Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Yikes, gas prices climb again (through the roof)
Orange County Register (CA) ^ | February 25, 2012 | MARLA JO FISHER

Posted on 02/25/2012 6:12:30 PM PST by Deo volente

Gas prices climbed higher Saturday, continuing to march ever-closer to the all-time average local high of $4.60 per gallon set in 2008.

Jitters over the standoff in Iran's nuclear program have led to surging oil prices and unstable markets worldwide. Locally, a big refinery fire also hiked prices for motorists, with no end in sight.

(Excerpt) Read more at ocregister.com ...


TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: economy; energy; gasprices
Navigation: use the links below to view more comments.
first 1-5051-100101-106 next last

1 posted on 02/25/2012 6:12:35 PM PST by Deo volente
[ Post Reply | Private Reply | View Replies]

To: Deo volente

We shoulda drilled here and drilled now when we had the chance. Thanks Barry!!! I didn’t read your crummy “book”. Is this one of the “dreams” of your “father”?


2 posted on 02/25/2012 6:15:40 PM PST by FlingWingFlyer (It's time for the DemocRAT voter base to start paying their "fair share" of taxes.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Deo volente
Jitters over the standoff in Iran's nuclear program have led to surging oil prices and unstable markets worldwide. Come on, OCR -- it's our administration's feckless behavior causing this...weakness in foreign policy, zero interest rate policy killing the dollar, raging inflation, AND lack of domestic exploration and production. Shame on you...spell out out the truth.
3 posted on 02/25/2012 6:16:48 PM PST by ProtectOurFreedom
[ Post Reply | Private Reply | To 1 | View Replies]

To: Deo volente

Rush was wondering what happens when it hits $6.66 /gal.


4 posted on 02/25/2012 6:17:15 PM PST by Mark (Don't argue with my posts. I typed while under sniper fire..)
[ Post Reply | Private Reply | To 1 | View Replies]

To: FlingWingFlyer

I was shocked this afternoon to find that the local ARCO station (cheapest gas around) was charging $4.23/gallon. TWO DAYS ago it was $4.03.
Exactly two weeks ago I paid $3.75. That’s a 48 cents jump in 14 days.

We could see $5 by April at this rate. What in the world is happening here?!


5 posted on 02/25/2012 6:21:56 PM PST by Deo volente (God willing, America will survive this Obamination.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Deo volente

We could save BILLIONS of gallons a fuel, and eliminate most traffic jams etc. We have the technology to do this RIGHT NOW.

Tens of millions of people commute to sit at a desk/cubicles all day simply to use a telephone and computer...Set them up at home.

It’s absolutely stupid to allow this to happen and does nothing but waste oceans of fuel.

Give the employers incentives to do this, whatever it takes.


6 posted on 02/25/2012 6:26:12 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ProtectOurFreedom

Gas now costs just a shade less than what it did when oil was $147/barrel on the NYMEX back in 2008.

Oil closed on Friday at $105.88.

Something’s very wrong here. We’re being fleeced.


7 posted on 02/25/2012 6:29:34 PM PST by Deo volente (God willing, America will survive this Obamination.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Deo volente

Went up $.40 LAST NIGHT in my town.


8 posted on 02/25/2012 6:31:29 PM PST by Baynative (Please check this out - http://www.youtube.com/watch?v=fFIcZkEzc8I)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Deo volente

The Wunnerful Wizzard of BOZ is keeping us home....

We’ll find out soon!


9 posted on 02/25/2012 6:31:58 PM PST by Shady (The undeniable truth of the Obama Administration...The numbers do not lie.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Deo volente
We could see $5 by April at this rate. What in the world is happening here?!

What's happening? Pick an excuse...we've heard it all ..

Iran is going to take over the world...The refineries need maintenance...The speculators are doing it...We're running out of oil...We have plenty... Americans are driving less, so we need to raise prices....The Chinese have millions of mopeds to fuel...There is a leak in a pipe in Moose Jaw Alaska...A rodent chewed through a line at the main pump station...And on and on.

Fact is, the prices are going through the roof, because they can...So the super wealthy can become super wealthier, more powerful...

10 posted on 02/25/2012 6:34:34 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Deo volente

This problem was explained pretty well on NPR this evening (Marketplace-weekend I believe).

Demand is down here and we are producing more however, the little publicized fact is that our refineries have been and are being shut down ...by this insane administration. So even though we have reserves of crude...the refineries are supposedly going at capacity and there is a shortage of those.

But we all knew this was coming..right?


11 posted on 02/25/2012 6:35:35 PM PST by Outlaw Woman (When does the shooting start?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Deo volente

12 posted on 02/25/2012 6:36:52 PM PST by JoeProBono (A closed mouth gathers no feet - Mater tua caligas gerit ;-{)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Deo volente

Our nearest gas station charges 4.73/gallon. This is what Obama wanted, he did say that he wanted prices to skyrocket, he got it. He will never agree to any pipeline because he would lose his whack job environmentalist lefty buddies


13 posted on 02/25/2012 6:39:18 PM PST by Sarah Barracuda
[ Post Reply | Private Reply | To 1 | View Replies]

To: Deo volente

in my very best GWTW Scarlett voice . . . I hope oil and gas go sky high this year!!!!

anything to get Obamalamadingdong out of office


14 posted on 02/25/2012 6:41:00 PM PST by Qwackertoo (Gingrich/West 2012)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Deo volente
West Texas Intermediate (WTI) Oil was at $147 for hours, not any significant time.

And since that time WTI, which was trading at premium at that time, now trades at a discounted price to similar quality oils not bottlednecked at Cushing like WTI.

So in summer 2008, that WTI price which folks like to quote was actually higher than the average price refineries were paying for light sweet crude. Now it is lower than most refineries are paying for light sweet crude.

If you look at average refinery acquisition cost, you see a different picture.

http://www.eia.gov/todayinenergy/detail.cfm?id=290

http://www.eia.gov/todayinenergy/detail.cfm?id=3670

15 posted on 02/25/2012 6:42:22 PM PST by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 7 | View Replies]

To: JoeProBono
LOL. Here's another:


16 posted on 02/25/2012 6:43:00 PM PST by Deo volente (God willing, America will survive this Obamination.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Deo volente
Exactly two weeks ago I paid $3.75. That’s a 48 cents jump in 14 days. We could see $5 by April at this rate. What in the world is happening here?!

Dems and 'the press' are working closely to find a way to blame someone - anyone - anyone at all - other than Obama or democrats. I'm sure they'll come up with something they can lie about - oops, I mean believe in - - push on us - whatever...

17 posted on 02/25/2012 6:46:41 PM PST by GOPJ (GAS WAS $1.85 per gallon on the day Obama was Inaugurated! - - freeper Gaffer)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Outlaw Woman
the refineries are supposedly going at capacity and there is a shortage of those.

Not true. We are refining more than we use, leading to us becoming a net exporter of gasoline. We had so many refinery expansions combined with a falling demand, our refineries are only running about 83% capacity and still making more than we use.


18 posted on 02/25/2012 6:49:03 PM PST by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 11 | View Replies]

To: FlingWingFlyer; All

I hate to agree with O’Reilly...

But drilling here and drilling now means crap when they are selling to China for pennies.

We need to export tax the ones who are drilling on OUR land.


19 posted on 02/25/2012 6:52:09 PM PST by autumnraine (America how long will you be so deaf and dumb to the tumbril wheels carrying you to the guillotine?)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Outlaw Woman
I'll add your reason to the dozen others I've heard in the past two weeks. Iran is going to take over the world.

The refineries need maintenance

The speculators are doing it

We're running out of oil

We have plenty

Americans are driving less, so we need to raise prices

The Chinese have millions of mopeds to fuel

There is a leak in a pipe in Moose Jaw Alaska

A rodent chewed through a line at the main pump station in Texas.

Demand is down but we are producing more however, our refineries have been and are being shut down

Prices will go to 6.75, but 3 days before the election, Obama will lower prices to 1.40 to ensure reelection

A school of endangered blowfish have been sucked into a pipe, and it takes time to get them out.

Are there any other excuses? What could it be?

20 posted on 02/25/2012 6:53:44 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Deo volente

Gas here jumped 19 cents PER LITRE in the last 2 days! From $1.069 to $1.259. Was I ever glad I filled the 100 l tank on the pickup 4 days ago!


21 posted on 02/25/2012 6:54:08 PM PST by Don W (You can forget what you do for a living when your knees are in the breeze.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Deo volente; JoeProBono
And another.


22 posted on 02/25/2012 6:54:29 PM PST by Stonewall Jackson ("I must study politics and war that my sons may have liberty to study mathematics and philosophy.")
[ Post Reply | Private Reply | To 16 | View Replies]

To: autumnraine
But drilling here and drilling now means crap when they are selling to China for pennies.

What are you talking about?

23 posted on 02/25/2012 6:55:05 PM PST by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Deo volente

That’s a dollar more than I’m paying!


24 posted on 02/25/2012 7:01:22 PM PST by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Stonewall Jackson

25 posted on 02/25/2012 7:06:17 PM PST by Deo volente (God willing, America will survive this Obamination.)
[ Post Reply | Private Reply | To 22 | View Replies]

To: autumnraine

We need to export tax the ones who are drilling on OUR land.

Unfortunately the free traitors will scream "protectionism" the second anyone tries to put the USA first.

26 posted on 02/25/2012 7:11:02 PM PST by Aglooka ("I was out numbered 5-to-1, I got 4.")
[ Post Reply | Private Reply | To 19 | View Replies]

To: thackney

Interesting. Thanks for that.

There are refineries being shut down though. And many of the major companies have folded up shop and left since the BP oil spill.

Whatever the specific reasons, did anyone really doubt that this was coming?


27 posted on 02/25/2012 7:11:23 PM PST by Outlaw Woman (When does the shooting start?)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Deo volente

Rich liberals don’t care if gasoline is $4.00/gal. In fact they want the price even higher.

I will be happy if it is well over $4.00/gal prior to election day. It’s something the media can’t explain away easily.


28 posted on 02/25/2012 7:14:00 PM PST by Aglooka ("I was out numbered 5-to-1, I got 4.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: Deo volente

I consistently saw it a nickel cheaper than that in the late 1960s.


29 posted on 02/25/2012 7:16:28 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
[ Post Reply | Private Reply | To 16 | View Replies]

To: Outlaw Woman
There are refineries being shut down though.

Sure, since when running at only 83% capacity, we still don't use all we produce.

Some of those older refineries that have not been updated are having a tough time in this domestic market. Refinery margins are tight. A few of the combination oil producer and refinery companies are selling off the refining portion, like ConocoPhillips.

And many of the major companies have folded up shop and left

I don't think so. Can you name one major oil company you think left the US in this time?

30 posted on 02/25/2012 7:19:45 PM PST by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 27 | View Replies]

To: Deo volente

What in the world is happening here?!

We moved more armaments to the gulf...that’s what.

U.S. Toughens Defenses in Persian Gulf: Israel-Iran Conflict Imminent?

Hinting at the possibility of a military strike, the Pentagon is bolstering the U.S. defenses in the Persian Gulf as a preemptive measure to ... boats and…International Business Times· 19 hours ago


31 posted on 02/25/2012 7:20:04 PM PST by EBH (God Humbles Nations, Leaders, and Peoples before He uses them for His Purpose)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Deo volente

Since oil is traded in Dollars, the price of gas is often directly proportional to the Dollar. Wild money printing and massive deficits continue to result in the devaluation of our currency.

This more than anything else is the reason we have high gas prices and why they contiue to rise. Since oil is traded in Dollars, the irresponsible spending has results in our currency being worth less and thus inflation results.

Are there other factors? Sure, but our reckless spending in Washington is the primary culprit.

The only way to bring down gas prices is to shore up the Dollar, but that would require some harsh measures on the part of our lawmakers. I think we all know they would never do anything to act in Americas best interest. Not this administration.


32 posted on 02/25/2012 7:22:08 PM PST by Carbonsteel
[ Post Reply | Private Reply | To 1 | View Replies]

To: FlingWingFlyer
April, 2009:


33 posted on 02/25/2012 7:22:45 PM PST by Deo volente (God willing, America will survive this Obamination.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Deo volente

Americans love high gas prices - that’s why we keep voting for them.

So smile while you’re at the pump. :)


34 posted on 02/25/2012 7:23:33 PM PST by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: thackney
can you tell me why the saw tooth pattern in the finished gas graph is so regular? is it the difference in winter and summer driving??? thx
35 posted on 02/25/2012 7:23:58 PM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Chode
can you tell me why the saw tooth pattern in the finished gas graph is so regular? is it the difference in winter and summer driving???

You got it exactly. Click the picture to go to the data source and you can see it in the months.

36 posted on 02/25/2012 7:25:34 PM PST by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 35 | View Replies]

To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

I noticed that the price I paid last week ($3.289 or something like that) is about 20 cents in the past, and that’s just at the cheaper of the two warehouse clubs, the other one was 25 higher, and I didn’t care to look at the other stations around town as I burned gasoline on a small local shopping trip.


37 posted on 02/25/2012 7:27:51 PM PST by SunkenCiv (FReep this FReepathon!)
[ Post Reply | Private Reply | View Replies]

To: Deo volente

Thanks Prez Zippy — paid $3.99 for regular yesterday, filled up other vehicle with regular today for $4.05. Predicting over $5.00 by early March. Yeah, baby, this will really do something for the growth, like totally kill it. Zippy’s hanging on to this environmental hocus pocus while the economy goes completely into the toilet. Maybe we’ll hear a lot more of his lies, like “higher gas prices are a sign the economy’s improving.” What a total piece of crap this president is, and we have no one with the cojones to call him on it. We’re going to be living the nightmare.


38 posted on 02/25/2012 7:28:56 PM PST by Ranger Warrior ("To stand in silence when they should be protesting makes cowards out of men." - Abraham Lincoln)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Deo volente

That picture looks like America, doesn’t it?


39 posted on 02/25/2012 7:30:12 PM PST by Fightin Whitey
[ Post Reply | Private Reply | To 16 | View Replies]

To: thackney

FOX Business news had a commentater (potato joke in there somewhere) say we could drop the price by a dollar a gallon by removing the requirement of over 100 different EPA formulations. Comments?

And Newt said the silver bullet to lower gas prices was to get rid of Obama!


40 posted on 02/25/2012 7:30:49 PM PST by Cold Heart
[ Post Reply | Private Reply | To 18 | View Replies]

To: thackney

Are you saying that the moratorium has been lifted in the Gulf?


41 posted on 02/25/2012 7:31:13 PM PST by Outlaw Woman (When does the shooting start?)
[ Post Reply | Private Reply | To 30 | View Replies]

To: thackney
thx again
42 posted on 02/25/2012 7:31:26 PM PST by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
[ Post Reply | Private Reply | To 36 | View Replies]

To: thackney
These are just some of the reasons gas prices are quite suddenly burning up your income.

_________________________________________

Iran is going to take over the world.

The refineries need maintenance

The speculators are doing it

We're running out of oil

We have plenty

Americans are driving less, so we need to raise prices

The Chinese have millions of mopeds to fuel

There is a leak in a pipe in Moose Jaw Alaska

A rodent chewed through a line at the main pump station in Texas.

Demand is down but we are producing more however, our refineries have been and are being shut down

Prices will go to 6.75, but 3 days before the election, Obama will lower prices to 1.40 to ensure reelection

A school of endangered blowfish have been sucked into a pipe, and it takes time to get them out.

Iran has nukes

Unstable markets worldwide.

A big refinery fire

A small refinery fire

A refinery fire could possibly happen

New gas additives are being developed to make Americans even more stupid

They forgot to build a pipe

They don’t like pipes

Rich liberals want the price even higher.

Obama hates the oil industry

The oil industry hates Obama and are hoping this kills his reelection

Liberals want everyone ridding donkeys and bicycles to work as a sacrifice for the planet

We moved more armaments to the gulf because Iran is taking over the world

Wild money printing and massive deficits

Americans love high gas prices

Refinery margins are tight…They hardly make any money at all.

43 posted on 02/25/2012 7:32:23 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
[ Post Reply | Private Reply | To 36 | View Replies]

To: dragnet2

Making up excuses is just fodder for the masses who are unwilling to learn how a market works.


44 posted on 02/25/2012 7:33:52 PM PST by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 43 | View Replies]

To: Deo volente

By spring oil will hit $110 per barrel.(FYI: there are 42 gallons of oil per barrel)If the Iranians close down the Starit of Hormuz oil might spike up to $160-170 per barrel.But most of the prices are due to good ole speculation.


45 posted on 02/25/2012 7:35:36 PM PST by U-238
[ Post Reply | Private Reply | To 1 | View Replies]

To: Deo volente

Walked through Costco today. People were visibly agitated. One young couple was having words about what to buy. Stopped and got gas for our two cars this week. In both instances, the pump read just under/a few dollars over $60 as I started my transaction.

Add in all the things made of plastics, oil-based whatever and transportation, and we are going to have something going on by summer that isn’t going to go well.

Please stock up on whatever you can. Anything heavy, get now if you can, to save on shipping. In the same Costco, I have watched the price of rice go up from $12 for a big bag three years ago to $17+ today.


46 posted on 02/25/2012 7:36:26 PM PST by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Deo volente
"....We could see $5 by April at this rate. What in the world is happening here?!...."

For just a moment...given that Barry has seriously pissed off the oil companies and seriously limited their profit potential by refusing to build a pipeline, refusing to allow domestic production, etc...

Is it a stretch to think that maybe, just maybe, the oil companies themselves are holding the prices high----precisely because THEY want the sonofabitch gone in November more than anyone else?

47 posted on 02/25/2012 7:37:20 PM PST by Victor (If an expert says it can't be done, get another expert." -David Ben-Gurion, the first Prime Minister)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Deo volente

Guess what, Americas largest export. FUEL! Others are will to pay more for fuel so its exported.


48 posted on 02/25/2012 7:38:00 PM PST by Orange1998
[ Post Reply | Private Reply | To 7 | View Replies]

To: thackney
I've included your reason!

These are just some of the reasons gas prices are quite suddenly burning up your income.

____________________________________

Iran is going to take over the world.

The refineries need maintenance

The speculators are doing it

We're running out of oil

We have plenty

Americans are driving less, so we need to raise prices

The Chinese have millions of mopeds to fuel

There is a leak in a pipe in Moose Jaw Alaska

A rodent chewed through a line at the main pump station in Texas.

Demand is down but we are producing more however, our refineries have been and are being shut down

Prices will go to 6.75, but 3 days before the election, Obama will lower prices to 1.40 to ensure reelection

A school of endangered blowfish have been sucked into a pipe, and it takes time to get them out.

Iran has nukes

Unstable markets worldwide.

A big refinery fire

A small refinery fire

A refinery fire could possibly happen

New gas additives are being developed to make Americans even more stupid

They forgot to build a pipe

They don’t like pipes

Rich liberals want the price even higher.

Obama hates the oil industry

The oil industry hates Obama and are hoping this kills his reelection

Liberals want everyone ridding donkeys and bicycles to work as a sacrifice for the planet

We moved more armaments to the gulf because Iran is taking over the world

Wild money printing and massive deficits

Americans love high gas prices

Refinery margins are tight…They hardly make any money at all.

The masses have no idea how free market works.

49 posted on 02/25/2012 7:38:27 PM PST by dragnet2 (Diversion and evasion are tools of deceit)
[ Post Reply | Private Reply | To 44 | View Replies]

To: Orange1998
Others are will to pay more for fuel so its exported.

Actually, it is being exported because we are making more than we use. Demand has fallen while the years of refinery upgrades and expansion finally passed it by. We are only running at ~83% capacity and still making more than we use.

50 posted on 02/25/2012 7:40:02 PM PST by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 48 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-100101-106 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson