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So ... Why ARE gasoline prices going up ... THIS time ?
self ^ | May 21, 2009 | knarf

Posted on 05/21/2009 5:04:02 AM PDT by knarf

I admit to being confused.


TOPICS: Business/Economy
KEYWORDS: 0bama; 0bamaisfailing; bigteapartyjuly4; co2isnotpollution; cost; drillheredrillnow; gasoline; givemeliberty; globalcooling; idiocracy; keepthechange; madashell; newnukesnow; notsosmartcars
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Is it government intervention of some sort, and if so .. what is that intervention?

The oil companies?

Less/more usage of fuel?

I just don't know and would like some input to help me draw a/some conclusion(s)

1 posted on 05/21/2009 5:04:03 AM PDT by knarf
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To: knarf

Memorial Day weekend

Happens every year...


2 posted on 05/21/2009 5:05:19 AM PDT by TSgt (Extreme vitriol and rancorous replies served daily. - Mike W USAF)
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To: knarf

Because they can.


3 posted on 05/21/2009 5:05:27 AM PDT by xcamel (The urge to save humanity is always a false front for the urge to rule it. - H. L. Mencken)
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To: knarf

Speculators are driving up the price on what they think will happen in the near future.


4 posted on 05/21/2009 5:05:37 AM PDT by Man50D (Fair Tax, you earn it, you keep it!)
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To: knarf

It may be the pesky old supply/demand thing.


5 posted on 05/21/2009 5:05:45 AM PDT by Izzy Dunne (Hello, I'm a TAGLINE virus. Please help me spread by copying me into YOUR tag line.)
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To: knarf

They want to make more money?


6 posted on 05/21/2009 5:06:48 AM PDT by reagan_fanatic (When you put Democrats in charge, stupid things happen)
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To: knarf

Shhhhh! You’re not supposed to notice anything about gas prices for the next 3 1/2 years.


7 posted on 05/21/2009 5:07:13 AM PDT by ovrtaxt (Truly Constitutional money isn't just backed by gold and silver- it IS gold and silver.)
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To: xcamel

Obama may need a bailout from big oil!


8 posted on 05/21/2009 5:07:18 AM PDT by Dr. Ursus
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To: MikeWUSAF

What he said (and we get threads asking this every year this time.) you also have the decline of the dollar so it takes more to buy the wholesale crude.


9 posted on 05/21/2009 5:07:53 AM PDT by mnehring
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To: MikeWUSAF

It’s been going up gradually this past month.


10 posted on 05/21/2009 5:08:36 AM PDT by presently no screen name
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To: knarf

Crude has gone from the $40s to the $60s/barrel in a relatively short time. Why? It’s rebounding from the lows. It had fallen from $150 down to near $30 in less than a year, and that demands a bounce, even if it was an anvil falling 120 storeys down to the sidewalk.


11 posted on 05/21/2009 5:08:55 AM PDT by Migraine (Diversity is great... ...until it happens to YOU.)
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To: knarf

Prices are always higher during this time..also summer is coming.


12 posted on 05/21/2009 5:10:02 AM PDT by waxer1 ( "The Bible is the rock on which our republic rests." -Andrew Jackson)
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To: knarf

Like him or not, O’Reilly explained it best: the oil speculators have rejoined the market and are pushing the prices again.


13 posted on 05/21/2009 5:10:13 AM PDT by theDentist (qwerty ergo typo : i type, therefore i misspell.)
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To: knarf

I’m far from being an expert but I think there was a pipeline bombed in Africa and a refinery explosion in Pennsylvania and the stupid government mandates for the 47 fuel blends for different parts of the country.


14 posted on 05/21/2009 5:10:20 AM PDT by kickonly88
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To: knarf

A lot of it is the boutique gasoline formulations each state mandates. In the winter it’s mostly cool and gasoline is allowed to be fairly volatile. In the summer volatile gasoline would evaporate too much and cause one sort of pollution or another. So the refineries not only have to make gasoline that is harder to make but each of the 50 states (and in cases like California each of the different regions) have different formulations.

The drive-by’s always refer to the “summer driving season” as if the price changes were all demand driven, but much of the problem are the requirements for the “boutique” gasolines.


15 posted on 05/21/2009 5:10:35 AM PDT by 2 Kool 2 Be 4-Gotten
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To: ovrtaxt

16 posted on 05/21/2009 5:10:54 AM PDT by MaxMax (America's population is 304-Million. Obama must punish America for the other 4.7 Billion)
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To: presently no screen name

Up $.25 in two weeks here in central Texas. At that rate, gas will almost be $3.25 by July 4th. I don’t call that kind of rise gradual.


17 posted on 05/21/2009 5:12:17 AM PDT by Arrowhead1952 (It took almost 250 years to make the USA great and 30 days for "The Failure" BO to tear it down.)
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To: MikeWUSAF

“Memorial Day weekend

Happens every year...”

That.


18 posted on 05/21/2009 5:12:17 AM PDT by jeepers creepers
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To: theDentist

This IS the free market.....the alternative is Obama’s dream.... It’s your choice....


19 posted on 05/21/2009 5:12:22 AM PDT by cbkaty (I may not always post...but I am always here......)
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To: MikeWUSAF
Memorial Day weekend

Yeah, that and refiners having to change to "summer grades" which are more expensive to make.
20 posted on 05/21/2009 5:12:31 AM PDT by plsvn
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To: knarf

Holiday weekend. The prices will also spike for 4th of July and Labor day when there is large anticipated travel and profit potential.


21 posted on 05/21/2009 5:12:46 AM PDT by Concho ( No Birth Certificate-No Census!)
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To: presently no screen name
If you call 70 cents a gallon in the past month a gradual increase.
22 posted on 05/21/2009 5:13:06 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: knarf
Our naive one has shut down most sources of new oil and the Cartel knows it. Coal can be converted to liquid fuel for much less than $50 a barrel equivalent. Nuclear can supply clean electricity. So if we really want energy independence, the USA has plenty of resources to do just that. Maybe ZERO will use some of the stimulus money to do real jobs, like building new energy sources, instead of windmills and BS.

$2.65 a gallon for premium locally yesterday.

Drill here drill now, pay less.

We truly have a control freak show in Washington.

23 posted on 05/21/2009 5:13:26 AM PDT by Tarpon (You abolish your responsibilities, you surrender your rights.)
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To: knarf

The speculators........................


24 posted on 05/21/2009 5:13:26 AM PDT by Red Badger (If Keynesian economics worked, Zimbabwe would be a superpower.......................)
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To: knarf

Evil “Big Oil”, what else?


25 posted on 05/21/2009 5:14:09 AM PDT by HenpeckedCon (1/20/13 - Obama's Last Day!)
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To: knarf

Let’s see .. on that little engine of the free market, the NYMEX, the spot price for crude has gone from $41.15 on February 18 to over $60 today ... could that have something to do with it ???


26 posted on 05/21/2009 5:14:20 AM PDT by tx_eggman (Clinton was our first black President ... Obama is our first French President.)
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To: knarf
Try Bill Clinton. He implemented a summertime program requiring 17 different blends of oxygenated fuel, depending on your location in the country. For instance, I live between Lansing and Detroit. In the winter, the whole area can buy the same fuel. In the summer, Lansing has a suburban blend, Detroit has an urban blend, and we have a rural blend.

The law of supply and demand rules. The stations can no longer call their suppliers and find the cheapest source; they must find an available source with their particular blend. The supply evaporates [so to speak]. Every year when this program kicks in there is a huge spike in prices. The timing varies, depending on the status of gasoline in inventory. It is a little late this year due to the recession.

The media and others try to blame the fuel suppliers and the gas stations. It is actually the fault of President Clinton.

27 posted on 05/21/2009 5:14:57 AM PDT by norwaypinesavage (Global Warming Theory is extremely robust with respect to data. All observations confirm it)
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To: knarf

Plus there was a fire at a refinery in Delaware, IIRC.............


28 posted on 05/21/2009 5:15:05 AM PDT by Red Badger (If Keynesian economics worked, Zimbabwe would be a superpower.......................)
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To: knarf
IMO opinion the president's disciples are causing the rise in some way as he stated a while back that gas at the pump had to be $4.00 to get his economy busting energy plan through Congress/
29 posted on 05/21/2009 5:15:26 AM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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To: knarf

Think of the world economy as a EKG of a heart attack, there will be wild fluctuations until it goes flat line. The “stimulus” was an adrenalene injection, making the future fluctions worse. Flat line is still coming ....


30 posted on 05/21/2009 5:15:31 AM PDT by central_va (www.15thVirginia.org Co. C, Patrick Henry Rifles)
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To: Arrowhead1952
Hey, at that rate it'll be $9 in a year, and $15 in two!

My word!

31 posted on 05/21/2009 5:15:46 AM PDT by muawiyah
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To: kickonly88

” 47 fuel blends for different parts of the country.”

That’s not true! It’s 57 different blends. One for each state!


32 posted on 05/21/2009 5:16:13 AM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: knarf
The price of crude oil is $62 a barrel. Production of crude is down. Demand is rising. China's economy is coming back to life. Obama is flooding the World market with dollars.
33 posted on 05/21/2009 5:16:20 AM PDT by Dixie Yooper (Ephesians 6:11)
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To: knarf
Printing money .

The Federal Reserve is buying the US Treasuries that Communist China and others will not buy.

Thus the US dollar is worth less.

Oil and other commodities are / will be more expensive.

34 posted on 05/21/2009 5:16:21 AM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: knarf

You would have to ask those that manipulate the market and I don’t know of any of them that post on FR.


35 posted on 05/21/2009 5:16:30 AM PDT by Prokopton
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To: Arrowhead1952

I was replying to a post that stated the reason for the rise was because of Memorial Day weekend. I have seen it rise each week for the past month - meaning it wasn’t a memorial day crisis. It has risen approximately $.40 to $.45 in the past four weeks here in NY.


36 posted on 05/21/2009 5:16:33 AM PDT by presently no screen name
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To: knarf
When the price gets near $4 again, I'll start my conspiracy alert.
37 posted on 05/21/2009 5:16:47 AM PDT by BallyBill (Serial Hit-N-Run poster)
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To: plsvn
“Yeah, that and refiners having to change to “summer grades” which are more expensive to make.”

A big problem with the number of summer blends is there is a “line” at the refineries for each product. The refiner makes a “best guess” as to the quantities.

An above normal demand in one area will cause shortages until the refiner can get back to them. Jump the line and somebody else will be short.

38 posted on 05/21/2009 5:17:08 AM PDT by PeteB570 (NRA - Life member and Black Rifle owner)
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To: knarf

Ethanol.


39 posted on 05/21/2009 5:17:44 AM PDT by chemicalman ("There's a sucker born every minute", PTB, "They all voted for Obama", CM.)
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To: cbkaty; All

An oligopoly is NOT a free market.

If I wanted to start my own oil company and had the resources to do so, I would have to jump through hoops and it would take several years to get it off the ground (at least).

A few players controlling a commodity which everyone needs is NOT a true free market.

On this, I agree with Bill O’Reilly.


40 posted on 05/21/2009 5:17:45 AM PDT by Red in Blue PA (If guns cause crime, then all of mine are defective.)
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To: plsvn
Yeah, that and refiners having to change to "summer grades" which are more expensive to make.

Until they have to switch to "Winter grades" which are more expensive to make...

41 posted on 05/21/2009 5:19:11 AM PDT by Dixie Yooper (Ephesians 6:11)
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To: MikeWUSAF

“Memorial Day weekend Happens every year...”

True enough, But the gas prices have been going up since around February. I track my own fill up cost on a spreadsheet and Every fill up has been more expensive than the one before.


42 posted on 05/21/2009 5:19:57 AM PDT by NavyCanDo
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To: knarf
Inflation.

0bama is debasing the currency. By artificially increasing the money supply we will soon be enjoying Zimbabwean levels of prosperity.

Dollars are far cheaper, it takes a lot more to them to buy a Euro or a barrel or oil.

I agree with Cole Porter, “You're the top, you're a Coolidge dollar.”

43 posted on 05/21/2009 5:20:12 AM PDT by Lonesome in Massachussets (AGWT is very robust with respect to data. All observations confirm it at the 100% confidence level.)
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To: knarf

‘Cause people are using more? You know - Memorial day, summer, end of school, camp, soccer, etc.?


44 posted on 05/21/2009 5:20:38 AM PDT by Little Ray (Do we have a Plan B?)
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To: Dixie Yooper

You left out April showers and the start of the NFL season!


45 posted on 05/21/2009 5:21:58 AM PDT by Dr. Ursus
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To: Dixie Yooper
Until they have to switch to "Winter grades" which are more expensive to make...

Not true, there are fewer "winter grades" hence less expense to the refiners. Don't you notice prices tend lower in the fall?
46 posted on 05/21/2009 5:22:20 AM PDT by plsvn
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To: knarf

“So ... Why ARE gasoline prices going up ... THIS time ?”

It’s summer


47 posted on 05/21/2009 5:22:54 AM PDT by nuconvert ( Khomeini promised change too // Hail, Chairman O)
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To: knarf
Price of crude is going up.

Don't know why ... bounce after the price crash last fall, maybe?

48 posted on 05/21/2009 5:22:59 AM PDT by ArrogantBustard (Western Civilization is Aborting, Buggering, and Contracepting itself out of existence.)
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To: chemicalman
Ethanol bad, Butanol good
49 posted on 05/21/2009 5:23:10 AM PDT by taxcontrol
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To: Dr. Bogus Pachysandra
It’s 57 different blends. One for each state!

Has California already been carved up into 8 states? What are the new states called?

50 posted on 05/21/2009 5:23:19 AM PDT by Dixie Yooper (Ephesians 6:11)
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