Whoa! Gas up 12 cents since yesterday

[spinbaby]

Guy at the station told me it was because oil went up after Bhutto's death.

[marmar]

1. Now they're using Bhutto's death to gas price gouge?

.... Mon dieu!

[Telly Savalas]

6. No. It was just a guy at a gas station talking out his ass.

Even if something like Bhutto's death affected the price of oil directly (and that's a big if), that wouldn't result in such a quick increase in the price of gasoline.

If an executive from an oil company were to make this absurd argument, then you could state that Bhutto's death was being used as an excuse for price-gouging, but this was just some guy at the gas station and it's not even clear from the original post that it was an employee.

Granted it was a decade ago, but when I worked at a gas station, they didn't issue us talking points to explain to customers the fluctations in the price of our product.

[PA Democrat]

7. Oil, gold rise on Bhutto assassination

NEW YORK -- Oil and gold prices climbed Thursday following the assassination of former Pakistan Prime Minister Benazir Bhutto, but the gains were modest given weak economic news in the United States.

Other commodities were mixed, with agricultural futures trading mostly lower.

Bhutto's assassination in a suicide bombing raised concerns about further regional instability, unsettling investors. Energy prices jumped on the news, while falling inventories of crude and heating oil also pushed prices higher.

http://seattlepi.nwsource.com/business/1310ap_commodities_review.html

The oil companies always jack up the retail prices of gas immediately following a rise in the price of oil. Remember what happened in the immediate aftermath of Katrina? Any excuse whatsoever to gouge the consumer is seized upon by the oil companies.

[Telly Savalas]

15. Oil prices went up 65 cents a barrel yesterday.

This less than 1% increase in price can be attributed to Bhutto? Gimme a break. Thousands of factors impact the price of oil and to think that some business journalist can filter out all the noise and link the movement of markets exclusively to the front page headlines is absurd.

The price of oil has skyrocketed over the past 6 months but gas prices have held fairly steady. They bounce up and down a lot, but the trendline is not following that of oil.

If a 65 cent increase in the price of oil led to an additional 12 cents a gallon for gas, then gas would be selling at $10 a gallon.

Moreover, this is a journalist talking out his ass too, not an oil company exec using the tragedy as an excuse to jack up prices.

[SoCalDem]

16. CNN just said that her death could result in $4 gal in Calif

but probably not other places.. then he chuckled and said "Calif, you're on your own ".. :grr:

Isn't it amazing how in the last 7 or 8 years EVERYTHING "causes" gasoline to spike.:eyes:

We have had calamaties forever, and in the past there might have been delivery disruptions and occasional SHORTAGES, but the price did not spike like it does now..

If there is a disruption in gasoline deliveries because of a high profile death, how is it that the stations have PLENTY of gas, but all of a sudden the price spikes $1 a gal or more?..

We are all being played..

[Telly Savalas]

20. CNN is talking out their ass too.

Oil prices only went up 65 cents a barrel yesterday and I've not seen any evidence of disruption of gasoline deliveries due to Bhutto's death.

They have no basis for their speculation.

[ChairmanAgnostic]

2. on my way to court yesterday, I saw 3.09; after the hearing 3.21

at the same station.

It will hit 4.00 easy. All we need is
a. bush to stay in crawford
b. condi to buy more shoes, or worse, take a foreign trip to "fix" things even more
c. cheney to get hungry for more war.

[SpiralHawk]

3. "Smirk. smirk, smirk." - Republicon homelander oil cronies

[RamboLiberal]

4. Yeah I don't think the body was even cold

before these f'ckers jacked the prices. I noticed that as well. My jaw dropped when I saw 3.09 when it was 2.97.

Robbery!

[taterguy]

5. Robbery involves taking something by force

No one forces people to buy gasoline.

What oil companies are doing is immoral and sleazy but it's not robbery.

[spinbaby]

8. No one forces us to buy gasoline?

Yeah, I suppose we can just stay home and starve instead.

[taterguy]

18. Lots of grocery stores and restaurants are within walking distance of my house

No danger of starving for me.

Of course I made the radical decision back in 1991 to protest oil wars by consuming as little oil as possible.

[RamboLiberal]

21. Well good for you a lot of us don't have that luxury

And la-de-da for your definition of robbery. I'll stick to say it is robbery by big oil!

[Wednesdays]

13. Uh-huh. Try going more than 40 miles in subfreezing temperatures

with something that doesn't use oil in some way.

[taterguy]

22. No thanks, I live close to where I work and shop

Because I can

[EstimatedProphet]

9. It went up here before that.

[bullwinkle428]

10. The 12-cent increase HAD to come from the very top -

I saw a 12-cent increase myself on the way to work this morning, and it looks from this thread like people are seeing this same increase in many states!

[TommyO]

11. I'm very glad that I got gas last night, and used a $0.10/gal discount to boot.

I guess I'm going to get gouged driving out to OH for the weekend.

[durtee librul]

12. Gas was 2.87 2 days ago...

then it went to 3.09, this morning it's up to 3.17 in the Detroit area.

You know, IF we had a congress who really cared, someone would be looking into this crap. And to be honest, seeings as they all just 'live' for another hearing.....this might be a good one to keep them occupied for a couple days if they get bored with say....doing the will of the people.

Sorry excuse for a government of a very proud nation.

[TahitiNut]

14. Price increases at the pump have been long-delayed.

With the price of a barrel of oil in the mid-90s, pump prices still reflect prices in the mid-70s. The consumer goods retailers and distributors have put great pressure to keep gasoline prices low for the "shopping season" ... and now we'll see the blowback from that pressure.

[FredMertz]

17. Profiteering?

Wasn't this kind of stuff illegal during World War Two? Maybe it should be today.

[Strelnikov_]

19. The black fuel is pushing $100/bbl

Price is currently 2.571 Yergins per bbl ($97.70) for those tracking in that unit.

The symbolic 2.631 Yergins/bbl level could occur before the end of this Friedman Unit.