Posted 02 August 2012 - 03:35 PM
Earlier today it was 3.66. Now coming home everyone is jumping to 3.95.
Looked at the news, but can't find anything happening to justify the jump.
Posted 02 August 2012 - 03:36 PM
Posted 02 August 2012 - 04:24 PM
Posted 02 August 2012 - 07:30 PM
"That pipeline supplies Chicagoland refineries with crude oil, and without crude oil, you can't make gasoline," explained DeHaan.
That's led to a concerning problem.
"Basically, there are more people looking to buy gasoline than there are refineries that have it themselves," said DeHaan. "Buyers are outnumbering sellers, and that's why the price is going up."
But that's for our area..
Posted 02 August 2012 - 11:53 PM
Posted 03 August 2012 - 05:05 AM
contrary to what Echo said, it's not "the gas companies want more money"...do some research on what goes into the price at the pump and you'll see who's REALLY making money.....
I hadn't heard about the pipeline leak....although I do know that there are far too few refineries
Posted 03 August 2012 - 08:02 AM
Also to make sure there is not an excess of refinery capacity, the USA exports a lot of refined products. If that were not happening, and our refineries only met domestic consumption, there would be no need for importation of "foreign oil".
Posted 03 August 2012 - 09:28 AM
it was 3.74 here on Tuesday...3.99 on Wednsday....and 4.19 yesterday.....
Ouch! It was $3.26 here yesterday.
Posted 04 August 2012 - 01:01 PM
Posted 05 August 2012 - 07:24 AM
Posted 05 August 2012 - 08:38 AM
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