Gas Prices

Stephen Harper?

Do you realise that crude oil is being delivered to refiners from Texas and Alberta at discounts of 50% from the 'rack rates' these days?

West Texas crude is rack priced at about $80/bbl and refiners are getting it for roughly $40 - Tar Sands crude is priced at about $70 and refiners are paying $35.

There is zero justification for the prices being paid at the pumps in Canada or the US these days except that there is no political will to reign in the thieves.

http://www.theglobeandmail.com/report-on-business/industry-n...

http://www.mining.com/2012/04/12/canadian-crude-jumps-7-to-3...

Discounts have increased since these articles were written - and WTC suffers similar pricing 'issues' - I truly love the way they claim that these discounts are 'losses' - they still make a fortune - the only 'losses' are to their potential profit line and are more than made up in the refining and retailing segments, where prices do not reflect the discounted cost of crude.

In east central (Lee County) Alabama on Saturday, 06/23/2012.

Did not expect prices below $3.00.

Northeast Tennessee. I wonder what the difference is between now and when gas neared $4.00/gal?

tr

Tampa Ethanol FREE

Some countys have corn smells sweet....
Iowa Sweet corn the BEST!

That's what oil is. This is better than a visit to the proctologist...

I read where they are expecting fuel prices to drop to $3.00 per gallon this summer. I hope so.

Interesting to note, gas prices in NY are cheaper than Alaska.

Tax in NY highest in the country at 69.6
Cheapest I found today was 3.49.

Tax in Alaska is lowest in the country at 26.4
Chepaest I found today was 3.90.

I suppose the reason is the proximity of New Jerseys oil refineries to NY.

Alaska has the crude pipeline and according to Wilkpedia has six refineries. Trucking must be quite expensive in Alaska to be offered at such a high price.

with about $3.00 this summer, but it won't result in avoiding another recession because people are not spending their money in anticipation of a Federal Tax rise - no matter who wins. The country simply can't continue to make the National Debt grow, as it is now, beyond $17 Trillion.

An Europe isn't helping.

Sorry.
Fred

I paid $3.27 yesterday here in the People's Republic yesterday.

I did notice this morning the WaWa jumped from $3.27 to $3.33 since yeasterday. I'll have to look this afternoon to see if other stations follow.

I've paid under $3 for the last couple fill-ups in my SUV. It's $2.87/gallon at a Murphy Mart near me. I really like the fact that this station went up a couple months ago. Before that the Sunoco and Exxon were to pricey and I would drive further (on my way to work) for more reasonable pricing. Once Murphy Mart opened, they drove the price down $0.10/gallon or more all along the road our development is off of.

Our country is spending more than we're taking in just like the European countries in the news. We might not be quite as bad off - yet - but that is where we are headed. The wars have helped a lot to get us in this shape but if we don't get our house in order soon we're in for some tough times.

Jim

Just drove from Kingsport TN to St George SC on the I26 & 95. Prices range from 2.93 to 3.01. Most places 2.99

Am on one of my CA trips and the highest I paid so far is $3.799 in Ca and averaged $3.59. It is 30 cents cheaper than last year. It helps when one drives a hybrid.

I just filled my tank at $3.19 a gallon at mile marker 332 in Tumcumcari NM on I40.

A Facebook friend just posted $2.86 at Myrtle Beach SC

Ymnn

Wasn't that George Washington?

I dont do this often BUT. Oh Crap Stop with the President thing. It does not matter who is in office. This place is running wild and they just point fingers back and forth like a bunch of school kids it makes me sick. Then they think they know whats best for US oK I WILL STEP DOWN NOW sorry about that!!!

I agree with you, gas pirces has nuthin to do with who is president. Also, the presidential blame games were last month. But when all else fails, just blame Bush!

Yesterday, the price of Costco gasoline hit $317.9 per gallon - the cheapest in our area. However, on the market, oil prices are rising once again.

You could call this "the silly season," as the elections approach. It'll be curious to see what happens to gas prices following the election - no matter who wins.

Fred

Although not as low as I'd like them to be but I paid $2.999/gal near Fredericksburg, VA on Tuesday and the same near Latta, SC yesterday. These were both at major gas company pumps.
At home here in FL it is $3.149. When I left 24 days ago the price was $3.369 !

we've become desensitezed to the high cost of gasoline. $3+ is now 'normal' and it shouldn't be.

So the manipulation continues.....

a bit cheaper...best near my house is 3.339

Toronto area $1.21/L or $4.60/G

Considering your gas is not mixed with Ethanol that is not a bad price, Ethanol FREE in Tampa is $3.89 gal

wow great list for summer time traveling thanks!

At Sam's club in New Port Richey gas is $2.88 gal
and at 7/11 on St rd 52 just east of St rd 19 it is
$2.93 gal and in NY in Freeport it runs from $3.45 at BJs to $3.57
I hate to think what the boaters are paying at the marins in NY. Even tho, there were a lot of them out today.

Crook county Illinois ie Chicago is still about 4.00 for regular.

Most fuel here has ethanol as well.

I just moved away from Crook County about a month ago; the high gas prices are one thing I certainly don't miss.

In 2008, Gas prices peaked for 3 month only!!, then sharply dropped to record low. But since April/2011 we had been breaking the gas price records for more than a year with no hope of gaining the fair oil price again.

Good thing that NY borders NJ & PA, etc.

Find a toll less crossing and reap the benefits.

I wonder how two states next to each other can have such differing price taxes (nearly $.30 different) yet the cost of gas at those stations is nearly the same.

I have a Sunoco near me that is at 3.539. Another one that is about 1 mile down the road is at 3.779. It makes absolutely no sense.

What do 6 of the 7 states with the highest taxes on gas and therefore gas prices have in common ???????????

Prices have been coming down steady in my area.

Pretty much says it all!!!!

$2.30 here is Tucson AZ is the cheapest I have seen as of yesterday. I am happy to see the prices going down. Looking to go to Vegas later this month and the cheaper the better.

And we complain when the oil companies make 8 cents/gal profit. State and Federal taxes are the real snake.

How low must it go before we feel we are not getting ***?

Wish I could move that station up here. The cheapest yesterday was $3.37 and some two weeks ago the cheapest was $3.99. One of those States starting with a W (and ending with N, mimicking the nation's capital).

$3.22 here in ohio..and it is BP gas too..lol

Which part?
Here in Cleveland, we're $3.10 - 3.25. Two weeks ago it was $3.79.

Drove from TN to SC on the I-26 yesterday. Gas prices normally 2.90 plus or minus a bit.

$2.75 driving south on I65 from Illinois to Alabama

Filled up my Mini Cooper today (it uses premium), and did a double-take -- Chevron Premium in Silicon Valley at only $3.879 a gallon! End of May and mid-June it was $4.28 - $4.41 a gallon!

Election is coming soon.

It is the local retailer who gets 8 cents a gallon.

The oil companies make money at every step along the way, running a reverse ponzi scheme, taking a percentage on pumping, transporting, refining, transporting again, local distribution and profit on selling between their various self-owned companies along the way. You should have a look at their balance sheets - it is obscene just how much money oil companies make after all of their expenses for each and every gallon of gas (based solely on their global revenue being derived as sellers of gaoline - and that presumes that they GIVE all of their derivative products - lubricants, textiles, fertilisers and so on to their customers, FOR FREE!!!).

Yes, taxes are relatively high, but they haven`t been significantly increased in the past 5 years in real terms - and since crude is now selling at 50% of the rack rates (West Texas Crude is delivered to the pipeline at about $45 a barrel) there is no reason for gasoline above about $1.50 a gallon at the pumps in the most expensive jurisdictions.

Claiming that world market forces drive the price of gasoline is a crock - the demand is not there, extracted reserves are at almost record levels and besides, it isnt as if a refinery in the South can sell it`s fuel in Beijing. And don`t get me started on the lie that is ethanol.

Our politicians are part of the rip-off, satisfied to collect their percentage of the proceeds of the heist, living like dogs, sitting under the table collecting scraps of the `meal` from their owners, the `family` that is the consortium of oil companies.