SMRs and AMRs

Tuesday, July 10, 2012

Oops! What happened to those high pump prices?

Gas Nags 

By TIMOTHY EGAN, NYT

Colorado Springs

Up and down the high plains side of the Rocky Mountains, a road warrior becomes a comparative shopper. Last week, regular gas was $3.24 a gallon at the Safeway in Laramie, Wyo., $3.43 a gallon at Costco in Colorado Springs. A new American car, with an average fuel economy of 24 miles to the gallon, could cruise the entire midsection of Colorado on a single tank and still have enough change from $50 to buy caffeinated swill the color of the Houston Ship Channel.

Wait a minute: wasn’t gas supposed to be $5 a gallon now, costing $75 for that same trip? Let’s return to the experts:

“Certainly, this summer, we’ll see the highest gas prices in years.” So said House Speaker John Boehner, in February.

“Right now we’re headed toward $5 a gallon and by the end of summer – maybe 6.” That was Bill O’Reilly, of Fox News, in the same month.

“They’re gonna go to $5, $6, $7.” And that was Donald Trump in April, showing why he’s no better at predicting fuel prices than he is at reading public documents from the state of Hawaii.

(More here.)

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