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Old 08-17-2012, 09:01 AM
 
Location: Northern MN
3,869 posts, read 15,175,499 times
Reputation: 3614

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Labor day weekend is just around the corner.
Fuel prices always creep just before a high demand weekend, or holiday.
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Old 08-17-2012, 04:59 PM
 
Location: Yucaipa, California
9,894 posts, read 22,033,646 times
Reputation: 6853
When the economy is good gas is high. Gas prices will continue to climb. How high is anyones guess. The oil companies are surely reaping the profits.
Oil rises; US considers release from reserves | ksl.com
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Old 08-17-2012, 07:32 PM
 
199 posts, read 301,049 times
Reputation: 143
Releasing the reserves won't do squat diddly.
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Old 08-18-2012, 08:00 AM
 
Location: Chicago
38,707 posts, read 103,233,018 times
Reputation: 29983
Quote:
Originally Posted by Peerless View Post
Releasing the reserves won't do squat diddly.
Now now, just because it won't do squat diddly doesn't mean a struggling incumbent president shouldn't try it anyway, coincidentally within weeks of the election...

Not to get too political in the Automotive thread, but let's be realistic about what any release from the strategic reserve at this particular point in time is really designed to accomplish.
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Old 08-18-2012, 06:00 PM
 
Location: Yucaipa, California
9,894 posts, read 22,033,646 times
Reputation: 6853
Releasing the reserves is just a temporary fix. From what i heard on the news is to expect gas to climb & the national avg should be $4.00 by labor day. Ca will be at least be $4.25 or higher. A qt of qs oil at auto zone is now $5.00. This is all just crazy.
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