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Posted: 1/6/2006 2:32:21 PM EDT
The store down the street raised the price 3 times in 2 days.

Whats going on??? happening in your area also??
Link Posted: 1/6/2006 2:33:14 PM EDT

Originally Posted By Wash-Ar15:
The store down the street raised the price 3 times in 2 days.

Whats going on??? happening in your area also??



Yes.

Cheney told Bush to raise gas prices to help out his big oil buddies.
Link Posted: 1/6/2006 2:33:51 PM EDT
Link Posted: 1/6/2006 2:40:24 PM EDT
Crude hit 64 bux a barrel yesterday because of the Ariel Sharon illness.
Link Posted: 1/6/2006 2:42:38 PM EDT
Because they can, plain and simple.
Link Posted: 1/6/2006 2:43:30 PM EDT

Originally Posted By KAINAM-13:
Because they can, plain and simple.



Because we pay it,plain and simple.
Link Posted: 1/6/2006 2:44:14 PM EDT

Originally Posted By Dilbert_556:
Crude hit 64 bux a barrel yesterday because of the Ariel Sharon illness.



+1
Link Posted: 1/6/2006 2:45:37 PM EDT

Originally Posted By Dilbert_556:
Crude hit 64 bux a barrel yesterday because of the Ariel Sharon illness.




the commodities market never ceases to amaze me
Link Posted: 1/6/2006 2:49:29 PM EDT
damn, I didn't realize it was nation-wide. It went from 2.11 to 2.30 in about 36 hours here
Link Posted: 1/6/2006 2:52:40 PM EDT
Supposedly the oil started to go up last week because of a situation in the Ukraine. Russia, the supplier of natural gas for the Ukraine and other countries in Western Europe, wanted Ukraine to pay "market rates" - I assume the same rates as the Western European customers. Uraine wanted lower rates. Russia cut their natural gas supply. At least that was the story used to "justify" or at least rationalize the increase in oil prices. One then has to accept that customers getting reduced natural gas could, and would, shift over to oil quickly and buy up the spot market. The other day, it was announced that Russia and Ukraine had reached an "accord". However, that news was not so loudly proclaimed, and ther has been very little movement (in proportion) of crude prices. Some - and, I'm just guessing here - might conclude that market "manipulators" and speculators were taking advantage of a situation and its reporting to move a market. Of course, there is no basis for that .

Mr. Sharon's illness may have contributed a rise of possibly $1.50 per bbl., which is about 3-4 cents per gallon.
Link Posted: 1/6/2006 2:52:48 PM EDT

Originally Posted By HarrySacz:

Originally Posted By KAINAM-13:
Because they can, plain and simple.



Because we pay it,plain and simple.



+1
Link Posted: 1/6/2006 2:54:46 PM EDT
Because Billionares like Dick Rainwater are investing heavily in it. I'd bet dollars to dimes that Soros is in on this too.
Link Posted: 1/6/2006 2:55:33 PM EDT
Gasoline went up by $0.10 to $2.20 for reg unl in the San Gabriel Valley 10 miles east of Los Angeles.. All of this talk about Russia shutting off NG to the Ukraine and Western Europe has probably made the commodity traders very nervous.
Link Posted: 1/6/2006 2:55:36 PM EDT
[Last Edit: 1/6/2006 2:56:01 PM EDT by MTUSA]
Up to $2.49 for 87 octane here
Link Posted: 1/6/2006 2:58:15 PM EDT

Originally Posted By HarrySacz:

Originally Posted By KAINAM-13:
Because they can, plain and simple.



Because we pay it,plain and simple.



Indeed. In the future history will show how we were getting fleeced right now. Demand is pretty inelastic on this stuff. We have to pay what ever the asking price is. It will take us years to put a significant dent in oil consumption.
Link Posted: 1/6/2006 3:06:52 PM EDT
We keep buying oversized, bad handling, bad braking SUVs...
Link Posted: 1/6/2006 3:13:50 PM EDT
here ya go [link/]today.reuters.com/news/newsarticle.aspx?type=businessNews&storyid=2006-01-06T152628Z_01_HO655554_RTRUKOC_0_US-MARKETS-OIL.xml&rpc=23[link]

in a nut shell...middle east concersn with Sharon, Russia screwing Euro on natural gas exports, Iran still talking about nuking the world, throw in a little Venezuela and where is that new nutball from Bolivia or something....

This is the problem when you get a bunch of selfish fools blocking any efforts to support your own damn energy needs.
Link Posted: 1/6/2006 3:15:02 PM EDT

Originally Posted By Dilbert_556:
Crude hit 64 bux a barrel yesterday because of the Ariel Sharon illness.



And the spot market is up $0.30 over the last 3 weeks.
Link Posted: 1/6/2006 3:18:20 PM EDT
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