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Author Topic: Why gasoline prices are headed even higher... Back to Topics
Ply440GTX
Champion Author
Kansas

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Message Posted: Feb 9, 2013 4:14:42 PM

SAN FRANCISCO (MarketWatch) — Gasoline prices at the pump have climbed every day for the past 21 days — and they’re not going to let up anytime soon.

On Thursday, the average U.S. price for a gallon of regular gasoline stood at $3.555, making it the most expensive average ever for that day and the highest level since Oct. 26 of last year, according to AAA. See AAA’s Daily Fuel Gauge Report.

The price has risen 26.3 cents, or about 8%, this year, steeper than the 6.2% increase for the same period in 2012 and 1.6% rise for the same period in 2011, according to the motorist and leisure travel group.

“Gas prices increased at a blistering pace over the previous couple of weeks,” said Michael Green, AAA spokesman, adding that the jump of 17.4 cents between Jan. 28 and Feb. 4 marked the
Visit By Myra P. Saefong | MarketWatch for full article
REPLIES (newest first) Post a Reply
blupupher
Champion Author Houston

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Message Posted: Feb 11, 2013 8:23:03 AM

wish it would drop
virostek
Veteran Author Virginia

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Message Posted: Feb 11, 2013 7:12:31 AM

OK.
gs7101
Champion Author San Antonio

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Message Posted: Feb 11, 2013 7:05:43 AM

Greed -- no need for gas prices to be this high!
millerin
Champion Author Orlando

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Message Posted: Feb 11, 2013 5:57:24 AM

because everybody using gas these days.
heydano67
Champion Author California

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Message Posted: Feb 11, 2013 3:33:56 AM

always seems to be some excuse
DrCashFlow
Champion Author Massachusetts

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Message Posted: Feb 11, 2013 3:16:30 AM

declining refinery capacity
CityCouponer
Champion Author New Orleans

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Message Posted: Feb 11, 2013 2:41:50 AM

because the oil companies said so…
TruthMatters
Champion Author New Jersey

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Message Posted: Feb 10, 2013 8:29:49 PM

Can you explain this to GasBuddy first?
autotech46
Champion Author New Hampshire

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Message Posted: Feb 10, 2013 4:40:57 PM

When your a monopoly you control the price! Time to break them up AGAIN Make them cut prices to sell their brand.
FuelishGuy
Champion Author Edmonton

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Message Posted: Feb 10, 2013 4:32:10 PM

...was there any doubt that they wouldn't?

[Edited by: FuelishGuy at 2/10/2013 4:33:06 PM EST]
WalkingWV
Champion Author West Virginia

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Message Posted: Feb 10, 2013 4:25:59 PM

Pick an excuse, we have many.
MAC48
Champion Author Dallas

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Message Posted: Feb 10, 2013 2:48:51 PM

The real problem that we have today is the presence of “investors” who can buy and sell future contracts but cannot use the commodity represented by the future contract. If all entities that do not produce or use crude oil and products refined from crude oil were not allowed to buy or sell crude oil or products refined from crude oil future contracts, then only the oil companies and large industrial users of crude oil and crude oil products would be in the market determining the future price of crude oil and products refined from crude oil.

This change would mean that hedge funds, investment banks and very large private investors would not be able to buy or sell crude oil or refined crude oil products future contracts by “speculating” on being able to make a “trading profit” by timing the rise or fall of the commodity market price at a time specified in the future. This would go a long way in stabilizing the prices for both crude oil and the products made from crude oil.

Then those who always blame “Big Oil” for any adverse change in fuel prices or shortages of fuel can truly look to Big Oil and large industrial users as a major culprit in setting the price of oil and products made from oil domestically. Until investors are removed from the crude oil and refined product commodity markets, Big Oil is only a minor player.
bwatchingu
Champion Author Arkansas

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Message Posted: Feb 10, 2013 11:25:07 AM

excuses
millerin
Champion Author Orlando

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Message Posted: Feb 10, 2013 11:15:08 AM

does smb. know the answer? Share plz...
streetdesign
Champion Author Illinois

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Message Posted: Feb 10, 2013 10:49:50 AM

Crude in the Midwest comes from Venezuela not from the Arab countries but the prices here are just as bad dictated by the speculators.
Bugger2008
Rookie Author Albany

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Message Posted: Feb 10, 2013 9:33:59 AM

It's only American to do it
Ticobird
Champion Author Huntsville

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Message Posted: Feb 10, 2013 9:15:43 AM

There are a lot more things that effect the price of gas that were not mentioned in this article.
EvergreenON
Champion Author Ontario

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Message Posted: Feb 10, 2013 8:43:06 AM

And it is not based on Oil Crude international price, only on speculators interest.
turboz2012
Champion Author Charleston

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Message Posted: Feb 10, 2013 8:30:04 AM

all excuses
heydano67
Champion Author California

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Message Posted: Feb 10, 2013 5:03:18 AM

More out of my pocket
gs7101
Champion Author San Antonio

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Message Posted: Feb 10, 2013 4:18:01 AM

Blah, blah, and more blah!
Alaydown
Champion Author Los Angeles

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Message Posted: Feb 10, 2013 3:21:05 AM

Prices certainly will go much higher in California. Obama won the election, and this state is beyond saving because the environmental whacko DemocRATs are in charge. Cap-and-trade is the law here. We are already above $4 per gallon and are on pace for another record high this year.
truvoice1
Champion Author San Diego

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Message Posted: Feb 10, 2013 3:20:52 AM

Ugh! Not looking forward to any more increases here in California!
Ahking
Champion Author Orange County

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Message Posted: Feb 10, 2013 2:56:21 AM

world trade I guess.
MrLefty0706
Champion Author Chicago

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Message Posted: Feb 10, 2013 2:10:17 AM

What happened to the predictions made in December that 2013 would see stable prices?
MINIWINI598
Champion Author Washington

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Message Posted: Feb 10, 2013 1:53:37 AM

Crazy
mastermariner
Champion Author Texas

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Message Posted: Feb 10, 2013 1:07:08 AM

Supply and demand
Jayburt
Champion Author Toledo

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Message Posted: Feb 10, 2013 1:01:08 AM

Lots of excuses but the reality is their isn't enough money in the world to be made off the common working man for the big oil company executives, they won't be satisfied until they have homes filled with it
TXRanger09
Champion Author Dallas

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Message Posted: Feb 10, 2013 12:58:53 AM

During this swing months when refineries switch from winter to summer blends, buy only what you need. Let them store fuel in their tanks, not yours. This is the only way we (the US consumer) can fight this price whacking every spring. As for the people of California and New York, your just being taxed to death. Sorry, there is no good reason for it.
Vette1967
Champion Author Albany

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Message Posted: Feb 10, 2013 12:35:46 AM

The sky is the limit for pricing fuel.
CivicMA
Champion Author Boston

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Message Posted: Feb 10, 2013 12:26:22 AM

There is no end to what they can charge us. We have no choice but to pay it either.
JCI46009IN
Champion Author Indiana

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Message Posted: Feb 10, 2013 12:24:15 AM

Greedy big oil and speculators
mfgendron
Champion Author New York

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Message Posted: Feb 10, 2013 12:19:24 AM

The sky is the limit with prices. :(
rcornel
Champion Author San Diego

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Message Posted: Feb 10, 2013 12:00:15 AM

Wow!!!
andy1024
Champion Author Allentown

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Message Posted: Feb 9, 2013 11:42:19 PM

Speculators are now having their day.
Zing20
Champion Author Fresno

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Message Posted: Feb 9, 2013 11:40:57 PM

All comes down to greed.
TomT2Lee
Champion Author Cincinnati

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Message Posted: Feb 9, 2013 11:26:56 PM

Again, it is because the out-of-control politicians have put the country so far in debt that the only way to keep from going under is to devalue the US dollar, which gives them a little more time to keep the scam going. The longer it continues, the bigger the problem will be when the house of cards falls.
Tekkersmom57
Champion Author Syracuse

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Message Posted: Feb 9, 2013 10:36:03 PM

"Gas prices increased at a blistering pace over the previous couple of weeks"....ya think???? The rising price of gas is like a freight train on the move. Hard to stop it once it gets rolling except oil was back down by $2/barrel on Friday! I hope it continues to fall and they lose out on this big adventure of making money......would serve them right!
bwp9970
Veteran Author Alabama

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Message Posted: Feb 9, 2013 10:26:24 PM

Really
livedream
Champion Author Michigan

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Message Posted: Feb 9, 2013 10:22:13 PM

One word: GREED.
esq262
Champion Author Asheville

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Message Posted: Feb 9, 2013 10:20:21 PM

Hold on to your wallets.
LostInNY
Champion Author New York

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Message Posted: Feb 9, 2013 10:11:27 PM

no surprise, we keep giving our oil...
investmentdr
Champion Author Cleveland

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Message Posted: Feb 9, 2013 9:19:12 PM

Plunge is coming
Lugi1967
Champion Author Ohio

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Message Posted: Feb 9, 2013 9:10:37 PM

The value of the dollar maybe?
fowlcan
Champion Author Oklahoma City

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Message Posted: Feb 9, 2013 8:24:27 PM

The election is over BO and BIG OIL won!
crep1291
Champion Author Ottawa

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Message Posted: Feb 9, 2013 8:03:03 PM

Not surprising at all actually.
knutzAL
Champion Author Alabama

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Message Posted: Feb 9, 2013 7:45:37 PM

simple really. its the dollar.
YaBassa
Champion Author Michigan

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Message Posted: Feb 9, 2013 7:24:50 PM

Greedy Big Oil has raised the pump price of regular 70¢/gallon since the first of the year
mpg611
Champion Author Cleveland

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Message Posted: Feb 9, 2013 7:16:59 PM

Oh you should see the look of surprise, shock and horror as I read the title *sarcasm*.
molebaby96
Champion Author Tallahassee

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Message Posted: Feb 9, 2013 7:13:10 PM

Government needs to work on lowing fuel price.p
Zuegma
Champion Author Nova Scotia

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Message Posted: Feb 9, 2013 6:59:21 PM

In the absence of a comprehensive national energy and transportation strategy, the prices are subject to whims, poor news, speculation and to the proverbial 4 winds.
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