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    Doomsday's Not So Farfetched

    Forget $5 gas, the new worry is $6 gas: Middle East strife threatens to pushprices to record levels

    Tyler Rudick
    Feb 28, 2012 | 12:54 pm

    Could oil expert John Hofmeister's prediction of $5 gas in 2012 be too low? As tensions continue to mount over Iran's nuclear program, some analysts say . . . well, maybe.

    The first two weeks of February already have seen a surprising 18-cent jump in fuel pump prices according to petroleum Lundberg Survey, which charted a national average of $3.69 on Friday.

    The online user-generated research group GasBuddy reported a slightly better national average at $3.65 per gallon with Houston clocking in at $3.54 — increases of 31 and 33 cents, respectively, from this time last year.

    "People may think we're reporting that the sky is falling, but you can't rule out any of these things happening," p e troleum analyst Gregg Laskoski says about current Iran-Israel tensions.

    In line with much of Hofmeister's worries about unstable geopolitics, GasBuddy analyst Gregg Laskoski tells CultureMap that the current strife in the Middle East could push gasoline prices considerably higher than $5 a gallon.

    "The wild card is that we don't know when or if there will be a peaceful resolution between Israel and Iran," he says. "Secretary of Defense Leon Panetta believes there's a better than a 50 percent chance an [Israeli] attack could happen this April, May, or June."

    Laskoski warned that a military dispute of this magnitude could spike crude oil prices as high as $200 a barrel. Based on petroleum industry estimates, the cost increase would add $2.50 to existing gasoline prices, which would top them off well above $6 a gallon.

    "People may think we're reporting that the sky is falling, but you can't rule out any of these things happening," he says. "Prices this high could be a tremendous catastrophe for the American economy."

    Laskoski's immediate solution? Well, he didn't really offer one, per se.

    He did note, however, that the best medicine is simple car maintenance to help conserve resources. Here's his four-point vehicular attack:

    1. Check the tire pressure — Manufacturer's suggested pressure levels are designed for fuel economy.
    2. Get a wheel alignment — Uneven wheels make a car work harder and cause serious wear to tires.
    3. Replace air filters — Dirty filters can slow a vehicle's efficiency, leading to higher gasoline usage.
    4. Lighten the load — No need to use your car like a closet, so empty the trunk and clear out that back seat.

    "It's important not to obsess and focus on the things you can't control," Laskoski says, adding that consumers tend to modify their behavior as gas creeps closer to $4. Natural responses to high prices like these, he assured, always will lower demand in the long run.

    For now, let's just hope for a peaceful outcome to the Israel-Iran disputes.

    unspecified
    news/city-life

    This Week's Hot Headlines

    Historic Houston burger joint adds new location and more top stories

    CultureMap Staff
    Nov 22, 2025 | 11:00 am
    Lankford Grocery exterior
    Courtesy of Lankford's
    Lankford's will expand its original location with a new coffee and wine bar.

    Editor's note: It's time to catch up on the top Houston news of the week, starting with a burger opening and service switcheroo. Plus, where to gobble up Thanksgiving-inspired sandwiches. Get the details on our most popular stories below, then visit this guide to plan your weekend.

    1. Historic Houston burger joint serves up new Woodlands location. Grim Burgers and tater tots are coming to The Woodlands. Lankford’s, the beloved Houston burger joint with locations in Midtown and Bellaire, will arrive in The Woodlands next year.

    2. Street food-inspired Houston restaurant swaps counter service for servers. A globally-inspired Houston restaurant has made a big change to its service model. Traveler’s Cart switched from counter service to full service as of November 17.

    3. 12 Houston barbecue joints profiled in Texas author's beautiful new book. Austin-based food and travel writer Veronica Meewes has released a 512-page book, Texas BBQ: The Art of Low and Slow, covering the who's who in Texas 'cue.

    Texas BBQ: The Art of Low and Slow This hefty book highlights the historical connections that make Texas Barbecue so interconnected. Photo by Brianna Caleri

    4. Veteran Houston chefs fire up new pizzas at Rice Village cocktail bar. One of Houston’s foremost pizza experts is once again slinging pies. Lee’s, the companion cocktail bar to Rice Village restaurant Milton’s, is now serving pizzas created by chef Seth Siegel-Gardner.

    5. 8 Houston restaurants serving comforting Thanksgiving sandwiches. These Houston restaurants understand that sometimes all anyone wants are the flavors of Turkey Day sandwiched between two slices of bread.

    bbqbooksburgershouston newsmost popular storiesopeningspizzathanksgivingtop stories
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