Posted on 05/10/2006 8:51:30 AM PDT by LexHoskin
MAY. 10 10:59 A.M. ET Crude futures fell Wednesday after U.S. government data showed an increase in oil and gasoline supplies and higher refinery output.
Prices continued to be supported, however, by concerns about the outlook for Iran's oil exports amid the country's diplomatic confrontation with the West over its nuclear program. With global demand strong and the supply cushion thin, traders also remain worried about output losses in Nigeria, Iraq and the Gulf of Mexico.
Light, sweet crude for June delivery fell 64 cents to $70.05 a barrel on the New York Mercantile Exchange, where gasoline futures fell 1.66 cents to $2.03 a gallon.
(Excerpt) Read more at businessweek.com ...
Melt down their jewelry.
http://www.energy.ca.gov/gasoline/statistics/gas_taxes_by_state_2002.html
Geez, 4 octane ratings. One wonders what that costs to produce another gas to have an extra octane rating.
More like getting coffee for your pals & who gets cream, who gets sugar, who gets equal(yuk, metal taste), etc..
It's one of the many myths SneakyMan Inc. loves to let simmer.
It helps price support in general.
What part of "strategic" do you not understand???
Or were you just being sarcastic?
Clintooon opened and sold from the "strategic"(read--militarily strategic, vitally important) reserve, to score cheap political points, with the cheap, shallow, ignorant electorate. Then Bush caught flack for slowly, methodically working at REPLACING the oil, at what turns out to be bargain prices, compared to today! Score one for Bush & Co. Wiser heads than the previous Admin., in this regard, at the very least...
While I'm at it, I'll bring up once again the corrupt appearing sale of the Elk Hills Petroleum Reserve to Occidental Petroleum in the last waning traitorous days, of the Bent One's "presidency". It went by sealed bid. We were all SUPPOSSED to be able to find out what the final sale price was, after the bid was accepted. That's what the Traitor-In-Chief promised... But we never heard what the deal really was.
So please, in light of what this Nation of ours is facing today, in a strategic sense, and could well be facing more, & worse of, in the future, don't even TALK about breaking into reserve supplies!!! What are you, some sort of shallow ignorant live-for-today easy life, liberal democrat? If so--then Good God, man! Pull your head out!
Not exactly a buyers market, for the time being.
Never thought I'd be missing the days of $50 bbl. (do I hear $35? no? $37? no...$39---we'll take it!)
"For whatever reasons."
Mostly political, I bet. And temporary and a drop in the bucket. Still, it sounds good on the evening news and on the investment shows.
And all the gas in my area went up 22 cents a gal. today.
Yeah, I know. This post is dated, too. Wait a day or two and prices will change; usually higher.
"We're still payin' through the nose.
And figure this: for every gas tank fill-up (20 gallons),
we are paying about 10 dollars ($10.00) of tax."
Yep, and with the fear premium of $15 a barrel, another 8 bucks goes to the speculators.
I'm drawing now from my personal strategic reserve layed in about a month ago. I expect it to last until some time in August.
Expecting the gov't to do something for you? How much gov't do you want?
Just stating a fact. Bush ordered that no more oil be diverted to the SPR.
So, then, why did the price of gas at my station jump fourteen cents over the last ten days?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.