Picked this article off the internets feeder (NOT ta be cofused with our own idiot feeder...) that points out facts, nothing more, and reflects the Midwest's pump prices as of last Friday:
Government forecasts 'modest' increases in U.S. gas prices
U.S. drivers should expect to see a modest further increase in gasoline prices as refinery outages cut supply and plants begin making more expensive summer-grade fuels, according to a new government report.
Retail gasoline, already at a record level for this time of year, hasnt yet caught up with a steep rise in wholesale prices in 2013, the Energy Information Administration, the Energy Departments statistical arm, said on its website late Thursday.
Gasoline at the pump has climbed 45 cents a gallon since the beginning of the year, the agency said.
Despite the significant rise in retail gasoline prices since the start of the year, a part of the even steeper rise in wholesale prices has not been fully reflected in pump prices, the agency said in its This Week in Petroleum report.
Scheduled and unplanned refinery shutdowns across the country, coupled with the seasonal switch in fuel specifications, triggered a surge in wholesale prices.
Plant shutdowns on the West Coast have been particularly heavy, with more than 300,000 barrels a day of fluid catalytic cracking capacity offline at one point in January, the agency said.
While some capacity has come back online, several outages persist in the region, the EIA said.
Even as refineries restore production over the next several weeks, new supplies will be countered by a typical increase in demand at the beginning of spring and short-term gasoline prices will remain volatile and sensitive to unplanned outages, the EIA said.
Retail gasoline prices averaged $3.65 a gallon, up 18 cents in the past week on the Missouri side of the St. Louis area, according to AAA Fuel Gauge Report on Friday. Theyre up 20 cents, to $3.85, in the Metro East.
The Krink said
10:11 AM, 02/25/13
Well "they know" they can get petrol prices above $4 without a revolution. There is no end to the "excuses" they can make up to justify the rising price. Above $4, things can fall apart fairly rapidly. Food and everything else can double in price because of the petrol prices. Whatever we pay in the USA for petrol is about half what the rest of the world pays for it. Europe has been in the $7-8 a gallon for the last 20+years. It's no wonder why the automobile companys in Europe are so "gas mileage conscious". So if you were "interested" in putting a "big screwge" on the USA in a "lot"of ways, just keep raising the petrol prices to where there is an eventual collapse.
Freddie Krueger said
4:15 PM, 02/25/13
The high gas prices was the catalyst of the recession in 2009.
Thunderwagon5000 said
5:31 PM, 02/25/13
Freddie Krueger wrote:
The high gas prices was the catalyst of the recession in 2009.
Picked this article off the internets feeder (NOT ta be cofused with our own idiot feeder...) that points out facts, nothing more, and reflects the Midwest's pump prices as of last Friday:
Government forecasts 'modest' increases in U.S. gas prices
U.S. drivers should expect to see a modest further increase in gasoline prices as refinery outages cut supply and plants begin making more expensive summer-grade fuels, according to a new government report.
Retail gasoline, already at a record level for this time of year, hasnt yet caught up with a steep rise in wholesale prices in 2013, the Energy Information Administration, the Energy Departments statistical arm, said on its website late Thursday.
Gasoline at the pump has climbed 45 cents a gallon since the beginning of the year, the agency said.
Despite the significant rise in retail gasoline prices since the start of the year, a part of the even steeper rise in wholesale prices has not been fully reflected in pump prices, the agency said in its This Week in Petroleum report.
Scheduled and unplanned refinery shutdowns across the country, coupled with the seasonal switch in fuel specifications, triggered a surge in wholesale prices.
Plant shutdowns on the West Coast have been particularly heavy, with more than 300,000 barrels a day of fluid catalytic cracking capacity offline at one point in January, the agency said.
While some capacity has come back online, several outages persist in the region, the EIA said.
Even as refineries restore production over the next several weeks, new supplies will be countered by a typical increase in demand at the beginning of spring and short-term gasoline prices will remain volatile and sensitive to unplanned outages, the EIA said.
Retail gasoline prices averaged $3.65 a gallon, up 18 cents in the past week on the Missouri side of the St. Louis area, according to AAA Fuel Gauge Report on Friday. Theyre up 20 cents, to $3.85, in the Metro East.
a revolution. There is no end to the "excuses" they can make
up to justify the rising price. Above $4, things can fall apart
fairly rapidly. Food and everything else can double in price
because of the petrol prices. Whatever we pay in the USA
for petrol is about half what the rest of the world pays for it.
Europe has been in the $7-8 a gallon for the last 20+years.
It's no wonder why the automobile companys in
Europe are so "gas mileage conscious". So if you were
"interested" in putting a "big screwge" on the USA in a
"lot"of ways, just keep raising the petrol prices to where
there is an eventual collapse.
Really don't want to see that happen again.