BALTIMORE (WJZ) — Five dollars a gallon for gas? Analysts say it could happen this year.

Monique Griego has more on why gas prices could soon explode.

Just this weekend, the president signed new sanctions against the country of Iran. Now, Iran is firing back with a threat that could send gas prices higher than ever.

Prices at the pump already have drivers in pain.

“I can barely afford it now,” said one driver.

“Three dollars a gallon…I mean, five dollars gets you what, a gallon and a half?” said another.

But if Iran follows through on a threat to shut down one of the world’s most important oil routes, analysts say prices here could skyrocket by summer.

“If it gets to $5, that would be hurting the pockets very bad,” said Paul Rozanski, Severna Park.

Threats of five dollars a gallon has Rozanski reconsidering his ride.

“I just like the SUV because of the wintertime, but definitely in the summertime, get another car. Get a Prius or something,” he said.

In just the past week, gas prices have gone up nearly seven cents and there is no sign of them coming down any time soon.

According to AAA, the average for a gallon of regular is $3.25, compared to $3.07 this time last year.

“Iran’s saber-rattling. I think that could have an impact,” said Pete Horrigan.

Horrigan, who’s with the Mid-Atlantic Petroleum Distributors’ Association, says he won’t go as far as five dollars a gallon, but does expect prices to go up.

“We certainly have enough issues going on in the world and in this country that it could certainly be higher,” he said. “We’ve been fortunate in this country because in European countries, they’ve been paying a lot more than that for a long time.”

Many drivers are now hoping that good fortune holds out.

The U.S. penalties against Iran don’t take effect for six months and even then, the president can waive them for national security reasons.

The European Union is also considering new oil sanctions against Iran.

Comments (250)
  1. ledhead says:

    five bucks a gallon,means depression,,not for america,,for obama in november!

  2. Gasoline-Union says:

    Yes it can and will reach 5 dollars per gallon unless we stand together….
    We can fight back with unity. Come join the gasoline union…
    http://www.gasoline-union.org/

  3. ormari says:

    Hello there, simply turned into alert to your blog through Google, and located that it is really informative. I am gonna watch out for brussels. I’ll appreciate if you continue this in future. Numerous other people shall be benefited from your writing. Cheers!

  4. jaguar pc coupon says:

    Hiya very cool blog!! Man .. Beautiful .. Wonderful .. I will bookmark your website and take the feeds also?I am glad to find a lot of helpful info here within the post, we need work out more strategies on this regard, thanks for sharing. . . . . .

  5. jocuri cu tractoare says:

    Helpful information. Fortunate me I discovered your site by chance, and I am stunned why this coincidence didn’t came about in advance! I bookmarked it.

  6. wechseln gas says:

    Simply wish to say your article is as surprising. The clarity in your post is just great and I could assume you are an expert on this subject. Fine with your permission let me to grab your RSS feed to keep up to date with forthcoming post. Thanks a million and please continue the rewarding work.

  7. end of the world theories says:

    Magnificent website. Lots of useful information here. I am sending it to several buddies ans also sharing in delicious. And certainly, thanks in your effort!

  8. electricity says:

    Useful info. Lucky me I discovered your site accidentally, and I’m shocked why this twist of fate didn’t took place earlier! I bookmarked it.

  9. I recently found what I hoped for before you know it at all. Quite unusual. Is likely to appreciate it for those who add forums or something, site theme . a tones way for your customer to communicate. Nice task Thank you for the sensible critique. Me and says:

    I believe that is one of the most important info for me. And i’m glad studying your article. But wanna remark on few normal issues, The site style is great, the articles is in point of fact great : D. Good job, cheers

  10. 2012 phenomenon says:

    Fantastic post, very informative. I wonder why the opposite specialists of this sector do not understand this. You should continue your writing. I’m sure, you have a huge readers’ base already!|What’s Happening i’m new to this, I stumbled upon this I have discovered It absolutely useful and it has helped me out loads. I’m hoping to contribute & help different customers like its aided me. Good job.

  11. real estate,real estate listings,real estate foreclosures,remax,real estate value,commercial real estate,real estate careers,google real estate,real estate companies says:

    Amazing things here. I’m very happy to peer your article. Thanks so much and I’m taking a look ahead to contact you. Will you please drop me a mail?

Leave a Reply