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Gasoline Goes up 1 dollar per gallon in 3 hours! Wait.. Oil is 53 a barrel and opec says go even lower on oil barrel price
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[quote:Anonymous Coward 69483991:MV8yOTAwNjczXzUxMTE2OTM5XzY1Qjc1MDE=] [quote:GodIsreal:MV8yOTAwNjczXzUxMTE2MDcxXzYzM0QwM0I4] Get ready for a new oil low. The bottom may still lie ahead, as the market remains "massively oversupplied," the International Energy Agency said Friday. The report noted that Iraqi oil output was more than 4 million barrels a day -- an all-time high. The IEA, which monitors energy market trends for the world's richest nations, said global oil supply has surged an additional 550,000 barrels a day in June, rising in both OPEC and non-OPEC countries. OPEC supply rose by 340,000 barrels a day in June to its three year high of 31.7 million barrels a day. That means the cartel is producing 1.7 million barrels more than the official target OPEC ministers agreed to last month. http://money.cnn.com/2015/07/10/news/iea-oil-report/index.html WHY IS GAS 4.71 A GALLON IN SOCAL? when there is a glut of oil? and 53 a barrel? barrel = 42 gallons 4 x 42=162-53= 109 profit? [/quote] Dude that's weird. I have a friend on my FB page who just put this up. He said gas would be going up in CA but he didn't say why. Henis a farmer down in Holtville area. Maybe he follows oil prices not sure. I have not seen a rise here though. [/quote]
Original Message
Driving around southern California I was looking for Gas under 3.60 a gallon...
when to my amazement I saw Gas at some stations at 4.71 per Gallon!
I rushed back and still got Gas at 3.63 a Gallon and driving home saw.. 4.33---4.69..4.71~
Orange County wakes up to shock of $4.35 and climbing: Gas prices soar at independent stations
Orange County motorists blinked Friday and saw gas prices top $4 a gallon at some of their neighborhood gas stations.
At OC Gas on Grand Avenue in Santa Ana, prices shot up to $4.35 from $3.27 on Wednesday.
Frank Zamarripa of Santa Ana was shocked when he saw the prices. The 78-year-old’s daily drive involves shuttling his great-grandchildren around town.
“The price went up real bad. Whose fault is it? Let’s blame somebody,” he joked. “What can we do?”
[
link to www.ocregister.com
]
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