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Author Topic: Did your gas price rise this weekend??  (Read 65349 times)
Maggie
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« on: February 19, 2013, 02:40:51 AM »

Last Monday we were at 3.33, today 3.69.
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billg
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« Reply #1 on: February 19, 2013, 02:44:11 AM »

Ours has been going up recently as well.  Think 3.81 was what I saw.
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SilverBullet
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« Reply #2 on: February 19, 2013, 03:05:55 AM »

Are we getting ripped or what!!!! I just looked @ my gas recites for last month. A month ago 1/19 I paid 3.16 a gal today it was 3.79 a .63 cent increase!!

In February when demand is low??? And of course there's nothing our gov'ment they can do.....   and the oil companies are  all the way to the bank 
So pitiful....
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masscoot
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« Reply #3 on: February 19, 2013, 03:28:13 AM »

$3.79 but I found some for $3.69.  ummm they are switching over to summer blend   Do they have calendars. its only February
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ChandlerScoot
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« Reply #4 on: February 19, 2013, 04:51:22 AM »

Aside from our bikes, we primarily run Diesel for our DD's. Diesel went up to $3.99 literally overnight.
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« Reply #5 on: February 19, 2013, 04:51:37 AM »

I found the same prices as Paul.
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JBCrabbypants
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« Reply #6 on: February 19, 2013, 05:28:56 AM »

The hosing continues. The news stated that the recent and steady price increases are because of increased demand from Asia, and the Chinese in particular.

What!! all of a sudden the Chinese have suddenly increased the demand for petroleum? I doubt it. If that was the whole story, then the price of gasoline will never fluctuate downward again, because this new-found Chinese demand is not going to just go away. The Chinese didn't just wake up three months ago and decide to go buy a bunch of petroleum barrels, their increase in demand would be more gradual and steady than that.

It's all crap.
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davew
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« Reply #7 on: February 19, 2013, 04:16:34 PM »

The price here went to $1.29.9 a litre.
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DaveO
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« Reply #8 on: February 19, 2013, 09:45:58 PM »

A month ago 1/19 I paid 3.16 a gal today it was 3.79 a .63 cent increase!

I just checked my fuelly.com account and on 1/18 I paid 2.949 and now like Maggie said 3.69 
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gurock1
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« Reply #9 on: February 20, 2013, 08:08:12 AM »

What are you guys complaining about?  In Chicago it's now up to $4.25 and $4.10 in the Cook County suburbs.
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Buffalo
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« Reply #10 on: February 20, 2013, 05:02:21 PM »

On the plus side futures prices for gasoline have been falling every day this week.  If that continues then we will start seeing prices at the pump start falling too.
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Dan
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« Reply #11 on: February 20, 2013, 05:21:05 PM »

I heard a report on the radio yesterday that as a nation, the US can expect prices to be about $3.55/gallon on average for 2013.
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Greg
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« Reply #12 on: February 20, 2013, 06:11:55 PM »

We were as low as $3.48 a gallon a month ago, now it's $3.949 a gallon.  Slightly less in Anchorage.
I have to ask, though, why, if the demand for gasoline is up in Asia, particularly in China, as alleged, do we here in North America have to bridge the gap and pay for it with higher gas prices?  Let them pay for it.  The oil companies shouldn't penalize US for someone else wanting more fuel.  Talk about unfair!  Personally, I think it's all about greed on the part of the oil companies.
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« Reply #13 on: February 20, 2013, 09:26:52 PM »

It all has to do with supply and demand.  The gas will be sold to whom ever will pay the most for it.  Others have to pay an equal price or do without.  That being said,  US gas prices have more to do with refining capacity in the US than the world market.  US gasoline will only be sold over seas if the price is high enough to cover the cost of transporting it over seas.

The recent rise has more to do with refineries being shut for annual maintance and conversion to summer blends.  It happens about this time every year and people are surprised.  I don't know why.  Maybe because the rise is a little early this year due to a fairly mild.
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Buffalo
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« Reply #14 on: February 20, 2013, 09:37:52 PM »

Now where the demand in Asia will affect our gasoline prices is if they are using more crude in their refineries.  By law US crude can't be exported unless special despensation is given by the government.  However since we  us more crude than we produce we have to pay the world price for what we import so world price of crude affects our gasoline prices.  In addition refined products can be exported from the US so if world prices go high enough gasoline refinded here will be shipped overseas.  Thar reduces the supply of gasoline in the states so our prices rise.
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JBCrabbypants
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« Reply #15 on: February 20, 2013, 10:10:52 PM »

What are you guys complaining about?  In Chicago it's now up to $4.25 and $4.10 in the Cook County suburbs.

I would expect to get hosed in Chicago for anything...except for maybe street gang memberships, I hear they give those away.
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Maggie
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« Reply #16 on: February 20, 2013, 10:32:55 PM »

Apparently not free just the cost of another human being... even kids count :(
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ChandlerScoot
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« Reply #17 on: February 21, 2013, 06:20:38 AM »

crazy...
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Expat47
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« Reply #18 on: February 21, 2013, 07:43:16 AM »

We're paying about $2.31US @ liter. That works out to about $8.78US.
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« Reply #19 on: February 21, 2013, 07:52:00 AM »

Here in NW Washington state, seeing prices 3.75 to close to 4.00 per gallon for regular unleaded, prices are rising.
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Buffalo
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« Reply #20 on: February 21, 2013, 05:40:23 PM »

Futures prices for gasoline continue to fall.  They were down about 7 cents yesterday and so far today they are down about another 6 cents with the March futures price rignt at $3.00 a gallon.  If that trend continues we will see pump prices start falling in about 2 weeks.
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DaveO
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« Reply #21 on: February 21, 2013, 05:48:32 PM »

We're paying about $2.31US @ liter. That works out to about $8.78US.

OK you win the price war, but you didn't answer the question.     Did your gas price rise this weekend?? 
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Expat47
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« Reply #22 on: February 21, 2013, 06:26:58 PM »

Yup! Drove past the local gas station this AM and the price was about $8.78US!
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« Reply #23 on: February 21, 2013, 07:24:46 PM »

Jan. 2, 2013 I paid $3.19. Today it is $3.75. Today the futures price of a barrel of crude is right at $93. When gas prices rose in 2005 up to over $4.00 a gallon, the futures prices was approaching $150 a barrel. I blame the Government, both national and local and speculators for the high prices, not the oil companies. Sure they make lots of profit, but the profit margin is lower than most companies. They just sell so much of their product. Everytime the price of gas comes back down, more taxes are added to the price of a gallon of gas. Our local county seems to think any new project can be financed by a penny or so added to our gas prices. After a while these pennies add up. And look how much federal tax is on a gallon of gas.

Don't forget to include the wacko environmentalists in this blame too. The Keystone pipeline could make 20,000+ American jobs and go a big step forward towards energy independence, but our current administration is fighting it tooth and nail.

And lastly, most of the blame I put on ourselves. Americans are just not ready to sacrifice their big gas guzzlers. You don't need a 300hp engine to go grocery shopping. You don't need to drive to your mailbox or to the store a block down the road. If everybody cut their gas consumption just 10% I guarantee prices would start dropping.

Sorry for the rant, I just get aggravated at people always blaming big oil for the high prices. There is plenty of blame to go around.   
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Buffalo
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« Reply #24 on: February 21, 2013, 09:39:00 PM »

Much of the up and down movement in prices can be blamed on speculation.  There has been a fundametal shift in the futures trading markets. Classically most of the trading was controlled by big users of fuel.  Trucking companies, airlines etc.  They made up about 3/4 of the traders.  As interest rates on bonds and such have fallen  investors have moved into commonity markets looking for better returns.  Now about 3/4 of the futures trades are make by investment banks,  hedge funds and other speculators.  These folks have no desire to ever take delivery.  They are only interested in making money on the up and down movements of the price.  They bet on these movements by taking long and short positions on futures.  It is to their advantage to have big swings in the price.  When actual users controlled the market it was to their atvantage to keep prices stable.
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« Reply #25 on: February 21, 2013, 11:29:07 PM »

We in the uk can only dream of such low prices  we are paying £1.40 per liter thats £6.30 per uk gallon .
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Dan
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« Reply #26 on: February 22, 2013, 04:48:41 AM »

We in the uk can only dream of such low prices  we are paying 1.40 per liter thats 6.30 per uk gallon .

Yea, but your gallons are bigger.  :D
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ZippyGirl
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« Reply #27 on: February 22, 2013, 02:24:23 PM »

Gas is $3.79 and it's 30 cold, dry degrees, but we have no snow in Virginia.
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« Reply #28 on: February 23, 2013, 08:43:13 PM »

We in the uk can only dream of such low prices  we are paying £1.40 per liter thats £6.30 per uk gallon .

Careful Ferrit!!! I went there once before!......Got flamed BIG time! :-)
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« Reply #29 on: March 04, 2013, 10:10:09 AM »

Gone up yet again £1.41 a liter .
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