Pain At The Pump Shows No Sign Of Letting Up


Another new week, another new price for gas.

The national average has risen 3 cents in five days, and now sits at $3.76 a gallon. Colorado Springs remains below the national average, but has seen the average price rise 7 cents in a week.

Prices have risen every single day for the last 27.

The rise in prices is all tied to fears that tensions with Iran will lead to war and disrupt oil supplies.

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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by @J on Mar 6, 2012 at 01:12 PM
    Sorry braugh, but oil and gas is traded as commodities "futures" and is based on speculation of the future what feared 1 month, 6 months or even a year from now is what decides prices. Supply and Demand is the smallest portion of the deciding factors in commodities futures. It's decided on gut feelings and news reports.
  • by huh? on Mar 6, 2012 at 12:54 AM
    Bloomberg news says, "Americans driving less, US oil pumping, drilling, production, and exporting at highest levels in US history" so why are prices going up? Speculators taking advantage of any unrest in the world? Maybe we should file a class action lawsuit since the market is a monopoly or maybe an anti-trust law suit?
    • reply
      by J on Mar 6, 2012 at 07:11 AM in reply to huh?
      Or maybe you shouldn't believe everything you read. Oil prices would NOT go up if consumption declined. It's that simple. If if there were speculators driving up the price, it wouldn't be possible without the rabid demand.
  • by Observer on Mar 5, 2012 at 11:40 AM
    The world situation hasn't really changed all that much in the last couple of months and the US is continuing to develop new oil reserves at home so what's the excuse for higher prices now. Its amazing how the investors say they expect higher prices and suddenly like magic they happen. Amazing isn't it. Especially in Colorado where most of our oil comes from the Dakotas and Wyoming.
  • by Raymo on Mar 5, 2012 at 11:27 AM
    Cheap gas isn't a right. If I have a problem with gas prices, which I do, then I need to determine if I am willing to pay the price to drive. Gasoline is a product and the price is set by those who produce it, and I can choose whether or not I want to buy it. When it becomes intolerable for my budget, I will stop buying it or buy less.
    • reply
      by J on Mar 5, 2012 at 08:29 PM in reply to Raymo
      Yes! Raymo, finally someone who gets it!
  • by Anonymous on Mar 5, 2012 at 10:13 AM
    Huh ? well, yes it does: we gotta learn again, to cut back, and decrease the demand. THEN prices will return. PS: be thankful you're not in Arizona: they are almost back up to $4 a gallon...idiots down there continue to speed along in their big mutha trucks; prices will stay high, and go higher down there....
  • by Disgusted on Mar 5, 2012 at 09:26 AM
    Anybody who believes Gingrich will lower gas prices is a fool who probably believed Bush when he said the same thing, but didn't.
    • reply
      by E on Mar 5, 2012 at 09:53 AM in reply to Disgusted
      Yet our current President continues the same pattern. Things will always get worse until we become more self dependent.
    • reply
      by J on Mar 5, 2012 at 10:22 AM in reply to Disgusted
      It's not the president's job to lower your gas prices. It's yours.
  • by getreal7 Location: cs on Mar 5, 2012 at 08:50 AM
    I blame the high cost of contraceptives.
  • by Nath Location: Colo Spgs on Mar 5, 2012 at 07:56 AM
    I've been saying the Mideastern countries are not our friends and Fundamental Islamists are taking over. Even Saudi Arabia is only after our money and arms (to hold Iran at bay in a Sunni/Shiite standoff). Iraq is heating up as factions there fight for control, as in Libya also. Here's a run down on events in Afghanistan where we are about to meet the same finish to our experiment in "nation building" that the Soviets did. Right now, the only way we can get our troops and equipment out of there would be by air as Pakistan has already cut us off from ground transport. When Afghan president Karzai (our ally?)has vowed to join Pakistan in fighting the U.S., it's time to leave them to their own fate. We need to rethink our foreign policy since we make more enemies than friends under current policy. "More U.S. Troops Killed By Afghans They Armed & Trained"
    • reply
      by J on Mar 5, 2012 at 08:12 AM in reply to Nath
      90% of your post has nothing to do with gas prices. This should help: the fundamental truth is that, YES, they are after our money. Everyone who runs a business is trying to make money. It's not realistic to expect Mideast countries to be "our friends" and give us cheaper fuel. Want lower gas prices? Buy less gas. Get a smaller vehicle, use public transit, etc. None of us are entitled to affordable fuel, so don't start blaming the government, Obama, or the Middle East for your high gas bill. If you're driving a big 4x4 pickup around, you're at fault for your high gas bill. If you make six circuits around the grocery store parking lot looking for a spot 10 feet closer, you're at fault for your high gas bill.
      • reply
        by Nath on Mar 5, 2012 at 09:43 AM in reply to J
        Well J, The Mideast has a heck of a lot to do with the price of oil and what goes on there is very relevant. I didn't have room in the first post to get around to oil itself. We need to distance ourself from dependence on that region's supply by buying from a true friend, Canada, and also developing our own supply of oil and gas. I also just finished reading an article on "wind power" in which "Windustry" states that a 1MW on-shore wind turbine costs $1.75 million and with a 4 percent, 20 year loan to build and install it, even if the electricty it produces were sold at twice that from a nuclear plant, it would not pay for itself over 20 years, which is longer than the wind turbine would last.
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