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Why are gas prices going back up?

Refinery workers are going on strike claiming lack of production is causing them to lose hours. Yet people are travelling more with prices down. Anyone see a problem with this lie?
 
Standard Operating Procedure.
Prices have risen and fallen briefly since the late 70's and 80's (remember those fun days of listed "Half Price" on pumps?)

Here's something fun, when looking at prices in other countries, like Britain, at least we don't pay by the Litre, which, at, say, $2.50 per LITRE, a gallon would be close to $10.00, so current prices are not so bad eh.
--Just feeding the "food 4 thought" appetite--
CHEERS!!
 
Cerberus_Kelpie said:
Standard Operating Procedure.
Prices have risen and fallen briefly since the late 70's and 80's (remember those fun days of listed "Half Price" on pumps?)

Here's something fun, when looking at prices in other countries, like Britain, at least we don't pay by the Litre, which, at, say, $2.50 per LITRE, a gallon would be close to $10.00, so current prices are not so bad eh.
--Just feeding the "food 4 thought" appetite--
CHEERS!!
Click to expand...

Obama says we can afford $10.00 per gallon gas.
 
Local station here (Shell) 7-11 went from 1.98 a gallon to 2.19 a gallon in 24 hours
 
Looks like it is time to load the 55 gallon barrels into the pickup and head into town before it jumps any higher . . . . . . . .
 
I guess that's better than loading up the double barrel shotgun....you could get free room and board if you used the shotgun.....

RacerX69 said:
Looks like it is time to load the 55 gallon barrels into the pickup and head into town before it jumps any higher . . . . . . . .
Click to expand...
 
My junk yard gas is still $0.00 a gallon. I told my buyer that he'd better be checking the gas gauge before buying any more cars.
 
Cerberus_Kelpie said:
Standard Operating Procedure.
Prices have risen and fallen briefly since the late 70's and 80's (remember those fun days of listed "Half Price" on pumps?)

Here's something fun, when looking at prices in other countries, like Britain, at least we don't pay by the Litre, which, at, say, $2.50 per LITRE, a gallon would be close to $10.00, so current prices are not so bad eh.
--Just feeding the "food 4 thought" appetite--
CHEERS!!
Click to expand...
Here in Mexico gas (unleaded regular) is 13.57 (pesos) per liter.... multiply by 3.79 liters per U.S gallon it comes to 51.4 pesos per gallon.... The average daily exchange rate is about 14.60 pesos per dollar... which translates to $3.52 per gallon.... So Gas in the States is still a bargain at $2.25.... I hope it's still that low when I return...!
 
After feast comes famine..the short lived but highly lucrative wells will die out if drilling has a break, when it starts to run thin there will be crying at the pump before they get crude moving again.
If the Saudis get their way, it will knock out the US shale plays it will take a while for things to get going around here again and they'll have a larger share of the market and we still buy a lot of crude from them.
 
WildHeart said:
After feast comes famine..the short lived but highly lucrative wells will die out if drilling has a break, when it starts to run thin there will be crying at the pump before they get crude moving again.
If the Saudis get there way, it will knock out the US shale plays it will take a while for things to get going around here again and they'll have a larger share of the market and we still buy a lot of crude from them.
Click to expand...

Thanks for a sane explanation. If it continues to go up again it won't be long before the loons come back out crying about "Big Oil" manipulating prices. During the recent decrease in price we haven't heard a peep out of them about "Big Oil" manipulating prices.
 
SuperCourse said:
Thanks for a sane explanation. If it continues to go up again it won't be long before the loons come back out crying about "Big Oil" manipulating prices. During the recent decrease in price we haven't heard a peep out of them about "Big Oil" manipulating prices.
Click to expand...

There has been a lot of talk about it having a lot do with with Russia.... With that being the case, it is about price manipulating..... "Big oil" can very well afford to "take the hit" on price and will without doubt reap their rewards for cooperating....... and as everyone expects, prices will rise again after this crisis is past....and any losses will no doubt be made up....So enjoy it while it lasts.....because it won't last....... Just in case you don't know... Big Dave & Flounder are the only real "Lasts" we have...!..
 
pilot87 said:
There has been a lot of talk about it having a lot do with with Russia.... With that being the case, it is about price manipulating..... "Big oil" can very well afford to "take the hit" on price and will without doubt reap their rewards for cooperating....... and as everyone expects, prices will rise again after this crisis is past....and any losses will no doubt be made up....So enjoy it while it lasts.....because it won't last....... Just in case you don't know... Big Dave & Flounder are the only real "Lasts" we have...!..
Click to expand...


The Saudis were getting pinched by Russia and the US flooding the market with their shale oil. So the Saudis did the only thing they could do to get control back. They upped production. This lowered the price per barrel and crushed the Russian currency and made it unprofitable for the US to continue scrapping rocks for oil. The Russians are now talking about a deal to secure a production quota that favors them. Any money the Saudis lost in their effort will be returned and then some.
 
highspeeds said:
The Saudis were getting pinched by Russia and the US flooding the market with their shale oil. So the Saudis did the only thing they could do to get control back. They upped production. This lowered the price per barrel and crushed the Russian currency and made it unprofitable for the US to continue scrapping rocks for oil. The Russians are now talking about a deal to secure a production quota that favors them. Any money the Saudis lost in their effort will be returned and then some.
Click to expand...

And we will bear the burden.
 
pilot87 said:
There has been a lot of talk about it having a lot do with with Russia.... With that being the case, it is about price manipulating..... "Big oil" can very well afford to "take the hit" on price and will without doubt reap their rewards for cooperating....... and as everyone expects, prices will rise again after this crisis is past....and any losses will no doubt be made up....So enjoy it while it lasts.....because it won't last....... Just in case you don't know... Big Dave & Flounder are the only real "Lasts" we have...!..
Click to expand...

I'm not as concerned with "Big Oil" as I am with "Big Tech", they're much more sinister.
 
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