GAS PRICES!

[Timothy]

About 80 miles north of me in central MA I paid $3.84 yesterday.

[Ping]

$3.89 here. Bout time to gouge us since the warmer weather is coming. 

[Conagher 45]

3.99 for 87 oct. North Central Indiana.

[MAUSERMAN]

Its $4.24 today. 

[Ping]

SOB!!! Went to $4.17 today. 

[Sponsor]

[BAC]

I heard today that the "experts" are predicting that the gas prices have just about peaked and that they won't reach the record levels we had when the evil Bush was President.

So I guess they're saying the prices aren't going to go up before the summer driving season.  This year is going to be different from every other year ever.

Who are these unnamed experts?  Can I get paid to make wild speculations, too?  I can also be wrong about the economy for a small amount of extra money.

[graywolf]

Woke up Monday morning to gas at $3.97, at 12:00 PM,  $4.17!  Going to a Tea Party organizing meeting tomorrow.  Enough is Enough!

[Rastus]

No sense at all in these gas prices.  The financial community is coming out all over the place in financial rags and websites saying that commodities exchange is legal, there is nothing wrong.  The cockroaches don't like the spotlight.

I sure wish we were getting more than about $75 a barrel for the oil my company is selling.

So, 42 gallons in a barrel for those who don't know and let's call it $4 a gallon so $160/bbl.  Now, refining and transpo (and mostly taxes, no kiddin'...mostly taxes) add to the cost but when oil was $45 a gallon we were paying about $1.85 or about $77 a barrel.  The difference between $77 and $45, oddly enough, is $32 a barrel whereas the diffence now between $160 and $110 is $50 a barrel.  The margin here has increased for somebody.

So...speculators are adding...let's say $25/bbl.  The margin has increased about $18/bbl or a whopping 56%. 

Also, since oil was at $125-$140 per barrel three years ago all of those store price increases because of the price of oil...they never went down did they?  Stores like those big time margins so up goes the prices on the cry of oil prices again.

All because somebody went beserk on Libya....so why are we not in Syria for the same reason?  Somebody is orchestrating this upheval in the middle east and northern Africa for their own benefit.....this time it is not the west or regional interests. 

[Pathfinder]

Here it's $3.60 at Sam's for the 87 octane w/10% ethanol (with a Sam's card of course!). Other stations closer to the freeway are charging $3.79 for the same stuff.

[PegLeg45]

No sense at all in these gas prices.  The financial community is coming out all over the place in financial rags and websites saying that commodities exchange is legal, there is nothing wrong.  The cockroaches don't like the spotlight.

I sure wish we were getting more than about $75 a barrel for the oil my company is selling.

So, 42 gallons in a barrel for those who don't know and let's call it $4 a gallon so $160/bbl.  Now, refining and transpo (and mostly taxes, no kiddin'...mostly taxes) add to the cost but when oil was $45 a gallon we were paying about $1.85 or about $77 a barrel.  The difference between $77 and $45, oddly enough, is $32 a barrel whereas the diffence now between $160 and $110 is $50 a barrel.  The margin here has increased for somebody.

So...speculators are adding...let's say $25/bbl.  The margin has increased about $18/bbl or a whopping 56%.  

Also, since oil was at $125-$140 per barrel three years ago all of those store price increases because of the price of oil...they never went down did they?  Stores like those big time margins so up goes the prices on the cry of oil prices again.

All because somebody went beserk on Libya....so why are we not in Syria for the same reason?  Somebody is orchestrating this upheval in the middle east and northern Africa for their own benefit.....this time it is not the west or regional interests.  

Absolutely, Rastus.

I was reading an article about this the other day. The last time gas was $3.60+ per gallon, oil was around $145 per barrel. A few weeks ago, I looked (and heard the commodities report on TV) that oil was at $112 per barrel, but gas was already at $3.60 per gallon.
They have finagled the margins after............. getting folks accustomed to paying the price.
The typical cycle of increase around here over the last few years is to jump the price $.20 over night....then in a few days drop by $.15 and folks flock to the pumps.....then wait a few days and jump the $.20 again...and then drop $.15.


*As a side note, I did also hear a local area report that gas demand had dropped 25% in our area over last years numbers. With the trickle down, and increase of prices for everything else related to fuel prices, we're seeing a lot less RV's, boats, and ATV's being towed compared to this time last year.........looks like folks in my neck of the woods have been squeezed to squealin'.