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Old 05-04-2015, 06:33 AM
 
Location: Kentucky Bluegrass
28,892 posts, read 30,266,067 times
Reputation: 19097

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Does anyone know what is up with the rise in gas prices again????

3 weeks ago, the news was reporting that gas prices were going to stay pretty moderate, and I thought, yeah right, they always raise prices in the summer, b/c they know people travel more....what a joke....

It went up 10 cents and more since last week!!!!!!

All to pay their CEO's astronomical bonuses.....

Sick to death of this.....
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Old 05-04-2015, 06:36 AM
 
79,907 posts, read 44,191,640 times
Reputation: 17209
Ceo's don't set the prices.

This has been happening for a long time now. Up 10 cents, down 15 up 8, down 4 up 15.

The uncertainty is bad for the economy and something that could be fixed but won't be.

Last edited by pknopp; 05-04-2015 at 06:47 AM..
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Old 05-04-2015, 06:45 AM
 
Location: Portland, Oregon
46,001 posts, read 35,176,592 times
Reputation: 7875
Because the cost of crude oil has gone up, but this article answers your question in more detail.
Gas prices moving in parallel to crude oil - UPI.com
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Old 05-04-2015, 08:14 AM
 
Location: Pacific NW
9,437 posts, read 7,368,395 times
Reputation: 7979
Quote:
Originally Posted by cremebrulee View Post
All to pay their CEO's astronomical bonuses.....

Sick to death of this.....
You do know that government makes more money off a gallon of gas than the oil companies do, right? It isn't "all to pay the CEO's" when Big Brother makes 7-8x as much as the oil companies.
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Old 05-04-2015, 08:14 AM
 
Location: NJ/NY
18,467 posts, read 15,247,690 times
Reputation: 14335
Oil prices have gone up considerably in the last month. Plus, they had to switch to the summer blend.
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Old 05-04-2015, 08:20 AM
 
Location: Inyokern, CA
1,609 posts, read 1,079,157 times
Reputation: 549
Quote:
Originally Posted by cremebrulee View Post
Does anyone know what is up with the rise in gas prices again????

3 weeks ago, the news was reporting that gas prices were going to stay pretty moderate, and I thought, yeah right, they always raise prices in the summer, b/c they know people travel more....what a joke....

It went up 10 cents and more since last week!!!!!!

All to pay their CEO's astronomical bonuses.....

Sick to death of this.....
In my State of California, gas prices have increased "because" Governor Brown (D) and our unbelievable stupid Democrat-majority institution in Sacrament thought they could just slap through an increase in the "tax" and people would not object since they would never see the decrease in price. It is the government that is causing prices to increase from many, many avenues coming down on the heads of businesses.
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Old 05-04-2015, 08:24 AM
 
19,573 posts, read 8,518,202 times
Reputation: 10096
Obama.
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Old 05-04-2015, 08:31 AM
 
2,345 posts, read 1,670,247 times
Reputation: 779
Quote:
Originally Posted by AnesthesiaMD View Post
Oil prices have gone up considerably in the last month. Plus, they had to switch to the summer blend.

Then why all the BS about USA Oil reserves are NOW Plenty-Full, etc. Reports that America has more than enough....and don't need to depend on foreign Oil Crude, or their manipulation of prices.

Answer that??!!
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Old 05-04-2015, 08:36 AM
 
79,907 posts, read 44,191,640 times
Reputation: 17209
There was a glut of oil when it was at $145. Tankers were sitting idle full of oil.

Fundamentals play little role in prices any longer.
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Old 05-04-2015, 08:47 AM
 
4,288 posts, read 2,059,226 times
Reputation: 2815
Maybe prices went down and then demand went up so prices are moving up again.
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