damned speckelaters...

The gas stations that you see the increase first. Never get gas there again. -The Consumer.

Hurricanes are the best thing that ever happened to Shell, Exxon, etc.

Before the recent storms, oil was dropping. Prices had dropped to pre-April levels, when I paid about $2.50. Depite the recent drop, gas was still $1 higher now. Hmm.

Now, the hurricane allows them to raise prices even though oil prices drop. So, they will get more per gallon with $100 per barrel oil than when it hit $145.

Next, they will not drop prices again unless oil drops. So, if oil does not hit $75 per barrel, expect to pay around $4 a gallon. By Memorial Day, yep, $4.50 and up. Why? You will be conditioned to the new price point.

Let's bet a huge quarter for {insert company} that breaks previous records.

average $3.62 here. if you can get any.

W. breaks wind, gas prices swell--penguins leap in sea, gas prices peak--

"Can you imagine the operation? Falling barrel prices. A little wind. Shut everything down. Notify the press. Raise prices. Sell out! Perfect capitalism."

-- Karl Rove

See? I told everyone on this board that this would happen and yet I was chastistized for highlighting this issue. When the gasoline runs out, the United States will be pushed from the brink into a depression.

I guess there's a difference between oil and gasoline, eh?

The prices will come down once the refineries come back on line, and we can refine crude again. Until then, let this be another warning to the NIMBY crowd, vis a vis oil refineries--put them all in one place, and this is the kind of thing that can happen. Duh.

No problem here. I don't mind paying more for gasoline, just so I can be sure to have it. But it's amusing to see the "No Blood For Oil" and the "No More Drilling!" bumper sticker crowd complain about high gas prices

rightisright......ditto

we haven't been able to build a new refinery thanks to the left. It's been 29 years since we've built one

"rightisright......ditto

we haven't been able to build a new refinery thanks to the left. "

idiot flag

We've reached peak oil.
The industry hasn't built a new refinery because it makes no economic sense.

"ditto"

figures

This has been funny stuff.

Price has gone as high as 4.89 around here and as of yesterday nowhere that was under 4.25 had any gas. I was chatting with one station owner and he said yeah we got regular at about 9am Saturday, he was at 4.29 and by noon he was out again.

Place across the st. from me got as high as 3.99 during the Friday run up and they ran out they are still showing 3.99 but all they have left is premium. Guess they should have gone up faster.

1/2 the problem is people are being idiots (oh wow surprise) they are toping off the tank in every car they own like there won't be more in a few days. So idiots are just making it worse. Buy what you need for a few days and stop. Your just paying too much if you get more than you need since the price will drop as fast as it went up when the refineries are back on line.

4 cents increase at one station near my home, 8 cents at another, and 2 remain unchanged since Wednesday of this week. They are all well stocked, no long lines. They are all coming in at 3.499 Regular, Cash. Of course, being here in NJ, they are all FULL SERVE. I look forward to seeing the influx of out of state peeps coming here to northern NJ to fill up.

Why can't Bush release some gas from the Strategic Petroleum Reserve until the refineries are back on line. I would say Hurricane Ike qualified as enough of an "emergency" to justify using the SPR supplies. Any way the Bush Oil Adminstration can find to stick it to the average guy they will -- even those people fleeing in the path of a hurricane.

I read where some gas stations in the south were charging over $5.00 a gallon
just before and after Ike hit. Isn't there a law against price gouging?

NJ

They are all well stocked, no long lines. They are all coming in at 3.499 Regular, Cash. Of course, being here in NJ, they are all FULL SERVE. I look forward to seeing the influx of out of state peeps coming here to northern NJ to fill up.

Regular, unleaded here in Los Angeles hovers around $4 a gallon the last I checked -- but that was "pre-Ike"
And I cannot remember the last time any gas station attendant ever left his little glass enclosed booth to fill up my gas tank. "Full Service" --what's that?

Why can't Bush release some gas from the Strategic Petroleum Reserve until the refineries are back on line.
* * * *

The SPR is full of crude, not gasoline. The market is already well supplied with crude oil. It's gasoline that we're going to be running short on.

My sister works at a gas station in alabama. They raised the gas $.50/gal in one time (the people in line almost had a riot), then $.40/gal more the next day.

The truck came in a filled up their tanks and told the owner that he had to charge $4.99/gal. he said he wouldn't do it, so the fuel truck came back and removed the fuel from the service stations tanks.

We won't run 'short'. The Government will do what they did the last time, IMPORT it from Europe and Canada. Slightly higher prices due to shipping costs, but the same product! It's already happening!

Identify the gougers to your Attorney General's in your areas (states), or here, so we can by-pass them during normal times, or is that to hard to do?

CC He can and will if needed. The problem isn't crude nor it's price, it's the refining of the crude. The refineries are built close to where the oil wells are....in the gulf ports. The refineries in Galveston had to be shut down. Now with no power, local gas pumps, or people to start them back up, we have a shortage. Gasoline is distribution is very specific, lose the refinery which services you, and you face huge problems. AND it puts a strain on the whole nation to boot.

BTW When was the last time california approved of a new refinery? Probably decades ago...... nobody wants them in their back yard. Your state is enslaved to enviors, and now you will pay the price of outsourcing ALL your energy needs.

Remember when this happened for Katrina, and then a few months later the Oil companies said they were wrong and Katrina didn't really have that bad of an effect? Maybe they should just take one for the team and not make record billions in profits this quarter, but what do I know? I'm just an idiot that rides a bike and doesn't own a car.

DAVE

BTW When was the last time california approved of a new refinery? Probably decades ago...... nobody wants them in their back yard. Your state is enslaved to enviors, and now you will pay the price of outsourcing ALL your energy needs.

California also puts extra state and local taxes on our cost of gasoline at the pump. That's why my state has almost the highest cost per gallon of gas in the U.S.

As for refineries, I don't know why we can't put a couple up in the Mohave Desert and other uninhabited spots. I don't mind building refineries here.

But off-shore drillingno way are the people of California going allow the putting up of hundreds of off-rigs along our California coastline all so some Chinese guy in Beijing can fill up his new Toyota.

DAVE

BTW When was the last time california approved of a new refinery? Probably decades ago...... nobody wants them in their back yard. Your state is enslaved to enviors, and now you will pay the price of outsourcing ALL your energy needs.

California also puts extra state and local taxes on our cost of gasoline at the pump. That's why my state has almost the highest cost per gallon of gas in the U.S.

As for refineries, I don't know why we can't put a couple up in the Mohave Desert and other uninhabited spots. I don't mind building refineries here.

But off-shore drillingno way are the people of California going allow the putting up of hundreds of off-rigs along our California coastline all so some Chinese guy in Beijing can fill up his new Toyota.

sorry for the double post

I've been having trouble with my computer lately just jumping in and posting even when I haven't even hit the "publish" key yet. My computer is haunted.

If your not in the southeast you really should not have much of an increase.

There isn't really gouging at the local station level.I can't speak any higher lvl than that.

Prompt spot gasoline prices in the U.S. Gulf traded at a record $2.50 a gallon over their gasoline futures benchmark, which itself traded as high as $2.83 a gallon in active trade on the NYMEX exchange, putting the price tag on a wholesale gallon of gasoline as high as $5.32 per gallon

Half the gas stations here in Nashville are out of gas.

The other half are charging $4.59-$4.99

PS I filled up Thursday early am (2 am) for $3.49

Why can't Bush release some gas from the Strategic Petroleum Reserve until the refineries are back on line.
* * * *

The SPR is full of crude, not gasoline. The market is already well supplied with crude oil. It's gasoline that we're going to be running short on.

#15 | Posted by rightisright at 2008-09-14 01:24 PM
______________________________
__________________

Petroleum IS being released from the reserve right now. Point Number 1!!!

Number 2, the gasoline reserves have been dropping for some time now as refineries switch over to winter heating fuel. Gas inventories are now going to go lower and with several refineries now shut down AND a pipeline out of commission what do we think is going to happen? When supplies get low as the gas inventories are, prices WILL go higher and immediately too.

Bank on it and gouging has not one damned thing to do with it.

CALIFCHRIS:
Full service is a something that both New Jersey and Oregon offer exclusively. But someone told me that Oregon now allows motorcyclists to pump their own. We do have self serve diesel pumps, but they have to be on separate islands from the gasoline dispensers, or they have to be labeled full serve.
As of Sunday night, we're holding steady at 3.499 cash price, regular unleaded.

You'd better get accustomed to high prices and shortages. In 2-3 years, oil demand will be higher than our ability to produce it. It's called "peak oil" and we're all going to have to drastically alter our lifestyle. This is merely a preview of things to come.

Didn't you hear that we can drill our way out?

Drill baby drill.

The Mukluk Messiah is our national energy expert.

Who insures big oil for catastropic events?

Oil needs to be treated like a utility and be under some sort of government control -- like the electric company, water, and other absolute necessities. This letting something as vital as gasoline be dictated by the whim of big oil and your local gas station owner according to whatever "emergency du jour" (storm, war overseas, stockmarket, whatever) needs to stop.

Do you mean to tell me the SPR can't set aside a certain portion of its supply every year for emergencies such as a hurricane or fire which might slow down production and cause a shortage in oil? Victims of a hurricane are left to the whim of local price gougers?

Where are big oil's insurance companies? I have to have pay for flood, earthquake and other emergency homeowner's insurance should something happens to my house. Why aren't the oil companies' refineries and rigs also insured for loss to their equipment and production through an insurance policy? Why is the consumer being made to pay for big oil's hurricane losses in production through now getting even higher gasoline prices?

I'm real fed up with the Bush Administration having no problem with socializing all corporate losses (meaning the tax payer has to bail them out) for his pals yet always privatizing corporate profit (meaning the taxpayer gets nothing when corporations make their billions).

Privatize the profit -- social the losses = the Bush policy for running our government.

dropped part off --

Privatize the profits -- socialize the losses = the Bush policy for running our government.

Why can't Bush release some gas from the Strategic Petroleum Reserve until the refineries are back on line

You could open up every oil spigot on the planet, but that doesn't increase refining capabilities.

Why aren't the oil companies' refineries and rigs also insured for loss to their equipment and production through an insurance policy?

They are

You could open up every oil spigot on the planet, but that doesn't increase refining capabilities.

Can you answer me why crucial oil refineries are built in such a dangerous area susceptible to every hurricane that blows thru the GoM? I know the shipping lines bringing in the oil need water access and want the refineries nearby but putting such a vital part of oil production like the refineries in the paths of hurricanes year after year makes no sense at all. Move the refineries to different to different-- and safer -- locations on the coast or else built them where they are accessible by oil ships via riverways. Refineries don't have to be built right off the GoM coastline do they?

Can you answer me why crucial oil refineries are built in such a dangerous area susceptible to every hurricane that blows thru the GoM?

For the same reason Willie Sutton robbed banks: That's where the oil is. Also ports for shipping. Lots of water for cooling.

(btw, Willie Sutton, when asked why he robbed banks replied, "Because that's where the money is" in case you have not heard that story)

No I hadn't heard of Willie Sutton before until you just told me about him now, Goatman.

rightisright......ditto

we haven't been able to build a new refinery thanks to the left. It's been 29 years since we've built one

#9 | Posted by Maverick

if the repubs couldnt achieve this between 1994 and 2006 well the question must be asked what has the republican party done for you?

Not much. Then again, how many refineries would we have gotten were the Dems running the show? Same answer?