Got Gas? U.S. Economy to Worsen as Gas Prices Skyrocket

[Doppel]

It's a good thing you are such a fucking pussy and not man enough to show yourself to my face hiding behind that monitor.

This statement has nothing to do with the price of gas. Rob Johnson doesn't post here and nobody is calling him. Since the CBS site shows no gas anywhere close to 5 and the article you posted doesn't say anything about anywhere being 5 it is clear that you are making up numbers again.

 

[dmcowen674]

Deleting, not worth letting that little pussy lopped get to me

 

[dmcowen674]

Deleting, not worth letting that little pussy lopped get to me

 

[dmcowen674]

Classic.

I know

I let that fucking pussy get to me.

I should put him back on ignore and just not see his shit.

 

[Engineer]

Heard on the news this morning that two refineries are shutting down permanently in the US. Said that this was one of the reasons why gas was going up.

Oh, and oil took a 2.25% dive today. I'm sure that gas won't take the same such dive.

 

[dmcowen674]

Heard on the news this morning that two refineries are shutting down permanently in the US. Said that this was one of the reasons why gas was going up.

Oh, and oil took a 2.25% dive today. I'm sure that gas won't take the same such dive.

It's 8 Refineries shutting down permanently.

2-20-2013

http://finance.yahoo.com/news/recov...RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3


Recovery Killer? Gas Prices Barrel Toward $4 a Gallon



Five dollar a gallon gas "is a real possibility" said John Kilduff, partner at Again Capital in New York. "This is partly being driven by the lost refinery capacity of about one million barrels per day...that's a lot."


Kilduff cited Hess's (HES) closure of a key refinery hub in Port Reading, New Jersey in January as a major factor that has sent gas on a tear.


"Prices haven't looked back since," he said.


"It's one of about eight refineries that have announced closure.



Now the East Coast is heavily reliant on [gas] imports when it used to be self-sufficient," Kilduff stated.

Should gas prices threaten the $5 threshold, market watchers say that the White House could come under pressure to release petroleum reserves to combat price surge.

 

[dmcowen674]

Today, 12:39 PM Remove user from ignore list
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Today, 03:02 PM Remove user from ignore list
Doppel This message is hidden because Doppel is on your ignore list.

Now they can jerk off on themselves

 

[Charles Kozierok]

Don't see any $5.00.

Do see a $3.99. That's not much more than it is here. ETA: And a couple of $3.95s.

 

[Doppel]

So Dave tacitly admits, via editing out his post claiming $5 gas, that he did lie, and instead of apologizing for the absolute fit he just had he edits a whole whack of posts, all of which are quoted so it's too late to remove their content.

Absolutely terrible behavior, Mcowen.

 

[dmcowen674]

2-20-2013

http://www.forbes.com/sites/afontev...dge-fund-liquidation-rumors/?partner=yahootix

Crude Oil Tanks On Hedge Fund Liquidation Rumors



Spot WTI fell more than 2% on heavy volume, while Brent lost 1.9% on what some traders suggested was an unwinding of large positions by a commodity hedge fund.


The fall in crude oil on Wednesday also seemed to affect major oil companies, with Exxon Mobil, Chevron, Conoco Phillips, and BP all losing ground during the trading session.


Interestingly, as the price of crude has dropped, gasoline prices in the U.S. have crept up, with retail prices for regular gasoline hitting $3.766 a gallon, its highest level since 2004.



According to Cacciotti, the increase has to do with policy issues, as refiners pass on higher costs to consumers.

 

[Londo_Jowo]

Today, 12:39 PM Remove user from ignore list
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Doppel This message is hidden because Doppel is on your ignore list.

Now they can jerk off on themselves

LMAO!!!!! I sleep well knowing I have a secure job and make at least twice as much as you if not 2.5 to 3 times.

 

[Engineer]

You guys spend way too much time focusing on Dave's $5.00 gas claims to even notice what nearly $4.00 per gallon (or more in some places - especially for February) is doing to the US economy and US consumers.

*shakes head*

 

[Doppel]

You guys spend way too much time focusing on Dave's $5.00 gas claims to even notice what nearly $4.00 per gallon (or more in some places - especially for February) is doing to the US economy and US consumers.

*shakes head*

His continual lies make the entire thread much worse, so I cannot help but call a duck a duck. It's just in my nature to point out such obvious bullshit.

 

[OverVolt]

His continual lies make the entire thread much worse, so I cannot help but call a duck a duck. It's just in my nature to point out such obvious bullshit.

He just likes to use hyperbole and you guys go crazy on him, lol.

 

[Doppel]

He just likes to use hyperbole and you guys go crazy on him, lol.

Do you even know what hyperbole is?

 

[EagleKeeper]

You guys spend way too much time focusing on Dave's $5.00 gas claims to even notice what nearly $4.00 per gallon (or more in some places - especially for February) is doing to the US economy and US consumers.

*shakes head*

One reason I gave up the 180km commute in favor of a 6km. These poor old bones had hard time getting up in AM and getting out of vehicle st night.

Another was 2 women trying to run one household. Drove my son and myself crazy.

 

[EagleKeeper]

His continual lies make the entire thread much worse, so I cannot help but call a duck a duck. It's just in my nature to point out such obvious bullshit.

Need for attention

 

[OverVolt]

Do you even know what hyperbole is?

A type of graph? :awe:

I just see it as hyperbole, he hypes up the gas prices. Its fine. He IS onto something after all, since prices have been on an upward trend for awhile with no stop in sight. The reason I think is wrong though but I'm not gonna argue with him about it.

I have my own reason I think its going up in price and people in finance might have a different reason and the people who drill it would have yet more reasons why they think its going up etc.

You could see it as Corporate America exploiting peoples reliance on gas like dave does.
You could see it as inflation from the fed.
You could see it as too much demand for oil from the developing world.
You could see it as declining economic competitiveness of the US.

etc. etc. etc.

Its really a mixture of all those reasons. I'm not sure how big of a factor corporate profits are in this but it IS part of the problem just not as much as dave hyperboles it.

Like BP has more revenue than the GDP of Greece, or Egypt, or Ireland, or New Zealand. If its revenue were its GDP it would be like the 30th largest country in the world or something like that. They're huge companies seeking profits for their share holders like any other company. Just super huge and powerful.

 

[Doppel]

A type of graph? :awe:

I just see it as hyperbole, he hypes up the gas prices.

Hyperbole is "Gas is costing me an arm and a leg."

Trying to sneak incorrect numbers into posts--after he's already been told unequivocally in the past to stop--with "It's already over $5 in Chicago" and then when I challenge him to back this up being called a "lying asshole", a "fucking twat", and a "fucking pussy" are the rantings of a lunatic who should be permanently banned.

 

[Engineer]

One reason I gave up the 180km commute in favor of a 6km. These poor old bones had hard time getting up in AM and getting out of vehicle st night.

Another was 2 women trying to run one household. Drove my son and myself crazy.

I changed jobs in 2010 (twice) and managed to lower my daily commute from 36 miles per day to 15 miles per day. I average just over 300 miles per month (about one tank) in my 2003 Dodge Intrepid.

I agree on these old bones...lol, but I do like going in at 5:30am and getting off at 2:30pm.

 

[MagickMan]

His continual lies make the entire thread much worse, so I cannot help but call a duck a duck. It's just in my nature to point out such obvious bullshit.

Not just this thread, he's a compulsive liar everywhere on this forum. He's so bad, he makes Alky appear genuine.

 

[dmcowen674]

Originally Posted by Doppel
His continual lies make the entire thread much worse, so I cannot help but call a duck a duck. It's just in my nature to point out such obvious bullshit.

Not just this thread, he's a compulsive liar everywhere on this forum. He's so bad, he makes Alky appear genuine.

Awwww look how cute, kiss kiss

 

[Londo_Jowo]

Some of the refineries that were shutdown occurred last year and happened before the end of the summer. Only one refinery has been shutdown this year.

http://articles.latimes.com/2012/jan/30/business/la-fi-mo-gas-prices-20120130

Meanwhile, fuel supply sources continue to shrink, particularly in the eastern U.S., negating at least some of the effect of continuing low demand for gasoline in the U.S. In its most recent weekly petroleum report, for example, the Energy Department noted another refinery that was set to close.
"On January 18, Hess announced the closure of its HOVENSA joint venture refinery in the U.S. Virgin Islands, a major source of product supply to the East Coast," the Energy Department said. "That planned closure follows on the heels of the idling of two refineries in the Delaware Valley by Sunoco and ConocoPhillips and announced plans by Sunoco to idle another refinery in the region by mid-2012."


The Energy Department added, "The complete idling of the three refineries would collectively cut as much as 50% of current East Coast refining capacity."

This combined with the refineries shut down for turnarounds (maintenance/switch over to summer blend) is why gas supplies are low/prices high.

 

[dmcowen674]

2-21-2013

http://www.marketwatch.com/story/oil-falls-below-93-as-dollar-advances-2013-02-21?siteid=yhoof2

Oil falls below $93



April crude oil CLJ3 +0.18% fell $2.38, or 2.5%, to settle at $92.84 a barrel on the Comex division of the New York Mercantile Exchange.

 

[dmcowen674]

2-21-2013

http://finance.yahoo.com/news/texas-retail-gasoline-prices-21-170221731.html

Texas retail gasoline prices up 21 cents in week



AAA says retail gasoline prices across Texas jumped 21 cents in the past week



The association says Dallas has the most expensive gasoline statewide at $3.71 per gallon.



The cheapest gasoline was found in Amarillo at $3.52 per gallon.