Farging gas prices

[Diomedes]

Funny how prices are going down preceding an election.  Total coincidence, I'm sure.

[MadMarchHare]

Calm down Mulder.

I totally agree, by the way.

[Sgt PSN]

Funny how prices are going down preceding an election. Total coincidence, I'm sure.

I'd be a sucker not to see the connection.  But I don't care why gas prices go down.  The fact that they are down means I've keeping a few extra bucks in my pocket every time I fill up.  Of course, I'm sure the prices will go back up in Nov/Dec but I'm going to enjoy the lower rates while they last.  I'm also going to start stocking up. 

[MadMarchHare]

Speaking of elections, I just got some propaganda from the republican candidate in my district, with Melissa Bean's head superimposed on a hippy with a VW bus in the background, saying "Why doesn't MB represent your values?  Because she doesn't live in your district." 

Problem is, it was sent by a Republican advertising group from DC.  So apparently they don't know my values either.
The elections can't happen soon enough.

[PhillyPhanInDC]

'Strong Possibility' Gas Will Rise to $4
Oil Prices Ease After Iran Hostages Are Freed, but Analysts Say High Demand to Keep Gas Prices High
By DAN ARNALL
ABC News Business Unit
April 4, 2007 — - For the past two weeks, Iran has not just been holding 15 British soldiers captive; it's been holding the world's oil markets hostage, too.

"There's been a $5 or $6 premium that's been built into the price of oil over this," said Phil Flynn, vice president and energy analyst at Alaron Trading. "Even though this crisis has ended, the oil market is still on guard that the tensions in the Middle East are going to continue."

Oil prices spiked this morning when Iranian President Mahmoud Ahmadinejad appeared on television, because of uncertainty over what he was going to announce. When he started awarding medals to the troops who had captured the Britons, traders assumed the worst.

But by the end of Ahmadinejad's television appearance it was apparent that the soldiers were heading home, and the price of a barrel of oil started to retreat from recent highs, giving up more than $1 to drop to about $64.

Analysts say that the price reduction should hold during the coming days but won't translate into lower prices at the pump.

"Things are looking pretty bad for the upcoming summer driving season," said Flynn, citing a new government report showing that the U.S. stockpiles of gasoline fell by 5 million barrels in the past week, much more than analysts were expecting.

Flynn said he believes gasoline prices will head into record territory -- currently a nationwide average of $3.07 -- by the height of the summer season.

"This is the time of year when we're supposed to be building supplies, but it seems like the refiners just can't get ahead of what has been very, very strong demand," he said.

Today's report shows that the national supply of gas is at the low end of its average range for this time of year, meaning the United States will have less gas in the tank before the peak summer driving season in the coming months.

Analysts said that puts the country on the edge, making any disruption in supply -- such as a hurricane in the Gulf of Mexico refining regions or an expansion of the crisis in the Middle East -- that much more dangerous.

"Everyone asks me, will we see $4 a gallon? And the answer is, there is a strong possibility that we may see $4 a gallon," said Flynn.

Insane.

[Cerevant]

Yet these companies make record profits.  This is why monopolies / oligopolies are bad, and why there are laws to prevent this kind of thing.  Too bad they don't get enforced...

[Rome]

The apocalypse can't happen soon enough.

Right.

[Diomedes]

Yet these companies make record profits.  This is why monopolies / oligopolies are bad, and why there are laws to prevent this kind of thing.  Too bad they don't get enforced...

Why do you hate America?

[Susquehanna Birder]

Yet these companies make record profits.  This is why monopolies / oligopolies are bad, and why there are laws to prevent this kind of thing.  Too bad they don't get enforced...

I need to divert some investment money to Exxon Mobile.

[MDS]

I'm flying to Jersey now.

[Father Demon]

Yet these companies make record profits.  This is why monopolies / oligopolies are bad, and why there are laws to prevent this kind of thing.  Too bad they don't get enforced...

I need to divert some investment money to Exxon Mobile.

I did that exact thing about a year ago.

[Zanshin]

This is a farging crime....

http://news.yahoo.com/s/nm/20070407/bs_nm/occidentalpetroleum_pay_dc_4

[Geowhizzer]

This is a farging crime....

http://news.yahoo.com/s/nm/20070407/bs_nm/occidentalpetroleum_pay_dc_4

$2.94 at the closest gas station to my house.  Was $2.69 a week ago.

[Father Demon]

This is a farging crime....

http://news.yahoo.com/s/nm/20070407/bs_nm/occidentalpetroleum_pay_dc_4

Two things.

1) I would retire in a second if my crimes paid me off in $400M johnsons in one year.
2) Our gas went through 4 successive 10 cent increases in four days.  $2.29, 2,39, 2.49, 2.59, and 2.69, before settling in at $2.65.  Horrible.

[MDS]

I hate Republicans.