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(Herald Tribune (SW Florida))   Gas prices have been rising for the past week on news that Subby's on vacation   (heraldtribune.com) divider line 15
    More: Obvious, barrels of oil, electronic trading, holidays  
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288 clicks; posted to Business » on 16 Jul 2013 at 9:59 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



15 Comments   (+0 »)
   
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2013-07-16 10:01:04 AM
Thanks, 0bamph.
 
2013-07-16 10:06:24 AM
I noticed yesterday that gas had gone from $2.99 on Friday to $3.34 yesterday afternoon. That's quite a swing over the weekend.
I'm fairly sure most of the crap they spew about supplies, or low refining capacity, etc are just that....crap. They figured out that people will pay somewhere between $3 and $4 and not biatch about it too much, so that's where prices are going to stay no matter how much crude is drilled and refined.
 
2013-07-16 10:09:52 AM

buzzcut73: I noticed yesterday that gas had gone from $2.99 on Friday to $3.34 yesterday afternoon. That's quite a swing over the weekend.
I'm fairly sure most of the crap they spew about supplies, or low refining capacity, etc are just that....crap. They figured out that people will pay somewhere between $3 and $4 and not biatch about it too much, so that's where prices are going to stay no matter how much crude is drilled and refined.


Yeah yesterday I noticed near me gas went up about 20 cents since friday. Glad I filled up thursday. Wish work was closer to home though.
 
2013-07-16 10:11:37 AM
Prices are rising because traders are "uneasy" about the middle east. I'd hate to see what would happen if they were "extremely frightened" about something.
 
2013-07-16 10:32:13 AM
 ·   Top Commenter ·
Face Fact Folks...Obama hates fossil fuels and as long as he is at the helm we are screwed with high gas prices...In 2008 the price of a gallon of gas was $1.89....Thanks Obama...Can you do anything right?


Well I knew he hated farming.  And fishing.  So it makes sense he hates fossil fuels.
 
2013-07-16 10:37:45 AM

AliceBToklasLives: ·   Top Commenter ·
Face Fact Folks...Obama hates fossil fuels and as long as he is at the helm we are screwed with high gas prices...In 2008 the price of a gallon of gas was $1.89....Thanks Obama...Can you do anything right?

Well I knew he hated farming.  And fishing.  So it makes sense he hates fossil fuels.


HE HATES F-WORDS!

LET'S GET OUT OF HERE, GUYS!
 
2013-07-16 11:01:11 AM

Pick: Prices are rising because traders are "uneasy" about the middle east. I'd hate to see what would happen if they were "extremely frightened" about something.


Actually, they'd sell it all. Take the money and run.

When oil speculators are "uneasy" what that really means is that they think they all wound up on the same page and can jack oil prices up for no good reason then leave some wanna-be day trading sucker holding the bag.

Speculation on commodities is retarded. You should either have to buy the commodity or not. If you purchase 50,000 bbl of oil with the intention of selling it to someone else for a profit you should have to actually store, sell and ship 50,000 bbl of oil.
 
2013-07-16 11:10:18 AM

skozlaw: Pick: Prices are rising because traders are "uneasy" about the middle east. I'd hate to see what would happen if they were "extremely frightened" about something.

Actually, they'd sell it all. Take the money and run.

When oil speculators are "uneasy" what that really means is that they think they all wound up on the same page and can jack oil prices up for no good reason then leave some wanna-be day trading sucker holding the bag.

Speculation on commodities is retarded. You should either have to buy the commodity or not. If you purchase 50,000 bbl of oil with the intention of selling it to someone else for a profit you should have to actually store, sell and ship 50,000 bbl of oil.


This
 
2013-07-16 11:15:14 AM
So in other words, a day ending in "y"

/or a fear or fart in some Middle Eastern country
 
2013-07-16 11:24:20 AM

Pick: Prices are rising because traders are "uneasy" about the middle east. I'd hate to see what would happen if they were "extremely frightened" about something.


Imagine if the conflicts were in two countries that actually produce oil.
 
2013-07-16 11:28:37 AM

AliceBToklasLives: ·   Top Commenter ·
Face Fact Folks...Obama hates fossil fuels and as long as he is at the helm we are screwed with high gas prices...In 2008 the price of a gallon of gas was $1.89....Thanks Obama...Can you do anything right?

Well I knew he hated farming.  And fishing.  So it makes sense he hates fossil fuels.


Another Bush-style worldwide crash will give us 1.89 gas again.
 
2013-07-16 12:33:13 PM

wooden_badger: AliceBToklasLives: ·   Top Commenter ·
Face Fact Folks...Obama hates fossil fuels and as long as he is at the helm we are screwed with high gas prices...In 2008 the price of a gallon of gas was $1.89....Thanks Obama...Can you do anything right?

Well I knew he hated farming.  And fishing.  So it makes sense he hates fossil fuels.

Another Bush-style worldwide crash will give us 1.89 gas again.


Does anyone remember how much gas increased when Bush first got into office.  All I remember was the last time I filled up with gas in 2003 (before I left the country for a long time) was $60 for 10 gallons.  When Bill was in office the same tank full of gas cost me $20.
 
2013-07-16 12:53:41 PM
Prices here went from $3.19/gallon to $3.79 in less that 10 days. WTF?

Thinking more and more about buying a Nissan Leaf.
 
2013-07-16 09:50:26 PM

skozlaw: Pick: Prices are rising because traders are "uneasy" about the middle east. I'd hate to see what would happen if they were "extremely frightened" about something.

Actually, they'd sell it all. Take the money and run.

When oil speculators are "uneasy" what that really means is that they think they all wound up on the same page and can jack oil prices up for no good reason then leave some wanna-be day trading sucker holding the bag.

Speculation on commodities is retarded. You should either have to buy the commodity or not. If you purchase 50,000 bbl of oil with the intention of selling it to someone else for a profit you should have to actually store, sell and ship 50,000 bbl of oil.


Was oil priced by speculators like this in the 1970s?

I remember there were big jumps in prices in those days but it was caused by OPEC deciding to double or triple prices. There was no mention of market speculation back then, and in fact I have only ever heard of market speculation for oil in the last few years. And I never hear about OPEC anymore.
 
kab
2013-07-17 02:20:55 AM
Prices go up, I spend less on other things to make up for it.

*shrug*
 
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