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#1787208 - 02/19/13 04:10 PM Re: The escalating gas prices waldensouth
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Originally Posted By: waldensouth
CBS was talking about it this morning and saying it was attributed to a number of factors all happening at the same time:

1. Oil prices have gone up. True2. China's increasing demand for oil. false3. OPEC decreased production false4. USA refineries shut down to convert to spring/summer blend. planned; gas supply are still in the pipeline should not be an issue5. Inability to purchase oil from Iran due to sanctions. falseI think that was everything.


Walden, I am not disagreeing with you just the media reporting
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#1787213 - 02/19/13 04:18 PM Re: The escalating gas prices HappyGilmore
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Time magazine of 2/4/2013:


Oil Price Information Services’ Robert Gough told the Des Moine Register, “Gasoline prices averaged $3.60 per gallon last year, and we think they’ll average between $3.25 and $3.50 per gallon this year.” The U.S. Department of Energy, meanwhile, has predicted an average of $3.44 per gallon this year, and $3.34 for 2014.



Read more: http://business.time.com/2013/02/04/why-.../#ixzz2LMX00z1w
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#1787220 - 02/19/13 04:25 PM Re: The escalating gas prices HappyGilmore
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Paid $3.85 for diesel in OKC yesterday. I was excited since it was $3.99 closer to home.
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#1787231 - 02/19/13 04:38 PM Re: The escalating gas prices HRH Okie Banker
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Pulling people out of the ditc...
Quote:
4. USA refineries shut down to convert to spring/summer blend.


not buying this excuse...since this doesn't take place for another month according to a relative who works for Shell...all of the refineries in my neck of the woods are pretty much at capacity...
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#1787239 - 02/19/13 04:48 PM Re: The escalating gas prices HappyGilmore
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Originally Posted By: HappyGilmore
Quote:
4. USA refineries shut down to convert to spring/summer blend.


not buying this excuse...since this doesn't take place for another month according to a relative who works for Shell...all of the refineries in my neck of the woods are pretty much at capacity...


Plus 1. this is a planned outage they can produce more prior to the outage as they ar rarely at capacity. 2. The gas that is being refined today will not be at the pumps until next month. So the planned outage in March should not be seen in prices until April or May
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#1787242 - 02/19/13 04:54 PM Re: The escalating gas prices HappyGilmore
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The list Walden supplied is the same BS they (the MSM) feeds us everytime.
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#1787243 - 02/19/13 04:55 PM Re: The escalating gas prices HappyGilmore
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Locally, we have the world's largest ethanol plant (open and operating plant, there are a couple of larger ones in production currently I guess) that I know a few people at. The last two weeks many of their staff have experienced reduced hours and sitting around doing nothing when then are at work.

Odd to see demand so low for it when gas prices are sky rocketing. I know it's not directly tied to crude oil, but in blends it would seem there would be at least stable demand for ethanol. But hey, I don't claim to know a lot about it, or what other factors might be at play. I do assume that the high costs associated with corn play a significant part in it.
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#1787246 - 02/19/13 04:58 PM Re: The escalating gas prices edAudit
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Originally Posted By: EdAudit
Originally Posted By: HappyGilmore
Quote:
4. USA refineries shut down to convert to spring/summer blend.


not buying this excuse...since this doesn't take place for another month according to a relative who works for Shell...all of the refineries in my neck of the woods are pretty much at capacity...


Plus 1. this is a planned outage they can produce more prior to the outage as they ar rarely at capacity. 2. The gas that is being refined today will not be at the pumps until next month. So the planned outage in March should not be seen in prices until April or May


Unfortunately, this just reflects gas companies' standard practices: if there's a hint that oil prices may rise, the price goes up in 5 minutes. If the price of oil drops, maybe in 3 weeks, the price will go down.
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#1787249 - 02/19/13 05:02 PM Re: The escalating gas prices HappyGilmore
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exactly this will go on until someone calls them on it. This is the job of the politicians and the media who are, let me be kind are slacking off.
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#1787307 - 02/19/13 06:53 PM Re: The escalating gas prices HappyGilmore
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I think short version (mentioned before) is that they charge more because they can. Its the same reason that diesel costs more than gasoline. The free market system at work. There is always bad with the good.

I like CNG more and more everyday.....
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#1787311 - 02/19/13 06:57 PM Re: The escalating gas prices HappyGilmore
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the federal tax on diesel is also 6 cents more.
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#1787315 - 02/19/13 07:00 PM Re: The escalating gas prices HappyGilmore
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Pulling people out of the ditc...
supposedly the higher cost for diesel was required to preapre to convert all the diesel manufacturing to the new "clean diesel"...although they are all on clean diesel now and so the cost should have dropped back to about 1/2 that of gasoline, since it has fewer processes in the refinement
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#1787355 - 02/19/13 08:29 PM Re: The escalating gas prices HappyGilmore
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temporary taxes never are....
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#1787538 - 02/20/13 03:05 PM Re: The escalating gas prices HRH Okie Banker
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Originally Posted By: Okie Banker
Paid $3.85 for diesel in OKC yesterday. I was excited since it was $3.99 closer to home.


Diesel is over $4 here in ABQ.
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#1787552 - 02/20/13 03:18 PM Re: The escalating gas prices HappyGilmore
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Gas was $3.60 on my way home last night. Same place was $3.67 this morning!

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#1787561 - 02/20/13 03:38 PM Re: The escalating gas prices HappyGilmore
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The Sovereign State Of Oklahom...
Originally Posted By: HappyGilmore
supposedly the higher cost for diesel was required to preapre to convert all the diesel manufacturing to the new "clean diesel"...although they are all on clean diesel now and so the cost should have dropped back to about 1/2 that of gasoline, since it has fewer processes in the refinement


Yeah, I would probably call bull pooh on that. The price of diesel escelated long before they began developing "clean diesel" and the, ever popular, Diesel Exhaust Fluid.

I really would just prefer that they say that this is the amount of profit that we believe the market will bear.
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#1787568 - 02/20/13 04:00 PM Re: The escalating gas prices edAudit
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Originally Posted By: EdAudit
exactly this will go on until someone calls them on it. This is the job of the politicians and the media who are, let me be kind are slacking off.


They do not want to "bite"(read:Oil companies) the hand that feeds them.(read:campaign contributions).

Not getting re-elected is, and has been, more important than the hosing of the American people.
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#1787736 - 02/20/13 08:30 PM Re: The escalating gas prices HappyGilmore
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There is some speculation going on. Part of the increase in prices is refineries taken offline, part is the summer blend switch, and part is the market adjusting for the possibility that BHO will not approve the keystone pipeline. If he does not, expect gas prices to rise sharply.
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#1787763 - 02/20/13 09:19 PM Re: The escalating gas prices HappyGilmore
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Asset bubble. Much like stock market rising quickly despite lackluster corporate earnings, and housing prices rising quickly in some areas, oil prices are rising in reaction to loose monetary policy (weak dollar) and future inflation expectations.

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#1787823 - 02/20/13 10:51 PM Re: The escalating gas prices HappyGilmore
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The Sovereign State Of Oklahom...
filled up at $3.45 @ 3:45 today.
Weird
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#1787884 - 02/21/13 01:38 PM Re: The escalating gas prices HappyGilmore
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Filled up at $3.85 this morning
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#1787918 - 02/21/13 02:57 PM Re: The escalating gas prices Bankbb1, PITA
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Pulling people out of the ditc...
Originally Posted By: Bankbb1, PITA
filled up at $3.45 @ 3:45 today.
Weird


good thing you didn't fill up at 5:30 eek
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#1787923 - 02/21/13 03:04 PM Re: The escalating gas prices HappyGilmore
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Originally Posted By: HappyGilmore
Originally Posted By: Bankbb1, PITA
filled up at $3.45 @ 3:45 today.
Weird


good thing you didn't fill up at 5:30 eek

You couuld do that in California eek
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#1787991 - 02/21/13 04:38 PM Re: The escalating gas prices HappyGilmore
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The Sovereign State Of Oklahom...
Originally Posted By: HappyGilmore
Originally Posted By: Bankbb1, PITA
filled up at $3.45 @ 3:45 today.
Weird


good thing you didn't fill up at 5:30 eek


Note to self: check prices at 1:00!
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#1788019 - 02/21/13 05:15 PM Re: The escalating gas prices HappyGilmore
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or maybe zero dark 30...
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