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(CNBC)   Gas prices to increase 10 to 20 cents per gallon. Why? Because fark you, that's why   (cnbc.com) divider line 187
    More: Scary, sticker shock, distillates, vacation time, gas prices  
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11118 clicks; posted to Main » on 11 Jul 2013 at 5:31 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



187 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest
 
2013-07-10 09:10:44 PM  
Yep. That's pretty much why.
 
2013-07-10 09:16:08 PM  
Nothing's gonna stop us from buying gas, so they'd be stupid not to raise their prices.
 
2013-07-10 09:16:27 PM  
*supplyanddemand*squawk*supplyanddemand*squawk*
 
2013-07-10 09:23:25 PM  
EGYPT!

LIBYA!

OMG!
 
2013-07-10 09:43:52 PM  

Shostie: EGYPT!

LIBYA!

OMG!


More along the lines of CHINA! INDONESIA! and BRAZIL!
 
2013-07-10 09:53:07 PM  
i42.tinypic.com
 
2013-07-10 10:56:16 PM  
If only we produced enough oil domestically to not need imports, then prices would drop back to $.50 a gallon!
 
2013-07-10 11:22:32 PM  

MaudlinMutantMollusk: If only we produced enough oil domestically to not need imports, then prices would drop back to $.50 a gallon!


The great part about that argument is that the US is one of the largest exporters of gasoline.
 
2013-07-10 11:25:41 PM  

The Beatings Will Continue Until Morale Improves: MaudlinMutantMollusk: If only we produced enough oil domestically to not need imports, then prices would drop back to $.50 a gallon!

The great part about that argument is that the US is one of the largest exporters of gasoline.


Thank you
 
2013-07-10 11:47:21 PM  
It's already happened here.  Twice now, the moment gas drops below the $3.20 mark, there's a sudden jump back up.  Because something something refineries.
 
2013-07-11 12:00:10 AM  
That always seems to be the reason.
 
2013-07-11 12:02:08 AM  
Meh, random price fluctuations on an essential commodity in a market dominated by oligarchy vultures. Today, driving with an almost empty tank, I saw prices that varied between $3.34 and $3.42 at gas stations on the same road within about a mile. So, I filled up at one of the stations that was selling at the lowest price... so now I'm set for a couple of weeks until the next arbitrary price change.
 
2013-07-11 12:05:35 AM  
I'd absolutely love it if someone just went on TV and used that as the reason. In fact, I'd only purchase fuel at that company's stations from that point forward.At least that company would be honest.
 
2013-07-11 12:06:31 AM  
It's down about 75 cents a gallon from earlier this year. Who gives a flying f*ck if it goes up 10 or 20 cents?
 
2013-07-11 12:10:27 AM  

MaudlinMutantMollusk: The Beatings Will Continue Until Morale Improves: MaudlinMutantMollusk: If only we produced enough oil domestically to not need imports, then prices would drop back to $.50 a gallon!

The great part about that argument is that the US is one of the largest exporters of gasoline.

Thank you


Crude oil, or gasoline?  I thought what we exported wasn't fit for US consumption either way.
 
2013-07-11 12:13:31 AM  

Lsherm: MaudlinMutantMollusk: The Beatings Will Continue Until Morale Improves: MaudlinMutantMollusk: If only we produced enough oil domestically to not need imports, then prices would drop back to $.50 a gallon!

The great part about that argument is that the US is one of the largest exporters of gasoline.

Thank you

Crude oil, or gasoline?  I thought what we exported wasn't fit for US consumption either way.


So we've gone from "Drill, baby, drill" to "Our oil isn't good enough for us"?

/America, f*ck yeah
 
2013-07-11 12:21:07 AM  

ArkAngel: Shostie: EGYPT!

LIBYA!

OMG!

More along the lines of CHINA! INDONESIA! and BRAZIL!


More like some double chinned executive needs another golden toilet since his last one cracked
 
2013-07-11 12:29:21 AM  

MaudlinMutantMollusk: Lsherm: MaudlinMutantMollusk: The Beatings Will Continue Until Morale Improves: MaudlinMutantMollusk: If only we produced enough oil domestically to not need imports, then prices would drop back to $.50 a gallon!

The great part about that argument is that the US is one of the largest exporters of gasoline.

Thank you

Crude oil, or gasoline?  I thought what we exported wasn't fit for US consumption either way.

So we've gone from "Drill, baby, drill" to "Our oil isn't good enough for us"?

/America, f*ck yeah


You didn't answer the question.  I'd look it up, but I'm tired.  And the reason whatever the hell we're exporting isn't good enough for us is either because of environmental regulations or because it can't be turned into fuel, or a little of both if my memory serves correct.  You were the one who brought it up like we had stores of fuel we were shipping off to other countries.  We aren't shipping off stuff we can use here.
 
2013-07-11 12:31:51 AM  

Lsherm: MaudlinMutantMollusk: Lsherm: MaudlinMutantMollusk: The Beatings Will Continue Until Morale Improves: MaudlinMutantMollusk: If only we produced enough oil domestically to not need imports, then prices would drop back to $.50 a gallon!

The great part about that argument is that the US is one of the largest exporters of gasoline.

Thank you

Crude oil, or gasoline?  I thought what we exported wasn't fit for US consumption either way.

So we've gone from "Drill, baby, drill" to "Our oil isn't good enough for us"?

/America, f*ck yeah

You didn't answer the question.  I'd look it up, but I'm tired.  And the reason whatever the hell we're exporting isn't good enough for us is either because of environmental regulations or because it can't be turned into fuel, or a little of both if my memory serves correct.  You were the one who brought it up like we had stores of fuel we were shipping off to other countries.  We aren't shipping off stuff we can use here.


Prove it

/your Google works exactly the same as mine does
 
2013-07-11 01:15:30 AM  
prices around me had dropped almost a dollar in the last 3 weeks.  OK.
 
2013-07-11 01:18:34 AM  

reported: Meh, random price fluctuations on an essential commodity in a market dominated by oligarchy vultures. Today, driving with an almost empty tank, I saw prices that varied between $3.34 and $3.42 at gas stations on the same road within about a mile. So, I filled up at one of the stations that was selling at the lowest price... so now I'm set for a couple of weeks until the next arbitrary price change.


Without giving anything away, my wife works at a place that also sells gas. The general manager is supposed to look at the prices at nearby establishments and price gas for that day at two or three cents per gallon lower. What I'm saying is that some places, like this, don't even try to figure out what price will give them what return on investment. It's all about underselling the nearby competition. The profit is found in the non-gas sales at the same locations. It's something like movie theaters. They don't make any profit to speak of from ticket sales, so the have to make their profits from sales of candy, popcorn, drinks, etc.,, etc....
 
2013-07-11 01:38:14 AM  
God DAMN the man who taught Obama how to use a Gemini Pronto Changer Arm Double Suction Cup Assembly! You've destroyed America!
 
2013-07-11 04:39:30 AM  

BunkoSquad: Nothing's gonna stop us from buying gas, so they'd be stupid not to raise their prices.


Electric vehicles.
 
2013-07-11 05:32:26 AM  
It's gotta happen over the long term. Might as well start the shift with this generation..
 
2013-07-11 05:34:32 AM  
It's dangerous to be short on oil right now, so all the long players are driving prices up for the little guys at the pump.
 
2013-07-11 05:35:59 AM  
Because it just went down 40 cents?  at least here it did.

but the real reason is that the people who are fixing the prices already have set the new prices into motion.  The kicker is that they have not enough shame in their price fixing that they actually ALERT THE MEDIA that it is going to happen.

If your industry is fixing prices to the point that they issue press releases, PERHAPS an investigation is in order.
 
2013-07-11 05:36:40 AM  

BunkoSquad: Nothing's gonna stop us from buying gas, so they'd be stupid not to raise their prices.


When gas is above 3.50 I drive the cheaper to drive car.  I DO buy less gas.  I am not alone.
 
2013-07-11 05:40:18 AM  

Lsherm: MaudlinMutantMollusk: Lsherm: MaudlinMutantMollusk: The Beatings Will Continue Until Morale Improves: MaudlinMutantMollusk: If only we produced enough oil domestically to not need imports, then prices would drop back to $.50 a gallon!

The great part about that argument is that the US is one of the largest exporters of gasoline.

Thank you

Crude oil, or gasoline?  I thought what we exported wasn't fit for US consumption either way.

So we've gone from "Drill, baby, drill" to "Our oil isn't good enough for us"?

/America, f*ck yeah

You didn't answer the question.  I'd look it up, but I'm tired.  And the reason whatever the hell we're exporting isn't good enough for us is either because of environmental regulations or because it can't be turned into fuel, or a little of both if my memory serves correct.  You were the one who brought it up like we had stores of fuel we were shipping off to other countries.  We aren't shipping off stuff we can use here.


you might want to look that up.  I think it has more to do with transportation logistics.  but, hell if im looking it up.  :)

I doubt japan's cars like oil that is "not good enough for us" any better than ours do.
 
2013-07-11 05:40:35 AM  
http://www.brightsourceenergy.com/ivanpah-solar-project">http://www.b rightsourceenergy.com/ivanpah-solar-project

inneresting
 
2013-07-11 05:46:53 AM  
25.media.tumblr.com

/Been done
 
2013-07-11 05:49:15 AM  
I always get a kick out of people who use possessive pronouns with domestic gas/oil.


/drill baby drill!
 
2013-07-11 05:58:54 AM  
The dollar dropped to the lowest in almost three weeks against the euro after Federal Reserve Chairman Ben S. Bernanke said inflation and unemployment rates show the economy still requires monetary stimulus.
 Hmmmmm.
 
2013-07-11 06:01:28 AM  
The Lord is punishing this country, and we deserve it for how we live and who we elect.

It is going to get a lot worse before it gets better.
 
2013-07-11 06:04:00 AM  

phrawgh: The Lord is punishing this country, and we deserve it for how we live and who we elect.

It is going to get a lot worse before it gets better.


I know people that actually believe this.
 
2013-07-11 06:05:21 AM  

Speaker2Animals: It's down about 75 cents a gallon from earlier this year. Who gives a flying f*ck if it goes up 10 or 20 cents?


YOU are the type of consumer oil companies love.  Prices skyrocket to a $1.00 above norm, it's an outrage.  But if it's only 10 or 20 cents?  Meh, who gives a flying f*uck, it's still lower than it was, right?
 
2013-07-11 06:06:05 AM  

Abacus9: BunkoSquad: Nothing's gonna stop us from buying gas, so they'd be stupid not to raise their prices.

Electric vehicles.


The switch all electric vehicles can't happen soon enough.
 
2013-07-11 06:07:11 AM  
So, let's say somebody manages to arrange the impossible and gets everybody to not buy gas personal use for three days or so.

How would that affect things?
 
2013-07-11 06:08:41 AM  

Raw_fishFood: So, let's say somebody manages to arrange the impossible and gets everybody to not buy gas personal use for three days or so.

How would that affect things?


Any other market, prices would drop drastically. But gas prices would probably rise. They'll find any excuse.
 
2013-07-11 06:09:06 AM  

Raw_fishFood: So, let's say somebody manages to arrange the impossible and gets everybody to not buy gas personal use for three days or so.

How would that affect things?


It would ruin gas station owners who rely on the sale of snacks and soda, but do almost nothing to the oil industry itself.
 
2013-07-11 06:12:13 AM  

Raw_fishFood: So, let's say somebody manages to arrange the impossible and gets everybody to not buy gas personal use for three days or so.

How would that affect things?


You might put some local gas stations out of business, but it would mean fark all to the big oil companies.
 
2013-07-11 06:13:34 AM  

Abacus9: phrawgh: The Lord is punishing this country, and we deserve it for how we live and who we elect.

It is going to get a lot worse before it gets better.

I know people that actually believe this.


I know people who agree with that one congresscritter from MN who said we won't run out of anything because God won't allow it. They scare me more than the "we deserve it" crowd.
 
2013-07-11 06:20:38 AM  

BunkoSquad: Nothing's gonna stop us from buying gas, so they'd be stupid not to raise their prices.


Hello, fellow Illuminati. Thanks for recalling Slide Six on last month's Powerpoint presentation. Did you try the coconut shrimp?
 
2013-07-11 06:21:55 AM  

MechaPyx: Abacus9: BunkoSquad: Nothing's gonna stop us from buying gas, so they'd be stupid not to raise their prices.

Electric vehicles.

The switch all electric vehicles can't happen soon enough.


www.gadgets-weblog.com
The  Hammerhead Eagle i-Thrust

"This car was really shaping up to be something wonderful but then ... (with the sound of a dying motor in the background and music slowing down to a stop) ... although Tesla say it will do 200 miles we have worked out that on our track it will run out after just 55 miles and if it does run out it is not a quick job to charge it up again."


www.team-bhp.com
not the future
 
2013-07-11 06:24:05 AM  

MaudlinMutantMollusk: If only we produced enough oil domestically to not need imports, then prices would drop back to $.50 a gallon!


That'll do, Donkey. That'll do.
 
2013-07-11 06:27:49 AM  

Abacus9: phrawgh: The Lord is punishing this country, and we deserve it for how we live and who we elect.

It is going to get a lot worse before it gets better.

I know people that actually believe this.


I would have no hesitation in gouging such dupes into an impoverished, religious frenzy. It's what would make them happiest, so it's a win-win.
 
2013-07-11 06:28:24 AM  
We are down-sizing and just traded in two cars for a new VW Passat TDI so we now get 40 mpg - yea, diesel!

(Yeah, diesel is still a gas product but the mpg is so much better.)
 
2013-07-11 06:29:50 AM  

phrawgh: MechaPyx: Abacus9: BunkoSquad: Nothing's gonna stop us from buying gas, so they'd be stupid not to raise their prices.

Electric vehicles.

The switch all electric vehicles can't happen soon enough.


The  Hammerhead Eagle i-Thrust

"This car was really shaping up to be something wonderful but then ... (with the sound of a dying motor in the background and music slowing down to a stop) ... although Tesla say it will do 200 miles we have worked out that on our track it will run out after just 55 miles and if it does run out it is not a quick job to charge it up again."



not the future


Oh, you mean that debunked NYT review? I'll be waiting for your reluctant admission of derpitude.


/plans on buying electric MC next year
 
2013-07-11 06:35:36 AM  
Went up 5 cents per litre overnight here in NB, Canada
 
2013-07-11 06:40:11 AM  

LeoffDaGrate: Speaker2Animals: It's down about 75 cents a gallon from earlier this year. Who gives a flying f*ck if it goes up 10 or 20 cents?

YOU are the type of consumer oil companies love.  Prices skyrocket to a $1.00 above norm, it's an outrage.  But if it's only 10 or 20 cents?  Meh, who gives a flying f*uck, it's still lower than it was, right?


Boil that frog!

/$3.79 at the local Mega-Oil/ConvenienceStop place
 
2013-07-11 06:40:42 AM  
Need...more...money...
 
2013-07-11 06:41:43 AM  
If I had a precious commodity the entire world required, I would jack up prices as well. Daddy needs a new yacht.
/ExxonMobil gives exactly zero farks about your thoughts on high gas prices.
 
2013-07-11 06:42:51 AM  

Lsherm: You didn't answer the question.  I'd look it up, but I'm tired.  And the reason whatever the hell we're exporting isn't good enough for us is either because of environmental regulations or because it can't be turned into fuel, or a little of both if my memory serves correct.  You were the one who brought it up like we had stores of fuel we were shipping off to other countries.  We aren't shipping off stuff we can use here.


And yet... the US is going to approve Keystone XL, which is going to ship in bitumen oil from Alberta. It's like oil mixed with mud.

Even though I live in Canada, you;d be a lot better off not bringing it down, and just use more of your own oil.
 
2013-07-11 06:45:33 AM  

Spanky McStupid: We are down-sizing and just traded in two cars for a new VW Passat TDI so we now get 40 mpg - yea, diesel!

(Yeah, diesel is still a gas product but the mpg is so much better.)


Heck, my 11 year old prius does better than that on 87 octane gas: at least 50 cents per gallon cheaper.
 
2013-07-11 06:46:24 AM  
Why?  Because SHAREHOLDERS, that's why.

The most important people on the planet.
 
2013-07-11 06:53:13 AM  
Yeah, it has already started here.  Paid $2.97/gal last week, and yesterday I paid $3.06.

Of course a month ago I was paying about tree fiddy, so there's that.
 
2013-07-11 06:53:46 AM  

Mentat: It's already happened here.  Twice now, the moment gas drops below the $3.20 mark, there's a sudden jump back up.  Because something something refineries.


This is also happening here (Atlanta). Prices are ranging between 3.27 and 3.45. Any drops are immediately caught and limited.
 
2013-07-11 06:55:01 AM  

PreMortem: phrawgh: MechaPyx: Abacus9: BunkoSquad: Nothing's gonna stop us from buying gas, so they'd be stupid not to raise their prices.

Electric vehicles.

The switch all electric vehicles can't happen soon enough.


The  Hammerhead Eagle i-Thrust

"This car was really shaping up to be something wonderful but then ... (with the sound of a dying motor in the background and music slowing down to a stop) ... although Tesla say it will do 200 miles we have worked out that on our track it will run out after just 55 miles and if it does run out it is not a quick job to charge it up again."

not the future

Oh, you mean that debunked NYT review? I'll be waiting for your reluctant admission of derpitude.


/plans on buying electric MC next year


No, Top Gear drove the thing hard around their track.  Not indicative of normal use, however, I think they were pointing out perhaps that Tesla should put more emphasis on what conditions one would see a 200 mile range from a single charge.

/watch Top Gear, it's entertaining and you'll thank me, just be sure to leave your delicate sensibilities at the remote
 
2013-07-11 06:55:17 AM  
Let's see... 20 cents per gallon, and it usually takes 10 gallons for me to fill up my car. So that's... $2? ONCE EVERY WEEK?! Why, this is an absolute outrage!

No, no. I get it. Gas prices increase the cost of doing business and that has an effect on a lot of other things as well. I also understand that oil companies make outrageous profits. But even still, I think most people complaining about gas prices are the ones using more of it to power their inefficient modes of transportation, like an SUV. They're also typically the people who blame "Obama" (or even Bush, for that matter) and point the finger at those who really have nothing to do with the problem, while at the same time screaming about the need for tax cuts for big business which is really the root of the problem. So when I hear someone whining about the price of gas I need to fight the urge to judge them immediately and actually listen to their arguments because the default assessment is that they have no idea why they're upset.
 
2013-07-11 06:56:19 AM  
Also, old meme is old and tired.  Submitter should feel bad.
 
2013-07-11 06:59:06 AM  

BunkoSquad: Nothing's gonna stop us from buying gas, so they'd be stupid not to raise their prices.


Because we're so dependent on it, we have a pretty inelastic demand.  It's not perfectly inelastic though.
 
2013-07-11 07:00:11 AM  

Mr. Coffee Nerves: God DAMN the man who taught Obama how to use a Gemini Pronto Changer Arm Double Suction Cup Assembly! You've destroyed America!


So there's the piece that fell off the encabulator.
 
2013-07-11 07:00:35 AM  

fireclown: Spanky McStupid: We are down-sizing and just traded in two cars for a new VW Passat TDI so we now get 40 mpg - yea, diesel!

(Yeah, diesel is still a gas product but the mpg is so much better.)

Heck, my 11 year old prius does better than that on 87 octane gas: at least 50 cents per gallon cheaper.


We just upgraded to a 2012 Prius. Our average is about 54mpg when the hubby drives and about 50mpg when I drive. I have a bit of a lead foot.

I was comparing the price of a road trip to Ohio (13 hour drive) with a coworker. We fill up once each way. The total cost is about 150. My coworker has an Escalade and it costs more than double.
 
2013-07-11 07:04:52 AM  
If only we had elected Michelle Bachmann, we'd have $2 gas right now... Shame on you, America.

i2.cdn.turner.com
 
2013-07-11 07:12:20 AM  

MaudlinMutantMollusk: Lsherm: MaudlinMutantMollusk: The Beatings Will Continue Until Morale Improves: MaudlinMutantMollusk: If only we produced enough oil domestically to not need imports, then prices would drop back to $.50 a gallon!

The great part about that argument is that the US is one of the largest exporters of gasoline.

Thank you

Crude oil, or gasoline?  I thought what we exported wasn't fit for US consumption either way.

So we've gone from "Drill, baby, drill" to "Our oil isn't good enough for us"?

/America, f*ck yeah


Personally, I always liked that diesel costs more than gasoline.  Diesel is basically crude oil; not as much refining needed as gasoline.  Why does it cost more?  Because (other than fark you), diesel engines get better gas mileage and Mr. Towelhead needs another gold bathtub.  (nods toward Aar1020and my mother)
 
2013-07-11 07:12:22 AM  
In my state (Maryland) they are raising the gasoline taxes 4 cents per year for the next 3 years.

Meh. Drive less and buy more fuel efficient cars. Ride a bike or walk, fatty.
 
2013-07-11 07:17:06 AM  

Spanky McStupid: We are down-sizing and just traded in two cars for a new VW Passat TDI so we now get 40 mpg - yea, diesel!

(Yeah, diesel is still a gas product but the mpg is so much better.)


Wait, you only get 40 mpg on a diesel engine? That doesn't sound great. I get 38 on a standard unleaded engine and diesel is expensive.
 
2013-07-11 07:18:16 AM  

vernonFL: In my state (Maryland) they are raising the gasoline taxes 4 cents per year for the next 3 years.

Meh. Drive less and buy more fuel efficient cars. Ride a bike or walk, fatty.


We deserve it for constantly electing this idiots.
 
2013-07-11 07:20:04 AM  

MechaPyx: Abacus9: BunkoSquad: Nothing's gonna stop us from buying gas, so they'd be stupid not to raise their prices.

Electric vehicles.

The switch all electric vehicles can't happen soon enough.


Because electricity is free.
 
2013-07-11 07:21:08 AM  

Richard Saunders: MechaPyx: Abacus9: BunkoSquad: Nothing's gonna stop us from buying gas, so they'd be stupid not to raise their prices.

Electric vehicles.

The switch all electric vehicles can't happen soon enough.

Because electricity is free.


lulz
 
2013-07-11 07:21:48 AM  

I sound fat: Because it just went down 40 cents?  at least here it did.

but the real reason is that the people who are fixing the prices already have set the new prices into motion.  The kicker is that they have not enough shame in their price fixing that they actually ALERT THE MEDIA that it is going to happen.

If your industry is fixing prices to the point that they issue press releases, PERHAPS an investigation is in order.


Oh yeah...I'm sure an investigation would clear it all up. Who should conduct it, the government?
 
2013-07-11 07:28:35 AM  
Damn if this was 6 years ago we could just blame Bush. I remember he got blamed a lot for high gas prices, Barry not so much.
 
2013-07-11 07:30:04 AM  
Ooooops, forgot.

THANKS, OBAMA!
 
2013-07-11 07:30:28 AM  

GiantRex: If only we had elected Michelle Bachmann, we'd have $2 gas right now... Shame on you, America.

[i2.cdn.turner.com image 475x307]


Isn't that a three-dollar bill she's holding?
 
2013-07-11 07:32:06 AM  
i2.cdn.turner.com
"Marcus, honey? A man in the park stopped me and handed me this to give to you. He said you earned it for last week, he was on for next Wednesday, and to be sure to wear the sailor's outfit."
 
2013-07-11 07:33:32 AM  

Tat'dGreaser: Spanky McStupid: We are down-sizing and just traded in two cars for a new VW Passat TDI so we now get 40 mpg - yea, diesel!

(Yeah, diesel is still a gas product but the mpg is so much better.)

Wait, you only get 40 mpg on a diesel engine? That doesn't sound great. I get 38 on a standard unleaded engine and diesel is expensive.


I used to be able to get almost 60 on the highway in my old Jetta TDI.  Lighter car though.  Close to 800 mile range, which was the real benefit.  I hate the inconvenience of pumping fuel.  Arbitrary, I know.

Four tanks of fuel and time for an oil change.
 
2013-07-11 07:34:26 AM  

vernonFL: In my state (Maryland) they are raising the gasoline taxes 4 cents per year for the next 3 years.

Meh. Drive less and buy more fuel efficient cars. Ride a bike or walk, fatty.


Good luck with that, in my experience, once a tax is levied, even for a set duration, good luck in getting it repealed. PA has a great one on the books from 1936. Designed as an emergency tax to help the victims of the Johnstown flood, the Johnstown Flood Tax was a "temporary" 10% tax on alcohol. Not only was it never repealed, it was actually raised to 18% in 1968.
 
2013-07-11 07:35:57 AM  

Onkel Buck: Damn if this was 6 years ago we could just blame Bush. I remember he got blamed a lot for high gas prices, Barry not so much.


Tune into Fox News this morning, I'm sure President Obama will get plenty of the blame.  Of course, President Bush got blame because he started a war that destabilized the area where we get most of our oil.

Who is this "Barry" you speak of?  I hear derpy morons on Free Republic talking about this "Barry" all the time but I don't see it here often.
 
2013-07-11 07:36:33 AM  

Onkel Buck: Damn if this was 6 years ago we could just blame Bush. I remember he got blamed a lot for high gas prices, Barry not so much.


It's almost like Bush and his administration (and the right wing in general, for that matter) had rather extensive ties to oil corporations and the royal family of the largest oil exporter on the planet, while Obama doesn't.
 
2013-07-11 07:38:37 AM  

The Beatings Will Continue Until Morale Improves: MaudlinMutantMollusk: If only we produced enough oil domestically to not need imports, then prices would drop back to $.50 a gallon!

The great part about that argument is that the US is one of the largest exporters of gasoline.



Much of that gasoline is simply being exported back to Venezuela where the crude originated.  It's shipped to the US for refining then shipped back home as gasoline.
 
2013-07-11 07:39:59 AM  

LordJiro: Onkel Buck: Damn if this was 6 years ago we could just blame Bush. I remember he got blamed a lot for high gas prices, Barry not so much.

It's almost like Bush and his administration (and the right wing in general, for that matter) had rather extensive ties to oil corporations and the royal family of the largest oil exporter on the planet, while Obama doesn't.


Oh good lord dude
 
ows
2013-07-11 07:40:41 AM  
hello oil refinery, this is goldman sachs, go ahead and shut down, ok

but theres nothing wrong here, everythings fine

I know, just make something up, say your doing maintenance.

sound familiar??????????????
 
2013-07-11 07:41:32 AM  
Gas prices to increase 10 to 20 cents per gallon.

Or as we like to call it in Michigan: Monday.

/recently discovered that weekly 20-cent price jumps are not actually the norm elsewhere in the country
 
2013-07-11 07:43:20 AM  

Tat'dGreaser: LordJiro: Onkel Buck: Damn if this was 6 years ago we could just blame Bush. I remember he got blamed a lot for high gas prices, Barry not so much.

It's almost like Bush and his administration (and the right wing in general, for that matter) had rather extensive ties to oil corporations and the royal family of the largest oil exporter on the planet, while Obama doesn't.

Oh good lord dude


Not saying Obama doesn't have ties, but the ties were much deeper and stronger with Bush.

Obama seems to more or less let the oil corps do as they please. Bush actively helped them fark consumers over.
 
2013-07-11 07:43:56 AM  

Richard Saunders: MechaPyx: Abacus9: BunkoSquad: Nothing's gonna stop us from buying gas, so they'd be stupid not to raise their prices.

Electric vehicles.

The switch all electric vehicles can't happen soon enough.

Because electricity is free.


They're setting up a charging station for electric cars in Bathurst NB  and the municipal government is paying for the pwer,,,so it is free!
 
ows
2013-07-11 07:44:57 AM  
heres something positive I read the other day

"gas has been reaching a series of lower highs recently"
 
2013-07-11 07:46:37 AM  

LordJiro: Not saying Obama doesn't have ties, but the ties were much deeper and stronger with Bush.

Obama seems to more or less let the oil corps do as they please. Bush actively helped them fark consumers over.


Yet here we are still getting actively f*cked over, so what does that say?

Come on man, you gotta be crazy to think that Democrats aren't getting rich off this as well.
 
2013-07-11 07:47:17 AM  

WippitGuud: And yet... the US is going to approve Keystone XL, which is going to ship in bitumen oil from Alberta. It's like oil mixed with mud.

Even though I live in Canada, you;d be a lot better off not bringing it down, and just use more of your own oil.


We're not bringing it down here for us. We're bringing it down here so you guys can sell it to the Chinese and move it through our warm-water ports.

Because that's the best deal for us, apparently.
 
2013-07-11 07:50:51 AM  
1.bp.blogspot.com
 
2013-07-11 07:52:28 AM  
The answer is right there in the article............

FTFA:   peak driving season
 
2013-07-11 07:53:34 AM  
www.freeladders.com
 
2013-07-11 07:54:32 AM  

Strik3r: The answer is right there in the article............

FTFA:   peak driving season


Prices in NC went up almost 20 cents per gallon the week after July 4.  I figured the demand spike would have been that weekend.
 
2013-07-11 07:59:02 AM  

Cthulhu_is_my_homeboy: WippitGuud: And yet... the US is going to approve Keystone XL, which is going to ship in bitumen oil from Alberta. It's like oil mixed with mud.

Even though I live in Canada, you;d be a lot better off not bringing it down, and just use more of your own oil.

We're not bringing it down here for us. We're bringing it down here so you guys can sell it to the Chinese and move it through our warm-water ports.

Because that's the best deal for us, apparently.


It's not like that oil isn't already moving down to the Gulf and being shipped out already. They just ship it in the form of strings of tank cars on the rail lines between Illinois and Louisiana/Texas.

My inner conspiracy theorist thinks that maybe the derailment & explosion in Lac-Mégantic, QC might well have been sabotage, to convince the US that they need to approve the Keystone XL pipeline tout de suite. Not at all saying that's what happened, but I wouldn't put it past an oil man to do such a thing.
 
2013-07-11 08:01:47 AM  
Been driving my brother in law's Volt for the last week... He needed our SUV so we traded.

It is a nice car.  Interior is comfortable and stylish.  Electronics on board are very good.  In electric mode the car is reasonably fun to drive... acceleration is quick (lots of torque in electric motors).  Electric range is 35 miles or so (in 80+ degree humid southern weather with AC set to Auto 73).  This has proven more than enough to get me from home to work in back plus run some errands.  Charging via standard 120V household plug takes 10 hours or so... in other words plug in nightly.

Gas performance is meh.  Driving home from Asheville NC (through a mountain pass) wasn't anything to write home about.  No charge on board, so we were gas powered the whole way (I'm still confused as to how much the gas engine powers the wheels and how much goes towards electrical generation to power the electric motors).  Not particularly powerful nor engaging to drive, but it easily got the job done, was able to go at speed with traffic, etc.

On gas only mode we seemed to get around 40mpg... remember this is through mountains, so not bad.  Combined for the week we got around 85 mpg on gas / electric.  If I had just been driving around town (not counting the mountain miles and a few longer trips my wife took for her work) I would have used minimal or no gas.

Extended range hybrids are the future for a while.  They eliminate range anxiety but deliver an excellent electric-only commuter experience for many (I'd guess 75%) of daily driving needs.  Cost is clearly the issue right now, but batteries will keep getting better and less expensive, and as people warm up to the idea 2,3,or4 cylinder "range extender" engines will be commonplace and accepted.  Ford, Chevy, Toyota and Honda are already in the game.  BMW, MB, Cadillac, and Porsche will have models out this or next year.
 
2013-07-11 08:05:34 AM  

Day_Old_Dutchie: Why?  Because SHAREHOLDERS, that's why.

The most important people on the planet.


And don't you forget it, pleb.

/XOM stockholder because if you can't beat 'em, join 'em
 
2013-07-11 08:09:06 AM  

MaudlinMutantMollusk: If only we produced enough oil domestically to not need imports, then prices would drop back to $.50 a gallon!




No.

A large part of the price of oil is the cost to get it out of the ground. For for Venezuela to make any money off their hard to extract and refine crude oil needs to be in the $70-$80 per barrel range. Russian because of geography, infrastructure and climate costs needs it closer to the $90 dollar range to be profitable.

Fracking (A large part of US production now is also expensive and depending on location/geology you need it be anywhere from $40 to $80 plus range.

$10 a barrel oil like in the 80s-90s (essentially cheap Saudi crude) will kill US domestic and increase our dependence on imports. You cannot make any money if the cost to bring the oil to market is higher that for what it sells for.

Saudi Texas

www.aei-ideas.org
 
2013-07-11 08:10:32 AM  

vernonFL: In my state (Maryland) they are raising the gasoline taxes 4 cents per year for the next 3 years.

Meh. Drive less and buy more fuel efficient cars. Ride a bike or walk, fatty.


There should be a tax on pedestrians, the lazy moochers. Why should they get away with it?
 
2013-07-11 08:14:00 AM  
I thought prices jumped because of the 4th of July holiday weekend, but they're not going back down.  Damn.
 
2013-07-11 08:14:27 AM  
So let's get that pipeline installed so we can transport Canadian crude to Texas to be refined into lighter product and then exported outside the US

.....ohhh wait
 
2013-07-11 08:16:01 AM  

Mister Pleco: Ooooops, forgot.

THANKS, OBAMA!


Came in looking for that, leaving satisfied.
 
2013-07-11 08:20:35 AM  

IdBeCrazyIf: So let's get that pipeline installed so we can transport Canadian crude to Texas to be refined into lighter product and then exported outside the US

.....ohhh wait


Global Markets, how do they work?
 
2013-07-11 08:21:20 AM  
I'm going to make a smug comment bout how oil speculators ruin my life but I see others have beat me to it.
 
2013-07-11 08:21:43 AM  
Whatever, two years ago my wife an I sold the van and truck. We bought two used Civics (hers a hybrid). I figure gas will have to be $8 for us to spend what we were before. "Fark you" right back, gas companies.
 
2013-07-11 08:25:38 AM  
We pay $7.70 per US gallon in the UK for petrol, of which the vast majority is tax, and only 15% of that tax goes on maintaining the road network - fair it isn't.

Therefore I too couldn't give a flying wank with a ferret's paw about the price of "gasoline" in the US.  Unless you can start a successful revolution or build your own refinery in your own private country, you'll just have to bend over and take it up the Hershey highway like the rest of us - except you're getting it with a hot dog and we're getting it with a cucumber.  Stop snivelling already, start walking to the store and MTFU.
 
2013-07-11 08:26:49 AM  
i.imgur.com
 
2013-07-11 08:30:13 AM  

Deep Contact: The dollar dropped to the lowest in almost three weeks against the euro after Federal Reserve Chairman Ben S. Bernanke said inflation and unemployment rates show the economy still requires monetary stimulus.
 Hmmmmm.


You mean the euro and other currencies like oil?
 
2013-07-11 08:31:26 AM  

Richard Saunders: Because electricity is free.


Of course it isn't free.  But it can be created by a wide range of methods ranging from coal (dirtiest) to hydro (cleanest).  There ain't no free ride, but you have a little choice in who you pay.  And I'd much rather my money go to Des Moines than to Riyadh, all other things being equal.
 
2013-07-11 08:33:03 AM  

Tat'dGreaser


LordJiro: Not saying Obama doesn't have ties, but the ties were much deeper and stronger with Bush.

Obama seems to more or less let the oil corps do as they please. Bush actively helped them fark consumers over.

Yet here we are still getting actively f*cked over, so what does that say?


It says that Bush got the active-f*ck-over ball rolling and that Obama has not done anything to curb their active-f*cking-over.

Bush's was an error of commission. Obama's is an error of omission. Neither is cause for happyjoyjoy but I tend to think that commission is worse.
 
2013-07-11 08:34:05 AM  

LordJiro: Tat'dGreaser: LordJiro: Onkel Buck: Damn if this was 6 years ago we could just blame Bush. I remember he got blamed a lot for high gas prices, Barry not so much.

It's almost like Bush and his administration (and the right wing in general, for that matter) had rather extensive ties to oil corporations and the royal family of the largest oil exporter on the planet, while Obama doesn't.

Oh good lord dude

Not saying Obama doesn't have ties, but the ties were much deeper and stronger with Bush.

Obama seems to more or less let the oil corps do as they please. Bush actively helped them fark consumers over.


I'll second the "Oh Dear Lord dude". Your tinfoil/donkey hat is on wayyyyyyyy to tight, dude.
 
2013-07-11 08:35:43 AM  
But there is this nice lady on TV who keeps telling me that fracking will provide the US with all the oil and natural gas we want for 100 years at good prices and with no environmental damage.
 
2013-07-11 08:37:47 AM  

monoski: But there is this nice lady on TV who keeps telling me that fracking will provide the US with all the oil and natural gas we want for 100 years at good prices and with no environmental damage.


She has to be right, 'cos she used to be a celebrity in the 70s or 80s!
 
2013-07-11 08:39:12 AM  
My wife and I don't use gasoline, we drive all electric cars, because, frankly, we're better than you people.

I also don't own a TeeVee and I use a non-ironic rotary phone.

Pretty much King Sh*T of F*ck Island over here.

/good morning.
 
2013-07-11 08:39:24 AM  

knowless: Deep Contact: The dollar dropped to the lowest in almost three weeks against the euro after Federal Reserve Chairman Ben S. Bernanke said inflation and unemployment rates show the economy still requires monetary stimulus.
 Hmmmmm.

You mean the euro and other currencies like oil?


The dollar has dropped 0.7 percent in the past week, the worst performer of 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Indexes.
 
2013-07-11 08:40:31 AM  
How many eleventy billions in profit are they going to make this month?
 
2013-07-11 08:41:16 AM  

Raw_fishFood: So, let's say somebody manages to arrange the impossible and gets everybody to not buy gas personal use for three days or so.

How would that affect things?


It wouldn't. You just push the purchase back. you don't get rid of it entirely.
 
2013-07-11 08:41:26 AM  

I sound fat: Because it just went down 40 cents?  at least here it did.

but the real reason is that the people who are fixing the prices already have set the new prices into motion.  The kicker is that they have not enough shame in their price fixing that they actually ALERT THE MEDIA that it is going to happen.

If your industry is fixing prices to the point that they issue press releases, PERHAPS an investigation is in order.


They alert the media to insure everyone is on the same page and raises the price together.  That way they can claim supply-and-demand even though this is really price-fixing by an oligarchy (Don't you love the big word?  I had "consumer education" in high school).

In the '70s when we had the "Arab Oil Embargo" and oil skyrocketed, almost all oil was sold on long-term contracts.  Everybody rushed to get more of their oil on long-term contracts for stability's sake.  As time went by, the oil companies started to emphasize the spot price on oil (that's equivalent to the admission price you get from the guy on the sidewalk outside the arena), because if they can't sell every drop for the highest price they get throughout the year, they are "giving away" oil.  Does anyone know for sure if they dropped the idea of contracts, or if they just never mention the contracts to distract us from the illegal price fixing?
 
2013-07-11 08:44:11 AM  

Tat'dGreaser: Spanky McStupid: We are down-sizing and just traded in two cars for a new VW Passat TDI so we now get 40 mpg - yea, diesel!

(Yeah, diesel is still a gas product but the mpg is so much better.)

Wait, you only get 40 mpg on a diesel engine? That doesn't sound great. I get 38 on a standard unleaded engine and diesel is expensive.


Yeah, we're still in the break-in period.  I understand the VW improves mpg as you increase mileage.  My 2005 Acura TL was only getting 27 mpg so this is an improvement for us.
 
2013-07-11 08:48:27 AM  
Summer: More people are driving, so we need to increase prices because of demand

Winter: Less people are driving, so we need to increase prices to make up for loss.

CSB: Guy I worked with moved from GA to FL. Home insurance went up because 'he moved to a more expensive area' He moved back to the same city in GA and home insurance went up because 'he moved to a more expensive area'  . Later on he moved back to the same city he left in Fl and home insurance went up because 'he moved to a more expensive area' .
 
2013-07-11 08:54:43 AM  

Speaker2Animals: It's down about 75 cents a gallon from earlier this year. Who gives a flying f*ck if it goes up 10 or 20 cents?


That's the sprit. Oil companies love idiots like you. Hell, it was up .75? Make it *another* .30 on top of the .20! They're still saving!
 
2013-07-11 08:54:59 AM  

LeoffDaGrate: Speaker2Animals: It's down about 75 cents a gallon from earlier this year. Who gives a flying f*ck if it goes up 10 or 20 cents?

YOU are the type of consumer oil companies love.  Prices skyrocket to a $1.00 above norm, it's an outrage.  But if it's only 10 or 20 cents?  Meh, who gives a flying f*uck, it's still lower than it was, right?


You are the type of person who needs to get a bicycle and stop all the damn sniveling.
 
2013-07-11 08:56:01 AM  
There was that whole Egypt thing that seemed to drive the prices up for no real reason.... so they have something.
 
2013-07-11 08:57:44 AM  
Gas is so cheap in the USA you don't even have a damn clue how good you guys have it.

Enjoy it while it lasts cause it won't be much longer and you'll be paying over 5$ a US gallon like the rest of us.
 
2013-07-11 08:58:16 AM  

MythDragon: Summer: More people are driving, so we need to increase prices because of demand

Winter: Less people are driving, so we need to increase prices to make up for loss.


Except that's not what happens since, you know, gas prices actually fall back off after summer 'driving season'... but whatever.

If you want something that really DOES remain constant, American consumer stupidity should satisfy you though. We're back to Americans biatching about gas prices while simultaneously fueling demand for SUVs and pickups.

I'm sure all those sales are to builders and contractors though and I totally won't be seeing more idiots on their way to their office jobs barreling down the highway in immaculate F-150s with nobody in any seat but the driver's....
 
2013-07-11 08:58:49 AM  

Deep Contact: The dollar has dropped 0.7 percent in the past week, the worst performer of 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Indexes.


We're still the top currency by a large margin, that just reflects the over all slow down in growth due to idiotic policies from Washington. Hell even the top banks are starting to think this whole austerity thing was pretty stupid.

Joe Blowme: IdBeCrazyIf: So let's get that pipeline installed so we can transport Canadian crude to Texas to be refined into lighter product and then exported outside the US

.....ohhh wait

Global Markets, how do they work?


Well talk to your average Joe on the street and they have no clue, they think all that sweet sweet well thick nasty toxic Canadian crude that just recently ruined miles of wetland in Michigan is going to be our savoir. Just get that pipeline in and gas will be 1.50 again!

Which is a shame because these are the people who vote other idiots into office.
 
2013-07-11 09:00:08 AM  
NYMEX is close to Brent at last. Off the top of my head around 105.00 for the NYMEX and 108.00 for the Brent. NYMEX had been running around 15-18 dollars a barrel less for years. The global demand,hedge fund investments and market speculation are achieving parity. RBOB prices steadily rising. The trouble in Egypt and threats of supply interruption is just one more in a perpetual cycle of "OH LOOK, A BABY WOLF!" moments. Storm in the gulf - raise prices. Economy on the mend - raise prices. Bernanke announces stimulus will continue - raise prices.

I'm not fussing mind you. I would be more than a hypocrite if I biatched too much about prices at the pumps since my long-term investment strategy has yet to fail me being heavily divested in oil and energy stocks.
 
hej
2013-07-11 09:02:06 AM  
What's with the scary tag?  Are we really shatting our pants because a fill-up might go from costing $50 to $53?
 
2013-07-11 09:04:55 AM  
Isn't it just about time for the annual refinery fire?
 
2013-07-11 09:04:57 AM  

Red_Fox: Gas is so cheap in the USA you don't even have a damn clue how good you guys have it.

Enjoy it while it lasts cause it won't be much longer and you'll be paying over 5$ a US gallon like the rest of us.


The GAS is the same price.  The difference between the US and the UK is taxes.
 
2013-07-11 09:06:57 AM  

fireclown: The GAS is the same price.

The difference between the US and the UK is taxes. exchange rate because oil is traded on the dollar and taxes

There...fixed that

Let no one forget why we get cheap energy, but then again without our military protecting trade routes and ensuring the stability of global trade we'd all be farked.
 
2013-07-11 09:08:07 AM  

vernonFL: In my state (Maryland) they are raising the gasoline taxes 4 cents per year for the next 3 years.

Meh. Drive less and buy more fuel efficient cars. Ride a bike or walk, fatty.


WTF? A voice of reason in a fark gasoline price thread? You're not doin' it right.
 
2013-07-11 09:12:28 AM  
Yes, a 10 cent per gallon increase is terrible!!!!!!

If you fill up once a week on a 15 gallon tank, you're spending a WHOLE $1.50 MORE per week!  Oh the humanity!

//you'll complain about gas prices but continue to buy a $5 drink at Starbucks everyday, and waste $10 of your time waiting in line for that drink everyday.
 
2013-07-11 09:17:23 AM  

ElPresidente: We pay $7.70 per US gallon in the UK for petrol, of which the vast majority is tax, and only 15% of that tax goes on maintaining the road network - fair it isn't.

Therefore I too couldn't give a flying wank with a ferret's paw about the price of "gasoline" in the US.  Unless you can start a successful revolution or build your own refinery in your own private country, you'll just have to bend over and take it up the Hershey highway like the rest of us - except you're getting it with a hot dog and we're getting it with a cucumber.  Stop snivelling already, start walking to the store and MTFU.


Mayby that works in a country the size of mississippi but...
 
2013-07-11 09:18:53 AM  

fireclown: Red_Fox: Gas is so cheap in the USA you don't even have a damn clue how good you guys have it.

Enjoy it while it lasts cause it won't be much longer and you'll be paying over 5$ a US gallon like the rest of us.

The GAS is the same price.  The difference between the US and the UK is taxes.


Red_Fox: Gas is so cheap in the USA you don't even have a damn clue how good you guys have it.

Enjoy it while it lasts cause it won't be much longer and you'll be paying over 5$ a US gallon like the rest of us.


weak comparison is weak. true, but weak.

if historical trends continue, you european folks will STILL be paying much higher rates and STILL saying that we yanks are whining about nothing when we could be paying the much higher european prices.

when i left the midwest/southern usa in may 1998 to serve at ramstein, germany, i left behind under-$1/gal (had risen to about $0.90!) gas to find the germans were paying about double that, and our on-base and fuel coupon (for use at esso stations off-base) prices were about $1.25/gal. by the time i left there in 2002 on-base prices were well over $1.50, local economy prices were still about double, and back home the prices were about equally inflated to approx $1.25.

now, we're averaging $3.45/gal in texas, and i don't know the german prices but wherever you are it's "over $5/gal".

also, consider that the average european commute is MUCH shorter than the average suburban-dweller commute in the usa, so we, on average, use a lot more gas than europeans on a daily basis. this is our own fault, admittadly. i chose to buy a house that is over 20 miles one-way to work, but i make up for the gas costs in a lower mortgage and lower property taxes than i would have in a house within about 5 - 10 miles from work. plus, to get that much closer to work i either have a ton more stop & go traffic or a much higher crime rate.
 
2013-07-11 09:21:16 AM  

IdBeCrazyIf: fireclown: The GAS is the same price. The difference between the US and the UK is taxes. exchange rate because oil is traded on the dollar and taxes

There...fixed that

Let no one forget why we get cheap energy, but then again without our military protecting trade routes and ensuring the stability of global trade we'd all be farkedforced to manage without absurdly cheap energy, like the rest of the world does.



FTFY
 
2013-07-11 09:22:53 AM  
gas went up to 4.30 a gallon around Detroit in june.. i bet they were testing if it would cause riots before they gouged the entire country
 
2013-07-11 09:23:44 AM  

brobdiggy: Yes, a 10 cent per gallon increase is terrible!!!!!!

If you fill up once a week on a 15 gallon tank, you're spending a WHOLE $1.50 MORE per week!  Oh the humanity!

//you'll complain about gas prices but continue to buy a $5 drink at Starbucks everyday, and waste $10 of your time waiting in line for that drink everyday.



Bourgeois people like to snivel about the things they think make their incredibly privileged, spoiled, easy lives hard.
 
2013-07-11 09:24:28 AM  
 
2013-07-11 09:30:50 AM  

GiantRex: If only we had elected Michelle Bachmann, we'd have $2 gas right now... Shame on you, America.

[i2.cdn.turner.com image 475x307]


Damn, those are crazy eyes.
 
kab
2013-07-11 09:34:00 AM  
Americans spending less on everything else when gas goes up?   Because fark you, that's why.

Working exactly as intended.
 
2013-07-11 09:39:22 AM  

WippitGuud: And yet... the US is going to approve Keystone XL, which is going to ship in bitumen oil from Alberta. It's like oil mixed with mud. Even though I live in Canada, you;d be a lot better off not bringing it down, and just use more of your own oil.



You know this because you're in Canada. Here in America, a big enough portion of our citizenry lives in a propaganda-induced coma.

The Keystone XL was sold through the media and its public relations masters as a point of good old fashion American pride. It will create a bunch of jobs, like hundreds of thousands, or maybe even millions, but lots of jobs from job-creators definitely. And get this, even though the pipeline is really just a backdoor for Canada to ship its sludge out of a warm-water port, the pipeline is actually like the Hoover Dam. That's right, 'Merica.

But the best part of all, this really pissed off them liberals!
 
2013-07-11 09:39:55 AM  

Deep Contact: The dollar dropped to the lowest in almost three weeks against the euro after Federal Reserve Chairman Ben S. Bernanke said inflation and unemployment rates show the economy still requires monetary stimulus.
 Hmmmmm.


The FED said they're cutting back QE, and the dollar is strengthening, which tends to lower commodity prices.
 
2013-07-11 09:40:35 AM  

Lsherm: You didn't answer the question. I'd look it up, but I'm tired. And the reason whatever the hell we're exporting isn't good enough for us is either because of environmental regulations or because it can't be turned into fuel, or a little of both if my memory serves correct. You were the one who brought it up like we had stores of fuel we were shipping off to other countries. We aren't shipping off stuff we can use here.


He said gasoline, not oil.

We export gasoline.
 
2013-07-11 09:43:36 AM  

Dahnkster: NYMEX is close to Brent at last. Off the top of my head around 105.00 for the NYMEX and 108.00 for the Brent. NYMEX had been running around 15-18 dollars a barrel less for years. The global demand,hedge fund investments and market speculation are achieving parity. RBOB prices steadily rising. The trouble in Egypt and threats of supply interruption is just one more in a perpetual cycle of "OH LOOK, A BABY WOLF!" moments. Storm in the gulf - raise prices. Economy on the mend - raise prices. Bernanke announces stimulus will continue - raise prices.

I'm not fussing mind you. I would be more than a hypocrite if I biatched too much about prices at the pumps since my long-term investment strategy has yet to fail me being heavily divested in oil and energy stocks.


Would there be anything wrong with having a regulation that, if you want to speculate in a given commodity, you must have the infrastructure in place to take delivery of said commodity?
 
2013-07-11 09:50:15 AM  
And this gas price increase is totally expected, as oil is at a 14 month high.

2 months ago, in the Twin Cities, gas went up 40 cents over night to $4.20. Something about a refinery in the Chicago area.

It's $3.40 right now.
 
2013-07-11 09:51:41 AM  

MaudlinMutantMollusk: If only we produced enough oil domestically to not need imports, then prices would drop back to $.50 a gallon!

Then we can sell it to China and make a killing!

/FTFY
 
2013-07-11 09:56:41 AM  

UNC_Samurai


Would there be anything wrong with having a regulation that, if you want to speculate in a given commodity, you must have the infrastructure in place to take delivery of said commodity?


That has been mentioned, but for some reason it never goes anywhere. Probably because it would be bad for the speculators and would depress not hike prices and would in turn be bad for the oil companies.

The other issue might be regulation. If I have the facilities to hold N million barrels, can I still speculate on an N million barrel lot? Is anyone going to check that my facility is completely empty at the time? Can I speculate on and (N+1) million barrel lot? What about 2N?

I still think it's a good idea: requiring SOME minimal infrastructure would probably knock the majority of the speculators out of commission (heh) and maybe that's good enough.
 
2013-07-11 09:57:59 AM  
* on an (N+1)


maybe that will teach me to preview
 
2013-07-11 09:59:48 AM  

WinoRhino: Let's see... 20 cents per gallon, and it usually takes 10 gallons for me to fill up my car. So that's... $2? ONCE EVERY WEEK?! Why, this is an absolute outrage!

No, no. I get it. Gas prices increase the cost of doing business and that has an effect on a lot of other things as well. I also understand that oil companies make outrageous profits. But even still, I think most people complaining about gas prices are the ones using more of it to power their inefficient modes of transportation, like an SUV. They're also typically the people who blame "Obama" (or even Bush, for that matter) and point the finger at those who really have nothing to do with the problem, while at the same time screaming about the need for tax cuts for big business which is really the root of the problem. So when I hear someone whining about the price of gas I need to fight the urge to judge them immediately and actually listen to their arguments because the default assessment is that they have no idea why they're upset.


Except that they don't.
 
2013-07-11 10:07:20 AM  

jso2897: IdBeCrazyIf: fireclown: The GAS is the same price. The difference between the US and the UK is taxes. exchange rate because oil is traded on the dollar and taxes

There...fixed that

Let no one forget why we get cheap energy, but then again without our military protecting trade routes and ensuring the stability of global trade we'd all be farkedforced to manage without absurdly cheap energy, like the rest of the world does.


FTFY


There'd be less Golden Corralls then, and really if that would be the case then I have to ask you why do you hate Amurica
 
2013-07-11 10:32:50 AM  

fireclown: There ain't no free ride, but you have a little choice in who you pay.


Yeah. For now.
 
2013-07-11 10:33:07 AM  
i.qkme.me
 
2013-07-11 10:37:24 AM  
Oil Companies (last month): "Gas consumption is up, so prices must go up. It's that whole supply vs demand thing."

Oil Companies (this month): "Gas consumption is falling, we're no longer making as much money, so prices must go up. It's that whole supply vs dem.... No, wait... Can someone get Public Relations on the phone!"
 
2013-07-11 10:39:57 AM  

MaudlinMutantMollusk: Lsherm: MaudlinMutantMollusk: Lsherm: MaudlinMutantMollusk: The Beatings Will Continue Until Morale Improves: MaudlinMutantMollusk: If only we produced enough oil domestically to not need imports, then prices would drop back to $.50 a gallon!

The great part about that argument is that the US is one of the largest exporters of gasoline.

Thank you

Crude oil, or gasoline?  I thought what we exported wasn't fit for US consumption either way.

So we've gone from "Drill, baby, drill" to "Our oil isn't good enough for us"?

/America, f*ck yeah

You didn't answer the question.  I'd look it up, but I'm tired.  And the reason whatever the hell we're exporting isn't good enough for us is either because of environmental regulations or because it can't be turned into fuel, or a little of both if my memory serves correct.  You were the one who brought it up like we had stores of fuel we were shipping off to other countries.  We aren't shipping off stuff we can use here.

Prove it

/your Google

Bing works exactly the same as mine does

FTFY
 
2013-07-11 10:41:09 AM  
Chevy Volt, Nissan Leaf or Tesla if you got the cash
 
2013-07-11 10:44:27 AM  
The morning news in Tucson is reporting regular gas at less than $3.00/gallon on 07/04/13.  One station only but lots at $3.09/9.
 
2013-07-11 10:59:28 AM  

Strik3r: The answer is right there in the article............

FTFA:   peak driving season


Every season is peak driving season.
 
2013-07-11 10:59:50 AM  
RIP Obvious tag.
 
2013-07-11 11:02:42 AM  

JackieRabbit: Oil Companies (last month): "Gas consumption is up, so prices must go up. It's that whole supply vs demand thing."

Oil Companies (this month): "Gas consumption is falling, we're no longer making as much money, so prices must go up. It's that whole supply vs dem.... No, wait... Can someone get Public Relations on the phone!"


If it works I'd say it's a picture-perfect definition of supply and demand. Supply and demand doesn't mean you get to pay the price you want, it means they get to charge the price that you'll pay.

And apparently you'll pay 10 to 20 cents more per gallon because behaviors don't really start to change until prices breach about $4.

There is some inflexibility here, but even most of that is still the consumer's own fault. A lot of people biatch that they have "no choice" but to pay whatever the price is because it's not feasible to ditch a $40,000 SUV and move to the city, but somebody sure made the choice over the last twenty years to popularize McMansion development 30 miles from the nearest job center. Somebody sure made the choice to popularize the seven-passenger SUV and 4x4 pickup as a status symbol and fashion statement.

Americans biatching about these relatively minor gas prices is stupid. It's like whining about a swirly you gave yourself. If people don't want to keep getting screwed by gas prices they might want to quit actively trying to shove the damn pump nozzle even farther up their own asses.

/ my commute is 26 miles one-way, but at least I wasn't stupid enough to buy a truck to cover it
 
2013-07-11 11:05:10 AM  

ChipNASA: My wife and I don't use gasoline, we drive all electric cars, because, frankly, we're better than you people.

I also don't own a TeeVee and I use a non-ironic rotary phone.

Pretty much King Sh*T of F*ck Island over here.

/good morning.


Better hand in your right wing troll card then. I see Facebook memes all the time telling me how much of a loser I am because I don't drive a gigantic SUV to run "liberals" off the road with.

Seriously. There are losers, ignorant losers, who buy the biggest hunks of shiat they can and then proceed to brag about how much gas they use. Also known as Tea Party members.

I use less gas and can afford to by more guns. So, eh.
 
2013-07-11 11:20:46 AM  

LordJiro: Onkel Buck: Damn if this was 6 years ago we could just blame Bush. I remember he got blamed a lot for high gas prices, Barry not so much.

It's almost like Bush and his administration (and the right wing in general, for that matter) had rather extensive ties to oil corporations and the royal family of the largest oil exporter on the planet, while Obama doesn't.


Cant argue with a conspiracy theorist.
 
2013-07-11 11:38:24 AM  

NewportBarGuy: [Gas Price Chart]
-=-

The problem with that chart is it is assuming that the price of crude is directly connected/related to the price of gasoline.
The reality is the gas price can be anything they want it to be despite the cost of the crude.
Seriously, the price of gas shoots up very fast when the crude goes up, but drops very slowly when the crude goes down.
Big profits.
 
2013-07-11 11:41:29 AM  

Abacus9: BunkoSquad: Nothing's gonna stop us from buying gas, so they'd be stupid not to raise their prices.

Electric vehicles.


Higher taxes because you don't spend on gas
 
2013-07-11 11:45:03 AM  

Stoker: NewportBarGuy: [Gas Price Chart]
-=-
The problem with that chart is it is assuming that the price of crude is directly connected/related to the price of gasoline.
The reality is the gas price can be anything they want it to be despite the cost of the crude.
Seriously, the price of gas shoots up very fast when the crude goes up, but drops very slowly when the crude goes down.
Big profits.


growlersoftware.com
 
2013-07-11 11:53:03 AM  
I didn't realize gas sales are so low

growlersoftware.com

growlersoftware.com
 
2013-07-11 11:59:22 AM  
Value of dollar declines
Price of gasoline goes up

Why, it's like magic or something ...
 
2013-07-11 12:03:32 PM  

Clemkadidlefark: Value of dollar declines
Price of gasoline goes up

Why, it's like magic or something ...


The value of the dollar has been increasing lately.

Seriously, is finance and google this hard to figure out?
 
2013-07-11 12:08:15 PM  

Clemkadidlefark: Value of dollar declines
Price of gasoline goes up

Why, it's like magic or something ...


your math says you are not a Republican
 
2013-07-11 12:14:42 PM  

BunkoSquad: Nothing's gonna stop us from buying gas, so they'd be stupid not to raise their prices.


Well with that kind of thinking they should raise it 25 cents every week until people STOP buying it...

What price do you think you'd get to when you'd stop?

/Worse than a crack cocaine addiction... driving.
 
2013-07-11 12:29:12 PM  
Okay, so if you're finally through biatching about the gas price increase, then start using less gas. And start using less oil. And start using less of Link.  And take off that silly tinfoil hat.
 
2013-07-11 12:41:56 PM  

MaudlinMutantMollusk: Lsherm: MaudlinMutantMollusk: Lsherm: MaudlinMutantMollusk: The Beatings Will Continue Until Morale Improves: MaudlinMutantMollusk: If only we produced enough oil domestically to not need imports, then prices would drop back to $.50 a gallon!

The great part about that argument is that the US is one of the largest exporters of gasoline.

Thank you

Crude oil, or gasoline?  I thought what we exported wasn't fit for US consumption either way.

So we've gone from "Drill, baby, drill" to "Our oil isn't good enough for us"?

/America, f*ck yeah

You didn't answer the question.  I'd look it up, but I'm tired.  And the reason whatever the hell we're exporting isn't good enough for us is either because of environmental regulations or because it can't be turned into fuel, or a little of both if my memory serves correct.  You were the one who brought it up like we had stores of fuel we were shipping off to other countries.  We aren't shipping off stuff we can use here.

Prove it

/your Google works exactly the same as mine does


Since you started the exchange, how about you proving your original contention, Google-Master-san?
 
2013-07-11 12:42:28 PM  

ChipNASA: My wife and I don't use gasoline, we drive all electric cars, because, frankly, we're better than you people.

I also don't own a TeeVee and I use a non-ironic rotary phone.

Pretty much King Sh*T of F*ck Island over here.

/good morning.


you know, I really thought that you would get more mileage out of that one.  Over in yesterday's blood diamond thread, I about pissed myself laughing.  Today...not so much.

/maybe im just low on coffee
 
2013-07-11 12:49:09 PM  

The Beatings Will Continue Until Morale Improves: MaudlinMutantMollusk: If only we produced enough oil domestically to not need imports, then prices would drop back to $.50 a gallon!

The great part about that argument is that the US is one of the largest exporters of gasoline.


how farked up of a country do we live that that is the case?
 
2013-07-11 01:26:23 PM  

impaler: Deep Contact: The dollar dropped to the lowest in almost three weeks against the euro after Federal Reserve Chairman Ben S. Bernanke said inflation and unemployment rates show the economy still requires monetary stimulus.
 Hmmmmm.

The FED said they're cutting back QE, and the dollar is strengthening, which tends to lower commodity prices.


Bernake said that about the taper, the bond market crapped itself, and so he walked it back on Wednesday.

"[We have seen the] tightening of financial conditions," Bernanke added, and if those factors "jeopardize" the Fed's capacity to achieve its dual mandate, accommodation could persist "for the remained of this year and [into] next year."
 
2013-07-11 01:33:43 PM  

impaler: I didn't realize gas sales are so low

[growlersoftware.com image 850x335]

[growlersoftware.com image 850x343]


first graph is total gasoline retail sales by refiners in 1000 gal/day. it peaks around 65 million gal/day.
second graph is weekly US refiner and blende adjusted net production of finished motor gasoline. it peaks less than 10m bbl/day.  wait that is in barrels? *42 = 400m gal/day unless they are REALLY showing weekly numbers and calling it per day? gaahhhhhhhhhhhhhhhhhhhhhhhhhhh

my guess is that the label on the second graph is wrong - that it is actually in 1,000 bbl/week
 
2013-07-11 01:48:29 PM  

dsmith42: Bernake said that about the taper, the bond market crapped itself, and so he walked it back on Wednesday.


And oil is $104, the same as it was on Tuesday.
 
2013-07-11 01:55:11 PM  
FTA: "Gasoline was last above $3.65 per gallon in February, when it reached its highs for the year so far. Gasoline prices are now rising with the steep jump in the price of oil, which started moving higher on concerns about unrest in Egypt."

Not Supply. Not Demand. Speculation. What MIGHT farking happen. This is why the system is farked.
 
2013-07-11 02:09:46 PM  
Good.

Maybe people will start to see using a finite resource as fuel isn't the best long-term plan.
 
2013-07-11 02:23:10 PM  
I live in the dead center of North Central Indiana.  Gas goes up if there's turmoil in the middle east the very day such a thing happens.  Gas goes up if a storm goes through.  Gas goes up if a refinery in Louisiana has problems.  Gas goes up if my neighbor farts.

When I went to work this morning gas was 3.49.  I work 2 doors down from a gas station.  Not a single truck came in today to put any new or extra gas in the tanks but just before 11am gas jumped up to 3.79.  I get that prices jump by the 10's-20's-30's and fark me that's why, but how in the hell can the gas already in the tank in the ground jump that much?  IT'S NOT NEW GAS!
 
2013-07-11 02:28:13 PM  
You can't control how much gas is used to transport the goods you buy but you can control how much gas you personally purchase and use. Drive less. Stop buying stupidly inefficient vehicles. Ta da!
 
2013-07-11 02:52:57 PM  

skozlaw: MythDragon: Summer: More people are driving, so we need to increase prices because of demand

Winter: Less people are driving, so we need to increase prices to make up for loss.


Except that's not what happens since, you know, gas prices actually fall back off after summer 'driving season'... but whatever.

If you want something that really DOES remain constant, American consumer stupidity should satisfy you though. We're back to Americans biatching about gas prices while simultaneously fueling demand for SUVs and pickups.

I'm sure all those sales are to builders and contractors though and I totally won't be seeing more idiots on their way to their office jobs barreling down the highway in immaculate F-150s with nobody in any seat but the driver's....


Some people live in cities where there is heavy snowfall in the winter and without a 4WD vehicle it makes it damn near impossible to go anywhere, like say your job until the city clears the snow which can take awhile.
 
2013-07-11 03:45:32 PM  

phrawgh: The Lord is punishing this country, and we deserve it for how we live and who we elect.

It is going to get a lot worse before it gets better.


So, if we banned gay marriage and abortion, God would lower gas prices? I don't mean to sound like a selfish prick, but neither of those things affect me. Gas prices certainly do. If we can get the Big Guy to put that into writing (and I'm thinking of setting the price at around $1.00/gal., none of this $0.10 decrease bullshiat) well, then, sorry. The gays and the sluts are just going to have to take one for the team.
 
2013-07-11 03:50:31 PM  

WinoRhino: Let's see... 20 cents per gallon, and it usually takes 10 gallons for me to fill up my car. So that's... $2? ONCE EVERY WEEK?! Why, this is an absolute outrage!

No, no. I get it. Gas prices increase the cost of doing business and that has an effect on a lot of other things as well. I also understand that oil companies make outrageous profits. But even still, I think most people complaining about gas prices are the ones using more of it to power their inefficient modes of transportation, like an SUV. They're also typically the people who blame "Obama" (or even Bush, for that matter) and point the finger at those who really have nothing to do with the problem, while at the same time screaming about the need for tax cuts for big business which is really the root of the problem. So when I hear someone whining about the price of gas I need to fight the urge to judge them immediately and actually listen to their arguments because the default assessment is that they have no idea why they're upset.


Yeah.  The greater impact is as you say, the indirect cost of goods increasing.  That's really the only real point.

As much as I don't want to agree with you, as a Lincoln owner (which I actually kinda like a lot), it is very true about those who complain:  it's because we drive horrible cars for fuel mileage.  Whether that's because we're poor and stuck with what we have (bad credit, low income, etc.) or if it's because we're pretentious pricks who won't give up our luxury cars (probably me) it's only because of the vehicles we have decided to choose to drive.

That's why you won't hear me whining about it as far as putting gas in my tank...Even with a guzzler, I'm still a tiny amount of the fuel consumption and I have chosen my pain so it is my pain, and mine alone, to bear until I decide to do something different.

My next car will still be a Lincoln (or a Cadillac) but it will be a Hybrid this time...but only if there's some power in the engine.  Power's more important than fuel economy to me right now.
 
2013-07-11 04:33:14 PM  
Considering we dont get our oil from Egypt or Libya this is just a big fark you to the gas stations customers.
www.npr.org
 
2013-07-11 08:18:18 PM  

Dr J Zoidberg: Some people live in cities where there is heavy snowfall in the winter and without a 4WD vehicle it makes it damn near impossible to go anywhere, like say your job until the city clears the snow which can take awhile.


It wasn't snowing the last four years or something?
 
2013-07-11 09:48:42 PM  
SOMEDAY we will have people in Washington that will come up with a energy policy that makes sense, and the roller coaster gas prices and $4 a gallon every summer will stop.
 
2013-07-11 10:31:59 PM  

dabbletech: Okay, so if you're finally through biatching about the gas price increase, then start using less gas. And start using less oil. And start using less of Link.  And take off that silly tinfoil hat.


I'm sure they've cut back on this one:  Movie film

/what is an  Ice buckets ?
 
2013-07-11 10:36:14 PM  

namatad: impaler: I didn't realize gas sales are so low

[growlersoftware.com image 850x335]

[growlersoftware.com image 850x343]

first graph is total gasoline retail sales by refiners in 1000 gal/day. it peaks around 65 million gal/day.
second graph is weekly US refiner and blende adjusted net production of finished motor gasoline. it peaks less than 10m bbl/day.  wait that is in barrels? *42 = 400m gal/day unless they are REALLY showing weekly numbers and calling it per day? gaahhhhhhhhhhhhhhhhhhhhhhhhhhh

my guess is that the label on the second graph is wrong - that it is actually in 1,000 bbl/week


Maybe the second graph includes diesel and is mis-labeled as "motor gasoline" could be "motor fuel" instead?
 
2013-07-11 10:45:01 PM  

Lunchlady: Good.

Maybe people will start to see using a finite resource as fuel isn't the best long-term plan.


Look into helium also.

/I'm concerned about that one especially, basically because they have no way to re-create it.  With fuel, you can substitute other technology or coal.  With helium, we're just letting it all out to space with no replacement
 
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