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DCBob

(24,689 posts)
27. Supply is up.. demand is down.
Thu Feb 23, 2012, 08:34 PM
Feb 2012

Despite the rising prices, there seemed to be ample supplies available. A report showed U.S. crude stockpiles growing more than expected last week, suggesting demand remains sluggish.

The American Petroleum Institute said late Wednesday that crude inventories rose 3.6 million barrels last week while analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos., had predicted an increase of 1.7 million barrels.

http://finance.yahoo.com/news/oil-stays-above-106-despite-125301703.html

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Increase in gas prices are the result of speculators fearing supply disruptions in the ME and demand picking up globally. The President has little to no control over that dynamic.

Here's a better idea. Pab Sungenis Feb 2012 #1
It is the refineries CAPHAVOC Feb 2012 #3
Bad angle... Kwarg Feb 2012 #19
It is almost 5 bucks here. CAPHAVOC Feb 2012 #20
I've been wondering about this and glad to see someone has written K Gardner Feb 2012 #2
Tap the reserves Thrill Feb 2012 #4
Won't happen.. Doctor Who Feb 2012 #11
No meaningful tax increases or derivitives regs= FogerRox Feb 2012 #5
Here's your explanation... babylonsister Feb 2012 #6
OMG its a primary....... FogerRox Feb 2012 #9
It's all about the money zipplewrath Feb 2012 #7
Indeed alcibiades_mystery Feb 2012 #8
"an economy to support prices that high." Proud Liberal Dem Feb 2012 #14
For a market plurality zipplewrath Feb 2012 #16
Reletivly gas is not that high CAPHAVOC Feb 2012 #21
They are pulling another "Enron Energy Crisis" on America. n/t FSogol Feb 2012 #10
There is very little the President can do about rising oil/gas prices. DCBob Feb 2012 #12
Well how is it where you are? CAPHAVOC Feb 2012 #23
Its less than the peak price during the Bush administration. DCBob Feb 2012 #24
I do not know. I only get about 16 a gallon. CAPHAVOC Feb 2012 #25
You dont know much.. do you? DCBob Feb 2012 #26
Tax increase at the pump is 100% responsible for the rise in Gas Price. KrazeeKrewe Feb 2012 #13
The same thing happened in 2000 auburngrad82 Feb 2012 #15
That isn't what really caused his loss, though. AverageJoe90 Feb 2012 #29
Yeah, but the chimp 'promised' he would 'talk' to his Saudi 'friends' over a beer Amonester Feb 2012 #31
Ever Notice How There's Always Something That Will "Take Down Obama" Yavin4 Feb 2012 #17
Gas prices hit $6.00 in Florida! KrazeeKrewe Feb 2012 #18
Hope it does not get that high in Tampa. CAPHAVOC Feb 2012 #22
Supply is up.. demand is down. DCBob Feb 2012 #27
Deja vu - it reminds me of 1980 csziggy Feb 2012 #28
The GOPers are freaking out about the President's potential use of the SPR. DCBob Feb 2012 #30
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