WTF is up with gas prices?

[vossman]

Up from $3.07 a week and a half ago now it's $3.50. Who's screwing us now?

[blacklabel]

Same people I suppose.

[ChunkyMonkey]

Up from $3.07 a week and a half ago now it's $3.50. Who's screwing us now?

Capitalism!!!!

[Rooskibar03]

9 news trotted out the "plant shutdown to adjust for seasonal blends" excuse the other night.

[hghclsswhitetrsh]

Bush's fault. Sr and jr.

[mtnrider]

Unrest in (you fill in the plank countries). Venezuela, Ukraine, etc. Whether or not they have anything to do with the oil production it's an excuses to raise prices

[Firehaus]

It was .40 cents/ gallon cheaper in Kansas last week when I drove through.


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[SideShow Bob]

It was .40 cents/ gallon cheaper in Kansas last week when I drove through.


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It sure was........

[electronman1729]

Its me

[hurley842002]

Bush's fault. Sr and jr.

Nailed it!

[Great-Kazoo]

if we never went to unleaded, everyone could be scoring some of that drip gas in the patch.

[HoneyBadger]

Up from $3.07 a week and a half ago now it's $3.50. Who's screwing us now?


Same people I suppose.
Yep.

[ben4372]

That's not even 15%. Gas is still a relative bargain. I wouldn't push my truck 10 miles for $3.52.

[Aloha_Shooter]

Interesting how the media accuse the energy industry and administration of being in cahoots when it's a Republican administration but don't question anything when it's a Democrat in charge -- not do they place any blame on the environmentalists that drive all these stupidly different blends.

[vossman]

That's not even 15%. Gas is still a relative bargain. I wouldn't push my truck 10 miles for $3.52.

OPTIMIST!

[tmleadr03]

Trouble around the world in a few oil spots makes for prices to go up. It is what it is. Buy a prius if you need to save on fuel.

[kidicarus13]

Bush's fault. Sr and jr.

And Cheney!

[stevelkinevil]

you pay more in taxes then you do in oil company profits, ALOT more.

[Jamnanc]

Shipping problems because of weather up north short term. Long term is greenies taxing the shut out of it to make their alternatives seem affordable.

[ChunkyMonkey]

Whatever the reason is please don't be one of those folks who bitch about the gas price while sipping their $7 double shot expresso.

[blacklabel]

That's not even 15%. Gas is still a relative bargain. I wouldn't push my truck 10 miles for $3.52.

Don't tell the producers that we're using that logic. I'd pay a fair amount of money to not push jack 10 miles.

[roberth]

you pay more in taxes then you do in oil company profits, ALOT more.

True. The cost of 42 gallons (1 barrel) of Light Sweet Crude is $101.63, oil is down over a dollar a barrel this morning, if it gets back down to $93 a barrel then we'll see pricing around $3.20 a gallon again.

Colorado gets 22 cents per gallon of gas, FedGov gets 18 cents per gallon of gas for a total of 40 cents in taxes - http://www.coloradogasprices.com/USA_Tax_Map.aspx

http://www.bankrate.com/finance/auto/gas-money.aspx

http://online.wsj.com/news/articles/SB10000872396390443687504577563383982418536



Put this all together, and government makes far more from gas sales than all of the oil companies put together. Exxon, for example, made only seven cents per gallon of gasoline in 2011. That's a drop in the bucket compared to the nearly 50 cents per gallon that federal, state and local governments rake in on an average gallon of gas pumped in the U.S.


The government and the nature nazis use the media to proclaim that oil companies are screwing us over b/c the government doesn't want the average TVaholic citizen to know the truth about gasoline prices and who is actually screwing us.

[Bailey Guns]

I'm amazed how so many want to blame the oil companies and gas retailers for the cost of a gallon of gasoline when it's taxes and stupid governmental policy that accounts for a far higher percentage of the cost of fuel than profit.

[roberth]

I'm amazed how so many want to blame the oil companies and gas retailers for the cost of a gallon of gasoline when it's taxes and stupid governmental policy that accounts for a far higher percentage of the cost of fuel than profit.

Unfortunately I'm not amazed at all :(

The EPA has alot to do with it too, all their fees and fines for this and that, most of those costs are passed on to the consumer.

[Bailey Guns]

Exactly...that's part of what I meant by "stupid governmental policy".

[centrarchidae]

It's the neckbeards. They sell it on gasbroker.com.

Sent from my official Boy Scout signal mirror.

[Circuits]

It's the neckbeards - they drive mom's station wagon to the gas station and buy all the cheap gas up...

edit to add that's what I get for not reading all the way to page three before replying

[MED]

What gets me is the price of diesel. I remember when diesel was 62 cents a gallon, and it was always cheaper then gas except for the past 10-15 years. The low sulfur thing caused it to go up, but the price of diesel is absolutely ridiculous.

[Aloha_Shooter]

What gets me is the price of diesel. I remember when diesel was 62 cents a gallon, and it was always cheaper then gas except for the past 10-15 years. The low sulfur thing caused it to go up, but the price of diesel is absolutely ridiculous.

As I understand it, that's because diesel is a by-product of making gas or vice-versa. Years ago, the American market drove oil refinery consumption and the American automotive market outpaced diesel consumption. The rest of the world uses far more diesel so the supply-and-demand curve can be inverted quite easily.

[CO Hugh]

I wish a presidential candidate and political party made drilling and low energy costs a major issue: $1.0 a gallon gas!!!

Thank of the economic growth if it occurred.

[earplug]

Were exporting more refined fuel.

[roberth]

Were exporting more refined fuel.

http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MGFEXUS1&f=M

Who is buying it?

http://www.eia.gov/dnav/pet/PET_MOVE_EXPC_A_EPM0F_EEX_MBBL_M.htm

My google fu on Why - you're going to have to do some reading - I'm not some pretty boy airhead on TV

https://www.google.com/search?q=why+does+the+us+export+gasoline&rlz=1C1SAVI_enUS525US525&oq=why+does+the+us+export+&aqs=chrome.2.69i57j0l5.6414j0j4&sourceid=chrome&espv=210&es_sm=122&ie=UTF-8


Exports have been a nice outlet for U.S. refiners faced with declining demand in the U.S. because of more-efficient cars and stagnant driving habits. Refiners also don’t have to blend pricey ethanol into the fuel they export, as they do in the U.S. This has all led to what Gheit calls a “double whammy” of more expensive gas for U.S consumers. “The benefits of cheap U.S. energy are being exported overseas,” he says.

Thank the EPA and other assorted idiots for that ethanol crap that ruins our motors costing us even more money.
(https://www.google.com/search?q=why+does+the+us+export+gasoline&rlz=1C1SAVI_enUS525US525&oq=why+does+the+us+export+&aqs=chrome.2.69i57j0l5.6414j0j4&sourceid=chrome&espv=210&es_sm=122&ie=UTF-8)

[Blockhead]

Violence in Ukraine, Southern Sudan, and Venezuela - all oil exporters.

[MrPrena]

Great..... I just bought a car which has 17/20 MPG, and gas price is soaring.....

[Rant2] <--- ranting at the gas station

[Flower] <---- driving the vehicle

[Bailey Guns]

I wish a presidential candidate and political party made drilling and low energy costs a major issue: $1.0 a gallon gas!!!

Thank of the economic growth if it occurred.

From the GOP Platform:


Domestic Energy Independence: An “All of the Above” Energy Policy

The Republican Party is committed to domestic energy independence. The United States and its neighbors to the North and South have been blessed with abundant energy resources, tapped and untapped, traditional and alternative, that are among the largest and most valuable on earth. Advancing technology has given us a more accurate understanding of the nation’s enormous reserves that are ours for the development. The role of public officials must be to encourage responsible development across the board. Unlike the current Administration, we will not pick winners and losers in the energy marketplace. Instead, we will let the free market and the public’s preferences determine the industry outcomes. In assessing the various sources of potential energy, Republicans advocate an all-of-the-above diversified approach, taking advantage of all our American God-given resources. That is the best way to advance North American energy independence.

Our policies aim at energy security to ensure an affordable, stable, and reliable energy supply for all parts of the country and all sectors of the economy. Energy security is intimately linked to national security both in terms of our current dependence upon foreign supplies and because some of the hundreds of billions of dollars we pay for foreign oil ends up in the hands of terrorist groups that wish to harm us. A growing, prosperous economy and our standard of living and quality of life, moreover, depend on affordable and abundant domestic energy supplies.

A strong and stable energy sector is a job generator and a catalyst of economic growth, not only in the labor-intensive energy industry but also in its secondary markets. The Republican Party will encourage and ensure diversified domestic sources of energy, from research and development, exploration, production, transportation, transmission, and consumption in a way that is economically viable and job-producing, as well as environmentally sound. When our energy industry is revitalized, millions more Americans will find work in manufacturing, food production, metals, minerals, packaging, transportation and other fields – because of the jobs that will be created in, and as a result of, the energy sector. We are determined to create jobs, spur economic growth, lower energy prices, and strengthen our energy industry.


Our Nation’s Energy Abundance

Coal is a low-cost and abundant energy source with hundreds of years of supply. We look toward the private sector’s development of new, state-of-the-art coal-fired plants that will be low-cost, environmentally responsible, and efficient. We also encourage research and development of advanced technologies in this sector, including coal-to-liquid, coal gasification, and related technologies for enhanced oil recovery.

The current Administration – with a President who publicly threatened to bankrupt anyone who builds a coal-powered plant – seems determined to shut down coal production in the United States, even though there is no cost-effective substitute for it or for the hundreds of thousands of jobs that go with it as the nation’s largest source of electricity generation. We will end the EPA’s war on coal and encourage the increased safe development in all regions of the nation’s coal resources, the jobs it produces, and the affordable, reliable energy that it provides for America. Further, we oppose any and all cap and trade legislation.

All estimates of America’s oil and natural gas reserves indicate an incredible bounty for the use of many generations to come. At a time when unemployment has been above 8 percent for 42 consecutive months, the longest stretch since the Great Depression, and some 23 million Americans are either unemployed, underemployed, or have given up on finding work, we should be pursuing our oil and gas resources both on and offshore. It is nonsensical to spurn real job creation by putting almost all of our coastal waters off limits to energy exploration, while urging other nations to explore their coasts. We call for a reasoned approach to all offshore energy development on the East Coast and other appropriate waters, and support the right of States to a reasonable share of the resulting revenue and royalties. We support opening the Outer Continental Shelf (OCS) for energy exploration and development and ending the current Administration’s moratorium on permitting; opening the coastal plain of the Arctic National Wildlife Refuge (ANWR) for exploration and production of oil and natural gas; and allowing for more oil and natural gas exploration on federally owned and controlled land. We support this development in accordance with applicable environmental, health and safety laws, and regulations.

The current President personally blocked one of the most important energy and jobs projects in years. The Keystone XL Pipeline – which would have brought much needed Canadian and American oil to U.S. refineries – would create thousands of jobs. The current President’s job-killing combination of extremism and ineptitude threatens to create a permanent energy shortage. We are committed to approving the Keystone XL Pipeline and to streamlining permitting for the development of other oil and natural gas pipelines. Nuclear energy, now generating about 20 percent of our electricity through 104 power plants, must be expanded. No new nuclear generating plants have been licensed and constructed for thirty years. We call for timely processing of new reactor applications currently pending at the Nuclear Regulatory Commission.

The federal government’s failure to address the storage and disposal of spent nuclear fuel has left huge bills for States and taxpayers. Our country needs a more proactive approach to managing spent nuclear fuel, including through developing advanced reprocessing technologies.

We encourage the cost-effective development of renewable energy, but the taxpayers should not serve as venture capitalists for risky endeavors. It is important to create a pathway toward a market-based approach for renewable energy sources and to aggressively develop alternative sources for electricity generation such as wind, hydro, solar, biomass, geothermal, and tidal energy. Partnerships between traditional energy industries and emerging renewable industries can be a central component in meeting the nation’s long-term needs. Alternative forms of energy are part of our action agenda to power the homes and workplaces of the nation.

[sniper7]

So if 36 goes private, we should see a drastic reduction in the tax on our gas right?......right?

[earplug]

As the dollar decreases in value, more fuel will be exported from the USA.

[roberth]

As the dollar decreases in value, more fuel will be exported from the USA.

Could you explain that for us?

[earplug]

The price for items produced in the USA will cost less if bought with another currency that is stronger or not pegged to the dollar.
It like the good times in Europe or Asia when the dollar was strong and we could buy stuff that was cheap.
Government frequently devalue their currency to encourage export sales, or pay off debit. This is one of the on going disputes globally. The citizens ended up losing.

[roberth]

Thank you.

[mightiestmouse]

Correct me if I'm wrong, but oil is a tricky commodity and can be exported cheaply IF the currency of the receiving country is stronger than the dollar since the price of oil is quoted strictly in US dollars. Nixon was the reason for this when he removed the Bretton Woods system in 1971. This is also one of the reasons why the US dollar does not have crazy inflation even though we inject large sums of money into the system with QE. By tying the dollar to crude, it effectively became the world reserve currency as countries have to hold it in order to buy crude (yes there are exceptions to this). Also, while coal is our largest electrical power source, it will be surpassed by natural gas within a short period of time due to how cheap it can be produced through fracking. While I am all for coal production in the US, it is turning into an export resource (http://www.eia.gov/totalenergy/data/monthly/pdf/sec6_3.pdf). I would like to see the expansion of port facilities and infrastructure that would allow coal to get to the coast, but this has been blocked due to environmental regulations. I would also like to add something to the energy policy from above: while coal power plants are important to our energy resource, it takes YEARS to get a new one up an running. As of now, upgrading capacity or converting a plant to gas power is the best alternative for the short term energy demand expansion in the US.

[earplug]

Many large nations have made currency swap agreements so they can trade without the dollar.
China, Russia, Brazil, India etc.
Read PETRODOLLAR WARFARE and THE CREATURE FROM JEKYLL ISLAND for some different prospective on the problems we face.

[Big E3]

I think the U.S. oil companies are pushing gas price up to force the issue of gas prices to the headlines. The president is getting ready to make a decision on the Keystone pipe line and big oil wants to tie any failure to approve to a direct increase in gas prices causing a public outcry. The people will see the president as standing in the way of lower prices. Of course this all is dependent on the public being smart enough to see the correlation between the two, I personally don't have much faith in that occurring.

[vossman]

Up another $.10 since Monday. I need to go buy me some lube if this continues.

[BigBear]

Up another $.10 since Monday. I need to go buy me some lube if this continues.


Yeah, I commute every day and am already in financial straits...

[centrarchidae]

The price for items produced in the USA will cost less if bought with another currency that is stronger or not pegged to the dollar.
It like the good times in Europe or Asia when the dollar was strong and we could buy stuff that was cheap.

The problem is, the post-Greenspan dollar is weak, but the Euro is weaker and the accounting behind the Chinese yuan is a deceptive cluster love that makes Enron or the Fed look transparent and credible.

We, meaning the USA, may have lost some of our shine, but we're still the fastest retard in the Special Olympics.



Sent from my truck's brake lights.

[HoneyBadger]

Yeah, I commute every day and am already in financial straits...

My commute is 50-60 minutes each way, depending on traffic. This hurts, but it's not killer. When I lived in California in 2011, gas was regularly over $4/gal. When you only get 12mpg, that sucks a big one.

[roberth]

Get ready for higher pump prices. Oil is at $105 a barrel. I wonder if the Ukraine thing is prompting the EU to increase their reserves.

[spqrzilla]

We also import some from Venezuela that has also been in the news ..

[MrPrena]

I was just watching CNBC while reading this......


http://i58.tinypic.com/hx7x4h.jpg

[roberth]

I bought gas on February 28 for $3.54 a gallon, today I drive by and it is $3.82 a gallon. WOW!!

[sniper7]

got it for $3.29 today. but most places are about $3.40. I need a motorcycle...

[USMC_5-Echo]

got it for $3.29 today. but most places are about $3.40. I need a motorcycle...

I concur! Even though I just came from Hawaii where gas was $4.25, I am kinda shocked at the jump lately.

[MrPrena]

I need the gas price to go back down to $1.99/gal.

http://i57.tinypic.com/2el3te0.jpg