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Author	Topic: Gas prices look poised to take off yet again...	Post a Reply Back to Topics

PD Moderator	Message Posted: Mar 17, 2011 1:42:21 PM Ignore PD Report Abuse After the gasoline price Mardi Gras ended last week, things have since calmed down. Gas stations slowed down after the price hike parties that were abundant across the United States and Canada last week, but more price increases are likely coming soon. While the situation initially cooled off last week and earlier this week after the tragedy in Japan, oil markets are again heating up, in a similar fashion to the crisis at Japanese nuclear facilities, and similar to that situation, there may be little we can do to cool off this upcoming round of price increases. While I await final calculations before alerting some of you in the Great Lakes states to possible price hikes via Speedway tomorrow, there's no doubt in my mind... Visit GasBuddy Blog for full article

Moderator

Message Posted: Mar 17, 2011 1:42:21 PM

Ignore PD Report Abuse

After the gasoline price Mardi Gras ended last week, things have since calmed down. Gas stations slowed down after the price hike parties that were abundant across the United States and Canada last week, but more price increases are likely coming soon.

While the situation initially cooled off last week and earlier this week after the tragedy in Japan, oil markets are again heating up, in a similar fashion to the crisis at Japanese nuclear facilities, and similar to that situation, there may be little we can do to cool off this upcoming round of price increases.

While I await final calculations before alerting some of you in the Great Lakes states to possible price hikes via Speedway tomorrow, there's no doubt in my mind...

Visit GasBuddy Blog for full article

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jtmalone Rookie Author Illinois Posts:21 Points:17,130 Joined:Apr 2011	Message Posted: Apr 26, 2011 1:09:24 PM Ignore jtmalone Report Abuse Sweet now instead of 50 bucks to fill my car it will be 60! Cant wait!
lsmith87NY Rookie Author New York Posts:1 Points:120 Joined:Mar 2011	Message Posted: Mar 27, 2011 11:55:42 AM Ignore lsmith87NY Report Abuse Well, it's a good thing nice weather is returning.
tomok Champion Author Portland Posts:32,915 Points:2,341,510 Joined:Aug 2006	Message Posted: Mar 18, 2011 12:14:14 PM Ignore tomok Report Abuse Gas prices have taken off for a long time now, just more fuel for a deeper recession, higher food prices and more disposable income spent on fuel. Alternative fuels from algae, bacteria, the bio mass and the waste stream AND renewable energy from solar, wind, hydro, thermal, tidal and/or nuclear.
jeromehasbargen Champion Author Minnesota Posts:3,381 Points:659,975 Joined:Jan 2009	Message Posted: Mar 18, 2011 8:37:43 AM Ignore jeromehasbargen Report Abuse It is way too early to be worrying about if there will be enough supply to meet summer demand. All of the wrecked cars in Japan that are out of service and not using gas in Japan should help offset some of the fuel use in Japan.
MidNJ Champion Author New Jersey Posts:7,532 Points:1,169,255 Joined:Sep 2009	Message Posted: Mar 18, 2011 2:43:48 AM Ignore MidNJ Report Abuse The last time I looked at this post it had 36 votes. Now it has 44. I must ask, why does this rate the top article of the day to anyone who wants gas prices to go down??? /////// But we must remember, there are speculators on GB. Hopefully we will all keep things into prospective.
WalRus49 Champion Author Boston Posts:4,055 Points:864,865 Joined:Nov 2010	Message Posted: Mar 18, 2011 12:39:15 AM Ignore WalRus49 Report Abuse $5.00 a gallon by June, $6.00 by September!
runout9 Champion Author New Jersey Posts:3,240 Points:978,145 Joined:Dec 2008	Message Posted: Mar 18, 2011 12:02:20 AM Ignore runout9 Report Abuse After today's climb of nearly $4.00/bbl, WTI is +$1.65 to $103.07/bbl in overnight electronic trading. Gas prices will be climbing.
TIGERPAW46 Champion Author Florida Posts:7,114 Points:1,352,710 Joined:Mar 2004	Message Posted: Mar 18, 2011 12:00:27 AM Ignore TIGERPAW46 Report Abuse This is absolutely ridiculous. There is no VALID reason for oil or gas prices to increase. We have adequate supplies, abundant reserves, & there is no real threat of stoppage from our two most Major suppliers to the USA. That is Canada & Mexico. We can even increase some on imports from Canada & pump more, very quickly, within the USA. Other countries are more dependent on OPEC than the USA is. This is 90% speculators using fear to make themselves more money & that can be stopped within the USA. ALSO WE CAN DEMAND ALL USA PRODUCED OIL STAY IN THE USA, UNLESS WE PRODUCE MORE THAN NEEDED THEN ONLY SHIPPED BY AGREEMENT TO OUR ALLIES, FRIENDS IF NEEDED. Any other excess would have a high export tariff just as the offending countries have done to us. With the provision no exports would be sold to foreign market speculators. OH YES it can be done, & should. If we find any US exported oil going to speculators then they are cut off from any future shipments. The US Government takes similar actions on multiple issues constantly.
tobasco Champion Author Los Angeles Posts:7,346 Points:2,105,960 Joined:Mar 2004	Message Posted: Mar 17, 2011 11:57:14 PM Ignore tobasco Report Abuse Japan reduces demand.
RENEGADEGAS Champion Author Missouri Posts:14,888 Points:1,587,225 Joined:Jul 2008	Message Posted: Mar 17, 2011 11:56:32 PM Ignore RENEGADEGAS Report Abuse And this would be a surprise because????.........
Rageagainsttm Champion Author Tampa Posts:8,283 Points:1,898,980 Joined:Jul 2007	Message Posted: Mar 17, 2011 11:54:58 PM Ignore Rageagainsttm Report Abuse Gas going up is no surprise.
carefrey Champion Author Orlando Posts:5,510 Points:1,154,510 Joined:Sep 2009	Message Posted: Mar 17, 2011 11:49:50 PM Ignore carefrey Report Abuse Gas is like a yo-yo, up and down!
Z51Corvette Champion Author Austin Posts:8,469 Points:1,667,400 Joined:Jan 2008	Message Posted: Mar 17, 2011 11:43:27 PM Ignore Z51Corvette Report Abuse Poised to go down! Such negative optimism stinks.
jhn316 Rookie Author Long Island Posts:83 Points:10,345 Joined:Mar 2011	Message Posted: Mar 17, 2011 11:36:41 PM Ignore jhn316 Report Abuse I'm like moremissions200, haven't filled my tank for the last month or so...only a $20 at a time. We will see what happens going forward.
snowmaze Champion Author Colorado Posts:8,140 Points:1,138,410 Joined:Apr 2009	Message Posted: Mar 17, 2011 11:36:03 PM Ignore snowmaze Report Abuse hopefully he s wrong
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Mar 17, 2011 11:34:48 PM Ignore tedjm1 Report Abuse It's one thing when prices rise due to legitimate calamities, buy the prices never do go downenough when all else becomes normalized again
GasholeMI Champion Author Lansing Posts:10,119 Points:1,714,290 Joined:Jul 2008	Message Posted: Mar 17, 2011 11:30:00 PM Ignore GasholeMI Report Abuse Goodbye to our fragile economy.
moremissions200 Champion Author Rhode Island Posts:10,496 Points:2,022,435 Joined:Jan 2007	Message Posted: Mar 17, 2011 11:28:03 PM Ignore moremissions200 Report Abuse have not "filled" my tank for the last month...only buy a few gallons once or twice per week, have stopped buying everything except essentials for survival, hunker down for a deepest depression ever.......until our government decides to side with the American people, and not with the international corporations, banks too big to fail, and other theives.
aldog365 Champion Author Nashville Posts:4,294 Points:1,786,790 Joined:Aug 2005	Message Posted: Mar 17, 2011 11:25:33 PM Ignore aldog365 Report Abuse I agree Bigwaynef.I cant sit down either.
joel27nc Champion Author Raleigh Posts:10,517 Points:1,854,370 Joined:Mar 2008	Message Posted: Mar 17, 2011 11:23:29 PM Ignore joel27nc Report Abuse Gas is always ready to go up...how bout we go back to $0.62/gallon!
10k Champion Author North Carolina Posts:21,221 Points:2,250,020 Joined:May 2006	Message Posted: Mar 17, 2011 11:22:13 PM Ignore 10k Report Abuse it figures-and most gas stores around here have just dropped about 7¢ of that 50¢ increase.. and my non-ethanol gas store got a load of pure ol' good gas today, and you dang well better believe i found all my nickels and dimes, and filled my tank so full, it had to burp..
Bus936 Champion Author Lexington Posts:16,423 Points:3,216,005 Joined:May 2004	Message Posted: Mar 17, 2011 11:21:34 PM Ignore Bus936 Report Abuse Lets just stop everything and raise it to lets say, $15.00 per gallon. That should halt everyone and everything in our economy. Any idiot can see what high pump prices do to the economy of this country.
1cheapgasin Champion Author Indianapolis Posts:5,537 Points:1,205,740 Joined:Jul 2009	Message Posted: Mar 17, 2011 11:12:47 PM Ignore 1cheapgasin Report Abuse Time for me to fill up all my empties.
Blue_Cruzer Champion Author Lexington Posts:7,500 Points:1,665,585 Joined:Mar 2007	Message Posted: Mar 17, 2011 11:11:49 PM Ignore Blue_Cruzer Report Abuse Received the price increase notice a couple of hours ago.
adlarios Rookie Author California Posts:2 Points:27,690 Joined:Feb 2011	Message Posted: Mar 17, 2011 11:10:59 PM Ignore adlarios Report Abuse Well, rising gas prices are not good news. I guess now is a good time to invest in a fuel efficient hybrid vehicle.
Crumbfel Champion Author Virginia Posts:11,554 Points:2,160,585 Joined:Aug 2006	Message Posted: Mar 17, 2011 11:10:16 PM Ignore Crumbfel Report Abuse And this comes as a shock to whom?
Bigwaynef Champion Author South Carolina Posts:11,444 Points:2,076,760 Joined:Dec 2006	Message Posted: Mar 17, 2011 11:10:16 PM Ignore Bigwaynef Report Abuse I'm tired of grabbing my ankles...
judgemobile Champion Author Ohio Posts:7,550 Points:2,441,135 Joined:Nov 2005	Message Posted: Mar 17, 2011 11:09:09 PM Ignore judgemobile Report Abuse impeach Bummer--that will help.
ysmc Champion Author Providence Posts:10,540 Points:2,018,920 Joined:Apr 2007	Message Posted: Mar 17, 2011 11:07:17 PM Ignore ysmc Report Abuse nothing we can do about it? "yes we can" release oil from the strategic reserve daily to quell the speculating corporations and indiviuals consumed by unrestrained greed drill now, here continue to develop other sources of energy where is congress and the president? incompetence and corruption rules in washington
Maintroll Champion Author Lexington Posts:8,614 Points:1,699,135 Joined:Aug 2008	Message Posted: Mar 17, 2011 11:04:17 PM Ignore Maintroll Report Abuse Basically what you are saying is that the theives are going to start stealing even more from the consumers.
rxman1 Champion Author Toledo Posts:9,522 Points:1,857,895 Joined:Nov 2007	Message Posted: Mar 17, 2011 11:03:13 PM Ignore rxman1 Report Abuse Thanks for the heads up.
jkpsr Champion Author New Jersey Posts:4,069 Points:1,099,105 Joined:Jun 2005	Message Posted: Mar 17, 2011 11:02:33 PM Ignore jkpsr Report Abuse I hope you are not right.
bababooey2 Champion Author Hartford Posts:6,327 Points:1,298,615 Joined:Sep 2009	Message Posted: Mar 17, 2011 11:01:11 PM Ignore bababooey2 Report Abuse Enough of the gouging.........
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Mar 17, 2011 10:58:00 PM Ignore pastorpaulcg Report Abuse Of course.
Vette1967 Champion Author Albany Posts:5,947 Points:1,272,000 Joined:Jun 2009	Message Posted: Mar 17, 2011 10:54:07 PM Ignore Vette1967 Report Abuse What can you do?
jrsva Champion Author Virginia Posts:9,830 Points:1,608,250 Joined:Jan 2006	Message Posted: Mar 17, 2011 10:53:17 PM Ignore jrsva Report Abuse “walking is always an option” Right, I’m really going to be able to walk 25 miles to the nearest grocery store pulling my little red wagon so I can get the stuff home. Walking is NOT always an option.
jimgraham Champion Author Akron Posts:10,348 Points:1,975,130 Joined:Oct 2007	Message Posted: Mar 17, 2011 10:50:49 PM Ignore jimgraham Report Abuse So what? Nothing we can do about it. Except hoard 450 gallons of $2.55 gas in my garage... I.m ok for the next mi=ont or so. Then I quit driving.
adr47 Champion Author Saskatchewan Posts:5,667 Points:1,178,750 Joined:Nov 2008	Message Posted: Mar 17, 2011 10:43:27 PM Ignore adr47 Report Abuse Greed Rules
HiGramma Champion Author Michigan Posts:1,815 Points:445,690 Joined:Oct 2008	Message Posted: Mar 17, 2011 10:40:34 PM Ignore HiGramma Report Abuse Darn it! Prices were just starting to drop 3¢ and 2¢ at a time after 4pm this past week :( Oh yeah, abcdMA -- we can always walk. I don't have to sleep, I could just leave the house at 2am to get to work by 7-8AM, depending on where my contingency assignment is. I do walk every lunch break -- past dozens of foreclosure notices. Today's assignment was in a nice neighborhood, one of the most historically stable in this little city. Today it is in the same shape as the more derelict areas in terms of foreclosures. For the first time in my life, I saw houses on Court Street trashed and abandoned.
Chris46 Champion Author Dayton Posts:23,635 Points:2,077,565 Joined:Sep 2005	Message Posted: Mar 17, 2011 10:38:36 PM Ignore Chris46 Report Abuse NOthing surprises me anymore.
FlyNFool Champion Author South Carolina Posts:8,219 Points:1,680,975 Joined:Aug 2008	Message Posted: Mar 17, 2011 10:37:43 PM Ignore FlyNFool Report Abuse Oh no!
Rt118E Champion Author Pennsylvania Posts:9,470 Points:1,365,245 Joined:Jun 2009	Message Posted: Mar 17, 2011 10:33:34 PM Ignore Rt118E Report Abuse This is real bad news.
abcdMA Champion Author Worcester Posts:7,902 Points:1,570,980 Joined:Nov 2008	Message Posted: Mar 17, 2011 10:33:04 PM Ignore abcdMA Report Abuse walking is always an option
BTtech Sophomore Author Twin Cities Posts:190 Points:78,525 Joined:Dec 2010	Message Posted: Mar 17, 2011 10:31:28 PM Ignore BTtech Report Abuse I thought it gets better for a while
MattieDale Sophomore Author Cincinnati Posts:236 Points:207,275 Joined:Mar 2003	Message Posted: Mar 17, 2011 10:30:21 PM Ignore MattieDale Report Abuse I would love to say I am shocked but I would be telling a lie.
danreino Champion Author Twin Cities Posts:8,337 Points:1,537,705 Joined:Mar 2008	Message Posted: Mar 17, 2011 10:30:06 PM Ignore danreino Report Abuse Sometimes we forget that it isn't just the speculators who ripping us off. [Edited by: danreino at 3/17/2011 11:30:35 PM EST]
whaboush Champion Author Richmond Posts:1,233 Points:728,410 Joined:Nov 2010	Message Posted: Mar 17, 2011 10:29:52 PM Ignore whaboush Report Abuse Sticker shock at the pump!
daklipper Sophomore Author Virginia Posts:120 Points:43,025 Joined:Jun 2008	Message Posted: Mar 17, 2011 10:27:17 PM Ignore daklipper Report Abuse In VA having a price drop the past 2 days how long it will last I don't know
texasvet Champion Author Texas Posts:3,822 Points:359,750 Joined:Jul 2009	Message Posted: Mar 17, 2011 10:24:33 PM Ignore texasvet Report Abuse Gas prices going up? No surprise. It's going to get a lot worse if the riots and revolutions spread throughout the M.E. Not to worry, though. Our politicians are right on top of it - they'll be building another windmill or setting up another solar array any minute now. Before you know it, alternative energy will be all the way up to providing 2% of our energy needs. No need to drill for oil, that's too old-fashioned.
gmcgas Champion Author Atlanta Posts:5,932 Points:1,710,170 Joined:Mar 2004	Message Posted: Mar 17, 2011 10:21:32 PM Ignore gmcgas Report Abuse lets see..... am i surprized.... NO!!