Every day I look at the gas price sign at the Exxon as I get on the Northeast Extension of the Turnpike. It just sits there at $2.64 per gallon. It has been in that general vicinity for weeks. Then I think to myself WTF. I know oil prices have been plunging for the last two months. Where’s my fucking savings!!!
I’m tired of the bullshit about refinery maintenance, summer driving, and all the other made up excuses for why gas prices aren’t falling. Oil prices today are under $41 per barrel. They have fallen 33% since June 24. National gas prices are actually higher today than they were in early August. Gas prices have only fallen a minuscule 5% since June 24.
When oil prices rise, gas prices shoot up instantaneously. I want my fucking savings and I want it now!!!
Who do I see about this?
Look at VLO stock… there’s your delta between oil and gas prices.
I am back here in Wyoming and the price of diesel fuel was 2.43 at a pilot truck stop. That’s the best price for diesel I have seen in a long time.Diesel has been slowly going down for a while. On the Drudge Report Henry Kissinger said the main goal of American policy is to quote … break Russia…
That’s probably the real reason the price for diesel is going down. Just hope these fools don’t start a war.
It’s even worse in Denver…I was paying around $2.40 a couple of months ago. Today I just paid $2.73…WTF???
Your getting hosed at the pump.
I buy bulk in Indiana Diesel $1.81 gallon 2 weeks ago offroad. Add taxes for onroad.
Bought at $1.74 in July
LOL Too funny admin…. As the oil companies QUIETLY shut down refinery capacity to the point of actual winter consumption, they then have to take down refineries for maintenance in the spring, and VOILA!!!! you have an induced shortage for the summer months, which of course leads to higher prices!!
I want to get in on that kinda deal with beer!!!
Obama has issued a secret executive order to keep fuel prices high so his electric vehicle market doesn’t completely collapse.
Over $3.00 everywhere around here. We have been hit by the double whammy of our “summer blend” (yeah, because belching/burning untested chemicals MUST be better than known ones) and a “fire at a refinery in Indiana.”
Don’t get used to what little savings we have, I’m sure CONgress, or O bama, or the EPA, will use this lull in prices to enact more tarriffs and taxes while our costs are low.
Then, watch out.
Insanity lasts until it doeesn’t. Everyday I think it cannot become more insane, then it does. So it goes…
Da fuq?! Are you implying gas prices are manipulated?! Impossible!
1.99 inTerrell(ble) Tejas
Summer blend means that they cant add butane..it evaporatez.
According to the US Energy Information Agency……
(Uh, so they have an agency to inform on energy? 370 federal employees with a budget of $115 million…..that’s like $311,000 per employee….thanks Carter.)
“There were 140 operable petroleum refineries in the United States as of January 1, 2015.
Digging further, in 1982, there were 301 operable refineries in the U.S.
Should we be concerned with the loss of 161 oil refineries in 33 years? The root cause of all these closings, per the EIA, was the lower price per barrel and an overabundance of refinery capacity during the 80’s and 90’s.
The EIA explains that: “Refinery capacity isn’t the only factor in the price of gasoline, and it’s not the most important one either, that would be the cost of crude oil.
So…oil is at $40 a barrel…..
You could argue that the number of refinery closings over the past 33 years were choices intended to increase oil company profits because fewer refineries means less product in circulation…you know.
With oil at $40 a barrel, how many refinery closings will we see going forward? The obvious answer is government controlled and owned refinery’s.
Sanders 2016!
2.89 a gallon and holding steady. It’s bullshit. Just like the employment numbers and inflation numbers.
You remember when drunken brawler Sarah Palin said “Drill here, drill now!”
Yeh, utter BS.
When you post your local prices can you post your local total taxes as well?
I think they vary quite a bit from one place to another and distort comparisons.
card802,
Government owned and controlled refineries make prices irrelevant, actually getting a consistent and sufficient supply becomes the issue with government ownership and control.
Think the VA and healthcare for the vets, same thing with a different product.
Yeah, I always forget the sarc at the end of my
Sanders 2016!
Here in Southern Cali, we are paying $3.89 for major brand gasoline and about $3.49 for non-brand gasoline.
It’s a criminal racket if you ask me…
This is the one that belongs on ZH.
We just had a big tax increase on fuel here so that’s where my fucking savings went. Still, we’re under $3.00/gal so I guess that’s ok. I don’t get my skivvies in a knot over gas prices…….not much I can do about it so………….meh! It is curious that oil prices are down so low but price at the pump keeps going up.
Admin does not understand business. Buy low sell high. What is so hard to understand?
Savings for you mean lower profits for them. Never going to happen.
Card802 says “Sanders 2016!”
That will guarantee energy prices will at least double (might even triple).