topic Re: Gas prices! in Community Chat

Gas prices!

emmysmom — Tue, 03 Mar 2015 15:54:57 GMT

Wish I'd gotten gas yesterday..its .10 more a gallon..why the raise?? Thought we were getting a break. Wish I had my VW bug!! Miss my bright yellow Bee..yes, I name my cars, all girls, of course!

Re: Gas prices!

terrier3 — Tue, 03 Mar 2015 15:56:26 GMT

I think this is the time of year when they switch to spring/summer gas mixes.

Plus there was a fire in CA that destroyed a refinery....and something else happened to another one too.

Re: Gas prices!

brii — Tue, 03 Mar 2015 15:57:40 GMT

We've been creeping up steady too. I want to say around Christmas, it was around $1.99. Now it's back up to $2.59, which is still better than the almost $5 it was about a year and a half ago.

Re: Gas prices!

emmysmom — Tue, 03 Mar 2015 16:03:18 GMT

On 3/3/2015 terrier3 said:
I think this is the time of year when they switch to spring/summer gas mixes.

Plus there was a fire in CA that destroyed a refinery....and something else happened to another one too.

Wow ! Sorry to hear that!

Re: Gas prices!

traveler — Tue, 03 Mar 2015 16:33:50 GMT

Refinery workers are on strike for better safety.

Refineries usually repaired, etc. this time of year.

Re: Gas prices!

terrier3 — Tue, 03 Mar 2015 16:38:48 GMT

On 3/3/2015 emmysmom said:
On 3/3/2015 terrier3 said:
I think this is the time of year when they switch to spring/summer gas mixes.

Plus there was a fire in CA that destroyed a refinery....and something else happened to another one too.

Wow ! Sorry to hear that!

Re: Gas prices!

KittyLouSoutenu — Tue, 03 Mar 2015 17:02:46 GMT

I heard on the news a few weeks ago that the upward trend will continue and that prices will get over $3.00/gal in the near future.

Re: Gas prices!

kdgn — Tue, 03 Mar 2015 17:17:58 GMT

Southern California gas prices have gone up, on average, $1.40 a gallon since Jan.

Re: Gas prices!

deepwaterdotter — Tue, 03 Mar 2015 17:24:05 GMT

I call my Charger ""Charlene"".

Re: Gas prices!

AuntG — Wed, 04 Mar 2015 02:03:16 GMT

It had been $1.87 for a short time, but where I fill up, it is now $2.32. What cracks me up is that people stopped buying fuel efficient cars when the price was low in favor of gas guzzlers.

Re: Gas prices!

MaRina — Wed, 04 Mar 2015 02:06:01 GMT

Not just the fire but also switching from winter to summer blend. It's always something, up over $3 a gallon now!

Re: Gas prices!

Marp2 — Wed, 04 Mar 2015 02:31:54 GMT

This is good news and back news at the same time:

NEW YORK (AP) — The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months.

For the past seven weeks, the United States has been producing and importing an average of 1 million more barrels of oil every day than it is consuming. That extra crude is flowing into storage tanks, especially at the country's main trading hub in Cushing, Oklahoma, pushing U.S. supplies to their highest point in at least 80 years, the Energy Department reported last week.

If this keeps up, storage tanks could approach their operational limits, known in the industry as "tank tops," by mid-April and send the price of crude — and probably gasoline, too — plummeting.

"The fact of the matter is we are running out of storage capacity in the U.S.," Ed Morse, head of commodities research at Citibank, said at a recent symposium at the Council on Foreign Relations in New York.

Morse has suggested oil could fall all the way to $20 a barrel from the current $50. At that rock-bottom price, oil companies, faced with mounting losses, would stop pumping oil until the glut eased. Gasoline prices would fall along with crude, though lower refinery production, because of seasonal factors and unexpected outages, could prevent a sharp decline.

The national average price of gasoline is $2.44 a gallon. That's $1.02 cheaper than last year at this time, but up 37 cents over the past month.

Other analysts agree that crude is poised to fall sharply — if not all the way to $20 — because it continues to flood into storage for a number of reasons:

More: http://apnews.myway.com//article/20150303/us--oil_glut-full_tanks-0a79bd0803.html

Re: Gas prices!

Lotus — Wed, 04 Mar 2015 03:00:00 GMT

Gas went up $0.20/gallon last week on the North Shore of Long Island.

Re: Gas prices!

Shorty2U — Wed, 04 Mar 2015 03:06:25 GMT

Our gas was $1.15 a gallon last week because we grocery shop @ Giant and you get gas points. We do it all the time and never pay a lot for gas. (Plus we live 5 miles from my husbands job which is also in the country not far from our home).

Re: Gas prices!

Chalcedony — Wed, 04 Mar 2015 03:26:53 GMT

It is absolutely false to say that the recent explosion at the Torrance, CA refinery "destroyed" it. One piece of equipment in one process unit experienced an explosion - the remainder of the refinery remains in operation. The other refinery was shut down for safety purposes when its USW workers went out on strike. The primary sticking point for striking workers is refineries' and chemical plants' use of non-union contractors, not safety.

Re: Gas prices!

Lucky Charm — Wed, 04 Mar 2015 03:40:48 GMT

The market is running on speculation because of the striking United Steel Workers (USW) union. The speculation that if the workers never come to an agreement, refineries will start shutting down.

The refinery workers are not on strike for better safety.

The union is striking for a 6% increase in pay this year, a 6% increase next year (2016) and a 6% percent pay increase in 2017. Good luck with that.

The USW also want to control all the maintenance done inside of all refineries, not allowing other contractors (other unions) to do any of the work. They want all work done inside all refineries to be USW represented employees. So that all dues paid will be to USW exclusively. The USW president makes $350,000 a year. I don't know if the striking union members are making anything right now. If they are, it ain't much.

Re: Gas prices!

emmysmom — Wed, 04 Mar 2015 07:57:52 GMT

On 3/3/2015 deepwaterdotter said:
I call my Charger "Charlene".

Love that! My dad always named our cars too! I had an orange corvette, and my bf named it Blossom..!

Re: Gas prices!

Kati — Wed, 04 Mar 2015 08:00:53 GMT

On 3/3/2015 emmysmom said:
Wish I'd gotten gas yesterday..its .10 more a gallon..why the raise?? Thought we were getting a break. Wish I had my VW bug!! Miss my bright yellow Bee..yes, I name my cars, all girls, of course!

Me too! Of course, all girls....Sadie, Sophie and now Stella!

Love my little cars!