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Gasoline at highest price ever for this time of year
nbcnews.com ^ | Feb. 1, 2013 | Sharon Epperson

Posted on 02/03/2013 8:48:27 AM PST by John W

U.S. drivers are now paying more to fill up their gas tanks than they ever have at this time of year.

The national average price of retail gasoline posted its biggest overnight increase in 23 months, rising four cents to $3.462 a gallon on Friday, according to AAA. The average price has risen 13 cents in the past week, a 4 percent jump.

"This is the highest price record for February 1st," says OPIS analyst Tom Kloza, who predicts the average price could reach $3.50 a gallon this weekend.

"Refinery issues and speculation about refinery issues has a lot of money betting on still higher prices," Kloza said.

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


TOPICS: Business/Economy; News/Current Events
KEYWORDS:

1 posted on 02/03/2013 8:48:29 AM PST by John W
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To: John W

Now that Obummer is in control I bet we will see $5.00 gas by the end of 2013.


2 posted on 02/03/2013 8:51:48 AM PST by ncfool (Obama's aMeriKa 2012 can we make it until 2016?)
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To: John W

Yep, this has been all over the news....or not.


3 posted on 02/03/2013 8:56:28 AM PST by lacrew (Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
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To: John W

Two reasons... First the US dollar continues to depreciate due to the Federal Reserve quantitative easings. Oil is priced in dollars so up the price. Second domestic production other than in North Dakota is down, refinery capacity hasn’t changes in decades, the EPA regulations on gasoline and refineries have long run amuck and a secure source of oil for the US with the Keystone pipeline has been stymied by Obama.


4 posted on 02/03/2013 8:57:41 AM PST by The Great RJ
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To: John W
Oooops!
NBC fell off the reservation.

They'll quickly get back in place and this bit of news will go down Winston's Memory Hole. Can't let the sheeple know what's really going on!

5 posted on 02/03/2013 8:58:34 AM PST by jeffc (The U.S. media are our enemy)
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To: John W

Thank you you Evil PONS Usurping in the White Hut...


6 posted on 02/03/2013 9:00:27 AM PST by GGpaX4DumpedTea (I am a Tea Party descendant...steeped in the Constitutional Republic given to us by the Founders.)
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To: John W

7 posted on 02/03/2013 9:01:18 AM PST by KC_Lion (Build the America you want to live in at your address, and keep looking up.-Sarah Palin)
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To: John W
up $.15 over two days last week...
8 posted on 02/03/2013 9:01:42 AM PST by Chode (Stand UP and Be Counted, or line up and be numbered - *DTOM* -ww- NO Pity for the LAZY)
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To: John W

Coming (back) soon? It's for the children, to protect us from scams, for our safety, for global warming, whatever.

9 posted on 02/03/2013 9:01:48 AM PST by P.O.E. (Pray for America)
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To: John W
“U.S. drivers are now paying more to fill up their gas tanks than they ever have at this time of year.”

“Under my plan, energy prices will necessarily skyrocket”—Bronco Bamma.

10 posted on 02/03/2013 9:02:17 AM PST by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: John W

Need to get those oil men out of the White House!


11 posted on 02/03/2013 9:03:03 AM PST by John W (Viva Cristo Rey!)
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To: ncfool
Now that Obummer is in control I bet we will see $5.00 gas by the end of 2013.

That was the plan. Force the prices to rise so we won't burn so much of it and we reduce our carbon footprint.

Hope and Change. Fundamental change.

I'd like to give 'em carbon footprint of my boot right where it will do the most good.

12 posted on 02/03/2013 9:03:08 AM PST by El Gato ("The second amendment is the reset button of the US constitution"-Doug McKay)
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To: John W

The election is over.


13 posted on 02/03/2013 9:05:01 AM PST by bmwcyle (People who do not study history are destine to believe really ignorant statements.)
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To: John W

If George Bush was in office it would be a total failure of the Administration.


14 posted on 02/03/2013 9:05:33 AM PST by mountainlion (Live well for those that did not make it back.)
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To: John W
If gas in these parts of Kalifornia was priced at the "national average", you'd have lines stretching for blocks.

We're about 40 cents above that.

15 posted on 02/03/2013 9:06:43 AM PST by ErnBatavia (Piffle....)
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To: El Gato
I'd like run over the bastard in a coal-fired, steam powered, one ton 4x4 pickup!
16 posted on 02/03/2013 9:11:42 AM PST by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: John W

$2.96 here in Montana.


17 posted on 02/03/2013 9:13:49 AM PST by Rennes Templar
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To: Beagle8U
Shoot, I forgot ‘smoke belching’.
18 posted on 02/03/2013 9:14:19 AM PST by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: John W

I filled up with $3.20 premium just three weeks ago, at a station with regular at $2.96. There was something of a minor gas war going on. This was Hess.

The wild spikes have been a unique feature of this economic environment since 2008. There is no price stability. There is nothing that has happened over the past week to warrant retail gas prices jumping forty cents a gallon. Nothing at all.

GS traders need their seven figure bonuses. They’ve been under recent criticism and scrutiny for speculation in ag commodities, thus driving up food prices leading to riots and near starvation in poorer parts of the world.

So, the vultures have alit upon oil futures once again, not that that explains retail spiking in such a pronounced way. In reality, it takes time for this sort of thing to filter through to reach retail.

But this isn’t reality. Oh, it’s real for people filling up their cars alright, but the rationalization behind it is fiction.

I wondered at the expenditure for digital LED gas price signs over the past few years, now I know. A ten cent or more swing between morning commute and lunch is the new normal.


19 posted on 02/03/2013 9:15:28 AM PST by RegulatorCountry
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To: RegulatorCountry

Yep. It went up $.42 in the past week here in Northern MO. I was stunned, to say the least. And, like many, asking why this week? What happened to warrant such a price spike? It just makes no sense.


20 posted on 02/03/2013 9:32:11 AM PST by Marie Antoinette (:)
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To: John W

Obama is happy, and isn’t that the important thing?


21 posted on 02/03/2013 9:59:56 AM PST by pallis
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To: John W

Well, now that it is not proper to complain about Homosexuals in power, just bend over and pay the price. If you have complaints, we will re-educate, er, give you sensitivity training...


22 posted on 02/03/2013 10:05:24 AM PST by American in Israel (A wise man's heart directs him to the right, but the foolish mans heart directs him toward the left.)
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To: John W

America voted for it, so they can wallow in it.


23 posted on 02/03/2013 10:13:55 AM PST by KC_Conspirator
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To: John W

Prices being connected to “supply and demand” have now been superseded by a world of “SPECULATIVE” driven propaganda.


24 posted on 02/03/2013 10:15:29 AM PST by VideoDoctor
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To: John W
The price here in southern New Hampshire has gone up 17 cents/gallon in the past week.

Hay, Bambi has his, screw the rest of us!

25 posted on 02/03/2013 11:15:24 AM PST by Redleg Duke ("Madison, Wisconsin is 30 square miles surrounded by reality.", L. S. Dryfus)
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To: John W
This was as obvious as the movement of the hands on a clock ( For those who can tell time on an analog clock).

The gradual price drop before the election until now (with the persuasion of the White House) was predictably going to sky rocket after the annointment of Czar B.O.!
26 posted on 02/03/2013 11:19:07 AM PST by leprechaun9
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To: John W

27 posted on 02/03/2013 1:30:06 PM PST by CowboyJay (Lowest Common Denominator 2012 - because liberty and prosperity were overrated)
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To: self

The hidden cost of “cheap” Chinese imports.


28 posted on 02/03/2013 1:32:15 PM PST by CowboyJay (Lowest Common Denominator 2012 - because liberty and prosperity were overrated)
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To: ErnBatavia

It went to $3.989 yesterday in Oceanside, CA


29 posted on 02/03/2013 1:52:03 PM PST by dalereed
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To: John W
Lately, every time I fill up, I see the person behind me got $10 or $15 worth of gas. People are buying just enough to get them where they need to be. I think this year is going to push a lot of people over the financial cliff.
30 posted on 02/03/2013 1:55:22 PM PST by riri (Plannedopolis-look it up. It's how the elites plan for US to live.)
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