Gas prices about to jump again

[Sgt Beavis]

I saw this note on Ed Wallace's website:

Note from Ed: Be sure to fill up your gas tanks today. The price on the futures market has jumped almost thirty cents a gallon this past week. Ten cents just yesterday. Oil is falling, gas is going to other direction.

http://www.insideautomotive.com/

[stangin4lyfe]

If the price of oil is going down, why the increase in gas prices?
Just wondering because I always thought that they were correlated.

[Vertnut]

If the price of oil is going down, why the increase in gas prices?
Just wondering because I always thought that they were correlated.

Not so much anymore. One reason for the jump is the change in seasonal formula's. The additives the government now requires adds quite a bit to cost of refining gasoline and especially the added refinement for diesel.

[Captain Crawfish]

relief is near all oil bulls will be slaughtered

[stangin4lyfe]

Not so much anymore. One reason for the jump is the change in seasonal formula's. The additives the government now requires adds quite a bit to cost of refining gasoline and especially the added refinement for diesel.

I figured it had to do with the change from 10% to 15%, but didn't know.
Thanks,

[SMKR]

If the price of oil is going down, why the increase in gas prices?
Just wondering because I always thought that they were correlated.

opec

[Grape]

as big of a democrat as i am, in 1999, clinton signed a bill that allowed the trading of oil and gas futures. somebody got very wealthy in those first 2 years when pump gas doubled in price. the cost to refine gasoline has little to do with it these days, only a handfull of folks control the finished product and they sell to the highest bidder.

[Baron Von Crowder]

as big of a democrat as i am, in 1999, clinton signed a bill that allowed the trading of oil and gas futures. somebody got very wealthy in those first 2 years when pump gas doubled in price. the cost to refine gasoline has little to do with it these days, only a handfull of folks control the finished product and they sell to the highest bidder.

No No, its Bush's fault, remember?

[Grape]

No No, its Bush's fault, remember?

trust me, i wanted to blame that fucking financial trainwreck, but couldn't pin that on him.

[71chevellejohn]

Don't buy gas next Wednesday.

[SEB]

All I know is the shit is getting expensive & I dont see how people can afford to make Car payments & pay a mortgage & all the other bills in this world. I just wonder how long before it gets to $5.00 a gallon & see the consequences of the cost of fuel

[Cooter]

I don't see why people buy shit they can't afford

[YALE]

opec

What does OPEC have to do with American refineries?

[racrguy]

relief is near all oil bulls will be slaughtered

Be more specific. I could be one of these "oil bulls" you're talking about, depending on what you mean.

[BradM]

Be more specific. I could be one of these "oil bulls" you're talking about, depending on what you mean.

He's going to kill you.