- Status
Londo_Jowo
Lifer
OMG!!!!! The end of the world is coming. I had to pay over $3 for my gas this morning, first time since the end of last year.
Got another 30 cent jump last night.
Now almost $4 here with most stations around $3.75 to $3.79
Must be well over $4 in Chicago now.
Edit: yep, looks like around $4.29 with a few at $4.39
Will easily pass $5 and beyond this year.
Now almost $4 here with most stations around $3.75 to $3.79
Must be well over $4 in Chicago now.
Edit: yep, looks like around $4.29 with a few at $4.39
Will easily pass $5 and beyond this year.
Last edited:
Londo_Jowo
Lifer
Color me surprised not
The Oil Thugs cheating the law to raise U.S. Gas prices
Americans are enjoying getting screwed over and going to get screwed over more than ever this year and going forward.
3-6-2014
http://finance.yahoo.com/news/bp-splitter-refinery-seen-skirting-150836292.html
BP Splitter Refinery Seen Skirting U.S. Oil Export Ban
The oil industry is pressuring President Barack Obama to end the 41-year-old ban on most crude exports. BP Plc (BP/) isn't waiting for a decision.
The British oil giant has signed on to take at least 80 percent of the capacity of a new $360 million mini-refinery in Houston that will process crude just enough to escape restrictions on sales outside the country.
Amid a flood of new U.S. oil, the demand for simple, one-step plants capable of transforming raw crude into exportable products such as propane is feeding a construction boom along the Gulf Coast.
Oil Glut
For producers such as BP and ConocoPhillips, the plants help solve one of the more vexing challenges of newly abundant oil in the U.S.: the more they produce, the cheaper it gets. That's because of energy policies that prevent them from selling their crude to overseas markets, while applying no such limits to products that are processed in refineries, such as gasoline or diesel.
The result is that refiners so far have reaped the greatest rewards of the U.S. oil renaissance, exporting record amounts of gasoline while the drillers who created the boom have been forced to contend with a glut of unrefined oil and depressed prices.
The Oil Thugs cheating the law to raise U.S. Gas prices
Americans are enjoying getting screwed over and going to get screwed over more than ever this year and going forward.
3-6-2014
http://finance.yahoo.com/news/bp-splitter-refinery-seen-skirting-150836292.html
BP Splitter Refinery Seen Skirting U.S. Oil Export Ban
The oil industry is pressuring President Barack Obama to end the 41-year-old ban on most crude exports. BP Plc (BP/) isn't waiting for a decision.
The British oil giant has signed on to take at least 80 percent of the capacity of a new $360 million mini-refinery in Houston that will process crude just enough to escape restrictions on sales outside the country.
Amid a flood of new U.S. oil, the demand for simple, one-step plants capable of transforming raw crude into exportable products such as propane is feeding a construction boom along the Gulf Coast.
Oil Glut
For producers such as BP and ConocoPhillips, the plants help solve one of the more vexing challenges of newly abundant oil in the U.S.: the more they produce, the cheaper it gets. That's because of energy policies that prevent them from selling their crude to overseas markets, while applying no such limits to products that are processed in refineries, such as gasoline or diesel.
The result is that refiners so far have reaped the greatest rewards of the U.S. oil renaissance, exporting record amounts of gasoline while the drillers who created the boom have been forced to contend with a glut of unrefined oil and depressed prices.
MagickMan
Diamond Member
- Aug 11, 2008
- 7,460
- 3
- 76
More lies, the average is still substantially below $4 in Chicago, and trending down. McOwned the liar strikes again.
http://www.chicagogasprices.com/
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I like this guy.
3-6-2014
http://www.businessweek.com/article...to-justify-keystone-is-silly?campaign_id=yhoo
Keystone Pipeline Would Be too Little, too Late for Ukraine Crisis
By Matthew Philips
Amid the chaos in Ukraine and the debate over how to respond, if you listen closely you can hear the din of another, seemingly unrelated debate: the one over the Keystone XL pipeline. Such conservatives as Sarah Palin are increasingly using Russias incursion into Crimea as a way to bludgeon President Obama for his failure to approve the pipeline that, if built, would bring 830,000 barrels a day of heavy crude from Western Canada into the U.S.
Their logic goes something like this: If Keystone were approved, the U.S. could further reduce its imports of oil from hostile, unstable parts of the world and begin exporting oil to Europe, which currently relies on Russia for about a third of its crude supply. In turn, that would serve to lower oil prices by bringing more of it to market (instead of leaving it stuck in Albertas tar-sands), which would ultimately be bad news for Russias petro-based economy.
This argument is tenuous at bestone that relies on some broad assumptions that, even if they do come to pass, are years down the road.
At worst, its a politically motivated simplification of a complex issue that will have next-to-no impact on the fortunes of Russia or Europe. In other words, its wrong.
Keystone would move only 830,000 barrels of oil a day. The world uses about 92 million barrels a day. Increasing the supply by less than 1 percent isnt going to do much to prices.
There are lot of reasons to approve Keystone, (and plenty more not to) but to argue that going ahead would help save Europe from Russias grasp isnt close to being one of them.
3-6-2014
http://www.businessweek.com/article...to-justify-keystone-is-silly?campaign_id=yhoo
Keystone Pipeline Would Be too Little, too Late for Ukraine Crisis
By Matthew Philips
Amid the chaos in Ukraine and the debate over how to respond, if you listen closely you can hear the din of another, seemingly unrelated debate: the one over the Keystone XL pipeline. Such conservatives as Sarah Palin are increasingly using Russias incursion into Crimea as a way to bludgeon President Obama for his failure to approve the pipeline that, if built, would bring 830,000 barrels a day of heavy crude from Western Canada into the U.S.
Their logic goes something like this: If Keystone were approved, the U.S. could further reduce its imports of oil from hostile, unstable parts of the world and begin exporting oil to Europe, which currently relies on Russia for about a third of its crude supply. In turn, that would serve to lower oil prices by bringing more of it to market (instead of leaving it stuck in Albertas tar-sands), which would ultimately be bad news for Russias petro-based economy.
This argument is tenuous at bestone that relies on some broad assumptions that, even if they do come to pass, are years down the road.
At worst, its a politically motivated simplification of a complex issue that will have next-to-no impact on the fortunes of Russia or Europe. In other words, its wrong.
Keystone would move only 830,000 barrels of oil a day. The world uses about 92 million barrels a day. Increasing the supply by less than 1 percent isnt going to do much to prices.
There are lot of reasons to approve Keystone, (and plenty more not to) but to argue that going ahead would help save Europe from Russias grasp isnt close to being one of them.
3-7-2014
http://finance.yahoo.com/news/oil-rises-solid-gain-us-211847180.html
Oil rises on solid gain in US hiring; gasoline up
Oil rises on better than expected hiring figures in US; gasoline rises to $3.48 a gallon
7 Comments
anonymous 2 hours ago 0
0
"Oil rises on better than expected hiring figures in US; gasoline rises to $3.48 a gallon" So maybe there might be just a little extra money to put into the economy now, now that more people are working, but God forbid this little bit of extra money be put into other aspects of the economy than the oil industry! Every oil speculator needs to be taken to a firing range and done away with! America is ruined because of these useless #$%$!!
ronald 2 hours ago 0
1
"The brutal winter weather didn't faze U.S. employers, who added 175,000 jobs, far more than the two previous months."...." but that was because more people grew optimistic about their job prospects and began seeking work." I don't get it, two months of low hiring and people feel optimistic about their chances of finding a job and decide to go out and look for work. Why did they feel optimistic? This is just media BS, if they are trying to help improve Obama's image or justify the increase in gas prices they've lost me. None of this article makes any sense at all.
leon p 3 hours ago 0
1
Now why did the price of oil rise? This was a worthless article with a lot of words, which say absolutely nothing. The real truth is the price of oil was raised because of greed by the tightly controlled energy elites in the U.S. and the Middle East. The oil barons were just looking for a reason to raise prices. The U.S. government and global market leaders need to put some emphasis on this group, because they are hurting ordinary people. The politicians on Capitol Hill are in bed with the energy sector lobbyists. When was the last time any meaningful legislation was introduced in opposition to the price gouging in the energy sector? That is the real story, write about this issue Mr Reporter.
Alan 4 hours ago 0
4
This is nothing but plain bull chit. WHERE'S the price and demand? Now it's employment, unemployment, the rise of the dollar, the decline of the dollar, a war here, a war there, a hurricane, someone MIGHT blow up a pipeline, the KING might fart downwind. Anything and I mean ANYTHING to raise the price of oil. When oil goes up everything follows suit. But when it goes down everything else does NOT follow suit. Take it off the commodities market where it CAN'T be bid on by Wall St hacks who ONLY see dollar signs $$$$$. Did you know that Wall St has a $10-$15 dollar fee on a barrel of oil? It's called the "FEAR FACTOR". Like I said ANYTHING to raise the price.
Collapse Replies (2) Reply
0
Another BS article to raise oil prices further. Nationwide $3.48 my #$%$ as I am already paying $3.80 a gallon in my area and the truckers are paying $4.40 a gallon for diesel and that means that goods will be going up more to pay for transportation costs. This country would be a whole lot better off if the Oil Traders fell off the face of the earth.
Brent 2 hours ago 0
1
Greed and Manipulation is the Name of the Wall Tards Oil Skin Game.
More
Reply
traffic 2 hours ago 0
0
yes we must raise the prices with more working, we will be leaving money on the table. when the min wage goes up we cand add another .50 gallon. yeah baby more money.
More
Reply
http://finance.yahoo.com/news/oil-rises-solid-gain-us-211847180.html
Oil rises on solid gain in US hiring; gasoline up
Oil rises on better than expected hiring figures in US; gasoline rises to $3.48 a gallon
7 Comments
anonymous 2 hours ago 0
0
"Oil rises on better than expected hiring figures in US; gasoline rises to $3.48 a gallon" So maybe there might be just a little extra money to put into the economy now, now that more people are working, but God forbid this little bit of extra money be put into other aspects of the economy than the oil industry! Every oil speculator needs to be taken to a firing range and done away with! America is ruined because of these useless #$%$!!
ronald 2 hours ago 0
1
"The brutal winter weather didn't faze U.S. employers, who added 175,000 jobs, far more than the two previous months."...." but that was because more people grew optimistic about their job prospects and began seeking work." I don't get it, two months of low hiring and people feel optimistic about their chances of finding a job and decide to go out and look for work. Why did they feel optimistic? This is just media BS, if they are trying to help improve Obama's image or justify the increase in gas prices they've lost me. None of this article makes any sense at all.
leon p 3 hours ago 0
1
Now why did the price of oil rise? This was a worthless article with a lot of words, which say absolutely nothing. The real truth is the price of oil was raised because of greed by the tightly controlled energy elites in the U.S. and the Middle East. The oil barons were just looking for a reason to raise prices. The U.S. government and global market leaders need to put some emphasis on this group, because they are hurting ordinary people. The politicians on Capitol Hill are in bed with the energy sector lobbyists. When was the last time any meaningful legislation was introduced in opposition to the price gouging in the energy sector? That is the real story, write about this issue Mr Reporter.
Alan 4 hours ago 0
4
This is nothing but plain bull chit. WHERE'S the price and demand? Now it's employment, unemployment, the rise of the dollar, the decline of the dollar, a war here, a war there, a hurricane, someone MIGHT blow up a pipeline, the KING might fart downwind. Anything and I mean ANYTHING to raise the price of oil. When oil goes up everything follows suit. But when it goes down everything else does NOT follow suit. Take it off the commodities market where it CAN'T be bid on by Wall St hacks who ONLY see dollar signs $$$$$. Did you know that Wall St has a $10-$15 dollar fee on a barrel of oil? It's called the "FEAR FACTOR". Like I said ANYTHING to raise the price.
Collapse Replies (2) Reply
-
Brent 2 hours ago 0
1
Until the Big Banks are forced out of commodity trading Alan, nothing is ever going to change. Traders have a great scam going in the trading of oil futures and nobody will do anything about it.
More
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Alan 2 hours ago 0
0
Brent: so very true. We know by policy that the republicans won't do anything to correct this, the democrats as inept as they are, are at least trying to get rid of the $40 billion dollars plus in subsidies to big oil. Until we get people in office that see this going on to DO something about it, it will never change. Oil didn't go on the market till the mid 70's and it an be taken off as well
0
Another BS article to raise oil prices further. Nationwide $3.48 my #$%$ as I am already paying $3.80 a gallon in my area and the truckers are paying $4.40 a gallon for diesel and that means that goods will be going up more to pay for transportation costs. This country would be a whole lot better off if the Oil Traders fell off the face of the earth.
Brent 2 hours ago 0
1
Greed and Manipulation is the Name of the Wall Tards Oil Skin Game.
More
Reply
traffic 2 hours ago 0
0
yes we must raise the prices with more working, we will be leaving money on the table. when the min wage goes up we cand add another .50 gallon. yeah baby more money.
More
Reply
This is interesting, U.S. releasing oil for the halibut.
3-12-2014
http://finance.yahoo.com/news/exclusive-u-plans-5-million-143503789.html
U.S. plans up to 5 million-barrel release from crude oil reserve
The U.S. Department of Energy plans to shortly release up to 5 million barrels of crude oil from the Strategic Petroleum Reserve, a government source said on Wednesday.
The release would be a test sale, essentially to check the operational capabilities of the reserve system's infrastructure, the source said. The exact timing of the release is unclear.
The most recent release from the reserve was in 2011, in response to the civil war in Libya, when the Energy Department authorized a tap of 30 million barrels in coordination with the EU, which tapped a similar amount from its reserves.
3-12-2014
http://www.marketwatch.com/story/cr...d-us-inventories-2014-03-12?amp;siteid=yhoof2
Oil under $100 on supply jump, SPR release report
Oil futures fell on Wednesday, trading below $100 a barrel following a jump in U.S. crude inventories that was nearly three times more than the market expected and a report that the U.S. plans a test sale of oil from its Strategic Petroleum Reserve.
In its weekly report, the Energy Information Administration said crude stockpiles jumped 6.2 million barrels for the week ended March 7. Analysts polled by Platts were looking for a climb of 2.3 million barrels. American Petroleum Institute had reported late Tuesday an increase of 2.6 million barrels in crude supplies.
The data was in solid favor of the bear camp, with the crude supply increase extending the consecutive builds streak to seven weeks, said John Macaluso, research analyst at Tyche Capital Advisors.
Macaluso said it was very unclear why the government would plan a sale of SPR oil, and there seems to be no hard rational at this point.
3-12-2014
http://finance.yahoo.com/news/exclusive-u-plans-5-million-143503789.html
U.S. plans up to 5 million-barrel release from crude oil reserve
The U.S. Department of Energy plans to shortly release up to 5 million barrels of crude oil from the Strategic Petroleum Reserve, a government source said on Wednesday.
The release would be a test sale, essentially to check the operational capabilities of the reserve system's infrastructure, the source said. The exact timing of the release is unclear.
The most recent release from the reserve was in 2011, in response to the civil war in Libya, when the Energy Department authorized a tap of 30 million barrels in coordination with the EU, which tapped a similar amount from its reserves.
3-12-2014
http://www.marketwatch.com/story/cr...d-us-inventories-2014-03-12?amp;siteid=yhoof2
Oil under $100 on supply jump, SPR release report
Oil futures fell on Wednesday, trading below $100 a barrel following a jump in U.S. crude inventories that was nearly three times more than the market expected and a report that the U.S. plans a test sale of oil from its Strategic Petroleum Reserve.
In its weekly report, the Energy Information Administration said crude stockpiles jumped 6.2 million barrels for the week ended March 7. Analysts polled by Platts were looking for a climb of 2.3 million barrels. American Petroleum Institute had reported late Tuesday an increase of 2.6 million barrels in crude supplies.
The data was in solid favor of the bear camp, with the crude supply increase extending the consecutive builds streak to seven weeks, said John Macaluso, research analyst at Tyche Capital Advisors.
Macaluso said it was very unclear why the government would plan a sale of SPR oil, and there seems to be no hard rational at this point.
Interesting
Got 30 cent jump to $3.79 here in Indy today.
Don't see a jump in Chicago yet, they are holding with most in the city at $4.29
Engineer, you guys get jump towards $4 yet?
Got 30 cent jump to $3.79 here in Indy today.
Don't see a jump in Chicago yet, they are holding with most in the city at $4.29
Engineer, you guys get jump towards $4 yet?
Londo_Jowo
Lifer
Sounds about right gas goes up 2 - 4 cent a gallon here and it goes up by 30 cent a gallon in the midwest. I paid $3.06/gal this morning with a Kroger $0.10/gallon discount.
MagickMan
Diamond Member
- Aug 11, 2008
- 7,460
- 3
- 76
Too much traffic. These gas prices need to hurry up and increase. Time to get the shitbuckets off the road.
U.S. swimming in oil already subsidizing the world and they want Americans to pay even more.
3-14-3014
http://www.fool.com/investing/gener...roduction-hits-highest-level-in-25-years.aspx
U.S. Oil Production Hits Highest Level in 25 Years
New data from the U.S. Energy Information Administration shows that U.S. crude oil production is at its highest levels since 1989.
December 2013 posted an impressive monthly average of 7.9 million bpd. For 2013, average oil production reached 7.5 million barrels per day. That was 967,000 bpd higher than 2012, a massive jump. The 15% annual increase in production is the largest since 1940.
Higher crude oil production also allowed the U.S. to decrease its oil imports, which fell to 7.6 million bpd, the lowest level since 1996. Imports dropped 10% in 2013, down 861,000 bpd. And since a peak in June 2005 at 10.7 million bpd, imports have declined by 30%.
The impressive growth in oil production is leading oil companies to call for lifting the crude oil export ban to allow them to export to higher priced markets around the world.
Due to infrastructure constraints, some oil can trade at a discount in different parts of the U.S. because of regional gluts.
3-14-3014
http://www.fool.com/investing/gener...roduction-hits-highest-level-in-25-years.aspx
U.S. Oil Production Hits Highest Level in 25 Years
New data from the U.S. Energy Information Administration shows that U.S. crude oil production is at its highest levels since 1989.
December 2013 posted an impressive monthly average of 7.9 million bpd. For 2013, average oil production reached 7.5 million barrels per day. That was 967,000 bpd higher than 2012, a massive jump. The 15% annual increase in production is the largest since 1940.
Higher crude oil production also allowed the U.S. to decrease its oil imports, which fell to 7.6 million bpd, the lowest level since 1996. Imports dropped 10% in 2013, down 861,000 bpd. And since a peak in June 2005 at 10.7 million bpd, imports have declined by 30%.
The impressive growth in oil production is leading oil companies to call for lifting the crude oil export ban to allow them to export to higher priced markets around the world.
Due to infrastructure constraints, some oil can trade at a discount in different parts of the U.S. because of regional gluts.
Why exporting is really really bad.
I just paid $7.29 a gallon for propane.
Americans like it but I don't.
3-17-2014
http://finance.yahoo.com/news/why-rising-propane-butane-exports-215610070.html
Why rising propane and butane exports affect some US energy MLPs
Propane and butane
Propane and butane are hydrocarbons that can be used as fuel and for other applications, such as to produce some chemicals and polymers. Over the past few years, the U.S. has been exporting an increasing amount of liquefied petroleum gases or LPGs, which is a term used for propane and butane, and the company has U.S. become a net exporter of LPGs for the first time.
I just paid $7.29 a gallon for propane.
Americans like it but I don't.
3-17-2014
http://finance.yahoo.com/news/why-rising-propane-butane-exports-215610070.html
Why rising propane and butane exports affect some US energy MLPs
Propane and butane
Propane and butane are hydrocarbons that can be used as fuel and for other applications, such as to produce some chemicals and polymers. Over the past few years, the U.S. has been exporting an increasing amount of liquefied petroleum gases or LPGs, which is a term used for propane and butane, and the company has U.S. become a net exporter of LPGs for the first time.
3-19-2014
http://finance.yahoo.com/news/states-highest-gas-prices-113054606.html
States With the Highest Gas Prices
Gasoline prices have risen steadily in the past six weeks through March 18. There was an uptick in gas prices in 37 of the past 38 days, and gas is now more expensive than at any point in the past six months.
In a number of states, the price of gas is now more than $3.75 per gallon, versus $3.52 nationwide, with gas prices in several other states not far behind.
1. Hawaii
> Price per gallon: $4.17
> Barrels produced, 2013: N/A
> Refining capacity (barrels per day): 147,500 (21st most)
> Tax per gallon: 49.1 cents (4th highest)
2. California
> Price per gallon: $3.97
> Barrels produced, 2013: 199.4 million (3rd most)
> Refining capacity (barrels per day): 1.6 million (3rd most)
> Tax per gallon: 52.5 cents (the highest)
3. Alaska
> Price per gallon: $3.84
> Barrels produced, 2013: 187.9 million (4th most)
> Refining capacity (barrels per day): 244,707 (14th most)
> Tax per gallon: 12.4 cents (the lowest)
4. New York
> Price per gallon: $3.78
> Barrels produced, 2013: 352,000 (26th most)
> Refining capacity (barrels per day): N/A
> Tax per gallon: 49.6 cents (2nd highest)
5. Connecticut
> Price per gallon: $3.77
> Barrels produced, 2013: N/A
> Refining capacity (barrels per day): N/A
> Tax per gallon: 49.3 cents (3rd highest)
6. Illinois
> Price per gallon: $3.76
> Barrels produced, 2013: 9.5 million (15th most)
> Refining capacity (barrels per day): 930,100 (4th most)
> Tax per gallon: 39.1 cents (tied for 6th highest)
7. Michigan
> Price per gallon: $3.72
> Barrels produced, 2013: 7.8 million (16th most)
> Refining capacity (barrels per day): 120,000 (24th most)
> Tax per gallon: 39.1 cents (tied for 6th highest)
8. Indiana
> Price per gallon: $3.66
> Barrels produced, 2013: 2.4 million (23rd most)
> Refining capacity (barrels per day): 192,100 (16th most)
> Tax per gallon: 38.7 cents (8th highest)
9. Maine
> Price per gallon: $3.64
> Barrels produced, 2013: N/A
> Refining capacity (barrels per day): N/A
> Tax per gallon: 30.0 cents (19th highest)
10. Pennsylvania
> Price per gallon: $3.64
> Barrels produced, 2013: 5.4 million (19th most)
> Refining capacity (barrels per day): 595,000 (6th most)
> Tax per gallon: 41.8 cents (5th highest)
http://finance.yahoo.com/news/states-highest-gas-prices-113054606.html
States With the Highest Gas Prices
Gasoline prices have risen steadily in the past six weeks through March 18. There was an uptick in gas prices in 37 of the past 38 days, and gas is now more expensive than at any point in the past six months.
In a number of states, the price of gas is now more than $3.75 per gallon, versus $3.52 nationwide, with gas prices in several other states not far behind.
1. Hawaii
> Price per gallon: $4.17
> Barrels produced, 2013: N/A
> Refining capacity (barrels per day): 147,500 (21st most)
> Tax per gallon: 49.1 cents (4th highest)
2. California
> Price per gallon: $3.97
> Barrels produced, 2013: 199.4 million (3rd most)
> Refining capacity (barrels per day): 1.6 million (3rd most)
> Tax per gallon: 52.5 cents (the highest)
3. Alaska
> Price per gallon: $3.84
> Barrels produced, 2013: 187.9 million (4th most)
> Refining capacity (barrels per day): 244,707 (14th most)
> Tax per gallon: 12.4 cents (the lowest)
4. New York
> Price per gallon: $3.78
> Barrels produced, 2013: 352,000 (26th most)
> Refining capacity (barrels per day): N/A
> Tax per gallon: 49.6 cents (2nd highest)
5. Connecticut
> Price per gallon: $3.77
> Barrels produced, 2013: N/A
> Refining capacity (barrels per day): N/A
> Tax per gallon: 49.3 cents (3rd highest)
6. Illinois
> Price per gallon: $3.76
> Barrels produced, 2013: 9.5 million (15th most)
> Refining capacity (barrels per day): 930,100 (4th most)
> Tax per gallon: 39.1 cents (tied for 6th highest)
7. Michigan
> Price per gallon: $3.72
> Barrels produced, 2013: 7.8 million (16th most)
> Refining capacity (barrels per day): 120,000 (24th most)
> Tax per gallon: 39.1 cents (tied for 6th highest)
8. Indiana
> Price per gallon: $3.66
> Barrels produced, 2013: 2.4 million (23rd most)
> Refining capacity (barrels per day): 192,100 (16th most)
> Tax per gallon: 38.7 cents (8th highest)
9. Maine
> Price per gallon: $3.64
> Barrels produced, 2013: N/A
> Refining capacity (barrels per day): N/A
> Tax per gallon: 30.0 cents (19th highest)
10. Pennsylvania
> Price per gallon: $3.64
> Barrels produced, 2013: 5.4 million (19th most)
> Refining capacity (barrels per day): 595,000 (6th most)
> Tax per gallon: 41.8 cents (5th highest)
- Jan 2, 2001
- 25,328
- 4,993
- 136
MagickMan
Diamond Member
- Aug 11, 2008
- 7,460
- 3
- 76
You and your facts again! Oh my gawd!
If the prices stay low then that means the "oil thugs" are winning... wait, what?
Londo_Jowo
Lifer
I drove from Texas and back (Noon Sunday to noon today) and the most I paid for gas was $3.29/gal (Georgia & Alabama) and cheapest $3.15/gallon (Salem, Virginia).
I filled the tank in Texas, Louisiana, Mississippi, Alabama, Georgia, Tennessee, and Virginia.
I filled the tank in Texas, Louisiana, Mississippi, Alabama, Georgia, Tennessee, and Virginia.
Scarpozzi
Lifer
- Jun 13, 2000
- 26,392
- 1,780
- 126
Gasoline futures drive the gas price as much as "perceived" supply shortages do.
There's a bunch of rotting dinosaurs under the ground....or if you don't believe in that, lots of rotting jesus fish down there.... Whoever brings it to market is going to cash out a the end of the day and the market will sell its excess for what people are willing to pay.
I think we're in for another stock market scare this year or next as the market gets correction that's due. That'll drop the price back to $3 or lower....it may spike before that happens.
There's a bunch of rotting dinosaurs under the ground....or if you don't believe in that, lots of rotting jesus fish down there.... Whoever brings it to market is going to cash out a the end of the day and the market will sell its excess for what people are willing to pay.
I think we're in for another stock market scare this year or next as the market gets correction that's due. That'll drop the price back to $3 or lower....it may spike before that happens.
Scarpozzi
Lifer
- Jun 13, 2000
- 26,392
- 1,780
- 126
Gasoline futures drive the gas price as much as "perceived" supply shortages do.
There's a bunch of rotting dinosaurs under the ground....or if you don't believe in that, lots of rotting jesus fish down there.... Whoever brings it to market is going to cash out a the end of the day and the market will sell its excess for what people are willing to pay.
I think we're in for another stock market scare this year or next as the market gets correction that's due. That'll drop the price back to $3 or lower....it may spike before that happens.
There's a bunch of rotting dinosaurs under the ground....or if you don't believe in that, lots of rotting jesus fish down there.... Whoever brings it to market is going to cash out a the end of the day and the market will sell its excess for what people are willing to pay.
I think we're in for another stock market scare this year or next as the market gets correction that's due. That'll drop the price back to $3 or lower....it may spike before that happens.
Oil and Gasoline up the ying yang yet Americans will pay pay pay up the ass just like they deserve.
3-20-2014
http://www.bloomberg.com/news/2014-...-february-since-1998-api-says.html?cmpid=yhoo
U.S. Fuel Demand Lowest for February Since 1998
U.S. fuel demand fell in February to the lowest level for the month in 16 years as cold weather curbed driving more than it increased heating demand, the American Petroleum Institute said. Exports climbed.
Production of gasoline and distillates reached record highs, the API said, with distillates up 9.2 percent to 4.66 million barrels a day and gasoline gaining 3.5 percent to 9.1 million. Fuel exports climbed 24 percent to 4.03 million barrels, the highest February level ever and 415,000 short of the record reached in December.
U.S. crude oil output increased 13 percent to 8.02 million barrels a day. Output of natural gas liquids, a byproduct of gas drilling, climbed 11 percent to 2.72 million.
3-20-2014
http://www.bloomberg.com/news/2014-...-february-since-1998-api-says.html?cmpid=yhoo
U.S. Fuel Demand Lowest for February Since 1998
U.S. fuel demand fell in February to the lowest level for the month in 16 years as cold weather curbed driving more than it increased heating demand, the American Petroleum Institute said. Exports climbed.
Production of gasoline and distillates reached record highs, the API said, with distillates up 9.2 percent to 4.66 million barrels a day and gasoline gaining 3.5 percent to 9.1 million. Fuel exports climbed 24 percent to 4.03 million barrels, the highest February level ever and 415,000 short of the record reached in December.
U.S. crude oil output increased 13 percent to 8.02 million barrels a day. Output of natural gas liquids, a byproduct of gas drilling, climbed 11 percent to 2.72 million.
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