Who Do You Blame For The Spike In Gas Prices?

Ask 10 different people and you might get 10 different answers as to why gas prices have spiked sharply in September.

The facts are indisputable.

According to AAA, the average price for a gallon of gas in Massachusetts is presently $3.88. That's a whopping 16 cents higher than it was just one month ago. The price has actually soared to over $4 a gallon at some Essex County self-serve stations.

In North Andover, the cheapest gas reported currently is at Haffner's, $3.85 a gallon for regular. At it's up over $4 a gallon.

Ask 10 different people to explain the cause of the off-season spike and you might get 10 different answers. Some have blamed OPEC, while others have blamed big oil companies. A recent rash of severe weather has been seen as a cause by some people, as have the energy polices and proposals of one political party or another. Still other people have blamed oil speculators on Wall Street.

But we want to know what YOU think. What do you believe is the cause for the recent spike in the cost of gasoline and do you think it has topped out or do you expect it to climb even higher over the next several weeks?

MikeA September 14, 2012 at 01:01 PM
Supply (refinery outages due to fires, Hurricanes, and possibly the seasonal change over from summer to winter fuel; political instability in oil producing regions like Iran, Iraq, Nigeria, Venezuela, Russia, Libya, and Egypt; US government slow in approving drilling in Gulf of Mexico and Alaska; increased expense to find and develop new oil discoveries; increased government regulation; using our food supply - corn - for energy) and demand (higher energy use in developing countries)
Bob Ercolini September 14, 2012 at 01:39 PM
How about lack of president's leadership and of course, it is going to increase as the value of the dollar continues to erode with America's assuming far more debt and obligations than we can meet.
S.Whitman September 15, 2012 at 03:18 PM
Plain and simple.. the oil companies are making record profits and we are still giving them billions of dollars.. when do we smarten up...the president has nothing to do with oil price's just as a barrel of oil has nothing to do with the price of a gallon of gas..when gas was this high last time oil was 140.00 a barrel...there is no reason nor excuse for this....wait till exxon/mobil reports profits it will be staggering...nothing is going to stop the rise in these price's unless we revolt.. and the only revolt we can do IS USE LESS GAS... then they will have to drop the price's, because no one will be able to afford to fill their cars up... can't wait till oil heating season...


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