{"id":583,"date":"2008-05-07T16:39:29","date_gmt":"2008-05-07T20:39:29","guid":{"rendered":"https:\/\/www.aroundfortwayne.com\/news\/?p=583"},"modified":"2025-10-23T02:58:06","modified_gmt":"2025-10-23T06:58:06","slug":"another-gasoline-record-surprise","status":"publish","type":"post","link":"https:\/\/aroundfortwayne.com\/news\/2008\/05\/07\/another-gasoline-record-surprise\/","title":{"rendered":"Another Gasoline Record – Surprise!"},"content":{"rendered":"

Gasoline hit another record high price today.\u00c2\u00a0 The price at most stations is $3.85 per gallon, while a few have been reported at $3.87.<\/p>\n

\"\"<\/a><\/p>\n

From today’s Journal Gazette<\/span>:<\/p>\n

[…]\u00c2\u00a0 A new Goldman Sachs prediction that oil prices could rise to $150 to $200 within two years seemed to motivate much of Tuesday’s buying, although a falling dollar and increasing concerns about declining crude production in Mexico and Russia contributed, analysts say.<\/p>\n

The Energy Department raised its oil and gasoline price forecasts but also predicted that high prices will cut demand more than previously thought.<\/p>\n

Light, sweet crude for June delivery jumped to a new record of $122.73 a barrel before retreating to settle up $1.87 at a record $121.84 on the New York Mercantile Exchange.<\/p>\n

Oil prices have nearly doubled from about $62 a barrel a year ago, which Goldman sees as a sign the world is in the midst of a “super spike” in oil prices. Analyst Arjun Murti said in a research note released Monday that prices would ultimately force demand to fall sharply.<\/p>\n

Tim Evans, an analyst at Citigroup Inc., countered Goldman’s analysis with a note predicting that crude prices could as easily fall to $40 a barrel as rise to $200 over the next two years because supplies are, as Evans put it, comfortable.<\/p><\/blockquote>\n

Other AFW Historic Gasoline Price photos\u00c2\u00a0and Nationwide gasoline prices<\/p>\n

Related Images:<\/h3>","protected":false},"excerpt":{"rendered":"

Gasoline hit another record high price today.\u00c2\u00a0 The price at most stations is $3.85 per gallon, while a few have been reported at $3.87. From today’s Journal Gazette: […]\u00c2\u00a0 A new Goldman Sachs prediction that oil prices could rise to $150 to $200 within two years seemed to motivate much of Tuesday’s buying, although a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[267],"tags":[268],"class_list":["post-583","post","type-post","status-publish","format-standard","hentry","category-historic-gasoline-prices","tag-historic-gasoline-prices"],"yoast_head":"\nAnother Gasoline Record - Surprise! - AroundFortWayne<\/title>\n<meta name=\"description\" content=\"Gasoline hit another record high price today.\u00c2\u00a0 The price at most stations is $3.85 per gallon, while a few have been reported at $3.87. 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