You can say that again!

http://www.vancouvergasprices.com/Surrey/index.aspx

They might have "slumped" today but that's a slump from another peak price. Gas around here is 3.25+ when before the present peak price in futures it was 2.86.

Why? Because they can. Lay it at the feet of the Koch brothers who brought oil speculation to the market in 2004, and whose fortunes have nearly quadrupled since then. If there were any two people less deserving of the gift of breathing than these two, I sure as hell don't know who they could possibly be.

That's SIX BUCKS a gallon!

words fail

It's not for we peons, ya know. It's for our Asian overlords and the locals in thrall to them.

is like a get out free pass for the JPmorgans, the BOA's, and the federal reserve.

so get it while they can. I think we'll see prices drop after breaks over. Back to still-too-high but down from ridiculous

Buy gas at 3.29, hold for 10 weeks and sell for .60 more than what you paid.

1,000 gallons = $600 profit

10,000 gallons = $ 6,000 profit

100,000 gallons = $60,000 profit.

See where this is going?

1) crude oil is not a retail product but a raw material
2) you may be referring to gasoline prices and the article touches on why gasoline prices are high despite the oversupply of crude:

this leaves high supplies of the raw material (which drives down the price) and a lack of capability to refine in gasoline, lowering supply (which drives up the price).

3) the above referenced maintenance is, in part, driven by the reformulation of gas from the required winter blend to the required summer blend.

My guess is that there will be a decrease in gasoline prices as the refineries come off from their maintenance cycle and begin producing gasoline.

Whatever.