Gas Prices Skyrocketing
- Thread starter Czar
- Start date
Kyle
Beloved Misanthrope
Thats the result of the oil futures speculators.
I don't consider 50-cents a "skyrocket".
The stock market is taking a hit because of speculators as well. It will even back out.
The stock market is taking a hit because of speculators as well. It will even back out.
Diesel jumped to $4.50/gal here.
Got mine just before the big ice storm. I'm good for another year.
Yep, everytime. We don't get oil from there, China does. Only fear is China trying to buy and it bumps up prices.
I fully expected prices to go up but this certainly smells of gouging.
It always is. The market today is months out.
Thought so. Prices were heading downward before the military action.
Yep. We are too. The tank lasted 51 weeks this year. Not bad considering the temps this winter.
Commodity traders are what they are...poke bellies or oil, all same. This will pass fairly quickly....prices that are artificially escalated by commodity speculation always return eventually to levels sustained by actual supply and demand metrics.
California voters reaping that of which they have sowed. Some fool politician says "green" and they fell for it.
The war on fossil fuels has consequences.
nypost.com
The war on fossil fuels has consequences.
Exclusive | California gas crisis risks sending prices above $8 a gallon and forcing drivers to ration fuel: lawmakers
“We’re looking at having to wait in lines as they did in the 70s because we simply will not have the supply,” Sen. Suzette Valladares told The California Post.
nypost.com
They live for fear. Tropical storm in the gulf threatens refineries. Oil price jumps.
OccamsRazor
Well-Known Member
The math certainly isn't mathing for me.
The country that supplies 20% of the world's oil reserves (most of which goes to China, Russia, etc. NOT us) is at war yet, the domestic US price of gas at the pump goes UP ~32% in a week????
Smells more like GOUGING.
The country that supplies 20% of the world's oil reserves (most of which goes to China, Russia, etc. NOT us) is at war yet, the domestic US price of gas at the pump goes UP ~32% in a week????
Smells more like GOUGING.