Gas prices,,again

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SST55

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$3.59, up 40¢ from a year ago, 12¢ since last month. And the change over/refinery shutdown to "summer blend" isn't far away. :(
 
SST55 said:
$3.59, up 40¢ from a year ago, 12¢ since last month. And the change over/refinery shutdown to "summer blend" isn't far away. :(
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Which leads to even higher Corn prices, making beef and poultry and a host of other product more expensive.

The captains of industry sure come up with creative ways to screw the little guy. No wonder oil companies aren't interested in expanding their refinery capacity.
 
Last week the talking heads on the news were saying gas could hit $5/gal this summer, lets hope not!
 
I think we are in for a beating this coming summer season
3.33 up to 3.39 overnight..Way to stick it up our *ss*s....I'd like to buy an "A" please....
 
I'm very worried about gas prices. I've maintained, for a long time, that the gas prices in 2008 were a much larger factor in the recession than anyone believes. And there are a lot of economists that believe the same thing.

http://blogs.wsj.com/environmentalc...hock-did-high-oil-prices-cause-the-recession/
Temperatures are warmer than ever. Demand for heating oil and natural gas is way down. Gas prices ALWAYS fall during the winter. The tensions in Iran are an excuse. Oil companies are gouging us to improve their profits, again. And their greed is going to single handedly put us back in a deep recession.
 
AndyMarquisLive said:
I'm very worried about gas prices. I've maintained, for a long time, that the gas prices in 2008 were a much larger factor in the recession than anyone believes. And there are a lot of economists that believe the same thing.

http://blogs.wsj.com/environmentalc...hock-did-high-oil-prices-cause-the-recession/
Temperatures are warmer than ever. Demand for heating oil and natural gas is way down. Gas prices ALWAYS fall during the winter. The tensions in Iran are an excuse. Oil companies are gouging us to improve their profits, again. And their greed is going to single handedly put us back in a deep recession.
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Not to worry, Obama plans to write a piece of $4 trillion in checks to every person in the US to help out, no citizenship required.
 
Every day I check the price for crude and it keeps dipping under $100 but the price at the pump keeps going up. I know here in NC one of the reasons for the price increase is tax. TAX and the price of crude isn't changing or going down. Tax, and yet the public is blaming the oil companies. Taxes, everyone knows that fuel is the thing that everyone needs so raising taxes is just the thing. When the government needs money, where do they go? Gasoline, tobacco and alcohol. The later two, who cares, but the first? When will we be talking about the price of a candy bar once they start taxing sugar? Give me one of them five dollar giant coffees but hold the sugar. An extra fin just isn't worth it.
 
Taxes are just ANOTHER excuse. Taxes do not increase, EVERY DAY. Every couple years, they might increase a few cents. But taxes on a gallon of gas don't jump 30 cents a gallon overnight, and they certainly don't jump 5 cents a gallon overnight every night for a month. Demand falls, supply increases, oil prices fall, gas prices rises. We hear every excuse in the book for months. There's tension in the middle east, the crisis in Libya, someone sneezed in Iran, some state increased taxes 2 cents a gallon. Every single time this happens, we hear every excuse in the book and complain -- then the oil company profits come in and, viola, their profits jumped 40% and they made the most money in the history of mankind.

We'll see what happens when the quarterly profits earnings come out
 
AndyMarquisLive said:
I'm very worried about gas prices. I've maintained, for a long time, that the gas prices in 2008 were a much larger factor in the recession than anyone believes. And there are a lot of economists that believe the same thing.

http://blogs.wsj.com/environmentalc...hock-did-high-oil-prices-cause-the-recession/
Temperatures are warmer than ever. Demand for heating oil and natural gas is way down. Gas prices ALWAYS fall during the winter. The tensions in Iran are an excuse. Oil companies are gouging us to improve their profits, again. And their greed is going to single handedly put us back in a deep recession.
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Yep I agree, gas prices had a lot to do with the recession in 2008, if the price goes up over $4.00 and continues to climb this summer, I think a lot of the gains the economy has made will be cancelled out quite quickly.
 
The recession was caused by one thing alone. Trillions of $'s invested by banks all over the world in an insane scheme called mortgage derivatives. Wall street and banks all over the world were making so much money, they started giving out trillions in bad mortages. That's how an illegal alien who picked tomatoes for a living bought an $800,000 house with a monthly mortgage bill that left him just $100 a month of claimed income.

Gas prices had very little to do with anything. The reason we aren't in a strong recover is a little complicated, but it comes down to big banking throwing a tantrum over the new banking and Wall street rules imposed by Obama. Banks have historically high cash reserves, but they refuse to make many business or housing loans as payback for rules they don't like. It's a bit like unions slowing things down by doing everything by the book. Look into it and you'll see what really happened.
 
I don't want this to go the Podium route, but if gas prices increased to the point where people can't afford to travel it will indeed impact the economy.
 
Mopardh9 said:
I don't want this to go the Podium route, but if gas prices increased to the point where people can't afford to travel it will indeed impact the economy.
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If? There is no if. It's when. People can do without traveling for pleasure, it's the getting back and forth to work that's a bummer. That is if you have a job..
Everything you buy comes on a truck, trucks run on diesel and diesel is even more expensive then gas.
You check food prices lately compared to just last years?
 
SST55 said:
Everything you buy comes on a truck, trucks run on diesel and diesel is even more expensive then gas. You check food prices lately compared to just last years?
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3.59/gal for regular unleaded is what I paid last night.

4.05/gal for diesel in my truck this past Tuesday.

And..... not only are those food prices going up but the quantity in those packages are going down. Cereal boxes are just as big but the bag inside isn't quite as full as it once was is just one of many examples.
 
$3.79 a gallon in Connecticut $3.49 in Massachusetts . This is for tier 1 gasoline
 
I used to shop around for the cheapest price. I don't even bother looking at the price signs anymore; I just fill up.
 
I use GasBuddy to find the cheapest gas in town. It's saved me $5-6 a few times.



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Was $3.09 a couple weeks ago, went as high as $3.29 early last week, and now is at $3.21 for the last few days
 
$3.39 down from $3.47 just a week or so ago. Used my wife's Stop & Shop rewards and filled up for $2.97 yesterday:)
 
$2.94 here. We were down to $2.70, but for some reason...there was a major spike the week before Thanksgiving! ;) Went up to $2.99 during that spike, so it's headed back down.
 
I learned all sorts of new possibilities about the gas mileage of a 1996 Subaru Impreza yesterday. Didn't have enough money to stop for gas on the way home. I stretched less than a quarter of a tank 107 miles.
 
AndyMarquisLive said:
I learned all sorts of new possibilities about the gas mileage of a 1996 Subaru Impreza yesterday. Didn't have enough money to stop for gas on the way home. I stretched less than a quarter of a tank 107 miles.
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that's a hell of a stretch.
You got rid of the Buick?
 
AndyMarquisLive said:
I learned all sorts of new possibilities about the gas mileage of a 1996 Subaru Impreza yesterday. Didn't have enough money to stop for gas on the way home. I stretched less than a quarter of a tank 107 miles.
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That's what I like about my Focus. I drive to Vegas and have a little less than 1/2 a tank left. 13 gallon capacity tank.
$3.59 here.
 
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