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

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    Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    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.

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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.
    And before that they went down. Here in Minnesota they were slightly below $3 a gallon for a little bit. It's called the free market and supply and demand.

    It costs more in Hawaii because of the added cost of getting the gas out to Hawaii. There are cars on every island (except Niihau) but not refineries! You've got to put it on a boat and take it out there. It costs more in California because of increased demand. Should Obama jump in an demand that the oil companies send more gas to California? Maybe he should just nationalize oil so that he can regulate it...somehow I don't think you're wanting that to happen.


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    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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

    I am gonna just ride my bike to work soon as the temp gets up to freezing all day.
    God Bless the Marine Corps.

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

    Quote Originally Posted by mak2 View Post
    I am gonna just ride my bike to work soon as the temp gets up to freezing all day.
    Wimp. Here we just wait for it to get above 10.


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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

    I know, a guy in my office rides year around 10+ miles till the snow just gets too deep. He makes fun of me a lot.
    Quote Originally Posted by rocket88 View Post
    Wimp. Here we just wait for it to get above 10.
    God Bless the Marine Corps.

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

    Bastards, I need to get gas today.

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

    I feel too hopeful. I never fill up, I put like $10-$20 in my tank thinking that maybe next week prices will go down and then I'll fill up.

    If anything this should be proof that we need to work on our affordable energy crisis to bring the cost of fuel down.
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    Re: Gas Prices Jump Nearly 25 Cents In Last 2 Weeks

    Quote Originally Posted by Fisher View Post
    Bastards, I need to get gas today.
    I never have to fill up on the drop, only when it's rising, sucks.
    Einstein, "science without religion is lame, religion without science is blind."

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

    Quote Originally Posted by rocket88 View Post
    And before that they went down. Here in Minnesota they were slightly below $3 a gallon for a little bit. It's called the free market and supply and demand.

    It costs more in Hawaii because of the added cost of getting the gas out to Hawaii. There are cars on every island (except Niihau) but not refineries! You've got to put it on a boat and take it out there. It costs more in California because of increased demand. Should Obama jump in an demand that the oil companies send more gas to California? Maybe he should just nationalize oil so that he can regulate it...somehow I don't think you're wanting that to happen.
    It costs more where the fuel blend standards differ. Oil costs more in dollars due to other than "free market" factors.

    Why Are Gas Prices Going Up When Demand Is Going Down? – Feature – Car and Driver
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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

    Quote Originally Posted by grip View Post
    I never have to fill up on the drop, only when it's rising, sucks.
    I usually try to do that but I have a new car so I am still getting the timing down. I will probably just get half a tank.

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