2012 gas prices, oh boy..

[Invictus]

Let's all move to Colorado.

I've been considering a move to Colorado for years. All my friends that live there love it. Meanwhile i live on the beach and strongly dislike the state i reside in. If it were not for my business ventures, i would of left a long time ago.

[no2guncntrl]

It's the refineries or lack of. Some have been closed down because companies
have lost up to a million a day or more trying to refine.

[tucker]

$4.15... regular gas.

The price in my neck of the woods went up 20 cents yesterday.

Regular unleaded $4.29

Thank you mr president…

[tucker]

Let's all move to Colorado.

I have a gay cousin that lives in Colorado.

I'm not sure what that has to do with the price of gas...

[SteveW]

Gentlemen please. What better way for Iran to fund development of it's Nuclear Weapons program?

High Oil prices are in the best interest of any oil exporting country.

Think about it.

[jimzinsocal]

Smart way of explaining things:

http://www.speaker.gov/Blog/?postid=281631

[baghdad bob]

doubt anything has changed from last spring. except it's an election year.

http://www.forbes.com/sites/robertle...0-70-a-barrel/

Rex Tillerson, the boss of ExxonMobil admitted last week that the price of oil–based purely on supply and demand- should be in the $60 to $70 a barrel range. The reason it’s above $100 a barrel, Tillerson explained, is due to the oil majors using futures contracts to lock in current high prices, and speculation that is engineered by the high-frequency trading of quantitative hedge funds.

the speaker doesn't show this in his graph.

http://www.wtrg.com/rotaryrigs.html

North American Rotary Rig Counts

The U.S. rotary rig count was down 13 at 1,981 for the week of February 24, 2012. It is 282 rigs (16.6%) higher than last year.

The number of rotary rigs drilling for oil was down 7 at 1,265. There are 482 more rigs targeting oil than last year. Rigs drilling for oil represent 63.9% percent of all drilling activity which is the highest percentage since 1998.

Gasoline: The new big U.S. export

bb

[Enmore]

The price in my neck of the woods went up 20 cents yesterday.

Regular unleaded $4.29

Thank you mr president…

$8.18 here.

Largely due to the highest fuel taxes in Europe.

[Meridian]

$8.18 here.

Largely due to the highest fuel taxes in Europe.

And the lowest road tolls of course. There's more than one way to milk motorists.


M

[jimzinsocal]

The Strategic Reserve

http://www.nationalreview.com/corner...y-mario-loyola

[kbohip]

$8.18 here.

Largely due to the highest fuel taxes in Europe.

Sheesh. At least England's a small country?

[Enmore]

Relatively small, but fuel costs impact all other prices of course.

And the lowest road tolls of course. There's more than one way to milk motorists.


M

Toll roads are at least optional. If I'm driving in France, I prefer to stick to the older (free) roads anyway.

[Keven]

Toll roads are at least optional. If I'm driving in France, I prefer to stick to the older (free) roads anyway.

Well, it's England, so I imagine everybody driving around in James Bond's Aston Martin on rural country roads.

[madhatter256]

Don't worry guys. Thanks to Obama's god-like thinking, the Keystone oil pipeline is underway. The southern portion of the pipeline will be begin construction soon and should be finished by 2013! It's the northern pipeline that will take longer to build due to the pipeline crossing the US/Canada Border requiring further review of Uncle Sam.

Oh and leave it to Canadians to build the thing.... right.

[Keven]

Don't worry guys. Thanks to Obama's god-like thinking, the Keystone oil pipeline is underway. The southern portion of the pipeline will be begin construction soon and should be finished by 2013! It's the northern pipeline that will take longer to build due to the pipeline crossing the US/Canada Border requiring further review of Uncle Sam.

Oh and leave it to Canadians to build the thing.... right.

Are you being sarcastic? You know Obama killed the Keystone pipeline?