Feed: Pumps - AggScore: 81.7

$4 By May

---

Unleaded gas averages 3.48/gal these days and is likely to be going up. We all know the refineries have to switch from the winter blend to the more expensive seasonal stuff to meet environmental standards. This tacks on a good 15 cents/gal. Crude prices have gone down to dollarsignr98/barrel, but those pesky tensions in the [...]

Spring Is Coming

---

And so apparently is dollarsignr4 gas. Fred Rozell of OPIS sees dollarsignr4-dollarsignr4.25 gas sometime between April and early May. Patrick DeHaan of gasbuddy.com predicts dollarsignr3.75 to dollarsignr4.15 by May. Look out Chicago! DeHaan predicts dollarsignr4.60-dollarsignr4.95/gal. LA: mid-to-upper dollarsignr4.00. “Bigger cities will always have higher prices due to higher gas taxes and the cost of doing [...]

Gas Prices in 2012?

---

Oh dear, things don’t look so pleasant. Gas prices in Texas are already up six cents a gallon to dollarsignr3.12. They only paid dollarsignr2.90 or so last year. Here are some forecasts for the coming year: Head of commodities research at Citigroup Global Markets Inc. says gas may rise over dollarsignr4 next summer Tom Kloza [...]

EU Reaches Agreement on New Iran Sanctions

---

Oil prices rose today on the news that European diplomats had reached a preliminary agreement to issue new economic sanctions on Iran. Progress on sanctions had been held up by the envoys from Greece, who have now dropped their objections. While debate on the specifics of the sanctions is ongoing, all countries in the EU [...]

Fresh Threats from Iran

---

After the US Navy removed an air craft carrier from the Persian Gulf, the Iranian military warned Washington not to redeploy it to the area. This news comes in the midst ongoing war games in the Strait of Hormuz, accompanied by tests of new land-to-water cruise missiles. Despite this, the US military remains unfazed. An [...]