20 cent jump in gas in 7 days!!!

[excelscior]

I'm in California and in the Los Angeles area. A Chevron gas station went from $3.85/gal to $4.05/gal in 7 days. 1 week before Memorials day $3.85 for their cheapest. Now their cheapest gas 7 days later is $4.05/gal and premium is $4.25/gal. What a ripoff!

[Shoreguy]

Yep...still buying at Arco for under $4, but everywhere else is done.
Disgustly...I passed by a "Thrifty Gas" yesterday on El Segundo Blvd., just before Inglewood Ave. (I work at the old Xerox Centre)....$4.29 for Regular Unleaded. I really didn't know whether to laugh, cry or shoot the "Thrifty" owner.

[darrenw1967]

in the uk it is now over $11 a uk gallon

[leprechaun_40]

I'm betting on over $5 a gallon by July 4th

[mireland]

I'm betting on over $5 a gallon by July 4th

I'm betting $10 a gallon by the end of the year.

[herosrest]

You can work out roughly what it will be costing in 6 months by the price the crude is purchased at now for 3 months ahead.

[Train]

Those in the UK need to use http://www.petrolprices.com/

[excelscior]

Rougly from 6pm to 6am the next day the price went from $4.05/gal to $4.09/gal. We are totally being robbed. The only good thing I see coming out of this is that it reduces the congestion in traffic. I don't see as many cars after 6pm as I used to around my neighborhood. Bu t still.............

[excelscior]

Somewhere within a 6 hour period while I was at work. Gas went up another 5 cents!!! Now it's at $4.15/gal to $4.17/gal across the street. Wow how can that be justified to have a double price jump within a 24 hour period? That is absurd!!!

[herosrest]

No, it's business. As usual.

There needs to be a serious debate about the role of profits and why there isn't enough of them at the moment.

[Train]

Twice in 24 hours, just depends on the state, but like some stations I know of, they get 3 loads a day and they can jump the price after they pump each load.
Depending on what they pay for the load.

[werz]

The banks are forcing up the price through speculating on the commodities futures market.
The Fed is giving them the low interest loans, which are supposed to be for lending to customers, but are being used to gamble on the oil price.
There's no shortage of oil, as OPEC keeps saying, this is an artificial crisis, created by banks and the brokerage companies that are trying to earn back money they lost doing the same as they did to cause the housing bubble that ended up causing the subprime collapse.

[millermil121]

That's too bad.

[mobo57]

$97.14 to fill my combine last night. Gonna have to cut down on this, last weekend:

[leprechaun_40]

$97.14 to fill my combine last night. Gonna have to cut down on this, last weekend:

I'll bet that hurt, right in the old wallet