Gasoline Prices Up & Down Like a Yo-Yo

[Western]

Did y'all catch World News last night? The head guy that "regulates" the trading on Wall st. is trying to "rein" in the speculators in the fuel market. He claims the average consumer that fills up his fuel tank, $15 of it goes in the speculators pocket.

 

[super55]

Yeah I saw that too. It's interesting in 2008 oil prices were nearly at 150 a barrel at its peak and gas prices were at about $ 4.15 for the national average. Right now oil is about 108 and the nat. average right now is about 3.65. I can assure you that if oil gets back up to the 150 barrel mark we will be paying way more than the 4.15 we did in '08.

Really hope those wall street traders go and run this bull market right off the cliff again like they did in the fall of 08 just hope they don't take the economy with it.

I think domestically extracted oil from federal land should be set at an established pre-set rate instead of being played out daily on wall street with having us to suffer. After all we as taxpayers own that resource we shouldn't have to suffer the consequences of it being played on a global market and speculation. I'm usually into government regulation but Oil prices don't seem to follow the theory of supply and demand.

 

[rsewill]

I remember when the Bakken formation in ND was just being fully assessed. Some politicians were talking about having the state extract and refine the oil and use the profits to benefit the citizens of ND. Obviously in a Republican state that went nowhere. But the state really should take a big cut like Alaska does.

 

[jonyyuma]

Our best price today was $3.47 a gallon...I really like being POKED, everytime i need fuel..

 

[IH3444]

TRIPLETT: Red dragon in North American oil patch - Washington Times

 

[ultrarunner]

Paid $4.59 on the way home tonight... some stations here in CA are pushing $5 with a few in the news over $5...

Brother's Father-in-Law sent me a coupon for a gallon of gas... when I clicked to open the attachement it was a picture of a $5 bill...

 

[rsewill]

Brother's Father-in-Law sent me a coupon for a gallon of gas... when I clicked to open the attachement it was a picture of a $5 bill...

Maybe that coupon is multiuse! If so, please send it my way.

 

[Western]

Just wait until the fuel prices trickle down to all the commodities we buy, then we will see if the conversation changes in DC.

 

[EddieWalker]

Just wait until the fuel prices trickle down to all the commodities we buy, then we will see if the conversation changes in DC.

Get rid of all of them, put in term limits, eliminate pork and revoke their healthcare!!!!!!

Eddie

 

[scoutcub]

Get rid of all of them, put in term limits, eliminate pork and revoke their healthcare!!!!!!

Eddie

That would be a great start.....:thumbsup: