I read the same article also. What he said was by the end of the decade the price might go to $5. Supply is still high and demand is still low with the economy still slightly improving. Cheap gas is behind us for sure. Anyone still wanting to commute in a big SUV will be paying alot of coin.

How much of the 8.50 is taxes?

Gas prices go up EVER Summer.......every one of them. It's the peak portion of the year, always has been, always will be, so the price of gas will always go up during the Summer. Someone always starts a thread about it like it's breaking news, lol.

With gas hitting 3.19 everywhere around me yesterday, I am hoping it will get me a better price on a boat this winter. I think I can hande a 20pct increase in my fuel bill this summer. No big deal

Its Effin BS. Its going to force me to not be able to do what I love to do.

That's the spirit!

I will still boat as much just may not do as many long runs. Luckily where we boat all the fun stuff is just a few miles.

idk who your source is but gas prices will not hit the aforementioned $4.50...it would simply put us into a depression like previously stated...people are barely holding on right now. as prices rise the demand will reduce thus prices will steady around 3.50 to 3.75. the government simply cannot put the american people in a situation like this...tax cuts on gas might even be a solution.

I somewhat agree with this statement as consumer confidense is strongly related to fuel prices. On the other hand all the experts are saying that oil will stay between 60 and $100 a barrel over then next 5 years

Gas cost approx £1-24pence a liter approx 58 pence of that is tax plus another 20 pence vat which is just another tax which goes on just about everything YOU GOT ME GOING NOW $1 .55 = £1 approx