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So ... Why ARE gasoline prices going up ... THIS time ?
self ^ | May 21, 2009 | knarf

Posted on 05/21/2009 5:04:02 AM PDT by knarf

I admit to being confused.


TOPICS: Business/Economy
KEYWORDS: 0bama; 0bamaisfailing; bigteapartyjuly4; co2isnotpollution; cost; drillheredrillnow; gasoline; givemeliberty; globalcooling; idiocracy; keepthechange; madashell; newnukesnow; notsosmartcars
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To: Dixie Yooper
"Has California already been carved up into 8 states? What are the new states called?"

Islam.

61 posted on 05/21/2009 5:34:15 AM PDT by knarf (I say things that are true ... I have no proof ... but they're true)
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To: Beagle8U

Why don’t you read what I was replying to - the increase didn’t just happen for Memorial Day - it’s been going up the past month. Geez.


62 posted on 05/21/2009 5:44:26 AM PDT by presently no screen name
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To: Dr. Bogus Pachysandra

I stand corrected!


63 posted on 05/21/2009 5:46:54 AM PDT by kickonly88
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To: Dixie Yooper

“What are the new states called?”

I have no idea! Ask Obama. He’s the one who said there are 57 states.


64 posted on 05/21/2009 5:47:01 AM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: knarf
Obama's Fault! along with summer driving. But will the high inventories of oil, you'd think it wouldn't but it has. Also, oil has been going up steadily too, even though we are in a deep recession.

Gas started going up steadily 3 weeks ago and has been 2 cents per day most days, but some days 4 cents per day.

65 posted on 05/21/2009 5:48:03 AM PDT by b4its2late (There is always one more imbecile than you counted on.)
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To: knarf

Simple. Refineries are intentially slowing producion. US refineries are producing at a little over 81% of capacity. This low production rate is driving up prices. With low gas prices refineries are not profiting as they usually do, therefore they are choking supply to drive up prices. It’s working. Gas is now $2.50 per gallon here.


66 posted on 05/21/2009 5:48:18 AM PDT by Obadiah (Obama: Chains you can believe in!)
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To: knarf

I wonder how many oil tankers are spending the weekend just drifting or at anchor somewhere... watching videos and eating Cheetohs.


67 posted on 05/21/2009 5:48:53 AM PDT by King Moonracer (Bad lighting and cheap fabric, that's how you sell clothing.)
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To: knarf
Because if you take the square root of the hypotunse and multiply that by a factor of 1.45 you get the price. . . . . . . for today.

Next question. . . .

68 posted on 05/21/2009 5:50:25 AM PDT by DeaconRed (EVERYTHINGS BROKEN-HELP - We really need Change NOW. In 6 MO it's all over)
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To: presently no screen name
I did read what you wrote. In the past month gas has gone up 70 cents a gallon. That is 35%. I don't think that is gradual.
69 posted on 05/21/2009 5:51:06 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: Dr. Bogus Pachysandra
I have no idea! Ask Obama. He’s the one who said there are 57 states

The smarmy faced SOB won't return my calls...

70 posted on 05/21/2009 5:51:26 AM PDT by Dixie Yooper (Ephesians 6:11)
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This is why its going up, just like last time. Speculators controlling the market using the same deregulation and methods that Enron did.

In this 2005 article, you can see that a trader could control $70k of oil contracts with a margin of only $3k. Not sure what the margin is today but this allows hedge funds to control massive amounts of oil that they never take delivery on.
http://www.foxnews.com/printer_friendly_story/0,3566,166038,00.html

This more recent article goes into more detail
http://www.cbsnews.com/stories/2009/01/08/60minutes/main4707770.shtml


71 posted on 05/21/2009 5:53:25 AM PDT by bigtoona
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To: Dixie Yooper
"It’s 57 different blends.

It's called HeinzKerry 57.

72 posted on 05/21/2009 5:53:27 AM PDT by DeaconRed (EVERYTHINGS BROKEN-HELP - We really need Change NOW. In 6 MO it's all over)
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To: george76
Good catch, oil is a global commodity, the US is printing money like crazy therefore price inflation is inevitable. Thank the US Treasury for some of the price increase.
73 posted on 05/21/2009 5:54:25 AM PDT by 2001convSVT ("Only Property Owners that pay taxes should have the right to Vote")
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To: randita
"Just check your tire pressure and drive 55 MPH."

Doesn't work. My government mandated active tire pressure monitoring systems already check my tire pressure for me.

As far as driving 55 goes - I tried that once. I got a ticket before I even got out of the subdivision.

74 posted on 05/21/2009 5:55:01 AM PDT by norwaypinesavage (Global Warming Theory is extremely robust with respect to data. All observations confirm it)
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To: knarf

Because the dollar is crashing?


75 posted on 05/21/2009 5:55:04 AM PDT by NeoCaveman (control the teleprompter, control the world)
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To: knarf

Short answer? Profiteering.


76 posted on 05/21/2009 5:56:30 AM PDT by IronJack (=)
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To: ArrogantBustard; All

The LIBOR is still way, WAY down.

Partly driven by the US Prime Lending Rate being SO low.

Partly because the underwriters are setting requirements WAY high to loan out the money in the first place.

But a primary reason is there are fewer takers of the money because of future economic growth -- one important part of that is energy (oil) consumption. It's stagnant.

I still think the parallels between our current situation and the Long Depression (not to be confused with the Great Depression) are striking ... and the majority of it is good old fashion Market Manipulation.

77 posted on 05/21/2009 5:57:12 AM PDT by BP2 (I think, therefore I'm a conservative)
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To: muawiyah
Hey, at that rate it'll be $9 in a year, and $15 in two!

Hussein's fault!

78 posted on 05/21/2009 6:01:52 AM PDT by Arrowhead1952 (It took almost 250 years to make the USA great and 30 days for "The Failure" BO to tear it down.)
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To: xcamel
Because they can.

I was going to say the exact same thing. Because they can, because the dimwits are in charge and everyone knows there will be no drilling of new oil or increases of the domestic supply as long as they are in charge. There will do the exact opposite, every thing that can be done to make energy, including gas, prices go up will be done and new ones thought up. Oil companies are raising prices, and have been since they bottomed out this winter. As soon as Bozo cancelled all drilling and oil and gas leases gas prices started to rise again.

79 posted on 05/21/2009 6:02:39 AM PDT by calex59
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To: knarf

Memorial Day Weekend, and the dollar is literally worth less and less the more they print them.


80 posted on 05/21/2009 6:10:18 AM PDT by Centurion2000 (We either Free America ourselves, or it is midnight for humanity for a thousand years.)
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