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Prices are now up more than 60 cents since late January due to refinery outages.
(CNN) -- Gas prices jumped more than 18 cents over the past two weeks to a national average of $2.79 a gallon of self-serve regular, a national survey said Sunday.
That marks a rise of 60 cents since late January, said Trilby Lundberg, publisher of the "Lundberg Survey," which tallies prices every two to three weeks at about 5,000 gas stations.
I don't believe there are refinery problems. The oil companies are gouging us again. Next January, we'll see reports of how 2007 was the most profitable year ever for companies like Exxon and Shell.
It's all demand driven. China and India are booming. That is not going to stop in the near future. Add on that instability in the Middle East (all that "freedom on the march"), refiner problems, and seasonal demand shifts you are going to see prices go higher and higher.
But don't worry about that. Keep buying SUV's, buying McMansions 30+ miles from work, and discounting public transit.
I don't believe there are refinery problems. The oil companies are gouging us again. Next January, we'll see reports of how 2007 was the most profitable year ever for companies like Exxon and Shell.
low and behold Im actually starting to believe this myself.Government could help out by lowering taxes on gasoline also...but when pigs fly.
I must say I wouldn't be surprised though that true indeed we do hear about record profits latter on.....
It time we had an investigation into the obscene profits the federal and state governments are making on each gallon of gas! I just filled up my truck & out $89.63 , $11.48 went to the governtment! Now THAT is price gouging!!http://www.lmoga.com/taxrates.htm (broken link)
Last edited by silas777; 04-24-2007 at 10:31 PM..
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