Gasoline Goes up 1 dollar per gallon in 3 hours! Wait.. Oil is 53 a barrel and opec says go even lower on oil barrel price | |
Anonymous Coward User ID: 61940211 Netherlands 07/11/2015 02:31 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 69726930 Australia 07/11/2015 02:38 AM Report Abusive Post Report Copyright Violation | Re: Gasoline Goes up 1 dollar per gallon in 3 hours! Wait.. Oil is 53 a barrel and opec says go even lower on oil barrel price i'm guessing aaround here it's 3.30, i just looked at my gasbuddy and it's reporting 3.39 at shell, but that is one of the most expensive gas stations. it was under 3.00$ the other day. that in northern california north of sacramento |
G3
User ID: 48058967 United States 07/11/2015 02:47 AM Report Abusive Post Report Copyright Violation | |
GodIsreal
(OP) User ID: 55079092 United States 07/11/2015 02:51 AM Report Abusive Post Report Copyright Violation | Re: Gasoline Goes up 1 dollar per gallon in 3 hours! Wait.. Oil is 53 a barrel and opec says go even lower on oil barrel price Good to see an old friend G3! THANKS FOR THE PIN REQUEST! my gut feeling is the oil companies may have invested in the chinese stock market.. mabie cuz i don't know for sure... but the chinese have change the rules on the fly so that investors cant sell there shares for 6 months! they say shortages exist..?? GodIsreal |
Anonymous Coward User ID: 69043315 United States 07/11/2015 02:54 AM Report Abusive Post Report Copyright Violation | Re: Gasoline Goes up 1 dollar per gallon in 3 hours! Wait.. Oil is 53 a barrel and opec says go even lower on oil barrel price As it stands now, unaffected by this new development, we are discounting them a ridiculous amount, and if gas goes up similarly here in Texas, you will be so happy you listened to this warning. |
G3
User ID: 48058967 United States 07/11/2015 02:56 AM Report Abusive Post Report Copyright Violation | |
RelentlessDespot
Abrasive Fuck User ID: 62210104 United States 07/11/2015 02:58 AM Report Abusive Post Report Copyright Violation | Re: Gasoline Goes up 1 dollar per gallon in 3 hours! Wait.. Oil is 53 a barrel and opec says go even lower on oil barrel price I watched it rise a buck during my egress from Katrina almost a decade ago. I also waited in line at gas stations during said egress as the pumps ran dry. That was, as they say, an eye opener. Peace is a lie, there is only passion. Through passion, I gain strength. Through strength, I gain power. Through power, I gain victory. Through victory, my chains are broken. The Force shall free me. Or something |
Anonymous Coward User ID: 50097622 United States 07/11/2015 03:00 AM Report Abusive Post Report Copyright Violation | Re: Gasoline Goes up 1 dollar per gallon in 3 hours! Wait.. Oil is 53 a barrel and opec says go even lower on oil barrel price I was in Orange yesterday and filled up my plug in Prius for $3.49 gallon before a trip this weekend. $22 total to fill and had driven around 600 miles. Yeah it is a gay ass little car, but at the gas station, it is sooo much better than the chev 4x4 truck I had before. |
Anonymous Coward User ID: 61138010 United States 07/11/2015 03:01 AM Report Abusive Post Report Copyright Violation | |
GodIsreal
(OP) User ID: 55079092 United States 07/11/2015 03:24 AM Report Abusive Post Report Copyright Violation | Re: Gasoline Goes up 1 dollar per gallon in 3 hours! Wait.. Oil is 53 a barrel and opec says go even lower on oil barrel price The bottom may still lie ahead, as the market remains "massively oversupplied," the International Energy Agency said Friday. The report noted that Iraqi oil output was more than 4 million barrels a day -- an all-time high. The IEA, which monitors energy market trends for the world's richest nations, said global oil supply has surged an additional 550,000 barrels a day in June, rising in both OPEC and non-OPEC countries. OPEC supply rose by 340,000 barrels a day in June to its three year high of 31.7 million barrels a day. That means the cartel is producing 1.7 million barrels more than the official target OPEC ministers agreed to last month. [link to money.cnn.com] WHY IS GAS 4.71 A GALLON IN SOCAL? when there is a glut of oil? and 53 a barrel? barrel = 42 gallons 4 x 42=162-53= 109 profit? GodIsreal |
Anonymous Coward User ID: 66065083 United States 07/11/2015 03:50 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 69365173 United States 07/11/2015 03:54 AM Report Abusive Post Report Copyright Violation | Re: Gasoline Goes up 1 dollar per gallon in 3 hours! Wait.. Oil is 53 a barrel and opec says go even lower on oil barrel price Get ready for a new oil low. Quoting: GodIsreal The bottom may still lie ahead, as the market remains "massively oversupplied," the International Energy Agency said Friday. The report noted that Iraqi oil output was more than 4 million barrels a day -- an all-time high. The IEA, which monitors energy market trends for the world's richest nations, said global oil supply has surged an additional 550,000 barrels a day in June, rising in both OPEC and non-OPEC countries. OPEC supply rose by 340,000 barrels a day in June to its three year high of 31.7 million barrels a day. That means the cartel is producing 1.7 million barrels more than the official target OPEC ministers agreed to last month. [link to money.cnn.com] WHY IS GAS 4.71 A GALLON IN SOCAL? when there is a glut of oil? and 53 a barrel? barrel = 42 gallons 4 x 42=162-53= 109 profit? why dont you go ask the gas station and tell us.. |
Anonymous Coward User ID: 69732249 Australia 07/11/2015 04:00 AM Report Abusive Post Report Copyright Violation | |
GodIsreal
(OP) User ID: 55079092 United States 07/11/2015 04:01 AM Report Abusive Post Report Copyright Violation | Re: Gasoline Goes up 1 dollar per gallon in 3 hours! Wait.. Oil is 53 a barrel and opec says go even lower on oil barrel price The company spokesperson has said there are shortages of oil currently being refined. if the refineries in california are having problems what will this mean to other states? GodIsreal |
Anonymous Coward User ID: 27771298 United States 07/11/2015 04:15 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 68806922 United States 07/11/2015 04:20 AM Report Abusive Post Report Copyright Violation | Re: Gasoline Goes up 1 dollar per gallon in 3 hours! Wait.. Oil is 53 a barrel and opec says go even lower on oil barrel price Get ready for a new oil low. Quoting: GodIsreal The bottom may still lie ahead, as the market remains "massively oversupplied," the International Energy Agency said Friday. The report noted that Iraqi oil output was more than 4 million barrels a day -- an all-time high. The IEA, which monitors energy market trends for the world's richest nations, said global oil supply has surged an additional 550,000 barrels a day in June, rising in both OPEC and non-OPEC countries. OPEC supply rose by 340,000 barrels a day in June to its three year high of 31.7 million barrels a day. That means the cartel is producing 1.7 million barrels more than the official target OPEC ministers agreed to last month. [link to money.cnn.com] WHY IS GAS 4.71 A GALLON IN SOCAL? when there is a glut of oil? and 53 a barrel? barrel = 42 gallons 4 x 42=162-53= 109 profit? why dont you go ask the gas station and tell us.. You dont get 100% gasoline from a barrel of oil to start, that is crude oil, not refined gasoline. |
zzcat
User ID: 59092827 United States 07/11/2015 04:23 AM Report Abusive Post Report Copyright Violation | Re: Gasoline Goes up 1 dollar per gallon in 3 hours! Wait.. Oil is 53 a barrel and opec says go even lower on oil barrel price Driving around southern California I was looking for Gas under 3.60 a gallon... Quoting: GodIsreal when to my amazement I saw Gas at some stations at 4.71 per Gallon! I rushed back and still got Gas at 3.63 a Gallon and driving home saw.. 4.33---4.69..4.71~ Orange County wakes up to shock of $4.35 and climbing: Gas prices soar at independent stations Orange County motorists blinked Friday and saw gas prices top $4 a gallon at some of their neighborhood gas stations. At OC Gas on Grand Avenue in Santa Ana, prices shot up to $4.35 from $3.27 on Wednesday. Frank Zamarripa of Santa Ana was shocked when he saw the prices. The 78-year-old’s daily drive involves shuttling his great-grandchildren around town. “The price went up real bad. Whose fault is it? Let’s blame somebody,” he joked. “What can we do?” [link to www.ocregister.com] I saw the,same thing!! Overnight. And i knew the price of oil had dropped...so whats up? zzcat who says Schrodinger's cat is even in the box |
Billxam
User ID: 64581773 United States 07/11/2015 05:35 AM Report Abusive Post Report Copyright Violation | Re: Gasoline Goes up 1 dollar per gallon in 3 hours! Wait.. Oil is 53 a barrel and opec says go even lower on oil barrel price Did CA see an increase in gasoline taxes? See, here's how all this works according to the industry experts here in Michigan when we wanted to know what the hell is up with gasoline prices. The supply chain, you see, is very long - it takes up to two weeks for the gasoline produced at the lower per barrel price to reach the pump. That's why you don't see an immediate drop in gas prices when oil falls. On the other hand, the supply chain is so short due to just in time stocks that the rise in oil prices is reflected at the pump within 24 hours of the price of a barrel of oil going up. Really, there's nothing we can do about that. And that's how they explain it. No collusion between the companies or refineries of course. Honest to God that's how they explain it. That's in Michigan of course. Your state my do it differently. Proud to be UnV'd There is one constant in life: If you build something worth having, someone will try to take it or destroy it. Proud member of A Brotherhood Against Totalitarian Enactments, Americans Who Hate Aging, proud supporter of attractive women. |
Anonymous Coward User ID: 69735048 Sweden 07/11/2015 05:42 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 69735048 Sweden 07/11/2015 05:49 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 69483991 United States 07/11/2015 05:51 AM Report Abusive Post Report Copyright Violation | Re: Gasoline Goes up 1 dollar per gallon in 3 hours! Wait.. Oil is 53 a barrel and opec says go even lower on oil barrel price Get ready for a new oil low. Quoting: GodIsreal The bottom may still lie ahead, as the market remains "massively oversupplied," the International Energy Agency said Friday. The report noted that Iraqi oil output was more than 4 million barrels a day -- an all-time high. The IEA, which monitors energy market trends for the world's richest nations, said global oil supply has surged an additional 550,000 barrels a day in June, rising in both OPEC and non-OPEC countries. OPEC supply rose by 340,000 barrels a day in June to its three year high of 31.7 million barrels a day. That means the cartel is producing 1.7 million barrels more than the official target OPEC ministers agreed to last month. [link to money.cnn.com] WHY IS GAS 4.71 A GALLON IN SOCAL? when there is a glut of oil? and 53 a barrel? barrel = 42 gallons 4 x 42=162-53= 109 profit? Dude that's weird. I have a friend on my FB page who just put this up. He said gas would be going up in CA but he didn't say why. Henis a farmer down in Holtville area. Maybe he follows oil prices not sure. I have not seen a rise here though. |
Anonymous Coward User ID: 24957083 United States 07/11/2015 06:15 AM Report Abusive Post Report Copyright Violation | Re: Gasoline Goes up 1 dollar per gallon in 3 hours! Wait.. Oil is 53 a barrel and opec says go even lower on oil barrel price Driving around southern California I was looking for Gas under 3.60 a gallon... Quoting: GodIsreal when to my amazement I saw Gas at some stations at 4.71 per Gallon! I rushed back and still got Gas at 3.63 a Gallon and driving home saw.. 4.33---4.69..4.71~ Orange County wakes up to shock of $4.35 and climbing: Gas prices soar at independent stations Orange County motorists blinked Friday and saw gas prices top $4 a gallon at some of their neighborhood gas stations. At OC Gas on Grand Avenue in Santa Ana, prices shot up to $4.35 from $3.27 on Wednesday. Frank Zamarripa of Santa Ana was shocked when he saw the prices. The 78-year-old’s daily drive involves shuttling his great-grandchildren around town. “The price went up real bad. Whose fault is it? Let’s blame somebody,” he joked. “What can we do?” [link to www.ocregister.com] People often make the mistake a barrel of oil as the ultimate price at their gas pump. In reality, it's not, even at a $100 a barrel, it's still pretty damn cheap. No, what rules are the people with the refineries and the industrial capacity to process all the crude oil. They're the ones ultimately determining the price and the government adding their little sprinkle to it too. A lot of oil producers are not able to do anything with the oil other than to sell to the extremely small choice of people who have these refineries. |
Anonymous Coward User ID: 69195968 United States 07/11/2015 06:30 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 69440881 United States 07/11/2015 06:31 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 65385721 United States 07/11/2015 06:48 AM Report Abusive Post Report Copyright Violation | Re: Gasoline Goes up 1 dollar per gallon in 3 hours! Wait.. Oil is 53 a barrel and opec says go even lower on oil barrel price Prices on the pipeline went up $1/gal in two days because of delays in getting gasoline imports. No conspiracy. Just normal gasoline supply chain tightness in CA in the summer. |
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Anonymous Coward User ID: 67064280 United States 07/11/2015 07:14 AM Report Abusive Post Report Copyright Violation | Re: Gasoline Goes up 1 dollar per gallon in 3 hours! Wait.. Oil is 53 a barrel and opec says go even lower on oil barrel price WHY IS GAS 4.71 A GALLON IN SOCAL? when there is a glut of oil? Quoting: GodIsreal and 53 a barrel? barrel = 42 gallons 4 x 42=162-53= 109 profit? A barrel of oil is only about 40% gasoline, and 20% diesel fuel. The remaining 40% is other heavier hydrocarbons such as bunker fuel oil, motor oil, and grease. There is also huge costs in transportation and refining. And keep in mind that nowadays gasoline is 10% ethanol, so that factors into the price as well. |
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Anonymous Coward User ID: 58787739 United States 07/11/2015 07:36 AM Report Abusive Post Report Copyright Violation | |
catnahalf
Deplorables assemble User ID: 36706549 United States 07/11/2015 07:36 AM Report Abusive Post Report Copyright Violation | Re: Gasoline Goes up 1 dollar per gallon in 3 hours! Wait.. Oil is 53 a barrel and opec says go even lower on oil barrel price WHY IS GAS 4.71 A GALLON IN SOCAL? when there is a glut of oil? Quoting: GodIsreal and 53 a barrel? barrel = 42 gallons 4 x 42=162-53= 109 profit? A barrel of oil is only about 40% gasoline, and 20% diesel fuel. The remaining 40% is other heavier hydrocarbons such as bunker fuel oil, motor oil, and grease. There is also huge costs in transportation and refining. And keep in mind that nowadays gasoline is 10% ethanol, so that factors into the price as well. maybe they ran out of ethanol and had to sell real gas |