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Author Topic: $.54 increase in 5 weeks??? Back to Topics
rcoplien

Rookie Author
Wisconsin

Posts:4
Points:5,455
Joined:Aug 2012
Message Posted: Feb 18, 2013 3:59:51 PM

So what is really causing the increase in gas to go up .54 cents in 5 weeks? Spring blend? I call BS on that. We are using less gas now and have plenty of supply. There is absolutely no reason gas prices should be going up!!Funny how they toy with folks at the beginning of January and get the prices down to $3.25 then rank it back up just when hopes were going up of gas going under $3.00 a gallon.
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Don
Moderator
Message Posted: Apr 24, 2013 6:44:37 PM

Hi guys,

If a topic has been inactive for 2 or more months, please do not post in it.

Thanks!

-Don
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highroller47
Rookie Author St. Louis

Posts:1
Points:1,020
Joined:May 2007
Message Posted: Apr 24, 2013 4:45:39 PM

I have been following the color-coded price-per-gallon maps for several years and the St Louis area has almost always been "green", with prices in the lower quartile of the USA price profile. Can anyone explain why St Louis is now "brown", with prices at or near the USA average price? It looks like those who pull the price strings simply decided to make a bigger margin as our gas taxes have not changed. Any ideas out there???
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grampi47
Champion Author Illinois

Posts:6,163
Points:83,165
Joined:Apr 2006
Message Posted: Apr 24, 2013 3:31:23 PM

Prices here just went up 29 cents over night...there's no reason for this robbery! Prices should be going down based on supply and demand...
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BuzzLOL
Champion Author Toledo

Posts:3,883
Points:51,665
Joined:Apr 2011
Message Posted: Apr 24, 2013 2:10:23 PM

.. Gas jumped up instantly 40c here after the Boston Bombings... and up another 20c the next day... has settled back about 20c since then...
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jason54915
Champion Author Appleton

Posts:13,396
Points:3,073,795
Joined:May 2004
Message Posted: Feb 22, 2013 10:12:23 AM

Appleton, WI went from 3.18 to 3.75
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altlandf
Veteran Author Pennsylvania

Posts:267
Points:24,870
Joined:Aug 2003
Message Posted: Feb 22, 2013 10:11:21 AM

The people that sell gas are just ripping us off plain and simple. Go to www.shipleywholesalefuels.com and read the pages thet have there. Then go to pricing options. They have what they call fixed-forward contract. This is a locked in flat price. Then you have a maximum price contract which is a locked in maximum price for a up from premium. Then they have a collar which is a range of price protection, creating a floor and a ceiling. If you go to the post office you can purchase the FOREVER stamp for .46 cents. The fixed-foward contract is just like the FOREVER stamp. No matter how much postage goes up you still will pay .46 cents for a first class stamp. How do you think everyone that sells gas can expand like they do? An AP article "Big Plans Ahead for Sheetz" That article talks about the fact that they want to build 500 stores. They are getting close. They are at about 435 stores. I check the gas price out on www.cmegroup.com. You are looking for rbob gasoline. This is what we put into our cars. The last week of June of 2012 rbob gasoline was trading for around $2.25 a gallon. They purchase gas low and sell it high making excuses for jacking the price up. Last year when Royal Farms was building the store in York on Loucks Road they were building 11 other stores at the same time!!! We are all being ripped off. If the police would do their jobs gas wouldn't be so high.
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WEPSMAN
Champion Author South Dakota

Posts:11,246
Points:2,464,750
Joined:Mar 2005
Message Posted: Feb 21, 2013 4:48:03 PM

Prices have jumped drastically here too.
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BuzzLOL
Champion Author Toledo

Posts:3,883
Points:51,665
Joined:Apr 2011
Message Posted: Feb 21, 2013 4:12:05 PM

.. Up nearly a $1 here from $2.72 to $3.65 over 5 weeks... now back down 11c to $3.54...
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artsbest
Rookie Author Illinois

Posts:2
Points:140
Joined:Feb 2013
Message Posted: Feb 21, 2013 2:43:38 PM

Refineries (which are becoming extinct)are running nowhere near capacity. And yet the US is EXPORTING over 1.5M barrels of gasoline daily.

And the hedge funds (Wall Street bandits) have wagered over 400M barrels worth of futures contracts YTD. In other words they're betting the ranch that gas prices will RISE. What a surprise. That's exactly what's happening which is a total disconnect between supply/demand current conditions.

America is a whore house today where as people will step on their mothers to make fast money. And the rest of us suffer.
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grampi47
Champion Author Illinois

Posts:6,163
Points:83,165
Joined:Apr 2006
Message Posted: Feb 21, 2013 1:50:13 PM

It's nothing but profiteering...supply is up (even when factoring in the refineries that are down for maintenance), and demand is down...price no longer follows supply and demand...it's based on how high of a price can they get away with...the oil industry is a free-for-all industry where there are no controls on what it can charge for its product, even though it's product is vital to the very existance of most of the world's economies...it's the perfect storm for a total world economic collapse...
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PatAZ
Champion Author Tucson

Posts:10,054
Points:142,130
Joined:May 2008
Message Posted: Feb 21, 2013 11:51:47 AM

Just use less like Obama says.
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ExcusesExcuses
Champion Author Atlanta

Posts:1,139
Points:145,210
Joined:Sep 2005
Message Posted: Feb 20, 2013 10:37:55 AM

40 cent increase in 4 days here. 10 cents a day since Sunday.
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dvc2
Champion Author Oakland

Posts:2,347
Points:886,180
Joined:Aug 2011
Message Posted: Feb 19, 2013 3:47:22 PM

The Raping of the American consumer continues.
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down2fumes
Champion Author Jacksonville

Posts:3,419
Points:664,155
Joined:Aug 2012
Message Posted: Feb 19, 2013 3:10:53 PM

Major jump up 56 cents in 3 weeks here in 32210!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

This total BS!!!!!!!!!!!!!!!!!!!!!!!
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gvan
Champion Author Chicago

Posts:24,911
Points:3,337,940
Joined:Dec 2004
Message Posted: Feb 19, 2013 2:50:51 PM

I bought gas on 1/27/13 for $3.32 a gallon. Now it is $3.97 at that station. That's 65 cents in three weeks! Many stations are in the price range of $4.09+. However, I have no idea why the price has escalated so much in a short time. Supposedly there are some refineries in the Midwest that are closed for maintenance. I'm hoping this is a temporary increase and it will decline in a week or two.
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NickoliMB
Champion Author Manitoba

Posts:4,734
Points:950,820
Joined:Dec 2011
Message Posted: Feb 19, 2013 12:40:43 PM

Some places in Manitoba have seen a 60 cent plus increase per gallon in a week..What a joke.
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MIT05
Champion Author Massachusetts

Posts:6,209
Points:1,878,220
Joined:Aug 2008
Message Posted: Feb 19, 2013 6:23:48 AM

30-35 cents in the last month here.

It hurts.
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MertieMan
Champion Author Lexington

Posts:17,114
Points:3,398,835
Joined:May 2005
Message Posted: Feb 19, 2013 5:08:33 AM

We have you beat on that one, how about .60 cents per gallon in less than two weeks.
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gougenator
Champion Author Dallas

Posts:33,102
Points:3,726,585
Joined:Aug 2003
Message Posted: Feb 19, 2013 4:45:07 AM

decrease in production, yes AND exporting it too ,so double whammy of shorting the product here ,why i dunno except to BOLSTER greed and padding of those evil crooks pockets and someone let them!
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sjhman
Veteran Author Atlanta

Posts:429
Points:670,825
Joined:Sep 2008
Message Posted: Feb 19, 2013 12:46:29 AM

decrease in production
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2Tall
Champion Author Maryland

Posts:18,340
Points:3,428,680
Joined:Jun 2004
Message Posted: Feb 19, 2013 12:03:57 AM

crazy...
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Buddy2264
Champion Author Tampa

Posts:14,028
Points:2,863,220
Joined:Oct 2005
Message Posted: Feb 18, 2013 11:49:23 PM

And still going up, pump more oil in the US and Canada and export more fuels for higher profits, and lower imports, but our price continue to go up for fuels.
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traffic cop
Champion Author Boston

Posts:2,801
Points:985,815
Joined:Oct 2004
Message Posted: Feb 18, 2013 8:30:13 PM

Maybe the fact that Pres. Obama has a desire to curb hydrocarbon energy as much as possible: if energy (e.g. gasoline) is too expensive we'll be forced into buying/subsidizing with taxes/paying higher utility rates for "sustainable" "green" energy.

Follow the money! Not building the Keystone pipeline means oil has to be hauled by rail. This will be done by Burlington Northern Santa Fe RR, which is owned by Obama crony-capitalist and tax-cheat Warren Buffett's Berkshire Hathaway.

And we already know about his campaign contributors who got lots of guaranteed tax loans from Solyndra, A123 Battery, Fiskar auto, etc. etc. etc.
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PithyOpiner
Champion Author Stockton

Posts:18,262
Points:1,963,965
Joined:Jun 2008
Message Posted: Feb 18, 2013 5:59:21 PM

rc, there is nothing we can do about it. Just flow with the punches. They got us by the short hairs. Just try not to squirm and it won't hurt as much.
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badger2
Champion Author Boise

Posts:1,186
Points:242,740
Joined:Apr 2007
Message Posted: Feb 18, 2013 4:58:00 PM

And the speculators are laughing at us all the way to the bank to deposit their $millions.
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Sneakers55
Champion Author Houston

Posts:61,296
Points:2,573,760
Joined:Nov 2005
Message Posted: Feb 18, 2013 4:03:01 PM

You're observing the normal changes in the price of gasoline (price falls in the fall, price rises in the spring) and every year for the past few, under both Bush and Obama, the swings have gotten wider and wilder. You can observe this by looking at the historical GasBuddy price charts.
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