[TLI]

Nymex Crude Future 34.57 -1.37

Nymex RBOB Gasoline Future 128.90 1.92

Here in Texas you add about .39 cents to the 1.28 to get the retail price not including station profit and transportation cost.

When Crude was at or below 40.00 brl a few months ago the Futures price of gasoline was in the .90 cent a gallon range.

Someone, somewhere is making a nice piece of "change."

[fellowgeek]

Then I wonder why the price at the pump has not gone down in recent days ... as a matter of fact, it has gone up 10-15 cents recently.

Someone is getting screwed here ... the consumer!

[SoldierDad]

Yet, the price of gas at the pumps keeps going up - facinating!!!

[Danae]

The 08 Oil Spike was a deliberate attack IMHO. Oil Speculators did a MASSIVE wealth distribution scam and the people who paid for it were the same ones that lost their houses because of it, the Poor and the VERY poor who could not afford their Fannie Mae loans.

Why isn’t anyone investigating that?

[ontap]

Why does rising inventories fuel demand concerns?

[TLI]

Nymex RBOB Gasoline Future 128.90 . +1.92

[castowell]

You’re on to something. Crude demand continues to fall, yet the price at the pump where I live (Northern Virginia) has risen 40 cents/gal in the last 6 weeks. Are the refineries reducing output because of maintenance all at the same time? I don’t think the fuel blend switches over until the spring. What gives?

[Sacajaweau]

Okay....We cut back like they told us...and Voila...

At $140 a barrel...we were paying $4. At $36...we're paying $2.

Taxes don't go down!!

[thackney]

To Add to the discussion on this thread:

Diesel price may drop below gasoline
http://www.freerepublic.com/focus/f-news/2183116/posts

There is ongoing correction from the relative low gasoline prices of late last year compared to crude. In Oct, Nov & Dec the average spot market for Gasoline sold for less than crude oil, not a sustainable position.

Cushing, OK WTI Monthly Spot Price
http://tonto.eia.doe.gov/dnav/pet/hist/rwtcm.htm

U.S. Gulf Coast Conventional Gasoline Regular Monthly Spot Price
http://tonto.eia.doe.gov/dnav/pet/hist/rruusgm.htm

[meyer]

Gold’s up, DOW’s down, Oil’s down. People are not betting on productivity for the future.

[Tarpon]

Obama intends to ration energy, drive up prices, by the simple act of constraining supply -- Both transport fuel and electricity.

[NavyCanDo]

Sure would like to see it reflected at the pumps. Here in the Puget Sound it went down to the S 1.80’s average several weeks ago, but then bounced back to an average of 2.17 over the last couple of weeks. yet the price per barrel is lower now that when we were in the $ 1.80’s.

[PugetSoundSoldier]

That price is only WTI. Brent and ME crude are still at $42-$44.

I think this price drop of WTI reflects the strength of the USD relative to the rest of the world more than a big drop in demand... We still import 65% of our oil needs.

[OB1kNOb]

Gasoline prices have been screwy for the past few weeks here. Two stations, same Company, five miles apart on the interstate I drive every morning have been bouncing back and forth between $1.89 and $1.75. The curious thing is that both won’t have the same price on the same day. One day one will be $1.85 and the other $1.79 and the next day they are just reverse. I’d like someone explain those price fluctuations.