Gas Price Outrage!

[BigJon]

Darn! Still over $3.60 here. Stupid commodity pricing, always rising and falling! And what's with that unequal distribution of pricing related to distance from the source. It's not fair, I tell ya.

[Giant Communist Robot]

Darn! Still over $3.60 here. Stupid commodity pricing, always rising and falling! And what's with that unequal distribution of pricing related to distance from the source. It's not fair, I tell ya.

Astonishing. $3.79 in Honolulu; not much difference.

[BigJon]

And, just that quick, the price is down to $3.35. Stupid Commodities. I don't want to pay less!

[Haggis@wk]

And we can't build the Keystone pipeline because it's never been done before....oh, wait.

[Shapley]

Gasoline was $2.929 yestereday, $3.099 this morning, and $3.199 at noon.

Good thing I filled up yesterday...

[Giant Communist Robot]

$3.79 Honolulu yesterday

[Haggis@wk]

Look for Gas Prices to Hit $4 a Gallon by Summer, If Not Sooner

Sigh

[jamiebk]

$3.70 here in NorCal...has been for quite some time

[Haggis@wk]

Sam's has been between $3.02-.4 which is quite the savings from Race Trac's (and others) $3.29.

[Haggis@wk]

A Fine for Not Using a Biofuel That Doesn’t Exist

[dai bread]

Are fuel suppliers forming a co-operative to make the stuff, or are they just going to pay up?

[Haggis@wk]

Are fuel suppliers forming a co-operative to make the stuff, or are they just going to pay up?

Damifino

[Giant Communist Robot]

Reading on another board, I saw many Canadians are bitter about the Keystone decision.

[Haggis@wk]

Remember this?

The U.S. is going to lend billions of dollars to Brazil’s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil’s Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil’s planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan.

The U.S. Export-Import Bank tells us it has issued a “preliminary commitment” letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount. Ex-I’m Bank says it has not decided whether the money will come in the form of a direct loan or loan guarantees. Either way, this corporate foreign aid may strike some readers as odd, given that the U.S. Treasury seems desperate for cash and Petrobras is one of the largest corporations in the Americas.

And this?

“We want to work with you. We want to help with technology and support to develop these oil reserves safely, and, when you’re ready to start selling, we want to be one of your best customers.”

Mr. Obama was saying that while he was drastically slowing down leasing and permitting in the US and whining about “subsides” to US oil corporations. .[/quote]



Well, that little jump-start of ObamaDollars has indeed helped “develop these oil reserves”.

And the beneficiary?

Off the coast of Rio de Janeiro — below a mile of water and two miles of shifting rock, sand and salt — is an ultradeep sea of oil that could turn Brazil into the world’s fourth-largest oil producer, behind Russia, Saudi Arabia and the United States.

The country’s state-controlled oil company, Petrobras, expects to pump 4.9 million barrels a day from the country’s oil fields by 2020, with 40 percent of that coming from the seabed. One and a half million barrels will be bound for export markets.

The United States wants it, but China is getting it.

Less than a month after President Obama visited Brazil in March to make a pitch for oil, Brazilian President Dilma Rousseff was off to Beijing to sign oil contracts with two huge state-owned Chinese companies.

Well done, Mr. Obama.

[Trumpetmaster]

Didn't Obama give a speech (some time ago)
about being less dependent on"foreign oil"
and taking our so called "expertise" to develop
alternative energy sources?

what's the difference between foreign oil from the middle east
or foreign oil from Brazil. I do realize the dynamics between
importing oil from each, but that does not get us moving in
the right direction.... IMHO

was I dreaming about Obama's speech?

[dai bread]

I think Brazil is a bit more friendly towards the U.S. than Middle Eastern countries are. Or is it just that the Brazilians are more open about their hostility? Either way, if it was my choice I'd go for Brazil. The ME is a write-off internationally and internally until the revolutionaries sort out their governments and the Iraqi civil war is finished. Brazil is an emerging economy along with China and India.

[Haggis@wk]

gas to go 60 cents by May

Gas at Sam's is $3.29, $3.39-49 at all the other stations.

[Haggis@wk]

Average Gasoline Price Jumps To Highest In 5 Months.

Just the beginning I’m afraid

[Giant Communist Robot]

There's irony here--with WTI sitting about 18 dollars less than Brent the U.S. could become, for a short time, a net exporter of oil.

[Trumpetmaster]

Average Gasoline Price Jumps To Highest In 5 Months.

Just the beginning I’m afraid

I agree....
Regular gas prices in some areas here are already near $4 a gallon.
Premium is about $4.15 a gallon.

It looks like we may see $5.00 per gallon my Memorial Day...