BigPete
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And you've never wondered why or been upset by it?
The Gas Thread Revisited
- Thread starter IceHogsFan
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And you've never wondered why or been upset by it?
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Yeah no kidding, it's one thing to have it creep up and adjust due to inflation and whatnot, but it looks to be up about a little over 1$ a gallon since last year.
http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html
With Chicago being tied with LA and SF it looks. Since 1.3.2009 gas prices have rose with slight fluctuations. But for the most part rose and in that time, 2 years and 5 months, prices have went from 1.60 to $4. That is crazy. I can't imagine if a gallon of milk went form 2.99 to $7.00? (CPI tracks this sort of thing, but I"m too lazy right now to look it up. anyone who is interested http://www.ers.usda.gov/Briefing/CPIFoodAndExpenditures/ this is something to me that I've always found fascinating,
ginnie
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I'll have my hockey stick ready to fend off the the American Forces!
ginnie
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Of course.
Being that the oil companies that are drilling our oil are American...
and that the price of oil is dependent on world market prices and the stock market...
and last but not least the 35% we pay in taxes on gas.
I'm especially pissed off today - today gas was $1.38 a LITRE. There are 3.79 litres in a U.S. Gallon.
tidbit:
Wholesale Gasoline
Wholesale gasoline is bought and sold on commodity markets, much like crude oil.
As gasoline is a commodity that flows freely between Canada and the U.S., Canadian wholesale prices — the prices retailers pay — are tied closely to U.S. commodity prices.
Any significant disruption in supply in the U.S., a market 10 times the size of our Canadian market, can impact wholesale prices throughout North America.
jakobeast
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Also, before you ***** about the oil companies making a huge profit, look at you investments, if you have them. 401k and other investment things usually have a few oil companies in their portfolio.
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But think of all that money you save on health care.
ginnie
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Hey, a lot of my taxes pay for Health Care. Its not cheap!
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With Gas Prices Soaring, Obama Looks to Ramp Up U.S. Oil Production
Increasing oil production does not address the issue IMO. Increasing the number of refining facilities in the US, going after the commodities markets and making traders having to front the cost of their trades and allowing and even assisting more on land production in the US are areas that will have long term benefits.
Increasing oil production does not address the issue IMO. Increasing the number of refining facilities in the US, going after the commodities markets and making traders having to front the cost of their trades and allowing and even assisting more on land production in the US are areas that will have long term benefits.
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I don't think I agree.
If the reason he has stopped the drilling in the gulf was environmental, why did he just give $2B to Brazil to drill (do the dirty work)?
Was it because the Brazilian oil company was owned by Soros? Snopes
I think we should have been drilling here long ago.
Agreed that we need alternative energy sources, but in the meantime why suffer.
And then there's the huge amount of untapped natural gas in the U.S. ....
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We agree more then we disagree. The issue is the statement "ramping up". While in the short term increasing production may help prices it is not a long term solution. Read my earlier statement for some suggestions on what makes a difference long term. POTUS could down the road "ramp down" production as well which he has already done by limiting drilling.
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I blame it on The Dept of Energy. Just kidding, but really though that (DOE) waste of taxpayers money was established in 1977 My link to improvise some kind of energy plan that could lead us away from the issues we face now.
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We have huge reserves of clean burning natural gas but yet not one mention of it by any of our great leaders. The combustible engine can be converted to run on natural gas from gasoline very easy and inexpensive.
Am I wrong in thinking of what a positive impact that could have on this country? Jobs, less polution, less dependence on foreign oil.
jakobeast
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If it's produced from landfills and manure it is, but not if it's a fossil fuel. And it isn't exactly clean either as it contributes to CO[sub]2[/sub] emissions, but to a lesser degree than coal and oil.
LarmersOneTimer
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LOL! When I saw him at that press conference praising Brazil for their efforts and saying he wanted to be "partners" in so far as buying oil from them I just about had a stroke. What an Efin hipocryt. It's okay for someone else to "destroy" our environment as long as we have a partner that does it for us. Jesus.
As far as speculating, last week during the congressional hearings the head of Exxon said fundmentally oil should be $60.00-$70.00 a barrel. Well, were still waiting.
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Ymono37
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Rosh - easily one of the funniest things I've read today... I can only hope that person was being sarcastic.
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Yeah, agreed here, that's hilarious. Funny if it's sarcasm, even funnier if it's not.
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GasBuddy.com Issues Gas Price Alert
ROCKFORD (WIFR) -- Motorists should be aware of the likelihood of rising gas prices in the next 48 hours and through the weekend in Rockford.
"I expect stations to increase prices to $3.89-$4.15 by weekend with a majority of stations starting to raise prices as early as tomorrow morning," says Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst.
DeHaan tweeted that a price hike was likely in the Great Lakes area after ExxonMobil's Joliet, IL refinery was heard to have had yet another unexpected problem while restarting their facility, boosting concern about supply as the summer driving season is just days away.
ExxonMobil's refinery in Joliet can process up to 238,000 barrels of oil per day.
DeHaan also said that prices outside the Great Lakes would likely continue to slowly fall as wholesale prices in other regions have only risen a few cents compared to the near 40-cent increase in wholesale prices in Michigan, Indiana, Illinois, Wisconsin, Ohio, and Kentucky
ROCKFORD (WIFR) -- Motorists should be aware of the likelihood of rising gas prices in the next 48 hours and through the weekend in Rockford.
"I expect stations to increase prices to $3.89-$4.15 by weekend with a majority of stations starting to raise prices as early as tomorrow morning," says Patrick DeHaan, GasBuddy.com Senior Petroleum Analyst.
DeHaan tweeted that a price hike was likely in the Great Lakes area after ExxonMobil's Joliet, IL refinery was heard to have had yet another unexpected problem while restarting their facility, boosting concern about supply as the summer driving season is just days away.
ExxonMobil's refinery in Joliet can process up to 238,000 barrels of oil per day.
DeHaan also said that prices outside the Great Lakes would likely continue to slowly fall as wholesale prices in other regions have only risen a few cents compared to the near 40-cent increase in wholesale prices in Michigan, Indiana, Illinois, Wisconsin, Ohio, and Kentucky
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