Let's all move to Colorado.
Let's all move to Colorado.
some areas are getting the benefit of the oil companies dumping product.
U.S. gasoline stockpiles increased 1.63 million barrels to 231.8 million in the week ended Feb. 3, according to the Energy Department. Supplies were at an 11-month high and gained 14 percent since Nov. 4.
Deliveries to wholesalers during the past four weeks were 6.8 percent below a year earlier while total fuel supplied was down 4.8 percent.
Gasoline demand at the pump in the week ended Feb. 3 sank 2.8 percent from the prior week and was more than 5 percent below year-earlier levels for the third straight week, according to MasterCard Inc.’s SpendingPulse report on Feb. 7. Consumption during the previous four weeks was 4.9 percent below a year earlier, the 48th consecutive decline in that measure.
Joy. Oil just topped $105 a barrel. I'm sure the local gas stations will be very slow to react to the higher price though, you know, just like they do when the price per barrel goes down.
$5/gal gas is a small price to pay to insure that obama will be a one term president. The sooner it hits $5.00, the better!
Liberal - A person so "open minded" that their morals, values and intelligence have fallen out and been lost.
Learn the truth about obama BEFORE you vote... 2016 by Dinesh D’Souza
Fuel consumption is down. So what is driving the price? I know, how about the rest of you? Those on the right would love it if there was a republican president.
The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.
Must see video
Good write up here
From what Ive read..the current price increases seem to be a result of the seasonal adjustments made to fuels..a fire in a far western refinery etc.
And I understand..our collective impluse is to blame politicians and at the same time to look to politicians to solve the problem. Politicians should back away from the issue. What is a politician going to do? Call for the Keystone solution? Keystone wont change pump prices...were awash in oil really.
So resist the temptation of asking politicians to change things.
As long as oil is traded on a global market..of which we are only a "part"..these rises happen....and there is no way to legislate away ME political volitility and its effect on oil costs.
Nothing cures high prices like high prices.
^^Yeah bigtime...thats the biggest benefit...less risk in oil prices
Obama just wants us all to drive Nissan Leafs.
Yeah^^ and ignore the fact that sanctions on Iran have hidden costs. I also read the administration claim that oil demand is way down because of car standards etc. ...again avoiding the obvious impact of huge unemployment.