Skip to comments.Yikes, gas prices climb again (through the roof)
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 ...
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”?
Rush was wondering what happens when it hits $6.66 /gal.
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?!
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.
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.
Went up $.40 LAST NIGHT in my town.
The Wunnerful Wizzard of BOZ is keeping us home....
We’ll find out soon!
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...
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?
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
in my very best GWTW Scarlett voice . . . I hope oil and gas go sky high this year!!!!
anything to get Obamalamadingdong out of office
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.
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...
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.
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.
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?
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