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Gas prices reach record high

> How high do you think prices will go?

Staff Reports

Wednesday, May 07, 2008

Gasoline prices shot up by about a quarter Wednesday, May 7, reaching a record high of $3.79 for a gallon of regular at many Dayton area stations.

Pump prices also hit highs of $4.03 for premium and $4.38 for diesel, according to www.daytongasprices.com.

Extras

How high do you think prices will go?

Comments

By smiley300

June 4, 2008 12:09 PM | Link to this

For any of you who have continued to blame the republicans for the gas situation. Do you know that Bush wanted to drill in Alaska and use our own resources to make gas cheaper, but it was voted out by the democrats that it would indanger some of the animals there. We have enough resources here! If we went to OPEC and said go take a hike they would go out of buissness because they rely on us the most out of any country!

By smiley300

June 4, 2008 12:08 PM | Link to this

For any of you who have continued to blame the republicans for the gas situation. Do you know that Bush wanted to drill in Alaska and use our own resources to make gas cheaper, but it was voted out by the democrats that it would indanger some of the animals there. We have enough resources here! If we went to OPEC and said go take a hike they would go out of buissness because they rely on us the most out of any country!

By smiley300

June 4, 2008 12:08 PM | Link to this

For any of you who have continued to blame the republicans for the gas situation. Do you know that Bush wanted to drill in Alaska and use our own resources to make gas cheaper, but it was voted out by the democrats that it would indanger some of the animals there. We have enough resources here! If we went to OPEC and said go take a hike they would go out of buissness because they rely on us the most out of any country!

By art

May 24, 2008 7:52 AM | Link to this

I think it is time to raise the price of food for the world. and if opec can’t or will not pay the price for food then let them drink there oil. lets face it we control the food for the world it is time for the towel heads to pay up now,

By Freedom Writer

May 8, 2008 5:48 PM | Link to this

And as far as driving on our nations wonderful roads, i`ll have you know that i pay a hefty sum of money for each mile driven just to help in the rebuilding of our roadways, and thats for each and every mile. you know the terriorists dont have to attack us any longer just convince our government to look the other way while they continue to legally RAPE us. Thats how there going to win, by breaking us down, and im ashamed to say it, but it seems as though there doing a good job at it also.

By Freedom Writer

May 8, 2008 5:43 PM | Link to this

I on avg. use about 50-60 gal of diesel a day @ 4.25-4.30 per gallon not by choice but because currently without us America stops, and until there is a change we will all have to live with it. And as for raises, i havent had one in the past 15 yrs, so who is really EATING the profits now, cause i am making less now than back then but still trying to provide people with quality services in a timely manner. We as a nation need to step up and see whats really going on here.

By Freedom Writer

May 8, 2008 5:36 PM | Link to this

Well once again i see that just about everyone is effected in some way by this gas situation, `cept painfultruth who should be back on his meds again. He probably grew up watching fantasy island or something. Anyways, as i was saying, i do drive around the state, and am always seeing when the gas places raise their prices. My postings here are to inform YOU all. And being one that has been paying over 4 bucks for fuel for quite awhile, i know just how much it is going to effect us all.

By US SSW

May 8, 2008 1:52 PM | Link to this

Looking at current treds it seems gass prices have hit their higest mark. I do not believe they will go up anymore in the near future. I have looked at trads and during elections the prices will go down to just abouve 2.50 per gallon. You watch and see!

By US SSW

May 8, 2008 1:52 PM | Link to this

Looking at current treds it seems gass prices have hit their higest mark. I do not believe they will go up anymore in the near future. I have looked at trads and during elections the prices will go down to just abouve 2.50 per gallon. You watch and see!

By US SSW

May 8, 2008 1:52 PM | Link to this

Looking at current treds it seems gass prices have hit their higest mark. I do not believe they will go up anymore in the near future. I have looked at trads and during elections the prices will go down to just abouve 2.50 per gallon. You watch and see!

By crazyprices for all

May 8, 2008 1:34 PM | Link to this

gas will affect everyone including mr upscale painful truth if they go about 5 dollars a gallon. I don’t care how rich you say you are 5 dollars a gallon will impact even the most well thought out budgets!

By painfultruthisajoke

May 8, 2008 1:23 PM | Link to this

painfultruth must not be employed becuase all he or she ever does is complain on all of these comment boards, what a whiny little baby!

By Justice For All

May 8, 2008 1:20 PM | Link to this

Something else everyone should keep in mind. Plan your trips. If you go to Wal Mart on Monday, Kroger on Tuesday, the pharmacy on Wednesday and to an appointment on Thursday - how about going to the one that’s on your way home from work, after work… Then go to your appointment, go to Kroger/WalMart & use their pharmacy while you get groceries. Plan a “round trip” instead of spokes with your home as the hub. I am only spending a few dollars more a month since I started this.

By Phil Man

May 8, 2008 1:17 PM | Link to this

I think prices will go higher than they are now.

By Les

May 8, 2008 1:12 PM | Link to this

I find it interesting that while I can “afford” gasoline, my pay raise last October was 3% while gas has gone up 75%. I don’t make that much. I live 6 1/2 miles from work and used to go home for lunch because it was cheaper than fast food, now it’s more expensive to go home. I drive a car that averages 30 MPG and it’s still not enough to wait 10 days between fill ups. I can’t “afford” clothes and food for my kids if I buy gas.

By huh?

May 8, 2008 12:20 PM | Link to this

I find it funny the government can focus its resources worrying whether or not Roger Clemens did steroids. And it took steps to ensure XM radio and Sirius couldn’t merge. They could care less that the average American can barely afford to pay their gas/heating/food bills because they claim they can’t do anything about it. Why don’t we turn the tables back on these oil exporting countries with the things we export to them? Why don’t we increas our prices they pay for our goods?

By karon

May 8, 2008 11:58 AM | Link to this

Painfultruth, The cities who have put in place streetcars and mass transit systems are booming! This is a known fact!

By Boogie

May 8, 2008 11:53 AM | Link to this

Josh wrote:

The Big Three must be broken up.

Bingo, Josh. It’s a monopoly. Unfortunately, a republican administration is never going to break-up a monopoly (you know… pro big biz and all that).

By Boogie

May 8, 2008 11:41 AM | Link to this

Don’t care. I work out of the house and ride my Mt. Bike everywhere I go. My car hasn’t moved in the past 7 days. Serenity.

By bob.w

May 8, 2008 11:21 AM | Link to this

We would not be in this position if we would had developed our own oil drilling in the Gulf and Alaska in the 70’s and 80’s. But instead, we are held captive by OPEC. You lose all control if you have to rely on others. But on a side note, painfultruth, not everyone is as smart and rich as you. But it sure sounds like not everyone is as pompous and arrogant as you either!!!

By Just another Punk--->painfultruth@att.net

May 8, 2008 11:12 AM | Link to this

Sorry, you must live in Riverside. Graduated from Stebbens in 1975. You are a joke! Do you ever back-up your spuuuuuu?

By Hope

May 8, 2008 11:06 AM | Link to this

I knew that the gas prices would go as high as they are. I don’t think it’s up to us anymore on changing our habits of commuting. With prices on everything going up, how are we supposed to live? It’s time that the government steps in and starts looking elsewhere for oil instead of depending on overseas to do it for us. If we had different ways of getting around other than cars, don’t you think we would???

By Sara

May 8, 2008 11:00 AM | Link to this

I am convinced that we will see gas go past $4.00 a gallon this summer. Its time to take action and change our consuming habits. Car pool to work, ride a bike, walk. Show the oil companies that we don’t need them to survive.

By painfultruth

May 8, 2008 10:44 AM | Link to this

Josh and Joe: Think what you want. There is a big difference between total profit dollars and profit margin. And, there is a huge demand for oil from emerging contries like China, India and Pakistan. Greater global demand creates higher prices. You can believe that trees waving their branches is what creates wind, but that doesn’t make it so. To others, I don’t live in Centerville. I live in a more upscale community. AND, I don’t really care what gas costs. It has no impact on me.

By Joe

May 8, 2008 10:09 AM | Link to this

I think its interesting how automobiles get all the grief on this issue. The automobile is not the poluting issue or the vehicle that uses the most gas/oil. Think about all the freight liners in the ocean that transport are goods from overseas. No regulations on polution or economy. You want to create jobs fast, bring back the rail roads. We can eliminate probalby half the trucks on the road…which will save our roads from being repaired as often and its cheaper to transport.

By Josh

May 8, 2008 10:04 AM | Link to this

Painfultruth,

You must remember energy does not follow the standard supply demand curve. The energy market is not an open market because of the difficulty for competition to gain entry. If it is not an open market, then supply and demand does not play a huge part in price to consumer. The prices for gas these days are coming from world issues and bullish nature of the futures market. Demand for gas is lower than last yr and supply is higher, yet prices are higher.

By Josh

May 8, 2008 9:59 AM | Link to this

Painfultruth,

The question I’ve always asked towards Big Oil is why the ratio of increase in cost per crude barrell to what is charged to the consumer (whether that be a refinery or gas station or customer) is lower in cost to Big Oil than it is to everyone underneath? The consumer is eating the cost which is why profit growth increases year to year and why their revenue growth is off the charts. I can BLAME them for cost to customer business model.

The Big Three must be broken up.

By Russ

May 8, 2008 9:22 AM | Link to this

Maybe one solution would be buying a Toyota Prius. The improved 2009 model is reported to achieve 93 MPG, and an aftermarket lithium-polymer battery pack for the 2008 model is reporting even higher MPG’s. I have owned American cars all my life, but since the market drives everything, and living on a fixed income, I will probably take the plunge. With what I get for gas mileage now, my costs for gas would drop from $4 a gallon to $1.

By jake

May 8, 2008 9:18 AM | Link to this

painfultruth should get a life. If you really were so educated, you wouldn’t be so immature and closed minded towards others. Pompous people who think they know the answer and wont listen to others ideas on the solving the problem are just as bad as those who create the problem in the first place.

By Tony Smith

May 8, 2008 8:36 AM | Link to this

1994, 14 years ago was the FIRST time the Democrats in the Senate voted against allowing the oil companies to extract oil from the frozen artic tundra of ANWR. It is the Democrats and the extreme, radical environmentalists who continually hamper the oil campanies from extracting oil and producing more gasoline. Yet I see remarks about how evil the oil companies are and how Bush and Cheney and their buddies are getting rich off of the high oil and gas prices.

By michael williams

May 8, 2008 8:35 AM | Link to this

I believe that we will see 4.00 by Memorial Day. I must admit that if people were REALLY serious about doing something about the high prices they would first of all park their cars and actually go inside a fast food restaurant to get their food, instead of idling their cars and gas guzzling suv’s, give up one day of driving, learn to walk, this might acutally get their fat butts in shape. The best way to protest is to not participate in purchasing that good or service. Some people never learn.

By painfultruth

May 8, 2008 8:28 AM | Link to this

Karon, go to this link and see how expensive the Portland streetcar line is to operate. It’s nothing more than a 4 mile long federally funded (YOUR HARD EARNED TAX DOLLARS) money sucking gimmick. http://www.portlandstreetcar.org/pdf/capitalandoperationssummary20080213.pdf

By WRONG! YOU DUMMY!

May 8, 2008 8:28 AM | Link to this

You are wrong! You come on here and say “your the man” with all your posting and CENTERVILLE attitude what a joke! The reason why gas prices are so high is because investors are putting all their bets/money in commodities, not stocks, not the housing market, and not the USA (weak dollar)! You need an education punk! Get a clue!

By Lou Willhelm

May 8, 2008 8:27 AM | Link to this

If everyone was burning vegetable oil, guess what. There would be a shortage of vegetable oil and the price would rise. That’s called the market. Developing countries are using more oil and guess what, there is a global shortage. It is supply and demand, and who controls the supply, our friends the arabs who refuse to increase the supply. Meanwhile, we sit on a supply of oil in our own backyard which we cannot access because of environmental restrictions.

By Chuck

May 8, 2008 8:24 AM | Link to this

As high as the market will take it, and greedy people hold the supply. Our leaders do nothing about extreme pricing on any product.

By painfultruth

May 8, 2008 8:23 AM | Link to this

Does anyone realize how the streetcar companies conspired against manufacturers of buggys to put them out of business? How DARE they? Also, my grandfathers brothers cousins sisters uncle developed a car that would get 1000 miles per gallon, but he was kidnapped by the big oil companies and sent to Siberia. They made successful electric cars in the 1920’s, but the big oil companies bought them and shut them down. Power to the people!

By painfultruth

May 8, 2008 8:13 AM | Link to this

If all of you crybabies were out in the world leading productive and successful lives, you wouldn’t be concerned about trivial things like gas prices. Since few of you understand global economics, it’s no wonder you lash out at the “big oil” companies. The price of crude is high because the demand is high and there is a limited supply. The oil companies make about 8 cents a gallon on gasoline. Go back to school, and pay attention this time!

By Dan

May 8, 2008 7:20 AM | Link to this

Gasoline prices will peak at $5.50 a gallon. Due to the demand for oil overseas by developing countries, a barrel of oil will go for $180.00. At this point we as consumers will reduce our consumption of oil and will drive the price back down. We as a government saw this comiong back in the 70’s during the so-called gas shortage. Unfortunately Uncle Sam pays attention to big business and the vested interest they have in oil and you the citizen/consumer are at the mercy of their decisions.

By daniel

May 8, 2008 7:00 AM | Link to this

i say 4.00 a gal. also i wish the post office would not deliver on saturday and just think of all the money from fuel that would be saved just for the one day!! instead of raising the stamps!!!

By Freedom Writer

May 8, 2008 5:08 AM | Link to this

It may not be well known, but have you wondered how it is that Speedway gas stations are always the FIRST to raise the prices in the area. Well its because they are owned by Ashland oil which also owns the place just outside of Lebanon Ohio where all the fuel trucks go to get their fuel. Thats why the prices all go up to the same amount, no matter where you go. Remember its SPEEDWAY that does this to you each week. Just imagine US who has to pay well over 4 bucks for Diesel fuel. It really hurts

By Abraham

May 8, 2008 4:23 AM | Link to this

As long as the people in power get a cut the sky is the limit. I have no doubts that the price at the pump, at cheap stations, will be $10.00 a gallon by Christmas 2008. Remember, you saw it here first.

By C

May 7, 2008 10:11 PM | Link to this

Energy companies make 8 cents a gallon. They find it, pump it, transport it, refine it and deliver it. The gov’t makes about 60-80 cents a gallon in taxes. It is true that Alaska and the Gulf couldn’t help us for 10 years or more, and the environmentalists and liberals are to blame for that. Every attempt to use our own resources, build new refineries or build new nuclear power plants has been stopped by the Democrats. They almost have us where they want us now…totally dependent to survive.

By Lesley

May 7, 2008 10:09 PM | Link to this

For all of you that make the comments regarding we are getting off lucky compared to other countries..Yes, prices are double what the are here in the U.S. however the have the luxry of 24 hour trains and buses at their fingertips within a hop skip and a jump from anywhere they are at. Why would you want to drive and pay the gas when you can go anywhere and everywhere for a small chunk of change. So yes, we are still going to complain.

By karon

May 7, 2008 9:40 PM | Link to this

MO, Portland Oregon in the 1990s blew up a six lane highway for streetcars and passenger rail. This actually helped bring back the city of Portland and now people take vacations to visit Portland. Also, this stopped the urban sprawling around Portland. Buses do not spur ecomonic growth the way trains and streetcars do. I remember back when the People of Portland were against blowing up a six lane highway for these trains. Portland city council took leadership and did it anyways!

By mo

May 7, 2008 8:39 PM | Link to this

I can easily predict like the next person would, gas will reach $4 by memorial day. A gas strike for one day won’t make gas prices go down, a fedral tax strike hurts construction workers, and if the RTA is losing more and more passengers, and Greyhound is not running 24 hours out of Dayton anymore, what makes you think a rail system is going to work here??? Anyway…like I was saying, $4 by memorial day, then whatever is the excuse by September, $5 locally, then by late 2009, $2.00

By MCarson

May 7, 2008 8:14 PM | Link to this

Well due to the gas prices I have had to actually quit my job. I can’t afford to drive to clayton any more from waynesville. I think this is just very sad that things have gotten this far out of hand. I am hoping that I can find another job closer to home. But I doubt I’ll make the same pay starting over after 32 yrs…

By tKidding

May 7, 2008 7:17 PM | Link to this

and the oil companies if there is a difference have done everything they can to stop this technology from getting in your hands. Why should we ruin even more of our shrinking wildlife when we can get away from that nasty pollutant CRUDE oil when their are lots more clean efficient energy out there. They are just taking as much as they can from us because they can.

By TKidding

May 7, 2008 7:07 PM | Link to this

The painful truth is that we are being takin advantage of. They make more profit off of oil than any other product on the market today. The technology is out there to rid us of the gasoline engine but these oil companies have a strangle hold on us and our goverment just look at Bush and the companies his family owns. The discovery channel had a documentary on a guy who invented a generator that would power any big rig on the road today off of a couple of 9 volt batteries but the goverment Cont.

By PJ

May 7, 2008 6:17 PM | Link to this

When it comes to gas, I have mixed feelings. I am all for people making as much money as they can. Good for them in my opinion! On the other hand, gas, I believe, needs to be treated as a utility. You have to have gas. There is no real competition for it, since all gas stations stay within a penny or so of each other. This is the one and only time in my opionion the government should step in and mandate the profit potential on this industry.

By LA

May 7, 2008 6:11 PM | Link to this

I wonder why electric cars are not feasible. We certainly could build more nuclear or coal powered plants to fuel them. I know there are no quick fixes but it seems to me this would be one place to start.

By Ben

May 7, 2008 6:04 PM | Link to this

While I don’t like the price of gas we still have it cheap compared to most of the world, save for a few countries. How high will it go? Nobody knows. I foresee $5 a gallon by the end of the year, if not before mid-summer. Sure the oil companies are making record profits but they aren’t the ones driving up the price of crude. Thank China, India and other emerging nations for driving up demand and hence the price. But don’t blame them. They also have a right to have oil.

By karon

May 7, 2008 6:01 PM | Link to this

Ohio has 7 major cities in the United States , that is more than any other state in the union. Ohio use to have a wonderful mass transit system of trains and streetcars in the Ohio cities. Also there was a commuter train that ran from Kettering to the city of Dayton. General motors and Ford car corporations decided to pay to have the rails taken up for the car and highway. Now with peak oil and 21st century here we can no longer just have cars and highways!

By Lynne

May 7, 2008 5:49 PM | Link to this

Thank God I did not get sucked into buying an SUV back when everyone else did just because you sit up high and can see better, and the SUV is not any safer than most mid size cars.

By painfultruth

May 7, 2008 5:46 PM | Link to this

Karon is oblivious to the fact that we have airplanes. They were invented right here in Dayton! There is NO mass transit system in the USA that operates at a profit. These are all government subsidized programs, and if you research this with the Urban Mass Transit Authority, you will find the harsh truth about rail systems. They prosper in high density areas like the east cost, and flounder everywhere else. I hope gas hits 10 bucks a gallon so my Shell Oil stock goes up!

By Jim

May 7, 2008 5:45 PM | Link to this

Yes, it will take a while to get oil from ANWR, but we’ve been ignoring it for a couple of decades. We’d have it by now if we had accessed it ten years ago - this discussion has been going on for a long time. There’s also plenty of oil in the Gulf of Mexico, if we were allowed to access that, as well. As soon as America takes the bull by the horns and moves away from the OPEC cartel, oil will start to come down. We’ve done this to ourselves.

By MARK

May 7, 2008 5:44 PM | Link to this

BUSH/CHENEY AND THERE OIL BUDDIES ARE LIKE JUNKIES THEY DONT CARE WHO THEY HURT AS LONG AS THEY GET MORE. THE ONLY SOLUTION IS FOR THE PEOPLE TO UNITE IN MASS IF WE DONT THEY WILL CAUSE A DEPRESSION.THE GOVERMENT IS THE PROBLEM THEY ALL HAVE STOCK IN OIL.

By G

May 7, 2008 5:43 PM | Link to this

It will be $5 by July, no doubt! My VW beetle is only supposed to have premium. I cannot afford $4.03 a gallon! This is getting ridiculous! It’s already almost $4 so I can see it being $5 by July… We’re screwed! The government needs to give people gas stamps like they do food stamps now!

By Kurt

May 7, 2008 5:42 PM | Link to this

I believe the price of oil would fall, If the US Dollar gets stronger against other currencies. there many other factors, we need more refineries to keep up with comsumption, get rid of this craziness of speculators, continue exploration here at home, use alternative fuels to a certian degree, build more fuel efficient vehicles, peace and stability in all regions of the world.

By karon

May 7, 2008 5:33 PM | Link to this

It is time for Trains! High speed trains , passenger trains that will connect the suburbs to the cities , and streetcars for the city. United States has third world transportation, we cannot compete in a global market with just cars and highways anymore.

By painfultruth

May 7, 2008 5:26 PM | Link to this

It ISN’T the “BIG OIL COMPANIES” you bunch of DUMMIES! Crude oil is a commodity traded globally. Higher demand from emerging countries like China, India and Pakistan is causing crude to rise. “Speculators” don’t create the price of crude oil. OPEC is a cartel, and they limit the supply of crude to force up prices. Geez, didn’t any of you people pay attention in school, or do you just need to find something or someone you hate more than yourselves?

By Bill

May 7, 2008 5:22 PM | Link to this

Drilling in the Alaskan ANWR is not a quick, easy fix to this big problem. Do some research and you’ll find that if we decided to drill there now, it would still be TEN YEARS until you saw a drop of that new oil actually hit the market. Do some more research and you’ll find that right now, the reason for high gas prices is not due to insufficient supply or insufficient refining capacity (which is actually being cut back right now!) The primary reason is market speculators. Look it up.

By Steve

May 7, 2008 5:21 PM | Link to this

Isn’t this just capitalism at its finest? Whether its OPEC or the oil companies or the gas stations causing these high prices, the people are paying it. Eventually, we’ll see a strong shift to alternative fuels and more economic vehicles once the auto makers figure out its profitable.

By hij

May 7, 2008 5:17 PM | Link to this

Pick any day of the week (14.3% reduction in consumption) and don’t start any car. Search you mutual funds and transfer any stock investments in oil companies to a corporation investing in your children’s future.

By Michael in Centerville

May 7, 2008 5:14 PM | Link to this

The rich stay rich the poor end up stealing gasoline or robbing minimarts. Its insaine that we have to pay this much for gasoline. Yeah i agree, let the damn caribou walk around the oil well… hell put one in my backyard if it helps, altho i would rather see a Caribou there, if it drops gas back to below 3 bux a gallon the Caribou will figure it out.

By Mike

May 7, 2008 5:10 PM | Link to this

I think the sky’s the limit. Would not surprise me to see 5 dollars a gallon by next year at this time.Of course we could drill for oil on our own turf but we wouldn’t want to upset the seals.

By Mike

May 7, 2008 5:09 PM | Link to this

I think the sky’s the limit. Would not surprise me to see 5 dollars a gallon by next year at this time.Of course we could drill for oil on our own turf but we wouldn’t want to upset the seals.

By william

May 7, 2008 5:02 PM | Link to this

Here’s one solution: buy a diesel car or truck and convert it into a waste vegetable oil diesel. Google it and you’ll find plenty of people who have done it.

By Tim

May 7, 2008 4:51 PM | Link to this

As much as we all love the north-Alaskan caribou, I wouldn’t mind making them walk around some oil rigs so that we can tap into our own resources.

Its remarkable how a very loud minority can stop so much progress!

By hugh

May 7, 2008 4:51 PM | Link to this

If we could figure out a way to lubricate and power our engines with the blood of the poor, we could really get somewhere. I hope they’re working on that somewhere. Maybe at OSU.

By Robert Pennington

May 7, 2008 4:45 PM | Link to this

The prices will continue to climb as long as the oil companies are allowed. If someone says it could go to $5.00 it will. The government needs to step in and do something about the pricing - decrease the federal tax, make the oil companies roll back prices based on profits, etc. Unfortunately, too many government power wielders are under the oil companies thumb and won’t do anything. I tried writing to my congressman. He made it quite clear that he was on the oil companies side.

By Steve

May 7, 2008 4:42 PM | Link to this

As high as we allow these “speculators” and Wall Street to raise the price for a barrell of oil. Let there be a supply disruption or a busy hurricane season in the Gulf this year…$5 will be cheap if that happens this summer. Something will have to give…everything is going up. Either the economy will crash or the prices on oil will. Hopefully it will be the latter.

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