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Old 04-23-2007, 09:40 AM  
Donger Donger is offline
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Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo

Pretty alarmist, IMO, but possible.

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Last edited by Donger; 10-10-2014 at 02:43 PM..
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Old 01-03-2012, 12:38 PM   #3211
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Crude surging today. Up 3.82% ($3.78) at $102.61. Gasoline at $3.22.
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Old 01-03-2012, 04:19 PM   #3212
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Gas was already set to rise this year, but geopolitical issues in the Middle East are already set to exacerbate increasing gas prices.

On Tuesday, Iran's First Vice President Mohammad Reza Rahimi threatened to close the Strait of Hormuz, a small waterway that borders Iran, if other countries sanction his country's crude exports because of its nuclear ambitions. That could disrupt roughly a third of the world's tanker traffic and send oil prices skyrocketing, analysts say.

Iran holds the world's fourth-largest proven oil reserves and the world's second-largest natural gas reserves, according to the U.S. Energy Information Administration.

Next year may be another budget-breaking year at the pump, with prices once again topping $4 per gallon.

Since 2004, gas prices have risen an average of 93 cents a gallon between Christmas and the eventual peak the following year, and as much as $1.30 a gallon some years, according to Patrick DeHaan, senior petroleum analyst with GasBuddy.com. That could mean gas prices may come close to or higher than their levels last spring, when the Arab Spring and turmoil in Libya began.
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Old 02-17-2012, 10:38 AM   #3213
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Crude still hovering around the $100 mark. Crude has never been this high at this time of year.

Gasoline is at $3.48/gallon and climbing. That is $0.38 higher than this time last year.
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Old 02-17-2012, 10:40 AM   #3214
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Quote:
Originally Posted by Donger View Post
Crude still hovering around the $100 mark. Crude has never been this high at this time of year.

Gasoline is at $3.48/gallon and climbing. That is $0.38 higher than this time last year.
Must be rising because the economy has so vastly improved
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Old 02-17-2012, 10:48 AM   #3215
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Must be rising because the economy has so vastly improved
No. The price of crude determines the price of gasoline. $100/barrel seems to be the new normal, unfortunately.

Our demand is still down, but since crude is a globally-traded commodity, our economic situation doesn't determine the price of crude by itself.
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Old 02-17-2012, 10:55 AM   #3216
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Quote:
Originally Posted by Donger View Post
No. The price of crude determines the price of gasoline. $100/barrel seems to be the new normal, unfortunately.

Our demand is still down, but since crude is a globally-traded commodity, our economic situation doesn't determine the price of crude by itself.
I've read that demand in India and China is putting a lot of pressure on global prices.
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Old 02-17-2012, 11:06 AM   #3217
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Originally Posted by Donger View Post
No. The price of crude determines the price of gasoline. $100/barrel seems to be the new normal, unfortunately.

Our demand is still down, but since crude is a globally-traded commodity, our economic situation doesn't determine the price of crude by itself.
You mean the economy isn't improving like the tv tells me?
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Old 02-17-2012, 11:57 AM   #3218
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Holy shit. Our demand dropped 5.7% in January compared to 2011. That's insane.
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Old 02-17-2012, 12:02 PM   #3219
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Originally Posted by Donger View Post
Holy shit. Our demand dropped 5.7% in January compared to 2011. That's insane.
Just gasoline or does it include fuels used for home heating?
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Old 02-17-2012, 12:05 PM   #3220
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Quote:
Originally Posted by stonedstooge View Post
Just gasoline or does it include fuels used for home heating?
Sorry, all crude products, including heating oil.
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Old 02-17-2012, 12:32 PM   #3221
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Gas jumped up 17 cents yesterday...3.22 to 3.39.
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Old 02-17-2012, 12:34 PM   #3222
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Quote:
Originally Posted by Donger View Post
No. The price of crude determines the price of gasoline. $100/barrel seems to be the new normal, unfortunately.

Our demand is still down, but since crude is a globally-traded commodity, our economic situation doesn't determine the price of crude by itself.
Cant be the US demand. I thought everyone sold off their big SUVs and trucks and converted over to Hybrids?
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Old 02-17-2012, 01:15 PM   #3223
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Old 02-17-2012, 01:21 PM   #3224
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If it gets in the $5 range it could go a long way into helping the US with our obesity problem.

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Old 02-17-2012, 01:23 PM   #3225
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