gas prices have gone up significantly

reply to post by DaddyBare


If you read the latest news, you will find out that is absolutely no reason for the prices increases but speculators, and even that is a lame excuses, production is at an all high from the middle east, China has nothing to do with what the middle east and the wall market speculations does as they buy oil from Iran and Venezuela, US reserves are at capacity, the only reason for the price increases is because somebody in the US oil carter along with the middle east wants more money to squeeze from us, US is an oil producing nation is not reason why we should be paying what we pay for gas prices.

We got so much oil that we lease our shores and Alaska to foreign countries, so they can come back and sell it to us, now that should have you thinking about what Americas corporate owned government does for money at the expenses of tax payer.

10 Things You Need to Know About High Gas Prices and Obamas Oil Policy

Number 4 is quite interesting.

The Obama Administration Has Been Held in Contempt of Court: Federal District Court Judge Martin Feldman held the Obama Interior Department in contempt of court on February 2, 2011, for dismissively ignoring his ruling to cease the drilling moratorium which the judge had previously struck down as “arbitrary and capricious.” Judge Feldman has since given the Administration 30 days to act on permits it has needlessly and purposefully delayed saying inaction was “not a lawful option.”

Edit to add there are 9 other reasons listed in the link.

Ok, everyone seems to ignore, or forget that oil prices are based on futures, that's really it.
I think they forecast about 90-120 out.
As the ME continues to go up in flames, the price oil futures will continue to rise, and rise quickly.
Refined fuel prices are anywhere from 30-90 days behind oil futures.

Grab you butts, summer will be expensive.

I don't get how un-rest in LIBYA, of all places, effects global gas prices.

Oh wait, because the Americans are the only ones who will profit from it.

So, WHAT REALLY DOES effect the price of gas????

How does a crisis in LIBYA effect YOUR gas prices as much as a goddamn hurricane or oil spill in the Gulf of Mexico!? How are the two related?

I don't get it.

I live in Canada. I think we should shoot up a big wall along all sides, stop letting the U.S. dictate the price of everything just by flooding news stations with word that it is going to happen.

We don't need ANY imports in Canada. Why should we pay elevated prices for our own food and gas, because the U.S. says it's going to happen?

/rant.

Sorry.

Sounds like the US is catching up with the rest of us (as in the global we) in terms of fuel costs. The US dollar and the Oz dollar have parity right now and we are currently paying about $1.30/litre or more for standard 91 octane unleaded so the US gallon which is about 3.5 litres amounts to $4.55 or more in Oz right now. Diesel is even higher at around the $1.60/litre mark or $5.60/US gallon. Just imagine if you adopted the 4.54 litre gallon that just about everyone outside the US uses :O

Now we complain about it too but the fact is we're still getting it far cheaper than many other countries, Europe in particular. If you ditch the fuel guzzling V8 monsters in favour of lightweight vehicles achieving 40mpg or better for normal commuting (usually just the driver with his briefcase and lunch bag) it won't hurt nearly as much.