U.S. Gas Prices Make Record Jump

[newyawker99]

Supply shortages pushed average retail gasoline prices up more than 15 cents a gallon nationally during the past two weeks, the largest retail price hike on record since the Lundberg Survey began keeping records 50 years ago.

The survey of 8,000 service stations on Friday showed an average of all grades of gasoline, including taxes, reached $1.7484 a gallon, just short of the survey's all-time high weighted average of $1.7608 set last March 21, analyst Trilby Lundberg said Sunday.

Self-serve regular gasoline showed an average weighted price of $1.7191 a gallon, with mid-grade at $1.8127 and premium grade at $1.9046.

Phoenix had the highest leap in the nation during the two-week period, with prices jumping 60.42 cents a gallon for self-serve regular. On Aug. 22, self-serve regular averaged $2.1425, the highest price in the nation for that grade.


gas prices

[Drifter]

1. Another record ...

for AWOL and his corrupt administration.

Geeze, didn't I hear yet another lame exuse for invading, occupying, and killing Iraq(is) ?

"Well at least we will have cheaper gas once we steal their oil."

Cheers
Drifter

[German-Lefty]

2. Won't that'll be great for the US economy!!!

Crude oil is up; it hit $32 USD last week! I'm guessing the EU economy is less sensitive to oil prices, since they tax the fuel so much anyway.

[catmandu57]

3. It cost more for a gallon

here than ever before. 1.67 a gallon last Friday they usually mess with the price on Monday so I'll see what it is later.

[kentuck]

4. Gotta get that tax refund back....

But maybe the entire increase is going all to the oil companies, rather than to the states and feds in taxes? I have read that for each 1 cent that gasoline goes up creates a billion dollars in revenue for oil companies...

[0007]

5. You ain't seen anything yet!

Wait till gass hits $3.00/gal

It will be as rancor as the fox who enters the hen house. The wealthy will scream the loudest.

WTF gas is gonna cost more than water.

[alfredo]

6. At CNN/HLN a poll shows

that 97% think the price hike is price gouging.

http://www.cnn.com/HLN/
Down and to the left is the poll.

[catmandu57]

7. I detest people who tell me a gallon of coca cola

is more expensive than a gallon of gas. Of course it is. I don't have to drink coca cola though, so I don't pay for it, gasoline however.

[Enraged_Ape]

9. And I don't have to buy 10 gallons of Coca-Cola a week...

in order to commute back and forth between my two jobs.

[Rose Siding]

8. Nothing for it but to drill in the nat'l parks!

WA State is the 6th highest and the report I saw actually blamed it on the blackout and the burst line in AZ.

Didn't the Saudis always take up the slack when the mkt freaked out? Have we accidentally offended them? God knows Jr wouldn't have done it on purpose.

[indepat]

10. Such a small price to pay to bring freedom and liberty to the Iraqi

nation and people, at least for those who have survived sans being maimed or dismembered.

[Poiuyt]

11. When's the investigation?

Whenever there is a price spike like this, the prices remain high until someone in Congress threatens an investigation. Then the price mysteriously goes back down.

[Room101]

12. 2.19 here in SF

I have nothing to say.

[zelda7743]

13. So, they're saying that Hawaii is not part of the nation?

Our gas has been in the $2.20s since the start of the "Iraq Invasion". And now it's starting to climb again. It's not like we're making more money out here to compensate.
Hopefully, people will realize that they're funding the BFEE and vote him out in 04.

[SpiralHawk]

14. But, but, but...On the bright side

pResident Bush* will enjoy a 3-hour nap this afternoon as he continues his 3-day taxpayer funded vacation at the First Swinery.

So please stop your unpatriotic grousing about gas prices. You could disturb his nap.

"We need an energy bill that encourages consumption."
- George W. Bush, Trenton, N.J., Sept. 23, 2002

[yolatengo]

15. win win for *

First, it 'softens up' resistance to drilling anywhere and
everywhere. Already the 20% of Americans who are the Freeper
'drill it, kill it, pave it' crowd believe the ONLY way to bring prices
down is to drill, so to make it more palatable to the rest of us;
a few blackouts, a few price spikes and pretty soon Joe and Jane
Suburbanite, who only had to be told 'Saddam begins bombing
in 45 minutes' before they gave two thumbs up to War, will now
give three thumbs up to BOTH 'kick their ass and steal their gas'
and 'drill everywhere' so they can put cheap gas in their Tahoes.

And if they DON'T, oh well; ExxonMobil, Halliburton and allllll of
Georgie's oil friends make out like bandits on $2.99/gallon gasoline.

Gosh, what a COINCIDENCE! Just like the War (sell them weapons
then sell the US Army weapons to defeat those weapons) BushCo
makes the scratch at both ends.

It's a tough call. If you're reasonably (little 'g') "green" you might
like a policy like: "well, if we raise gas taxes $1/gallon, we can fund
trams and buses and altern-o-fuel and subways etc". Either way
though, politically, even a mildly 'green' Jane Suburbanite will
go with: "I just want gas cheaper! I'm sorry, but if we have to
kick their ass and TAKE it, too bad...". There will be few marches
on Washington either to stop drilling or stop killing for Cheap Gas.

Well, there will be about as many marches as there were for: "why
don't you just raise CAFE standards to 35mpg so we can tell OPEC
to F*CK OFF?".

Bigby

[arikara]

16. If you think you have it bad...

In Victoria BC, gas prices are the highest in Canada at .89 a litre for regular. There are 4.5 litres in a gallon which makes it over $4 a gallon for gas.

I need a new car soon and I'm getting a hybrid.

[lfairban]

17. I think your conversion is a bit confusing.

There are 4.5 liters per imperial gallon, which is used in Canada. The gallon used in the US is 3.8 liters. Also, was the .89 dollars Canadian? I am not sure of the conversion factor, but that would be far less in American dollars.

http://convert.french-property.co.uk/

[Newsjock]

21. I get about US$2.43 for Victoria

Depending on the minutia of today's exchange rate, etc.

[Kellanved]

18. If you think you have it bad...

then think about the European prices. They're around $4.5 per US gallon.

[stickdog]

19. Can you say annual vacation season "collusion"?

I thought you could.

Who wants to guess the average oil company tax reduced dividend?

[dansolo]

20. Three refineries were shut down

for "unscheduled maintenance" in the past week. Are we seeing more price manipulation here?

[freeforall]

22. You folks are fortunate

We pay by the litre, which is no,w almost $4.00 per gallon, US equivalent!

[Kbowe]

23. I am dumbfounded by the lack of concern about the gouging...

I guess America is controlled by ditto heads.