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Title: Did anyone's gas prces rise 5 cents overnight?
Source: [None]
URL Source: [None]
Published: Feb 19, 2012
Author: me
Post Date: 2012-02-19 11:52:21 by F.A. Hayek Fan
Keywords: None
Views: 164
Comments: 12

We jumped from 3.19 to 3.24 overnight.

If it's this high this early in the year, summer's going to be a bitch.

Post Comment   Private Reply   Ignore Thread  


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Begin Trace Mode for Comment # 8.

#4. To: F.A. Hayek Fan (#0)

We jumped from 3.19 to 3.24 overnight.

NYMEX gasoline closed down about 3 cents Friday at $3.02 where it's been hovering for awhile. Normally, the NYMEX to pump margin here in Ft. Wayne runs at about 75 cents, which should have the price at about $3.799.

Something extraordinary has been going on lately, the price of gas has been ultra low lately (~$3.20s), when Friday morning it dropped to $3.189. I got the work truck out of storage and took on about 150 gallons for my skid tank & transfer tanks, because I knew that price was too good to last.

Saturday morning the price jumped to $3.499, up 31 cents. It's still running about 25 cents below normal.

There was an article at ZeroHedge last week that said gasoline deliveries were down an impossibly huge amount, which doesn't bode well for the economy, AT ALL.

Esso  posted on  2012-02-19   12:33:58 ET  Reply   Untrace   Trace   Private Reply  


#5. To: All (#4)

Here you go...

Guest Post: Why Is Gasoline Consumption Tanking?

Guest Post: It's Not Just Gasoline Consumption That's Tanking, It's All Energy

Normally, energy consumption is incompressible. Something wicked this way comes.

Esso  posted on  2012-02-19   12:42:03 ET  Reply   Untrace   Trace   Private Reply  


#7. To: Esso (#5)

Iran stops oil sales to British, French companies | Reuters

TwentyTwelve  posted on  2012-02-19   12:44:19 ET  Reply   Untrace   Trace   Private Reply  


#8. To: TwentyTwelve, All (#7)

Thanks, once again, to Shittylittlestan for cramming policies down the throats of Western nations that result in choking off the lifeblood of industrial economies everywhere and raising the spectre of general war between nations whose best interest lies in doing business with one another.

Thanks a bunch. We won't forget it.

randge  posted on  2012-02-19   12:52:20 ET  Reply   Untrace   Trace   Private Reply  


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