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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
    More: Obvious, barrels of oil, electronic trading, holidays  
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299 clicks; posted to Business » on 16 Jul 2013 at 9:59 AM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

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2013-07-16 11:01:11 AM  
2 votes:

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 10:06:24 AM  
2 votes:
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 12:33:13 PM  
1 vote:

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 11:15:14 AM  
1 vote:
So in other words, a day ending in "y"

/or a fear or fart in some Middle Eastern country
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