Gas prices about to jump again

[slow99]

That's what I was thinking, but I'm giving him the opportunity to rethink his monumental error in judgement. Or possibly I'm just taking what he said incorrectly.

Just ignore him. He's saying people long oil (bullish) are going to lose $.

[racrguy]

He's going to kill you.

That's what I was thinking, but I'm giving him the opportunity to rethink his monumental error in judgement. Or possibly I'm just taking what he said incorrectly.

[2cammer97]

I don't see why people buy shit they can't afford

Ignorance and entitlement? The government does it so it must be ok.

Marcus

[BradM]

Be more specific. I could be one of these "oil bulls" you're talking about, depending on what you mean.

He's going to kill you.

[racrguy]

relief is near all oil bulls will be slaughtered

Be more specific. I could be one of these "oil bulls" you're talking about, depending on what you mean.

[YALE]

opec

What does OPEC have to do with American refineries?

[Cooter]

I don't see why people buy shit they can't afford

[SEB]

All I know is the shit is getting expensive & I dont see how people can afford to make Car payments & pay a mortgage & all the other bills in this world. I just wonder how long before it gets to $5.00 a gallon & see the consequences of the cost of fuel

[71chevellejohn]

Don't buy gas next Wednesday.

[Grape]

No No, its Bush's fault, remember?

trust me, i wanted to blame that fucking financial trainwreck, but couldn't pin that on him.

[Baron Von Crowder]

as big of a democrat as i am, in 1999, clinton signed a bill that allowed the trading of oil and gas futures. somebody got very wealthy in those first 2 years when pump gas doubled in price. the cost to refine gasoline has little to do with it these days, only a handfull of folks control the finished product and they sell to the highest bidder.

No No, its Bush's fault, remember?

[Grape]

as big of a democrat as i am, in 1999, clinton signed a bill that allowed the trading of oil and gas futures. somebody got very wealthy in those first 2 years when pump gas doubled in price. the cost to refine gasoline has little to do with it these days, only a handfull of folks control the finished product and they sell to the highest bidder.

[SMKR]

If the price of oil is going down, why the increase in gas prices?
Just wondering because I always thought that they were correlated.

opec

[stangin4lyfe]

Not so much anymore. One reason for the jump is the change in seasonal formula's. The additives the government now requires adds quite a bit to cost of refining gasoline and especially the added refinement for diesel.

I figured it had to do with the change from 10% to 15%, but didn't know.
Thanks,

[Captain Crawfish]

relief is near all oil bulls will be slaughtered