Here we go again with the gas prices.

[QRTRHRS]

What is with gas prices again? Jeez', we went from cracking the 3.00 mark back up to 3.80 as of today in what? Maybe a four or five weeks? I don't know if it's the forced use of ethanol and a projected disaster for corn crops this year or the cow jumping over the moon or what? O'well, makes my plans to go on SS at the end of the year more viable because I will save 100 bucks a week not using gas. Probably have to start shooting the horses for meat though, lol!

 

[deerseeker001]

they don't need much of a excuse.i would think in a election year the prices of gas would be low so i don't like the presidents chances of re-election.

 

[newbury]

They don't put ethanol in diesel. That has jumped back up also by about 15 cents and up.
I got it at Walmart in Fulton for $3.44/gallon yesterday, surrounding stations were $3.58+.

And who controls the oil prices? Big Oil.

 

[Bob77064]

Ever notice that when oil goes down it takes a while and then gas might go down very slightly. When oil goes up, gas goes up immediately a bunch.

 

[lockhaven]

election year and oil prices have nothing to do with gas prices, the speculators are manipulating the price. You must look at the history of the price. Katrina was used to spike the gas price even tho it had zero effect on the actual gas production. After Katrina the prices fell but not nearly as much as they went up, it was discovered by the speculators that people were indeed willing to pay $2 per gallon. Then we have another spike and another partial drop. Each time it is the same up alot down a little, let the media cheer the drop and the masses actually think they are paying less. Crude goes up and coal and natural gas go up along with it. All the prices are artificial and are geared to the local economy, on my weekly trips between Maryland and North Central Pennsylvania the different areas gas prices are .30 per gallon different, not just 1 low station and 1 high station but all in a given area all in the same state. It is not the difference in state tax, all are in the same size towns all are on main routes. some are the same company. Big oil blames the speculators yet big oil is making record profits could it be that the speculators are big oil buying their own futures?

 

[newbury]

If you want to track prices and futures check:
Weekly Petroleum Status Report - Energy Information Administration

I just drove from Fulton, MS - diesel at Walmart $3.46, to Northern Virginia where prices are up to $4/gallon.

 

[vtsnowedin]

Crude oil (West Texas Intermediate WTI) was down to $77.69 per barrel the week of June 26th. Now it is at $91.39 which comes out to a difference of 33 cents per gallon. I don't expect my friendly oil supplier to absorb any of that cost. Whats driving day to day crude prices is a murky issue but I expect ever rising demand in China and India along with a reduced rate of them finding and bringing new oil supplies on line to have more to do with it long term then the speculators bubble of the week.

 

[Ductape]

Whats driving day to day crude prices is a murky issue but I expect ever rising demand in China and India

I have been hearing this too....... along with the fact that we are at 'peak oil' and the earth is running out...............






since what??? 1972 ??
Someone is getting rich, but it sure ain't me.

 

[Gale Hawkins]

It only goes down to $3 so we can fill our tanks except each time something else took my gas money.

 

[vtsnowedin]

The oil companies made a profit on $5 dollar oil and they are making a profit at $90 and 85 million barrels a day and they will make a profit on the very last well at $50,000 a barrel and 100 barrels a day. If you think you are being ripped off then buy less of it, walk to work or ride the bus and hoe your garden by hand.