Ugly Gasoline Prices Continue to Soar Upward

The shocking rise of gasoline prices continues unabated much to the shock of many, although not all, Americans. The price of oil topped $133 per barrel on Wednesday and $140 will probably be surpassed in days. The $150 threshold will be approached in June, but probably not surpassed this soon. Look for that to happen, depending on world events, later this autumn. Prices for gasoline are highest in the Great Lakes region and in the Pacific Time Zone. Prices are lowest in Arizona, Wyoming, Montana, Missouri, and South Carolina. Here in Cheyenne, WY, prices are in the low to mid $3.50 per gallon range, which is about the least expensive price nationally outside of Tucson, AZ. At this point, this writer expects prices here in Cheyenne to rise about 15 to 20 cents per gallon in the next month or so before topping out and beginning a slow small fade back towards $3.30 per gallon through the remainder of 2008. Of course, this could all change with any number of unexpected events or circumstances developing somewhere on the planet. If any of these were to eventuate, the consequences could be grievous, with the price of a gallon of gasoline soaring over $5.00 per gallon in a matter of days, stunning and devastating citizens throughout the nation. And the likelihood of $10 per gallon gasoline in the next five years or so is becoming increasingly more probable. Life as we have known will be all but over when that happens.
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http://www.gasbuddy.com/gb_gastemperaturemap.aspx?z=0&lat=37.000000&long=-96.000000&ft=A&tl=48
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http://articles.moneycentral.msn.com/SavingandDebt/SaveonaCar/WhatIfGasCost10DollarsAGallon.aspx
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