Fuel Prices
 

Does anyone else feel like the jump in fuel prices over the past two weeks is a sign that things are accelerating towards some type of crisis?

not at all ..... it's price gouging as usual! :mad:

Price is dropping a bit here in Central VA. Paid 3.45 today for regular.

3.85 here in ky.

naw, it's directly related to temp problems.

BUT, I'm a firm believer in peak oil and oil will becoming increasingly more expensive.

Stay out of California! Price of gas is high!

http://www.ktla.com/news/landing/ktla-5-a-gallon-gas-prices,0,707362.story

http://www.latimes.com/business/money/la-fi-mo-gas-price-record-20121006,0,3160717.story

Prices should in most states start to come down a little. September 15th is when refineries switch to cheaper to refine Winter Blend. Twice a year this formula switch causes refineries to shut down and change over. They do not want to be caught with an excessive amount of summer blend. This causes a supply and demand issue.

An interesting not the average retailer makes about .15 per gallon in fuel margin. This is not counting labor, maintaining equipment, permits, etc.

Put 30 bucks worth in my Dakota yesterday in new Albany Indiana on the way home from work for 3.57 per gal.

Do you know how much the government and oil companies make in profit? Last I checked, fed was actually profiting more than the companies that produce it. 2004ish.

4.29 here in upstate NY my wallet is certainly feeling it.