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?
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!
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What are you talking about?
That’s a dollar more than I’m paying!
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.
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?
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.
I consistently saw it a nickel cheaper than that in the late 1960s.
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?
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
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.
Americans love high gas prices - that’s why we keep voting for them.
So smile while you’re at the pump. :)
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
You got it exactly. Click the picture to go to the data source and you can see it in the months.
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.
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.
That picture looks like America, doesn’t it?
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!
Are you saying that the moratorium has been lifted in the Gulf?
thx again
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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.
Making up excuses is just fodder for the masses who are unwilling to learn how a market works.
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.
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.
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?
Guess what, Americas largest export. FUEL! Others are will to pay more for fuel so its exported.
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.
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.
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