State gasoline price passes $3 mark again

[petegz28]

State gasoline price passes $3 mark again

(06-15) 18:20 PDT -- Just in time for summer, $3 gas is back.

California's average price for a gallon of regular gasoline topped $3 Monday for the first time since last fall, driven higher by a rally in the market for crude oil. Just one month ago, Californians paid $2.52 per gallon, according to the AAA auto club.


http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/06/16/BAQ9187O4S.DTL




I thought Obama was supposed to fix this?

[HonestChieffan]

He will blame speculators and assume control of the Chicago Mercantile and Chicago Board of Trade.

[KC native]

:rolleyes:

Just how is he supposed to fix it? The futures markets are being gamed. Firms like GS and MS are buying oil spot (cheaply bc there is a glut) and then parking it in tankers in port in the hope that the price goes up later this year. There is a lack of storage space right now and we are seeing reduced demand worldwide but the price continues to rise.

[BucEyedPea]

Time to pay for the surge in Afghanistan now.

[petegz28]

:rolleyes:

Just how is he supposed to fix it? The futures markets are being gamed. Firms like GS and MS are buying oil spot (cheaply bc there is a glut) and then parking it in tankers in port in the hope that the price goes up later this year. There is a lack of storage space right now and we are seeing reduced demand worldwide but the price continues to rise.

I know this. But that is not what the masses think. They think God, I mean Obama is going to make gas cheap, housing cheap, healthcare cheap, food cheap, ..everything cheap!

[wild1]

"... the gas guzzlers we inherited from the previous administration"

[KC native]

I know this. But that is not what the masses think. They think God, I mean Obama is going to make gas cheap, housing cheap, healthcare cheap, food cheap, ..everything cheap!

Wow, do you honestly believe you're a moderate?

[Garcia Bronco]

And yet at it's peak, crude oil futures are about half.

[petegz28]

Wow, do you honestly believe you're a moderate?

I am a right leaning moderate. What does that have to do with my post though?

[petegz28]

And yet at it's peak, crude oil futures are about half.

Gas futures were up the last 49 days straight. Not sure what they did today?

[Guru]

State gasoline price passes $3 mark again

(06-15) 18:20 PDT -- Just in time for summer, $3 gas is back.

California's average price for a gallon of regular gasoline topped $3 Monday for the first time since last fall, driven higher by a rally in the market for crude oil. Just one month ago, Californians paid $2.52 per gallon, according to the AAA auto club.


http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/06/16/BAQ9187O4S.DTL




I thought Obama was supposed to fix this?Obama thinks high gas prices are good for America. He said so during his campaign

[Radar Chief]

Obama thinks high gas prices are good for America. He said so during his campaign

Helps keep us commoners at home, where we belong. ;)

[HonestChieffan]

Its good to create a crisis. He will create one arounf futur3es trading and will attempt to reduce agriculture to a state run enterprise. Say yes to collectives and down with the speculators.

[KC native]

I am a right leaning moderate. What does that have to do with my post though?

It's the way you present yourself and I wouldn't characterize you as a moderate in any way. I would say you're more of a traditional rightie (before the radicals took over).

[Guru]

Helps keep us commoners at home, where we belong. ;)Hell, we spend more time at home than ever before. Its just not worth it to go out on the town these days. I save that money for our yearly vacation now.

This is why video game and DVD/BD sales are higher than ever. People are getting their entertainment at home. Which is exactly the opposite of what people should be doing.

[petegz28]

It's the way you present yourself and I wouldn't characterize you as a moderate in any way. I would say you're more of a traditional rightie (before the radicals took over).

Meh...I am pro-gay marriage....not as hell bent about abortion though I frown on it...there have been several times I have been called a liberal on here for my stance on certain issues.

[SBK]

Obama and his oil exec friends are robbing the future of Amerikka!!!

[KC native]

Its good to create a crisis. He will create one arounf futur3es trading and will attempt to reduce agriculture to a state run enterprise. Say yes to collectives and down with the speculators.

Haven't you learned that you don't know jack shit about markets and are way out of your league when discussing these matters.

If you had any idea of how futures markets worked and how their composition has changed over the last 15 years you wouldn't say that he is going to create a crisis. There is already one.

Commodity futures markets were created to hedge price risk and provide a method for those who deal with the underlying commodity to sell. When the futures markets functioned properly the spot price drove futures' prices and now it's the other way around. The composition of the futures markets has changed vastly as well. They used to be a primarily people who had an economic interest with the underlying asset and now they are primarily speculators (note I didn't say speculators are bad).

[Radar Chief]

Hell, we spend more time at home than ever before. Its just not worth it to go out on the town these days. I save that money for our yearly vacation now.

This is why video game and DVD/BD sales are higher than ever. People are getting their entertainment at home. Which is exactly the opposite of what people should be doing.

Agreed. Everyone seems to forget that what kicked off the domino effect of financial collapse was the ridiculous spike in gas prices last summer.
Hell, the company I work for is still smarting from that one. None of the police departments are buying new equipment, they’re holding onto their budget money to see what gas prices do. At the end of last summer many of them ended up having to lay off officers because budget money was spent on gas for squad cars. They don’t want to repeat that mistake and end up having to lay officers off again so they're being tight with their money.

[BucEyedPea]

Agreed. Everyone seems to forget that what kicked off the domino effect of financial collapse was the ridiculous spike in gas prices last summer.
That's cause the dollar weakened. That makes imports more expensive. And that weakened dollar was caused by financial policy. The financial policy affects prices. And the financial policy makes it possible for politicians to spend on their fave programs....including war.

[HonestChieffan]

Haven't you learned that you don't know jack shit about markets and are way out of your league when discussing these matters.

If you had any idea of how futures markets worked and how their composition has changed over the last 15 years you wouldn't say that he is going to create a crisis. There is already one.

Commodity futures markets were created to hedge price risk and provide a method for those who deal with the underlying commodity to sell. When the futures markets functioned properly the spot price drove futures' prices and now it's the other way around. The composition of the futures markets has changed vastly as well. They used to be a primarily people who had an economic interest with the underlying asset and now they are primarily speculators (note I didn't say speculators are bad).

If you had one clue on the commodities business you would be well ahead of where you are now.

[irishjayhawk]

Lookie here, Pete being a moderate.

[irishjayhawk]

Wow, do you honestly believe you're a moderate?

ROFL

Beat me to it.

[petegz28]

Some seem to have an opinion (Irishjayhawk) that being moderate=supporting Obama and nothing else.

Yes, I used referred to the instance of a Newsweek reporter calling Obama "God" and several Obama supporters who swore he was going to make everything better.

Seems to me as with most on the Right and most of the Left do not know what moderate is and are afraid of it.

[Stewie]

Haven't you learned that you don't know jack shit about markets and are way out of your league when discussing these matters.

If you had any idea of how futures markets worked and how their composition has changed over the last 15 years you wouldn't say that he is going to create a crisis. There is already one.

Commodity futures markets were created to hedge price risk and provide a method for those who deal with the underlying commodity to sell. When the futures markets functioned properly the spot price drove futures' prices and now it's the other way around. The composition of the futures markets has changed vastly as well. They used to be a primarily people who had an economic interest with the underlying asset and now they are primarily speculators (note I didn't say speculators are bad).

You're a moron. Futures markets are contracts between two players. It's ALWAYS been speculation and has NEVER had anything to do with spot price. They're called FUTURES because you're gambling on the price rising or falling in THE FUTURE.

[irishjayhawk]

Some seem to have an opinion (Irishjayhawk) that being moderate=supporting Obama and nothing else.

Yes, I used referred to the instance of a Newsweek reporter calling Obama "God" and several Obama supporters who swore he was going to make everything better.

Seems to me as with most on the Right, most of the Left do not know what moderate is and are afraid of it.

ROFLROFLROFLROFLROFLROFLROFLROFLROFLROFL

You apparently don't know what being moderate is.

[petegz28]

You're a moron. Futures markets are contracts between two players. It's ALWAYS been speculation and has NEVER had anything to do with spot price. They're called FUTURES because you're gambling on the price rising or falling in THE FUTURE.

Futures markets are commonly used to hedge against purchases or sales at the spot price. That was the original intention of their use.

[petegz28]

ROFLROFLROFLROFLROFLROFLROFLROFLROFLROFL

You apparently don't know what being moderate is.

Why don't you explain it to me then?

[Stewie]

Futures markets are commonly used to hedge against purchases or sales at the spot price. That was the original intention of their use.

This is wrong. Futures guarantee a price in the future if you own the commodity. It has nothing to do with spot price.

[petegz28]

This is wrong. Futures guarantee a price in the future if you own the commodity. It has nothing to do with spot price.

No, that is not wrong. You are out there if you don't understand that. It has everything to do with the spot price as well as future price. Go talk to someone who actually works for say an oil company whose job it is to buy\sell futures to protect the company on their sales at the SPOT PRICE. I think you need to take Futres 101 or something.

example of how futures are used in conjunction with spot price....

Spot Price of Gold=$950
Futures Contract on Gold= $952


I buy x amount of gold at $950 ..I sell a Futres Contract at $952 thus the hedge.

[Chief Henry]

Obama and his oil exec friends are robbing the future of Amerikka!!!

Obama loves BIG OIL...

[irishjayhawk]

Why don't you explain it to me then?

Not you. Or, Kotter, as it were. Incidentally, it seems you might just be a long standing Kotter persona.

But for an actual definition, I would say that a moderate is even-handed, bi-partisan and anti-sensationalist. A moderate often sees both sides of an issue. For example, why Obama hasn't come out and endorsed the Revolution outright. In other words, moderates often understand nuance much better than those further out.

None of those describe you. In fact, some are the exact opposite of your posting tendencies.



Also, can you point to where I said "moderate = only pro-Obama"?

[Stewie]

No, that is not wrong. You are out there if you don't understand that. It has everything to do with the spot price. Go talk to someone who actually works for say an oil company whose job it is to buy\sell futures to protect the company on their sales at the SPOT PRICE. I think you need to take Futres 101 or something.

You are VERY confused. Very few companies sell into the spot market. There are exceptions, but most production is sold forward.

Futures are a hedge for producers. It guarantees price in the future. If you're a futures player (investor/speculator) you'd better be right or you can get burned or worse. A futures contract has two gamblers. One says the price is going up, the other says the price is going down. It's a zero sum game.

[petegz28]

Not you. Or, Kotter, as it were. Incidentally, it seems you might just be a long standing Kotter persona.

But for an actual definition, I would say that a moderate is even-handed, bi-partisan and anti-sensationalist. A moderate often sees both sides of an issue. For example, why Obama hasn't come out and endorsed the Revolution outright. In other words, moderates often understand nuance much better than those further out.

None of those describe you. In fact, some are the exact opposite of your posting tendencies.



Also, can you point to where I said "moderate = only pro-Obama"?


Seems anytime I slam Obama you are there to chide me as being partisan. Thus the implication.

I have supported both sides on several issues. If you had paid more attention in this forum you would know this. I have several times been on the side of Banyon for example only to be slammed by Patteeu and SaulGood among others. And vice-versa.

But you continue on with your rambling BS.....you have not a clue.

And your hwole "not you or Kotter" reply is about as stupid as it gets. Then again you think a little much of yourself.

[petegz28]

You are VERY confused. Very few companies sell into the spot market. There are exceptions, but most production is sold forward.

Futures are a hedge for producers. It guarantees price in the future. If you're futures player (investor/speculator) you'd better be right or you can get burned or worse. A futures contract has two gamblers. One says the price is going up, the other says the price is going down. It's a zero sum game.

And as I said in my first post which you just agreed with.."that was their original intent".

I've traded futures, I know all about the speculation side of it. And to say a futures contract is between "two gamblers" is just idiotic.

[Stewie]

No, that is not wrong. You are out there if you don't understand that. It has everything to do with the spot price as well as future price. Go talk to someone who actually works for say an oil company whose job it is to buy\sell futures to protect the company on their sales at the SPOT PRICE. I think you need to take Futres 101 or something.

example of how futures are used in conjunction with spot price....

Spot Price of Gold=$950
Futures Contract on Gold= $952


I buy x amount of gold at $950 ..I sell a Futres Contract at $952 thus the hedge.

My point exactly. Someone took the other side of the $952 bet. You're not someone mining gold, or in other areas, growing soybeans. It's a much different game for producers. For a non-producer/investor/speculator to play the futures in your example is stupid.

[petegz28]

My point exactly. Someone took the other side of the $952 bet. You're not someone mining gold, or in other areas, growing soybeans. It's a much different game for producers. For a non-producer/investor/speculator to play the futures in your example is stupid.

"Someone" doesn't mean it is a speculator by default. Again you have, for the second time now, proved the point I made when you started saying I was wrong. You said I was wrong and in your lasts two posts and just said I was right. Slow down and read a little more carefully.

And no it is not stupid for non-producers. What about re-sellers, etc, etc, etc? Where did you learn about the futures market? You seem to want to cast everyone invovled as a daytrader. And that is not the case.

[Stewie]

And as I said in my first post which you just agreed with.."that was their original intent".

I've traded futures, I know all about the speculation side of it. And to say a futures contract is between "two gamblers" is just idiotic.

Bullshit! You buy a contract and someone takes the other side of the bet. How is that not gambling? Non-producers are gambling in every contract they enter into. Producers OWN the commodity, they're locking in price. It's a huge distinction.

[KC native]

My point exactly. Someone took the other side of the $952 bet. You're not someone mining gold, or in other areas, growing soybeans. It's a much different game for producers. For a non-producer/investor/speculator to play the futures in your example is stupid.

Um, you are assuming that's their only play. There are several strategies that don't involve holding until expiry (if there is backwardation you can have a positive roll yield for example).

Firms all over the world trade futures. Are you saying they are stupid for doing so? Beyond that there are futures on more than just commodities. I strongly suggest you check out some futures material and history because you are as wrong as you can be wrt futures.

[KC native]

Bullshit! You buy a contract and someone takes the other side of the bet. How is that not gambling? Non-producers are gambling in every contract they enter into. Producers OWN the commodity, they're locking in price. It's a huge distinction.

Um, there aren't perfect hedges for everything. They could be hedging something else or looking to isolate risks in their overall portfolio by engaging in futures transactions.

[HonestChieffan]

Bullshit! You buy a contract and someone takes the other side of the bet. How is that not gambling? Non-producers are gambling in every contract they enter into. Producers OWN the commodity, they're locking in price. It's a huge distinction.

You are arguing futures trading and its reason for being with a guy who sells annuitities and Mutual Funds. Think about that.

[KC native]

You are arguing futures trading and its reason for being with a guy who sells annuitities and Mutual Funds. Think about that.

I don't sell anything jackass.

[petegz28]

Bullshit! You buy a contract and someone takes the other side of the bet. How is that not gambling? Non-producers are gambling in every contract they enter into. Producers OWN the commodity, they're locking in price. It's a huge distinction.

Oh fuck dude, I think you are beyond education on this.

The producer sells a Gold contract at $952 to cover the risk of loss and possibly insure a small profit. I buy that contract as let's say a Jewler so I can guarantee a certain cost on my materials allowing me to better manage my costs and such.

Now that is a very, VERY basic example as there would be more too it. But that is just to show that 2 parties can be involved for reasons other than pure speculation.

[Stewie]

Um, there aren't perfect hedges for everything. They could be hedging something else or looking to isolate risks in their overall portfolio by engaging in futures transactions.

My point is that there seems to be an understanding that the futures market is the same for all players. That is absolutely false. Someone who actually owns the underlying commodity transacts futures for a completely different reason than a speculator.

Producing Futures player = Lock price

Investor playing futures markets = Gambling on price up or down. Someone takes the other side of the bet. There's one winner and one loser.

[Stewie]

Oh **** dude, I think you are beyond education on this.

The producer sells a Gold contract at $952 to cover the risk of loss and possibly insure a small profit. I buy that contract as let's say a Jewler so I can guarantee a certain cost on my materials allowing me to better manage my costs and such.

Now that is a very, VERY basic example as there would be more too it. But that is just to show that 2 parties can be involved for reasons other than pure speculation.

Your example of the jeweler is pure gambling against the other side of the contract. It's not a hedge, it's hope that the jeweler thinks he's right.

[KC native]

My point is that there seems to be an understanding that the futures market is the same for all players. That is absolutely false. Someone who actually owns the underlying commodity transacts futures for a completely different reason than a speculator.

Producing Futures player = Lock price

Investor playing futures markets = Gambling on price up or down. Someone takes the other side of the bet. There's one winner and one loser.

Your example of the jeweler is pure gambling against the other side of the contract. It's not a hedge, it's hope.

You should really read more about futures because you are way off base. Buying one contract at a strike price is gambling. Having a stated strategy and employing it in the futures market is not. BTW everyone that takes a position without the underlying commodity isn't a speculator.

[petegz28]

Your example of the jeweler is pure gambling against the other side of the contract. It's not a hedge, it's hope that the jeweler thinks he's right.

No it is not. JFC, where did you learn this shit? If the trend of Gold is going up why would I not buy a Futures Contract to lock in a price and thus negate myself having to pay higher costs for my materials?

I mean, using your logic, anyone who is in ****ing business is nothing but a speculator. You are wrong. You have no ****ing clue of what you are talking about. Your logic is to manage business costs on the fly and that is just stupid.

Fuck, if you want to get down to it....

If I am the Jewler I buy the $952 futures contract then buy a Put option at $950 (2 points out of the money) thus guaranteeing my costs and reducing my risk of loss to $2. And that is still pretty basic.

[Stewie]

You should really read more about futures because you are way off base. Buying one contract at a strike price is gambling. Having a stated strategy and employing it in the futures market is not. BTW everyone that takes a position without the underlying commodity isn't a speculator.

Good lord. What strategy? Hedging hedges? You spread out enough bets across the board that it looks like you know what you're doing? And how is someone who doesn't have the commodity to sell not speculating? You have nothing other than a contract, win or lose.

[mlyonsd]

I thought Obama was supposed to fix this?

Obama actually wants you to pay more than that. It helps him push his energy agenda.

[KC native]

Good lord. What strategy? Hedging hedges? You spread out enough bets across the board that it looks like you know what you're doing? And how is someone who doesn't have the commodity to sell not speculating? You have nothing other than a contract, win or lose.

Wrong. You are assuming they only buy one contract. There are strategies to scalp volatility, bring in premium, etc. There are really too many to list. You should educate yourself because you are way off base.

[Stewie]

No it is not. JFC, where did you learn this shit? If the trend of Gold is going up why would I not buy a Futures Contract to lock in a price and thus negate myself having to pay higher costs for my materials?

I mean, using your logic, anyone who is in ****ing business is nothing but a speculator. You are wrong. You have no ****ing clue of what you are talking about. Your logic is to manage business costs on the fly and that is just stupid.

Who says the price of gold is going up? Is this a given? Nope, it's a guess on the jewelers part and someone else took the other side of the bet. It's pretty simple, really.

[petegz28]

Who says the price of gold is going up? Is this a given? Nope, it's a guess on the jewelers part and someone else took the other side of the bet. It's pretty simple, really.

Thus in my example of buying the Put option. Perhaps you missed my edit?

The only thing close to simple here is the simeplton you are being. You obviously have no understanding at all as to how the financial markets are used to lock in price and hedge against loss. You been watching too much CNBC.

[Stewie]

Wrong. You are assuming they only buy one contract. There are strategies to scalp volatility, bring in premium, etc. There are really too many to list. You should educate yourself because you are way off base.

Buy a million contracts if you want. You need to read "When Genius Failed." It's a great book on how "scalp volatility, bring in premium" is a fallacy. That's the reason this whole economy is in the tank. It's wrong and works until it blows everything up.

[petegz28]

Buy a million contracts if you want. You need to read "When Genius Failed." It's a great book on how "scalp volatility, bring in premium" is a fallacy. That's the reason this whole economy is in the tank. It's wrong and works until it blows everything up.

You're hopeless. He was pointing out a few aspect. You on the other hand are trying to paind everyone as a speculator in the game for profit via pure specualtion. In which case that would be anyone who is in business for that matter.

[Saul Good]

Who says the price of gold is going up? Is this a given? Nope, it's a guess on the jewelers part and someone else took the other side of the bet. It's pretty simple, really.

Stewie, I think you're off the mark with the jeweler analogy. The jeweler is the end user. What he is doing in this scenario is the opposite of gambling. It's similar to buying an insurance policy.

The jeweler isn't gambling that the price of gold will increase. He's taking the risk/reward out of play. A homeowner who buys insurance isn't gambling that his home burns down. He is willing to pay a known amount now in order to avoid having to pay a potentially larger amount later. If the money is wasted because the insurance is never needed, so be it.

[irishjayhawk]

Seems anytime I slam Obama you are there to chide me as being partisan. Thus the implication.

I am. Because I've seen nothing from you but slammings of Obama regardless of the thread content. This time gas prices.


I have supported both sides on several issues. If you had paid more attention in this forum you would know this. I have several times been on the side of Banyon for example only to be slammed by Patteeu and SaulGood among others. And vice-versa.

I'm serious, are you Kotter?


But you continue on with your rambling BS.....you have not a clue.

And your hwole "not you or Kotter" reply is about as stupid as it gets. Then again you think a little much of yourself.

I don't really understand how that is thinking high of myself. I'm just pointing out your non-moderate stances yet claim to be moderate.

[Saul Good]

I am. Because I've seen nothing from you but slammings of Obama regardless of the thread content. This time gas prices.



I'm serious, are you Kotter?



I don't really understand how that is thinking high of myself. I'm just pointing out your non-moderate stances yet claim to be moderate.

IJ, your definition of moderate earlier in the thread shows that you have no idea what you are talking about. Your definition was basically someone who has no strong opinions either way. That doesn't make you a moderate. It makes you an idiot.

A moderate is someone who might side with one group on issue "A" and another group on issue "B". Pete is a right-leaning moderate. As he mentioned earlier, I have blasted his liberal views plenty of times when the situations arose.

I am a pretty staunch conservative, but I still stray from the reservation when it comes to things like the legalization of drugs and gay marriage. Pete is well to the left of me from an ideological standpoint, but that doesn't mean that all of his views are at the top of the bell curve. It just means that he has enough views on either side of center to make him a moderate.

[BucEyedPea]

IJ, your definition of moderate earlier in the thread shows that you have no idea what you are talking about. Your definition was basically someone who has no strong opinions either way. That doesn't make you a moderate. It makes you an idiot.
Good way of putting it. Irish thinks he's a moderate btw. :doh!:

[banyon]

That's cause the dollar weakened. That makes imports more expensive. And that weakened dollar was caused by financial policy. The financial policy affects prices. And the financial policy makes it possible for politicians to spend on their fave programs....including war.

No, oil went up against a bundle of currencies, not just the dollar.

[Saul Good]

Good way of putting it. Irish thinks he's a moderate btw. :doh!:

Yep. He and jAZ both really straddle the center of the aisle.

[irishjayhawk]

IJ, your definition of moderate earlier in the thread shows that you have no idea what you are talking about. Your definition was basically someone who has no strong opinions either way. That doesn't make you a moderate. It makes you an idiot.

That's not what I said. Someone who sees both sides or nuance isn't necessarily not taking an opinion one way or the other.

A moderate is someone who might side with one group on issue "A" and another group on issue "B". Pete is a right-leaning moderate. As he mentioned earlier, I have blasted his liberal views plenty of times when the situations arose.

Correct. He might be both sides at once. I thought I made that inherently clear. I was mistaken.


I am a pretty staunch conservative, but I still stray from the reservation when it comes to things like the legalization of drugs and gay marriage. Pete is well to the left of me from an ideological standpoint, but that doesn't mean that all of his views are at the top of the bell curve. It just means that he has enough views on either side of center to make him a moderate.

Perhaps, but his antics on this board suggest otherwise.

Good way of putting it. Irish thinks he's a moderate btw. :doh!:

Actually, I'm an everywhereist not a moderate.

[irishjayhawk]

Yep. He and jAZ both really straddle the center of the aisle.

If you think I'm as to the left as jAZ, that's some real mental gymnastics or ignorance.

[Saul Good]

If you think I'm as to the left as jAZ, that's some real mental gymnastics or ignorance.

The only difference I see between you and jAZ is in the level of intelligence.

[irishjayhawk]

The only difference I see between you and jAZ is in the level of intelligence.

I know. We're both smarter than you. ;)

[Calcountry]

No, oil went up against a bundle of currencies, not just the dollar.Sure dude, we get it, there are a ton of coeficients in the make up of the price of oil.

A whole matrix of them. Perhaps the weather, pirates off Somalia, inflation expectations are among them as well.

[ClevelandBronco]

$2.43 today in metro Denver.

[SHTSPRAYER]

State gasoline price passes $3 mark again

(06-15) 18:20 PDT -- Just in time for summer, $3 gas is back.

California's average price for a gallon of regular gasoline topped $3 Monday for the first time since last fall, driven higher by a rally in the market for crude oil. Just one month ago, Californians paid $2.52 per gallon, according to the AAA auto club.


http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/06/16/BAQ9187O4S.DTL





But Bush and Cheney are no longer in charge, how can this possibly be?

:drool:

[Saul Good]

But Bush and Cheney are no longer in charge, how can this possibly be?

:drool:

The answer involves Neocons, Halliburton, Diebold, and corporations.

[SHTSPRAYER]

The answer involves Neocons, Halliburton, Diebold, and corporations.


And Fox News.

[HonestChieffan]

If we could outlaw vacations, summer, and all travel not deemed appropriate we could get this under control. After we take over all global commodity marketing and futures trading.

Demand is a bad thing. Control demand and supply fixes itself.