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

[Engineer]

Higher oil prices threaten global economy...even China had a TRADE DEFICIT because of high oil

A fragile economy that's barely above water now will have oil floating on that water pulling everything down...well, everyone except certain "people".

 

[Londo_Jowo]

Oil's back down to $100/barrel. Gas prices dropped 0.05/gallon last night where I live.

 

[Engineer]

Oil's back down to $100/barrel. Gas prices dropped 0.05/gallon last night where I live.

Glad to see that OPEC raising production and Japan's situation finally enough to break the up trend on oil. Prices in Lexington fell $0.10 yesterday (to $3.379) but were up to $3.599 this morning. Louisville raised to $3.619 last night.

Let's see how long before gas drops. It started raising within a day of the oil price spiking...let's see how many days it takes to do a "real" drop.

 

[The-Noid]

Glad to see that OPEC raising production and Japan's situation finally enough to break the up trend on oil. Prices in Lexington fell $0.10 yesterday (to $3.379) but were up to $3.599 this morning. Louisville raised to $3.619 last night.

Let's see how long before gas drops. It started raising within a day of the oil price spiking...let's see how many days it takes to do a "real" drop.

During the last run up I always found it was a 1 and 7 ratio. 1 day to go up, 7 days to go down. Maybe this will be quicker?

 

[dmcowen674]

Glad to see that OPEC raising production and Japan's situation finally enough to break the up trend on oil. Prices in Lexington fell $0.10 yesterday (to $3.379) but were up to $3.599 this morning. Louisville raised to $3.619 last night.

Let's see how long before gas drops. It started raising within a day of the oil price spiking...let's see how many days it takes to do a "real" drop.

There was never a shortage that OPEC would need to raise production.

It's all a scam.

Anyway, station I fill up at by work dropped a whole penny today from $3.76 to $3.75

Amazing how they jump the price 30 cents overnight but only a penny down.

 

[Doppel]

Amazing how dmcowen still doesn't understand how any of this works, even with explanations and links in the very same thread. It must be a very frustrating existence.

 

[WhipperSnapper]

Now there's talk of how the earthquake and tsunami in Japan could lead to higher gas prices in the U.S.:

http://content.usatoday.com/communi...-japans-gasoline-needs-may-raise-us-prices-/1

 

[werepossum]

Now there's talk of how the earthquake and tsunami in Japan could lead to higher gas prices in the U.S.:

http://content.usatoday.com/communi...-japans-gasoline-needs-may-raise-us-prices-/1

Funny, there's a headline claiming gas prices have gone down because of this.
http://chicago.cbslocal.com/2011/03/14/devastation-in-japan-leads-to-drop-in-gas-prices/

The only thing for sure is that such a tragedy as this really puts petrol prices in perspective. Gasoline prices have almost doubled under Obama's watch, mostly because of the vagaries of the market which no President really controls. Looking at these people who have lost loved ones, homes, businesses, even whole towns and cities, it's damned easy to put this increase into perspective and thank G-d we're dealing with higher petrol prices rather than major earthquakes, tsunamis, missing and dead loved ones, fires, a volcano eruption, lack of basic shelter, food, even potable water . . .

I fully expect prices to hit $5.00 a gallon this summer. And I shall pay it, limit my driving where possible, and thank G-d that my problems are such inconsequential things.

 

[dmcowen674]

Funny, there's a headline claiming gas prices have gone down because of this.
http://chicago.cbslocal.com/2011/03/14/devastation-in-japan-leads-to-drop-in-gas-prices/

The only thing for sure is that such a tragedy as this really puts petrol prices in perspective. Gasoline prices have almost doubled under Obama's watch, mostly because of the vagaries of the market which no President really controls. Looking at these people who have lost loved ones, homes, businesses, even whole towns and cities, it's damned easy to put this increase into perspective and thank G-d we're dealing with higher petrol prices rather than major earthquakes, tsunamis, missing and dead loved ones, fires, a volcano eruption, lack of basic shelter, food, even potable water . . .

I fully expect prices to hit $5.00 a gallon this summer. And I shall pay it, limit my driving where possible, and thank G-d that my problems are such inconsequential things.

As CBS 2’s Susanna Song reports, the average price of regular unleaded in Chicago is $3.71, about 1 cent cheaper than a week ago. At the Des Plaines Oasis Mobil station Monday morning, the price was $3.73 for regular

Wooooooo hoooooo it dropped a whole penny!!!!!!!!!!!

According to the experts on here it's super cheap now.

 

[Doppel]

Short of a regime-change or similar catastrophe in a major oil producing nation (Libya doesn't count) there won't be $5/gallon gas in the US this year.

 

[Engineer]

Oil down to $97.79 per barrel on Japan disaster. Had a $0.05 drop at the pump over the last few days ($3.54).

 

[dmcowen674]

Oil down to $97.79 per barrel on Japan disaster. Had a $0.05 drop at the pump over the last few days ($3.54).

The annual bullshit excuse of the "Summer Blend" is just about here, expect at least $1 added right back on top of that $3.54

 

[Londo_Jowo]

The annual bullshit excuse of the "Summer Blend" is just about here, expect at least $1 added right back on top of that $3.54

Blame your state government!

Maybe it's time for you to move to Somalia, they use the same blend year round.

 

[Doppel]

"The annual bullshit excuse of the "Summer Blend" is just about here, expect at least $1 added right back on top of that $3.54"

^^^ Speaking of bullshit ^^^

Oil down again huge today but it took the bloodying of the third biggest economy to do it.

 

[CycloWizard]

The annual bullshit excuse of the "Summer Blend" is just about here, expect at least $1 added right back on top of that $3.54

The annual trumpeting of teh ignorance on summer blends by McOwen, and my annual post about government regulation which requires the use of such expensive formulations.

 

[XZeroII]

The annual bullshit excuse of the "Summer Blend" is just about here, expect at least $1 added right back on top of that $3.54

Considering that almost all of your views support more regulation, it's very curious that you're surprised that there are consequenses more regulation. I realize that you're using hyperbole to illustrate a point and that you serously don't expect gas prices to jump $1/gallon just because they are switching to a summer blend. However, your Democrat views are the reason why this stuff even happens. So in essense, you're complaining that you got what you wanted.

Think about it...

 

[dmcowen674]

Considering that almost all of your views support more regulation, it's very curious that you're surprised that there are consequenses more regulation. I realize that you're using hyperbole to illustrate a point and that you serously don't expect gas prices to jump $1/gallon just because they are switching to a summer blend. However, your Democrat views are the reason why this stuff even happens. So in essense, you're complaining that you got what you wanted.

Think about it...

Negative

Keeping Corporations from raping the public != regulation

It's called Government. Something we no longer have under Corporate rule.

 

[blackangst1]

Negative

Keeping Corporations from raping the public != regulation

It's called Government. Something we no longer have under Corporate rule.

Regulation is the reason behind this summer blend you incorrectly bitch about.

Dumb ass.

 

[Doppel]

dmcowen has put half the posters in this thread on his ignore list. I guess that's one way to avoid being told you're wrong, simply plug your ears. It's easier than learning.

 

[Londo_Jowo]

dmcowen has put half the posters in this thread on his ignore list. I guess that's one way to avoid being told you're wrong, simply plug your ears. It's easier than learning.

He may have us on ignore but it doesn't prevent us from calling him out on his compulsive lying and posting of half truths/bullshit.

 

[dmcowen674]

3-16-2011

http://news.yahoo.com/s/ap/20110316...jb3JkaW9uX2J1c2luZXNzBHNsawNvaWxhYm92ZTk4YW0-

Oil above $98, Middle East & Japan used as excuses



Oil prices recovered from a steep sell-off and rose above $98 a barrel Wednesday


Japan accounts for approximately 5 percent of global oil demand and is the world's third largest oil consumer

The still uncertain situation in the Middle East and Japan's higher demand for oil for power generation speak against a further fall in prices.

 

[CycloWizard]

He may have us on ignore but it doesn't prevent us from calling him out on his compulsive lying and posting of half truths/bullshit.

He just doesn't like to let the facts get in the way of his opinions.

 

[dmcowen674]

3-17-2011

Gas jumped 20 cents again today

http://news.yahoo.com/s/ap/20110317...jb3JkaW9uX2J1c2luZXNzBHNsawNvaWxwcmljZXN0b3A-


Oil prices top $100 per barrel again



Benchmark crude added $2.82 at $100.80 per barrel in afternoon trading on the New York Mercantile Exchange.

 

[Londo_Jowo]

At what price will you pack up and head for Somalia?

 

[Engineer]

Above $101

WTF is the justification for the rising prices again?