Do I hear $3.70? $3.70!
    How about $3.75? $3.75!
    Give me a $3.90. Do I hear a $3.90?
    o.k. $3.85… $3.85…
    Going Once… Going Twice…
    $4.00 from the gentelman wearing the robe standing in the shadows at the back …

    That is very, very good.. I love it. Sad, but true.


  7. Ms_Joanne says:

    Remember that $3.60 is an average. That puts the $4.00 range in play for many, many people.

    Badmoodman, where are you? When I was in OR a few weeks ago the price of gas was significantly more than Chicagoland (where I live).


  8. Max-1 says:

    Here in the PNW, especially in the San Juans, it already is at @ $4.00 Reg unleaded.

    I fear… er… predict $4.50 – $4.75 come Labor day… YEA!!!

    :(

    .


  9. misshusseinmolly says:

    freedomfighter Says:
    April 8th, 2008 at 2:28 pm
    Look on the bright side. when the dem’s are elceted to the white house TP will be outa business! BUHAHAHAHAHAHA
    ______________________________________________________

    Yeah — just like Rush Limbaugh and his ilk were all out of business once the Republicans controlled the White House, both houses of Congress, and the Supreme Court? Rush still earned his living by blaming everything on the liberals and continues to do so.

    However, bashing the other side merely for the sake of bashing isn’t why TP will survive. Holding our leaders accountable for what they do will never go out of style, whether our leaders are Democrats or Republicans; liberals or conservatives; progressives or reactionaries.

    Unlike some people who are convinced that their side can do no wrong, we believe oversight is more effective in making the world a better place than merely drinking kool-aid.


  10. Ms_Joanne says:

    MsMolly, you’re pissing in the wind trying to get any goopers to understand the concept of accountability and that us liberals don’t care who’s screwing up, they need to be held acountable.

    Goopers don’t believe in being responsible for anything…yet they are irresponsible in every regard.

    F**kers. Talk about infuriating!


  11. IgnoranceIsNotBliss says:

    As of 4/4/08, I had to pay 3.77/gallon thank you very much.


  12. Crusty Old Bastard says:

    I predict that the cost of gasoline will increase until about December 15, 2008. Then there will be a drastic reduction to about $2.00 per gallon by January 21, 2009. When the Democratic Congress passes a retroactive excess (windfall)profits tax they will scream “Who, us?” And Daddy Bush and The Dick Cheney will flip us all off on their way to the Cayman Islands Bank. It was, is, and will be a plan, Man! In the old days Before WTF Bush it was called a conspiracy or a monoply. Now it is called upyours.


  13. americangoy says:

    $3.60?

    We have that now.


  14. Kane says:

  15. RUCerious says:

    dem’s are elceted to the white house

    Spelling lessons are a good investment.


  16. RUCerious says:

    Max-1 ~ Wanna go fishing off La Push in July?


  17. Jane E. Schneider says:

    misshusseinmolly Says:
    April 8th, 2008 at 2:36 pm
    freedomfighter Says:
    April 8th, 2008 at 2:28 pm

    “…However, bashing the other side merely for the sake of bashing isn’t why TP will survive. Holding our leaders accountable for what they do will never go out of style, whether our leaders are Democrats or Republicans; liberals or conservatives; progressives or reactionaries.

    Unlike some people who are convinced that their side can do no wrong, we believe oversight is more effective in making the world a better place than merely drinking kool-aid.”

    Well said, misshusseinmolly. You articulated the viewpoint of most of us perfectly. We expect accountability from our elected officials, regardless of party.


  18. Zooey says:

    I’d say that’s a safe bet. We have $3.46 already — and it hasn’t even stopped snowing yet.


  19. boreas says:

    misshusseinmolly Says: Would somebody please explain to me how all this is supposed to convince me that invading other countries for their oil is such a good idea? It really doesn’t seem to be working out.

    It works out really well if what you’re about is selling oil.


  20. kindness says:

    The cheapest I’ve seen in N. Cali is $3.59 for 87 octane.

    Predicting gas will be $3.60 by July……I’m not in awe of these non-rocket scientists.


  21. Ike_Skelton says:

    Well shit, gas prices are predicted to go up this spring and summer? What will they tell me next, to conserve energy, turn off power!?


  22. zepher says:

    Guess the Energy Information Administration (paid by our tax $$s?) just can’t keep focused long enough to get it right. Pacific NW has been +3.75 in Columbia River Gorge this year. Wonder if they are ever going to get busted and pay us back the mega bucks they stole from Washington and Oregon?


  23. dbadass says:

    Good thing we are still filling plastic bottles with water to ship around the world to places which already have water. Boycott FIJI water.


  24. 5th Estate says:

    meanwhile in my neighborhood, the high-volume local stores are selling MILK at $3.98 a gallon, the smaller store that I usually shop at is selling a gallon at $4.29.
    A gallon COSTS them $3.64. A ten percent profit margin would result in a cost to me of $4. I don’t mind payoing more at the small store because its more convenient and Ive shopped there for over a decade.


  25. tablogloid says:

    Whining Americans addicted to oil. It costs more in most other countries. Even Canada is over $4.00 a gallon at $1.12 per liter.


  26. Briseadh na Faire says:

    no need to wait ’till June, they’re here now in California!


  27. Gregor Samsa says:

    $3.60 a gallon by June?

    That’s already a reality where I live…


  28. lm945 says:

    $3.60 by June? In what reality? In parts of L.A., we’re already paying over $4.00. At least one station in Northern California is charging over $5.00.


  29. Evil Spaniard says:

    “Energy Department predicts $3.60 a gallon gas prices in June.”

    Geniuses!



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