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Author Topic: Causes of Gasoline price increases! Back to Topics
Buickdriver7
Champion Author
Ontario

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Message Posted: Jan 31, 2013 9:59:17 PM

Almost every day, there are news stories posted on GasBuddy.com stating reasons (excuses) why Gasoline prices suddenly jump disproportionately more than the increase in the price of Crude oil.
It's time for us to start keeping an ongoing list of all these ridiculous reasons that the BIG OIL PR machines keep gagging us with.
Add to the list whenever you see something posted in the media.

1. Panic over Refinery explosion in Toledo, Ohio...Jan.30, 2013
2. Kinks (undefined)
REPLIES (newest first) Post a Reply
THEMUSICRABBI
Sophomore Author New York

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Message Posted: Feb 6, 2013 2:47:09 PM

gready owners
eyegotgas2
Champion Author British Columbia

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Message Posted: Feb 6, 2013 1:36:58 PM

Sounds like they are blaming refineries and crude oil transport costs.
PatAZ
Champion Author Tucson

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Message Posted: Feb 6, 2013 12:54:56 PM

It's that time of the year again.
WEPSMAN
Champion Author South Dakota

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Message Posted: Feb 6, 2013 12:15:45 PM

Oil prices are up 10%.
wbacon
Champion Author Philadelphia

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Message Posted: Feb 5, 2013 6:00:05 PM

the so called "environmental movement"
BuzzLOL
Champion Author Toledo

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Message Posted: Feb 5, 2013 5:55:40 PM

.. Best action is always buy only at lowest priced station in your area... this causes competition that the stations and oil companies really pay attention to..!!!. It doesn't take a week or a month for a station/oil company to realize it hasn't had any customers...
ace12012
Champion Author Phoenix

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Message Posted: Feb 5, 2013 4:46:08 PM

usually the cost of oil.
WES03
Champion Author Maryland

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Message Posted: Feb 5, 2013 4:31:03 PM

Look in the mirror.
hornet17
Champion Author Vancouver

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Message Posted: Feb 5, 2013 1:48:57 PM

3. Pretty much any excuse you can think of.
Mr1lung
Champion Author Phoenix

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Message Posted: Feb 5, 2013 11:35:30 AM

higher profits
Howmuchtofillit
Champion Author Trenton

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Message Posted: Feb 5, 2013 11:34:01 AM

GREED!!
MertieMan
Champion Author Lexington

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Message Posted: Feb 5, 2013 5:20:30 AM

Since when did the crooks need an excuse to do anything?
Buickdriver7
Champion Author Ontario

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Message Posted: Feb 4, 2013 11:47:52 PM

Feb. 4, 2013:
QUOTE:
A strong stock market and signs of a healing global economy often lead to higher oil and gas prices. This time there seem to be a cocktail of factors feeding the high prices:
•A jump in crude oil prices, as economic sentiment improves. U.S. stock markets are reaching for record highs and China's economy seems to be doing better.
•Refineries are taking this time to do seasonal maintenance and are switching to summer blend gasoline — so capacity is temporarily restricted.
•Tensions in the Middle East are in the news again.
BigHorne1
Champion Author Missouri

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Message Posted: Feb 1, 2013 9:31:11 AM

greed by companies we have no control over
Somis1
Champion Author Ventura

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Message Posted: Feb 1, 2013 9:21:27 AM

People buy irrespective of price.
bmsgolf
Champion Author Amarillo

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Message Posted: Feb 1, 2013 9:09:47 AM

speculaters!
Boyrr
Champion Author Allentown

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Message Posted: Feb 1, 2013 9:08:21 AM

greed
badger2
Champion Author Boise

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Message Posted: Feb 1, 2013 8:43:19 AM

Top 3: Traders, traders, traders.
hawkman1950
Champion Author Michigan

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Message Posted: Feb 1, 2013 8:38:23 AM

If you look at the price of oil from a year ago it was going for more money than it is selling for today. But in Michigan we are paying 40 cents a gallon more for it today than we were a year ago even though oil is cheaper. Someone care to explain this one to me. Could it be just plain GREED by the oil and gas companies???
MertieMan
Champion Author Lexington

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Message Posted: Feb 1, 2013 8:26:25 AM

Their main excuse is they just want to legally steal from us. Just like a horse foundering over food if not stopped.
2Tall
Champion Author Maryland

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Message Posted: Feb 1, 2013 12:27:56 AM

breaking us in for the summer!
altlandf
Veteran Author Pennsylvania

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Message Posted: Jan 31, 2013 11:39:57 PM

Greed. That's all. Just go to www.shipleywholesalefuels.com and read what it says. Click on the pricing options. There's something called Fixed-foward contract - A locked flat price. Maximum price contract - A locked in maximum price for an upfront premium. Or Collar - A range of price protection, creating a floor and a ceiling. In most cases the gasoline sellers get their fuel at a certain price and play the up and down game with people. It's time to get them busted for ripping people off.
Buickdriver7
Champion Author Ontario

Posts:4,244
Points:1,510,115
Joined:Jan 2011
Message Posted: Jan 31, 2013 10:28:13 PM

11. Weak U.S dollar
12. Proposed new EPA fuel regulations...Jan. 30, 2013

[Edited by: Buickdriver7 at 1/31/2013 10:31:29 PM EST]
Buickdriver7
Champion Author Ontario

Posts:4,244
Points:1,510,115
Joined:Jan 2011
Message Posted: Jan 31, 2013 10:15:20 PM

6. Closing of Port Reading refinery in New Jersey
7. Stock market/speculation in gasoline futures
8. Increases in State gasoline taxes
9. Changeover to summer grade gasoline
10. Political tensions in the Middle East

[Edited by: Buickdriver7 at 1/31/2013 10:23:02 PM EST]
Buickdriver7
Champion Author Ontario

Posts:4,244
Points:1,510,115
Joined:Jan 2011
Message Posted: Jan 31, 2013 10:06:08 PM

3. Refinery "seasonal" maintenance
4. "Hopes" of stronger economic growth in th U.S. and overseas/optimism about the economy
5. Low gasoline inventories

[Edited by: Buickdriver7 at 1/31/2013 10:09:17 PM EST]
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