Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I was just looking and gas prices in WV have increased from $2.85 on November 2 to $3.05 on November 7. I have looked at other surrounding states and seen increases but none as much. Kentucky and Ohio have jumps starting November 4, but are no where near as much. Coastal states such as Maryland, Virginia and North Carolina have had around a $.04 jump.
So why is WV gas going up so high so quick? Another 6 cents and we will be paying what Californians are paying. They are the highest next to Alsaska and Hawaii.
I am really getting tired of getting screwed by gas companies.
Tday's prices spikle with inventories mostly. But depending on where you live it can be higher because of mnay things from high cost due to local cost to do business at a station to smaller sales at the station. I bought gas today and it was 247.9 with my card discount of 3 cents a gallon.
The reason gas is going up is Ben Bernanke. Now maybe WV is jumping the gun quicker than other states (though I live on the border and right now we are lower than neighboring Ohio).
Ben is crushing the dollar which will only cause the price of energy to continue climbing. He (wrongly) believes a weak dollar will increase exports and cause businesses to hire. While it might temporarily help a few businesses other countries aren't just going to sit on their thumbs. They will make moves to offset the weak dollar. Businesses will also see their costs jump because of the higher energy costs and continue to put off hiring.
We need a strong dollar combined with a tax policy that rewards those who create things here and costs those who send jobs overseas. We need a tax policy that encourages bringing dollars back on shore as opposed to driving more offshore.
As long as Ben is doing the driving you are going to be paying more and more for it.
Last Wednesday, the Parkersburg area was at $2.81, Thursday morning the price jumped to $2.95, a 14 cent jump. Saturday morning, the price jumped to $3.09, another 14 cent jump. That's 28 cents in two days.
Gas Buddy shows $3.19 as the highest in WV.
I also blame the weaker dollar, caused by the Fed printing money out of thin air.
The reason gas is going up is Ben Bernanke. Now maybe WV is jumping the gun quicker than other states (though I live on the border and right now we are lower than neighboring Ohio).
Ben is crushing the dollar which will only cause the price of energy to continue climbing. He (wrongly) believes a weak dollar will increase exports and cause businesses to hire. While it might temporarily help a few businesses other countries aren't just going to sit on their thumbs. They will make moves to offset the weak dollar. Businesses will also see their costs jump because of the higher energy costs and continue to put off hiring.
We need a strong dollar combined with a tax policy that rewards those who create things here and costs those who send jobs overseas. We need a tax policy that encourages bringing dollars back on shore as opposed to driving more offshore.
As long as Ben is doing the driving you are going to be paying more and more for it.
I saw an article on the feds buying back bonds which is causing the dollar to get weaker and driving prices up. However, the article was written on November 7th and stated that we will "soon" see the proce of gas rise as the dollar value goes down. The rise in our area started on November 2nd and hasn't stopped since.
So are the gas companies foreseeing the future as raising early without justification just to make the extra buck?
I saw an article on the feds buying back bonds which is causing the dollar to get weaker and driving prices up. However, the article was written on November 7th and stated that we will "soon" see the proce of gas rise as the dollar value goes down. The rise in our area started on November 2nd and hasn't stopped since.
So are the gas companies foreseeing the future as raising early without justification just to make the extra buck?
No, the attack on the dollar started months ago. If I get the chance I'll try and find a chart later but it shouldn't be hard to find.
The Fed has been attacking the dollar for a long time with a corresponding rise in oil (and nearly all commodities).
If the speculators decide to really jump on, we'll be back up to $4.00 in no time. In a good news/bad news way, the bad economy is stopping them from doing that.
No matter what the graph says I stand by what I say. I have first hand knowledge.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
