In 2005, from mid-March to late-May prices surged from $1.90 to $2.25. In 2006, from $2.30 to $2.90. In 2007, from $2.40 to $3.30 (and still rising). We have seen prices rise from March 15 to May 30, 18%, 26%, and 37+% the last three years.
Posted on 05/23/2007 1:33:04 PM PDT by libertarianPA
Another anecdote! Who'd have thunk it!
Here's where gasoline/petroleum prices are set:
http://bloomberg.com/markets/commodities/cfutures.html
With your keen observation that prices always increase before Memorial Day you could make a real killing, just like Hillary turned $1000 into $100,000 in ten months in the cattle futures market.
Isn't this the anniversary of last years Memorial weekend leak????
The leak was in March of 2006, not May.
So there seems to have been a surge in gas prices during mid to late May of 2004, 2005, 2006, and 2007.
Not In My BackYard
Robbers? What exactly have they stolen from you?
LOL!
In 2005, from mid-March to late-May prices surged from $1.90 to $2.25. In 2006, from $2.30 to $2.90. In 2007, from $2.40 to $3.30 (and still rising). We have seen prices rise from March 15 to May 30, 18%, 26%, and 37+% the last three years.
The last four years there have been significant run ups in gas prices from mid-March to end of May of 18-40%.
I do not see your claim. Prices in 2004 and 2005 were falling the end of May.
Your observation that gas consumption was going up over memorial day is a good one. Only two solutions for lower prices 1. lower consumption or 2. more production
Crude and gas prices don’t go in lockstep. The chart I posted and the one you posted previously show what gas prices did.
That's not the title I see at the article. Besides, oil prices are down significantly from recent (two year) highs..
Thanks, I did not think that statement would draw so much fire. I thought it had been obvious the last few years. Obviously the solution is not a government price controls. We do need to cut consumption and increase supply.
Just having one chamber of Congress pass this legislation seems to have had an instant effect in the midstate PA region...Rutter’s (notorious for having jacked priced 50 cents per gallon on September 11, 2001) dropped four cents since this morning. Still $3.05, but headed the right direction.
How about we go after grandstanding politicans for gouging us with higher taxes on everything, including gasoline?
Ok.. when do we get to arrest and jail every one of these jackasses who voted for this??
They make FAR more per gallon of gas than the people who supply it!!
“Well, America wanted the politicians to do “anything” about gas prices... this is anything.”
Not true. You are thinking about the American media. I read the letters to the editor and opinion sections of many papers. Illegal immigration has been the number one topic for a while. (See how they listened on that) Gas prices wouldn’t even be in the top ten subjects.
drill, drill, drill,
build refineries, then build some more
refuse to allow wire transfers to Mexico unless they sell us their oil for $25 a barrel.
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