Gas Prices
The price of gas went up 5 cents because the H word was said....A mouse also farted and it went up 3 cents...you can't win
People in the U.S. travel on long weekends, Holidays and in the summer months...raise the gas prices...make more ******* money...plain and simple. "They" are screwing us.
If it really "costs" so ******* much these days, then why in the hell have the oil companies profits been so higher than normal in the last couple of years? The only people it's "costing" is us. The oil companies are just reaping the benefits.
People in the U.S. travel on long weekends, Holidays and in the summer months...raise the gas prices...make more ******* money...plain and simple. "They" are screwing us.
If it really "costs" so ******* much these days, then why in the hell have the oil companies profits been so higher than normal in the last couple of years? The only people it's "costing" is us. The oil companies are just reaping the benefits.
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My 3/4 ton truck averages 11 and the Metro gets 37. At 60 miles a day the savings add up quick.
Refinery glitch sends gas higher
By BRAD FOSS
THE ASSOCIATED PRESS
WASHINGTON - Gasoline futures surged nearly 7 percent Tuesday on word of a large refinery snag, marking an almost 50-cent-per-gallon increase over the past month that is sure to send pump prices higher.
In Pueblo, pump prices started on their way up as early as late Tuesday afternoon. Some stations that were advertising $2.26 a gallon gas had changed the price to $2.36 by 3 p.m. The average price in Pueblo on Tuesday monring was $2.26.
‘‘We are looking at retail prices that will soon be above $2.50 gallon nationally, and could perhaps eclipse the $2.60 per gallon’’ level, said analyst Tom Kloza at Wall, N.J.-based Oil Price Information Service.
The average retail price of unleaded gasoline was $2.37 a gallon last week - the highest level since November, according to the Energy Department.
Gasoline futures rose 12.27 cents to settle at $1.866 a gallon on the New York Mercantile Exchange. Brokers said the rally was sparked after Amerada Hess Corp. said Tuesday that over the weekend it unexpectedly shut a gasoline producing unit at a refinery in St. Croix that it co-owns with Petroleos de Venezuela SA. The spokesman said repairs to the unit, which refines roughly 150,000 barrels of crude per day, could take up to two weeks.
‘‘I don’t think anybody was expecting to see that at the start of the day,’’ said Tom Bentz, a broker at BNP Paribas Commodity Futures in New York. ‘‘The gasoline market has been pretty strong recently anyway because we’re getting into the peak turnaround season.’’
The so-called turnaround season is when refiners shut down their plants to perform maintenance ahead of summer, which is traditionally the busiest period for gasoline production. It often causes supplies to tighten and prices to rise.
A month ago, gasoline futures settled at $1.38.
Also putting some upward pressure on prices on Tuesday were analysts’ expectations that U.S. government data scheduled to be released Wednesday will show a decline in gasoline inventories from a week ago.
Light sweet crude for April delivery gained $1.33 to close at $63.10 a barrel on Nymex. On London’s ICE Futures exchange, crude oil futures gained $1.71 to $63.91 per barrel.
Meanwhile, the International Energy Agency, a watchdog for the world’s energy consumers, on Tuesday lowered its 2006 oil demand estimate by 290,000 barrels per day because of persistently high fuel prices and slowing consumption in Southeast Asia.
Nymex oil prices had surged $1.81 on Monday to settle at $61.77 on nagging concerns about unrest in Nigeria and the possibility of U.N. sanctions against Iran, the No. 2 producer within OPEC, for its nuclear ambitions.
In Nigeria, recent attacks by militants on pipelines and oil facilities have left the country’s production down by about 400,000 barrels a day.
‘‘We would expect the potential for further chaos in Nigeria to provide a floor for prices around $60 a barrel, and we expect Nigeria will continue to be a major issue in terms of supply security up to, and probably beyond, next year’s elections,’’ wrote Barclays Capital’s analysts in a research note.
No it doesn't offset the cost at the pump much, but at least get something out of it.
Alabama 39.4
Alaska 26.4
Arizona 37.4
Arkansas 40.1
California 50.4
Colorado 40.4
Connecticut 48.1
Delaware 41.4
Dist. of Columbia 38.4
Florida 48
Georgia 30.6
Hawaii 53.5
Idaho 43.4
Illinois 48.4
Indiana 36.5
Iowa 39.5
Kansas 42.4
Kentucky 39.8
Louisiana 38.4
Maine 41.9
Maryland 41.9
Massachusetts 39.9
Michigan 44.6
Minnesota 38.4
Mississippi 37.2
Missouri 35.4
Montana 46.2
Nebraska 43.8
Nevada 51.7
New Hampshire 39
New Jersey 32.9
New Mexico 36.4
New York 48.7
North Carolina 40.8
North Dakota 39.4
Ohio 40.4
Oklahoma 35.4
Oregon 42.4
Pennsylvania 45.1
Rhode Island 49.4
South Carolina 35.2
South Dakota 42.4
Tennessee 39.8
Texas 38.4
Utah 42.9
Vermont 38.4
Virginia 37.3
Washington 41.4
West Virginia 43.8
Wisconsin 49.5
Wyoming 32.4
U.S. Average 42


