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Regarding Gas Prices.Could Prices Continue To Fall With A Possible Crude Glut?,2009 All Over Again?

Posted on 05/18/2012 8:21:16 PM PDT by Reality_News

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To: Politicalmom; Reality_News

California is always messed up when compared to the rest of the nation.

On a more serious, or perhaps just a more specific note, you guys are your own market in CA, and perhaps there are other factors at play, like refinery capacity.


21 posted on 05/18/2012 8:57:05 PM PDT by FreedomPoster (Islam delenda est)
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To: FreedomPoster

I was thinking it was the summer formula switch or the summer driving season commencing. It was sure a huge hike, though. I was paying under $4 a couple weeks ago, now it’s up to $4.30 or higher.


22 posted on 05/18/2012 9:01:53 PM PDT by Politicalmom (THIS IS NOT A GOP CHEERLEADING SITE!!!)
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To: Reality_News
I Have a feeling those greedy bastards in cally will be the last in line to drop their prices at the same pace crude goes down.

Those 'greedy bastards' are forced to make a special blend of gas they can only sell in California. Limited supply = higher price.

BTW, this is one place where federal regulation is appropriate...there should be one federal standard for different blends of gasoline, and they should be sellable in every state.
23 posted on 05/18/2012 9:02:55 PM PDT by rottndog (Be Prepared for what's coming AFTER America....)
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To: Politicalmom

Ouch. I’m ATL-area, and don’t think I’ve paid more than $4.10 or $4.15, and that’s for 93 octane premium, which you guys generally can’t get, having to make do with your 91 “craptane”.

It’s nicely under $4 now.


24 posted on 05/18/2012 9:05:18 PM PDT by FreedomPoster (Islam delenda est)
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To: Reality_News

Kennewick, WA. Costco $ 4.02. 5/18/12


25 posted on 05/18/2012 9:09:06 PM PDT by alpo
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To: Reality_News

“and just watch the leftist baffoons start assuming that Obumma will now win the election because gas is back to 3.00 a gallon. NOT !!!”

By July 4th, gas will be 2.50 a gallon. Obama needs people traveling again. He needs us to have the feeling things are better. Food prices down, shipping costs down which means some jobs created.

Then the media will declare how the energy companies caved because Obama held them off.

Hmmm hmmmm hmmmm


26 posted on 05/18/2012 9:10:49 PM PDT by EQAndyBuzz (Would you rather eat dog food or cat food? Guess it's Romney 2012.)
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To: Reality_News

I wish they would fall, they have gone up 25 cents a gallon in the last 4 days here!

Now $4.28 for self serve regular!


27 posted on 05/18/2012 9:15:09 PM PDT by dalereed
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To: Reality_News

The fact is speculation and banking is a large part of this. Market conditions have not caused prices to quadruple in a decade and prices at $3-$4 are simply unsustainable. I know this isn’t considered the “conservative” stance and the lack of domestic drilling has been a part of it, but not to this level. Commodities and related derivitives have been used to hedge against mortgages and debt.


28 posted on 05/18/2012 9:15:24 PM PDT by wolfman23601
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To: All

$4.19 in Colville,Wa.


29 posted on 05/18/2012 9:16:46 PM PDT by gunner03
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To: rottndog
BTW, this is one place where federal regulation is appropriate...there should be one federal standard for different blends of gasoline, and they should be sellable in every state.

I'm going to disagree, there, Aside from octane rating.

I'm in North Dakota, and in winter, what works in Texas just might not work here. Non-ethanol blends can have a little added as a drying agent to keep ice out of fuel lines, but put everyone at E10 or E15, and fuel systems are going to suffer.

No.1 Diesel up here in the winter, not No.2, or you'll be gelled up on the side of the road.

Let the FedGov set one standard, and everyone will either pay more or the fuel won't work.

Regional standards make some sense.

What's your state fuel tax? That may be spanking you as well.

30 posted on 05/18/2012 9:17:23 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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To: Reality_News

Gas on the entire west coast is going up due to “refinery issues”. $4.20 for the cheap stuff in Western Washington.

No need for the Republicans to attack President Obama at all. Just replay all of the ridiculous promises he made during his first run for the presidency and then compare them to the present reality. Then when he starts whining that he couldn’t have forseen the economic crisis, time date stamp the promises he made after the crisis started. It would have been the perfect time to pare back his promises, but instead he steeped them up. Let his own words be his own worst enemy.


31 posted on 05/18/2012 9:23:12 PM PDT by Infralutheran
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To: sickoflibs

I’d be happy to pay more for gas if it helps this nation end its experiment with communism......And I hope against hope that conservatives quit referring to unemployment as 8.1 percent, without emphasizing that it’s dropped only because millions have given up looking for work.


32 posted on 05/18/2012 9:31:57 PM PDT by line drive to right
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To: Reality_News
Helpful nationwide map of current gas prices: http://www.georgiagasprices.com/Price_By_County.aspx
33 posted on 05/18/2012 9:40:32 PM PDT by rawhide
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To: Reality_News

Good news for Texas today - unemployment now at 6.9%, they say because of increased construction so that means the Mexicans are working again. Gas in Houston suburbs $3.40 to $3.45, $.10 to $.30 higher in the city though. A month ago I paid $3.29 for regular in Guthrie, Oklahoma. Wished at the time that I had a spare 100 gal tank with me.


34 posted on 05/18/2012 9:43:52 PM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: Reality_News

The domestic supply of crude is at a 10-year high and OPEC members are routinely exceeding their quotas. The market is well supplied with crude, but there is another important factor: Expectation of a future supply disruption (such as might be caused by Mid-East war) is supporting the price of crude.

That said, consumers don’t buy crude. They buy products, such as diesel and gasoline. To be well supplied with products, we must have sufficient refining capacity in use. We’ve lost a substantial amount of East Coast refining capacity in the last 4 or 5 months.

All that said, there’s good reason to think that crude may decline another 20% and gasoline prices will follow (more or less). If Israel bombs Iran, all bets are off.


35 posted on 05/18/2012 9:52:00 PM PDT by AlwaysThinking (Pray, Christian 2 Chron 7:14)
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To: EQAndyBuzz

That’s what the hokey pokey is all about!


36 posted on 05/18/2012 10:06:23 PM PDT by berdie
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To: All

Some data for Arizona and US averages here...

http://www.tucsongasprices.com/retail_price_chart.aspx?city1=Tucson&city2=Arizona&city3=USA%20Average&crude=n&tme=24&units=us


37 posted on 05/18/2012 10:57:16 PM PDT by az_gila
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To: Politicalmom

Right... going up day by day here in Cali. Driving back from tradeshow in Vegas and gassed up in Baker... $4.79!


38 posted on 05/18/2012 10:59:46 PM PDT by antceecee (Bless us Father.. have mercy on us and protect us from evil.)
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To: libertarian27

We’re paying $4.45 for premium in central CT....It’s been ages since I *filled* my tank. [3.93-4.09 Reg] ;(

Will welcome *lower prices* ...but they have been going up.


39 posted on 05/18/2012 11:04:14 PM PDT by Daffynition (Our forefathers would be shooting by now.)
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To: antceecee

OUCH!!


40 posted on 05/18/2012 11:43:06 PM PDT by Politicalmom (THIS IS NOT A GOP CHEERLEADING SITE!!!)
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