$3.06 per gallon at the truck stop in lagrange tonight at 6pm. sux.

OUCH......

all this over Hugo Chavez and his stupid mouth. on February 8, regular unleaded was $2.86 a gallon. In eight days a 20 cent rise because of that idiot.

supply let me introduce you to demand.......

I think we need to shoot Hugo and a few others.

I am paying 3.29 for diesel right now.

cost 75 bucks to fill up.

i would like to see hugo giving one of his famous finger pointing, fireball speeches and all of a sudden there be a spray of red all over the place and a bloody stump where his head "used" to be.

2.91 for regular unleaded here last night

Nothing will change with the price of gas and fuel until demand goes down. Everyone is always complaining about it, but I do not see many people cutting back on use.

I am not defending that idiot Chavez, but he is not the only one to blame for the price of gas. Since the U.S. is Venezuala's biggest customer and their type of crude is "heavy", there are not many other countries that could pick up the slack. His threat is hollow, everyone knows it (he isn't going to crash his country's economy), but it, like everything else will be utlized to justify pushing the price of gas higher and higher.

It's curious how the current world market works. I've heard part of the problem is China, which has awakened from the fantasy of communism and is pursuing a capitalist lifestyle while quoting Lenin and Marx. They're buying an increasing share of the world's oil which is pinching us.

I ran into this problem again when shopping the 'Net for cast lead bullets for my reloading operation. One supplier I hit on informed everyone that the price of lead, which was 22 cents per pound in 2004, is now $1.50 per. Hence he is raising his prices for bullets. Seems the Chinese are building more cars for their billion-plus population, and this requires more batteries, which require more lead.

The world oil market is a good deal more complex than just Chinese demand. Seems to me our refineries are a big part of the problem. We haven't built any new ones in 30 years and the ones we have are getting long in the tooth and prone to breakdowns. Also, too many refineries are clustered on the Gulf Coast where hurricanes play --- Katrina reminded everyone of that fact.

quote:

Originally posted by A4Bama:
Nothing will change with the price of gas and fuel until demand goes down. Everyone is always complaining about it, but I do not see many people cutting back on use.

I am not defending that idiot Chavez, but he is not the only one to blame for the price of gas. Since the U.S. is Venezuala's biggest customer and their type of crude is "heavy", there are not many other countries that could pick up the slack. His threat is hollow, everyone knows it (he isn't going to crash his country's economy), but it, like everything else will be utlized to justify pushing the price of gas higher and higher.

Diesel being higher than regular is a sign of decreased use.

Diesel is a bi product of gasoline. When prices go up, regular use goes down, but diesel use stays the same. So the supply goes down, but demand stays relatively the same.

this latest jump was due to speculators getting pussified because of chavez bumping his chops.

3.14 for regular unleaded in Charlotte, NC (Lake Norman area)

sounds like they are bound and determined to get regular unleaded at $4 a gallon. that my friends will bring on a recession if nothing else will.