GasBuddy News Article

votes

Why Retail Gasoline Prices Are Nearing Record High

Dow Jones Newswires --
Gasoline prices have climbed every day for the last 36 days so it's no wonder that consumers are worried that record levels are destined for the pump in the next few months. But the many reasons behind the climb aren't quite so easy to decipher -- making prices even harder to predict.

The simplest explanation for high gasoline prices goes like this: "you're paying more for gasoline because oil refiners are paying more for crude," said Byron King, editor of investment newsletter Outstanding Investments.

Recent political and military tension with Iran has added a "war risk" premium to the markets, he said. "War is bad for business, but rumors of war are good for the oil business."

Read the Full Article

Submitted Mar 05, 2012 By: RENEGADEGAS

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Why Retail Gasoline Prices Are Nearing Record High	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

wild3bill Champion Author New York Posts:2,546 Points:1,686,015 Joined:Nov 2005	Message Posted: Mar 6, 2012 9:37:28 PM Ignore wild3bill Report Abuse Who here thinks high gasoline prices justfy a Wi8tch huarly been violateent to Impeach the one responcibe? Shernmin Anti8-Trust Act has clearly been violated by the recombination of pieces of the Standard Oil Trust(monopo9ly) broken up 100 years ago underv Teddy Roosevelt's admini8st5ration!
wild3bill Champion Author New York Posts:2,546 Points:1,686,015 Joined:Nov 2005	Message Posted: Mar 6, 2012 9:30:31 PM Ignore wild3bill Report Abuse There is a Big Oil Monopoly.They fix the price of crude high.That justifies raising gasoline prices. High bgasoline prices. Then that5 justifies higher crude prices. Looks like time to gbreak up the Big Oil Monopoly again.And vote the next former administration out o office.Hang them all and lert God sort it out and let the devi8l take the hindmost!
sammy518 Champion Author Austin Posts:2,589 Points:539,790 Joined:Dec 2010	Message Posted: Mar 6, 2012 11:06:43 AM Ignore sammy518 Report Abuse because they can get away with it for now...
the1roadhog Champion Author Atlanta Posts:9,903 Points:2,053,080 Joined:Jun 2007	Message Posted: Mar 6, 2012 8:09:56 AM Ignore the1roadhog Report Abuse Paying more in the US because the overage is being shipped overseas instead of being sold for less at home.
RacerGene Champion Author Alabama Posts:1,703 Points:366,225 Joined:Jan 2012	Message Posted: Mar 6, 2012 7:48:16 AM Ignore RacerGene Report Abuse Greed
numbers Champion Author North Dakota Posts:2,801 Points:850,040 Joined:Aug 2004	Message Posted: Mar 6, 2012 7:47:18 AM Ignore numbers Report Abuse Controls
nb52 Champion Author Grand Rapids Posts:7,765 Points:1,543,925 Joined:Nov 2008	Message Posted: Mar 6, 2012 6:29:53 AM Ignore nb52 Report Abuse The previous administration was blamed for the previously high pump prices. This time the current administration should take some of the blame for the high pump prices, aye?
yardslave Champion Author Oklahoma City Posts:2,539 Points:593,780 Joined:Dec 2005	Message Posted: Mar 6, 2012 6:23:39 AM Ignore yardslave Report Abuse No surprise
tomok Champion Author Portland Posts:32,936 Points:2,342,585 Joined:Aug 2006	Message Posted: Mar 6, 2012 4:05:55 AM Ignore tomok Report Abuse Big oil is selling fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. Barry will support natural gas and oil production for sale on the world market to pay for his ‘spending gone wild’ addiction. The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their benefit. Whatever the size or shape of the vehicle is, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible. The price of fuel at the pump is too high! 12/22/2012!
CostControl Champion Author San Antonio Posts:13,359 Points:2,028,450 Joined:Mar 2004	Message Posted: Mar 6, 2012 1:03:44 AM Ignore CostControl Report Abuse Well DOE Secretary Steven Chu are OK with current high fuel prices... Secretary Chu stated exactly that during FY 2013 U.S. Congressional Hearing held on 28 February 2012... Recommend an Ask.com or Google.com or Yahoo.com search to view the video & see the transcripts... Seems that The Obama Administration wants The USA to go GREEN at the expense of USA Jobs & The Economy... The rich get richer & the poor are about to get poorer & the middle class moved down a class!
granitestater Champion Author New Hampshire Posts:8,812 Points:1,428,800 Joined:Oct 2008	Message Posted: Mar 6, 2012 12:42:31 AM Ignore granitestater Report Abuse All those Obamabucks ($5 trillion) have to go somewhere...
gasaholicMO Champion Author Missouri Posts:2,621 Points:510,940 Joined:Apr 2010	Message Posted: Mar 6, 2012 12:42:22 AM Ignore gasaholicMO Report Abuse Speculators are seeing "$" signs.
jetskijerry Champion Author North Carolina Posts:3,886 Points:770,320 Joined:Mar 2011	Message Posted: Mar 6, 2012 12:39:22 AM Ignore jetskijerry Report Abuse Greed
Zonk Champion Author Michigan Posts:6,471 Points:2,100,065 Joined:Oct 2005	Message Posted: Mar 6, 2012 12:38:16 AM Ignore Zonk Report Abuse Those in the right positions are making a killing.
HEBster Champion Author Kentucky Posts:8,773 Points:2,371,100 Joined:May 2006	Message Posted: Mar 6, 2012 12:31:00 AM Ignore HEBster Report Abuse Not slowin' down much...
Hoporrene Veteran Author Mississippi Posts:312 Points:206,970 Joined:Dec 2011	Message Posted: Mar 6, 2012 12:30:44 AM Ignore Hoporrene Report Abuse ..... i guess so
erik_8 All-Star Author Toronto Posts:534 Points:541,585 Joined:Sep 2011	Message Posted: Mar 6, 2012 12:28:09 AM Ignore erik_8 Report Abuse We have to pay it.
Vette1967 Champion Author Albany Posts:5,952 Points:1,273,825 Joined:Jun 2009	Message Posted: Mar 6, 2012 12:26:52 AM Ignore Vette1967 Report Abuse It's all a very dangerous game being played out.
RAKARWOWSKI Champion Author Chicago Posts:3,985 Points:818,100 Joined:Jan 2011	Message Posted: Mar 6, 2012 12:25:44 AM Ignore RAKARWOWSKI Report Abuse Because we will pay it!
Z51Corvette Champion Author Austin Posts:8,475 Points:1,669,245 Joined:Jan 2008	Message Posted: Mar 6, 2012 12:25:34 AM Ignore Z51Corvette Report Abuse This is HORSE HOCKEY! Produce it here, use it here, price it here... Speculators are scum, taking advantage with their greedy behavior!
jayrad1957 Champion Author Los Angeles Posts:19,623 Points:1,594,565 Joined:Nov 2008	Message Posted: Mar 6, 2012 12:23:58 AM Ignore jayrad1957 Report Abuse On the Los Angeles GB home page, there is a Chevron station price post of $6.09!
Toppers Champion Author Atlanta Posts:8,997 Points:2,467,770 Joined:Mar 2005	Message Posted: Mar 6, 2012 12:23:43 AM Ignore Toppers Report Abuse & summer's comin'...
Prodaddy Champion Author Houston Posts:8,365 Points:1,893,010 Joined:May 2007	Message Posted: Mar 6, 2012 12:23:11 AM Ignore Prodaddy Report Abuse We are all going broke over this
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: Mar 6, 2012 12:21:45 AM Ignore frostyWV Report Abuse BS!
Matt G Champion Author Boston Posts:4,523 Points:2,771,090 Joined:Jun 2004	Message Posted: Mar 6, 2012 12:21:32 AM Ignore Matt G Report Abuse Ok
LoneGuy Champion Author Lansing Posts:8,465 Points:2,315,070 Joined:Aug 2005	Message Posted: Mar 6, 2012 12:21:26 AM Ignore LoneGuy Report Abuse And we are still refusing to drill off our coasts and in ANWR. The government is choosing to go for untested alternatives that are expensive and unproven. As a result many of the places the government wastes huge quantities of money is developing alternative that companies take huge sums of money and go bankrupt.
hemiMI Veteran Author Michigan Posts:259 Points:404,215 Joined:May 2011	Message Posted: Mar 6, 2012 12:21:13 AM Ignore hemiMI Report Abuse Yeah okay. What about when oil was $85 a barrell and we were staying paying more at the pump then we did when it was around that price the year prior.
snakebitef22 Veteran Author Corpus Christi Posts:445 Points:31,255 Joined:Mar 2009	Message Posted: Mar 6, 2012 12:21:13 AM Ignore snakebitef22 Report Abuse fool me once shame on you fool me twice shame on me go to hell with your explanation...they paid $2.40 a gallon for march and look what they did raised it with no reason....shame on them
gocatgo Champion Author South Carolina Posts:15,634 Points:2,526,840 Joined:Apr 2006	Message Posted: Mar 6, 2012 12:21:07 AM Ignore gocatgo Report Abuse Also when refineries lower production after maintenance periods they are manipulating supplies for corporate gain.
Matt G Champion Author Boston Posts:4,523 Points:2,771,090 Joined:Jun 2004	Message Posted: Mar 6, 2012 12:20:55 AM Ignore Matt G Report Abuse Ok
divebomber Champion Author Nebraska Posts:6,063 Points:1,809,350 Joined:Jun 2007	Message Posted: Mar 6, 2012 12:20:46 AM Ignore divebomber Report Abuse WE'LL SEEEEEEEEEEEEE............!
umitb Champion Author Indianapolis Posts:3,665 Points:841,490 Joined:Apr 2010	Message Posted: Mar 6, 2012 12:19:43 AM Ignore umitb Report Abuse ok
B_550i All-Star Author Seattle Posts:720 Points:192,945 Joined:Aug 2011	Message Posted: Mar 6, 2012 12:17:58 AM Ignore B_550i Report Abuse Pure ceap
JesseJack52 All-Star Author Virginia Beach Posts:628 Points:127,835 Joined:Sep 2011	Message Posted: Mar 6, 2012 12:16:07 AM Ignore JesseJack52 Report Abuse their dupping us again
suzmar Champion Author Texas Posts:2,211 Points:870,220 Joined:Jun 2006	Message Posted: Mar 6, 2012 12:15:48 AM Ignore suzmar Report Abuse And oil refiners are paying more for cruse because speculators are driving the price up.
treeguy Veteran Author Wisconsin Posts:263 Points:651,560 Joined:Aug 2005	Message Posted: Mar 6, 2012 12:14:23 AM Ignore treeguy Report Abuse This article is 100% pure BS.
59glide All-Star Author New Haven Posts:857 Points:1,047,380 Joined:Apr 2006	Message Posted: Mar 6, 2012 12:13:18 AM Ignore 59glide Report Abuse It's Greed pure and simple
02SilverStroke Champion Author Dallas Posts:2,013 Points:1,342,120 Joined:Aug 2005	Message Posted: Mar 6, 2012 12:12:58 AM Ignore 02SilverStroke Report Abuse Wish I was getting richer off this.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Mar 6, 2012 12:11:52 AM Ignore tedjm1 Report Abuse Provides tremondous profit to someboddy.
Buddy2264 Champion Author Tampa Posts:11,639 Points:2,357,045 Joined:Oct 2005	Message Posted: Mar 6, 2012 12:10:44 AM Ignore Buddy2264 Report Abuse We will all just travel less and stay home and enjoy what we have. Another year for a stay vacation.
JesseJack52 All-Star Author Virginia Beach Posts:628 Points:127,835 Joined:Sep 2011	Message Posted: Mar 6, 2012 12:09:50 AM Ignore JesseJack52 Report Abuse Their are many factors
Gary65 Champion Author Toronto Posts:1,703 Points:782,095 Joined:Jan 2009	Message Posted: Mar 6, 2012 12:09:43 AM Ignore Gary65 Report Abuse They always come up with one reason or other.
heartbroken2010 Champion Author Ottawa Posts:4,334 Points:894,985 Joined:Aug 2010	Message Posted: Mar 6, 2012 12:08:53 AM Ignore heartbroken2010 Report Abuse and the reasons go on and on.
Geo4564 Champion Author Nevada Posts:6,906 Points:1,566,595 Joined:Aug 2007	Message Posted: Mar 6, 2012 12:08:43 AM Ignore Geo4564 Report Abuse Rich get richer
rxman1 Champion Author Toledo Posts:9,529 Points:1,858,970 Joined:Nov 2007	Message Posted: Mar 6, 2012 12:06:59 AM Ignore rxman1 Report Abuse Rumors maybe but supply not.
lindalo Champion Author Long Island Posts:7,018 Points:716,550 Joined:Apr 2008	Message Posted: Mar 6, 2012 12:06:27 AM Ignore lindalo Report Abuse The issue of speculators was supposed to be dealt with & they are still a major force in this gas /oil shell game that gets played out over and over again.
regout Champion Author Quebec Posts:2,940 Points:829,780 Joined:May 2010	Message Posted: Mar 6, 2012 12:06:04 AM Ignore regout Report Abuse Who knows, anything for rising prices.
Billbop Champion Author St. Louis Posts:2,782 Points:1,449,190 Joined:Jun 2004	Message Posted: Mar 6, 2012 12:05:57 AM Ignore Billbop Report Abuse IF oil cost those oil companies more, they wouldn't be making record profits. Big Oil split their production side from their refining side and their transportation side, so they can triple their tax cuts and credit and "claim" it's costing them more-George Orwell would be proud of them.
fedupMN Champion Author Twin Cities Posts:2,939 Points:570,530 Joined:Mar 2011	Message Posted: Mar 6, 2012 12:05:51 AM Ignore fedupMN Report Abuse B.S. There is a glut of oil, the oil companies have full tankers just sitting because there is no place for the oil. For the past many months gasoline has exported out of the U.S. because of the glut in the U.S. When you control the supply and the manufacturing process you can control the price..... Think about it.... PLEASE !!!!
Blue_Cruzer Champion Author Lexington Posts:7,505 Points:1,666,660 Joined:Mar 2007	Message Posted: Mar 6, 2012 12:05:40 AM Ignore Blue_Cruzer Report Abuse More speculation as far as I'm concerened.