Gasoline prices up, end 3 month slump

[RamboLiberal]

http://money.cnn.com/2006/11/19/markets/lundberg_gasprices/index.htm?postversion=2006111915

Gasoline prices at U.S. pumps rose an average of a nickel a gallon over the last two weeks, ending three months of falling prices, according to a national survey released Sunday.

The Nov. 17 Lundberg Survey of about 5,000 gas stations across the country showed the average price of a gallon of self-serve regular gas was $2.23, a penny lower than the same week a year ago, publisher Trilby Lundberg told CNN.

Gas prices had fallen 84 cents in the previous 12 weeks, Lundberg said. The previous survey, taken on Nov. 3, showed the average at $2.18, she said.

Lundberg said the halt in price declines showed "a mini-glut" of crude oil that began accumulating in August with the end of the summer driving season has been "soaked up," leading to "a normalization" of supply and demand.

And it has nothing to do with the elections are over! :sarcasm:

[jgraz]

1. I'm going to die of not surprise

[Dr.Phool]

2. Right after the election.

I'm confused. Who woulda thunk it?

[Kiouni]

3. THE DEMS ARE BEHIND IT!!!

When the republicans were in charge it was only Two Bits!

:sarcasm:

[SoCalDem]

4. Let's review, shall we?

http://tonto.eia.doe.gov/dnav/pet/hist/mg_tt_usw.htm

more fun facts

[Imagevision]

19. Gas prices went up 6 cents two weeks ago (Ft. myers, Fla.)

[Ecumenist]

5. No kiddin'??

Funny how that mini-glut showed up about 90 days out from the november elections... I challenge anyone to find someone who didn't expect this to happen. The only idiots beyond the faux-snooze slugging crowd who didn't see this a mile away are the maniacal idiots who thought that the fuel prices would placate the upset American natives enough to distract them from the lies, crimes and pure arrogance displayed by the bunch who now find themselves cleaning out their desks and lawyering up on their way out of office, with millions of footprints on their backsides.

[BadgerKid]

6. We're down 12c since elections (IL)

here in my part of IL. It could be just the economy of scale due to upcoming holiday traveling.

[Ferret Annica]

7. Anyone living in denial this would not happen

is an idiot, a FReeper, or FReeper bait not aware they belong in JimRob's oily lap.

[Zorra]

8. When corporations as wealthy as oil companies use economics

as a weapon in order to manipulate the government, they become terrorist organizations.

We should nationalize the oil industry and remove this threat to our national security.

[elocs]

9. My gas price is the same as it was a week before the elections. n/t

[all.of.me]

10. ours went down 7 cents last week, the first change since

before the elections. but we are still highest in the state (NM), sometimes 50 cents more than albuquerque and towns even closer than that.

[leftyladyfrommo]

11. And the price per barrel has been dropping - even odder n/t

[doc03]

12. Gas prices here went from $2.15 on election day

to $2.27 the day after and have been running + or - 2 cents of that ever since. I am in the northern Ohio valley area.

[Nabia2004]

13. up 15 cents in the Seattle area - nt

[customerserviceguy]

14. Ditto for the Portland, Oregon area

Fortunately, I last filled up my tank on Election Day. I had a feeling that would be the low point. Good thing I only live five miles from work, and work only 3-4 days a week. Walking distance to stores helps a lot, too.

[ileus]

15. Down 1 cent this weekend here in Va.

[silvermachine]

16. But...

...up about $.12 overall since the election. Also in Virginia btw....

[TommyO]

17. Up twelve cents at the stations closest to the highway

$2.51, others are holding steady at $2.39 for premium (what I judge prices on since my VW Passat turbo requires at least 91 octane) though guaranteed that will change since I need gas tonight.

[Imagevision]

18. CNN sez yesterday SUV sales are up because gas prices are down?!!!

[bigwillq]

20. I am so stunned.

:eyes:

This is such a shock.

:eyes:

A total surprise.


:eyes:

[Kellyiswise]

21. That was really a "pre-election slump" but it didn't help the Republicans

as it was designed to do. I think everyone knew the prices would go up as soon as the election was over.

[greccogirl]

22. I believe prices are just up

due to holiday travel. Oil closed at a new low a few days ago, something like $55 a barrel - prices will still stay down.

[lindisfarne]

23. This chart shows gas prices for US, and various cities as well. For

my area (Southern CA), gas prices trended down until Nov. 6 then started rising. Average prices are up 15 cents in the last 2 weeks.
http://sandiegogasprices.com/retail_price_chart.aspx

[Javaman]

24. Slump, check. I'll remember that come the 2008 elections...

here's what's really going on...

Tin foil hat time!!!!
Posted by Javaman in Latest Breaking News
Fri Sep 15th 2006, 03:30 PM


Okay, so as soon as we enter the 60 day window till the elections, the prices suddenly drop. funny how that works.

But that's a side note. Up until this point the high prices have been raping the big auto makers. They have miles of SUV's unsold and are dying because of their stupidity. Now in walks big oil, chaney and the transportation secretary.

They all made a deal. big oil was getting the PR kidded out of them, because of their outrageous profits and the auto makers were getting their asses kicked because all they had to offer was gas guzzling SUVs. So in steps transportation head along with chaney. The deal goes like this, they had to bail out the auto makers because if they didn't, the economy would take a giant hit. So the tell the oil giants, cut us some slack, otherwise the Japanese auto makers and several other who are making hybrids and electric cars are going to be making out like bandits. Oil agrees.

The prices start to drop. The auto giants can now unload their acres of SUV's to the gullible public. Japan gets slapped down because who wants a hybrid when gas is cheap? (stupid american mentality) you will see more cash incentives etc on SUV's on the run up to the elections. (good for the repukes for the midterms) Election day sales, etc. They unload them all by early next year. Gas goes back up. People get fucked again, but wait there's more. once the people are screwed blued and tattooed, out will come the new hybrid and high mileage models from the U.S. auto makers.

so now the gullible public in their insanity to save themselves, will be trading in their new SUV beasts at less then cost values. thus increasing their debt, thus increasing the interest being paid on that debt, thus helping out the fat cats in the credit industry. It's a win win win for everyone.

Oil will jack the prices up again and make more huge win falls, U.S. auto makers will have unloaded their millstone SUV's once and for all and the credit companies will be sitting pretty with more dough rolling in from increased need for credit.

Oh just one last point. Why do the credit companies benefit from this? (besides the obvious?) Because recent studies have shown that the American public is actually starting to save again, even though the average amount of savings for Americans is at a historical low, people are realizing that the economy is tanking. Can't have people saving now, can we? Nope. Have to have them spend spend spend. It's your way of helping the war on Terror!!! Fear and spend, fear and spend.

But all of the above is taking place because morons* message of fear fear fear isn't working any longer so that's why chaney has to get the price of oil to come down prior to the elections. It's all about not losing seats. (funny how no reports talk about the repukes winning seats, they are trying like hell to stop the bleeding) And so the cycle continues.

I figure about this time next year, between the housing industry tanking, the new SUV's that were bought via increased high rate credit and the no doubt once again high gas/oil prices, this is a recipe for one hell of a recession if not, shall I say it, depression. All brought to you by george w., I'll* bomb who ever I* damn well please, moron*
bush.

Weeeeeeeeeeeeeeee

[Bigmack]

25. Oil price down Wednesday....

because of a buildup of US stocks of crude oil and gasoline.

(Tinfoil hat alert: Perhaps the buildup is so the oil shock resulting from an Iranian adventure won't cripple the US until "victory".)

Check the LTTE about gas prices I posted on GD

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=364&topic_id=2783308&mesg_id=2783308