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Thread: Fuel Prices

  1. #1
    Senior Member M&K's Retrievers's Avatar
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    Default Fuel Prices

    What's the deal? Diesel has gone from $3.88 to $4.05 in one week and is higher than all grades of gasoline. I guess Obama can juggle the fictional unemployment numbers but there is not much he can do about the real world fuel prices.
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    Senior Member gmhr1's Avatar
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    3.85 for regular
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    Senior Member helencalif's Avatar
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    Be happy you aren't in California. Regular well over $4 and over $5 in some areas. Diesel almost $6 or more in some areas.

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    Senior Member Sue Kiefer's Avatar
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    And diesel the less refined gas.
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    Senior Member Franco's Avatar
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    $3.54 here for gasoline. Production is way up but the value of the dollar is down.
    Collecting more taxes than is absolutely necessary is legalized robbery. Calvin Coolidge



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    And, we're still exporting both gasoline and diesel overseas. The oil companies are managing (limiting) supply on the domestic market to KEEP prices high. We have been producing more fuel every year since 2005.-Paul
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    Senior Member BonMallari's Avatar
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    its in the 3.80+ range here in Vegas...but what hurts us is the decreased traffic from Southern Calif due to the 5-6 dollar gas...its past 4 dollars a gallon in many spots in Idaho from the reports I have
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    Senior Member HPL's Avatar
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    $3.21 (with $0.12 discount card) but need to fill up today as they say going back up. Was $3.55 in Corpus Christi yesterday (and they refine it right there).
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    Senior Member Franco's Avatar
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    Quote Originally Posted by paul young View Post
    And, we're still exporting both gasoline and diesel overseas. The oil companies are managing (limiting) supply on the domestic market to KEEP prices high. We have been producing more fuel every year since 2005.-Paul
    Have a link for that info?

    We have always exported diesel and gas. Yet, you still don't know how the price of fuel is determined! Fuel retailers can buy all the fuel they want. Domestic supply is up but the dollar is weak!
    Collecting more taxes than is absolutely necessary is legalized robbery. Calvin Coolidge



  10. #10
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    The oil/gas system is rigged it does not matter who is in office. When Bush was in gas prices were $4.00 plus. Obama elected gas prices suddenly drop why? Can you say price manipulation. Exxon and the rest of the oil boys and politicians have rigged the system. What happened to supply and demand. Its all about the futures market and Wall Street, most of all futures sold are sold to "investors" that will never use the oil they bought. They hold it to drive up the price and sell it for a profit. The futures market was set up for company's that "USE" oil/gas to buy so they would have a set price for oil for 6 to 12 months at a time.
    It does not matter if the government demands all cars get 50 mpg or if they start drilling oil wells in VT or ND or where ever. The oil companies will close refineries and only make limited amounts of gasoline and fuel oil to keep prices high. I believe the economy will never get going when gas and fuel oil are as high as they are. Its called the fleecing of middle America, and it will never end until average Americans stand up together and say enough. Lets face it "MONEY IS POWER" so those with money have the power and the politicians.

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