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Monday, February 4, 2013
Gasoline prices are up sharply in what could be the start of a wild ride for motorists in 2013. Of course this is not what we want to hear, especially those of us that drive several miles daily to and from our jobs, etc......
At the end of last week, prices had jumped 14 cents overnight in some parts of the country, to an average $3.39 a gallon, and are up more than 25 cents in the past week. The $3-a-gallon prices common in the area at the start of the year have vanished, and further increases are expected.
So just as paychecks are shrinking because the Social Security withholding is going up, people also are losing some of the extra cash they had in their wallets since gas prices started dropping last fall.
Analysts still are hoping gas prices over the course of the year could be lower than the average for 2012. But recent unrest in the Middle East and other factors have pushed prices higher than a year ago and increased prospects for more volatility this year.
Experts have said prices could peak in the spring around 50 cents a gallon higher than now.
Much of the recent spike has been attributed to terrorist actions in Algeria, along with turmoil in Egypt and Israeli tension with Syria, pushing up oil prices. The U.S. economic recovery, despite stalling in the fourth quarter, also could boost demand and tighten supplies. And China’s economic picture is looking brighter again, further increasing global demand.
Refineries also are approaching their annual switch to summer fuels, including a special boutique fuel in the Kansas City area. That can tighten supplies and make the gas markets jittery — and give refineries a chance to charge more.
In fact, refinery margins — the difference between the price of crude oil and the wholesale cost of gas — also increased this month. U.S. refineries able to tap cheaper crude from Canada and North Dakota have seen those margins rise by at least 17 cents a gallon since early January. Higher oil prices are also being passed along. The U.S. is producing more oil, but what happens overseas still matters and affects what U.S. motorists pay at the pump. The recent attack on the Algerian natural-gas facility raised concerns about oil supplies in the region and that increased the price of oil used by U.S. refineries, said Tancred Lidderdale, an analyst for the federal Energy Information Administration.
Oil prices are up about $6 per barrel since Jan. 16, enough to raise gas 15 cents a gallon.
Last year, gasoline averaged $3.63 nationally. The Energy Information Administration in early January predicted that would come down to $3.44 a gallon for 2013, although that estimate could be raised if oil rises more than expected.
The Oil Price Information Service, which tracks and analyzes fuel markets, said this week it still thinks the national average price will be lower this year than last.
But that doesn’t mean smooth going for motorists. The oil price service also thinks prices will peak at $3.90 a gallon in the spring before coming back down.
Where that price settles for sure remains to be seen, but it will affect consumers. Nationwide gas prices averaged $3.85 in September and fell to $3.31 in December. That drop meant an extra $50 a month for a household with two cars. If that had persisted in 2013, it would have been enough to offset about more than one-third of the average increase in the payroll tax this year.
Brace yourselves, it does look as if we are in for even higher gas prices.
Host of Pamela's Place,
Host of Weekend Outlook,
WDNG News Talk Radio
Keywords: Gasoline prices ,motorists ,Social Security withholding ,economic recovery,Refineries,crude oil ,The Energy Information Administration,
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Wednesday, November 27, 2013 - Thanksgiving Week Programming
Friday, November 22, 2013 - Guest for Pamela's Place Friday Nov. 22nd.
Thursday, November 7, 2013 - Special Veterans Day edition of Pamela's Place Friday 11/8/13 12:00 p.m. CST
Saturday, November 2, 2013 - Capturing the Essence of this Present Season
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Monday, September 30, 2013 - Program changes beginning this week!
Thursday, September 26, 2013 - Pamela's Place guest for Friday, 9/27/13 is Jane Schwartzberg
Thursday, September 19, 2013 - Pamela's Place guest for Friday 9/20/13 is cancer survivor B. Davis Campbell
Thursday, September 5, 2013 - Pamela's Place guests for Friday 9/6/13
Wednesday, August 28, 2013 - Pamela's Place guests for Friday 8/30/13
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Thursday, August 8, 2013 - Pamela's Place Guest Friday 8/9/13, Witnessing a Miracle
Thursday, August 1, 2013 - Get Inspired, Catch this Vision, Get Informed & Let's Get Going!!!
Sunday, July 28, 2013 - Volunteering has healthy side-effects!
Thursday, July 25, 2013 - Rita Flegel, Pamela's Place guest for Friday 7/26/13
Thursday, July 18, 2013 - Pamela's Place topic and guest for Friday 7/19/13 Can a Vitamin Deficiency Cause Autism?
Thursday, July 11, 2013 - Pamela's Place guest for Friday, 7/12/13
Tuesday, July 9, 2013 - Sex Trafficking and Our National Humiliation
Tuesday, July 2, 2013 - Ahhh, The 4th of July!
Saturday, June 22, 2013 - Bullying linked to suicide factors
Wednesday, June 5, 2013 - Teen takes bullet to save three year old
Saturday, June 1, 2013 - Teen mother saved from a coerced abortion
Saturday, June 1, 2013 - Congratulations to our Birthday/Anniversary Club winner for 5/31/13
Friday, May 24, 2013 - Secrets to summer grilling
Thursday, May 23, 2013 - Pamela's Place guest and Topic for 5/24/13
Wednesday, May 22, 2013 - Dog Buried in Tornado Rubble for 2 Days is Found Alive!
Wednesday, May 22, 2013 - CDC Study Finds 58% Of Public Pools Tested Positive For E.Coli
Monday, May 20, 2013 - Birthday Club Winner for 5/17/13
Monday, May 20, 2013 - WDNG BIrthday Club WInner for 5/10/13
Thursday, May 9, 2013 - AP Journalist for Jodi Arias trial on Pamela's Place Friday 5/10/13
Tuesday, April 23, 2013 - Tips for Avoiding Contractor Fraud
Friday, April 19, 2013 - Relay For Life and Team Cindy Lou present Tails and Tiaras Pet Beauty Contest!
Friday, April 19, 2013 - Congratulations to our WDNG Birthday Club Winner for 4/19/13!
Friday, April 19, 2013 - Pamela's Place Guest for Friday 4/19/13
Thursday, April 11, 2013 - Pamela's Place guest for Friday 04/12/13
Sunday, April 7, 2013 - Tragedy hits family of Rick and Kay Warren
Sunday, March 31, 2013 - New local show, Community Talk with Eddy Reese, Charlene Fuller Gossett and Pamela Bates.
Saturday, March 30, 2013 - Make this Easter a safe, relaxing day for everybody.
Friday, March 29, 2013 - Congratulations to our Birthday/Anniversary Club Winner!
Thursday, March 28, 2013 - Guest on Pamela's Place Friday March 29th is Linda Wagner, Obesity Survivor.
Thursday, March 28, 2013 - Cleaning for a Reason, Making a difference
Thursday, March 21, 2013 - Programming Update for Friday March 22nd
Saturday, March 16, 2013 - Congratulations to our Birthday Club Winner for 3/15/13!
Saturday, March 9, 2013 - Follow WDNG on Twitter!
Friday, March 8, 2013 - Cute, but inappropriate — Chicks and bunnies don't make good Easter pets
Friday, February 22, 2013 - Another child faced with bullying. Please help me in raising awareness
Tuesday, February 12, 2013 - My husband one of first on scene of horriific Talladega accident involving Anniston woman
Wednesday, February 6, 2013 - Programs will air at regular scheduled days and times again next week.
Monday, February 4, 2013 - Spike in gasoline prices might be just the beginning
Friday, February 1, 2013 - Birthday Club Winner 2/1/13
Thursday, January 31, 2013 - Friday's Pamela's Place Show: Who “owns” the civil rights movement?
Tuesday, January 29, 2013 - Armed Robber Flees Home After Women Chant the Name 'Jesus'
Thursday, January 24, 2013 - Webcam hackers can spy on you in secret from your own computer
Monday, January 14, 2013 - Birthday Winner for 1/11/13
Wednesday, December 26, 2012 - Study finds food allergies, bullying often linked
Saturday, December 1, 2012 - Mr. Zig Ziglar will be very missed by many people
Sunday, November 11, 2012 - God Bless Each of our Veterans!
Thursday, November 1, 2012 - Blood donations down after storm, Red Cross asking for help
Wednesday, October 24, 2012 - 1 Person Fatally Shot at Megapastor Creflo Dollar’s World Changers International Church
Saturday, October 20, 2012 - Congratulations Birthday club Winner Draven Thomas!
Sunday, October 14, 2012 - Raising awareness: Amanda Todd, a beautiful life lost much too soon.
Tuesday, September 25, 2012 - Father killed his five month old baby by raping her
Tuesday, September 18, 2012 - 8 Drowning Kids Saved by Heroic Strangers
Monday, September 10, 2012 - Your gravestone has an app: Companies sell interactive link for smartphones
Sunday, September 2, 2012 - Well now, isn't this a different side to the story!
Saturday, August 25, 2012 - Behind Empire State shooting: A layoff, a gun, and a targeted ex-boss
Friday, August 24, 2012 - Bible belt nude-fest plans charging forward
Thursday, August 23, 2012 - Beware......Watch out for rising bank fees … again.
Friday, August 3, 2012 - Another retailer gets behind 'gay marriage'
Friday, July 6, 2012 - Man facing jail for hosting home bible study
Monday, July 2, 2012 - Fireworks, dry weather make potentially dangerous combination
Sunday, July 1, 2012 - Can pets take the heat? Tips for keeping your dog or cat cool
Tuesday, June 26, 2012 - Rising food prices hard to swallow
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Monday, June 18, 2012 - School nurse forced a third grader to bathe at school.
Sunday, June 17, 2012 - iWitness app claims to be 'ultimate deterrent to crime'
Thursday, June 14, 2012 - Homeowners warned about storm-chasing scammers
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Saturday, June 9, 2012 - Looking For Father’s Day Gifts? BBB Tips Can Help You Avoid Shopping Scams
Friday, June 8, 2012 - Congratulations to our WDNG Birthday Club winner, Ann Clark
Tuesday, June 5, 2012 - Restaurant restrooms put to the hot water test
Monday, June 4, 2012 - Neal Boortz announces retirement
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Saturday, April 14, 2012 - Cancer Survivor Courtney Alvis, a story that must be shared.
Thursday, April 12, 2012 - Is driving becoming "last century"?
Wednesday, April 4, 2012 - Another "choking game" fatality. Awareness is crucial!
Monday, April 2, 2012 - Congratulations Jim Robinson
Saturday, March 24, 2012 - What are our school systems coming to? Wake up parents!
Thursday, March 15, 2012 - "The choking game", make yourself and your children aware!
Friday, March 9, 2012 - Congratulations Jace Hardin
Friday, March 2, 2012 - Conratulations to 14 yr. old Alyssa Tims
Friday, February 24, 2012 - Congratulations Austin Pitts
Friday, February 17, 2012 - Congratulations to 10 yr. old Harley Kendall for being our weekly Birthday Club winner for the week of 2/17/12
Wednesday, February 15, 2012 - Choices we make today build the foundation of our character tomorrow.
Tuesday, February 14, 2012 - Don't be a Stupid Cupid: Scammers love Valentine's Day too
Monday, February 13, 2012 - The family medicine cabinet is increasingly becoming a deadly drug dealer
Sunday, February 12, 2012 - So saddened by the death of Whitney Houston
Friday, February 10, 2012 - Congratulations Teressa Gross,Our weekly Birthday Club winner!
Thursday, February 9, 2012 - We want to hear from you!
Wednesday, February 8, 2012 - Job openings jump to near 3-year high
Monday, February 6, 2012 - Children's of Alabama Donor Drive
Monday, February 6, 2012 - Tracking animal cruelty offenders
Sunday, February 5, 2012 - Alabama spay/neuter to offer discounted spay services through February.
Friday, February 3, 2012 - What is RSV? Become Aware For The Health of your Child!
Thursday, February 2, 2012 - Touching Letter From Former Backup Singer For Brittany Spears
Sunday, January 29, 2012 - Please Help Me Help A Local Rescue Group
Sunday, January 29, 2012 - Exciting Things Ahead for WDNG and Pamela's Place