AznAnarchy99
Lifer
- Dec 6, 2004
- 14,695
- 117
- 106
7-19-2011
http://www.wtnh.com/dpp/traffic/traffic_news/gas-back-above-4-a-gallon
Gas back above $4 a gallon
Gas prices in Connecticut have inched back above the four dollar a gallon mark.
According to AAA, the average price for a gallon of gas in Connecticut Tuesday is $4.021 a gallon. Last week the average price was six cents lower at $3.96.
Experts say in the past two days, gas prices have gone up 11 cents and they are going to continue to go up.
Drivers are putting in as much gas as they can afford and trying to conserve that gas by driving around less.
Since people aren't driving as much as they used to in order to cut back on their gas expenses, Mike Fox says according to the rules of supply and demand, gas prices should in fact be going down.
Fox said, "If people aren't driving as much we're not using as much, stockpiles are increasing that's a supply demand that says prices should be rocketing down not going up 11 cents."
http://www.wtnh.com/dpp/traffic/traffic_news/gas-back-above-4-a-gallon
Gas back above $4 a gallon
Gas prices in Connecticut have inched back above the four dollar a gallon mark.
According to AAA, the average price for a gallon of gas in Connecticut Tuesday is $4.021 a gallon. Last week the average price was six cents lower at $3.96.
Experts say in the past two days, gas prices have gone up 11 cents and they are going to continue to go up.
Drivers are putting in as much gas as they can afford and trying to conserve that gas by driving around less.
Since people aren't driving as much as they used to in order to cut back on their gas expenses, Mike Fox says according to the rules of supply and demand, gas prices should in fact be going down.
Fox said, "If people aren't driving as much we're not using as much, stockpiles are increasing that's a supply demand that says prices should be rocketing down not going up 11 cents."
I agree with the Republican from Alaska to a point.
The release of the oil did nothing.
I said from the beginning only finding a way to imprison the oil speculation thieves is the only way to stop this.
I believe they are committing crime under the RICO act.
Sending the Dept of Justice after them under RICO is the only way oil and gas prices would stop being criminally manipulated and return to market prices under a true supply and demand situation.
So while Obama and the Democrats have failed, at this at least they did something which is more than the Republicans did under Bush and what they are doing now other than saying Obama failed.
Words don't change the fact the oil thieves are still committing the crime with impunity.
They post and brag on here.
The Dept of Justice simply can print out their crimes from here and lock them up.
7-20-2011
http://finance.yahoo.com/news/Gas-P...Vzcmlz?x=0&sec=topStories&pos=5&asset=&ccode=
Gas Prices Rise Despite Obama-IEA Oil Release
After the release--which officials in the Obama administration said was in response to supply disruptions in Libya and in anticipation of summer driving months--gas prices continued to drop for about a week. By July 8, however, prices had already rebounded to the June 23 level. Now, as Libya remains mired in a civil war and summer driving season continues, gas prices have again been on the rise.
According to an official from the Obama administration, the IEA will continue to evaluate the impact of the collective release in June before deciding on any next steps.
Robert Dillon, spokesman for Alaska Republican Sen. Lisa Murkowski, says there's already some indication that another crude oil release from the Strategic Petroleum Reserve could be on the way, something that Murkowski isn't happy about.
Already a critic of the action, on Tuesday she released a statement questioning whether the original sale of oil from the Strategic Petroleum Reserve violated the country's sanctions on Iran.
One of the major purchasers in the sale, Vitrol, has reportedly resumed business with Iran after buying from the U.S. reserves.
According to Dillon, much of the sale of reserve oil in June went to the same speculators whom Democrats in Congress have been trying to fight.
"If the purpose of this release was to provide much needed relief to American drivers, then clearly the administration has done more harm than good.
The only real winners in this sale were the traders, who will sell the oil back to American refiners at a profit," Murkowski said in the statement.
The release of the oil did nothing.
I said from the beginning only finding a way to imprison the oil speculation thieves is the only way to stop this.
I believe they are committing crime under the RICO act.
Sending the Dept of Justice after them under RICO is the only way oil and gas prices would stop being criminally manipulated and return to market prices under a true supply and demand situation.
So while Obama and the Democrats have failed, at this at least they did something which is more than the Republicans did under Bush and what they are doing now other than saying Obama failed.
Words don't change the fact the oil thieves are still committing the crime with impunity.
They post and brag on here.
The Dept of Justice simply can print out their crimes from here and lock them up.
7-20-2011
http://finance.yahoo.com/news/Gas-P...Vzcmlz?x=0&sec=topStories&pos=5&asset=&ccode=
Gas Prices Rise Despite Obama-IEA Oil Release
After the release--which officials in the Obama administration said was in response to supply disruptions in Libya and in anticipation of summer driving months--gas prices continued to drop for about a week. By July 8, however, prices had already rebounded to the June 23 level. Now, as Libya remains mired in a civil war and summer driving season continues, gas prices have again been on the rise.
According to an official from the Obama administration, the IEA will continue to evaluate the impact of the collective release in June before deciding on any next steps.
Robert Dillon, spokesman for Alaska Republican Sen. Lisa Murkowski, says there's already some indication that another crude oil release from the Strategic Petroleum Reserve could be on the way, something that Murkowski isn't happy about.
Already a critic of the action, on Tuesday she released a statement questioning whether the original sale of oil from the Strategic Petroleum Reserve violated the country's sanctions on Iran.
One of the major purchasers in the sale, Vitrol, has reportedly resumed business with Iran after buying from the U.S. reserves.
According to Dillon, much of the sale of reserve oil in June went to the same speculators whom Democrats in Congress have been trying to fight.
"If the purpose of this release was to provide much needed relief to American drivers, then clearly the administration has done more harm than good.
The only real winners in this sale were the traders, who will sell the oil back to American refiners at a profit," Murkowski said in the statement.
Last edited:
werepossum
Elite Member
- Jul 10, 2006
- 29,873
- 463
- 126
Why on Earth would they not limit the bidders to actual refiners? I don't agree with releasing the oil at all - it's for emergencies, not to ease pain - but if it MUST be released, at least do it intelligently.
werepossum
Elite Member
- Jul 10, 2006
- 29,873
- 463
- 126
Surely that was only incompetence instead. Perhaps there are even applicable laws that prevent them from allowing ONLY refineries to bid on the oil.
Bush changed the rules (increased the required margin IIRC) to make oil speculation more risky and less profitable. Surely Obama, a community organizer, is at least as opposed to oil speculators as was Bush, an oil man raised in wealth. Wealthy people using their wealth to make even more money while hurting mostly the non-wealthy is as diametrically opposed to Obama's professed philosophy as it is possible to be, and while I find him no more fundamentally honest than your average politician, I don't suspect him of being truly opposite of what he claims. Surely it's incompetence at worst, and possibly our convoluted federal law.
7-21-2011
http://finance.yahoo.com/news/Oil-tops-100-for-first-time-apf-4021663393.html?x=0&.v=7
Oil tops $100
Oil topped $100 per barrel for the first time since early June as European leaders discussed more financial aid for Greece.
The new rescue package, which is being hammered out Thursday at an emergency summit in Brussels, propped up the euro relative to the dollar. Oil is priced in U.S. currency. The price tends to rise as the dollar weakens because oil becomes cheaper for investors holding foreign currencies.
http://finance.yahoo.com/news/Oil-tops-100-for-first-time-apf-4021663393.html?x=0&.v=7
Oil tops $100
Oil topped $100 per barrel for the first time since early June as European leaders discussed more financial aid for Greece.
The new rescue package, which is being hammered out Thursday at an emergency summit in Brussels, propped up the euro relative to the dollar. Oil is priced in U.S. currency. The price tends to rise as the dollar weakens because oil becomes cheaper for investors holding foreign currencies.
- Oct 30, 2000
- 42,589
- 5
- 0
If/when there is a debt ceiling breakthrough; then the dollar will strengthen and oil prices will come backdown by some.
As gas prices skyrocket, mass layoffs take off as well
7-21-2011
http://finance.yahoo.com/blogs/dail...Jub2ZtYXNz?sec=topStories&pos=8&asset=&ccode=
Return of Mass Layoffs a Grim Sign for U.S. Workers
Putting pressure on an already lousy job market, the mass layoff is making a comeback. In the past week, Cisco, Lockheed Martin and Borders announced a combined 23,000 in job cuts.
7-21-2011
http://finance.yahoo.com/blogs/dail...Jub2ZtYXNz?sec=topStories&pos=8&asset=&ccode=
Return of Mass Layoffs a Grim Sign for U.S. Workers
Putting pressure on an already lousy job market, the mass layoff is making a comeback. In the past week, Cisco, Lockheed Martin and Borders announced a combined 23,000 in job cuts.
Gas now over $5 on east end of Long Island New York
7-22-2011
http://news.search.yahoo.com/search?p=gas+prices&fr=ush-newsblended
Driven mad by $erious gas pain in the Hamptons
7-22-2011
http://news.search.yahoo.com/search?p=gas+prices&fr=ush-newsblended
Driven mad by $erious gas pain in the Hamptons
The already high gas prices on the East End of Long Island have broken the once-unthinkable $5 barrier, with one station selling premium for a stunning $5.09 per gallon.
Macamus Prime
Diamond Member
- Feb 24, 2011
- 3,108
- 0
- 0
The prices need to go up further.
The rich need to get richer, to ensure jobs are created with all that extra money they are making,....
**nudge**
**nudge**
**wink**
**wink**
The rich need to get richer, to ensure jobs are created with all that extra money they are making,....
**nudge**
**nudge**
**wink**
**wink**
- Oct 30, 2000
- 42,589
- 5
- 0
- Oct 30, 2000
- 42,589
- 5
- 0
Londo_Jowo
Lifer
:thumbsdownremium does not count - overpriced for the benefits.
Oops, dmcowen420 owned yet again............LMAO!!!!
werepossum
Elite Member
- Jul 10, 2006
- 29,873
- 463
- 126
WTF? Of course it counts - some people have automobiles or motorcycles that require premium.:thumbsdown
I think this thread will eventually end up like the 9/11 thermite Truther thread from that kyle guy. Eventually the mods will pick up on the fact that it is one giant troll thread and lock it. I hope.
- Oct 30, 2000
- 42,589
- 5
- 0
WTF? Of course it counts - some people have automobiles or motorcycles that require premium.:thumbsdown
It should not count in the context of the thread intent.
If, so, then why not pull in fuel prices from the Hawaiian Islands, Key West, Dutch Harbor or the North Slope and use those as normal examples.
I would expect that 90% or more of the vehicles represented by P&N members use non-premium gasoline for normal conditions.
werepossum
Elite Member
- Jul 10, 2006
- 29,873
- 463
- 126
Dave's premise - that high gas prices hurt the economy - is certainly valid, even if his numbers are skewed. I'm not sure there's much remaining to be said about it though. The President doesn't directly control gas prices, and while I'm all for opening areas like ANWR (at least within certain constraints), I doubt that any new President can do a lot to lower gas prices. Once oil suppliers learned that the world will buy oil at $80 to $100 with modest drops in demand, I doubt anyone can drop oil down to $15 to $30 again. Not until there's a fundamental breakthrough and/or transformation in energy production and use anyway. So while I don't think it's a troll thread, one could argue it's outlived its usefulness.
Personally I prefer threads to continue until they get offensive (mods' call) or people naturally stop posting, but I'll admit I have no strong feelings either way.
werepossum
Elite Member
- Jul 10, 2006
- 29,873
- 463
- 126
You have a point, but those other 10% burning premium take even more money out of the economy, proportionally. Especially since, motorcycles perhaps excepted (for instance, the BMW 850ST uses premium and gets over 60 MPG highway), these cars tend to use more fuel anyway. So if, say, 8% use premium fuel, they might well represent 12% of the money taken out of the economy. (Could be 5% as well; many vehicles using premium are probably low mileage second vehicles.)
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