Summer is approaching, and around here a gallon of regular gasoline is about $2.79 a gallon. Someplaces a bit higher, some a bit lower. A barrel of crude topped $70 yesterday. With growing crisis in Iran, ongoing crisis in Iraq, and tension everywhere else, I don’t see prices dropping anytime soon. And hurricane season starts June 1st. This affects refineries along the Gulf Coast and oil platforms in the Gulf of Mexico. Not to mention unforeseen problems like fires at other inland refineries, etc.
So, let’s have a contest. Guess when the price of regular gasoline, on average, in the USA, tops $4 per gallon. Closest to the actual date wins. We’ll need an unbiased site that monitors average prices to be the arbiter of when this occurs (may be in weeks, not days, but we can adjust for that). I’ll offer up some sort of prize… finances are a bit tight now, so it may just be a gallon of gasoline. But if I can swing it when it happens I’ll do ten gallons or roughly a full tank for a small, economical vehicle. If you drive a 7 miles per gallon behemoth then you’re part of the problem, anyway.
Submit your guesses here.
August 28, 2007. When US markets open if you need that.
July 21st, 2006. I’m betting on more hurricanes this year.
Not a bad bet. I’m going in for August 31, 2006. Maybe I can save myself some money.
August 6, 2005.
And might I suggest this site as the official scorer?
That chart on the bottom? It says something like $2.20 for 8/6/05…
Yup, pretty sure August 6, 2005 wasn’t $4 gas.
OK, OK. 2006!
But see if I don’t misinterpret YOUR Diplomacy orders next time, wiseacre!
A lot of people speculated $4.00 by summer last year. I don’t think its going to happen.
June 30th 2006
I know it seems a bit early on in the year but I thought the day before the July 4th Weekend would be a fair bet.
Wouldn’t be the first time. Especially when ~intend~ something different than what I ~write~.
Going into July 4th weekend after a super hurricane might not be a bad bet, drm.
You know, I’m going with June 15th myself. I’ve already seen 3.09 here in DC so I figure by the time summer rolls around, gas should be ready to break the $4.00 barrier.
August 28, 2006.
Though it should be noted that as a bike-rider, I have no earthly use for ten gallons of gas.
Didn’t Greenspan say a while back that if gas hit an countrywide average of $3.75 a gallon for regular the economy would crash? I have been trying to Google it, but it is timing out on me, just like this site most of the time… hmm…
I’m going for June 25th, 2008, because it’s a nice block number.
I’m guessing never.
If it approaches that point, I predict that the definition of a “Gallon” will be changed to something like 7 litres.
I assume we’re talking about regular? Becuase I drove by a station today that was selling premium for $3.25…
I think we Californians will be paying $5.00 per gallon before the rest of the country averages $4.00…
I expect to be paying $4.00 for premium sometime this summer.