Gas prices: What's the current excuse?

comsnark

comsnark

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Apr 10, 2007
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Gas prices jumped a nickle this morning and another nickle tonight.

Whiskey tango foxtrot

Is it because memorial day is comming or is something else going on?
 
comsnark said:
Gas prices jumped a nickle this morning and another nickle tonight.

Whiskey tango foxtrot

Is it because memorial day is comming or is something else going on?
Click to expand...

Just getting us read for summer vacation prices.
 
comsnark said:
Gas prices jumped a nickle this morning and another nickle tonight.

Whiskey tango foxtrot

Is it because memorial day is comming or is something else going on?
Click to expand...
I noticed the same thing. They need to get it up to 3 dollars by Memorial Day.:smt013
 
Stopped at a Sunoco Sat Morning to fill the truck up, 2.13 2 hours later when I drove back buy it was at 2.21

Someone needs to be shot.
 
Cheapest was 2.29 last night on the drive home.

And I with Marvin Gardens. If they play the run up game this summer our economy will go on tilt.
 
Glad to see I am not alone. Got gas for $1.99 then it jumped to $2.19 overnight no less... Man I guess you have to make those 5 billion dollar quarters...

I am guessing that since the news agencies have not made a big stink that this increase will stick.

Yeah gotta get to $2.89 for the summer, just high enough to have a 6 billion dollar quarter and just low enough to get America on the road for vacations since its been doom and gloom for so long, I think America is ready for a vacation and driving it is front and center...

We shall see...
 
comsnark said:
Dude; this was at the CHEAP station. ALL the local prices jumped.

Remember; change in demand from 1/08 to 1/09 was 3%.
Click to expand...

"Dude", I only asked if you say anyone buying it. It does not matter if it was at the CHEAP station. Nor does it matter what the reported "change in demand" was. If we buy it, they will charge whatever they want for it. The fact remains that they don't need an excuse.
 
Welcome to commodity trading.. again.. If you look at where Goldman Sachs got all their "unexpected" profitability last Q, it was from commodities... the investment banks will pump this stuff up again.. because they can. The difference this year is they are using tax dollars to do it!!!
 
Hopefully, the speculators will eat their shorts again. I was just reading how 1 in 3 families say they've canceled or shortened summer travel plans- which would seem to indicate that the usual increased summer demand isn't going to materialize.
 
tobnpr said:
Hopefully, the speculators will eat their shorts again. I was just reading how 1 in 3 families say they've canceled or shortened summer travel plans- which would seem to indicate that the usual increased summer demand isn't going to materialize.
Click to expand...

Last I saw, supplies of both crude and gasoline are at their highest levels since 1990 in the US. Kinda hard to argue supply and demand driving prices when there's not so much demand and lots of supply. Hopefully the speculators get their a$$es handed to them again. bastards.
 
I filled up in Eastport Long Island three weeks ago at $5.00 a gallon. Welcome to the Hamptons of NY where everything is expected to cost more. I filled up yesterday in Warwick Cove in Rhode Island and paid $2.77 a gallon. Now that's a little more like it! Gas on the street is roughly $2.20 per gallon in southeastern Massachusetts. It was under two bucks less than two weeks ago. I suspect they'll get it up to three bucks before July 4. That's better than over four bucks a year ago.
 
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