Gas Likely to Hit $3 a Gallon by Summer

The U.S. Department of Energy projects prices will rise in the coming months because of increased consumption.
From EERE Network News
January 13, 2010
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Expect to spend more at the pump this spring and summer — and likely through 2011. Light rail, anyone?
ISTOCKPHOTO/MICHAEL KRINKE


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People Still Flocking to Public Transportation

Our friends over at Utne Reader spotted

A slow but steady growth in U.S. gasoline consumption is expected to drive prices at the pump for regular-grade gasoline above $3 per gallon by spring or summer, according to the Energy Information Administration (EIA) within the U.S. Department of Energy.

The EIA’s latest Short-Term Energy Outlook, released on Dec. 12, 2009, projects that regular-grade gasoline prices will average $2.84 per gallon in 2010, rising to $2.94 per gallon in 2011. Retail prices for diesel fuel will also escalate, averaging $2.98 per gallon in 2010 and $3.14 per gallon in 2011.

Meanwhile, crude oil prices actually fell in Dec. 2009, averaging only $74.50 per barrel, although prices were back up to $79 per barrel by the end of the month. The EIA expects crude oil spot prices to weaken over the next few months before regaining strength, gradually rising to $85 per barrel by the end of 2011.


Reprinted from EERE Network News, a free newsletter from the U.S. Department of Energy.







Post a comment below.

 

Roger Dobronyi_4
2/5/2010 9:54:27 AM
I have worked on dual fuel natural gas vehicles and have been a state vehicle emissions inspector. There is virtually no difference in the emissions of gasoline verses natural gas as the newer vehicles burn very clean. The tanks required for natural gas are large and heavy as they have to contain 3000PSI gas. If you are using a small car then your entire trunk would be used and you would still need your gasoline tank as the those huge tanks wouldn't take you very far at all. Dump trucks had 3-4 tanks 2ft in diameter by a length longer than the cab was wide. These needed refilling daily. Duel fuel didn't work for several reasons. Natural gas doesn't have the potential energy of gasoline. It requires a much higher compression ratio to get the same power as gasoline. A higher compression ratio engine would produce NOx in obscene amounts if run on gasoline. So if the vehicle was totally dedicated to natural gas it would require more tanks since it would not have the gasoline to extend range. Natural gas is still a finite resource and in decline. We already import 15% of our natural gas from Canada, but that represents 50% of their total supply. This will be going away in the future. Burning of any sort still produces CO2. An electric vehicle on the other hand, can be powered by solar and wind, in addition to whatever the power companies are using. The advocates of internal combustion need to learn all about Peak oil. Google it!








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