it seems to depend on which biased source you look at.
-
How's that going for you?
U.S. gas prices at highest ever for Labor Day weekend
The national average for a gallon of regular gasoline hit $3.80 on Monday, up 14 cents from the same time last year, the highest price ever recorded during a Labor Day weekend, GasBuddy.com reports.
On Friday, the average price of gas was $3.83 per gallon, according to AAA. Monday’s price of $3.80 beat the Labor Day record of $3.68 set in 2008, the association reported.
AAA: August gas price increase highest in seven years
Still, gas is not at $5. Given the several supply issues currently and the fact that after labor day gas prices usually subside slightly, this might be the peak for the year. Although I don't expect gas to go much lower than $3.50-ish personally. (obviously extreme shocks on either side could change that in either direction, but joshh's hopes for gas under $2 again is a bit outlandish)August was marked by significant spikes in gas prices. In fact, according to the AAA, the national average jump of 30.8 cents is the second highest since 2000 when the auto club began keeping records.Comment
-
Let's make it simple:
Oil companies raise prices. Despite bitching and "protesting", we pay the prices anyways and they make a nice profit. Does it make sense for them to bring it under $3/gal again? Hell no. Capitalism flourishes in America and oil companies make a nice profit. Why would they scrap a money making plan? It sucks, but we should have learned our lesson from the crisis of the 70's. It will only go up from here, ladies and gents.1989 325i - 2.7i, Holset H1C, 60lb injectors, whodwho MS-PNP.
2012 Passat TDI - DD Duty
2008 GMC Yukon XL Denali - Kiddie hauler/grocery getterComment
-
^
Does not really understand how and where big oil makes its money and what is truelly effecting enegy priceing. Reread this thread and posts from myself and heeter and you will gain this knowledgeThe American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de TocquevilleOriginally posted by Fusion
The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken
Necessity is the plea for every infringement of human freedom. It is the argument of tyrants.
William Pitt-Comment
-
Build your own dreams, or someone else will hire you to build theirs!
Your signature picture has been removed since it contained the Photobucket "upgrade your account" image.Comment
-
lol. Yeah - instead of understanding markets, some people always just place blame on figureheads who don't really have control. The Huff Post followers attacked Bush and now the Drudge crowd blames Obama.
It's a whole lot more logical and intelligent to look at supply/demand, instead of politics.Last edited by rwh11385; 09-05-2012, 07:28 AM.Comment
-
Yeah, oil companies don't just raise prices when they feel like it, and have no direct control to begin with (futures and commodities markets, wut?). Oil was also thought to be inelastic, which was proven totally wrong the last 4 years when demand shrank dramatically causing prices to collapse and begin a long term decline in nations like the usa.Comment
-
Refinery fire in CA + refinery fire in Venezuela + offshore rigs shutdown for Hurricane + increased demand by travelers on Labor Day weekend = higher prices.
It's Sorcery I tell you!!
Comment
-
Yep. Too bad such rational look at the situation isn't done by more of the public.
TransCanada submitted revised route for XL yesterday: http://www.reuters.com/article/2012/...88412A20120905
edit, in response to sleeve below: "TransCanada Corp (TRP.TO) said on Wednesday it has submitted a new route for the project to build the Keystone XL oil sands pipeline from Canada to Texas that will avoid sensitive ecological areas in Nebraska."
My email newsletter had tidbits from multiple sources and the Reuters didn't mention the revision as clearly as WPThe latest proposed Keystone XL pipeline route is TransCanada’s second attempt to satisfy state environmental regulators. The Nebraska Department of Environmental Quality said in July that the initial revised route crossed land that could erode easily and passed near unconfined aquifers that supply drinking water to residents and livestock.
The new TransCanada proposal tweaks that April plan, making the route veer east shortly after entering the state to avoid more of the sensitive areas in Keya Paha County, east again around the town of Clarks and west around the town of Western to avoid drinking water well fields.Last edited by rwh11385; 09-06-2012, 05:53 AM.Comment
-
^
Look at dubs. Richer thread. Average people seem to always thing the evil rich man or company is out to screw little ol them all the time.
Again with another re-route, or is the same one they submitted to FERC back in march I think?? Go ahead keep adding to the cost and delays, trascanada is libale to just fuck the whole thing cut their losses and build over the rockies to BC and ship it abroad, that is in the works as wellThe American Republic will endure until the day Congress discovers that it can bribe the public with the public's money. -Alexis de TocquevilleOriginally posted by Fusion
The Desire to Save Humanity is Always a False Front for the Urge to Rule it- H. L. Mencken
Necessity is the plea for every infringement of human freedom. It is the argument of tyrants.
William Pitt-Comment
-
Build your own dreams, or someone else will hire you to build theirs!
Your signature picture has been removed since it contained the Photobucket "upgrade your account" image.Comment
-
Damn you pick bad timing for your attacks.
:rolf1:
And just to make sure you don't keep trying to twist my words. I've never said the President controls the price of gas. But their policies sure have an effect. And in this case it works in my favor. Obama's policies are so terrible he couldn't even get the prices lower before the election because his energy policies are so anti Coal/crude. Thanks for the support on how terrible Obama's economy is rwh11385.Your signature picture has been removed since it contained the Photobucket "upgrade your account" image.
"I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents. Charity is no part of the legislative duty of the [federal] government." ~ James Madison
"If you've got a business, you didn't build that. Somebody else made that happen" Barack ObamaComment
-
LOL joshh. Wow, gas prices are right in line with what I expected and nowhere close to your sub-$2 expectations and you are celebrating? Pathetic.Damn you pick bad timing for your attacks.
:rolf1:
And just to make sure you don't keep trying to twist my words. I've never said the President controls the price of gas. But their policies sure have an effect. And in this case it works in my favor. Obama's policies are so terrible he couldn't even get the prices lower before the election because his energy policies are so anti Coal/crude. Thanks for the support on how terrible Obama's economy is rwh11385.
Gasoline prices averaged $3.5454 per gallon on November 2Comment
Comment