Not Logged In Log In   Sign Up   Points Leaders
Follow Us    9:29 AM

GasBuddy News Article

58
votes
As gas prices rise, no relief in sight at pump

The Wall Street Journal --
U.S. gasoline prices jumped 6% in February, and market experts predict they will climb higher because critical refining operations in the Northeast are shutting down.

From New York to Philadelphia, refineries that turn oil into gasoline have been idled or shut permanently because their owners are losing money on them. Sunoco Inc. is expected to close the region's largest refinery in July, taking another 335,000 barrels per day in production capacity off the market.The East Coast refineries are getting squeezed by the soaring cost of crude oil, the major component in gasoline. The cost of oil has jumped in the past year due to global economic growth and rising tensions between Western nations and Iran, a major producer. Refineries haven't been able to increase their own prices e


Read the Full Article

Submitted Mar 18, 2012 By: RENEGADEGAS
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: As gas prices rise, no relief in sight at pump Back to Topics
REPLIES (newest first) Post a Reply
ratones1
Champion Author Los Angeles

Posts:3,394
Points:1,367,860
Joined:Mar 2011
Message Posted: Mar 18, 2012 11:34:22 PM

politics...
sydb7
Champion Author Atlanta

Posts:5,938
Points:2,604,335
Joined:Mar 2003
Message Posted: Mar 18, 2012 11:31:49 PM

Need a release from the SPR!
fenster66
Champion Author Pittsburgh

Posts:6,609
Points:1,455,795
Joined:May 2011
Message Posted: Mar 18, 2012 11:29:21 PM

this is not news anymore....
DirtDauber
Champion Author San Antonio

Posts:10,045
Points:2,410,365
Joined:Nov 2005
Message Posted: Mar 18, 2012 11:28:09 PM

Quit driving for fun. Drive only as required. And combine erands.
jackster111
Champion Author North Carolina

Posts:8,359
Points:1,167,225
Joined:Feb 2012
Message Posted: Mar 18, 2012 11:21:20 PM

Looks like we'll all have to make more changes in driving habits.
monieet
Champion Author California

Posts:1,092
Points:813,110
Joined:Mar 2011
Message Posted: Mar 18, 2012 11:17:37 PM

OK!
ghostNC
Rookie Author North Carolina

Posts:57
Points:15,200
Joined:Feb 2012
Message Posted: Mar 18, 2012 11:17:09 PM

all the more reason to find another energy source and actually use it! When people have no choice but to do that, they will either adapt or they will fail. Natural selection is a bitch
abcdMA
Champion Author Worcester

Posts:11,132
Points:2,343,440
Joined:Nov 2008
Message Posted: Mar 18, 2012 11:14:06 PM

an energy policy that allowed more domestic drilling, more refining capacity and access to Canadian oil would certainly have had a positive impact on prices
JagXKR
Champion Author British Columbia

Posts:6,344
Points:1,867,735
Joined:Dec 2009
Message Posted: Mar 18, 2012 11:13:48 PM

Smoke and mirrors.
min_fuel
Champion Author Philadelphia

Posts:1,958
Points:746,360
Joined:Jan 2008
Message Posted: Mar 18, 2012 11:13:38 PM

Deg is right, Obama gets re-elected, change will come and the US as we know it will disappear. Fuel prices over $6/gal will cause a depressions.
serrog
Champion Author Nova Scotia

Posts:8,817
Points:2,290,690
Joined:Oct 2008
Message Posted: Mar 18, 2012 11:12:50 PM

Realists don't anticipate any relief at the pump
min_fuel
Champion Author Philadelphia

Posts:1,958
Points:746,360
Joined:Jan 2008
Message Posted: Mar 18, 2012 11:11:57 PM

The fuel prices in the Philly Metro area have jumped considerably in the last month, especially Diesel, going from $3.51 to $4.50 since Feb 16.
DEG
Champion Author Las Vegas

Posts:20,756
Points:4,247,380
Joined:Jul 2003
Message Posted: Mar 18, 2012 11:11:52 PM

If Obama is reelected expect $10 to $15/gallon gas by 2016.
cisson
All-Star Author Sarasota

Posts:552
Points:499,940
Joined:Jul 2010
Message Posted: Mar 18, 2012 11:10:43 PM

makes it impossible for everyone to live their life to the fullest.
tippybuddy
Champion Author Ontario

Posts:1,523
Points:207,740
Joined:Feb 2011
Message Posted: Mar 18, 2012 11:09:18 PM

ok
egd
Champion Author Twin Cities

Posts:11,296
Points:2,872,125
Joined:Mar 2005
Message Posted: Mar 18, 2012 11:09:07 PM

we are exporting gasoline, prices wont drop much
sljbc475
Champion Author Tucson

Posts:7,449
Points:1,649,550
Joined:Dec 2010
Message Posted: Mar 18, 2012 11:08:56 PM

Higher the price the more everything else costs.
ScottTee
Champion Author Detroit

Posts:7,609
Points:1,834,450
Joined:Mar 2010
Message Posted: Mar 18, 2012 11:06:53 PM

any more bad news for us?
dancygreen
Champion Author Twin Cities

Posts:3,771
Points:910,205
Joined:Sep 2011
Message Posted: Mar 18, 2012 11:03:58 PM

blah blah BLAH!
lyons_coop
All-Star Author Kansas

Posts:552
Points:287,710
Joined:Jan 2012
Message Posted: Mar 18, 2012 11:01:13 PM

I'd hate to be living on the east coast.
baconnie
Champion Author Dallas

Posts:2,797
Points:563,210
Joined:Jun 2008
Message Posted: Mar 18, 2012 11:00:57 PM

ok
bigmamaCO
Rookie Author Colorado Springs

Posts:15
Points:3,125
Joined:Mar 2012
Message Posted: Mar 18, 2012 11:00:07 PM

here we go again
ShutRBug
Champion Author Ontario

Posts:1,594
Points:752,265
Joined:Jun 2005
Message Posted: Mar 18, 2012 10:58:27 PM

Sigh
checkitnow
Champion Author Atlanta

Posts:2,791
Points:1,206,110
Joined:Aug 2010
Message Posted: Mar 18, 2012 10:57:44 PM

and yet people want to punish oil companies for the 'excessive profits' they make... meanwhile the price of gasoline goes up because its very hard to make money on small margins
suzmar
Champion Author Texas

Posts:3,497
Points:1,446,515
Joined:Jun 2006
Message Posted: Mar 18, 2012 10:56:02 PM

There won't be any relief as long as the Obama Administration and the EPA continue their vendetta against the oil industry.
ExplorerWA
Champion Author Washington

Posts:6,053
Points:1,473,010
Joined:Feb 2011
Message Posted: Mar 18, 2012 10:51:50 PM

That will send gas even higher.
Red7002011
Champion Author Mississippi

Posts:6,583
Points:1,447,550
Joined:Jul 2011
Message Posted: Mar 18, 2012 10:51:13 PM

Really!
OKRifle
Champion Author Oklahoma City

Posts:14,139
Points:2,576,700
Joined:Oct 2007
Message Posted: Mar 18, 2012 10:51:10 PM

You got that right!
Shines357
Sophomore Author Florida

Posts:113
Points:57,790
Joined:Mar 2012
Message Posted: Mar 18, 2012 10:50:08 PM

Shocker...
altima2008
Champion Author Philadelphia

Posts:11,420
Points:2,516,680
Joined:Apr 2008
Message Posted: Mar 18, 2012 10:49:30 PM

Its a matter of time when this economy permanently crashes. Nobamas smoke and mirror tactics on how well the economy is doing are what they are smoke and mirrors. Watch by the end of the summer more companies will shut down and go out of business, unemployment will sky rocket and then what??? Novemember is too far away but if we make it that far we have to vote him out!
PoohMcGoo
Champion Author Alabama

Posts:3,895
Points:1,447,745
Joined:Dec 2010
Message Posted: Mar 18, 2012 10:49:18 PM

Still don't understand how the refineries that make the gas can't turn a profit, even if it means higher prices.. we have to have it..
Bud122CA
Champion Author California

Posts:10,195
Points:2,351,195
Joined:Jul 2008
Message Posted: Mar 18, 2012 10:46:30 PM

Prices were high here but now coming down.
FlyNFool
Champion Author South Carolina

Posts:11,412
Points:2,462,220
Joined:Aug 2008
Message Posted: Mar 18, 2012 10:43:45 PM

I'm surprised, not.
crowefamily1
All-Star Author Texas

Posts:804
Points:297,100
Joined:Sep 2006
Message Posted: Mar 18, 2012 10:43:43 PM

thats what obuma wants, he needs to force you to buy his hybrid and thats why he wants fuel prices to rise.
TXryder
Champion Author Texas

Posts:6,203
Points:1,139,150
Joined:Jan 2012
Message Posted: Mar 18, 2012 10:42:02 PM

If someone was to assassinate that dictator nut in Iraq, all of these big shot speculators would poop in their pants.
unclearquest1
Sophomore Author St. Louis

Posts:117
Points:10,015
Joined:Mar 2007
Message Posted: Mar 18, 2012 10:40:57 PM

the end is near!!!!!!
sillywagon
Champion Author New York

Posts:20,731
Points:2,223,370
Joined:Oct 2008
Message Posted: Mar 18, 2012 10:38:07 PM

I will be pleasantly surprised if I don't end up paying $5.00 for gasoline sometime this year. That is revolting! How does our economy keep running with transportation costs that high?
mlmeng
Champion Author Michigan

Posts:4,895
Points:1,373,090
Joined:Mar 2011
Message Posted: Mar 18, 2012 10:36:48 PM

How is the U.S. exporting gasoline - a refined petroleum product?
FuelOilOH
Champion Author Cleveland

Posts:2,871
Points:1,226,255
Joined:Oct 2007
Message Posted: Mar 18, 2012 10:34:11 PM

Remember what happened when gasoline spiked a few years ago? Gas stations had to close because the credit card fees took all the profit from the sale. Nothing left to make payroll. Of course 'Bama doesn't understand that because he never even ran a paper route. Now refineries are closing because they can't make money!?!?!? Something is very wrong with this picture. By rights we should have $5 gas or higher now just to insure a steady flow of fuel.
itzagasgasgas1
Champion Author Cincinnati

Posts:7,225
Points:2,372,315
Joined:Aug 2005
Message Posted: Mar 18, 2012 10:33:48 PM

Northeast is really gonna take a beating with the closing of the Sunoco refinery.
cimilluca1
Sophomore Author New York

Posts:193
Points:234,425
Joined:Aug 2011
Message Posted: Mar 18, 2012 10:33:10 PM

Refineries not making any money?? How does that happen?
colaguy
Champion Author Columbia

Posts:5,109
Points:1,563,395
Joined:Oct 2008
Message Posted: Mar 18, 2012 10:33:06 PM

relief will come around September - just in time for election season
Chris46
Champion Author Dayton

Posts:50,638
Points:2,849,340
Joined:Sep 2005
Message Posted: Mar 18, 2012 10:30:56 PM

no relief in sight at the pump, but just inside the doors, is a men's room. That provides some relief.
cateyes8264
Champion Author Tennessee

Posts:3,332
Points:772,940
Joined:Jul 2011
Message Posted: Mar 18, 2012 10:29:50 PM

Same story day after day with no real solution in sight.
bicycler
Champion Author Ontario

Posts:14,815
Points:2,598,445
Joined:May 2005
Message Posted: Mar 18, 2012 10:29:40 PM

Andit will not change unless the 'powers that be' are conyrolled~
Is246
Champion Author Albuquerque

Posts:1,117
Points:875,045
Joined:Apr 2011
Message Posted: Mar 18, 2012 10:27:11 PM

The speculators started this and the refinery owners are ending it.
toadNY
Champion Author Albany

Posts:10,355
Points:2,295,550
Joined:Apr 2008
Message Posted: Mar 18, 2012 10:25:58 PM

Who's this obama guy? Time to dump Bush!
lowpet
All-Star Author Texas

Posts:527
Points:86,915
Joined:Dec 2008
Message Posted: Mar 18, 2012 10:24:11 PM

That sounds wonderful, how about we shut down the ones in the south too
steben11
Veteran Author Montreal

Posts:382
Points:512,765
Joined:May 2011
Message Posted: Mar 18, 2012 10:20:26 PM

stop speculation
luwachris
Champion Author Los Angeles

Posts:1,122
Points:239,570
Joined:Jul 2011
Message Posted: Mar 18, 2012 10:18:12 PM

NO KIDDING!
adgam
Champion Author Orange County

Posts:3,301
Points:1,092,900
Joined:Nov 2011
Message Posted: Mar 18, 2012 10:17:12 PM

ok
judgemobile
Champion Author Ohio

Posts:10,834
Points:3,227,325
Joined:Nov 2005
Message Posted: Mar 18, 2012 10:16:27 PM

gas was 1.69 when Bummer took office--remember that when you vote in November, because your LIVELIHOOD will depend on that vote.
Post a reply Back to Topics