Whooops Gas prices skyrocketing again

[59millionmorons]

Gas here in Dover PA has gone up .20 in 9 days. Looks like Bush tiny uptick in his approval will be gone very soon.

[unblock]

1. hmm, almost down to $2 flat here in nj

but then we always have just about the cheapest gas in the nation, thanks to port elizabeth and all the refineries in the state....

[dweller]

3. it's different everywhere ya look

and makes no sense. my area 'bottomed' out at $2.13 while 30 miles in east/west direction it fell below $2 at the same time. It will creep back up there and jump here, fall here while they remain level. When they go up, ours may fall a few pennies. . .

it makes no sense whatever, but that it's too high for my wallet.

dp

[cliss]

2. Here's the reason why:

a giant oil field in Kuwait is sputtering away, breathing its last breaths. It's about to run out.

This is one of the most productive oil fields. It's pumped and pumped and pumped faithfully over the decades....

propping up our lifestyle and boosting our GDP to astronomical levels.....but that's about to end. That's why Cheney took Iraq.

The Ghawar oil field in Saudi Arabia is the world's biggest oil field. It's been even more productive. They say that one's about to give out too.......

[Conservativesux]

4. Enjoy 2 Dollar gas while you still can and visit the DU Peak Oil Group..

It isnt going to stay this cheap for very long, so rethink buying a gas-guzzing SUV and read up on Peak Oil.

Caution: If you dont like the idea of your life changing radically over the next decade, you can keep your heads in the sand.

[obreaslan]

5. Here in South NJ it went from $1.84 to $2.04 in 8 days......

I know other parts of the country ar paying more than us, but it will still go up very quickly i'm sure. :grr:

[flpoljunkie]

6. Clueless CNN can't figure out Bush's itty "bounce" due to gas prices fall

Or else, they are pimping for the corrupt incompetent speaking about a "second term comeback." Mike Allen of Time was so excited he could barely spit the words out. Seems the Emperor just gotten back some of his base, who were pissed about insanely expensive prices at the pump.


Bush Iraq approval went all the way up from 32% to 36%. Sounds like he got back his base. And the economy went up from 34% to 38%--this is where CNN could have mentioned gas prices going down, and they were silent as a stone.

[tritsofme]

7. Gas prices are always inversely related to presidential approval

If gas was $1.30/gallon there is no doubt in my mind that Bush would have a 55-60% approval rating now, despite the cloud of scandals around his administration.

[OneTwentyoNine]

8. Sounds like your several days behind prices here in the mid-west...

Ours did just like your describing--about .20 in 9-11 days. Its gone back down--still over 2.00 per gallon though. They jacked this latest price because people turned on their furnaces. Jesus......

[rman]

9. (NYT) Saudi Arabia: "not look at SA to make up for the growth in demand"

NYT
The Hand Turning the Spigot
December 6, 2005
http://www.nytimes.com/2005/12/06/business/worldbusiness/06saudioil.html

...

But stung by recent speculation that its fields are faltering, Saudi Arabia is also eager to prove that it will do its part to meet growing oil demand. Earlier this year, Aramco outlined a $50 billion program to increase production and refining operations, double the number of drilling rigs in the kingdom, replace declining fields, and raise capacity by 14 percent to 12.5 million barrels a day in 2009. That would be the largest expansion for the state-owned Aramco in over a quarter-century.

...

"There has been a decision on the part of Saudi Arabia to signal to the world that they will no longer be the supplier of last resort," Mr. Goldwyn said. "They now say that consuming nations need to look at alternative energies and conservation and not look at Saudi Arabia to make up for the growth in demand."

Many analysts agree. They point out that the shift took place at a crucial moment in the last two years, when Saudi Arabia had little spare capacity left because rising demand had caught up with world supplies, and the kingdom had to decide whether to increase capacity and by how much.

...

"They are now basically producing enough to meet demand, with their capacity rising slowly," Mr. Freeman said. "They are not concerned anymore with higher energy prices attracting alternative sources of energy or conservation efforts. The feeling now is that there's plenty of room for it all."