How soon are we going to see $4.00 + gas again? (gas prices, gallon, gasoline)
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Gas is up here .40 - .50 this past week. What's going on, another refinery down?
have you not heard? the election is over and pbo doesnt want americans to drive any bad PU trucks or SUV's. he wants everyone to buy a really expensive volt or some other piece of junk.
Yes of course we will. Oil prices are on the rise and inflation will kick in. Couple that with higher taxes and higher health insurance costs and you have a recipe for wonderful economic success in 2013!
Yes of course we will. Oil prices are on the rise and inflation will kick in. Couple that with higher taxes and higher health insurance costs and you have a recipe for wonderful economic success in 2013!
wait until hyper-inflation hits. then people can pay off those 300k homes with 1 paycheck.
There are three reasons for the spike, say analysts:
1) Higher crude prices. This rise, especially overseas, has pushed up prices at the pump... This year oil prices are rising with expectations that the global economy will continue to improve...
2) Seasonal changes. Refineries usually shut down for maintenance in late winter, temporarily reducing gas supplies. As per federal requirements, refineries also begin transitioning at this time of year to summer blend gasoline – a more environmentally-friendly, and expensive, blend to produce. This reduces current winter blend gas supplies
3) Financial market speculation. In addition, the rally has been driven by earlier-than-usual speculation that demand for oil will rise, further inflating prices, says Mr. Kloza. In a recent Commodity Futures Trading Commission report, Kloza said he calculated that there is about $45 billion more bet on higher petroleum futures than on lower ones. In other words, more traders expect oil prices to rise in the future than to fall, an expectation that causes oil producers to horde oil in the hopes they can sell it at higher prices later on. That dries up current supplies and translates to higher prices at the pump, which Kloza says we’re already seeing.
Supposedly this new increase is due to the refineries changing over to the summer blend of gasoline. Of course it's all hogwash. High prices are caused by GREED. Gasoline could be 99 cents a gallon and the oil companies would still make billions.
Yes of course we will. Oil prices are on the rise and inflation will kick in. Couple that with higher taxes and higher health insurance costs and you have a recipe for wonderful economic success in 2013!
"Inflation won't happen because it hasn't happened yeh." -Liberals
The reality: Just as soon as big oil can arrange it.
The psycho right wing response: "Obama's telling Exxon-Mobil how much to charge us for gas!"
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How soon are we going to see $4.00 + gas again?
