Orlando station charges $4 for a gallon of gas
By WKMG Local 6 News
Originally posted on April 23, 2007
ORLANDO -- The average price of gasoline may have jumped through the U.S. but nothing like the spike seen at a gas station near the airport over the weekend.
The Problem Solvers found a Chevron gas station in Orlando near the airport charging $4 for a gallon of regular.
"I was shocked," motorist Cindy Confer said after purchasing $4 gas. "I was thinking we should have gone down the road."
"You didn't stop to look before you started pumping?" Local 6's Mike DeForest said.
"I looked out here," Confer said.
Local 6 reported that the prices were not put on any signs at the business.
The station was also selling Plus gas for $4.09 and charging $4.19 for premium gas, the report said.
http://www.news-press.com/apps/pbcs..../70423015/1075
Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab
By Joe Carroll
April 23 (Bloomberg) -- Whether it's $50 to fill up your Prius or $130 for the Ford Expedition, $4-a-gallon gasoline is coming to a pump near you.
Fuel prices are rising at a pace not seen since Hurricanes Katrina and Rita knocked out a third of the U.S. oil refining industry in 2005. Gasoline consumption is climbing twice as fast as last year and will accelerate when summer travel begins late next month.
``What we're surprised by is the increased demand,'' said James Mulva, chief executive officer at ConocoPhillips, whose refineries from California to New Jersey produce 56 million gallons of gas a day, enough to meet 14 percent of the country's needs. ``Even though the price of gasoline is up, the demand is up,'' he said in an April 12 interview in Houston.
Population gains and U.S. economic growth are causing an increase in fuel purchases, according to Orlando, Florida-based AAA, the nation's largest organization for motorists. The U.S. economy will expand at a 2.4 percent annual pace in the second quarter, up from 1.8 percent in the first three months, according to the median estimate of 74 economists surveyed by Bloomberg. Gasoline use is rising almost 5 percent above the five-year average.
Americans are resigned to higher prices, says David Pursell, a principal with Pickering Energy Partners, a consulting firm in Houston.
``Last year, we had pump prices well over $3 for the summer and gasoline demand was up,'' Pursell said in an interview. ``Would $4 gasoline cause demand contraction? I think it will, but I also thought $3 gasoline would.''
http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo