Heard gas prices over the summer will come close to $5. Can anyone confirm?

ask again in July

all I can say is..I HOPE TO HELL NOT !!!

There was apparently an oil spill in Louisiana and a couple of my friends say they heard about it and the prices of gas going up over the summer, on the radio. Just checking to see if anyone else heard it too.

apparently an oil spill
don't you watch the news ?? an iol rig blew up and sunk. the well is constantly putting thousands of gallons of oil in the gulf..

Well good luck to those fish. Hope no one here fishes in the gulf. Wait a Minute!? Who fishes anymore now that we have crap loads of mercury in fish. I still fish every summer and I will continue to eat my mercury every summer rather than go and get it from a store where it still has mercury in it. lol

I'm impressed. I don't watch much TV, but I knew about the oil rig. How can one go without getting any news at all?!

We're at 2.78 right now, here in Texas, so I could see it getting up to 5.00.

Sorry but its the young kids like me that don't care about the economy because we know its never gonna get better no matter who tells us. We just always plan for the worst, even though it seems like most of us don't.

Gas out here in cali is 2.75 right now. And yes, I heard that will go up to and above 5.00 come summer time. Bummer

Don't care about the economy. What do you care about?

Hummmmmmmmmmm speak for your self and not all the young ones. Heck my son tells me about the price of gas and how it will go up before I know it. Ohhhhhhh but guess that is cause he has worked in the Oil & Gas Field........

But then is the prices anything new we have almost hit the $5 and did not have the problem they are having now.....

As far as fishing well I assure you that this oil spill is gonna effect a heck of a lot more then some pleasure fishing..........

As far as the economy getting worse hummm could that be due to those that just don't care and keep taking but never giving back to it????

Cuz u know big businesses are always looking for an excuse to screw over the consumer.They mess up,we get to pay for it.

I must admit,, it would be kind of blissful to live a bias free, news free life......

"us young people" do care about the economy.. it isnt gonna get better any time soon. you should care its our and our childrens futures. wow.

I agree!!!! If gas gets to $5 I better borrow my kids electric scooter!!! Its over $3 now here

It actually went down 12 cwnts a galon Sat. Its $2.72 a gallon here!!

WOW is right.....Its a scary attitude to have!!! We do have to worry

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.


KYRA PHILLIPS, CNN ANCHOR: Cocaine parties and free hotel rooms. Is that a good reason for concerns over oil industry oversight? Yes. So who's supposed to be keeping an eye on them anyway? A small agency you've probably never even heard of until now. CNN's Ed Lavandera has more.

(BEGIN VIDEOTAPE)

ED LAVANDERA, CNN CORRESPONDENT: It's hard to imagine how things could be worse for the Minerals Management Service or MMS. Its 1,700 employees are supposed to regulate the oil industry, but a growing chorus of critics say the agency is nothing short of a disaster.

REP. DARRELL ISSA (R), CALIFORNIA: It's very clear that you have a dysfunctional agency. You can't trust MMS. They've shown that they're too cozy with industry.

LAVANDERA: Too cozy, indeed.

Two years ago an internal government investigation discovered ethical failures by more than a dozen MMS employees. Some were even having sex and using marijuana and cocaine with oil company employees.

ISSA: It was very clear. They thought that partying, drinking, accepting expensive tickets in a hotel room, somehow made it easier for them to understand the business of how much oil and how much natural gas was being taken out.

LAVANDERA (on camera): CNN has reviewed hundreds of pages of documents and government reports dating back almost 10 years, documents that paint MMS as an agency that in the words of its critics, rubber-stamps the oil industry's actions and is unable to enforce safety regulations.

(voice-over): For example, in 2000, MMS issued a safety alert callings for off-shore drillers in the U.S. to have an additional backup system called an acoustic switch that could prevent blowouts like the one now in the gulf. They went so far as to call it an "essential component." Just three years later after complaints from the oil industry, MMS determined it wasn't so essential after all, saying it would be too costly and ineffective, never mind the fact that BP is required to use it on rigs in two other countries.

STUART SMITH, ENVIRONMENTAL ATTORNEY: Let's load up. LAVANDERA: Stuart Smith is an environmental attorney who has won dozens of case against the oil industry and is representing fishermen put out of work because of the deep water horizon disaster. We flew over the spill site with him.

SMITH: That's the slick. And it's all over here. It looks like a river, but it's not.

LAVANDERA: In the years before this disaster, MMS and BP down played the possibility of a major oil spill. In an initial exploration plan BP called the spill, "unlikely." So when BP sought permission to drill the deep water horizon site, MMS agreed and went along with it and gave the company a "categorical exclusion from a more strenuous environmental impact study." Environmentalists say such exemptions for oil companies are common.

SMITH: Once you dig into it, they are treated with kid gloves in every respect. They're the least regulated industry from an environmental point of view in the country.

LAVANDERA (on camera): Obviously, they'll argue just the opposite.

SMITH: Well, they can't.

LAVANDERA (voice-over): We wanted to ask BP about its relationship with MMS and the oversight of the company's wells. In a statement BP said simply, "speculation over the causes or implications of the deepwater tragedy would be premature," adding that the drilling rig was owned by another company. We also wanted to know what exactly MMS would say, but after three days of repeated requests for interviews with officials at the Minerals Management Service, they refused to talk to us.

Ed Lavandera, CNN, New Orleans.

(END VIDEOTAPE)

PHILLIPS






...In case you didn't know...

Here's an idea. Buy a 100,000 gallon tank. Fill it with 100,000 gallons of $2.76 gas... then when gas reaches $5, you can sell it for $4.50

*whispers* just don't get caught