Skip to comments.Stocks Plunge As Gas Prices Jump Again: Up 17 Cents Overnight in N.J.
Posted on 03/04/2011 9:42:39 AM PST by Mozilla
Oil prices around the world continued to soar today, buffeted by uncertainty in the Middle East. Crude oil futures hovered above $103 a barrel in New York this morning. In London trading, oil headed for its sixth weekly gain, according to Bloomberg News.
An oil facility in Libya was reportedly damaged and on fire, the Al Jazeera news channel reported today. Meanwhile, demonstrators continued to protest in Saudi Arabia, demanding the release of Shiite prisoners, according to CNN.
In the United States, how much pain at the pump drivers feel may depend on three factors: location, location, and location. In Orlando, Fla., two gas stations that are the closest to the airport, and across the street from each other, are selling regular at $5.29 and $5.19 a gallon.
Overnight the price gasoline went up 17 cents along the New Jersey Turnpike. This morning drivers saw the price jump from $3.08 yesterday to $3.25 today.
After the biggest one-week rise in oil prices in two years, weekly gas prices increased 6 percent this week, according to the Department of Energy. The national average is $3.38 per gallon, an increase of 19 cents over the previous week and 68 cents from the previous year. The average price in California, one of the most expensive states, is $3.72 per gallon. The least expensive gas is in the Rocky Mountain region: $3.18 a gallon.
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Save the cigarette for AFTER you leave the station, please! :D
That's the rental car "premium". I remember the last time I went through Orlando a few years ago. Much higher prices around the airport than in town.
Btw, gas here in my area of SoCal is at $3.93 and climbing.
I’ve got a call in to the FL DOT. I’ll let you all know what I hear back. There’s no way that’s right or legal.
It is oil prices going up because supply is less, markets pricing based on shortage and the dollar tanking in value.
Obama could care less what anyone thinks. He controls TV including Fox and thanks to idiots who watch TV - he is in charge.
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I believe it’s two stations near the Orlando airport. They might want to conserve supplies because they feel the price will go higher yet - and they can make a larger profit.
Typical higher than normal airport pricing to gouge the rental cars customers.
I’m glad that blue states that voted Obama are being the hardest hit by high gas prices. :)
Compound with inflation and then add a little touch of no more world reserve currency into the mix...and this is going to be party that will make history.
It is around $5 a gallon in Canada now. Currently $1.23 a litre at the corner gas place near me. Government taxes of course are the difference. Much higher up here.
Just check your local GasBuddy.com site. There is even a nice Android app for it. Saves time and money.
This station is around the corner from my office. I was looking forward to it opening at the time as there was no station nearby. But since day one its prices were outrageous. In all this time, I've purchased gas there ONCE and that was only because I was past empty. I bought ONE DOLLAR of gas and charged it :-)
I kid you not, last time gas was $4/gal, I once heard Marvin Gaye’s “Let’s Get It On” over the speaker while pumping.
It was rather surreal.
Great. I have interviews next week at the Software Giant.
At least I can ride a bicycle to work there.
Yeah, but not the kind of party where you spend the next day talking about how great it was.
This is the kind of party where you wake up handcuffed to a bedpost, soaked in your own urine and vomit, in a strange apartment on the wrong side of town, next to a horrifyingly ugly one-night stand.
And your wallet is missing.
Maybe we can have Bernanke do a QE 27 to further destroy the dollar to the value of bank run gravel.
Good luck! They have "Shuttle Connect" (or something like that) buses, vans and cars that seem to go all over, since campus parking is such a problem.
I wish I could ride my bicycle to work, but it's too dangerous out east of Redmond. When I lived in Woodinville I cycle-commuted.
My hubby just came home, I told him about this article and I asked if he noticed the price of gas on his way home. He said it was the same here as it was yesterday, $3.44.
Most of the blue states have blending requirements for their gasolines. There are something like 40 different blends sold in this country and they are made at specific refineries. So, a refinery in Benecia CA cannot make the blend that is required in Chicago or San Antonio.
Refineries are all at least 30 years old and are operating way above their designed capacities. Running the ragged edge. Add to the mix, the obama regime shut down all new drilling in the Gulf of Mexico and we have a very precarious situation.
The fix to all this is very simple, but it would require the govt to get out of the oil business.