Why have gas prices jumped 20 cents a gallon at the pumps

[.... callchet ....]

in the last two days ? ?

[Hoopla Phil]

1. I've been asking this for a while now.

Gas has continued to go up for the last 4 weeks yet oil is going down. The local refineries have put a halt to gasoline production for 3 weeks because all their storage tanks are full!!!!

We are in a glut of oil AND gasoline yet gas prices are going up???!!!

[Hoopla Phil]

15. What do you think the odds are

of getting a Fed investigation for price fixing? Something here just doesn't add up!!

[Jackpine Radical]

2. It's simple supply & demand.

They have the supply & they're demanding high prices for it. They have figured out that conspiracy in the form of price-rigging is more profitable than competition.

You know the Golden Rule--those who have the gold make the rules.

This is the Oily Rule variation. Those who have the oil make the rules.

[safeinOhio]

5. It has never been "supply and demand"

It has always been "what the market will bare". Capitalism 101.

[Jackpine Radical]

7. Isn't that what I just said?

[ipfilter]

17. It's useless to try and inject some rational

thought into a gas price bashing thread. It's all a vast conspiracy. Supply and demand have nothing to do with it.

[lostnotforgotten]

3. Refineries Have Cut Production

eom

[2Design]

9. yes they said they did not want prices to continue down - so they cut production

to get prices higher - once people save anywhere - the corporations, state governments, etc want to tax, raise prices, etc to keep their income the same while making sure everyone else gets less - local electric company said it was going to raise prices since people were using less electricity

[lostnotforgotten]

11. Funny How That Works - The Little Guy Always Gets Screwed

eom

[BeatleBoot]

4. Not here

Pretty stable at $1.89 for a while.

Detroit.

[rwenos]

6. Did Anyone Think Gas Prices Wouldn't Rise

after the election?

To answer the question another way: Why does a dog lick its genitalia? Because it can.

[EmperorHasNoClothes]

8. Spring Break is coming.

Travel Season. High Demand, so they decrease the production to milk us for everything they can?

[Blueberrybear]

10. I'm for term limits and capping lobbies

I read the same thing on Yahoo finace few weeks ago. Refineries are cutting back production so they can make more money.

I wish the gov. would create an energy policy. I think we have seen enough $$$ damage already. If we would have in some why controlled inflation in Energy, Education, Health Care & Regulated the damn bankers. I don't think we'd have all the problems we have now. I'm for term limits and capping lobbies.

[Frustratedlady]

12. Our prices also rose last week and early this week, but they went down

5 cents today. I'm hoping they will continue, as I'm almost dry.

[question everything]

13. Same here. Most of December prices have been around $1.65

even $1.59 - a competition of two stations.

Now it is up to $189 and even $1.95. $2.00 is just around the corner. And it is not as if there is much demand. I drive the same roads at the same time around rush hour and it is clear that traffic has reduced significantly.

[leftofthedial]

14. stocking the wine cellars of those Paruaguayan hideaways

takes some major scratch

[wuvuj]

16. Seasonal?

Unleaded Gas (NYM): (High: Apr-May//Low: Dec) Driving conditions worst in winter (Dec-Feb).

**Inventory building begins in March and peaks by Memorial Day (late May), traditional opening of US vacation and driving season.**

Heaviest consumption ends Labor Day (early Sep). Purchases delayed at end of year to avoid year-end inventory tax.


http://www.spectrumcommodities.com/education/commodity/charts/hu.html


Notice the low in mid Feb? Get ready for over $2 by Memorial day. And my guess would be that we might never see under $2 again.

This isn't Kansas anymore...people should get used to change...downsize?