quote:

ORIGINAL: Marini


Every time I ride past the gas station, it seems like the prices have gone up!

quote:

ORIGINAL: ThatDamnedPanda

quote:

ORIGINAL: Marini


Every time I ride past the gas station, it seems like the prices have gone up!

Well, for god's sake, will you please stop driving past that station??!? I can't afford this!

quote:

ORIGINAL: jlf1961

Oil prices have gone up in response to the problems in Libya. Saudi Arabia has increased production to meet the shortfall caused by the problems in Libya.

Gas prices have gone up because the 3% of total US imports comes from Libya, and Saudi Arabia has increased production to meet that shortfall.

A perceived possible shortage of oil imports from Libya raised the price per barrel of oil.


Now, the question is:

If Saudi Arabia has increased production to cover the shortage, WHY THE FUCK HAS PRICES GONE UP?

quote:

ORIGINAL: jlf1961

Oil prices have gone up in response to the problems in Libya. Saudi Arabia has increased production to meet the shortfall caused by the problems in Libya.

Gas prices have gone up because the 3% of total US imports comes from Libya, and Saudi Arabia has increased production to meet that shortfall.

A perceived possible shortage of oil imports from Libya raised the price per barrel of oil.


Now, the question is:

If Saudi Arabia has increased production to cover the shortage, WHY THE FUCK HAS PRICES GONE UP?

quote:

ORIGINAL: Marini

quote:

ORIGINAL: jlf1961

Oil prices have gone up in response to the problems in Libya. Saudi Arabia has increased production to meet the shortfall caused by the problems in Libya.

Gas prices have gone up because the 3% of total US imports comes from Libya, and Saudi Arabia has increased production to meet that shortfall.

A perceived possible shortage of oil imports from Libya raised the price per barrel of oil.


Now, the question is:

If Saudi Arabia has increased production to cover the shortage, WHY THE FUCK HAS PRICES GONE UP?

That is a great question.
The answer could be that there are fears that unrest could spread to Saudi Arabia, also.

quote:

ORIGINAL: Marini

nighthawk!

I am on your side! I didn't say I agreed with the reasons for gas going up.

This was "the reason", I found for the rapid increase in gas prices on the internet.
I couldn't find any other reason for this.

I didn't say it was a good reason, but that's what they want us to believe.

quote:

http://fuelfix.com/blog/tag/cushing-oklahoma/
Oklahoma oil hub helps keep oil prices from going higher Posted on March 3, 2011 at 12:46 am by chron.com Energy in Oil, Social, Supply and Demand, United States  | 1,386 | 8 CUSHING, Okla. — U.S. oil prices closed above $100 a barrel Wednesday for the first time in more than two years, and might be higher still if the giant storage tanks in this small prairie town northeast of Oklahoma City weren’t so full. Here, at the nation’s main hub for oil storage and distribution, bulging stockpiles of crude are acting as a partial buffer to Middle East turmoil that’s driven international oil prices much higher. At the moment, about 11 percent of the nation’s oil inventory is parked in Cushing, nearly double where it stood a few years ago. However, all that oil hasn’t shielded Americans from paying higher gasoline prices, for several reasons. While the price of the benchmark West Texas Intermediate crude at Cushing hasn’t soared as high as comparable oil elsewhere, it’s still well above its price just a few weeks ago, and the price of crude is the main component of prices at the pump. Whatever its price, the oil at Cushing represents just a small fraction of the nation’s total demand, and crude stored in the town doesn’t have an easy path to all the refineries that might otherwise welcome its lower cost. Beyond its limited influence on pump prices is a larger question, at least in oil markets — whether the higher supply and lower price at Cushing mean that West Texas Intermediate, which has defined U.S. oil for decades, is waning in its influence on world prices. “WTI is not a broken marker; it’s just not a global marker,” said Larry Goldstein, a director of the Energy Policy Research Foundation, which is partly financed by the oil industry. Record levels Inventories in Cushing hit record levels in January amid rising output from emerging U.S. fields like the Bakken Shale formation in North Dakota and after a new Canadian pipeline began transporting oil from Alberta to Cushing last month. “The biggest impact on Cushing is you’ve had more supply coming in than going out,” said Eric Dixon, director of crude supply in Houston for Northern Tier Energy, a Ridgefield, Conn.-based oil refiner

quote:

ORIGINAL: SexyBossyBBW

I hate that propaganda and speculation is allowed, and the consumer is held hostage to the bullchit.
There is a town in the US, with excess reserve of oil, and they need to build additional space, in order to accomodate more; unfortunately, I do not remember the name of the town in the midwest (reported on CNBC).   Additionally, reports on CNBC are that there is no fundamental support for the increase in prices, because reserves are high at present.  

If people would stop buying for 24-48 hours, I would bet what is happening in Lybia, and Saudi Arabia would quickly cease being the information used to screw us over with.     M

quote:

ORIGINAL: nighthawk3569

quote:

ORIGINAL: SexyBossyBBW
I hate that propaganda and speculation is allowed, and the consumer is held hostage to the bullchit.

If people would stop buying for 24-48 hours, I would bet what is happening in Lybia, and Saudi Arabia would quickly cease being the information used to screw us over with.     M

On the surface, you'd think so, SBBBW, but the 24/48(or even a week)plan won't work. The oil companies can, and will, 'wait out' the motoring public. Why? Because they can.

The only way to make any kind of boycott work is to direct it at one specific oil company. Nobody buys from that company, at all, until they reduce prices to what the public sees as fair. When one company comes down, everybody will buy there... until all of them are forced to lower prices to compete.

'hawk

And this(the one company boycott)won't ever happen, for many reasons.

quote:

Despite the high oil prices there is a massive glut of oil in Cushing, Oklahoma, the designated delivery point for Nymex crude oil futures, with CNBC's Scott Cohn, and Brian Johnson, Enbridge Energy, Cushing Region Dir. & GM

quote:

ORIGINAL: jlf1961

Oil prices have gone up in response to the problems in Libya. Saudi Arabia has increased production to meet the shortfall caused by the problems in Libya.

Gas prices have gone up because the 3% of total US imports comes from Libya, and Saudi Arabia has increased production to meet that shortfall.

A perceived possible shortage of oil imports from Libya raised the price per barrel of oil.


Now, the question is:

If Saudi Arabia has increased production to cover the shortage, WHY THE FUCK HAS PRICES GONE UP?

quote:

ORIGINAL: SexyBossyBBW

I wish people would stop buying for 24-48 hours, I would bet what is happening in Lybia, and Saudi Arabia would quickly cease being the information used to screw us over with.     M

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ORIGINAL: DarkSteven

Why?  Everyone knows that a one or two day boycott would simply result in more gas being bought when it's over.  If I were a station owner, I'd be tempted to jack prices UP during the boycott because consumers would not be able to sit out a price increase then!