Fisher of Men Posted January 6, 2009 Posted January 6, 2009 Before I rant, I know I should be happy that gas isn't $4 a gallon anymore, but I was getting pretty used to plummeting prices. So I'm spoiled, but our gas prices jumped some 20 cents in the last two or three days from $1.39 a gallon to $1.59. Did OPEC cut production? Anyone know why? RW? Quote
Super User BrianinMD Posted January 6, 2009 Super User Posted January 6, 2009 Israel and Hamas have made crude go up some, but not 20 cents per gallon for gas higher.... :-/ Quote
FordNFishinLover Posted January 6, 2009 Posted January 6, 2009 Im a bit ticked too. Ours were circling from 1.49-1.59 for awhile and then BAM 1.79. Its now down to 1.74 here and hopfully goes back down soon. Quote
ejtaylor822 Posted January 6, 2009 Posted January 6, 2009 I noticed that as well this AM as I headed into work. The conspiracy side of me (too much X-files) says kind of ironic they plummeted before Christmas with all the bad economic news, and now coming back up after the gift buying season. I sure hope it stays where its at. Last thing we need is skyrocketing gas prices. Quote
Super User grimlin Posted January 6, 2009 Super User Posted January 6, 2009 It went from $1.49 to $1.84 in 2 weeks.... > Quote
Super User Hookemdown. Posted January 6, 2009 Super User Posted January 6, 2009 Hasn't changed here. Still in the 1.33-1.40 range Quote
Super User Muddy Posted January 6, 2009 Super User Posted January 6, 2009 It's called price gouging, they do it every Christmas, Thanksgiving,Fourth of July, as well as the entire period between Memorial and Labor days. These are the same time people drive the most, so these are the reasons just check one, that's what the big oil companies do anyway 1. More people driving, we can't meet the demand 2. Change of seasons and we don't have enough of the Summer/winter blend available 3. Refinery issues 4.Mid East Issues 5. Or the truth; THIS QUARTERS DIVIDNEDS ARE GOING BE ROCKIN! Quote
Super User roadwarrior Posted January 6, 2009 Super User Posted January 6, 2009 OPEC has cut production and the situation in Gaza has exploded into full-blown war. However, oil remains under $50 a barrel because of weak demand and a glut of inventory literally floating around in tankers. Gasoline prices here have jumped up to $1.54, but with my grocery card discount, I'm still paying less than a dollar. 8-) Quote
Super User Muddy Posted January 6, 2009 Super User Posted January 6, 2009 Hey RW; Does the actual price of a barrel or the preception of what will happen to supply cause more of an effect at the pump? Quote
Super User roadwarrior Posted January 6, 2009 Super User Posted January 6, 2009 "Perception" effects the price of a barrel, but that cost is what directly impacts prices at the pump. Erratic movement, like we see around holidays, is more sinister and has little "economic cost" basis. It seems like prices are raised when the distributors can get away with it! 8-) Quote
Fisher of Men Posted January 6, 2009 Author Posted January 6, 2009 It's called price gouging, they do it every Christmas, Thanksgiving,Fourth of July, as well as the entire period between Memorial and Labor days. These are the same time people drive the most, so these are the reasons just check one, that's what the big oil companies do anyway 1. More people driving, we can't meet the demand 2. Change of seasons and we don't have enough of the Summer/winter blend available 3. Refinery issues 4.Mid East Issues 5. Or the truth; THIS QUARTERS DIVIDNEDS ARE GOING BE ROCKIN! You know I would have expected that just before or within a day or two of Christmas, but this happened over the weekend (perhaps supply is low from holiday driving?). I don't mean to complain, but saving some 50-60% or more on gas over the last couple of months has really helped our budget. I'd like for it to continue. RW- I didn't think about the Gaza incident. Maybe things will level off soon. Quote
E-3 FE Posted January 6, 2009 Posted January 6, 2009 I would be excited with 1.53 gas. I am in Japan, gas was 4.06 for the longest. About 3 weeks ago it dropped to 2.33/gal. Quote
Super User Root beer Posted January 6, 2009 Super User Posted January 6, 2009 Price gouging doesn't exist. :-X Didn't I hear somewhere the taxation on gas is going up? Or has that law have not passed yet? Quote
Super User roadwarrior Posted January 6, 2009 Super User Posted January 6, 2009 Didn't I hear somewhere the taxation on gas is going up? Or has that law have not passed yet? The idea was just thrown out there, but went over like a turd in a punchbowl. 8-) Quote
Super User 5bass Posted January 6, 2009 Super User Posted January 6, 2009 kind of ironic they plummeted before Christmas with all the bad economic news, and now coming back up after the gift buying season. Being an X-File fanatic myself, this is my theory as well. Drastically drop prices before Christmas, people will have more money to spend, right after Christmas create some 'issues' and jack the price back up. Freakin' crooks! The high gas prices in the past couple years has a lot to do with this whole mess we're in right now. Quote
Siebert Outdoors Posted January 6, 2009 Posted January 6, 2009 Didn't I hear somewhere the taxation on gas is going up? Or has that law have not passed yet? The idea was just thrown out there, but went over like a turd in a punchbowl. 8-) LOL, I use that analogy all the time. Its a head turner. ;D Quote
Super User Root beer Posted January 6, 2009 Super User Posted January 6, 2009 The high gas prices in the past couple years has a lot to do with this whole mess we're in right now. I wouldn't blamed gas price if I was you. Look our economy is built on a cycle. It has to rise and fall. Read a book called "A demon of our own design" By Richard Bookstabber. Every decade our market just has to crash. Wall street built some complex financial products that just seem to keep crashing. http://www.amazon.com/Demon-Our-Own-Design-Innovation/dp/0471227277 Quote
moby bass Posted January 7, 2009 Posted January 7, 2009 Price gouging doesn't exist. :-X Didn't I hear somewhere the taxation on gas is going up? Or has that law have not passed yet? Don't worry. They'll figure out some way to get more money out of you. I've read where, Washington state, I believe, is considering a mileage tax. Since fuel efficient cars and electric hybrids won't be purchasing enough gas to fund road projects, they need to find an additional source of revenue. Have you noticed, every time we conserve or save, we get punished? Quote
Super User Root beer Posted January 8, 2009 Super User Posted January 8, 2009 . Have you noticed, every time we conserve or save, we get punished? It doesn't matter. Anything that wants to get sold in our country must be taxed. Taxation is what we need for civilized society, but some tax are outrageous while some are necessary and government spending is ridiculous. Also in the wake of Bernard Madoff scandal, a wall street investor defended his case by stating social security is also a ponzi scheme. LOL. Not trying pour gasoline onto a fire here, but pointing out the pointless. Quote
Super User fishfordollars Posted January 8, 2009 Super User Posted January 8, 2009 Oil fell 5.85 over news the nations reserve was up over 6 million gallons. They were expecting a jump of over 1.5 million gallons when in fact it was over the 6 million mark. Guess there are a lot more people riding bikes than thought. Gas here has increased to the mid 1.50s in the last week, but fell .08 overnight. Quote
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