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January pump prices hit all-time high

WJXT Jacksonville? - -- rivers paid more for a gallon of gas this past January than ever before.According to a new report from AAA, January's monthly average was $3.37, 28 cents more than January 2011, and 66 cents more than in 2010, when the monthly average was $2.71.

Gas prices in Jacksonville reached as high as $3.69 a gallon last month, according to the report.

The group says things won't be getting better anytime soon.

The national average is expected to surpass $3.50 a gallon this week, while Florida's average already hit $3.60. Prices could go up 60 more cents by May.

The price of gasoline continues to rise even as oil prices trade below $100 a barrel for the fourth consecutive week.

Closed refineries are being blamed for the rise in retail gas prices after multiple refineries shut down in the Nort

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Submitted Feb 06, 2012 By: Cakes77

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DrCashFlow Champion Author Massachusetts Posts:5,296 Points:1,274,200 Joined:Jun 2008	Message Posted: Feb 8, 2012 2:14:11 AM Ignore DrCashFlow Report Abuse And will keep rising into the summer driving season
crestliner95 Veteran Author Illinois Posts:293 Points:111,905 Joined:May 2011	Message Posted: Feb 7, 2012 11:00:20 AM Ignore crestliner95 Report Abuse surprised?
Shadowwarrior All-Star Author Pennsylvania Posts:716 Points:1,695,620 Joined:Oct 2005	Message Posted: Feb 7, 2012 9:28:08 AM Ignore Shadowwarrior Report Abuse Prices will keep rising because of refineries being shut down and no replacement one's being built. Also does the word "GREED" come to mind? It is the oil companies making fuel in tight supply that keeps it high. The less fuel, the higher the price here at home and oversea's export (and you cann't say they are not making a killing abroad either)It will get worst later this year on the east coast with 3 refineries to close so oil stock piles will rise(cost down)and fuel will rise because they keep the supply tight to rape the people of their money.
clpassenubye Champion Author Los Angeles Posts:2,190 Points:428,465 Joined:Mar 2011	Message Posted: Feb 7, 2012 8:59:16 AM Ignore clpassenubye Report Abuse this makes me very frustrated.
blupupher Champion Author Houston Posts:1,698 Points:420,115 Joined:Feb 2011	Message Posted: Feb 7, 2012 8:57:08 AM Ignore blupupher Report Abuse I believe it.
Cakes77 Champion Author Harrisburg Posts:3,497 Points:1,332,215 Joined:Aug 2006	Message Posted: Feb 7, 2012 8:04:47 AM Ignore Cakes77 Report Abuse Thanks for your nice comments folks on this article. Keep them coming!
07skydriver Champion Author Ohio Posts:1,469 Points:631,165 Joined:Feb 2009	Message Posted: Feb 7, 2012 7:29:34 AM Ignore 07skydriver Report Abuse Gas is still $3.14 The all time high was over $4 back in 2007.
WalRus49 Champion Author Boston Posts:2,245 Points:508,765 Joined:Nov 2010	Message Posted: Feb 7, 2012 7:06:34 AM Ignore WalRus49 Report Abuse Just more organized mayhem and pillage..........
YANDDTR Sophomore Author Detroit Posts:102 Points:178,885 Joined:Dec 2006	Message Posted: Feb 7, 2012 6:49:07 AM Ignore YANDDTR Report Abuse And the rest of the year will follow
dr047 Champion Author Cleveland Posts:1,655 Points:180,280 Joined:Aug 2010	Message Posted: Feb 7, 2012 6:33:36 AM Ignore dr047 Report Abuse More cars - More drivers - More developing countries buying cars - More Guzzlers - More traffic and gridlock -
kenji554 All-Star Author Charlotte Posts:936 Points:224,670 Joined:Jun 2011	Message Posted: Feb 7, 2012 6:07:52 AM Ignore kenji554 Report Abuse Yes they did.
SavingInNC Champion Author North Carolina Posts:4,149 Points:744,805 Joined:Oct 2006	Message Posted: Feb 7, 2012 5:40:20 AM Ignore SavingInNC Report Abuse Surprise
mike1881 All-Star Author Fayetteville Posts:714 Points:261,580 Joined:Feb 2011	Message Posted: Feb 7, 2012 5:33:39 AM Ignore mike1881 Report Abuse I could have told you that. I had to put gas in my car.
36_ACRES_4_SALE All-Star Author Appleton Posts:638 Points:166,520 Joined:Oct 2011	Message Posted: Feb 7, 2012 1:39:00 AM Ignore 36_ACRES_4_SALE Report Abuse Interesting article.
runout9 Champion Author New Jersey Posts:3,240 Points:978,145 Joined:Dec 2008	Message Posted: Feb 7, 2012 1:10:19 AM Ignore runout9 Report Abuse Crude down & pump prices up. Get used to it. Refining capacity continues to shrink as East Coast refineries continue to be shuttered.
comprof Champion Author Houston Posts:4,938 Points:1,002,205 Joined:Jul 2009	Message Posted: Feb 7, 2012 1:05:14 AM Ignore comprof Report Abuse Went up about $0.20 in north Houston in the last week
anascom All-Star Author Hamilton Posts:892 Points:321,315 Joined:Feb 2011	Message Posted: Feb 7, 2012 12:45:03 AM Ignore anascom Report Abuse i knew it ! hopefully won't go higher than $5/gal this summer!
livable1 Champion Author New York Posts:2,323 Points:283,265 Joined:Oct 2008	Message Posted: Feb 6, 2012 11:46:01 PM Ignore livable1 Report Abuse Hummmmmmm
davenles Champion Author Texas Posts:1,391 Points:359,260 Joined:May 2011	Message Posted: Feb 6, 2012 11:17:40 PM Ignore davenles Report Abuse Just wait until the gas tax increases.
StArrow68 Champion Author Oakland Posts:1,437 Points:1,005,225 Joined:Apr 2003	Message Posted: Feb 6, 2012 9:58:56 PM Ignore StArrow68 Report Abuse Not likely but maybe some of the country will catch up to where CA has been for awhile. Our taxes will keep us in the lead. Oh well, have to pay something to get mid Feb days in the 60's, clear and mild breeze.
IwanFL Sophomore Author Gainesville Posts:224 Points:80,610 Joined:Dec 2011	Message Posted: Feb 6, 2012 9:51:56 PM Ignore IwanFL Report Abuse yes , it is high allright, what is anybody doing about it
aquarinut Champion Author British Columbia Posts:1,217 Points:278,960 Joined:Jul 2011	Message Posted: Feb 6, 2012 9:50:41 PM Ignore aquarinut Report Abuse Speculation running unchecked and greed in the oil sector make for a combination that will naturally drive the prices up! Words like Iran, hurricane, refinery maintenance, oil disruption, greenie protests, EPA, etc are a feeding frenzy for speculators. More fuel efficient vehicles and people just not being able to afford buying gas for extra trips, vacations and the like have lowered onshore fuel consumption. Raising the price of gas helps keep the bottom line looking good even though not as much product is being used. Oil producers selling products offshore, preventing a glut in domestic markets which would drive prices down and allows production to continue at its regular pace, ie..... "ExxonMobil posted a NET fourth quarter in come of 9.4 BILLION dollars". thats NET earnings not gross and thats billions with a capital "B"!!!!
djvanbeek45 Sophomore Author Twin Cities Posts:102 Points:311,620 Joined:Sep 2010	Message Posted: Feb 6, 2012 9:22:38 PM Ignore djvanbeek45 Report Abuse They'll never figure out the tie between high gas prices and poor economy. People spend less on other things when they have to pay so much at the pump.
lonewolf_947 Veteran Author New Hampshire Posts:348 Points:305,125 Joined:Mar 2011	Message Posted: Feb 6, 2012 9:15:34 PM Ignore lonewolf_947 Report Abuse peakkeller: We haven't seen under $3/gal in 2 yrs....your still lucky that yours is under $3...... but that will change by this summer...... wait & see........
sparkzz Rookie Author Ontario Posts:2 Points:2,215 Joined:Aug 2011	Message Posted: Feb 6, 2012 8:58:30 PM Ignore sparkzz Report Abuse I hate to see gas Prices go up anywhere but I live in Windsor, Canada just across the border from Detroit and our gas just hit $4.61 a gallon. We get our gas in liters here and today it is $2.21 a liter and the conversion rate is 3.785 liters to the U.S. gallon. It sure hurts the pocketbook and they told us that gas would never reach a $1.00 a liter. OOPS...
humblepie Champion Author Toledo Posts:17,395 Points:2,011,270 Joined:Mar 2006	Message Posted: Feb 6, 2012 8:39:08 PM Ignore humblepie Report Abuse obamanomics is working as planned
esq262 Champion Author Asheville Posts:1,196 Points:299,315 Joined:Jul 2011	Message Posted: Feb 6, 2012 8:17:48 PM Ignore esq262 Report Abuse They are going up here. But they seem to be settling down.
peakkeller All-Star Author Colorado Springs Posts:958 Points:529,360 Joined:Dec 2009	Message Posted: Feb 6, 2012 7:37:29 PM Ignore peakkeller Report Abuse Ouch. Colorado prices still low...under $3 in Colorado Springs.
race2IT Champion Author Fort Worth Posts:1,341 Points:490,170 Joined:Oct 2008	Message Posted: Feb 6, 2012 7:23:42 PM Ignore race2IT Report Abuse It’s too much speculation; the upset in Syria and Iran nuclear weapons.
TomT2Lee Champion Author Cincinnati Posts:4,220 Points:1,266,780 Joined:Sep 2005	Message Posted: Feb 6, 2012 7:22:40 PM Ignore TomT2Lee Report Abuse and the masses have not seen anything yet...
baddog58 Champion Author Texas Posts:1,123 Points:582,575 Joined:May 2007	Message Posted: Feb 6, 2012 7:01:34 PM Ignore baddog58 Report Abuse Closed refineries, the groundhog and his shadow, the Patriots losing, the sun going down in the west, .... they don't need much of a reason to jack up pump prices. While they are at it, they are causing grocery prices, etc. to elevate.
07skydriver Champion Author Ohio Posts:1,469 Points:631,165 Joined:Feb 2009	Message Posted: Feb 6, 2012 6:56:13 PM Ignore 07skydriver Report Abuse Gas in columbus today is $3.14. Hardly an all time high. Cakes77, you're fired.
DerHahn Champion Author Illinois Posts:11,761 Points:1,760,635 Joined:May 2004	Message Posted: Feb 6, 2012 6:49:41 PM Ignore DerHahn Report Abuse and next january will be another all time high. unless something is done about the speculators, it will continue.
bigmoo63 All-Star Author Kalamazoo Posts:885 Points:56,680 Joined:Nov 2009	Message Posted: Feb 6, 2012 6:44:25 PM Ignore bigmoo63 Report Abuse Dr. Pepper..right as usual. Stimulus. Really worked, didnt it. Oh wait, it saved Goldman Sachs. And all the congressional pensions. Never mind.
nels1jac Veteran Author Minnesota Posts:405 Points:304,150 Joined:May 2011	Message Posted: Feb 6, 2012 6:36:03 PM Ignore nels1jac Report Abuse It sure seemed like it
drpepperTX Champion Author Texas Posts:4,967 Points:395,320 Joined:Apr 2011	Message Posted: Feb 6, 2012 6:31:10 PM Ignore drpepperTX Report Abuse A great big shout out to Obama and the Fed for printing those stimulus dollars and devaluing the U.S. Dollar! Who loves ya now baby?!?! BIG GOVERNMENT, that's who!
kiosk12y Champion Author Tulsa Posts:1,739 Points:350,080 Joined:Mar 2011	Message Posted: Feb 6, 2012 6:23:36 PM Ignore kiosk12y Report Abuse up/down...back & forward, is the same-o-same-o.
335d1 All-Star Author Virginia Posts:567 Points:408,400 Joined:Feb 2011	Message Posted: Feb 6, 2012 6:19:04 PM Ignore 335d1 Report Abuse Looks like the summer rise in gas prices is starting early this year.