Anyone know why gas went up yesterday?

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Iran now not accepting dollar

Wow, those sanctions really worked out.

There is only one reason why they raise the price of gas, and that's because, they can.

Point taken.

You're not suggesting that all oil producing nations are secretly trying to screw the consumer, are you?

I don't see anything secret about it.

It is rather obvious to me that they are. They will use any real and imaginary reason to raise the price of gas...amazingly enough, once the source of the reason for the price gouging is gone...they dont lower the prices much more than a few cents, then the next "crisis" comes along and the prices go up further. There are other sources of oil than Iran...hell we have more oil in the US than they do at this point, but we ship out what oil we produce, why? because gas cost more in other parts of the world. Very little domestic oil is in the domestic market.
Another reason for this is because there are all these different grades of fuel being produced which we dont have refineries for. To build such refineries would be a good project for the next president, but it keeps getting pushed back because the oil companies like the way things are cuz it means more profits for them, even at the expense of the american economy.
See I believe that the gas prices played a role in the sub prime mortgage crisis of 2008. The highest prices where in July of 2008 over 4.00 a gallon. People couldn't afford to go to their 3 min. wage jobs to pay their overpriced mortgage because of the price of gas. You can only squeeze the average american worker so many ways before the working class just goes bust. Many families had to choose between eating and going to work cause it cost some a week's worth of pay just to get to work 6 days a week.
Oil companies dont care that they played a part in the financial meltdown...nobody has really addressed that part of it.
We need to set the fuel prices at a reasonable dollar amount to help rebuild the economy. Obama the campaigner said that he would tax the heck out of the oil companies for excess profits , or something like that...soon as he said that and it looked like he was winning, the oil companies dropped their prices down to 2.30 a gallon, some places even lower than that. Obama the president says the president has no control over the price of gas. His memory seems to be owned by oil companies.

With or without Iran...there is enough oil elsewhere, but oil companies use any excuse for raising the price.
2 weeks a ago it was because a oil pipeline exploded in the middle east, well that particular oil pipeline does not provide fuel for the US at all, yet they raised US oil prices about 20-40 cents on average making profits off of consumer ignorance.
Nobody questioned it.
Before that tension in the middle east was the reason for a 10 cent raise in US oil. Hell there has been tension in the middle east since mesopotamia....I mean really!! that is a sorry excuse.

So you get how this works?

Jojo

Wouldn't that be great if feeling "tense" about going to work was reason for a pay raise?

LOL...ya really!! lucky smucks huh?

Not saying they aren't but it is pretty suspicious. Especially when gas was this price before, and crude was about $150 a barrel, while it's about a third less, but that hasn't budged the price for you and me.

One word: Iran

Very much depends if it is less dense than air as I understand it.

The meaning escapes you.

Since Citizens United opened an unlimited worldwide market in bribing Congress, another Free Trade Agreement, it is not just the US/UK oil companies bribing for higher prices, all the producers are.

When George Bush took office it was $13, fair value would be $25, the rest is where the bailout went, to rebuild bank balance sheets, free money to speculate in oil.

It is The Next Bubble Economy, something like houses in California and Florida, where everyone sells for more. Bubbles never last, but considering the current economy, an overall decline in world markets, Bubble Speculation is one of our best industries.

I would say oil is a third demand, a third speculation, and a third the decline of the dollar.

The elephant in the corner is, housing is not coming back, banks and Fanny Freddie are holding the paper, which is a loss greater than their net worth. By the old rules, Mark to Market, they are all bankrupt.

The other problem is Social Security which is $7 Trillion short and has declining income due to unemployment.

The only way out is turning dollars to dimes, and paying out by the numbers rather than the value. It might work for houses, but Social Security is indexed to inflation.

Banks and the government are broke, cannot pay what is due, so they are lying more than usual.

The traditional answer is start a war, but Bush used up the War Supply, and even by funding both sides, Osama was a creation of Reagan, killing Jilhadists that are employed to be killed, most quit and joined the Pakistan forces, and we can hardly raise enough to overthrow Libya, and not enough for Syria.

It is public knowledge that unemployed Jilhadists from all over and recently Iraq, are being armed and trained at US bases in Turky to invade Syria, and become Activists. They refuse offers of elections because they are not citizens. Like the Deserters of Syria, they are all criminals in their home countries, so had to flee and join private armies funded by Saudis, trained and armed by Americans.

This expense of normal international business is being added to oil prices. Haliburton alone has the largest private army on earth. Someone has to defend there being one Emeir, and several million other people who have no say about the oil under their feet. Oil companies are the last defenders of The Devine Right of Kings.

The Saudis buy war machines they can use on their own people, planes, rockets, run by the Royal Family, but would fear having a standing army. So they hire infidels, and export Jilhadists.

We pay for all this at the pump.

We should be using our own oil and selling what we can't use on the global market.
We have plenty of it.

I enjoy inventors posts.

me too...the best info on the web

Jojo

Another problem that we may be facing, although it may not be the direct cause of this weeks rise in prices, is peak oil. If we haven't already reached it, then we are expected to in the near future. After that, we won't be able to get as much oil out of the ground profitably. This would cause prices to rise.

I have recently learned about the best first principle in college, which states that any organism, including people, will take the largest, most accessible sources of energy before moving on to lower quality sources. This applies to how we have collected oil. So, although there are still sources, such as the tar pits in Canada, they are not nearly as good as the ones that we have used up.

On top of this, because the global population is growing exponentially (over more than doubled in the last 50 years) oil is being used up faster than it ever was before and is in higher demand than before.

The last time the US nation saw anything like what the overall result would be was when our domestic oil peaked around 1970.

Here are the names of a few scientists who have studied the areas that I have mentioned above, in case you want to have a starting point if you are interested in verifying my information:

M. King Hubbert, Dr. Albert Bartlett, Dr. Charles Hall