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Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label gas prices. Show all posts
Showing posts with label gas prices. Show all posts

Monday, December 17, 2012

Gas prices drop below $3 per gallon in areas across the country

With the appearance of deflation entering into the U.S. economy, gas prices in a number of areas around the country are falling below $3 per gallon on Dec. 17.  From Tucson, Arizona, to Memphis, Tennessee, gas prices are nearing $2.80, with state averages holding steady at $3.10.


Tucson:

Sam's Club
4701 N Stone Ave near E River Rd - $2.82

ARCO
2790 W Ruthrauff Rd & N Davis Ave - $2.83

Hanson's
6295 E 22nd St & S Wilmot Rd - $2.83

Memphis:

Mapco
3161 S 3rd St & E Brooks Rd - $2.82

BP
3441 S 3rd St & E Mitchell Rd - $2.82

Pilot
5021 Lamar Ave & Pleasant Run Rd - $2.85

You can find out best locations and lowest prices in your state and area by going to Gasbuddy.

Friday, April 20, 2012

As oil prices drop, don't expect gas prices to fall as inflation rules over supply and demand

There is an interesting dichotomy in the energy retail markets as oil prices have fallen since their highs in March, but gasoline prices in both Europe and the US have stayed the same, or increased.  Fundamentally, it's no longer a question of supply and demand as the talking head pundits keep telling us, but rather, it is the result of inflation that is finally rearing its head to consumers, contrary to Bernanke's bloviating.

Wholesale gasoline futures are down around 8% from their late March peak. This follows the late February peak in WTI crude prices. Joseph Brusuelas of Bloomberg's Economics Brief today asks whether this signals a peak in retail gas prices - which are up around 20% this year. In a very similar seasonal and monetary cycle manner to last year, energy prices are rolling over but will retail follow again this time as it did before. For sure this would provide direct releif to households, as Brusuelas notes, that have seen average hourly earnings decline for 13 consecutive months. The typical lag is 2-4 weeks before wholesale improvements start showing up in retail prices and while we wait with baited breath for that spending relief, we note that at the same time, the average price of gasoline in Europe just broke back above $10 per gallon (equivalent) to its highest in almost a year showing no signs of retracing at all. -  Zerohedge




Charts courtesy of Bloomberg

And with the summer driving season just around the corner, the staycation may be the place to hang out for people looking to relieve their stresses, and not add to it each time they go to fill their tanks.

Tuesday, March 20, 2012

Purchasing power for Americans drop another $50 billion as gas prices reach $4 a gallon

In a previous post, the Daily Economist showed you how for every .10 cent increase in gas prices, Americans lose $25 billion in discretionary income.  Well, as of March 20th, we can chalk up $50 billion that will now be siphoned from desired us by the common American into gasoline purchases because the average price has risen .15 to $4.00 a gallon.



Chart courtesy of Bloomberg

Thursday, March 1, 2012

Obama content in American's suffering over gas prices to achieve green agenda

On March 1st, Energy Secretary Stephen Chu uttered what most Americans believed, which is that President Obama has no thoughts on resolving high gas prices because to do so would interfere with his green agenda.

According to Politico, Chu admitted to a House committee that the administration is not interested in lowering gas prices.

Chu, along with the Obama administration, regards the spike in gas prices as a feature rather than a bug. High gas prices provide an incentive for alternate energy technology, a priority for the White House, and a decrease in reliance on oil for energy. - Yahoo News

Besides the Obama Administration, many Democrats have the same lack of compassion for Americans who are watching their disposable income shrink with each dime hike in prices.  Nancy Pelosi fell back on to the old rhetorical blame speculators instead of recognizing the growing inflation taking place due to Congressional, Executive, and Fed spending.

The American people speak loudest when markets or government try to dip into thier pocketbooks, and the President unwillingness or inability to deal with soaring gas prices will change many voters minds in the coming November elections.

Tuesday, February 21, 2012

California welcomes America to $5 gas prices

A customer of Gasbuddy.com today posted a gasoline price in the state of California that to date, appears to be the first location in the continential United States to have prices over $5 a gallon.


$5.04 - Regular Grade

Bo-Gas    6 Wharf Rd & Brighton Avenue in Bolinas, California

Billy3369 - 4 hours ago - California Gas Prices, Gas Buddy.com

With oil prices up another $1.43 today, and having crossed $105.00 per barrel over the weekend, chances are very good prices will rise nationwide towards the $5 mark as events escalate both in the Middle East, and in the central banks increasing money printing.