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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 (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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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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