Report from Channel 4 in Detroit. If it hits let it be after the sledding season.

Feds Expect Gas Prices To Spike In Next 3 Months
Cutoff Of Venezuelan Production Cited
Posted: 1:24 p.m. EST January 9, 2003

WASHINGTON -- The U.S. Energy Department looks for gasoline prices to climb over the next three months. It cites the cutoff of production from Venezuela.

Gasoline prices nationwide are expected to average $1.54 per gallon by mid-spring. That's about 10 cents a gallon higher than this week's national average.

Summer prices are likely to be even higher if fuel demand increases with the arrival of the busier driving season. The department says a shortage of crude and refined gasoline from Venezuela could cause regional price spikes.

The projections do not take into account the turmoil over Iraq and assume that Iraqi exports will continue.

Last year, Iraq produced about 2 million barrels a day. Experts have said serious worldwide crude shortages could develop if war erupts in Iraq and if Venezuela's oil fields remain unproductive.

Looks like the snow showed up first!!! Its snowing here... but at this rate it'll be a few weeks before we get enough to ride! :doh:

Remember when fuel prices were so high in the summer of 2001. It got so bad in the midwest,that most businesses felt the squeeze and higher prices on product did occur. Funny thing was my wages did not go up to even things out. It cost me $70-$80 to fill the 'burb then. Now it is only $55-$60. :( ???

Gas here was already $1.56 before your first post, so I'd say gas will be first.

u guys are lucky there, up here in sask we paying a dollar more per american gallon of gas.