_________________________________________
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.
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?