Gas Price Hike

I just seen 409 for startim for reg in CT....avg is like 390 right now startim reg.
 
http://blog.gasbuddy.com/posts/Pedal-to-the-metal-gas-prices-race-higher/1715-532079-1630.aspx

[h2] [/h2][h2]Pedal to the metal: gas prices race higher[/h2]

Posted in: Gas Prices,   by Patrick DeHaan  on Feb 19, 2013 02:21 PM


The race is on. The U.S. and Canadian averages continue to put distance on last year's prices, and the race isn't even over. Prices across both countries continue to spike, with the national average in the U.S. rising to $3.71/gal at this moment (up nearly 20c/gal in the last year), while prices in chilly Canada rise to an average of 127.7c/L, up 3.3c/L over the same date last year.

2013's breakneck pace is certainly causing me to sweat. What the heck is going on? The Middle East certainly is a bit more chill this year than last, no refineries on the West Coast have spontaneously combusted (knock on wood), and the Keystone XL pipeline still hasn't been approved. In addition, oil supply is more than plentiful, rising 10% over last year. So where's the smoking gun? Quite frankly, there isn't one.

We've disclosed in past analysis that when the Dow tracks up or down more than 100 points in a session, oil prices follow in that direction and to a similar extent 90% of the time. The media has been reporting that the Dow has had one of its best January's ever, perhaps contributing to the rise in oil prices. Keep in mind what I said earlier, this all flies in the face of oil inventories that have risen 10% vs. last year.

In addition, I believe increased optimism surrounding the economy is influencing prices, and the CFTC seems to agree. “There is plenty of reputable and reliable evidence documenting what many of us simply know: that excessive speculation can contort markets,” Chilton told an audience in Jonesboro recently on the Arkansas State University campus, according to a transcript on the CFTC website. That excessive speculation may be coming into play as more players throw money into oil, believing their warm and fuzzy feelings on the economy will spill over into the middle class spending more, thus increasing demand for gasoline.

Chilton went on to say “Our staff has looked at trading in crude oil and has found that commercials are a part of only a tiny fraction of the trades that account for price changes. In other words, non-commercials — speculators — are dominating the price discovery process in crude oil,” Chilton said. “The issue isn’t whether speculators affect the market; the issue in many instances is that speculators have become the market.
 
 
that article is loaded with bull. its the feds QE infinite program throwing 85 billion minimum a month into the markets that causes things to rise. that and the fact that money printing leads to higher prices.
 
da bazillion goverment mandated blends also play a hand in da price spike...they need to build that keystone already...
 
it's all speculation, that's how the oil future trading works. U.S. and Canada do need to build the Keystone XL line, either Canada goes and looks to trading more of their oil with China and East Asia or it gets pumped over the border n stays mostly in North America. Either the way oil comes out. I've taken Env. Science classes so I understand how much damage humans are doing, but tomorrow we aint gonna stop using crude oil, it's gonna be another decade before the infrastructure is in place to support a car like the FCX Clarity or whatever ends up being best
 
da bazillion goverment mandated blends also play a hand in da price spike...they need to build that keystone already...


1000
in my area :x

:smh: filling up would hurt the soul....not just the wallet. its really like that in san fran?
 
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[h1]Obama donors compare Keystone decision to Lincoln’s outlawing of slavery[/h1]
By Juliet Eilperin, Published: May 10, 2013 at 6:53 amE-mail the writer


An opponent of the Keystone XL pipeline protests outside the Ronald Reagan Building. (Credit: Washington Post)

A group of 150 major Democratic donors and clean energy investors have sent President Obama a letter  urging him to deny a presidential permit to the Keystone XL pipeline, comparing the decision’s significance to Abraham Lincoln’s push to end slavery through a constitutional amendment.

The missive, which was sent by the group Thursday and was obtained by The Washington Post, emphasized Obama’s respect for Lincoln and suggested the controversial pipeline–which would transport heavy crude from Alberta to refineries on the Gulf Coast–marked a similar turning point in American history.

“He made one of the most important decisions of his presidency and for our nation when he decided that he would fight for the 13th Amendment to end slavery even if it took every ounce of his political capital,” they wrote. “Your decision on Keystone may not be so weighty, but we believe it holds a comparable urgency and importance, not strictly as a pipeline decision but as a presidential choice that will signal a fundamentally new direction for our nation.”

The signatories include several well-known and wealthy liberal donors, such as Esprit founder Susie Tompkins Buell, actress Blythe Danner and environmentalist Jayni Chase, the wife of comedian Chevy Chase’s wife. They wrote Obama that they would “pledge to support you in every way possible” as he sought to respond to the threat of global warming.

White House spokesman Clark Stevens noted in an e-mail that in his first term Obama imposed the first-ever greenhouse gas emissions limits on vehicles and doubled the amount of renewable energy in the United States. But he declined to comment on what the administration would decide to do about Keystone.

“In line with longstanding precedent, the State Department is conducting the assessment of the project – currently assessing public comments and input received following the release of their draft supplemental [environmental impact statement], which will help inform their final supplemental EIS and decision,” Stevens wrote.

The activists’ letter highlights the extent to which some of the president’s core supporters remain frustrated that Obama is unwilling to take bolder action on global warming now that he’s been reelected.

Wendy Abrams, an Obama bundler who first discussed climate change with the president more than a decade ago, when he was a law professor at the University of Chicago, said she does not understand why he consider approving a project which “digs a bigger hole” by increasing the global carbon output.

“We’re in a hole, but this digs it even deeper,” she said, adding that unlike issues that require the president to negotiate with Congress, the Keystone decision is the administration’s alone. “You don’t have to fight for it. You can just take it.”

Abrams said that when she saw the movie “Lincoln”, she was struck by the similarity between the debate over abolition, “something that seems so obvious,” and the current fight over cutting carbon emissions. “In time, the case will be obvious.”

Kathy Washienko, a clean energy investor who along with her husband Mike Mathieu gave the maximum legal amount to the president’s 2012 reelection campaign, wrote in an e-mail that the fact that the atmospheric concentration of carbon has now surpassed 400 parts per million “should be a stark reminder” of the fact that “we simply won’t be able to make the carbon emission reductions we need to if we keep choosing to go in the wrong direction.”

Clean energy entrepreneurs Vinod Khosla  and Steve Kirsch  also signed the letter.

The pipeline “is a lousy investment,” Khosla said in a statement. “It has too many risks – financially, politically, and most of all – climatically.  I think the president should deny the permit and when he does, I’ll be standing with him.”

http://www.washingtonpost.com/blogs...ne-decision-to-lincolns-outlawing-of-slavery/

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seasonal demand is greater, maybe ? don't they also use a different blend ?
 
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Its $3.24 by my house in Tucson. Past couple summers its gotten as high as $3.50, I hope that doesn't happen this year :frown:
 
$3.79 the other day, 2 months ago I filled up for $2.99. Probably be over 4 here soon in Oregon, luckily it is almost summer so I can get a bike for my commute to work.
 
$3.79 the other day, 2 months ago I filled up for $2.99. Probably be over 4 here soon in Oregon, luckily it is almost summer so I can get a bike for my commute to work.


I need to get a bike. Lose weight x saving a ton of $$$ at the same time.
 
Around 3.48 here in Houston. It took almost 50 to put my car on full which is ten more than normal.

This stuff has to stop. Big wigs are so greedy. In the early 00s,gas was less than a dollar, why can't it just go back to that.
 
 In the early 00s,gas was less than a dollar, why can't it just go back to that.
Less supply and a hell of a lot more of a demand for it now. China alone has increased demand by a lot. You also have to take into account how useless the U.S. dollar is now compared to 16 years ago.
 
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