What the....?? Gas prices just shot up $0.17 today!

Oil has been rather stable, pricewise, or so I thought. Anything dramatic change in gas supplies?


At least I found a station still at $2.08 so I went ahead and filled up (was needing to anyway was just going to delay it until the weekend)

... $2.43 from $2.28.

How DARE they win any state elections?? Now we will have statistics that say "Under Democrat Governor X, gas prices went up Y%!"

... the devious workings of the Repube mind...

That is just a little warning!

* prolly had his oil buds bring down the price in hopes of curbing the anti-repuke sentiment across the U.S. Now that the election is over, it's open season until next summer.

:)

Remarks by James Howard Kunstler
http://www.321energy.com/editorials/kunstler/kunst...

<snip>
The American public's failure to pay attention reached supernatural levels this week as our mass media gloated over falling gasoline prices -- down 24 cents, average, to pre-hurricane levels. The news media took this to mean that all the end-of-the-summer trouble is over with and things can now get back to normal, including especially an economy based on trade in suburban houses.

What they failed to notice is this: since the hurricanes shredded our Gulf of Mexico oil and gas capacity, Europe has been sending us 2 million barrels of crude oil and "refined product" a day from its collective strategic petroleum reserve. The "refined product" includes 800,000 barrels of gasoline, plus diesel, aviation, and heating fuel. Meanwhile, US domestic production has fallen to around 4 million barrels of conventional crude a day. America uses close to 22 million barrels of oil a day. Bottom line: post-hurricane, total imports have accounted for 80 percent of America's oil consumption..

Now, the important part of all this is that last week the International Energy Agency (IEA), Europe's energy security watchdog, declared that it would now end the 2 million barrel a day shipments to the US. Not because they are hateful meanies, but because, after all, it is Europe's strategic reserve and they can't sell it all to us because, well, some strategic emergency might come up for them, too.

It will take a few weeks for the last of Europe's tankers to offload supplies and for the various fuels to work their way through the US fuels retail system. With US production and refining still crippled, we can look forward to watching the price of gasoline, heating oil, diesel and aviation fuel kick back up through Thanksgiving and on into the heart of the Christmas shopping season. At the same time, homeowners will be getting their first substantial heating bills of the season.

</snip>

the discrepancy between gasoline and diesel that has surfaced over the past 2-3 months (diesel had tradtionally been a little cheaper for years and years) - I know heating oil is essentially diesel fuel as well.

That would explain much of it

OK, so CNN's polls don't mean much, but I do find their choices of topics interesting sometimes.

http://www.cnn.com/POLLSERVER/results/21277.exclude.html

96:4 is the most lopsided poll result I've seen yet.

I didn't quite get why the price was dropping so fast.

Perhaps the oil companies figured the gig was up and they'd better "right-size" the prices before they get into TOO much trouble.

the high winds in the midwest today.

$0.18 drop at most stations.


Back down to $2.06.



weird.

When I left work, the competing corner gas stations were up to $2.24 or so, where they had been $2.08 yesterday. As of just before 5PM, the gas was still at the higher price.

http://www.louisvillegasprices.com

J-town on Taylorsville Rd. is at $2.06 but it's $2.25 along Hurstbourne and I-64.

I've never seen that page before. Bookmarked.