Fuel prices

C

cdlomb86

Member
Joined
Oct 7, 2003
RO Number
12299
Messages
15
Well it must be getting close to spring, down here in the tampa area fuel has risen 38 to 41 cents per gallon in a month, and the interesting thing is back in december price for crude was at 58.00$$ a barrel and gas was 1.99 to 2.09 per gallon, today crude 61.00 a barrel and we are at 2.50 a gallon, and they say we are not getting ripped off at the pump. Oh it must be the change over to SUMMER BLEND........... I forgot.
 
$2.30 here. 89 octane...real close to highway prices.
 
Gas pricing is reacting to the world markets right now. Remember the stock slide on Tuesday?...gas went to 2.45/2.50 around here on Wednesday morning.
 
quote:
Originally posted by boatjockey

2.50 a gallon...normal price here is over 5.00 a gallon...wanna swap.

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Maybe...if we knew where you lived!!!
 
There is certainly no economic reson in crude prices that I see for a 20% jump in gas prices.
 
Things are nuts up here. Stations are running out. There was a fire a week and a half ago at an Esso refinery in Nanticoke on the north shore of Lake Erie. Combined with a rail strike and things go real bad real quick. Stations in the Toronto area started to run out within a couple of days. Northern Ontario residents were out with no chance to be replenished until the rail strike ended. Trucks were brought up from the states to try to get gas up north so the other stations wouldn't run out. We saw prices shoot up 20 to 30 cents a litre in a few days. I don't know if this is having an affect on prices south of the border but it really doesn't make sense. One distributor hasa problem and they all jump on the bandwagon to boost prices at the pump. Currently it's about $3.50 US/Gal.
 
$2.99 and up here in the mountains. I don't know what the fuel prices in the delta are right now, but last weekend I found a bargain at $2.61 for my car. Haven't checked out marine fuel lately!
 
Funny thing is the refineries were reported to only be running at 85.6% of capacity. Nice time to slow down isn't it.
 
I thought they were shutting down the refineries for their spring check up. This and the demand for heating oil in the NE may be the cause.
 
I doubt it has really to much to do with the current cold wave in the NE. After all, it has been one of the mildest winters for a long time. I would expect regular speculation is kicking back in after last years collapse of Amaranth Advisors LLC.
Gas went up by 20 cent this week in CT. Heating oil is pretty much locked in till the summer at 2.099.
 
Very shortly I'm going to cut a hole in the shrink wrap and drag the sucker to the station for $2.50/gal. Local station owner I talked to said his new contract for the next 3 weeks put him at $2.76/gal.
 
I heard on Fox News that the stock crash in China drove up the price of gas in the US. I guess that is truly global economy.
 
Now the analysts are screaming that a global economy may not be in our best interests! Duh
 
quote:
Originally posted by Flutterby

I heard on Fox News that the stock crash in China drove up the price of gas in the US. I guess that is truly global economy.

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The tragedy is, it used to be that the crash in the US affected the market in China. I guess we owe too much money to other people now.
 
quote:
Originally posted by cdlomb86

2.50 a gallon, and they say we are not getting ripped off at the pump.

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Last I checked the oil co's were selling more gas at $2.50 a gallon than they were at $1.99 In fact consumption didn't drop till the nationwide average reached $3.00 a gallon. So the real question is why would anybody sell gas for less than that?
 
There are a lot of refineries having problems currently. But who knows for sure...

I really can't swallow the reason provided a year or two ago for high gas prices - they said that US refining was at full capacity, and THAT was the result of higer CRUDE prices? That's totally BACKWARDS dynamics...LOL.

It's all BS (and I work at a large refinery)
 
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