Diesel was running $3.59 yesterday, regular gas jumped at my house to $3.40 while 15 miles East only went up to $3.25-$3.30. Ain't no reason for it either, daggone speculators need to be hung for this BS. Libya only supplies 2% of the world, Saudi Arabia agreed to ramp up production to cover that 2% so why did prices go up? Libya also mainly supplies Europe, not us yet we are affected while Europe has largely been unaffected as of yet.

 

diesel in N.Z $1.55 a litre,91 octane gas $2.09 litre dont no how that compares with yours bit more shipping to get it here

 

is that your couch she sitting on, shania must be in the bad books

 

If my math is right, your diesel is $6.75/gal USD, and your high octane gas $12.27/gal USD

$103/barrel USD right now. I have heard if Saudi Arabia gets an uprising, to expect oil to go $200/barrel. The claim right now is the unrest in the middle east is driving up oil.

I think it has more to do with Iran/Russia/& China positioning themselves in the region to control future oil, and the western world will be SOL. I'm guessing Saudi Arabia is toast within a year.

 

(step-clunk-swagger-clunk) (drooling)


Yar har harrrh... GaaARrh
I lif by da CODE....
take wot ye kin...n'give nutthin bak!
arrrh... HAR har haRrrrga say aye!

 

Hope and Change: Gas Prices Have Gone Up 67 Percent Since Obama Became President

That's compared to a 7 percent increase under Bush in his first 26 months.

6:00 PM, Mar 9, 2011 • By MARK HEMINGWAY
Ah, January of 2009. Hope was in the air, but more importantly, gas was under two dollars a gallon. Since then gas prices, have gone up 67 percent and it's an ominously upward trend. Interestingly enough, the Heritage Foundation also took a look at the first 26 months of Bush's presidency -- gas only rose 7 percent during that time frame.


Now obviously turmoil in the Middle East has something to do with our current astronomical gas prices, but keep in mind that by this point in the Bush presidency 9/11 had happened and we were on the verge of invading Iraq. So while the president can't be entirely responsible for global commodity prices, it's still worth asking what Obama's doing to make things worse.
After all, this is the President who told us "We can’t drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times … and then just expect that other countries are going to say OK.”
This is the President that appointed a Secretary of the Interior that famously said he didn't mind if gas hit $10 a gallon.

This is the President whose administration secretly urged him to bypass needed Congressional approval to create as many at 17 national monuments throughout the west, effectively closing off all that land to energy exploration forever.

This is the President who has illegally tried to illegally enforce an offshore drilling ban.
How much higher is gas going to go before the Administration takes a long hard look at what its doing to send gas prices through the roof?

 

Gasoline cost to jump $700 for average household



Gasoline prices are shown at a gas station in Del Mar, California March 9, 2011.
Credit: Reuters/Mike Blake
By Tom Doggett
WASHINGTON | Wed Mar 9, 2011 4:18pm EST

WASHINGTON (Reuters) - U.S. drivers will pay another 10 cents a gallon for gasoline before the latest jump in wholesale costs is fully passed on at the pump, and yearly motor fuel costs will rise 28 percent from last year, the Energy Department said on Wednesday.
The average U.S. household will spend about $700 more for gasoline in 2011 than it spent last year, bringing total motor fuel expenses up 28 percent to $3,235, based on an annual pump price of $3.61 a gallon, the department's Energy Information Administration said.
Retail gasoline prices soared by 38 cents over the last three weeks to $3.52 per gallon, according to the EIA, because of high crude oil costs due to unrest in the Middle East.
"Because the pass-through of changes in wholesale gasoline prices to the retail level is lagged, pump prices would be expected to rise a further 10 cents per gallon to fully reflect the current wholesale price level even without considering any future wholesale price movements," the EIA said in its weekly review of the oil market.
Higher gasoline prices will give consumers less money to spend on other goods and services, which many economists fear could slow the U.S. economy.
The EIA said it expects drivers will pay an average $3.71 a gallon during the summer peak driving season from June through August, about 98 cents more than last year.
There is a 25 percent chance the pump price will exceed $4 a gallon from June through August, the agency said, compared with a 10 percent probability gasoline could fall below $3 during the same period.

 

The uprising has started in Saudi Arabia today.
I think this will make the run on oil prices, take another climb.

 

Yeah they're shooting live rounds at protesters today. With all the oil they export, if that country erupts, oh man, it's going to be a wild ride. We're going to wish we'd had an energy policy 10 years ago, 20 years ago, 30 years ago, 40 years ago. Basically pick which President you want to blame, they should have done something.

 

I paid $3.99 this morning........I need a nurse to over come the sticker shock.