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GGniner Offline
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Post: #21
RE: gas prices
(10-27-2009 11:27 AM)RobertN Wrote:  Well, you can if you realize that it is the lack of regulation that allows this speculation BS to happen.

Yeah, and it stands to Reason that last year this time when gas prices fell to $1.50/gallon it was the fault of the evil speculators. Damn them!

oh wait04-chairshot
10-27-2009 11:37 AM
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RobertN Offline
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Post: #22
RE: gas prices
(10-27-2009 10:25 AM)GGniner Wrote:  
(10-27-2009 10:13 AM)Lord Stanley Wrote:  And some of the gas price increase is due to refineries having to change to winter blend fuels. This changeover reduces capacity as refineries go on and off-line.

same thing happens in May when they switch to Summer blends, plus increased demand with summer travel.

They made it worse though, environmentalist and Corn Lobbyiest successfully got the additivte MTBE(?) banned and replaced with Ethanol.
03-hissyfit It is HORRIBLE that they got rid of that poison. Of course, it was too late. THere were many places(especially East coast) where that crap just leaked right into the ground water. Btw, If I am not mistaken, the stuff doesn't break down in water(or it takes many years). No thanks.
10-27-2009 11:42 AM
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RobertN Offline
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Post: #23
RE: gas prices
(10-27-2009 10:27 AM)georgia_tech_swagger Wrote:  
(10-27-2009 09:12 AM)WMD Owl Wrote:  Nothing wrong with the refinerys in Texas and the pipelines are all up.

I say its the devalued dollar mostly to blame.

03-yes
Wrong. Speculation mostly to blame.
10-27-2009 11:44 AM
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RobertN Offline
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Post: #24
RE: gas prices
(10-27-2009 10:35 AM)DrTorch Wrote:  
(10-27-2009 10:23 AM)BGSUalum1987 Wrote:  
(10-27-2009 09:39 AM)DrTorch Wrote:  
(10-27-2009 09:23 AM)BGSUalum1987 Wrote:  
(10-27-2009 08:49 AM)DrTorch Wrote:  In our area gas prices shot up by $.25-.30 in the matter of 2-3 weeks.

That's over 10% in a very short time.

Yet, I haven't seen much about this anywhere, not even the MSM.

Guess it's not that interesting if you can't blame Bush.

*shrug*

We've heard plenty about here in Philly.

Interesting. But little-to-nothing on the national front.

Is this an E Coast (NJ megapolitan area) thing?

Could be. I've been here (East Coast) for 20 years, so I've lost my Midwest perspective. 03-idea

It does seem to me that we've gotten a steady stream of "gas prices up, gas prices down" information from local media for the last 10 years or so.

I don't follow local media much, but I certainly know that a .$30 climb in a few weeks would have been headline news in any of the past 4 years.

Quote:There's such a wide fluctuation in prices here - it's almost inevitably a lot cheaper in N.J., and the state law is you CAN'T pump your own. We also have a small town near us that has the same law and sometimes it's cheaper than the pump-your-own options nearby.

My reference to NJ is somewhat tongue-in-cheek. A few years ago I read an article pointing out that part of NJ gets claimed as the NY metropolitan area, and other parts belonging to the Philadelphia metropolitan area. The author mused that maybe it's NYC and Philly that are part of the "NJ megapolitan" area.

I am familiar w/ NJ's odd law about pumping gas. (I think Oregon is similar).
I am goint to take a wild guess here. You don't watch local media because "all local media in your area is far left propaganda". As for Faux not covering it, when they are in bed with the oil companies(ie. they are the spokespeople for the Republican party) of course they don't care about the average consumer when oil industry profits are on the line?
10-27-2009 11:53 AM
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Owl 69/70/75 Offline
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Post: #25
RE: gas prices
(10-27-2009 11:44 AM)RobertN Wrote:  
(10-27-2009 10:27 AM)georgia_tech_swagger Wrote:  
(10-27-2009 09:12 AM)WMD Owl Wrote:  Nothing wrong with the refinerys in Texas and the pipelines are all up.

I say its the devalued dollar mostly to blame.

03-yes
Wrong. Speculation mostly to blame.

You have any facts to support that? Build your best case.
10-27-2009 11:57 AM
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RobertN Offline
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Post: #26
RE: gas prices
(10-27-2009 11:35 AM)Owl 69/70/75 Wrote:  
(10-27-2009 11:27 AM)RobertN Wrote:  
(10-27-2009 08:49 AM)DrTorch Wrote:  In our area gas prices shot up by $.25-.30 in the matter of 2-3 weeks.
That's over 10% in a very short time.
Yet, I haven't seen much about this anywhere, not even the MSM.
Guess it's not that interesting if you can't blame Bush.
Well, you can if you realize that it is the lack of regulation that allows this speculation BS to happen. Of course, it is also Obama's fault(yes, I said it) for not fixing the problem that ran up gas prices the last time.

Robert,

Why don't you explain to us exactly what kind of regulation you have in mind, how it would work, and why it would make things better?

You have no clue what you are talking about here, and I'm guessing any attempt to explain would expose your ignorance, so I'm not expecting a reply.
See my second post in this thread. When this bubble bursts(again), don't come on here crying and wondering where all your money went. 05-stirthepot
10-27-2009 11:57 AM
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RobertN Offline
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Post: #27
RE: gas prices
(10-27-2009 11:37 AM)GGniner Wrote:  
(10-27-2009 11:27 AM)RobertN Wrote:  Well, you can if you realize that it is the lack of regulation that allows this speculation BS to happen.

Yeah, and it stands to Reason that last year this time when gas prices fell to $1.50/gallon it was the fault of the evil speculators. Damn them!

oh wait04-chairshot
Bubble burst what is so difficult to understand? Just like on many/most houses across the country(likely including yours) when the housing bubble burst. The value of the homes comes crashing down because nobody is buying at the rediculously high prices they got up to because nobody is making the wages to sustain those prices. Thus the crash.
10-27-2009 12:03 PM
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RobertN Offline
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Post: #28
RE: gas prices
(10-27-2009 11:57 AM)Owl 69/70/75 Wrote:  
(10-27-2009 11:44 AM)RobertN Wrote:  
(10-27-2009 10:27 AM)georgia_tech_swagger Wrote:  
(10-27-2009 09:12 AM)WMD Owl Wrote:  Nothing wrong with the refinerys in Texas and the pipelines are all up.

I say its the devalued dollar mostly to blame.

03-yes
Wrong. Speculation mostly to blame.

You have any facts to support that? Build your best case.
Try watching ANYTHING but Faux and you just might be enlightened by the real world. Not some fake "news" source that doesn't explain these things because they are in bed with Republicans who are in bed with big corporations.
10-27-2009 12:08 PM
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Ninerfan1 Offline
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Post: #29
RE: gas prices
(10-27-2009 12:08 PM)RobertN Wrote:  
(10-27-2009 11:57 AM)Owl 69/70/75 Wrote:  
(10-27-2009 11:44 AM)RobertN Wrote:  
(10-27-2009 10:27 AM)georgia_tech_swagger Wrote:  
(10-27-2009 09:12 AM)WMD Owl Wrote:  Nothing wrong with the refinerys in Texas and the pipelines are all up.

I say its the devalued dollar mostly to blame.

03-yes
Wrong. Speculation mostly to blame.

You have any facts to support that? Build your best case.
Try watching ANYTHING but Faux and you just might be enlightened by the real world. Not some fake "news" source that doesn't explain these things because they are in bed with Republicans who are in bed with big corporations.

Once again, you're not responding to the post. Telling someone to watch someone on TV make your point only reenforces the belief that you have no idea why you think what you do.

Make your best case for your point of view robert. Explain how speculation has sent gas prices higher. If you can.
(This post was last modified: 10-27-2009 12:22 PM by Ninerfan1.)
10-27-2009 12:20 PM
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RobertN Offline
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Post: #30
RE: gas prices
(10-27-2009 12:20 PM)Ninerfan1 Wrote:  
(10-27-2009 12:08 PM)RobertN Wrote:  
(10-27-2009 11:57 AM)Owl 69/70/75 Wrote:  
(10-27-2009 11:44 AM)RobertN Wrote:  
(10-27-2009 10:27 AM)georgia_tech_swagger Wrote:  
(10-27-2009 09:12 AM)WMD Owl Wrote:  Nothing wrong with the refinerys in Texas and the pipelines are all up.

I say its the devalued dollar mostly to blame.

03-yes
Wrong. Speculation mostly to blame.

You have any facts to support that? Build your best case.
Try watching ANYTHING but Faux and you just might be enlightened by the real world. Not some fake "news" source that doesn't explain these things because they are in bed with Republicans who are in bed with big corporations.

Once again, you're not responding to the post. Telling someone to watch someone on TV make your point only reenforces the belief that you have no idea why you think what you do.

Make your best case for your point of view robert. Explain how speculation has sent gas prices higher. If you can.
How about getting MUCH of the speculation out or decreased in the market? Make the minimum purchase higher?
10-27-2009 12:38 PM
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cb4029 Offline
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Post: #31
RE: gas prices
Rising gas prices are the biggest scam around. Damn thing shoots up before every holiday. A month before labor day, the shi* starts to go up. A month before Thanksgiving, the shi* starts to go up. It's a game being played on us every year. 01-lauramac2
10-27-2009 12:57 PM
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DrTorch Offline
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Post: #32
RE: gas prices
(10-27-2009 12:57 PM)cb4029 Wrote:  Rising gas prices are the biggest scam around. Damn thing shoots up before every holiday. A month before labor day, the shi* starts to go up. A month before Thanksgiving, the shi* starts to go up. It's a game being played on us every year. 01-lauramac2

Of course they drop right after labor day. They drop right after T'giving and Xmas.

It's almost like the increased demand at these times leads to increased prices...and vice versa.
10-27-2009 01:10 PM
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SumOfAllFears Offline
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Post: #33
RE: gas prices
(10-27-2009 10:57 AM)Ninerfan1 Wrote:  
(10-27-2009 09:12 AM)WMD Owl Wrote:  Nothing wrong with the refinerys in Texas and the pipelines are all up.

I say its the devalued dollar mostly to blame.

Yep. The weaker the dollar the more non-US investment that goes into commodities. Those same investors short the dollar so they make money on both ends.

The rules about investing in oil need to be changed.

This is George Soros' way of making money. It's why whatever is bad for the country and drives the dollar down he supports. That's why he is a far left liberal progressive. They play nicely into his hand.
(This post was last modified: 10-27-2009 01:35 PM by SumOfAllFears.)
10-27-2009 01:34 PM
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NIU05 Offline
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Post: #34
RE: gas prices
Refiners have been getting CRUSHED. They have taken capacity offline hoping they can return to profitability.

Their problem? LOWER DEMAND and higher costs to produce (higher oil, regulations, etc.etc...) . Not a very good business to be in long term.
10-27-2009 01:39 PM
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Lord Stanley Offline
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Post: #35
RE: gas prices
(10-27-2009 01:10 PM)DrTorch Wrote:  
(10-27-2009 12:57 PM)cb4029 Wrote:  Rising gas prices are the biggest scam around. Damn thing shoots up before every holiday. A month before labor day, the shi* starts to go up. A month before Thanksgiving, the shi* starts to go up. It's a game being played on us every year. 01-lauramac2

Of course they drop right after labor day. They drop right after T'giving and Xmas.

It's almost like the increased demand at these times leads to increased prices...and vice versa.

Oh I see what you did there.......
10-27-2009 03:03 PM
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WoodlandsOwl Offline
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Post: #36
RE: gas prices
(10-27-2009 01:39 PM)NIU05 Wrote:  Refiners have been getting CRUSHED. They have taken capacity offline hoping they can return to profitability.

Their problem? LOWER DEMAND and higher costs to produce (higher oil, regulations, etc.etc...) . Not a very good business to be in long term.

Give that man a prize.

Energy prices slumped today after the Energy Department reported a higher than expected jump in U.S. gasoline supplies.

Retail gasoline prices have ticked upward since the middle of the month, around the same time that crude futures rose above $75 per barrel for the first time this year.

The rising cost of crude and ensuing production cuts by refiners who are also stung by those prices has helped push gasoline prices higher for 15 days in a row.

The report by the Energy Information Administration today seemed to wash away fears of tightening supply, at least for now.

Gasoline supplies rose by nearly 2 million barrels though many energy analysts had expected supplies to fall for a third week in a row.

Gasoline futures on the New York Mercantile Exchange fell 3 percent almost immediately, though the prices that people see at the pump rose slightly overnight.

Refiners are buying less crude to make fuel because demand from airlines, trucking companies and motorists remains relatively week.

Diesel and jet fuel demand are both down over the past four weeks compared with last year, the government reported today.

Unable to pass off cost increase for the crude they must buy, refiners have shut down operations and production is currently at levels more common in the aftermath of a hurricane.

That is part of the reason why retail gasoline prices have been on a two-week upswing.

Even with energy demand low, the falling value of the dollar is driving crude futures higher. When the dollar falls, investors holding euros or other relatively strong currencies can buy more crude because it's bought and sold in dollars.

The dollar gained strength today, and crude prices fell.

Benchmark crude for December delivery fell $2.09, more than 2 percent, to settle at $77.46 a barrel on the New York Mercantile Exchange.

“Even with supply underlying the market, the current interest for energy swirls around the economy and the dollar,” said PFGBest analyst Phil Flynn.

Retail gas prices added eight-tenths of a cent overnight to $2.683, according to auto club AAA, Wright Express and Oil Price Information Service. That’s 8.7 cents higher than last week and 5.4 cents above what it was at this point last year. This week marks the first time that retail gas is exceeding prices 12 months ago, partly because prices are rising now, but also because gasoline was tumbling at this time in 2008 as the financial crisis spread.

In other Nymex trading, heating oil tumbled 5.82 cents to settle at $1.9969 a gallon. Gasoline for November delivery also fell sharply, 8.41 cents to settle at $1.9864 a gallon. Natural gas for November delivery fell 27 cents to settle at $4.289 per 1,000 cubic feet.

http://www.chron.com/disp/story.mpl/busi...90890.html
10-28-2009 08:44 PM
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