Gas Prices?

[drillsgt]

Did I wake up and miss a refinery explosion or another scare in the middle east? Gas is now $4.25 here in Greenfield.

 

[Indy_Guy_77]

Co-worker just said that it went up here on Indy's east side, too. Same price.

 

[Ripper]

Same here in fort wayne... F'ing BS, I remember the big O saying that things were stabilizing and that we were going to be seeing lower gas prices over time...

 

[digitalphoenix]

Same here in fort wayne... F'ing BS, I remember the big O saying that things were stabilizing and that we were going to be seeing lower gas prices over time...

He also said that health care was going to be cheaper too.

 

[shibumiseeker]

The drill baby, drill folks got their way and the US is pumping ever more crude of its own, but it needs the high prices to sustain so Haliburton et. al. can make their profits with the higher domestic production costs.

 

[teddy12b]

A month from now we'll look at $4.25 as a bargain.

 

[GodFearinGunTotin]

Last week while in Tennessee, I saw gas prices as low as $3.19. I'll text my brother and see what it's going for now.

 

[smokingman]

Gas prices near $4; refinery shutdown blamed - Beloit Daily News: News
Oil refinery maintenance in the Midwest is being cited as the reason gasoline prices have soared to nearly $4 per gallon in Wisconsin and Illinois.
USA National Gas Price Heat Map - GasBuddy.com

Here in Minnesota refinery shut downs have had gas over $4.00 a gallon for more than 3 weeks.We had the highest prices in the nation for 2 weeks of that averaging over $4.28 a gallon.

 

[spec4]

Was in Chicago yesterday. Highest price was $4.51.

 

[Denny347]

Not everything is what it seems.


InflationData: Gasoline Inflation

The Truth About Why Gas Prices Are Rising So High

 

[chraland51]

Seems like no one listened to O'Bummer when he was campaigning the first time. He said that the price of gasoline needed to jump to $5/gallon, but just not too fast. This was that people would drive less and he and his minions would be able to modify our behaviors to something more resembling that of a socialized society and get over our love with our automobiles. He actually wants us to live in dimly lit little mud dark huts that are steambaths in the summer and freezers in the winter and to not visit the hospital when we become deathly ill. This, however, is not the life style that he or his buddies or any of the Washington politicians will have to endure. Have you noticed that the oil companies are not even bothering to lie to us about these overnite steep jumps in gasoline prices. At least they used to tell us that it was due to a hurricane in Indonesia or the EPA's regulations that caused it.

 

[mainjet]

Gas prices near $4; refinery shutdown blamed - Beloit Daily News: News
Oil refinery maintenance in the Midwest is being cited as the reason gasoline prices have soared to nearly $4 per gallon in Wisconsin and Illinois.
USA National Gas Price Heat Map - GasBuddy.com

There is always an excuse. The busy season is always the best time to shut down and do maintenance right?

 

[smokingman]

There is always an excuse. The busy season is always the best time to shut down and do maintenance right?

This while last month we exported more refined petroleum products than at any point in history.Our number one export is diesel/fuel oil,followed closely by gasoline.

Why yes high demand means we should take refineries off line for maintenance.

 

[Bennettjh]

$4.25 at some stations in Columbus.

 

[PapaScout]

$4.25 in downtown Indy, as well. I filled up last night at $3.99 a gallon. Quite the bargain...

 

[indykid]

Not trying to start anything about anyone making a profit as I am a firm believer in capitalism, but I would like to know where that extra 40 cents a gallon is going. Anyone know? And not the break down of the price of a gallon, but specifically the 40 cents it has gone up between last week and today. Thanks.

 

[drillsgt]

Not trying to start anything about anyone making a profit as I am a firm believer in capitalism, but I would like to know where that extra 40 cents a gallon is going. Anyone know? And not the break down of the price of a gallon, but specifically the 40 cents it has gone up between last week and today. Thanks.

It was just a few weeks ago we got down to around the high 3.50's, inflation can explain the rise over time but .60 cents in a couple weeks I don't think is related to the value of the dollar like the articles Kut posted. That's another 12.00 to fill my tank, if you have a bigger vehicle or truck it's got to be ridiculous.

 

[KLB]

Don't forget the tornados. Those make good excuses to raise prices too.

 

[GodFearinGunTotin]

It was just a few weeks ago we got down to around the high 3.50's, inflation can explain the rise over time but .60 cents in a couple weeks I don't think is related to the value of the dollar like the articles Kut posted. That's another 12.00 to fill my tank, if you have a bigger vehicle or truck it's got to be ridiculous.

I was about to post the same thing. No doubt dollar valuation has a long term effect but it doesn't explain $.60/gal difference between geographic regions nor does it explain price spikes like what these.

 

[Redtbird]

Question: Why have gas prices jumped so much in the past week?

Answer: Because "Big Oil" wanted them to jump.


It's call Supply and Demand. The oil companies have the Supply and can Demand what price we pay for it!