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Author	Topic: As gas prices rise, no relief in sight at pump	Post a Reply Back to Topics

RENEGADEGAS Champion Author Missouri Posts:15,074 Points:1,619,800 Joined:Jul 2008	Message Posted: Mar 17, 2012 11:21:21 PM Ignore RENEGADEGAS Report Abuse U.S. gasoline prices jumped 6% in February, and market experts predict they will climb higher because critical refining operations in the Northeast are shutting down. From New York to Philadelphia, refineries that turn oil into gasoline have been idled or shut permanently because their owners are losing money on them. Sunoco Inc. is expected to close the region's largest refinery in July, taking another 335,000 barrels per day in production capacity off the market.The East Coast refineries are getting squeezed by the soaring cost of crude oil, the major component in gasoline. The cost of oil has jumped in the past year due to global economic growth and rising tensions between Western nations and Iran, a major producer. Refineries haven't been able to increase their own prices e Visit The Wall Street Journal for full article

RENEGADEGAS

Champion Author
Missouri

Posts:15,074
Points:1,619,800
Joined:Jul 2008

Message Posted: Mar 17, 2012 11:21:21 PM

Ignore RENEGADEGAS Report Abuse

U.S. gasoline prices jumped 6% in February, and market experts predict they will climb higher because critical refining operations in the Northeast are shutting down.

From New York to Philadelphia, refineries that turn oil into gasoline have been idled or shut permanently because their owners are losing money on them. Sunoco Inc. is expected to close the region's largest refinery in July, taking another 335,000 barrels per day in production capacity off the market.The East Coast refineries are getting squeezed by the soaring cost of crude oil, the major component in gasoline. The cost of oil has jumped in the past year due to global economic growth and rising tensions between Western nations and Iran, a major producer. Refineries haven't been able to increase their own prices e
Visit The Wall Street Journal for full article

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honda0105 Champion Author Tallahassee Posts:18,834 Points:1,638,195 Joined:Nov 2008	Message Posted: Mar 21, 2012 5:06:05 AM Ignore honda0105 Report Abuse how is gas prices going through the roof solving the problem, alex?
N5EXY Champion Author Austin Posts:5,639 Points:1,538,005 Joined:Jul 2004	Message Posted: Mar 20, 2012 3:13:44 AM Ignore N5EXY Report Abuse Wait for the wind to blow, the sun to shine, and the algae to grow.
alex395 Champion Author Louisville Posts:2,085 Points:280,540 Joined:Jan 2007	Message Posted: Mar 19, 2012 3:33:49 PM Ignore alex395 Report Abuse Netanyhu will take out Iran, gasoline prices go through the roof, Obama is defeated in November, problem solved.
sparky808 Champion Author Honolulu Posts:3,144 Points:625,660 Joined:Sep 2011	Message Posted: Mar 19, 2012 12:26:07 PM Ignore sparky808 Report Abuse Thank you for posting.
blupupher Champion Author Houston Posts:3,695 Points:776,495 Joined:Feb 2011	Message Posted: Mar 19, 2012 7:36:24 AM Ignore blupupher Report Abuse Refineries shutting down yet we are exporting more fuel than ever. It is not about the supply or the demand.
tomok Champion Author Portland Posts:33,600 Points:2,373,210 Joined:Aug 2006	Message Posted: Mar 19, 2012 2:46:16 AM Ignore tomok Report Abuse As gas prices rise, no relief in sight at the pump and 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, 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!
WalRus49 Champion Author Boston Posts:4,215 Points:896,565 Joined:Nov 2010	Message Posted: Mar 18, 2012 11:54:02 PM Ignore WalRus49 Report Abuse More organized mayhem and pillage............
gasmask78 Champion Author Virginia Posts:2,395 Points:468,970 Joined:Sep 2011	Message Posted: Mar 18, 2012 11:43:32 PM Ignore gasmask78 Report Abuse gas will go higher for a while...better stock up on beano while it's still readily available..
nomad228 Champion Author Columbus Posts:3,143 Points:580,215 Joined:Feb 2011	Message Posted: Mar 18, 2012 11:34:41 PM Ignore nomad228 Report Abuse and here we go again with the rhetoric of big earl and his buddies.
zaq001 Champion Author Atlanta Posts:4,119 Points:1,500,755 Joined:Oct 2008	Message Posted: Mar 18, 2012 11:24:07 PM Ignore zaq001 Report Abuse ok
Colts13 Champion Author Indiana Posts:1,716 Points:573,210 Joined:Mar 2011	Message Posted: Mar 18, 2012 11:21:43 PM Ignore Colts13 Report Abuse Bull crap!
CdnLynx Champion Author Ontario Posts:1,082 Points:538,640 Joined:May 2008	Message Posted: Mar 18, 2012 11:20:41 PM Ignore CdnLynx Report Abuse Politicians and their double-speak; they state they want a strong economy for the good of their nation. Our respective economies will only become strong, when and if our gov'ts in the west take the bull by the horns and lower the cost of energy. Energy is what will fuel any economic recovery. In all democracies, they are supposed to be the voice of people. Unfortunately, over time, democracy has succumbed into a fight between parties to be/have power, at the expense of the people they are supposed to represent. Yet, their respective war chests that fund their fight for power is bought and paid for by the corporations; corporations donations, that require immediate beneficial decisions; generally those decisions are not beneficial for the people. Democracy, should not be allowed to be bought and paid for the the elitist few.
otherdave Champion Author Indiana Posts:3,535 Points:1,296,860 Joined:Oct 2008	Message Posted: Mar 18, 2012 11:16:09 PM Ignore otherdave Report Abuse Already $4.20 - $4.30 in some areas of Indiana.
gocatgo Champion Author South Carolina Posts:15,829 Points:2,558,215 Joined:Apr 2006	Message Posted: Mar 18, 2012 11:16:05 PM Ignore gocatgo Report Abuse Closing refineries is just another way to lower supplies and increase profits. Refineries can be updated and old equipment replaced with their record profits. Or the govt tax subsidies could pay for the work. Who is big oil trying to fool?
Zonk Champion Author Michigan Posts:6,626 Points:2,130,690 Joined:Oct 2005	Message Posted: Mar 18, 2012 11:12:43 PM Ignore Zonk Report Abuse This has been the trend for sometime.
frostyWV Champion Author West Virginia Posts:2,339 Points:519,235 Joined:May 2011	Message Posted: Mar 18, 2012 11:12:34 PM Ignore frostyWV Report Abuse bad news.
KnoxGasPriceSpy Champion Author Knoxville Posts:141,283 Points:949,470 Joined:Oct 2010	Message Posted: Mar 18, 2012 11:12:29 PM Ignore KnoxGasPriceSpy Report Abuse gonna be a lot of pissed drivers in the east..
millerin Champion Author Orlando Posts:2,332 Points:487,315 Joined:Jan 2012	Message Posted: Mar 18, 2012 11:12:03 PM Ignore millerin Report Abuse smth new?
jrschl Champion Author Louisville Posts:3,107 Points:708,765 Joined:Jun 2011	Message Posted: Mar 18, 2012 11:11:56 PM Ignore jrschl Report Abuse I wouldn't even waste time looking.
crreed1 Champion Author West Virginia Posts:2,105 Points:2,551,690 Joined:May 2005	Message Posted: Mar 18, 2012 11:11:02 PM Ignore crreed1 Report Abuse 3.95 here
59glide All-Star Author New Haven Posts:872 Points:1,072,705 Joined:Apr 2006	Message Posted: Mar 18, 2012 11:10:20 PM Ignore 59glide Report Abuse Wall st. greed
mfeldstein Champion Author Ottawa Posts:8,306 Points:1,957,205 Joined:Feb 2007	Message Posted: Mar 18, 2012 11:08:55 PM Ignore mfeldstein Report Abuse I'm moving to Indianapolis.
TRYWI All-Star Author Appleton Posts:898 Points:282,150 Joined:Jan 2012	Message Posted: Mar 18, 2012 11:07:39 PM Ignore TRYWI Report Abuse okay
1cheapgasin Champion Author Indianapolis Posts:5,699 Points:1,237,440 Joined:Jul 2009	Message Posted: Mar 18, 2012 11:06:53 PM Ignore 1cheapgasin Report Abuse It has come down 30 cent here in 6 days.
us4usa Champion Author Missouri Posts:6,125 Points:1,138,560 Joined:May 2008	Message Posted: Mar 18, 2012 11:05:54 PM Ignore us4usa Report Abuse They should retool to use cheap US oil... Time for a taxpayer bailout for these poor refineries??? Cheaper to use someone elses money and not cut into their profits...
RabunDog Champion Author Georgia Posts:2,995 Points:1,241,210 Joined:May 2009	Message Posted: Mar 18, 2012 11:04:44 PM Ignore RabunDog Report Abuse ok
Cashless Champion Author Akron Posts:3,660 Points:762,005 Joined:Apr 2011	Message Posted: Mar 18, 2012 11:03:33 PM Ignore Cashless Report Abuse What a pile of sh!t.
aukxsona Sophomore Author Arkansas Posts:115 Points:15,005 Joined:Feb 2008	Message Posted: Mar 18, 2012 11:02:49 PM Ignore aukxsona Report Abuse wtf?
OWENALOTT Champion Author Appleton Posts:2,182 Points:500,095 Joined:Apr 2011	Message Posted: Mar 18, 2012 11:00:50 PM Ignore OWENALOTT Report Abuse OK
Harry813 Champion Author Iowa Posts:3,140 Points:689,340 Joined:Jul 2011	Message Posted: Mar 18, 2012 11:00:41 PM Ignore Harry813 Report Abuse What a CROCK
Z51Corvette Champion Author Austin Posts:8,608 Points:1,697,410 Joined:Jan 2008	Message Posted: Mar 18, 2012 10:58:47 PM Ignore Z51Corvette Report Abuse The reindeers need to charge more... And STAY OPEN!
dentman_314 Sophomore Author St. Louis Posts:163 Points:35,140 Joined:Feb 2012	Message Posted: Mar 18, 2012 10:57:55 PM Ignore dentman_314 Report Abuse They don't really care about us
jango28 Sophomore Author Memphis Posts:161 Points:151,245 Joined:Dec 2007	Message Posted: Mar 18, 2012 10:56:03 PM Ignore jango28 Report Abuse Research alternates
mrbee Champion Author Little Rock Posts:3,898 Points:2,494,285 Joined:Oct 2005	Message Posted: Mar 18, 2012 10:56:00 PM Ignore mrbee Report Abuse Going to go higher.
30mpg80 Champion Author Lexington Posts:10,271 Points:1,515,555 Joined:Nov 2008	Message Posted: Mar 18, 2012 10:53:31 PM Ignore 30mpg80 Report Abuse If Washington D.C. cared at all, oil speculation would have been limited already.
drobbbb Champion Author Maryland Posts:3,595 Points:837,985 Joined:Dec 2010	Message Posted: Mar 18, 2012 10:52:09 PM Ignore drobbbb Report Abuse ok
idigau22 Champion Author Washington Posts:23,609 Points:3,229,585 Joined:Apr 2003	Message Posted: Mar 18, 2012 10:50:01 PM Ignore idigau22 Report Abuse Oh Boo Hoo, Sniff Sniff! I am crying big tears for the refineries! I hope their families don't need to go on Welfare!!!
granitestater Champion Author New Hampshire Posts:8,987 Points:1,459,425 Joined:Oct 2008	Message Posted: Mar 18, 2012 10:48:51 PM Ignore granitestater Report Abuse High crude prices are hurting the refiners because they can't sell all the byproducts at increased prices. And gasoline won't support the difference, either...
KhelbenArunson Champion Author Michigan Posts:4,586 Points:745,565 Joined:Apr 2008	Message Posted: Mar 18, 2012 10:48:31 PM Ignore KhelbenArunson Report Abuse There will be relief if we crucify and reregulate big oil.
mackconsult Champion Author Portland Posts:5,374 Points:868,410 Joined:Jan 2009	Message Posted: Mar 18, 2012 10:47:02 PM Ignore mackconsult Report Abuse No kidding
SparkieMi Champion Author Kalamazoo Posts:3,407 Points:616,610 Joined:Sep 2011	Message Posted: Mar 18, 2012 10:44:10 PM Ignore SparkieMi Report Abuse Interesting... abcdMA has a very good point... How ever what is really the solution to lower pump prices?????
seahawks Champion Author Washington Posts:3,331 Points:1,985,250 Joined:Sep 2005	Message Posted: Mar 18, 2012 10:42:56 PM Ignore seahawks Report Abuse just pure greed!!!
melvindale Champion Author Michigan Posts:1,438 Points:351,230 Joined:Jun 2011	Message Posted: Mar 18, 2012 10:42:15 PM Ignore melvindale Report Abuse There is NO WAY they are not making money refining with prices this high. So what is really going on? They are reducing capacity so they can say there are fuel shortages when demand goes up in summer, and (following the law of supply and demand) then raise prices astronomically. It already looked like gas was going to hit $5 a gallon this year. However, with these changes, it is clear that the big oil companies are hoping to hit $10 a gallon. That right, while most businesses are scraping by with 1% profit margins, big oil is unsatisfied with 15% profit margins and are colluding to do all they can to push profits up to 30% or even 50% if they can get it. They expect the US wants to maintain capitalism and free markets. What they forget is that when they conspire to set prices it is no longer a free market, and is illegal in the US. The most likely course of action is for the oil-gasoline-fuel industry to be declared a utility and then be regulated like utilities have been regulated in the past. That is a governing board is created who monitors the industry closely and has powers to change prices and business practices at any and all companies in the industry. The number one component is deciding what is a reasonable profit margin. After that, companies may be declared that they are intentionally changing the way they make profit (such as too much drilling to reduce profit), and forced to make due with lower prices. Remember, if that happens, they did it to themselves. They are capable of reading history and comparing what they do today to monopolistic practices in the past. Best part: they can't move production overseas to reduce costs.
coke_kid Champion Author Chicago Posts:1,536 Points:324,370 Joined:Nov 2005	Message Posted: Mar 18, 2012 10:41:36 PM Ignore coke_kid Report Abuse I feel like we live in cuba under Obama.. Mr green president.. big government
mfeldstein Champion Author Ottawa Posts:8,306 Points:1,957,205 Joined:Feb 2007	Message Posted: Mar 18, 2012 10:40:40 PM Ignore mfeldstein Report Abuse Government should regulate oil companies, requiring them to build refineries in every region.
Dsin44 Champion Author Abbotsford Posts:1,275 Points:276,195 Joined:Apr 2011	Message Posted: Mar 18, 2012 10:39:53 PM Ignore Dsin44 Report Abuse just crap
danol43 Champion Author Modesto Posts:1,784 Points:613,895 Joined:May 2011	Message Posted: Mar 18, 2012 10:39:18 PM Ignore danol43 Report Abuse Obama wins.
bigmoo63 Champion Author Kalamazoo Posts:1,284 Points:84,610 Joined:Nov 2009	Message Posted: Mar 18, 2012 10:36:34 PM Ignore bigmoo63 Report Abuse No relief in site. Just the way Chu and Obama wanted it.
blazerbob91 Champion Author Milwaukee Posts:6,285 Points:1,910,995 Joined:Aug 2005	Message Posted: Mar 18, 2012 10:35:56 PM Ignore blazerbob91 Report Abuse That sounds like manipulation.
ratones1 Champion Author Los Angeles Posts:2,987 Points:756,755 Joined:Mar 2011	Message Posted: Mar 18, 2012 10:34:22 PM Ignore ratones1 Report Abuse politics...