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32 days of higher gas prices comes at tough time. $5 a gallon gas hits California.

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  • 32 days of higher gas prices comes at tough time. $5 a gallon gas hits California.

    That means that the average price for a gallon of regular unleaded gasoline has increased more than 13% over that period to $3.73.

     

    It's hitting wallets right in the middle of winter, when people are already looking at large home heating bills. And it comes just after many Americans have been hit with smaller paychecks, and are worried about looming budget cuts that could deliver an even deeper blow.

    What's behind the higher prices at the pump? It's a confluence of factors, from rising crude oil prices, to production cuts and refinery closings.

    "Right now, things are tight worldwide," said Ray Carbone, president of New York commodities trading firm Paramount Options. "Refineries going down, unanticipated maintenance, and higher demand ... going into driving season."

    Two-thirds of the cost of one gallon of gas comes from the price of crude, which has jumped 10% in the last two months, according to the Energy Information Administration. As the U.S. housing market experiences a resurgence, the jobs picture brightens and consumer spending expands, anticipation of higher oil demand is driving up prices. At the same time, fears have ebbed that there would be a protracted slowdown in China's economy, which would have dampened global demand for oil.

    OPEC, the powerful cartel of petroleum exporting countries, is also believed to have cut production by about 1 million barrels a day in the last few months, partly in response to rising oil production elsewhere, notably the United States.

    Adding to that, several refineries are either preparing to, or have already, shut down for maintenance before their annual switch to summer gasoline, which is formulated differently.

    For the average American, all this couldn't be happening at a worse time.

     

    http://money.cnn.com/2013/02/17/news/economy/gas-prices/index.html?hpt=hp_t2

     

    This is really starting to piss me off.

    _________________________________________

    “True unalienable rights do not require one to trample other unalienable rights.”
    ―J.S.B. Morse

  • #2

    so the trick is to be an above average american, or live on the bus line. 

    Comment


    • Daryl Flynn
      Daryl Flynn commented
      Editing a comment

      hope and change


    • Belva
      Belva commented
      Editing a comment
      Originally posted by Daryl Flynn View Post
      Obama has nothing to do with the low gas prices.

      Maybe FOX has blood flowing from ... wherever?
      Hey DF, remember this recent post?

  • #3

    quickie1 wrote: 

    This is really starting to piss me off.


     

    Looks like granny's got her knickers in a twist again. 

     

    Comment


    • #4
      mooger wrote:

      " so the trick is to be an above average american, or live on the bus line. "

      No "or" for me.

      I haven't filled up the tank in 2 months. My SUV only gets used on gig nights.

      Comment


      • #5

        quickie1 wrote:
        32 days of higher gas prices comes at tough time.

        If you could find an article stating it's the perfect time for higher gas prices, that would be news. 

        Comment


        • #6
          Many of the left wingnut persuasion believe we need higher fossil fuel prices to drive the move to greener fuels.

          Obama would be one of them.

          Be sure to thank your "daddy" next time you fill up.

          Comment


          • #7
            Originally posted by mauser View Post
            Many of the left wingnut persuasion believe we need higher fossil fuel prices to drive the move to greener fuels.<BR /><BR />Obama would be one of them.<BR /><BR />Be sure to thank your "daddy" next time you fill up.
            __________________________________________________ ____

            Comment


            • #8
              Originally posted by mauser View Post
              Many of the left wingnut persuasion believe we need higher fossil fuel prices to drive the move to greener fuels.<BR /><BR />Obama would be one of them.<BR /><BR />Be sure to thank your "daddy" next time you fill up.

              $2.39/gallon and dropping fast here.

              Thanks, Obama!




              Blessings!™

              Comment


              • #9
                the economy is about to collapse.

                Comment


                • #10
                  If you ever blamed Obama for high gas prices, then you must now give him credit for lower gas prices.

                  Unless of course you are a raging hypocrite.

                  Comment


                  • NOS68
                    NOS68 commented
                    Editing a comment
                    Didn't say you did but just as some where blaming him when gas prices went up some where praising him when they came down.

                  • Belva
                    Belva commented
                    Editing a comment
                    For the record, I say Thanks Obama just to piss people off.

                  • guitarcapo
                    guitarcapo commented
                    Editing a comment
                    The president doesn't institute gas taxes. Congress does.
                    "The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States..."

                • #11
                  2.14

                  Comment


                  • #12
                    Originally posted by BA.Barcolounger View Post
                    If you ever blamed Obama for high gas prices, then you must now give him credit for lower gas prices.
                    Originally posted by Daryl Flynn View Post
                    Obama has nothing to do with the low gas prices.

                    Maybe FOX has blood flowing from ... wherever?
                    See the comment made above. Our very own DF is guilty of this
                    There can never be a perfect plan. What's perfect for one human bean ain't perfect for the next one. Cuz he's a lentil.

                    Comment


                    • #13
                      $1.99 in NNJ.
                      ---------------------------------------------------------------------------------
                      Originally Posted by MattACaster : *Runs 2 blocks down the street to Guitar Center, grabs detuned Schecter off the wall, plugs into Line6 Spider and proceeds to bring teh brootalz*

                      Comment


                      • #14
                        Originally posted by BA.Barcolounger View Post
                        If you ever blamed Obama for high gas prices, then you must now give him credit for lower gas prices.

                        Unless of course you are a raging hypocrite.
                        I remember a bunch of those in the GWB era about the same subject.

                        Comment


                        • #15
                          Originally posted by prolurkerguy View Post

                          I remember a bunch of those in the GWB era about the same subject.


                          Yep. Maybe Obama should consider invading Iraq again.

                          I bet that would get it to under $1/gallon.


                          Blessings!™

                          Comment



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