Gasoline Prices still on the rise

My twisted mind | Today | Self

[TheBattman]

Just noticed yet another news story on CBS morning program reflecting on the "reasons" for rising gasoline prices. Upon reflecting, I realize that local prices have gone up 10 cents per gallin in the last week and a half.

So, I must ask: What in the world is going on? I know that I recently read that OPEC has cut production several times in the last few months. I am also hearing that refining capacity is streached thin.

What's going on? You would think with the profits waiting to be grabbed, that capacity would be up, not down. Furthermore, what other reason would OPEC (read that as Saudi Arabia as the majority member) have for cutting production with prices already higher than they have been in many years? Simply to make a statement to the US?

[TheBattman]

I again cringe when I gas up my truck -

The CBS broadcast was pretty much blaming SUV drivers for the shortage.

What gives?

[1rudeboy]

You would think with the profits waiting to be grabbed, that capacity would be up, not down.

Unless you expect prices to come down again.

[Puppage]

Gasoline Prices still on the rise

Gee, maybe GW should release some of the Strategic Oil Reserves like Bill Klinton did for Al Gore?</sarcasm

[familyofman]

Did you ever notice how things really are connected - something like the butterfly sneeze in Brazil causing a tornado in Kansas. Balance of trade way out of whack - deficits & increased borrowing from foreign countries - number of suv's on the road - summer coming (increased driving) - price of gas goes up like a rocket.

[o_zarkman44]

More cars and trucks on the road today increases demand.
Increased heating oil demand in the north East due to winter happening every year. Same old excuses every year.

Now if America allowed more exploration and homeland production of the vast oil resources we own, we would be less dependent on OPEC raising prices. It is amazing this single issue is still ignored 30 years after the first oil crisis!

Blame the environmentalists. The same people who blame the SUV's and progress in general. Novel idea? Or just common sense in a country that has become stupidified to the real issues of sovergnity? Importing oil from unstable suppliers is a threat to national security and our economic survival. The blame game ignores common sense economics.

[Buckeye McFrog]

I'm just glad that Bush went to Iraq to steal their oil.
We KNOW it was all about trading blood for cheap oil.
Certainly was a fiendeshly brilliant plan that is paying
huge dividends.
(more sarcasm)..........

[The Raven]

They are going DOWN here in TN !!!

[TheBattman]

Must be nice! Still on the rise here in Arkansas.

I figure that the distributors and dealers here have noticed that our prices are "below the national average" and decided that they would fix the inequity by raising our prices...