The nationwide average price at the pump shot up 10 cents last week to $3.02 a gallon, the most since mid-Aug. Gasoline prices have soared as refinery woes limit already tight supply and demand ramps up for the summer driving season. Gas futures rose 3.4% — 18.6% in April — to $2.4405. June gas closed nearly flat Mon. at $2.2594. June crude fell 75 cents to $65.71 a barrel.
The primary reason for this is a continued dwindling of gas stockpiles. Here is a chart of national gasoline inventory from the Energy Department's "This Week in Petroleum". Notice the clear downward trajectory over the last few months.
Here's a chart of gas prices from the same report.
Note that prices were about this high at the same time last year. However, this year is different because the US economy has had about a year of sub-par growth and a big housing slowdown. These two factors may have changed consumer perception to make the $3.00 prices feel more expensive this year and forcing consumers to slowdown their spending a bit more.
12 comments:
I'd be interested in seeing a graph of this year's gas stocks against last year's. The average range is nice, but when we're looking at last year's prices versus this year's, without knowing how abnormal or not last year's stocks were, it's difficult to judge quite how much trouble we're in. Are those numbers you have access to?
I don't know where TWiP is getting their numbers. My local prices are already 20 cents/gal higher than peaks reached last summer.
I believe the rising cost of gas is due to the fact that the minimum wages are to be increased in the coming years, with that in mind the government is trying to validate their reasoning by saying that war is the reason that the price is so high. Simple thought as follows: If gas prices were to drop, basic living expenses would drop, then the cost of living would go down, and with this happening people would be able to crawl out of debt, now the credit company's that thrive off interest would decrease profits and would cause a backlash that would make the economy thrive. If you think that the oil company's profits aren't sky-rocketing then your as blind as they come. Profit is nice when your living above means, but for us average joes this is a disturbing issue. If the gas and oil company's wanna be able to justify the high cost, then they should be held accountable for this and should be forced by law to transfer a majority of their profits to schools, hospitals, and medical research. So higher gas prices, higher cost of living and pay check to pay check needs to be addressed and not discarded.
I was told a story from a gentleman in his mid 60's one day, and he was telling me about what had happened to the mass transit system that was forced out of commission by one of the big 3 auto makers, and big oil, at one time across the country most major cities all ran on electric trolley cars, this was not a good thing for the auto maker, and big oil, electric which is a clean resource, would not make money for these company's. Votes were made and all the electric trolleys were taken down and bus's were put into place, thus creating profit for the auto maker and big oil. Now why would the country remove a clean source of transit, that now a days is a huge thing with "global warming" for a fossil fuel type? Makes no sense to me, but this happened, and now a days mass pollution is killing the environment. Thanks big oil.
I'm not a member of any kind of eco friendly groups, just a guy who's tired of high prices of everything.
I saw a senator from Washington debating the problems with gas prices. Her argument came down generally to the fact that the U.S. has regulatory authority, but the U.S. is not enforcing that regulatory authority on the oil industry. This is very similar to how the U.S. had regulatory authority over mortgage and security firms but failed to regulate and avoid the housing bubble that we are currently struggling with. I am all for enforcing government regulation in favor of taxpayers, especially since the oil corporations are quarter after quarter announcing record profits.
Noah at ShortOnChange.com
http://www.ShortOnChange.com
The sad part is that gas companies know that sooner or later every car owner will have to fill p their tank. When you have that kind of hold on a market you can charge what ever you want :(
There is one website called Getting Free Gas that will pay you up to $2,000 in free gas in exchnage for advertising space on your car! very cool idea...
It's time to fight back!
My Car Goes Farther!
If I had a product that you could put in your gas tank that would increase your mileage and save you money, would you be interested?
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Welcome to RoboJoe Industries. This material is highly sensitive and may be disturbing. In order to avoid an accident, please do not ...speed read.
To my friends, neighbors, colleagues, fellow Americans, and all good people of the civilized world. The "future" of our "history" is, now at "your" disposal! It's time to fight back!
If you are anything like me, you are, most likely, becoming quite disgusted about "EXXON" bragging about their tremendous profit margin every night on the evening news. Well, maybe not, ...if you're a stockholder. LOL "Live At Five," I hate that show ...'cause ...I always forget what time it comes on. Anyway, ...where do you think they get all that money? Whenever the price of gas goes up, their stock options always seem to follow proportionately.
Have you noticed this?
Do you think this is a coincidence?
So, ...they just keep raising the price of gas, and, they get richer and richer. And, in the meantime, we just keep getting poorer and poorer. Right? Especially, with the wars going on in Iraq and Afghanistan now, ...and, ...still in the wake of all the hurricanes, ...and taxes on the rise, ...and the unemployment rate going up, ...and social security running out, ...and, ...oh, ...I could just keep going on ...and on. And, by the way, if you might recall, weren't they the ones that had that little oil spill that killed off a whole lot of mother nature and became one of the worst man made disasters in the 20th century? We certainly do appear to have "some" control of our environment. We've gotten ...pretty good ...at ...showing our ability to wipe out many species of animals and ... to screw up our ecology beyond any repair.
Excuse me.
When you add the green house affect, global warming, changes in weather patterns, melting icebergs, depleting rain-forests, fires, floods, homocides, endangered species, inflation, crashing housing markets, big industry out-sourcing, a floundering economy, rising health care costs, road rage, terrorism, rising crime rates, domestic abuse, prison over-crowding, adultery, suicide, political corruption, a sky-rocketing divorce rate, depression, and The Jerry Springer Show to this ...ridiculous, ...hideous, ...polluted equation, ...make no mistake about it, ...our future does not look very appealing to our youth right now. You know, ...our children! Remember them? Whew! It's no wonder our kids have a tendancy to wander a little "off the path" these days. Have you been noticing ...the new fashion trends lately? Need I say more? LOL Well, ...I guess I'd rather be laughing than crying. Do you think this may even be starting to resemble ...all the "worst" parts ...of ...the Bible? You tell me.
But seriously folks, at this point, ...I'm pretty sure that we're all quite confident, ...that ...the worst ...is yet ...to come.
What do you think ...things are going to be like ...just three years from now if "this" keeps up?
What about ...when we can't grow food anymore?
It's time to fight back! And, call me a pessimist, but, sometimes ...I think ...it may already be too late.
You know, ...some people will actually drive up to 40 miles out of their way to shop at Walmart thinking that they might save a few bucks on sale items. They burn twice as much as what they save just in the gas that it takes to get there. Why? These are usually the same people who drive around looking for the cheapest gas they can find and impatiently wait in long lines at the pumps for the prospect of saving a few measly pennies per gallon because they are just so "offended" about the cost of gas. LOL ..."Too funny!" ...Lucy, ...you got some ...'splaining to do!
Ever see the movie "Mad Max"? How about "Soylent Green"? Get the picture? These were the predictions folks! Do you see any similarities in them with what we are facing today? Now, ...I'm not trying to play on your guilt or anything like that. I don't have to. You already damn well know ...you are just as guilty as I am! LOL
I mean, really! We're just ...talkin' here ...right?
Well, how would you like some "real" relief? Yeah? Are you ready?
Ya think?
Ok then! Here it comes. LOL
What if I told you that "now" there is a way you can increase your gas mileage at a cost of less than what you might be saving by penny pinching at the pump? "For real!" Would you be interested? I sorta' thought so. 'Cause I was! I do a lot of driving. And hey, what do you know, I shop at Walmart too! LOL Well, once in a while anyway. Actually, ...rarely ever. I hate shopping! I find it very dis-heartening to see the pain in the eyes of people who see what they want but cannot afford to buy it! The squeeze is on! Do you feel it?
Anyway, ...I guess that's why I'm talkin' to you. Folks this product is a hard sell just because nobody wants to believe it ...because it hasn't been taken over by big oil yet. In fact, ...this company just "won" a very major lawsuit provoked by big oil in Texas! If it had lost this lawsuit you would not be reading this article right now!
Do you understand this? Pssst! Mister! You! In the back! With the Tommy gun! Yes! I'm talking to "you"! Who ya gonna' delete today? LOL Well, ...I sure hope it's not me!
Ok, well, ...I guess this is the part where ....I'm supposed to .....introduce myself. (grin)
Hello, my name is Joseph J. Green. I am the owner of a company called RoboJoe Industries Major Appliance Repair Service.
How's that? (grin)
I am also a licensed distributor of Bio Petro Improver. Bio Petro Improver is a product that you drop into your fuel tank. It has been being used all over the world since 1989 in order to "off-set" the price of gas. The reason why you haven't heard of it yet is because you haven't needed it yet. Until now!
Yes! That's right!
The price of gas is one of the hottest issues in the USA now and Bio Petro Improver has fought the good fight (in a court of law) to make this product available to you!
And, ...here it is! This product is made up of two enzymes and a catalyst. It is guaranteed to be safe for any vehicle and is registered by the EPA. ISO 9000 lab test results, EPA emmissions test results, and a wide array of university testing facilities have now officially "proven" and documented that this product significantly increases gas mileage and lowers emissions! And, in fact, it has now been "proven" to be the "only" product that really "does" work by a facility called Wallace Laboratories! Ever heard of them? "Wallace Labs" folks! Well, ...okay then. LOL
Do you think that the price of gas will be coming down anytime soon? Now think!
And, even if someday, ...somehow, ...by some miracle, ...we become redeemed by not having to be ...milked ...at the pumps, don't you think that just the "environmental impact" alone of using this product makes it a worthy cause? Does anyone "really" care about "saving our planet"? Well, ...hell yes! I know I do. Don't "you"? I'm a grandpa now. I ""have"" to!
You can see certified documents on Bio Petro Improver along with the entire Bio Petro Improver company portfolio by clicking on the big "BLUE" link below. I must encourage you to get the facts! This is truly a significant movement in helping to save our environment and our money. In all honesty, I would never stake the reputation of my appliance repair company on this by connecting the names if I hadn't "actually" seen the results for myself.
If you're smart enough to be playin' with a computer, then, you're smart enough to be able to get the facts! Don't just take "my" word for it! See for yourself!! You don't have to be an expert in aero-space-dynamics or astro-physics to just ...scroll right on down there to the bottom of the page and click on that great big "BLUE" link down there!
Okay! So! How does it work? Well, ...it's called "enzyme technology"! Bio Petro Improver works in gasoline, diesel and fuel oil. It cleans the internal components of your motor and then it breaks down the combustible molocules of the fuel into smaller particles which, in turn, lowers the flash point and causes it to burn clean. It stretches the yeald of combustion of your fuel by "atomizing" the fuel more efficiently. Your motor runs cooler, cleaner, and burns your fuel more "completely". Bio Petro Improver comes in pills or powder. And, ....it smells great! Kind of like .....money! LOL
I have now experienced a "tremendous increase" in mileage, in a 1999 Buick Century with over 120,000 miles on it, by using this product, and, my motor runs quieter and smoother than it ever did without it, ...even when it was new! I've actually been running repair service out of "this" car for over 5 years now. Well, ...it's a good car. What can I say? LOL Anyway, I know what my car did "before" and "after" using this stuff! That's right! I'm telling you "it really freakin' works!" I have been testing this product for over 2 years in the same vehicle. It still runs beautifully and I've never had any problems with it. This stuff is cheap! It's easy to use! And, I save a lot of money on gas! Way more than enough to make it worth using! Now you can to!
Look! Why blow money out the tailpipe when you can burn it instead? Right? Save in the tank! Put your money in the bank! LOL How cheezy is that? LOL Well?
It's time to fight back!
People! This is a no brainer! LOL
And, ...by the way, ...Bio Petro Improver also offers a "top class" network marketing business opportunity. We are looking for more distributors. The amount of sales volume of this product is increasing at a "riveting" pace. I can tell you that, for me, and many others who are close to me, this company has completely changed our lives! It crushed every profit record margin ever set by any network marketing company in the entire world within the first 90 days of arriving here! You "don't" have to write a huge article ...like this one in order to make money with this company. All you need is a few friends and neighbors who might like to save money on their gasoline. When gas hits $5.00 per gallon, ...and it will, make no mistake about it, ...you are going to wish you were using this stuff! And, by then, ...you are going to be hearing about it by people who already have! Like me! LOL
"This campaign is the most valiant effort that I have ever personaly made toward any environmental cause! After 2 years of personally using BPI, I simply must recommend trying it for yourself."
It's time to fight back!
Folks, this "truly" is an emergency! Are we just going to sit back and watch the oil industry devastate the legacy of our children and our childrens' children or are we going to do something about this? "If we don't save ourselves from ourselves, ...someone else will." Do we really want ...that?
Think about it!
Now think some more!!
You all know what's going on here. Let's come together as one family and fight this thing. This is about the salvation of our future as "human beings" and as "Americans"!
This is not a fad or a gimmic! It's not just a passing phase! This is our "reality"! It's the wave of the future!
Do you want to be part of the wave of the future or do you want to just wave goodby to it?
You see?
This is "your" chance to fight back!
Now you can save on gas!
Save some money!
Save some dignity!
And, most importantly, ...you can help save our planet!
You are likely going to be seeing many articles and editorials on this subject in days and weeks to come. In fact, soon, you will likely be hearing about this by your very own neighbors. Keep in mind, in this case, it's all just a matter of opinion until you get all the facts. You don't know what you don't know until you "find out"! The best way to find out is to buy a bottle and check it out for yourself. There is a "world" of information available to you right here. Just click on the big "BLUE" link below.
There are conditioners. (bad) And there are additives. (good)
Bio Performance is a fuel "additive" and does not void "any" warrantees!
And, guess what folks! ....Yup! ....Exactly! ...It really freakin' works! That's right! Very good!! You got it!!! Pretty cool .....huh.
This product can be used in any oil based fuel application! Fuel oil furnaces, generators, lawn mowers, chainsaws, cars, trucks, 18 wheelers, tractors, combines, atvs, motorcycles, snowmobiles, recreational vehicles, water craft, airplanes, jets, missiles, rockets, spacecraft, flying saucers, and any other type of internal combustion application in which an oil based fuel is used except e-85! LOL Ok?
Now, ...think ...just as hard as you can!!!!
I say this with all due politeness and respect. If you are actually even remotely interested in learning the FACTS about any of this, please ..... CLICK on the big "BLUE" link below!
I thank you for taking the time to read "my" testimonial!
Buy a bottle and try it. Follow the instructions carefully. You will save on gas! If you like it, need a job, and want to become a distributor, contact me and I'll put you in the business. It's that simple!
This is the "BLUE" link that I told you about. "Please click here to get the facts!" Save on gas! This may be your last chance to help us "all"! Now! Go tell everybody before they tell you!
www.robojoe.mybpi.com
Thank you for taking the time to look at this. Seriously! Blessings to all of you who may, actually, .....you know, ......care.
If you would like to speak with me directly, you may call : 989-666-5023. Just ask for "Juk". Or, if you are more comfortable, you may e-mail me at:
RoboJoe1@peoplepc.com
Joseph "Juk" Green
RoboJoe Industries
www.upthemileage.com
And remember folks, "stay out of trouble"!
(Quote from Robo Cop.)
(Trying to be cute. LOL)
(Well, ...is it working?)
(Okay, ...well, maybe not.)
It's time to fight back!
Save on gas!
Well I have to say that after all my research I have found something that is really fixing my gas problem. Its called Ethos Affective its at http://ethosaffective.com and this stuff is great! If your having gas price problems like most of us are, then you need this stuff it fixed my gas tank and now I don't use much gas to drive to and from wherever I need to go. Check this stuff out.
The Real Current Price for Gas is actually around $1 a gal watch the vid and see why!
http://www.youtube.com/watch?v=-ad0se6c0FM
These gas prices have me tired. I have to drive 10 miles just to get to the nearest gas station, it's an area where gas is a necesity - I found a site that is offering a free $500 dollar gas card. I think i'll try and get an extra $500 bucks - my car is tired of running on low.....
Wanna double your miles per gallon without changing your car? Get the WATER HYBRID CONVERSION guide to learn how to convert your car into a water hybrid @ https://paydotcom.com/r/47165/sabre23/18066767
Tired of high gas prices? You are not alone! I watch the news every morning while drinking my coffee and it caught my eye that every day there is a report of the rising cost of fuel and its repercussions. Think about it, when gas prices rise, everything else we consume on a daily basis rises also. For instance, this time last year I was paying $1.99 a gallon for milk and now I am paying over $3.50!
One day I looked at my bank account and realized that I would not have enough money left after paying bills and buying groceries to get enough gas to get to work. I had to make a choice whether to buy milk or buy gas. It was then that I realized I was in a viscous circle with seemingly no way out.
Ever the optimist, I knew there just had to be a way out. I began my first garden ever and started making meals twice a week that did not contain meat. I constantly reminded my family to turn off the water while brushing their teeth and to take only 5 minute showers, we opened up the windows in the spring and put more clothes on in the winter to control our climate.
All of this served to save us money, but I was stuck as to how to save money on gas. Being in a rural area, we needed our SUV and our 4-wheel drive to make it home on our rough road, so buying a smaller car was not an option. I began researching homemade alternative fuels, but all I was able to find was plans for converting a diesel engine to run on vegetable oil. This sounded great, but I don't have a diesel engine!
Then I found water4gas. These guys figured out how to convert existing cars to actually run using water and baking soda! Well, I bought the book and my husband (reluctantly) made and installed the required components. The results? My 2000 Isuzu Rodeo went from 21 MPG to 34 MPG! We are now building a system for our truck and our RV. The water4gas guys left nothing out of their book and the system was easy to build, using components found in our local parts and hardware store!
The best part? They let you use the information any way you want! So if you are ambitious, you can start your own manufacturing and installation business or you can build components and just sell them on Ebay or around town. If you don't believe there is a market for them, just go to Ebay and enter the search term “hydrogen gas” and you'll see.
Here's the link http://townsend01.water4gas.hop.clickbank.net
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