Oil prices closed today BELOW $57/barrel. So why the hell is gas up a quarter per gallon?

[Deja Q]

Yesterday it was $2.429. Today it's $2.679.

The price of oil, as low as it is, only damning proof gouging is going on.

I'll vote for any politician that does something to fix the system - and I don't give a damn which political party they're in. The party's over and we need to fix this country.

[Roland99]

1. Inventories are down. Refineries will be switching to summer blends now.

Prices should moderate soon.

[robinlynne]

4. inventories are down... BULLSHIT!

[Roland99]

6. According to all of the reports it's true. Now, whether those inventories are manipulated....

that's another story.

You should follow the Stock Market Watch threads in LBN:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=2773333&mesg_id=2773333

[WI_DEM]

2. they are already blaming it on the summer demand season!

[Deja Q]

3. Or because we have more daylight hours, more prople are driving in the evening...

So much for saving energy. :crazy:

Time will tell.

[TechBear_Seattle]

5. It reflects the cost of two barrels

The barrel the oil comes in, and the barrel the petroleum companies have us over.

(Nods to today's Crock comic strip, sadly unavailable because the King Features Syndication company hates America.)

[catzies]

7. To heck with the rational answers, I'm saying they have to make profit projections

ExxonMobil and ChevronTexaco have shareholders to please & I say the price goes down right after they declare earnings at the end of the 1st quarter (Mar 31).

[msongs]

8. greed GREED GrEeD etc repeat for eternity nt

[Oeditpus Rex]

9. The only answer needed:

"Because they can."

[Jim Warren]

12. Fukin' A

Amazing on this message board of all places reading the made for corporate media apologistic claptrap about refinery capacities and switching blends.

[RB TexLa]

10. There is the switch over in blends, there is also the fact that the price you are listing

is for April delivery. Not April delivery as gasoline either, oil that was delivered, paid for, refined and is now being sold to dealers and consumers has been off the market for a while.

Then there is also a seperate market for gasoline, which while linked to the price of oil has many other factors and has aways acted on it's on.

[leftofthedial]

11. it's the new economic theory

when supply is cheap, prices must go up

in order to maintain the profit level