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  • Gas prices raise as oil prices drop.....

    don't u love Holidays.......in Sidney today at 7 am was $3.39 at 5pm it was $3.79.......and i think a barrel dropped today to around $91.......

  • #2
    Most places in this area jumped up to 3.80.

    Comment


    • #3
      here's a start...the President of Speedway Gas is Tom Kenney.....phone number is 1800 643-1948......seems like Speedway raises faster then others........calling hours is 9am till 5:30....... oil prices at a 7th month low......closed today at $91.48.......

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      • #4
        Originally posted by minsterman View Post
        don't u love Holidays.......in Sidney today at 7 am was $3.39 at 5pm it was $3.79.......and i think a barrel dropped today to around $91.......
        Made it to $3.39? Wow. I don't think it got below $3.50 in Columbus before the increase today.

        Plus, I think we go to the higher-priced "environmentally-friendly" gasoline on June 1. No relief for the pure in heart.

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        • #5
          But there is not price gouging or price fixing, just ask the oil companies

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          • #6
            Time to beat up the speculators again!

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            • #7
              This is likely the most devastating development in the energy sector - http://www.foxnews.com/opinion/2012/...#ixzz1vdALNXOI

              Read it and weep:
              Last week PJM Interconnection, the company that operates the electric grid for 13 states (Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia) held its 2015 capacity auction. These are the first real, market prices that take Obama’s most recent anti-coal regulations into account, and they prove that he is keeping his 2008 campaign promise to make electricity prices “necessarily skyrocket.”

              The market-clearing price for new 2015 capacity – almost all natural gas – was $136 per megawatt. That’s eight times higher than the price for 2012, which was just $16 per megawatt. In the mid-Atlantic area covering New Jersey, Delaware, Pennsylvania, and DC the new price is $167 per megawatt. For the northern Ohio territory served by FirstEnergy, the price is a shocking $357 per megawatt.

              Why the massive price increases? Andy Ott from PJM stated the obvious: “Capacity prices were higher than last year's because of retirements of existing coal-fired generation resulting largely from environmental regulations which go into effect in 2015.” Northern Ohio is suffering from more forced coal-plant retirements than the rest of the region, hence the even higher price.
              Did ya catch that? 8 times higher. Hmmm...if you like to run your A/C in the summer and it costs about $200/mo for the electricity, then you are looking at paying $1,600 if they pass all costs along to the end users. And people want to re-elect the architect of this travesty.

              These are not computer models or projections or estimates. These are the actual prices that electric distributors have agreed to pay for new capacity. The costs will be passed on to consumers at the retail level.

              House Energy and Power Subcommittee Chairman Ed Whitfield (R-Ky.) aptly explained: “The PJM auction forecasts a dim future where Americans will be paying more to keep the lights on. We are seeing more and more coal plants fall victim to EPA’s destructive regulatory agenda, and as a result, we are seeing more job losses and higher electricity prices.”
              For those that believed that "Cap-n-Trade" legislation failed, what do you think now? Barry used the EPA to circumvent Congress and has implemented an all out assault on fossil fuels. Is it any wonder the inmate almost beat Barry in WV primary a few weeks ago?

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              • #8
                Gas prices and daily oil fluctuations are not correlated in the short run. The gas price you are paying now is a combination of oil futures, oil already in the pipeline, refining costs and current taxes.

                Once again, they are not correlated. Stop whining.

                Comment


                • #9
                  At some point I am wondering if a gallon of gas will cost more than a barrel of oil? LOL Oil has dropped about $15.00 a barrel over the last month or 2 and the price at the pump has actually gone up.

                  Comment


                  • #10
                    Originally posted by Zunardo View Post
                    Made it to $3.39? Wow. I don't think it got below $3.50 in Columbus before the increase today.
                    The cheapest I saw around Columbus was $3.58 yesterday, it's $3.79 today.

                    Comment


                    • #11
                      Originally posted by jgord24 View Post
                      At some point I am wondering if a gallon of gas will cost more than a barrel of oil? LOL Oil has dropped about $15.00 a barrel over the last month or 2 and the price at the pump has actually gone up.
                      Once again, no correlation. 3 months from now, you will probably see a decrease in the price of gas at the pump. When you see the price of oil drop, that's a 3 month future price. It takes about slightly over 3 months for those futures to start infiltrating the market and thus dropping the price.

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                      • #12
                        Then how come when the price of oil goes up, the price at the pump goes up the next day? Also when it goes up it can go up 10, 20, 30 cents or more. When it goes down most of the time it will be less than a nickel at a time.

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                        • #13
                          Originally posted by BGFalcons82 View Post
                          This is likely the most devastating development in the energy sector - http://www.foxnews.com/opinion/2012/...#ixzz1vdALNXOI

                          Read it and weep:


                          Did ya catch that? 8 times higher. Hmmm...if you like to run your A/C in the summer and it costs about $200/mo for the electricity, then you are looking at paying $1,600 if they pass all costs along to the end users. And people want to re-elect the architect of this travesty.



                          For those that believed that "Cap-n-Trade" legislation failed, what do you think now? Barry used the EPA to circumvent Congress and has implemented an all out assault on fossil fuels. Is it any wonder the inmate almost beat Barry in WV primary a few weeks ago?

                          Actually, what we are hearing from FirstEnergy is that they are just closing coal fired generating plants because they can replace them with cheaper, cleaner plants fired by natural gas. FirstEnergy is not predicting huge price increases here in NE Ohio.

                          BTW, natural gas IS a fossil fuel. But, don't let that fact get in the way of your all-out irrational attack on the administration.

                          I fully support running the price of electricity generated by fossil fuels through the roof. That will FORCE people to speed up the conversion to alternative forms of sustainable energy. The only thing holding back some of these alternative forms is becoming competitive, and a few of them are VERY CLOSE to costing less than coal fired power.

                          Comment


                          • #14
                            Originally posted by sleeper View Post
                            Gas prices and daily oil fluctuations are not correlated in the short run. The gas price you are paying now is a combination of oil futures, oil already in the pipeline, refining costs and current taxes.

                            Once again, they are not correlated. Stop whining.
                            Not to mention predicted higher demand due to holiday travel. The original point of the thread is correct...given the chance to profit from temporary increased demand and usage, the people running the oil companies would be fired by their shareholders if they didn't seize the opportunity. And THAT'S why we need MORE government regulation.

                            Comment


                            • #15
                              Originally posted by jimmacqueen View Post
                              Not to mention predicted higher demand due to holiday travel. The original point of the thread is correct...given the chance to profit from temporary increased demand and usage, the people running the oil companies would be fired by their shareholders if they didn't seize the opportunity. And THAT'S why we need MORE government regulation.
                              More regulation of an industry that already sports one of the lowest profit margins on the planet?

                              It's funny 'cause you're serious.

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