Gas prices shot up almost 30 cents in 2 weeks

[Aharami]

Originally posted by: waggy
i think is a combination of the fact that Bush is talking about invading Iran and the government has not been pushing into looking into price gouging.

why would they? govt is in bed with big corporations and oil companies are about as big as they can get

 

[sonoma1993]

Originally posted by: TGS
Is oil the only business where futures immediately impact the retail sales price?

I dont understand how gas prices can change so much in a week. Yesterday barrel of oil cloes around $63.51. Let say today it went up $3.00, so yeah $66.51 at 1pm. By 5pm, today, most gas station will reflect that price rise of $3.00.. But if barrel of oil dropped $3.00 to $60.51, most likely you wouldnt see the full effect of that price drop for 2 to 3 days if the barrel of oil price hold steady.

But Yeah, back to to price rise of barrel of oil though. From what I heard it takes, what close 2 monthsn from the time oil is bought, and to reach our gas station? If it takes that long for the oil they buy today. How can they up the price so quick then, if the barrel of oil the oil companies bought at $66.51 today, wont be he at the gas stations almost 2 months later? that I can never understand.

 

[Scarpozzi]

Originally posted by: Aharami

Originally posted by: waggy
i think is a combination of the fact that Bush is talking about invading Iran and the government has not been pushing into looking into price gouging.

why would they? govt is in bed with big corporations and oil companies are about as big as they can get

yep....

 

[Whoozyerdaddy]

Gas prices haven't changed here in weeks. I've been paying $2.23 - 2.27 for a while now. Premium has been $2.45- 2.60 since Christmas.

 

[farmercal]

Originally posted by: Whoozyerdaddy
Gas prices haven't changed here in weeks. I've been paying $2.23 - 2.27 for a while now. Premium has been $2.45- 2.60 since Christmas.

There is not enough people where you live to warrant price hikes.

 

[waggy]

Originally posted by: Aharami

Originally posted by: waggy
i think is a combination of the fact that Bush is talking about invading Iran and the government has not been pushing into looking into price gouging.

why would they? govt is in bed with big corporations and oil companies are about as big as they can get

yeap but when the government was talking about it the price dropped. then i haven't heard anything about it on the news. Now its back up YET we have a flood of oil on the market. strange eh?

but then the politicans are so fricken currupt its not a suprise.

 

[Aharami]

i can pretty much say for sure that gas prices will NEVER again drop below $2.00 per gallon. oil companies have made us accustomed to high gas prices so $2.10 is cheap now. i remember when just last year gas used to be $1.5x

 

[spacelord]

Originally posted by: acemcmac

Originally posted by: spacelord

Originally posted by: TGS
Is oil the only business where futures immediately impact the retail sales price?

Seems like it. Buying gas for my boat this summer is going to really hurt. Its usually at least $0.30/gallon more than street prices.. and I burn about 10 gallons an hour.

I thought it was more like 25-30% more?

I haven't been to a fuel dock in a while, so that's great news. We just put a new outboard on for this season so what you say is great news.

At least where I buy my gas (65 Gallons Worth at a time).. some docks are more.

 

[EatSpam]

Originally posted by: psteng19
What's going on?

Companies are getting their profits in now before Israel and the US blow up Iran, causing price per barrel to skyrocket. I'm looking forward to see a lot of SUVs out of gas, myself.

 

[EatSpam]

Originally posted by: Whoozyerdaddy
Gas prices haven't changed here in weeks. I've been paying $2.23 - 2.27 for a while now. Premium has been $2.45- 2.60 since Christmas.

Yeah, those are such great prices! :roll:

 

[jagec]

Originally posted by: weadjust
The oil companies say supply is low due to retooling of the refineries to change from winter to summer gas. Yeah Right.

yeah...I'm sure it took them a LONG time to push those buttons on the distillation tower computers :roll:

 

[Aharami]

Originally posted by: waggy

Originally posted by: Aharami

Originally posted by: waggy
i think is a combination of the fact that Bush is talking about invading Iran and the government has not been pushing into looking into price gouging.

why would they? govt is in bed with big corporations and oil companies are about as big as they can get

yeap but when the government was talking about it the price dropped. then i haven't heard anything about it on the news. Now its back up YET we have a flood of oil on the market. strange eh?

but then the politicans are so fricken currupt its not a suprise.

that was just a show. politicians have to make it seem like they give a sh|t about the people or they wont get voted back into office. but in reality they keep filling their pockets with donations from big corps

 

[JackBurton]

I think Exxon wants to break their profit "high score" from last year.

 

[waggy]

Originally posted by: Aharami

Originally posted by: waggy

Originally posted by: Aharami

Originally posted by: waggy
i think is a combination of the fact that Bush is talking about invading Iran and the government has not been pushing into looking into price gouging.

why would they? govt is in bed with big corporations and oil companies are about as big as they can get

yeap but when the government was talking about it the price dropped. then i haven't heard anything about it on the news. Now its back up YET we have a flood of oil on the market. strange eh?

but then the politicans are so fricken currupt its not a suprise.

that was just a show. politicians have to make it seem like they give a sh|t about the people or they wont get voted back into office. but in reality they keep filling their pockets with donations from big corps

Now the big question. Why aren't more people pissed off about the curroption? I know i am.

but then i live in IL. one of most curropt states there is. I know im getting tired of the curroption, Big business makeing laws etc. sigh

 

[Vette73]

Originally posted by: waggy

Originally posted by: Aharami

Originally posted by: waggy

Originally posted by: Aharami

Originally posted by: waggy
i think is a combination of the fact that Bush is talking about invading Iran and the government has not been pushing into looking into price gouging.

why would they? govt is in bed with big corporations and oil companies are about as big as they can get

yeap but when the government was talking about it the price dropped. then i haven't heard anything about it on the news. Now its back up YET we have a flood of oil on the market. strange eh?

but then the politicans are so fricken currupt its not a suprise.

that was just a show. politicians have to make it seem like they give a sh|t about the people or they wont get voted back into office. but in reality they keep filling their pockets with donations from big corps

Now the big question. Why aren't more people pissed off about the curroption? I know i am.

but then i live in IL. one of most curropt states there is. I know im getting tired of the curroption, Big business makeing laws etc. sigh

Thats why you vote against the standing party in office at the time. I don;t care if you are Dem, Rep, or independent, having 1 party in control of everything only leads to this. You need them to fight and have a reason to REALLY look into these things.
Why I will be voting straight Dem, unless there is a wacko on the ballot, for the next election. Fuvk Bush and the other republicans and their oil friends making BILLIONS in profits on our backs.

 

[Vette73]

Just filled the tank at $2.78 for prem. $2.58 for Reg. here in Cary NC

 

[drinkmorejava]

zomg, like none of us have ever seen it jump that much in two days before.

 

[Eli]

yea, WTF? I noticed too ... it smarts.

I spent 65$ on gas last week.

 

[SarcasticDwarf]

Originally posted by: MrBond
I was watching CNBC last night and they said that there is concern that Iran will do one of three things:

Take a certain number of barrels of oil off the market
Cancle future contracts
Blockade the straights in the gulf doing military exercises to slow the flow of oil out.

They also had an analyst who has "sources in the Iranian government" and he was saying Iran's plan if they don't get their way will be to swarm our carriers in the Gulf with suicide boats like the USS Cole (only with many many boats this time), once they're sunk they'll blockade the gulf with mines and submarines. He said if that happens, $100+/barrel oil isn't all that unlikely.

Uh, no. A nuclear war is likely. We'd be looking at 200+/barrel.

 

[Chadder007]

Anyone want to go in with me to make a new Oil Company? There will surely be profits.

 

[Svnla]

Just checked our local gas prices website <gasbuddy> and we are paying from $2.22 <lowest> to $2.59 <highest> for a gal of reg.

 

[Svnla]

Originally posted by: waggy
but then i live in IL. one of most curropt states there is. I know im getting tired of the curroption, Big business makeing laws etc. sigh

Now you know how the folks in Louisana felt. We have governor that is in jail, insurance commisioners that are in jail, and on and on. Don't forget about the debacle of Katrina/Rita.

 

[jlee]

Originally posted by: EatSpam

Originally posted by: psteng19
What's going on?

Companies are getting their profits in now before Israel and the US blow up Iran, causing price per barrel to skyrocket. I'm looking forward to see a lot of SUVs out of gas, myself.

Some of us drive trucks..and actually use them for more than commuting. :|