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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

 
Anonymous Coward
User ID: 69734096
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07/11/2015 01:16 PM
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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
yeah this is the gift you get for invasion of Iraq, Libya, etc.

they have enough of monopoly to fuck you around on gas prices with $1 swing in a day. buy low, sell high make trillions setting the prices.

plus the millions of stupid speculators trying to gamble on prices make it possible.

If we get control of Iran's oil it will be worse.


I'm surprised ZOG didn't invade Venezuela yet, they desperately want to. settled for Chavez dying.

If they got control of Russian oil production, and Iran it would be over. Total world domination. You know OPEC has gun to it's head with trigger cocked. OPEC drags their feet for one minute and it's good bye Saudi Arabian Kingdom, there would be cruise missiles hitting Saudi Palace in hours.

Creating new Fed Reserve backed by black gold.
Anonymous Coward
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07/11/2015 01:20 PM
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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
it's not the oil it's the refineries. Pumping oil is easy, drilling a hole in the sand and pumping it onto a ship is something anybody could do. Refineries are most complicated industrial complexes in the world.
Anonymous Coward
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07/11/2015 01:45 PM
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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 funny part is were still running cars on gasoline, while steam powered cars (which successfully operated with salt water) have been around since the 1900's
Resister

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07/11/2015 01:50 PM

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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
 Quoting: G3


Similar for me in TN. I think I paid about $2.70 last night to fill up the motorcycle. I'll take the truck out to fill up later today and report back this afternoon.
 Quoting: Resister


Reporting back. $2.77 for premium here in Middle TN.
"God forbid we should ever be 20 years without such a rebellion. The people cannot be all, & always, well informed... If they remain quiet under such misconceptions it is a lethargy, the forerunner of death to the public liberty... Let them take arms... What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots & tyrants. " - Thomas Jefferson in 1787
Loki Brenna

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07/13/2015 01:08 PM
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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
A stock or commodity has, to the mind, a fixed place in the chain of being,as much as a plant or a crystal.
And the greatest trading book ever written is ...:
[link to www.amazon.com (secure)]
Anonymous Coward
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07/13/2015 02:16 PM
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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
Hiked it up in Nevada too ! rant
Anonymous Coward
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07/13/2015 02:38 PM
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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.
 Quoting: Anonymous Coward 65385721


3.39 to 4.09 in 3 days is not normal.
Anonymous Coward
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07/17/2015 03:45 PM
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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
Stupid gas!!!
Oasisjack
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07/17/2015 04:04 PM
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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


That's the price for a barrel of crude oil not gas. It has to be refined which costs money then shipped that costs money, then the retailer has to buy it then distribute it which costs more money. finally the station owner has to mark it up to make profit. So per gallon of gas your paying 30% more for shipping charges due to inefficiency and 130% more for margins than it costs to produce.





GLP