Do you have adblock enabled?
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(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  
•       •       •

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

First | « | 1 | 2 | 3 | 4 | » | Last | Show all
 
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?
 
Displayed 50 of 187 comments

First | « | 1 | 2 | 3 | 4 | » | Last | Show all

View Voting Results: Smartest and Funniest


This thread is closed to new comments.

Continue Farking
Submit a Link »
Advertisement
On Twitter





In Other Media


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report