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Thread: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by Bonzai View Post
    Good question. Maybe you should contact a moderator. Afterall, your modus operandi is "bootlicking".............just saying...............
    You seem unusually out of sorts this evening.
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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by Jack Hays View Post
    You seem unusually out of sorts this evening.
    Maybe a spot on diagnosis. Maybe I just need to be shown the error of my ways..................

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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by Jack Hays View Post
    Your data and your links are out of date. The route has been altered and the Governor of Nebraska has endorsed the pipeline.
    I know. I was just pointing out the flaws in the initial design which had it going right over some of the most vulnerable sections of the aquifer. That was a bad design.

    It was stupid to risk billions in agriculture for a pipeline that will materially change no prices.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by MMC View Post
    Yeah I don't care about BP. Whole different ballgame when one gives those Rights to China. Iran put themselves into the position they are in. So I wont worry about which part of the Ruling Elite there was doing whatever.

    Yeah I am sure the costs wouldn't be favoring companies for the structures.
    Depends. Refineries favor no one these days. Furthermore, Chinese firms pumping in the US are still subject to US laws. I really don't care who does it as long as they do it within the legal framework. And besides, China owns large equity shares in the public oil firms anyways so in a sense they are doing what you don't like.

    Also with this last round of sanctions on Iran.....I really don't know where else they can go with more on them.
    Sanctions like this take time. Apparently inflation is through the roof in Iran and basic necessities for the people are getting hard to come by. Also their currency is in the toilet. The problem with sanctions is that they always hurt the people and generally not those in charge.

    That said, the alternative is an Iranian Occupation that would make Iraq look cute. At least Iraq was mostly desert with a reasonably small population and a large area under relatively friendly control. Iran is mountainous, much larger population and can actually defend itself and we have no Kurdistan there. The cost alone of mounting an Iranian Adventure will collapse the American economy.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by Bonzai View Post
    The problem with Venezuela, if you ever been there, isn't Caesar Chavez, "Yankee" capitalists, or socialism, it's the Venezuelan people...............They're idiots....................
    Golly, gee whiz, Bonzai, that is painting with a broad brush.

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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by obvious Child View Post
    I know. I was just pointing out the flaws in the initial design which had it going right over some of the most vulnerable sections of the aquifer. That was a bad design.

    It was stupid to risk billions in agriculture for a pipeline that will materially change no prices.
    Right. And now?
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by MMC View Post
    NEW YORK, Feb 10 (Reuters) - The average price in the United States for a gallon of regular gasoline rose nearly 25 cents in the past two weeks, up steadily since December as refineries passed along their costs, a widely followed survey released on Sunday showed.



    * U.S. retail gasoline averages $3.5918/gallon

    * Rise comes in response to increases from wholesalers

    * Brent crude oil hit nine-month high last week

    Gasoline prices averaged $3.5918 per gallon on Feb. 8, up 24.75 cents from Jan. 25, said Trilby Lundberg, editor of the Lundberg Survey.
    "The amount of change is very big," Lundberg said.

    The retail price of regular gasoline in the United States has risen for seven weeks straight, Lundberg said.
    "Now that the wholesale price hikes have accelerated, the need for retailers to raise prices on the street is becoming acute," Lundberg said.

    Brent's premium to U.S. oil futures has increased on expectations that Midwest crude stockpiles will remain elevated as constraints on the Seaway pipeline continue to limit shippers' ability to send crude to the U.S. Gulf Coast.....snip~

    Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    7 weeks Gas has gone up and now the bad news it will go up more as retailers will have to adjust their price. Obama's 2nd term is just not starting out good. Remember how he was running around with his victory lap. Plus now he just came back from his 2nd vacation in 7 weeks. People are getting back less money. Prices are going up on everything, and he wants to raise the minimum wage.

    Course Brent already knows Obama will keep the Midwest stockpiles Right where they are at. 4.10 out in California. Although I have had people telling me Hawaii is paying even more.
    Those god damned socialist, marxzist, communist, fascist, liberal hippies are responsible. Not free enterprise.
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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Build the Keystone XL pipeline.
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    I will ask everybody onthis thread.

    Is the US system for pricing gasoline better, possible price jumps, or is the Mexican system better where the price goes up a certain amount every 15 days but never goes down? For referance the price of a liter of gasoline goes up $.09 centavos every 15 days. $.09 centavos is $.007 cents US.

    Which system would you prefer?

  10. #210
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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    "World Oil Demand Growth: World crude oil and liquid fuels consumption grew to the highest level ever in 2012, with an estimated 89.2 million barrels per day (bpd) consumed in total.[2] The Energy Information Administration (EIA) projects that total world oil consumption will grow by 1.05 million bpd during 2013 and 1.4 million bpd in 2014 with countries outside the Organization for Economic Cooperation and Development (OECD) comprising most of the growth in consumption.[3] The largest increases in oil consumption will be non-OECD Asian countries, which are using increasing amounts of oil to pursue rapid economic growth. By comparison, U.S. liquid fuels consumption has declined since 2010.

    China, in particular, has a large role in the increased global demand for oil. China likely consumed nearly half of the global 2 million barrel per day increase in world oil consumption since 2010.[4] According to the Energy Information Administration, China increased its petroleum consumption by almost 500,000 barrels per day in 2011, and preliminary estimates are that China added another 420,000 barrels to its daily consumption in 2012. China is the second-largest consumer of oil behind the United States and as of 2009, China became the second-largest net importer of oil. In 2011, Chinese crude oil imports were 5.52 million bpd[5]—up 8.2 percent from 2010 levels.

    If world demand for oil rises faster than oil companies can produce the crude, oil prices will go up, which is what is occurring now."

    Institute for Energy Research | Why Are Gas Prices So High?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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