Gas Prices

phil_n · Mar 19, 2015

This is a quote from a Bloomberg article today: "Oil prices have fallen more than 15 percent since March 4 to a six-year low of $42.3..."

Our gas just went up last night from $1.00 liter to $1.08 (8%). It went to $0.85 a month ago when some Saudi sneezed and has been climbing steadily since as the oil price stayed the same. And the government talks about being tough on crime.

Deere Scotty · Mar 20, 2015

The real problem with price is the lack of oil refineries. The government wont issue new licenses to open new ones, & look how much the demand for gas / diesel has gone up the last 30 years. Plus if even a small accident happens at one... the price goes up it seems 20, 30 cents a gallon in a few days, & up to 50 cents in a week, or two. I buy diesel, & I have seen reports that say I may be paying as much as 75 cents more per gallon than in necessary due Government regulation on the quality of diesel + lack of refineries! I have to add that people have the "NOT IN MY BACKYARD MENTALITY". Not knocking it; just saying that's the way it is. They don't want hog farms Nuclear Plants, & oil refineries close by!

VADAVE · Mar 20, 2015

Deere Scotty you are right to a point. It's not just the mentality of "not in my backyard" or the greed of the Saudi's there is also the greed of the oil companies and the insistence of the environmentalists to protect the environment. The keystone pipeline will not be built due to that and our President's agreement (politics). Right now prices are low because we (USA) have more oil than we have capacity to store it and prices are rising due to an accident/fire at a refinery.
This situation will continue until we come to our senses and elect a better president and more common sense legislators. Maybe 2016?

El Toro · Mar 20, 2015

I paid $2.30 for a gallon earlier this week. Hal

Lazy WP · Mar 20, 2015

The other thing is, with gas prices as low as they are, Nebraska and South Dakota both raised their gas taxes. Not sure about other states.

Brendon Warren · Mar 20, 2015

I paid 3.54 yesterday.

Geo-TH,In · Mar 20, 2015

3 days ago $2.16. Yesterday back to $2.39. Today
one place is $2.49. I have gasbuddy on my phone.
Comes in handy.

Mike M · Mar 20, 2015

In Ohio I paid $ 1.95 on Monday and by Wednesday it is now $ 2.39 !!!! While at the same time hearing how the barrel price kept falling.

Meangreen · Mar 20, 2015

@ LazyWP - Iowa just raised their gas tax and last I heard Nebraska was possibly considering raising theirs again, but had not raised it this year. I live in the vicinity of Omaha on the Iowa side and prices used to be about $0.10 cheaper in Iowa, but since raising the tax prices are about the same in NE & IA.

T in NE · Mar 20, 2015

Trouble is unless someone completely cleans house at epa and refills it with real scientists, and it quits getting used for cushy jobs for campaign donors, nothing will change. Right now it's mainly a revolving door for CEOs of alphabet soup environmental astroturf organizations to build political connections.

Dieselrider · Mar 20, 2015

Can you even put those words in the same sentence? "Common Sense" and "Legislatures"? Something just sounds really off about that thought. I don't think that is even possible.

Dachshund · Mar 20, 2015

It WAS down to $1.79, but is back up to $2.29
because of union morons.

LAA · Mar 20, 2015

That price is for the highest grades of the benchmark U.S.
crude, West Texas Intermediate, the Saudis are not getting
that much and ND shale oil was about $37.00 yesterday.
Taken in an historical context gas should be about $1.75 per
gallon right now with WTI at the current price, the difference
that Americans are paying is tax, both direct and indirect. It is
easy to forget that regulations are a form of taxation, when
companies are forced to comply with ever increasing
impediments to doing business the end user or consumer is
always going to pay for that compliance, in the USA the
consumer should pay because as citizens they are the ones
who vote the crackpots making the regulations and raising the
fuel taxes into office.

Icuby · Mar 20, 2015

Maybe the Lobyiest have to much power-money and our elected officials are filling their pockets too.

1206SWMO · Mar 20, 2015

$2.11 yesterday in Missouri.....In January it was $1.58..

old popper · Mar 20, 2015

Meangreen, I live about 65 mi. NE of Sioux City in Cherokee county. When the 10 cent tax went into effect Mar 1st, the pump price jumped 15 to 20 cents! Which crook got the rest?

old · Mar 20, 2015

Where am in Missouri gas was the last time I was in town $2.169

big fred · Mar 20, 2015

Well, to VADAVE's credit, he did say "more common sense". Considering our current administration and legislature, I'd say that's a pretty low bar.

howdy1960 · Mar 20, 2015

In my part of NY I've seen prices drop about 3 cents this week. Holding around 2.50 a gallon right now. Lowest I seen was 2.15 before going up.

old · Mar 20, 2015

Just go back from town. Gas is down to $2.099 today so gas has dropped in the last few days

Motorcraftman · Mar 20, 2015

Got some at $2.07 Today in N. Ga Larry

mkirsch · Mar 20, 2015

Keep in mind that gas prices lag behind oil prices when oil goes down. Of course they jump right up when oil goes up. That's just the way it is, and you'd do the same if you were in charge.

Rollie NE PA · Mar 20, 2015

Pennsylvania now has the highest gas tax in the nation. We also have some of the worst roads and bridges in the nation .

Spook · Mar 20, 2015

(quoted from post at 02:10:44 03/20/15) The real problem with price is the lack of oil refineries. The government wont issue new licenses to open new ones, & look how much the demand for gas / diesel has gone up the last 30 years. Plus if even a small accident happens at one... the price goes up it seems 20, 30 cents a gallon in a few days, & up to 50 cents in a week, or two. I buy diesel, & I have seen reports that say I may be paying as much as 75 cents more per gallon than in necessary due Government regulation on the quality of diesel + lack of refineries! I have to add that people have the "NOT IN MY BACKYARD MENTALITY". Not knocking it; just saying that's the way it is. They don't want hog farms Nuclear Plants, & oil refineries close by!

Pure BS. They have closed down the small refineries because it is cheaper to run big ones. You need the same number of folks to run a small one as a big one. Economy of scale, just like big dairy farms.

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