Gasoline prices

Got our fill of Chinese last Sat with a trip to Menards and a tank full of gas that was 31cents less than here. We are still stuck at 2.80

 

Ethanol free is well over $3 a gallon here. Regular is in the mid-$2.50's depending on the vendor.

 

$2.58 in the city of poughkeepsie. Iworked in the ghetto today so didnt see prices elsewhere.

 

I noticed prices climbed a bit here as well. I think it is the arrests being made in Saudi Arabia has unsettled the market a bit. I don't want to get anyone upset but the US economy might be in for a rough patch if China stops trading oil in US dollars; Venezuela has already done so but that country is getting ready to collapse so doesn't really matter..

 

I agree, I rather spend my money at the small shops even if Wally World is cheaper. I just hate the thought of my money going to some billionaires; the small mum and pop shops is where I rather give my money and it stays in the local economy.

 

Canada is the largest single supplier of oil to the US of A.

 

Yes, the North Sea was suppose to make Britain oil independent.

 

Agreed. Like everything else here, fuel is heavily taxed....but we have "free" health care.

 

Gas prices here jumper over 25 cents average yesterday.

What those in power fail to relize the more we have to pay for fuel food prices raise to grow and deliver the food even if you buy a lot from the local farmer on market day.

Cost to ship stuff goes up and that cost is passed on to you too.


So there I feel less spending on things, a new car/truck can wait. If it is american built people are laid off, No new chain saw either, on and on the cycle goes.


Al

 

it is called trickle down economics-

 

$2.579 today, same as yesterday.

 

Is it just me, it seem's the Gulf coast hurricanes sparked the price hike as several refineries shut down in precaution. The prices settles back only a fraction of the increase and are still pushing higher. I think oil is around $52-53 a barrel right now, iicr only a few dollars higher than pre hurricane's and close to .50c cheaper.

 

excess supply which was driving prices down is gone

 

Saudi Arabia did say they were going to cut production.

 

Ya we should cut wheat, corn and soy beans to the Saudi's. To bad ethnol is so crappy.

Al

 

We will be buying those crops from them after they are grown on US soil.

Saudi land purchases in California and Arizona fuel debate over water rights

 

Yes, this is not so good; at least not for me. I know Yopper will say I am getting all political but it is hard not to because politics drive a lot of things that affect our lives and this is one of them. Oil is all traded on paper and the prices are driven by speculation. Therefore, anything that affects that speculation can drive up prices. Your good ol' buddy Bil Clinton was the one to remove the regulation preventing speculation on certain things such as crude oil. So the oil traders look at things such as someone farted in China so that might mean a higher demand for oil and the prices jump up. There are those buying and selling oil that never sees a drop of the stuff; it is all paper trading.