General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWTF happeded to gas prices?
Last edited Wed Jun 12, 2013, 11:48 AM - Edit history (1)
I am in N. Fort Myers Florida & gas prices have been holding steady for awhile now @3.35 a gallon. Just got back from the store & all gas stations in my area are @3.60 a gallon! 25 cents since lasy night.
onehandle
(51,122 posts)Cirque du So-What
(26,020 posts)NE Ohio, the recent spike in prices is blamed on problems with refinery production. I have no idea what accounts for higher prices in your area.
jwirr
(39,215 posts)Cirque du So-What
(26,020 posts)I dunno...guy's been credited with omnipotence AND omniscience 'round here lately.
William769
(55,148 posts)Is that true?
dixiegrrrrl
(60,010 posts)gasbuddy.com
William769
(55,148 posts)dixiegrrrrl
(60,010 posts)tht is called price fixing, has been that way for a long time now, and NO investigation is allowed.
Just part of the general rot that has become America..
well, the globe, actually.
madmom
(9,681 posts)William769
(55,148 posts)Ugh.
madmom
(9,681 posts)madinmaryland
(64,933 posts)$4.25/gal
Puzzledtraveller
(5,937 posts)I'm in Kentucky, I have friends in Tennessee and their is always less. I haven't figured out why, or why we may be higher than other larger more densely populated citys and states as well.
William769
(55,148 posts)Just checked with a cousin of mine and it's still @3.28 a gallon in Middlesboro. I hope it stays there.
Puzzledtraveller
(5,937 posts)We always get gouged here. It gets steeper the closer you get to the down town area but it's high even on the edge of the county and surrounding small cities.
William769
(55,148 posts)BTW I haven't been to E town in awhile is it still nice & peaceful there?
Puzzledtraveller
(5,937 posts)It was still quaint and quiet. I more recently visited Owenboro and there is a lot happening there. Restoration and revitalization of the water front area. I ate at the famous Moonlite BBQ Inn, amazing.
clarice
(5,504 posts)IMO The SEC should remove oil and natural gas from the commodities exchange. Half of the "gas price problem" is
caused by these speculators manipulating the prices.
wercal
(1,370 posts)Actually I know several. These people are in the construction industry. It is possible for them to lock in a price and buy the equivalent of fuel futures from refineries. Fuel costs are a very large part of the cost of moving dirt, and 90% of the cost of making asphalt...so the recent years of volatility have people spooked. And when they get spooked, they drive up the cost by paying more than market rate, to lock in and hedge against future price spikes. After a while, it becomes a self-fulfilling prophesy.
I don't know for a fact...but I imagine fleets of all types (Fed Ex trucks, Wal-Mart Tractor Trailers, American Airline planes) 'speculate' on fuel prices in a very similar manner.
One very impracticle way to stop this is to require actual fuel delivery, before payment is made. This might be a huge hindrance for a truck fleet owner...but it also makes it difficult for 'Johnny come lately commodities trader' to try and ride the wave and push prices up more. But, this is very impractical...unless the refiners would be willing to extend lines of credit worth tens of millions of dollars to people who can't take immediate delivery.
clarice
(5,504 posts)1-Old-Man
(2,667 posts)William769
(55,148 posts)hamster
(101 posts)in Toledo Ohio. Every year, they shut down and change over to their summer blend.
petronius
(26,607 posts)in a while (and it was a noticeable drop). Now I'm curious to see if it popped back up, I might regret not stopping...
William769
(55,148 posts)Won't make that mistake again.
I drive people to the doctors that have HIV?AIDS that can't afford or are to ill to drive and our public transit here is well almost non existent.
I do not charge for this for the simple fact if I am ever in this predicament, I would hope there was someone there to help me. I guess this is one reason I'm really ticked off right now.
datasuspect
(26,591 posts)since 2000.
Javaman
(62,534 posts)funny that $3.30 to $3.50 is considered the norm now?
give it time, $3.75 to $4.00 will be the new norm.
Renew Deal
(81,889 posts)HereSince1628
(36,063 posts)I read that it was because refineries were COMING on line after maintenance.
BOY!!!!!!!! They (the Kock Bros.) sure must have faced some expensive maintenance!
Poor boys! Look what they gotta do to break even!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
liberal N proud
(60,349 posts)I was in Missouri last week and it was $3.57
Auggie
(31,221 posts)wercal
(1,370 posts)We actually benefit from a glut of midwest and Canadian oil that hits US refineries in Chicago and St. Louis. If Keystone goes in, that oil hits the international market, and we start paying higher prices like the rest of the country.
oneshooter
(8,614 posts)WhaTHellsgoingonhere
(5,252 posts)And 70mph winds on the way.
Myrina
(12,296 posts)Thank your stars for $3.60!!
There was a rumor a couple weeks back about a refinery that may or may not have been buying product from others because it didn't have enough of its own or something broke or someone farted or something ... but basically its the same old gouge & grab bullshit.