thx again
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 ...
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.
That there has been wild money “printing” as well as massive deficit spending is true, but blaming the equally wild recent increase in the retail price of gasoline upon this is not at all accurate.
The dollar has been relatively stable vis-a-vis other currencies for over two years.
I’ve been under the impression that refinery capacity has been a problem, but that has been refuted on this thread.
That leaves sabre-rattling in Iran. Speculative excess in anticipation of a blockade at the Straits of Hormuz is the only explanation. Once the threat has been neutralized, there will be a price decline on par with that of 08 - 09. The demand is just not there, not here, not in Europe, not in Asia. We’re in worse economic shape, globally, than we were then. Domestic production has increased to the point that we’re a net exporter for the first time in, what, thirty, forty years?
Believe me, I will gladly pay $10 a gallon until November if it ensures the demise of the Magic Communist Negro.
The other problem California has different gasoline blends than the rest of the nation because of “air quality” rules.
Since we’re now a net exporter of refined gasoline, I wonder if it’s simply more profitable to ship it where the cost of gasoline to, say, European consumers, is much greater?
I wonder how the average American would react to a dozen refineries suddenly going offline for six months, resulting in the price of gasoline doubling?
Not production, only refining. We still import a huge amount of oil. We are a net exporter of refined products only.
Who the (blank) CARES what Europe does, or "thinks" of us? If they are so stupid as to tolerate $7 per gallon gas, more power to them, but we are not Europe. We're not nearly as densely populated as they are. THEY need trains and have them. We don't need passenger trains, and they're simply not practical for our population. High speed rail? Has nobody even asked how that would be possible? You can't legally plow through cities at 150 mph in a train. You have to go 30mph for safety regulations. And who the hell wants to go to Fresno in the first place, let alone on a train?
If Obama were a republican, you'd never hear the end of jokes about his intelligence.
$7 per gallon gas= astronomical costs for everything, for everyone. Poor and minorities hit hardest.
So basically it’s all speculative at this time?
???
The price of oil is high. Just like jewelry is expensive now due to the price of gold, the price of gasoline is driven by the world oil price.
The WTI to Cushing is the price quoted often for oil. But that is about $20 cheaper than most of the oil used in many of our refineries.
WTI is currently bottlenecked. There are multiple projects in the works to eliminate that, but it takes time.
There’s no way the majority of people will hold President Obama responsible for high gas prices.
They’ve been programed by the MSM to blame it on President Bush.
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