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Thu Aug 2, 2012, 05:54 PM

Does anyone know why gas has gone up 55-65 cents in two days?

On Tuesday it was 3.45 a gallon now it is up to 3.99- 4.09. What happened, another refinery conveniently catch fire? Maybe a pipline burst? Or was it Rmoney's overseas trip and his warmongering the cause?

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Reply Does anyone know why gas has gone up 55-65 cents in two days? (Original post)
notadmblnd Aug 2012 OP
montanacowboy Aug 2012 #1
Rex Aug 2012 #2
phantom power Aug 2012 #3
justabob Aug 2012 #4
1-Old-Man Aug 2012 #5
notadmblnd Aug 2012 #13
1-Old-Man Aug 2012 #14
notadmblnd Aug 2012 #16
DCKit Aug 2012 #19
DanCollins Aug 2012 #6
Warpy Aug 2012 #7
hobbit709 Aug 2012 #8
DearHeart Aug 2012 #9
mike_c Aug 2012 #10
notadmblnd Aug 2012 #15
russspeakeasy Aug 2012 #11
louis-t Aug 2012 #12
doohnibor Aug 2012 #17
chknltl Aug 2012 #18
sabrina 1 Aug 2012 #20

Response to notadmblnd (Original post)

Thu Aug 2, 2012, 05:56 PM

1. I am hearing the drought on the corn crop

is having an impact

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Response to notadmblnd (Original post)

Thu Aug 2, 2012, 05:57 PM

2. Dunno, still the same price here.

Maybe something locally?

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Response to notadmblnd (Original post)

Thu Aug 2, 2012, 05:58 PM

3. there was some kind of refinery explosion today

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Response to notadmblnd (Original post)

Thu Aug 2, 2012, 05:58 PM

4. there was an incident at a Tulsa refinery

in the last few days. I am not sure if it was a fire or what, or if that has had an impact on price, but it did happen. Will look for a link.

http://news.yahoo.com/tanker-fire-hollyfrontiers-tulsa-refinery-report-085948898--finance.html

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Response to notadmblnd (Original post)

Thu Aug 2, 2012, 05:59 PM

5. Maybe because Israel is about to bomb the shit out Iran?

something that will put the rest of the mid-east in turmoil. Oh, and the US is right beside them.

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Response to 1-Old-Man (Reply #5)

Thu Aug 2, 2012, 06:11 PM

13. Rmoney does not speak for the US and I doubt he ever will.

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Response to notadmblnd (Reply #13)

Thu Aug 2, 2012, 06:13 PM

14. What's that got to do with the question?

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Response to 1-Old-Man (Reply #14)

Thu Aug 2, 2012, 06:16 PM

16. he is the one who spoke in Israel and said the US would support what ever Israel did to Iran.

Just pointing it out- that the message did not come from the White House.

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Response to notadmblnd (Reply #13)

Thu Aug 2, 2012, 06:36 PM

19. From your keyboard.... nt

 

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Response to notadmblnd (Original post)

Thu Aug 2, 2012, 06:01 PM

6. Spam deleted by Warren DeMontague (MIR Team)

 

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Response to notadmblnd (Original post)

Thu Aug 2, 2012, 06:04 PM

7. They'll switch over to gasohol in a lot of states in another 3 months

and they're gouging us now to pay for the ethanol then. That's my best guess.

In addition, big money went into oil futures again a week and a half ago. They're up and when they go up, so does the price at the pump.

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Response to notadmblnd (Original post)

Thu Aug 2, 2012, 06:05 PM

8. Because they can.

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Response to notadmblnd (Original post)

Thu Aug 2, 2012, 06:06 PM

9. There are refinery problems in Whiting, IN

and in Lemont, IL and some pipeline problem in Wisconsin, I believe.

Our gas prices were 3.99 yesterday, but you can be assured, they'll be over 4.00 again by tomorrow!

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Response to notadmblnd (Original post)

Thu Aug 2, 2012, 06:07 PM

10. it never dropped below $3.99 here in coastal northern california....

Eureka CA routinely has the highest gas prices of any municipality in the lower 48 states, according to the AAA. The retailers are not making any money, yet one can buy regular unleaded two hours distant in Weaverville, where fuel is trucked from the north coast terminal, for fifteen cents a gallon less than here on the north coast where it is unloaded directly from tankers. The lowest gas price I've seen (other than at Costco, which admits to selling gas at cost to bring folks to the store) is $3.97. While gas prices everywhere else in the country fell to below $3.50, they never budged much below $4 here. It sucks.

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Response to mike_c (Reply #10)

Thu Aug 2, 2012, 06:13 PM

15. I was expecting it to get under 3.00 earlier this year

I think in April it was down to 3.18, then it skyrocketed just like this.

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Response to notadmblnd (Original post)

Thu Aug 2, 2012, 06:09 PM

11. Speculators woke up from their nap ?

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Response to notadmblnd (Original post)

Thu Aug 2, 2012, 06:09 PM

12. Went from 3.50 to 3.99 here in 5 days.

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Response to notadmblnd (Original post)

Thu Aug 2, 2012, 06:24 PM

17. Prelude to the election

 

We already know the Koch brothers manipulate the oil market for their own devices (if you want to argue with me, Google "Koch contango" first). The only reason oil came down at the beginning of the "summer driving season" was so that they could jack the price up to new heights in the fall.

Starting around Labor day, be prepared for some wild days in the crude oil market. While a couple hundred million is pocket change to Charles and David, they are going to combine two of their favorite activities, jacking up the oil market and blaming it on Obama. Just watch, I'll bet gasoline is over $5 a gallon in late October. Even if they don't sink Obama, this next manipulation escapade should net them a couple more billion for the family fortune.

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Response to notadmblnd (Original post)

Thu Aug 2, 2012, 06:28 PM

18. My thinking: Big oil needs more $$ to sway our election with.

You didn't really think they use their own money to do that with did ya?

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Response to chknltl (Reply #18)

Thu Aug 2, 2012, 06:39 PM

20. Or raising the price makes Obama look bad. I wouldn't be surprised to hear Romney

promise to lower the price of oil any day now.

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