http://www.freerepublic.com/tag/gasprices/ en-us Mon, 22 Jun 2009 09:28:33 GMT Focus Forum 15 http://www.freerepublic.com/focus/f-news/2276673/posts Gas prices rose last week by the smallest weekly increment since the beginning of May, according to AAA Auto Club South. The national average price of a gallon of gas was up by just three cents compared to the previous week. However, in Florida it was up by five cents a gallon to $2.71. Just a month ago the average price of a gallon of regular in Florida was $2.40. The average price was $2.77 in both Fort Lauderdale and Miami. In West Palm Beach, a gallon of regular unleaded is going for $2.80. The good news is that gasoline... S Florida Business Journal http://www.freerepublic.com/focus/f-news/2276673/posts#comment Mon, 22 Jun 2009 09:28:33 GMT http://www.freerepublic.com/focus/f-news/2275531/posts Unnoticed in the recent upheaval surrounding the fallout from the Iranian elections earlier this month has been how it could affect the price of oil, and therefore the price of gas. And according to Fox Business Network "Happy Hour" co-host Eric Bolling, the longer this goes, the more likely you'll see it at the gas pump. Bolling appeared on the Fox News Channel's "Your World with Neil Cavuto" on June 19 and explained how events in Iran, the world's fourth largest oil-producing nation, would have a lagging impact on the price at the pump. "Now think of this - it... NewsBusters http://www.freerepublic.com/focus/f-news/2275531/posts#comment Fri, 19 Jun 2009 22:43:36 GMT http://www.freerepublic.com/focus/f-news/2275420/posts Gasoline markets exhibited the first signs that an extended rally in pump prices is nearing an end after 52 straight days on the rise. Gasoline futures started falling midweek after a government report showed a huge surplus. Already, wholesale gasoline prices in key markets like the Gulf Coast and Chicago had begun to fade. Should prices continue to fall on the New York Mercantile Exchange, cheaper gas may be on the way for motorists. AP/GoogleNews http://www.freerepublic.com/focus/f-news/2275420/posts#comment Fri, 19 Jun 2009 19:41:05 GMT http://www.freerepublic.com/focus/f-news/2274252/posts Congress is debating a bill that would open up oil and natural gas platforms just ten miles from portions of Florida's Gulf and Atlantic coasts. It's putting pressure on state lawmakers to decide how close is too close to search for new energy sources. As it stands, oil and natural gas exploration is limited to dozens of miles away from Florida's beaches and some in the state worry that allowing access just ten miles away, in Federal waters, puts Florida at risk environmentally without any of the financial windfalls. WOKV http://www.freerepublic.com/focus/f-news/2274252/posts#comment Thu, 18 Jun 2009 10:46:57 GMT http://www.freerepublic.com/focus/f-news/2273928/posts "Demand has not picked up," says CEO Rex Tillerson. Exxon CEO Rex Tillerson says a weakened dollar, not an increase in demand is the reason for the sharp run up in the price of oil. “When you look at just fundamentals, there’s not a lot to support the kind of price movement we have seen, let’s say, in the last six weeks,” Tillerson, head of the world’s biggest oil company, said after a speech today at a gas conference in Groningen, Netherlands. Concerns about a weakening dollar and inflation had led some investors to bet on an economic recovery and... The Business Insider http://www.freerepublic.com/focus/f-news/2273928/posts#comment Wed, 17 Jun 2009 22:33:18 GMT http://www.freerepublic.com/focus/f-news/2272016/posts “I’m a free-market guy, but the government must step in to stop the speculators!” ~ Bill O’Reilly, The O’Reilly Factor Crude oil prices have now doubled this year to over $70 a barrel, and gasoline prices are moving back up quickly, and have even hit $3.00 a gallon in California. American consumers are getting restless again, worried that gas prices might return to $4 or more in the near future, and all this is happening at a time when Americans can least afford it. Why would gas prices rise in the midst of a deep recession and high unemployment? It... Human Events http://www.freerepublic.com/focus/f-news/2272016/posts#comment Mon, 15 Jun 2009 13:07:34 GMT http://www.freerepublic.com/focus/f-news/2271454/posts There are several studies that prove this. UCSB's study is rather bold right up front in it's findings: Next time you step on a glob of tar on a beach in Santa Barbara County, you can thank the oil companies that it isn't a bigger glob. That's pretty clear, isn't it? There's a study out there from the US Government which has taken note of seepages and compared them with leaks that happen from offshore oil rigs and notes that rigs leak less than the ocean floor does. The Brits have also noticed the positive benefits of offshore riggery, though... http://www.freerepublic.com/focus/f-news/2271454/posts#comment Sun, 14 Jun 2009 11:31:12 GMT http://www.freerepublic.com/focus/f-news/2270649/posts This week (June 8-12) I was interviewed by several media sources regarding my thoughts on oil and the direction of gas prices at the pump. These are a few of the questions I was asked and how I responded. Question: What happened in the last month that's prompted this increase in gas price -- and oil price for that matter? Commodity News Center http://www.freerepublic.com/focus/f-news/2270649/posts#comment Fri, 12 Jun 2009 20:59:44 GMT http://www.freerepublic.com/focus/f-bloggers/2270480/posts 2009-Jan 01/05 173.7 01/12 183.5 01/19 189.8 01/26 189.0 2009-Feb 02/02 194.4 02/09 197.8 02/16 201.6 02/23 196.3 2009-Mar 03/02 198.8 03/09 199.3 03/16 196.4 03/23 201.4 2009-Apr 04/06 209.0 04/13 210.4 04/20 211.2 04/27 210.2 2009-May 05/04 212.9 05/11 229.0 05/18 236.0 05/25 248.5 2009-Jun 06/01 257.2 06/08 267.3 sourceYou may notice that the average retail price of gas that President Obama inherited was around $1.89. Five months into the Obama presidency, the price has increased by 41%. The price spikes of 2008 brought calls for nationalization of the oil industry by a handful of Democrats, but at... Nuke Gingrich http://www.freerepublic.com/focus/f-bloggers/2270480/posts#comment Fri, 12 Jun 2009 16:37:04 GMT http://www.freerepublic.com/focus/f-news/2269323/posts Predictions of $250 a barrel on fears for oil reserves, hopes of economic recovery and hedging against weak dollar The price of oil burst through the $71 a barrel mark today amid revelations that proven reserves had fallen for the first time in 10 years and predictions that the price could eventually hit $250. The latest high – from lows of $30 only four months ago – came on the New York Mercantile Exchange, where the cost of July deliveries rose by $1.35 to $71.36. This comes on top of a $2 rise the day before as investors rushed into... Guardian http://www.freerepublic.com/focus/f-news/2269323/posts#comment Thu, 11 Jun 2009 05:14:59 GMT http://www.freerepublic.com/focus/f-news/2268588/posts But "as oil prices rise, so will big oil companies' profits, creating more importance to pass the legislation," said Daniel J. Weiss, director of climate strategy at the liberal Center for America Progress. Mr. Weiss added that higher oil and gas prices will soon return to the forefront of the climate and energy debate, helping to push legislation through the House. At the same time, higher oil and gas prices are likely to slow the economy's eventual revival. Energy Secretary Steven Chu warned last week that gasoline prices in the $3-a-gallon range could require the Organization of Petroleum Exporting Countries... The Washington Times http://www.freerepublic.com/focus/f-news/2268588/posts#comment Wed, 10 Jun 2009 09:40:08 GMT http://www.freerepublic.com/focus/f-news/2267702/posts HOUSTON — After just a few months of relief at the pump, cheap gasoline is disappearing. Gas prices have risen 41 days in a row, to a national average of almost $2.62 a gallon. That is sharp increase from the low of $1.62 a gallon that prevailed at end of last year. Refinery problems are producing especially high prices in the Midwest, a region that was already reeling from the economic crisis. Michigan, the state with highest unemployment rate, at 12.9 percent, is now paying the highest gasoline prices, averaging $2.93 a gallon. The national jump in prices, far larger... New York Times http://www.freerepublic.com/focus/f-news/2267702/posts#comment Tue, 9 Jun 2009 02:23:31 GMT http://www.freerepublic.com/focus/f-news/2266872/posts Potholes? Faded road stripes? Downed signs or faulty traffic lights? Too bad; take a number, and drive carefully. Among Gov. Arnold Schwarzenegger's proposals for closing the state's $24 billion budget deficit is to redirect gas-tax away from cities and counties to pay debt service on state highway bonds — draining $744 million from local government coffers in the next fiscal year and $745 million in the year after that. "It'll have a devastating effect here," said Alameda County's Public Works Director Daniel Woldesenbet. "This isn't just a public works issue, but a public safety issue." Woldesenbet said his agency stands... Oakland Tribune http://www.freerepublic.com/focus/f-news/2266872/posts#comment Mon, 8 Jun 2009 01:05:14 GMT http://www.freerepublic.com/focus/f-news/2266082/posts Oil prices broke through the $70 per-barrel barrier Friday and more forecasters are broadening expectations for an upward swing in crude. Benchmark crude for July delivery lost 37 cents to settle at $68.44 on the New York Mercantile Exchange, finishing the week with a gain of nearly $2 a barrel. Earlier in the day oil jumped as high as $70.32 per barrel, the highest since October. Oil prices have been soaring for months despite a massive surplus of petroleum and natural gas. A large amount of speculative money has flowed into the markets, according to government reports, potentially taking advantage... AP, via Yahoo! Finance http://www.freerepublic.com/focus/f-news/2266082/posts#comment Sat, 6 Jun 2009 11:45:02 GMT http://www.freerepublic.com/focus/f-news/2259984/posts NEW YORK -- Oil prices rose above $65 per barrel Thursday as OPEC maintained crude production levels as expected and a pair of economic reports suggested an economic rebound may push energy prices higher. Benchmark crude for July delivery added $1.56 to reach $65.01 a barrel on the New York Mercantile Exchange, a six-month high. In London, Brent prices gained $1.80 to $64.30 a barrel on the ICE Futures exchange. Retail gas prices have shadowed oil prices, ticking higher every day this month. Gas prices are not only rising because of crude. Refiners, stung by falling demand for gasoline, have... Miami Herald http://www.freerepublic.com/focus/f-news/2259984/posts#comment Thu, 28 May 2009 18:14:03 GMT http://www.freerepublic.com/focus/f-news/2250098/posts Crude rises as U.S. inventories fall unexpectedly By Moming Zhou & Nick Godt, MarketWatch NEW YORK (MarketWatch) -- Crude-oil futures were slightly higher Wednesday, with gains capped as investors looked past a surprising decline in last week's U.S. crude inventories and focused instead on weak demand and lower refinery production levels. The decline in crude inventories was not driven by higher demand but by lower imports, Energy Information Administration data showed. Meanwhile, the decline in gasoline inventories was driven by lower production, with refineries reducing their utilization level to the lowest since September. Total petroleum consumption was still markedly lower... Market Watch http://www.freerepublic.com/focus/f-news/2250098/posts#comment Wed, 13 May 2009 16:58:35 GMT http://www.freerepublic.com/focus/f-news/2247565/posts If you want to know when the economy is making a comeback, keep a watchful eye on the frequency of high oil and gas price reports in the news. Throughout 2007 and the first half of 2008, viewers were inundated with high gas and oil price reports on cable and broadcast news. But since hitting $147 back in July 2008, oil prices have plummeted into the low-$40 range mid-January and so has the frequency of doom-and-gloom oil warnings. However, crude has since rallied into the upper-$50s. And, as crude has rallied, predictions of oil hitting unfathomable heights appear to be... NewsBusters http://www.freerepublic.com/focus/f-news/2247565/posts#comment Sat, 9 May 2009 15:11:24 GMT http://www.freerepublic.com/focus/f-news/2246489/posts WASHINGTON (Dow Jones)--The Obama administration is sticking with a plan to raise about $5 billion over 10 years through a new excise tax on oil and gas production in the Gulf of Mexico out of its proposed fiscal 2010 budget, a senior administration official said Thursday. The comment came after the White House released new details of a budget that showed it is also sticking with other plans to eliminate $26 billion in tax breaks for oil and gas companies. Half of that would come from eliminating a tax break for domestic oil and gas production. Companies say the tax... WSJ http://www.freerepublic.com/focus/f-news/2246489/posts#comment Thu, 7 May 2009 23:20:34 GMT http://www.freerepublic.com/focus/f-news/2240235/posts ON EARTH DAY last week, Consumer Reports offered recommendations to motorists looking for ways to make "greener automotive choices." At the top of its list: "drive a more fuel-efficient car or SUV." Consumer Reports wasn't the only one making that suggestion. In an Earth Day proclamation, President Obama advised Americans to "drive fuel-efficient cars" and stressed his own commitment "to increasing fuel economy standards" as part of a campaign to "reduce greenhouse gases" and "lessen our dependence on foreign oil." The editors of National Geographic, fielding questions online, heard from one reader troubled by the fact that "transportation is our... Boston Globe http://www.freerepublic.com/focus/f-news/2240235/posts#comment Wed, 29 Apr 2009 09:47:58 GMT http://www.freerepublic.com/focus/f-news/2238459/posts OPEC wants to see oil prices rising to more than 70 dollars a barrel, the oil cartel's secretary general Abdalla El-Badri said Sunday. "The price of 50 dollars is not enough to cover investment costs for the future," El-Badri told reporters in Algiers. "The price which allows reasonable and acceptable revenues is more than 70 dollars a barrel," he added. Breitbart.com http://www.freerepublic.com/focus/f-news/2238459/posts#comment Mon, 27 Apr 2009 01:38:02 GMT http://www.freerepublic.com/focus/f-news/2238017/posts TESTIFYING before the House Energy and Commerce Committee last week, Energy Secretary Steven Chu was asked about something he said in September. "Somehow," the Nobel laureate had told The Wall Street Journal, "we have to figure out how to boost the price of gasoline to the levels in Europe." At the time, gasoline in Europe was going for around $8 a gallon. Did the secretary, Florida Representative Cliff Stearns inquired, still want to see US gas prices rise that high? "In today's economic climate," Chu quickly replied, "it would be completely unwise to want to increase the price of gasoline.... Boston Globe http://www.freerepublic.com/focus/f-news/2238017/posts#comment Sun, 26 Apr 2009 10:15:49 GMT http://www.freerepublic.com/focus/f-chat/2235837/posts In recent months, oil prices plunged as consumers curtailed fuel use around the world, with some analysts predicting that the dire economic situation would cause oil to fall to $20 a barrel or less. But in a twist, oil prices have stabilized at close to $50 a barrel. While prices may have fallen by two-thirds since their peak last summer, oil remains expensive by historical standards. The resilience shown by the oil markets is not because of any improvement in the global economy or rise in oil consumption. Global demand remains on course for its steepest drop since the early... Search All NYTimes.com http://www.freerepublic.com/focus/f-chat/2235837/posts#comment Thu, 23 Apr 2009 06:40:55 GMT http://www.freerepublic.com/focus/f-news/2233400/posts Texas oil billionaire T. Boone Pickens on Monday reiterated his prediction that crude oil prices would hit $75 a barrel this year as producers scale back production. Pickens said about OPEC producers: "They told you they want $75 by the end of the year, I would count on that, I believe them." Reuters http://www.freerepublic.com/focus/f-news/2233400/posts#comment Mon, 20 Apr 2009 14:56:15 GMT http://www.freerepublic.com/focus/f-news/2231850/posts KING: We're back with Donald Trump. His book, "Think Like a Champion," ... TRUP: When the economy starts getting better, you will have an OPEC problem. They'll just start raising the price of oil again and destroy the economy... I also happen to think that $150 oil destroyed the world economically. And as soon as the world comes back, OPEC will raise its ugly head and destroy it again. So somebody better sit -- and I hope it's our president -- somebody better sit down with OPEC right now and say, "Listen, we're going to straighten this mess out, but... cnn http://www.freerepublic.com/focus/f-news/2231850/posts#comment Fri, 17 Apr 2009 22:52:58 GMT http://www.freerepublic.com/focus/f-news/2231594/posts WASHINGTON (AP) - A federal appeals court ruled Friday that the Bush administration did not properly study the environmental impact of expanding oil and gas drilling off the Alaska coast and canceled a program to find new reserves. A three-judge panel in Washington found that the Bush-era Interior Department failed to consider the effect on the environment and marine life before it began the process in August 2005 to expand an oil and gas leasing program in the Beaufort, Bering, and Chukchi seas. The appeals court ordered the department, now run by President Barack Obama's appointee Ken Salazar, to analyze... Associated Press http://www.freerepublic.com/focus/f-news/2231594/posts#comment Fri, 17 Apr 2009 17:15:53 GMT