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why did they say gas prices went up?

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seabeyond Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 12:36 PM
Original message
why did they say gas prices went up?
summer i fill up about once a month. i have also been reading lots of fiction books, so havent been staying informed. i bought gas today and price is up. can you please tell me the reasoning (if there is one) why the gas price went up.
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AndyA Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 12:40 PM
Response to Original message
1. Take your pick:
1. BP Pipeline from Alaska shut down due to corrosion problems; this alone provided 8% of gas to the U.S.

2. Continued strain in the Middle East.

3. Tension between Chavez and Bush.

4. Supply vs. demand (supplies short, demand up due to summer driving).

5. This was part of the deal when the oil company CEO's wrote Bush's Energy Policy.

6. An old lady in Peoria, Illinois filled up her 1959 Cadillac, causing a worldwide shortage.

Any of the above should work.
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Kutjara Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 12:40 PM
Response to Original message
2. Because it's going to cost a lot of money...
...to clone a new body for Cheney when his finally gives out. He's pinning his hopes on his oil shares rising sharply.

Seriously, the lie we're being told is that the various wars in Iraq and Afghanistan, the threat to Iran, the leaky pipeline in Alaska the...you name it, is restricting supply (or may restrict supply), and so prices have to rise because demand is outstripping supply (or may outstrip supply at some indeterminate time in the future).
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Totallybushed Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 12:42 PM
Response to Original message
3. I certainly don't know
but I want them to go down again.

That means a new administration. They've risen continually since * came to power.

Vote in November
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ProdigalJunkMail Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 12:45 PM
Response to Reply #3
4. well, here is some good news
Nymex Gasoline Future

Price Chg %Chg Time
206.25 -10.97 -5.05 13:08

This is down from 233+ just last week. This is in cents/gallon.

sP
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Totallybushed Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 01:17 PM
Response to Reply #4
7. Every little bit helps
Thanks for the info
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gratuitous Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 12:49 PM
Response to Original message
5. Strangely enough
They're trying to sell the idea that BP's problems with its feeder lines is the reason. Now, it's common knowledge that the West Coast refineries take all the Alaska crude they can handle, and quite a bit of our oil is shipped off to the Asian market because the American market is running at full capacity.

I don't know why the oil companies can't simply sell less Alaskan oil to the Asian market and keep the American market supplied with American oil, but I'm sure there are complicated economic reasons beyond my understanding that justify the sale of our country's oil to other countries and jack up the price for the American con$umer.
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Smokie Lonesome Donating Member (4 posts) Send PM | Profile | Ignore Thu Aug-10-06 12:53 PM
Response to Original message
6. why did they say gas prices went up?
Oddly enough, prices still falling here in Oklahoma. $2.929 per gallon for reg unleaded.
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seabeyond Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 01:25 PM
Response to Reply #6
8. 2.92 is up from last time i bought. but yes, i hear it was higher
good first post and welcome. the reason price escalated is the summer driving, i forgot and the alaska pipeline. i like to know the reasons given. were you curious why it went up to above 2.92?
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Smokie Lonesome Donating Member (4 posts) Send PM | Profile | Ignore Thu Aug-10-06 02:01 PM
Response to Reply #8
10. were you curious why it went up to above 2.92?
Not really curious. I know there is some profit taking. It would be better if western oil companies could control the ppb. Competition would drive the price down.
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newyawker99 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 03:51 PM
Response to Reply #6
11. Hi Smokie Lonesome!!
Welcome to DU!! :toast:
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ComerPerro Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 01:27 PM
Response to Original message
9. I've even heard BushWhores say its just inflation, which is normal
Apparently 200% inflation in five years is normal.
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nuxvomica Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-10-06 04:08 PM
Response to Original message
12. A Republican relative told me it's cuz of the taxes
:rofl:
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