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The gas price disaster that didn’t materialize

Politico -- Remember the $6 we were all supposed to be paying for a gallon of gasoline about now?

It didn’t happen, despite the dramatic predictions from armchair pundits, political candidates and some in the media.

Instead, gasoline has settled around $3.40 a gallon as of Monday — rising for the moment, although perhaps nearing what some fuel-price experts consider a plateau of sorts. But credible analysts concede that too many variables are at play for any certainty.

“The real truth is no one really knows. There’s so many unknowables,” said Guy Caruso, former head of the U.S. Energy Information Administration under President George W. Bush.

Among the complex ingredients are possible future conflicts in the Middle East or a global economic crisis, as well as the strength of the U.S. dollar and

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Submitted Jul 17, 2012 By: angel4me

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crashintuc34 Champion Author Tucson Posts:4,047 Points:811,665 Joined:May 2010	Message Posted: Jul 17, 2012 8:25:02 PM Ignore crashintuc34 Report Abuse STILL too high.
eomc17 Champion Author Tucson Posts:1,822 Points:134,145 Joined:Mar 2007	Message Posted: Jul 17, 2012 8:22:38 PM Ignore eomc17 Report Abuse Gas prices have been a disaster the past nine years.
jodybull All-Star Author El Paso Posts:767 Points:140,880 Joined:May 2012	Message Posted: Jul 17, 2012 8:21:30 PM Ignore jodybull Report Abuse Duh! Yes, I said it!
Dsin44 Champion Author Abbotsford Posts:1,272 Points:272,660 Joined:Apr 2011	Message Posted: Jul 17, 2012 8:14:25 PM Ignore Dsin44 Report Abuse hate buying gas now....
fire@53 Champion Author Philadelphia Posts:11,828 Points:2,769,075 Joined:May 2003	Message Posted: Jul 17, 2012 8:14:06 PM Ignore fire@53 Report Abuse Try and find $3.40 gas in my area. Oil is the new currency and the price has nothing to do with supply and demand.
EXTREMESNOW Champion Author Medford Posts:8,910 Points:1,821,540 Joined:Jul 2006	Message Posted: Jul 17, 2012 8:12:52 PM Ignore EXTREMESNOW Report Abuse Well, we did go up 13 cents this morning.
OCTAPA Veteran Author Toronto Posts:493 Points:481,915 Joined:May 2011	Message Posted: Jul 17, 2012 8:11:45 PM Ignore OCTAPA Report Abuse They need more $$$ - they manipulate...
jwduke1 Champion Author Iowa Posts:15,604 Points:3,068,265 Joined:Apr 2004	Message Posted: Jul 17, 2012 8:07:19 PM Ignore jwduke1 Report Abuse If the wrong person gets into the White House in November, watch out!
kcboy Champion Author Utah Posts:3,968 Points:1,507,800 Joined:Jun 2005	Message Posted: Jul 17, 2012 8:05:08 PM Ignore kcboy Report Abuse Good knock on wood.
karlet Veteran Author Pittsburgh Posts:258 Points:84,490 Joined:Sep 2009	Message Posted: Jul 17, 2012 8:04:25 PM Ignore karlet Report Abuse Do you really think Romney will do any better?
ezone Champion Author Florida Posts:2,419 Points:947,070 Joined:Oct 2008	Message Posted: Jul 17, 2012 7:59:47 PM Ignore ezone Report Abuse Has anyone heard the fat lady sing? - my apologies to those of us who are less than sveldt. My point being, this opera "ain't" over yet. I certainly expected to see a heroic effort to get prices trending down before the elections. If Obozo is re-elected (Heaven forbid) I think we will see prices north of $5, but if sanity returns to Americans, perhaps that can be avoided. NObama 2012.
mlmeng Champion Author Michigan Posts:1,630 Points:590,835 Joined:Mar 2011	Message Posted: Jul 17, 2012 7:59:38 PM Ignore mlmeng Report Abuse Give it time. Gas prices will go back up.
mabrams184 Champion Author Lexington Posts:2,104 Points:534,015 Joined:Aug 2011	Message Posted: Jul 17, 2012 7:57:06 PM Ignore mabrams184 Report Abuse They are still trying to get it that high.
amteb All-Star Author Toledo Posts:513 Points:102,865 Joined:Apr 2012	Message Posted: Jul 17, 2012 7:55:36 PM Ignore amteb Report Abuse can't believe much of anything either way
MedicKirk1 Champion Author New Hampshire Posts:1,347 Points:807,665 Joined:May 2008	Message Posted: Jul 17, 2012 7:54:47 PM Ignore MedicKirk1 Report Abuse The same variables we see each and everytime gas prices fluctuate.
kosciak Champion Author Hartford Posts:1,106 Points:534,275 Joined:Aug 2011	Message Posted: Jul 17, 2012 7:51:17 PM Ignore kosciak Report Abuse Ok
1MustangSally Rookie Author Salt Lake City Posts:39 Points:2,205 Joined:Jul 2012	Message Posted: Jul 17, 2012 7:49:56 PM Ignore 1MustangSally Report Abuse Thanks for this article.
bojiway1 Champion Author Minnesota Posts:2,044 Points:478,060 Joined:Dec 2011	Message Posted: Jul 17, 2012 7:48:10 PM Ignore bojiway1 Report Abuse still a high price for gas at 3.40
ObieDog Champion Author Maryland Posts:1,966 Points:851,145 Joined:Sep 2010	Message Posted: Jul 17, 2012 7:46:15 PM Ignore ObieDog Report Abuse Knock on wood.
peapaw Champion Author Ohio Posts:4,041 Points:688,770 Joined:Jun 2011	Message Posted: Jul 17, 2012 7:44:58 PM Ignore peapaw Report Abuse Don't hold your breath waiting for prices to stay the same or go lower.
me2002 All-Star Author Toledo Posts:763 Points:319,205 Joined:Dec 2011	Message Posted: Jul 17, 2012 7:44:36 PM Ignore me2002 Report Abuse Its climbing now.
DozenSpeed Champion Author St. Louis Posts:1,293 Points:391,550 Joined:Sep 2011	Message Posted: Jul 17, 2012 7:43:41 PM Ignore DozenSpeed Report Abuse No no wait! It could still go up, have faith!
retired23 Sophomore Author Oakland Posts:237 Points:150,405 Joined:Mar 2012	Message Posted: Jul 17, 2012 7:38:51 PM Ignore retired23 Report Abuse Don't forget; the pundits behind these presumptions have back-door connections with the Wall Street speculators who do have an effect on prices with their market manipulation. They all had it wrong this time.
ssect8 Champion Author Hartford Posts:7,994 Points:2,094,270 Joined:Jun 2006	Message Posted: Jul 17, 2012 7:38:46 PM Ignore ssect8 Report Abuse Give it time, gas prices keep going up around here.
pliskin Champion Author Syracuse Posts:6,082 Points:1,731,920 Joined:Apr 2005	Message Posted: Jul 17, 2012 7:37:42 PM Ignore pliskin Report Abuse I don't think it's over yet!
sprocketsplines Champion Author Washington Posts:1,682 Points:860,640 Joined:Oct 2010	Message Posted: Jul 17, 2012 7:36:17 PM Ignore sprocketsplines Report Abuse The only certainty is that the gas prices tend to be regional.
gasper Champion Author Edmonton Posts:4,488 Points:1,368,495 Joined:Mar 2002	Message Posted: Jul 17, 2012 7:34:58 PM Ignore gasper Report Abuse The high price of $6 a gallon would have killed any hope of recovery here in North America.
vroomputtputt Veteran Author Oregon Posts:275 Points:62,785 Joined:Mar 2012	Message Posted: Jul 17, 2012 7:34:00 PM Ignore vroomputtputt Report Abuse under President George W. Bush is all you needed to say
Settjec Champion Author Little Rock Posts:1,979 Points:687,745 Joined:May 2010	Message Posted: Jul 17, 2012 7:31:29 PM Ignore Settjec Report Abuse Watch the price go down more until November.
SavALot Champion Author Virginia Beach Posts:8,469 Points:1,711,610 Joined:Apr 2005	Message Posted: Jul 17, 2012 7:29:27 PM Ignore SavALot Report Abuse Eliminating the problem before it blows up in someone's face
032946 Champion Author Twin Cities Posts:19,860 Points:4,044,045 Joined:Oct 2001	Message Posted: Jul 17, 2012 7:26:50 PM Ignore 032946 Report Abuse Remember the less than $3 a gallon we were supposed to be paying at the pump? The veriables at play are the speculators, the media, the analysts and the so called experts that help keep the price of a barrel of oil and the price at the pump inflated.
TedNC All-Star Author North Carolina Posts:995 Points:226,950 Joined:May 2011	Message Posted: Jul 17, 2012 7:22:05 PM Ignore TedNC Report Abuse Who is this idiot reporter? He's actually complaining that gas didn't go to $6! Must be a marxist communist a-hole!
FOURXFOUR Champion Author Boston Posts:2,461 Points:1,246,230 Joined:Aug 2005	Message Posted: Jul 17, 2012 7:20:08 PM Ignore FOURXFOUR Report Abuse oh yeah, just wait til the swiftboating is finished and you lily-liver liberals will have exactly what you wanted since voting for the community organizer in chief. GAS PRICES SO HIGH THEY CAN'T AFFORD TO DRIVE TO THE MOVIES, THANKFULLY EVEN AFLACK AND DAMON WILL BE ABLE TO GET FOOD STAMPS!!! [Edited by: FOURXFOUR at 7/17/2012 7:21:14 PM EST]
jdc17327 Champion Author Pennsylvania Posts:2,555 Points:197,690 Joined:May 2009	Message Posted: Jul 17, 2012 7:19:21 PM Ignore jdc17327 Report Abuse yeah...but it could still...happen...look out.
amearly Champion Author Michigan Posts:12,119 Points:2,467,610 Joined:Jan 2006	Message Posted: Jul 17, 2012 7:17:38 PM Ignore amearly Report Abuse Still manipulating the market and nothing beeing done about it.
95Vette Champion Author Missouri Posts:2,525 Points:632,655 Joined:Sep 2005	Message Posted: Jul 17, 2012 7:16:21 PM Ignore 95Vette Report Abuse All speculaters, pontificating to hear themselves talk.
CorvairHaven Champion Author Cleveland Posts:4,354 Points:1,453,940 Joined:Sep 2008	Message Posted: Jul 17, 2012 7:14:09 PM Ignore CorvairHaven Report Abuse They make excuses, but it's all propaganda.
hatterasjack Champion Author South Carolina Posts:1,296 Points:725,350 Joined:Sep 2007	Message Posted: Jul 17, 2012 7:12:33 PM Ignore hatterasjack Report Abuse Well the Keystone XL pipeline still needs to be built. And the Pickens Plan needs to be implemented.
bowser12304 Champion Author Pennsylvania Posts:1,929 Points:1,042,335 Joined:Dec 2008	Message Posted: Jul 17, 2012 7:09:43 PM Ignore bowser12304 Report Abuse IT IS STILL WAY OVERPRICED
dsw56 Champion Author Kentucky Posts:1,374 Points:563,640 Joined:Dec 2010	Message Posted: Jul 17, 2012 7:09:18 PM Ignore dsw56 Report Abuse Glad it didn't make it to $6.
rmodeler Rookie Author South Bend Posts:1 Points:233,445 Joined:Jun 2011	Message Posted: Jul 17, 2012 7:09:04 PM Ignore rmodeler Report Abuse Gas went to $3.55 yesterday in Goshen, this PM some have dropped back down to $3.39,
g747 Champion Author Mobile Posts:4,541 Points:933,670 Joined:Jul 2009	Message Posted: Jul 17, 2012 7:08:40 PM Ignore g747 Report Abuse We don't need or can afford those kind of prices!!!!!!!!.
LostToo Champion Author Illinois Posts:4,392 Points:975,315 Joined:May 2009	Message Posted: Jul 17, 2012 7:07:38 PM Ignore LostToo Report Abuse What a crock! The "Unknowables" Are how much do they think they can get away with bleeding us dry and still stay out of jail. Six dollars a gallon would be pushing it a bit. But if they thought they could get away with it we would be paying $6, You can bet on it.
200porter Champion Author Toronto Posts:2,065 Points:542,135 Joined:Sep 2011	Message Posted: Jul 17, 2012 7:07:18 PM Ignore 200porter Report Abuse It's still too high.
menagerie1013 Champion Author San Diego Posts:2,365 Points:689,990 Joined:Apr 2011	Message Posted: Jul 17, 2012 7:04:41 PM Ignore menagerie1013 Report Abuse When they forecast prices, they are guessing.
bowler360 Champion Author Illinois Posts:1,975 Points:499,775 Joined:Jun 2011	Message Posted: Jul 17, 2012 7:02:19 PM Ignore bowler360 Report Abuse cool.
mdskier Champion Author Maryland Posts:9,936 Points:1,782,780 Joined:Aug 2005	Message Posted: Jul 17, 2012 7:00:06 PM Ignore mdskier Report Abuse armchair pundits, political candidates and the media are all wrong on energy prices more than they are right.
BigBob12345 Champion Author Gasbuddy Posts:1,521 Points:304,730 Joined:Aug 2011	Message Posted: Jul 17, 2012 6:58:48 PM Ignore BigBob12345 Report Abuse Experts, eh????????????????????
99dakota Champion Author Providence Posts:8,112 Points:2,173,000 Joined:Oct 2006	Message Posted: Jul 17, 2012 6:49:40 PM Ignore 99dakota Report Abuse Shows how much the experts know..
Cuzilla Champion Author Indianapolis Posts:12,193 Points:2,349,320 Joined:Sep 2005	Message Posted: Jul 17, 2012 6:48:30 PM Ignore Cuzilla Report Abuse The recession slowed down the inevitable. Just hang in there kids, the price will eventually get there!
Bleeder Champion Author Virginia Posts:8,038 Points:1,699,625 Joined:Jan 2008	Message Posted: Jul 17, 2012 6:43:44 PM Ignore Bleeder Report Abuse I think you could possibly say "it hasn't materialized yet."