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Gas hits $3.50 a gallon after 5 pct. jump in July

The Boston Globe -- Gasoline is at $3.50 per gallon for the first time this summer after a sharp run-up in July.

The price of gas gained 17 cents per gallon, or 5.1 percent this month. It was the first monthly increase since March. The nationwide average was last at $3.50 per gallon on June 19.

AAA said Tuesday that about 4 cents of that 17-cent gain can be attributed to ethanol costs that jumped 17 percent in July on record high corn prices. Most fuel sold for passenger cars and pickups today is 10 percent ethanol and 90 percent gas.

Drivers had enjoyed a long stretch of declining prices at the pump as oil fell from more than $100 per barrel in March to below $78 by late June. The average price at the pump fell by 60 cents per gallon in about three months. But oil rose 13 percent from its June low on

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Submitted Aug 01, 2012 By: angel4me

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honda0105 Champion Author Tallahassee Posts:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: Aug 5, 2012 5:21:52 AM Ignore honda0105 Report Abuse no reason for the price jump, even at 13% jump of crude prices ($78 + 13% does not equal $140/barrel). It's all about greed.
xgojim All-Star Author Michigan Posts:524 Points:453,270 Joined:Mar 2011	Message Posted: Aug 4, 2012 6:28:18 AM Ignore xgojim Report Abuse What a deal! Wish I lived in Boston for "low" gas prices! In Michigan, 50 cents/gas more. Who gets the 50 cents/gal? Why? Don't say it has anything to do with costs. The gas cost the same to refine and transport as the gas a week ago when it wss priced less to consumers.
h2ojumper Champion Author Austin Posts:2,570 Points:709,585 Joined:Feb 2011	Message Posted: Aug 4, 2012 5:03:50 AM Ignore h2ojumper Report Abuse Ok
RapMassaG Champion Author Cincinnati Posts:2,620 Points:1,053,695 Joined:Oct 2008	Message Posted: Aug 2, 2012 7:55:18 AM Ignore RapMassaG Report Abuse Greedway jumped, as predicted. $3.899 now in Ohio. With Chicago spot (wholesale) sitting at $3.30, expect another spike over the weekend, or Monday at the lastest.
puinsai808 Champion Author Honolulu Posts:3,554 Points:729,255 Joined:May 2011	Message Posted: Aug 2, 2012 7:54:34 AM Ignore puinsai808 Report Abuse $3.50 / gal would be nice for me.
treehood Champion Author San Diego Posts:2,054 Points:398,710 Joined:May 2011	Message Posted: Aug 2, 2012 7:13:56 AM Ignore treehood Report Abuse Not sure why this story is still running. We all know what gas is and I would still like to find it for $3.50 today
kyjlh Champion Author Kentucky Posts:1,628 Points:654,455 Joined:Feb 2005	Message Posted: Aug 2, 2012 5:42:56 AM Ignore kyjlh Report Abuse ok
richnc All-Star Author North Carolina Posts:575 Points:209,480 Joined:Mar 2006	Message Posted: Aug 2, 2012 4:50:53 AM Ignore richnc Report Abuse Sad thing is - that we should have noticed in the 70's when we had the oil embargo that we have NO control over oil. Our "leaders" should have started to break the shackles of oil in the last 40 years. But oil is "cheap" and convenient - so what if it brings down our economy and government - at least we had a good time while it lasted. Wonder if the Romans felt the same way?
EVBuddy Champion Author Nevada Posts:16,695 Points:3,032,570 Joined:Sep 2004	Message Posted: Aug 2, 2012 4:17:29 AM Ignore EVBuddy Report Abuse Up maybe 3 cents here
tomok Champion Author Portland Posts:33,071 Points:2,347,460 Joined:Aug 2006	Message Posted: Aug 2, 2012 2:49:49 AM Ignore tomok Report Abuse Gas prices may be around $3.50/gallon but gas prices are up like like a rocket, down like a feather! Our local gas prices went up but have come back down to what It was about one month ago. I would like to see gas prices continue to drop but the gas price gods may not let that happen. The trend is always up with fuel prices. The price at the pump needs to go down to $2/gallon, $3 to $3.50/gallon is Not the new low! Ethanol is not wanted or needed, a drain on the US taxpayer pocket! With Barry's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the good paying jobs are Not there. Barry can spin the jobs numbers so they look much better than what they really are, he's a smooooth talker if there ever was one! So how can people pay for this high priced gas? Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost. The price of fuel at the pump is too high! 12/22/2012
J4romeo All-Star Author Gary Posts:506 Points:1,214,925 Joined:Jan 2006	Message Posted: Aug 1, 2012 9:35:17 PM Ignore J4romeo Report Abuse I agree with judgemoblie...:)
judgemobile Champion Author Ohio Posts:7,580 Points:2,447,085 Joined:Nov 2005	Message Posted: Aug 1, 2012 9:15:40 PM Ignore judgemobile Report Abuse gas was $ 1.69 at the pump (yes ONE dollar and change) when Bummer took office..., and unemployment is rising all across the nation, as we shall find out officially on Friday, Aug 3rd when they release the July stats nationally...so are you better off now than you were 4 years ago ?? If you voted for Obama in 2008 to prove you are not a racist, then you MUST vote for someone else in 2012 to prove you are not a fool.
dacofa Champion Author Nevada Posts:5,375 Points:1,150,610 Joined:Jan 2010	Message Posted: Aug 1, 2012 8:59:00 PM Ignore dacofa Report Abuse Isn't that special.
bonzoonfmb Champion Author Florida Posts:1,792 Points:646,535 Joined:Feb 2010	Message Posted: Aug 1, 2012 8:57:05 PM Ignore bonzoonfmb Report Abuse Gas prices are too high.
coke_kid Champion Author Chicago Posts:1,536 Points:324,370 Joined:Nov 2005	Message Posted: Aug 1, 2012 8:56:23 PM Ignore coke_kid Report Abuse I don't see anyone in Government even trying to do anything about inflated gas prices and Obama, well he's just excited and continues to hold moratoriums on oil in the gulf to force you to buy smaller death traps and solar money pits... Gas jumped .38 cents in 3 weeks and back to 4 bucks and people are being pressed to the wall and Obama is part of the cause...
DandyDapple All-Star Author North Dakota Posts:715 Points:312,320 Joined:Sep 2008	Message Posted: Aug 1, 2012 8:55:35 PM Ignore DandyDapple Report Abuse ...
pa79th Champion Author Pennsylvania Posts:1,792 Points:1,218,800 Joined:Jun 2007	Message Posted: Aug 1, 2012 8:53:12 PM Ignore pa79th Report Abuse Going to keep going up until just before the election when the O will release some of the National Oil reserves to drastically reduce the price, and make himself a hero.
gsayeg1 All-Star Author Milwaukee Posts:794 Points:140,870 Joined:Jun 2008	Message Posted: Aug 1, 2012 8:52:30 PM Ignore gsayeg1 Report Abuse Thats it - I'm breaking out my kids 3 wheeler
abcdMA Champion Author Worcester Posts:7,932 Points:1,576,930 Joined:Nov 2008	Message Posted: Aug 1, 2012 8:52:27 PM Ignore abcdMA Report Abuse siphning more money out of the economy
itsjustme719 All-Star Author Hamilton Posts:612 Points:599,770 Joined:Dec 2010	Message Posted: Aug 1, 2012 8:52:05 PM Ignore itsjustme719 Report Abuse Okay.
evey315 Sophomore Author Ohio Posts:219 Points:210,360 Joined:Feb 2012	Message Posted: Aug 1, 2012 8:50:57 PM Ignore evey315 Report Abuse if we need gas, we will pay what we have to, bummer when it goes up
outlaw329 Champion Author Austin Posts:7,626 Points:1,376,355 Joined:Aug 2008	Message Posted: Aug 1, 2012 8:47:47 PM Ignore outlaw329 Report Abuse The price of gas should still be below $3.00, but our government does nothing which is not a surprise seeing who is in charge.
OOXXFF Champion Author Greensboro Posts:3,073 Points:1,081,355 Joined:Sep 2009	Message Posted: Aug 1, 2012 8:43:09 PM Ignore OOXXFF Report Abuse Gas prices are too high.
knot2swift Champion Author Calgary Posts:4,393 Points:698,930 Joined:Nov 2009	Message Posted: Aug 1, 2012 8:42:08 PM Ignore knot2swift Report Abuse Well, I think when oil gets back up at $100 (What OPEC called a "Fair Price not too long ago) after the Euro Zone crisis is over that I think $4 in the US for a gallon is what the market will bear. With oil at that price plus refiners and retailers all happy $4 should be it for now. [Edited by: knot2swift at 8/1/2012 11:43:24 PM EST]
clermont40miles Champion Author Cincinnati Posts:10,583 Points:1,774,295 Joined:Apr 2008	Message Posted: Aug 1, 2012 8:34:07 PM Ignore clermont40miles Report Abuse 3.69 spike price. Headed toward 3.99 like a rocket. Having their way with us.
bvrbill Champion Author Eugene Posts:3,229 Points:520,575 Joined:Jul 2011	Message Posted: Aug 1, 2012 8:29:27 PM Ignore bvrbill Report Abuse We knew prices would not fall. Big oil needs to make a profit.
Homito All-Star Author San Antonio Posts:880 Points:174,700 Joined:Apr 2011	Message Posted: Aug 1, 2012 8:28:41 PM Ignore Homito Report Abuse I hope it goes down (if oil owners give us a brake again)
HA4CNN Champion Author Toronto Posts:5,634 Points:1,545,440 Joined:Dec 2006	Message Posted: Aug 1, 2012 8:28:40 PM Ignore HA4CNN Report Abuse Now instead of being gouged by oil prices now it is ethanol prices do to corn prices.
Homito All-Star Author San Antonio Posts:880 Points:174,700 Joined:Apr 2011	Message Posted: Aug 1, 2012 8:27:44 PM Ignore Homito Report Abuse illusion, only illusion....
Homito All-Star Author San Antonio Posts:880 Points:174,700 Joined:Apr 2011	Message Posted: Aug 1, 2012 8:27:18 PM Ignore Homito Report Abuse what did you expect? this wellness won't last forever.
blk911 Champion Author Colorado Springs Posts:2,923 Points:771,115 Joined:Nov 2004	Message Posted: Aug 1, 2012 8:26:00 PM Ignore blk911 Report Abuse $3.32 here.
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: Aug 1, 2012 8:20:40 PM Ignore frostyWV Report Abuse $3.69 here already.
44Irish Champion Author Ontario Posts:1,490 Points:521,110 Joined:Mar 2007	Message Posted: Aug 1, 2012 8:20:34 PM Ignore 44Irish Report Abuse That is $2 less then here.
mcmonsta Champion Author Honolulu Posts:3,232 Points:820,270 Joined:Sep 2009	Message Posted: Aug 1, 2012 8:20:01 PM Ignore mcmonsta Report Abuse cut ethanol out of the picture, it really proved what ?
THX138 Champion Author San Francisco Posts:2,567 Points:1,016,795 Joined:Apr 2010	Message Posted: Aug 1, 2012 8:19:48 PM Ignore THX138 Report Abuse How soon to $5 a gallon?
Tekkersmom57 Champion Author Syracuse Posts:1,884 Points:702,165 Joined:May 2010	Message Posted: Aug 1, 2012 8:17:56 PM Ignore Tekkersmom57 Report Abuse This daily gas price game we play is ridiculous. It would be nice if the government looked into the speculators bidding on our oil, for their own profit, as promised.
30mpg80 Champion Author Lexington Posts:10,054 Points:1,489,805 Joined:Nov 2008	Message Posted: Aug 1, 2012 8:17:36 PM Ignore 30mpg80 Report Abuse Commodities Commission STILL has not limited oil speculation, as ordered by Congress
suzmar Champion Author Texas Posts:2,213 Points:873,785 Joined:Jun 2006	Message Posted: Aug 1, 2012 8:16:20 PM Ignore suzmar Report Abuse Hopefully a change in administrations will solve a lot of our problems.
Blue48 Champion Author Illinois Posts:7,315 Points:1,639,895 Joined:Feb 2007	Message Posted: Aug 1, 2012 8:15:56 PM Ignore Blue48 Report Abuse BUMMER!
libertyut Champion Author Utah Posts:1,355 Points:292,600 Joined:Mar 2012	Message Posted: Aug 1, 2012 8:14:34 PM Ignore libertyut Report Abuse gas is still to high.
TheSnowstorm Champion Author Montreal Posts:8,634 Points:1,915,955 Joined:June 2005	Message Posted: Aug 1, 2012 8:13:43 PM Ignore TheSnowstorm Report Abuse Bottom line: consumers are still getting screwed at the pumps.
serrog Champion Author Nova Scotia Posts:5,574 Points:1,514,080 Joined:Oct 2008	Message Posted: Aug 1, 2012 8:13:18 PM Ignore serrog Report Abuse Expected
mstearno Champion Author Dayton Posts:8,075 Points:1,733,165 Joined:Jan 2008	Message Posted: Aug 1, 2012 8:12:09 PM Ignore mstearno Report Abuse just in time for vacation
armey Champion Author Oregon Posts:1,296 Points:310,255 Joined:Aug 2008	Message Posted: Aug 1, 2012 8:11:33 PM Ignore armey Report Abuse OK!
AnObserver Champion Author New Jersey Posts:8,364 Points:2,259,730 Joined:Sep 2005	Message Posted: Aug 1, 2012 8:11:05 PM Ignore AnObserver Report Abuse No quite there in NJ but we're thiking about it
wayoung56 Champion Author Alabama Posts:2,810 Points:820,285 Joined:Oct 2006	Message Posted: Aug 1, 2012 8:08:08 PM Ignore wayoung56 Report Abuse Hmmmmmm...
mobil1MN All-Star Author Minnesota Posts:664 Points:1,294,635 Joined:Sep 2007	Message Posted: Aug 1, 2012 8:06:45 PM Ignore mobil1MN Report Abuse ok
ricebike Champion Author New Jersey Posts:10,043 Points:1,857,670 Joined:Oct 2005	Message Posted: Aug 1, 2012 8:05:52 PM Ignore ricebike Report Abuse it should be lower
carefrey Champion Author Orlando Posts:5,540 Points:1,160,460 Joined:Sep 2009	Message Posted: Aug 1, 2012 8:03:41 PM Ignore carefrey Report Abuse Thats to bad!
themaninthehat Champion Author New Orleans Posts:1,824 Points:472,265 Joined:Feb 2011	Message Posted: Aug 1, 2012 8:01:12 PM Ignore themaninthehat Report Abuse and Fear and Loathing is back