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Author	Topic: Drought, Pushes Gas Prices Higher	Post a Reply Back to Topics

zcolt45 Champion Author Michigan Posts:4,075 Points:913,935 Joined:Jan 2006	Message Posted: Aug 13, 2012 11:09:20 AM Ignore zcolt45 Report Abuse A shortage of corn-based ethanol is the latest factor to contribute to the rise of gas prices, a survey showed. NEW YORK, Aug 12 (Reuters) - Gasoline prices in the United States rose over the past two weeks, driven partly by supply disruptions and a drought-induced rise in ethanol prices, a widely followed survey showed on Sunday. The Lundberg Survey said the national average price of self-serve, regular gas was $3.69 on Aug. 10, up from $3.51 on July 27. Gasoline prices peaked this year at $3.967 a gallon on April 6. The record high is $4.112 set on July 11, 2008. Trilby Lundberg, who conducts the survey of some 2,500 gas stations nationwide, said the rise was partly the result of temporary supply disruptions at refineries and an increase in the cost of corn-based ethanol caused b Visit Reuters for full article

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Message Posted: Aug 13, 2012 11:09:20 AM

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A shortage of corn-based ethanol is the latest factor to contribute to the rise of gas prices, a survey showed.

NEW YORK, Aug 12 (Reuters) - Gasoline prices in the United States rose over the past two weeks, driven partly by supply disruptions and a drought-induced rise in ethanol prices, a widely followed survey showed on Sunday.

The Lundberg Survey said the national average price of self-serve, regular gas was $3.69 on Aug. 10, up from $3.51 on July 27.

Gasoline prices peaked this year at $3.967 a gallon on April 6. The record high is $4.112 set on July 11, 2008.

Trilby Lundberg, who conducts the survey of some 2,500 gas stations nationwide, said the rise was partly the result of temporary supply disruptions at refineries and an increase in the cost of corn-based ethanol caused b
Visit Reuters for full article

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sjf238 Champion Author Philadelphia Posts:1,215 Points:648,705 Joined:Mar 2011	Message Posted: Aug 14, 2012 10:07:54 AM Ignore sjf238 Report Abuse Bad.
BEGTWO Champion Author Maryland Posts:2,072 Points:749,890 Joined:Sep 2010	Message Posted: Aug 14, 2012 9:56:54 AM Ignore BEGTWO Report Abuse Not surprising
livedream Champion Author Michigan Posts:3,835 Points:780,810 Joined:Mar 2011	Message Posted: Aug 14, 2012 9:37:43 AM Ignore livedream Report Abuse Another GREEDY excuse to GOUGE the public! Get rid of Ethanol!
eschroth442 Champion Author Cleveland Posts:1,191 Points:356,915 Joined:Nov 2011	Message Posted: Aug 14, 2012 9:32:11 AM Ignore eschroth442 Report Abuse Great, because we are forced to put ethanol into gas and make it more inefficient, we ahev to pay more. TIME TO STOP IT.
alterman156 Champion Author New York Posts:7,615 Points:1,583,075 Joined:Dec 2008	Message Posted: Aug 13, 2012 9:17:17 PM Ignore alterman156 Report Abuse Take out the ethanol.
bwatchingu Champion Author Arkansas Posts:1,854 Points:626,950 Joined:Jan 2009	Message Posted: Aug 13, 2012 7:01:01 PM Ignore bwatchingu Report Abuse excuses
investmentdr Champion Author Cleveland Posts:4,117 Points:1,478,960 Joined:Sep 2008	Message Posted: Aug 13, 2012 5:16:47 PM Ignore investmentdr Report Abuse not exactly
skinsfan125 Champion Author Virginia Posts:1,604 Points:303,275 Joined:Jul 2010	Message Posted: Aug 13, 2012 3:57:04 PM Ignore skinsfan125 Report Abuse wow
Yooperheart Champion Author Michigan Posts:3,555 Points:552,775 Joined:Feb 2010	Message Posted: Aug 13, 2012 3:05:37 PM Ignore Yooperheart Report Abuse Feed the cows not the cars.
evowner Champion Author Salem Posts:2,313 Points:385,010 Joined:May 2012	Message Posted: Aug 13, 2012 2:47:39 PM Ignore evowner Report Abuse Big oil is never looking out for there customers, only their stockholders. Go to electric power. You then you have electric production from several sources, wind, PV, hydro, natural gas, and if you have to, fill in with nuclear, coal and diesel.
AlgaeNOW Champion Author Wyoming Posts:1,022 Points:314,080 Joined:Sep 2005	Message Posted: Aug 13, 2012 2:38:01 PM Ignore AlgaeNOW Report Abuse k
qwerty17 Champion Author New Jersey Posts:3,755 Points:1,142,300 Joined:Oct 2009	Message Posted: Aug 13, 2012 2:08:48 PM Ignore qwerty17 Report Abuse great.
ForeignBody All-Star Author Georgia Posts:534 Points:441,840 Joined:May 2011	Message Posted: Aug 13, 2012 2:06:50 PM Ignore ForeignBody Report Abuse So ethanol has pushed up the price and gives us poorer mpg and, of course, the speculators win again.
lonewolf_947 Champion Author New Hampshire Posts:1,341 Points:598,415 Joined:Mar 2011	Message Posted: Aug 13, 2012 1:48:26 PM Ignore lonewolf_947 Report Abuse WOW.......... what an excuse...... surprisedly they didn't think of a better one........makes you wonder what extremes they'll go to gouge us all......... like to see what their next quarterly profits will be..........
briinnc Champion Author North Carolina Posts:2,705 Points:834,820 Joined:Jan 2010	Message Posted: Aug 13, 2012 1:41:50 PM Ignore briinnc Report Abuse Cut ethanol, for heavens sake.
BIGOILEATURCRUD Champion Author North Carolina Posts:5,941 Points:1,405,865 Joined:Nov 2008	Message Posted: Aug 13, 2012 1:06:33 PM Ignore BIGOILEATURCRUD Report Abuse That explains why we are being gouged!
md11capt Champion Author Denver Posts:3,558 Points:728,330 Joined:Mar 2011	Message Posted: Aug 13, 2012 12:53:25 PM Ignore md11capt Report Abuse More than likely more droughts on the weigh.
LostInNY Champion Author New York Posts:1,854 Points:673,795 Joined:Apr 2011	Message Posted: Aug 13, 2012 12:52:10 PM Ignore LostInNY Report Abuse Consumers never win...think back as to why they introduced ethanol in the first place...because corn was so "plentiful".......
SycamoreISU Champion Author Indiana Posts:1,065 Points:275,075 Joined:Jan 2012	Message Posted: Aug 13, 2012 12:50:46 PM Ignore SycamoreISU Report Abuse From what I've read elsewhere, Congress hasn't approved any new refineries in DECADES while the population continues to grow. So when a refinery has a fire, that's an additional hit on the supply of gasoline.
Cothrom Champion Author South Carolina Posts:1,850 Points:750,590 Joined:Sep 2005	Message Posted: Aug 13, 2012 12:23:45 PM Ignore Cothrom Report Abuse Another excuse to make the prices soar! Oh someone is making $$$$
lesabreAZ Champion Author Phoenix Posts:1,809 Points:436,995 Joined:Nov 2011	Message Posted: Aug 13, 2012 12:14:20 PM Ignore lesabreAZ Report Abuse Yeah and refineries have to start making the Exotic blends for winter soon
RONALD777 Champion Author Houston Posts:3,203 Points:389,480 Joined:Nov 2007	Message Posted: Aug 13, 2012 12:07:25 PM Ignore RONALD777 Report Abuse I guess they are having trouble watering the oil wells.
Nicoalbum Champion Author Ottawa Posts:6,158 Points:1,214,845 Joined:Jan 2010	Message Posted: Aug 13, 2012 11:53:47 AM Ignore Nicoalbum Report Abuse Ethanol rose probably less than Brent
SUNOIL Champion Author Toledo Posts:5,375 Points:1,951,005 Joined:Jul 2007	Message Posted: Aug 13, 2012 11:49:41 AM Ignore SUNOIL Report Abuse Great excuse.
LilRedWagonIN Champion Author Indiana Posts:7,902 Points:1,579,910 Joined:Oct 2008	Message Posted: Aug 13, 2012 11:44:41 AM Ignore LilRedWagonIN Report Abuse Trilby has become too popular. She gets interviewed so much for quotes for an article that she has to think of new ideas or keep saying the same thing.
bruin19MD Champion Author Maryland Posts:1,108 Points:174,890 Joined:Feb 2011	Message Posted: Aug 13, 2012 11:39:34 AM Ignore bruin19MD Report Abuse higher and higher :(
cmmattia Champion Author Long Island Posts:2,133 Points:417,335 Joined:Mar 2012	Message Posted: Aug 13, 2012 11:33:09 AM Ignore cmmattia Report Abuse just another excuse.... :(
CorvairHaven Champion Author Cleveland Posts:4,470 Points:1,479,015 Joined:Sep 2008	Message Posted: Aug 13, 2012 11:26:42 AM Ignore CorvairHaven Report Abuse No ethanol!
doggod Champion Author Anchorage Posts:2,978 Points:767,110 Joined:May 2009	Message Posted: Aug 13, 2012 11:23:34 AM Ignore doggod Report Abuse Don't-cha just hate it when they write headlines or lead sentences that aren't supported by what's later in the story? The survey, at least as described, showed nothing of the sort about ethanol contributing to gas prices. The survey showed that prices were going up, period. Everything after that was just Trilby Lundberg, the survey-taker, tripping out about what caused it. Interesting how you can shape a story with little devices like that, isn't it.
TripleHs Champion Author Austin Posts:3,430 Points:939,115 Joined:Oct 2009	Message Posted: Aug 13, 2012 11:22:57 AM Ignore TripleHs Report Abuse great, and thanks to ethanol it has just proved why we should NOT require to add ethanol in gasoline it is very ridiculous to have a fight between food and gas for corns
leraar2 Champion Author Massachusetts Posts:3,894 Points:813,430 Joined:Mar 2011	Message Posted: Aug 13, 2012 11:21:53 AM Ignore leraar2 Report Abuse so essentially: negligence by the oil companies, incompetence by the congress.
alex395 Champion Author Louisville Posts:2,082 Points:280,255 Joined:Jan 2007	Message Posted: Aug 13, 2012 11:19:39 AM Ignore alex395 Report Abuse Restated, "Obama's Inaction Pushes Gas Prices Higher"
Discovery02 Champion Author Colorado Springs Posts:2,805 Points:336,415 Joined:May 2012	Message Posted: Aug 13, 2012 11:16:46 AM Ignore Discovery02 Report Abuse We need renewable energy sources.
ErnieK9LO Champion Author North Dakota Posts:2,803 Points:567,555 Joined:Nov 2010	Message Posted: Aug 13, 2012 11:16:32 AM Ignore ErnieK9LO Report Abuse Yes blame gas prices on a shortage of corn. We produce more oil in the US than what we consume. Then why is there a shortage of fuel? I can not figure this out at all! Yes it comes down to greed.
KE4YBZ All-Star Author Knoxville Posts:580 Points:579,950 Joined:May 2011	Message Posted: Aug 13, 2012 11:16:13 AM Ignore KE4YBZ Report Abuse It also means food prices are going to go up too!
humblepie Champion Author Toledo Posts:35,260 Points:2,397,120 Joined:Mar 2006	Message Posted: Aug 13, 2012 11:10:40 AM Ignore humblepie Report Abuse obamanomics is the problem, put the blame where it belongs for a change............