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Thread: Gasoline prices zip toward $3 mark

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    Gasoline prices zip toward $3 mark

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    Jan 11, 3:21 PM (ET)
    By MARK WILLIAMS

    Gasoline prices on Monday continued their push toward $3 per gallon. The only question now is when?
    Prices have been jumping on the back of a strong oil market where the cost for a barrel has spiked 20 percent in the past month on the New York Mercantile Exchange.
    Skyrocketing gasoline prices couldn't come at a worse time for motorists, who will see heating bills jump after the worst cold spell in years.
    Oil prices are now about three times what they were a year ago.
    "There is a long history of tripled oil prices causing consternation among consumers," Peter Beutel of Cameron Hanover said in a report Monday. "We are not there, yet, but gasoline prices at more than $3.00 is certainly an unwelcome sign of consumer distress."
    Prices rose 1.4 cents overnight to $2.749 per gallon, according to auto club AAA, Wright Express and Oil Price Information Service. Prices have climbed 8.4 cents a gallon in the past week and are 95.5 cents higher than a year ago.
    Prices almost always tick up toward the spring as more people begin to drive and refiners switch over to cleaner burning fuels as required by law.
    Okay Obama, get busy fixing this.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
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    Re: Gasoline prices zip toward $3 mark

    Quote Originally Posted by American View Post
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    Okay Obama, get busy fixing this.
    Aren't you conservatives supposed to be in favor of a free market?
    We became a great nation not because we are a nation of cynics. We became a great nation because we are a nation of believers - Lindsey Graham

    Quote Originally Posted by Fiddytree View Post
    Uh oh Megyn...your vagina witchcraft is about ready to be exposed.

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    Re: Gasoline prices zip toward $3 mark

    Quote Originally Posted by Redress View Post
    Aren't you conservatives supposed to be in favor of a free market?
    Aren't you liberal not? But I say drill baby drill.
    Last edited by American; 01-12-10 at 09:07 PM.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Gasoline prices zip toward $3 mark

    Drill baby drill. But how do we get them to drill more when that would drive prices down lowering their profits? The government should force the oil companies to drill more to keep prices artificially low.

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    Re: Gasoline prices zip toward $3 mark

    Why do we need to drill?

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    Re: Gasoline prices zip toward $3 mark

    Aren't you liberal not? But I say drill baby drill.





    __________________________________________________ ___________
    I am Glad, that I have a car that get at least 32 miles to the gallon. Gas prices, go up and down all the time. It has done the same thing during bush's term as well. They always rank up the prices during a ression, because less people are driving, so they have to get money somehow.

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    Re: Gasoline prices zip toward $3 mark

    Quote Originally Posted by idk View Post
    Why do we need to drill?
    Because the whole world needs oil to do almost anything...

    World Without Oil
    by Lise Maring

    "When most of us think about oil, we tend to think about heating oil for the furnace and about the gasoline and diesel fuel that keeps our cars and trucks on the road. What most of us don't realize, however, is that oil does more than just fuel our vehicles and keep us warm in winter. It has become the foundation upon which our entire modern civilization has been built. Recently, that foundation has begun to develop some cracks and has become a little shakier than it used to be, as cheap oil and natural gas become harder to find and acquire. Even if we were to develop a new source of energy and a more fuel-efficient car today, without oil, modern civilization as we have come to know it is still in deep trouble.

    To start with the basics, armies aren't the only organizations that run on their stomachs. So do civilizations. Agribusiness is totally dependent upon large machines and artificial fertilizers and pesticides in order to raise, harvest, and transport the vast quantities of grain, fruit, and vegetables we enjoy today. Fertilizers and pesticides require oil and natural gas, not only in their distribution, but in their manufacture as well. Also, feed for beef cattle, chickens, and turkeys depends very heavily on these same fertilizers and pesticides. When cheap sources of oil and gas are not readily available, the chemical industry passes the increased costs on to agriculture. The increasing prices for fertilizers and pesticides then results in increased food prices for the rest of us..."
    Continued: World without Oil

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    Re: Gasoline prices zip toward $3 mark

    Quote Originally Posted by Redress View Post
    Aren't you conservatives supposed to be in favor of a free market?
    Is that what you said when Bush was President?

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    Re: Gasoline prices zip toward $3 mark

    Quote Originally Posted by Dirty Harry View Post
    Drill baby drill. But how do we get them to drill more when that would drive prices down lowering their profits? The government should force the oil companies to drill more to keep prices artificially low.
    They can't just drill they also have to build refineries to refine the increased oil.

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    Re: Gasoline prices zip toward $3 mark

    Quote Originally Posted by ptif219 View Post
    They can't just drill they also have to build refineries to refine the increased oil.
    Drill it and they will come.

    Refineries are only at 85%(or less) capacity right now.

    http://tonto.eia.doe.gov/dnav/pet/pe..._dcu_nus_m.htm
    Last edited by Dirty Harry; 01-12-10 at 10:24 PM.

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