Has anyone notice the rising price of gas again...are we suckers...

[Historic NY]

Did they just lowered it at Christmas so we had some money left to buy stuff. Obama needs to blast them windfall profits.

[Trajan]

1. Yep .....

We are fish in a fucking bowl ....

I am so tired of their gouging and manipulation ....

If nationalization is good for Iraq, then why is it NOT good for the US ?

Why does the oil industry get cheap access to OUR resources in order to sell us what we already own ?

It's a fucking racket ....

[Skink]

2. Fill up now.

[Historic NY]

3. $2.04 here north of NY city.

[marketcrazy1]

5. how about shrinking food!!

noticed today that my favorite ice cream has been downsized AGAIN!! but the price is the same.................

[alsame]

26. Same here, Westchester County. Last week it was $1.89. n/t

[Tom Kitten]

4. a scent of blood in our watery economy..

possibly known as a "stimulous package"...if people somehow get money to spend, watch the sharks flex their fins! 45 billion in profits ain't enough next quarter...sharks can't swim backwards, you know!

[Venceremos]

10. Oh no

I hadn't even thought of that. I'll walk and bike as much as possible if I get any stimulus money.

[Tom Kitten]

11. It's best to keep to one's new formed habits in this case

It's best to be frugal and conserve even if you get more money because the corporations exist in order to separate you from it.

[carlyhippy]

27. agreed. I still drive my SUV to work and back about 30 miles a week

with the weekly trip to pay bills and groceries, nothing has changed even with the drop in prices.

[DebJ]

6. Yep. My blood pressure goes up every time I pass the gas

station on the corner. Is the price of crude still like $35 a barrel? Last time I looked at it, it was, and I saw an increase of about 20% in gas prices
with a decrease of about 25% in crude.

[1]

7. its simple really. we pay what they charge. it has alway been so...

that makes you a consumer. a sucker? some would argue that the definitions are the same.

but ask yourself this... what are you going to do? about that gas price that goes up and down like it has since the beginning of gas prices.

what are you going to do?

[tridim]

25. I bought a 70+mpg vehicle over the winter

I'm fully expecting $4.50 gas again.

[AndyTiedye]

8. Their Friends in Congress Are Chopping Out the Transit Funding so You'll Have to Drive

[CRF450]

9. Went up some here last month, but its been stable for a few weeks

In my drive around town today, gas prices still hasent gone up. Maybe its just a regional thing?

[kentuck]

12. I have noticed that ....

They play a game with the American consumers. They take the price of oil and gas sky high and then... when they have drained our pockets...they take the price back down again. They say it is just the "market" - the law of supply and demand. But should we really believe that??

When it does go down, it never seems to go below the level where a profit is no longer made. There is no deflation in the oil market. Then they take the price up again and the cycle repeats itself over and over and over...

[Kool Kitty]

13. Went up ten cents here today.

Monmouth County, New Jersey.

[northofdenali]

14. Highest prices for gas?

Pipeline/Big Oil-owned Alaska.

Seriously.

One state senator said (after a 4-month "investigation") that it was his "intuition" that our prices are artificially inflated.

[Uben]

15. I filled up for $1.74/gal yesterday

Why is there such disparity between prices in different regions?

[taterguy]

21. A lot of it is because states charge different gas taxes

States with low gas tax pay for roads from general revenue, which is just subsidizing automobile usage.

[dmosh42]

16. The oil companies haven't built any refineries in almost 30 years...

which gives them 'just enough' capacity, but will control the supply, and manipulates the price higher. In the meantime, we're still subsidizing the crooks to the tune of 18 billion dollars! For years, I have always believed that any state could build one refinery, and buy oil on the world market, refine, and sell it to the independent dealers, they would break the monopoly. But the oil companies have pumped over six million into lobbying, which is enough to buy the politicians.

[SpiralHawk]

17. "Smirk." - Republicon oil crony fatcats

[pampango]

18. In SW Ohio it is at $1.68 not. It's gone up to the $1.80's twice in the last couple

of months, then drops back down again. It seems like they're trying to raise the price permanently, but can't make it stick. Of course, they could be something else entirely going on.

Historically gas prices almost always hit their annual bottom in midwinter then rise during the spring to hit a summer high. The economy is suppressing demand. Unless it picks up, which doesn't seem likely soon, the spring gas price rise may not be the same as in the past.

[TWiley]

19. Here is a stock chart of a Natural Gas Mutual Fund

The shares took a major dive since last summers high. (high in summer?) They are probably down 60%. If anything, it looks like major corruption in the bush administration to me. Notice the correlation between the bush years and the stock price.

http://moneycentral.msn.com/investor/charts/chartdl.aspx?symbol=FSNGX

[wuvuj]

20. Typical seasonal price rise?

http://www.spectrumcommodities.com/education/commodity/charts/hu.html

I'd guess it will be over $2 by spring....think Memorial Day.

[ThomWV]

22. Last week Exxon once again announced a new World Record quarterly profit

Anyone suprised? The sister companies will soon follow suite.

[Sirveri]

23. Compare usage to supply. The answers might be there.

Published results for when gas prices got REALLY expenses showed consumption actually outstripped production, which forced the Saudi's to start dumping reserves onto the market and spiked prices until demand destruction occured. I haven't seen recent quarterly reports though, so I have no idea what the exact issues are with supplies. A big issue that is happening is that low crude prices are harming future supply sources. Oil sands have a 30$ break even, and numerous gulf deep water fabs in production were canceled because of the price crash. Saudi pumping at 2$/bbl isn't going to last forever though.

In this case it's likely OPEC production cuts to try and get the price to their desired price point of ~70$/bbl.

[Historic NY]

28. it just so happens the DOE does it for us.....

http://tonto.eia.doe.gov/oog/info/gdu/gasdiesel.asp

http://tonto.eia.doe.gov/oog/info/twip/twip.asp

http://tonto.eia.doe.gov/dnav/pet/pet_sum_sndw_dcus_nus_w.htm

http://www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_home_page.html

[Festivito]

24. What bothers me is how long it was kept ARTIFICIALLY high.

During the Bush admin, even during the time we had some control in the Senate, although I can understand that that Senate control was tenuous.