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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

 
GodIsreal
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07/11/2015 02:22 AM
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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
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]

Last Edited by GodIsreal on 07/11/2015 03:20 AM
GodIsreal
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07/11/2015 02:31 AM
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Re: 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
Good time and place to have something like a Prius
Anonymous Coward
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07/11/2015 02:38 AM
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Re: 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
i'm guessing aaround here it's 3.30, i just looked at my gasbuddy and it's reporting 3.39 at shell, but that is one of the most expensive gas stations. it was under 3.00$ the other day. that in northern california north of sacramento
G3
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07/11/2015 02:47 AM

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Re: 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
pinit

gas_angry_man

obama-gas-prices
GodIsreal  (OP)

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07/11/2015 02:51 AM
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Re: 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
pinit

gas_angry_man

obama-gas-prices
 Quoting: G3


Good to see an old friend G3! THANKS FOR THE PIN REQUEST!

my gut feeling is the oil companies may have invested in the chinese stock market.. mabie cuz i don't know for sure...

but the chinese have change the rules on the fly so that investors cant sell there shares for 6 months!


they say shortages exist..??
GodIsreal
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07/11/2015 02:54 AM
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Re: 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
BTW...If anyone in Austin, TX wants to buy a Prius tomorrow, you should come to the biggest dealership in town. I've worked there for over a year and when gas prices go up, the manufacturer incentives for the Prius disapear.

As it stands now, unaffected by this new development, we are discounting them a ridiculous amount, and if gas goes up similarly here in Texas, you will be so happy you listened to this warning.
G3
G3

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07/11/2015 02:56 AM

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Re: 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
Good catch OP

Wow, just filled up here in AZ today for $2.64/gal.

I wonder if this hike is just in Cali or nationwide?


hiding
RelentlessDespot

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07/11/2015 02:58 AM
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Re: 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
I watched it rise a buck during my egress from Katrina almost a decade ago. I also waited in line at gas stations during said egress as the pumps ran dry.

That was, as they say, an eye opener.
Peace is a lie, there is only passion.
Through passion, I gain strength.
Through strength, I gain power.
Through power, I gain victory.
Through victory, my chains are broken.
The Force shall free me.

Or something
Anonymous Coward
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07/11/2015 03:00 AM
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Re: 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
I was in Orange yesterday and filled up my plug in Prius for $3.49 gallon before a trip this weekend. $22 total to fill and had driven around 600 miles. Yeah it is a gay ass little car, but at the gas station, it is sooo much better than the chev 4x4 truck I had before.
Anonymous Coward
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07/11/2015 03:01 AM
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Re: 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
Its a simple case of supply and manipulate market.

oops i meant demand?
GodIsreal  (OP)

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07/11/2015 03:24 AM
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Re: 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
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.
[link to money.cnn.com]

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?
GodIsreal
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07/11/2015 03:50 AM
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Re: 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
$2.50 in SW Florida. Regular was $2.59 for about a week, until yesterday.
Anonymous Coward
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07/11/2015 03:54 AM
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Re: 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
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.
[link to money.cnn.com]

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?
 Quoting: GodIsreal


why dont you go ask the gas station and tell us..
Anonymous Coward
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07/11/2015 04:00 AM
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Re: 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
otrike
GodIsreal  (OP)

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Re: 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
The company spokesperson has said there are shortages of oil currently being refined.

if the refineries in california are having problems what will this mean to other states?
GodIsreal
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07/11/2015 04:15 AM
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Re: 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
I noticed this today driving in Irvine too! I literally yelled out WTF, I just got it $1.25 cheaper yesterdaY! crazy
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07/11/2015 04:20 AM
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Re: 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
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.
[link to money.cnn.com]

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?
 Quoting: GodIsreal


why dont you go ask the gas station and tell us..
 Quoting: Anonymous Coward 69365173


You dont get 100% gasoline from a barrel of oil to start, that is crude oil, not refined gasoline.
zzcat
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07/11/2015 04:23 AM

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Re: 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
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]
 Quoting: GodIsreal


I saw the,same thing!! Overnight. And i knew the price of oil had dropped...so whats up?
zzcat

who says Schrodinger's cat is even in the box
Billxam

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07/11/2015 05:35 AM

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Re: 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
Did CA see an increase in gasoline taxes?

See, here's how all this works according to the industry experts here in Michigan when we wanted to know what the hell is up with gasoline prices.

The supply chain, you see, is very long - it takes up to two weeks for the gasoline produced at the lower per barrel price to reach the pump. That's why you don't see an immediate drop in gas prices when oil falls.

On the other hand, the supply chain is so short due to just in time stocks that the rise in oil prices is reflected at the pump within 24 hours of the price of a barrel of oil going up. Really, there's nothing we can do about that.

And that's how they explain it. No collusion between the companies or refineries of course. Honest to God that's how they explain it. That's in Michigan of course. Your state my do it differently.
Posted from the people's banana republic of Michigan

Proud member of A Brotherhood Against Totalitarian Enactments, Americans Who Hate Aging, proud supporter of attractive women.
Anonymous Coward
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07/11/2015 05:42 AM
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Re: 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
im confused about the gallon thing. there is british gallon, and there is american and you also have wet and dry gallon?
so which one is for your vehicle?
Anonymous Coward
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07/11/2015 05:49 AM
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Re: 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
doing all the math, with dollar conversions and gallon conversion. I would pay $6.28 in AZ, with swedish prices.
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07/11/2015 05:51 AM
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Re: 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
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.
[link to money.cnn.com]

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?
 Quoting: GodIsreal


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.
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07/11/2015 06:15 AM
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Re: 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
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]
 Quoting: GodIsreal


People often make the mistake a barrel of oil as the ultimate price at their gas pump. In reality, it's not, even at a $100 a barrel, it's still pretty damn cheap. No, what rules are the people with the refineries and the industrial capacity to process all the crude oil. They're the ones ultimately determining the price and the government adding their little sprinkle to it too. A lot of oil producers are not able to do anything with the oil other than to sell to the extremely small choice of people who have these refineries.
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07/11/2015 06:30 AM
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Re: 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
$ 2.39 here by Memphis
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07/11/2015 06:31 AM
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Re: 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
its pretty high in vegas also, about 3.23 gallon avg

used to be around 2.50 or so, when oil was 50 bucks a barrel

some fuckery goin on
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07/11/2015 06:48 AM
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Re: 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
The Socal gas market is its own market island due to CA gasoline specs and the refineries. It is much much more volatile than the rest of the u.s.

Prices on the pipeline went up $1/gal in two days because of delays in getting gasoline imports. No conspiracy. Just normal gasoline supply chain tightness in CA in the summer.
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07/11/2015 06:50 AM
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Re: 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
look at you all whining about your precious crude oil man lol oh noes it'll cost me $100 to fill my vette

welcome to our side
R. Wordsworth
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07/11/2015 07:14 AM

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Re: 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
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?
 Quoting: GodIsreal


A barrel of oil is only about 40% gasoline, and 20% diesel fuel.

The remaining 40% is other heavier hydrocarbons such as bunker fuel oil, motor oil, and grease.

There is also huge costs in transportation and refining. And keep in mind that nowadays gasoline is 10% ethanol, so that factors into the price as well.
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07/11/2015 07:34 AM
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Re: 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
The company spokesperson has said there are shortages of oil currently being refined.

if the refineries in california are having problems what will this mean to other states?
 Quoting: GodIsreal


Same reason CA doesn't have any fucking water = libtards!
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07/11/2015 07:36 AM
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Re: 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
Never knew of gas to jump $1 overnight. Ever.
catnahalf
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07/11/2015 07:36 AM

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Re: 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
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?
 Quoting: GodIsreal


A barrel of oil is only about 40% gasoline, and 20% diesel fuel.

The remaining 40% is other heavier hydrocarbons such as bunker fuel oil, motor oil, and grease.

There is also huge costs in transportation and refining. And keep in mind that nowadays gasoline is 10% ethanol, so that factors into the price as well.
 Quoting: R. Wordsworth


maybe they ran out of ethanol and had to sell real gas





GLP