If the Government was about to be overthrown they would probably be the ones setting the fires

No dice. This is NOT the same. Not even close.

Let's hope you are right

Its civil unrest. Or something like that. the People vs their own governing body. You cannot have a foreign entity(US Military)intervening. Thats an entirely different can of worms.

National average for gasoline is now $3.35/gallon. The "good" news is that crude seems to have stabilized near the $100 mark.

Crude has pushed through $100/barrel today and is trading near $102. Gasoline at $3.38. The "good" news is that the big push in crude has now made it's way into the retail pricing.

Explain, please.

The present retail price of gasoline includes the recent ~10% increase in crude pricing. So, without another very quick jump in crude, gasoline prices should stabilize around $3.40 for the time being.

$3.19 and holding steady in my area...

Ah, I see. Thanks.

So how long will this surge in gas prices last until the prices fall out like they did last time, a few years ago? I remember gas was nearly 4 bucks a gallon, then bottomed out around $1.20/gal in my area.

As always, it depends on what happens with the price of crude.

yea, that was crazy....all within a 4 or 5 month span too...

I remember telling Donger that we would never see gas below $2.00 again a few months before that happened.

Maybe it pisses me off that I'm not one making hand over fist money off of it, but there is something very wrong with betting on the "futures" of a product.

It peaked in July 08 around $144/barrel then plummeted over the next 5 months. NO ONE thought we'd see gas that low again. I certainly didnt.