Here we go again

Checked on the computor this morming & the price of gas in my nearest one station town was $2.15, after lunch $2.19 just came back from getting something to eat & now its $2.25. Now its possible that they got a delivery bu not two in one day, this station normally only gets one a week. Get ready for another oil co. rip-off.

I just paid $1.89 here locally. Where is yours?

I`m in Linesville, Pa. $2.25 all around here $2>28 right across the Ohio boarder in Andover, Ohio where the state gas tax is a wee bit less.

Update! its now $2.29 in Andover, Ohio.

Here in NJ my Fuel oil price went from 1.75 to 1.89 overnight &
Reg Gas was 1.89 and is now 2.09 (off brand)

Bob

Well, it's getting close to Memorial Day. Prices always go up for the summer.

Freddy wrote:Well, it's getting close to Memorial Day. Prices always go up for the summer.

True.... the summertime vacation rush usually drives the prices up. But what doesn't, these days.

DVC500_at_last wrote:

Freddy wrote:Well, it's getting close to Memorial Day. Prices always go up for the summer.

True.... the summertime vacation rush usually drives the prices up. But what doesn't, these days.

This year the greatest impact on pricing is the economy...Unemployment in the area of 9% is crippling...
A broader view of the number of unemployed (beyond publicized gov't figure) is ACTUALLY CLOSER TO 16%...
Vacations, on the whole, will be far more frugal. I don't know if that means more gasoline usage, with local and day trips or not...

In my view the price of gasoline and other petroleum fuels will not rise as driven by demand, but rather by supply as restricted by OPEC (so as to drive pricing further upwards) The speculators will play this to their content and our detriment...


Bob

Crude Oil is going up in price.
Raw stock price increase along with summer driving demand and lack of excess refining capacity all are contributing factors.
The seasonal changeover from HHO to gasoline, special regional blends, increased summer production demands and the Feds put the refining end under a great deal of pressure.
Fed regulations require the refineries to do special runs of regionalized blends of gasoline.
The refineries run at near capacity and the special regional blends for summer use (smog/EPA/evaporation/vapor lock) effect production.
This is further complicated by the lack of any new refinery capacity in the last 20+ years due to...the Feds.
The refineries run near capacity and any glitch/changeover/blend change/maintenance causes a drop in production.
We actually import refined gasoline due to a lack of refining capacity.
This is Supply and Demand getting further *ucked up by Government intervention.
So blame the Feds and Demand not some Oil Company Conspiracy.

LNG imports in the winter for the Northeast due to increased winter home heating demand and a lack of pipeline capacity create similar price increases on NG.

In other words........ thank a tree-hugger.

$2.45 here as of yesterday. Up $.25 in a week. I'm not surprised because crude oil keeps rising. It closed at $58.63 a barrel yesterday. That's up over $20 in 3 months. I've been watching the markets closely and when the DOW, NASDAQ and S&P go up, so does crude. I project $3 a gallon in July, if not sooner.

On another note, coal prices have dropped $25 a ton here.

Yep,every summer usage cycle will spell higher prices,has never failed.We can't do anything about it.What I object to is the mysterious brew and compounding the government is mandating.I am no great fan of oil companys but I also do not think the government should be directing a private enterprise as to what they will and will not provide.Case in point,I just purchased a new chainsaw and had occasion to speak with an engineer at the company.He told me if I wanted any life at all from the fuel system on the saw to use the gasoline completely or empty the tank every time I use it.Then start the engine and run it dry also. We seem to have a hard time buying anything that doesn't have 10% ethanol in it around here.I understand that type of fuel is very hard on soft gasketing materials as used in the pre ethanol engines and I have a lot of older engines.ugh!! MIke

The oil co.s always put the blame on something, the refineing process doesn`t change much the the additives that are added & I had heard that was relaxed a bit by the Gov. of course that could have just been temp. I just believe that its a seasonal rip-off that they take advantage of, summer comes every year. When ever the oil price goes down theres always higher priced gas in the pipeline & storage tanks but when oil goes up the lower priced gas doesn`t exist.

Forgot to add its $2.35 to $2.39 a gal now thats 20 cents or better in a week on every gallon, the oil price hasn`t gone up that much per barrel in fact it had gone down some. Not bad for a price increase over 7 days it will be interesting to see big oils profits again.

Hmmm....maybe time to buy stock in Exxon/Mobil.