Are You Ready? Analysts Predict $5 A Gallon Gas In 2012

Five dollars a gallon for gas? Analysts say it could happen this year.

Just this weekend, the president signed new sanctions against the country of Iran. Now, Iran is firing back with a threat that could send gas prices higher than ever.

Prices at the pump already have drivers in pain. “I can barely afford it now,” said one driver.

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dumpsty - 1/3/2012 1:03:31 PM

+6 Boost

My question is: Why? There hasn't been any real positive advances in the overall economy. The daily/weekly/monthly unemployment rates are largely stale & unreliable. There are too many communities with higher quantities of homes available for sale. The average middle-class spender is not spending nearly enough for many of today's larger retail businesses to comfortably survive.

It would be a daft mistake to increase fuel rates in the US at this point. Not in a time where consumers save money to have fuel for daily commutes to work and school.

And if fuel prices rises again, so will prices for the products that depend on regular shipments by vehicles that use fuel as well. If fuel prices remained about $2.00-$2.50, the housing industry may not have took such a deep decline as homeowners would have had a bit more breathing-room financially to cover their mortgage payments until they could get into something more affordable.

Joe_Limon - 1/3/2012 1:48:49 PM

+2 Boost

Wait, the USA makes more oil then Iran does. $5 a gallon maybe if Saudi Arabia closed its trade routes, but not Iran.

Designer1 - 1/3/2012 2:32:38 PM

+2 Boost

It's very simple, the rich run the government and want to be richer, and the poor can't do shit about it!!

So, I wouldn't be surprised at all!! The gas prices will NEVER go down anymore and they'll NEVER stabilize either!! So, this said I think we need to have a revolution just like those happening in the middle east to get rid of the greedy government and the rich and have them work for the country for once and for all!!

Always remember, a rich person has no country and does not care about any, they can pack and go live in any beautiful place in this world if something turns against them somewhere.

knowitall1985 - 1/3/2012 5:16:26 PM

+1 Boost

Glad I have my CT200h......

knowitall1985 - 1/4/2012 2:19:01 PM

+1 Boost

I love it with the F sport package. Handles great has great refinement for a small car and I fill-up for 27 dollars and get over 400 miles.

USNA1999 - 1/4/2012 7:29:55 AM

+2 Boost

CT200h? I guess you are one of the few. I think I have seen only two in the entire state.

AgentOrange - 1/4/2012 6:02:56 PM

+2 Boost

That would be great.
I'm currently paying $1.35 a liter ($5.80 per Imp Gallon) for Shell V-Power - so I'm looking forward to the lower price.