Oil Slick Stuff

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I'm not sure what is actually causing gas to move up and down other than greed. Yesterday morning gas was between $3.28 and $3.38 a gallon and that was a slow fall from $3.45 hit last week. On my way home from work yesterday gas jumped to $3.49 a gallon. :mad::mad::mad:
 
nasa1974 said:
I'm not sure what is actually causing gas to move up and down other than greed. Yesterday morning gas was between $3.28 and $3.38 a gallon and that was a slow fall from $3.45 hit last week. On my way home from work yesterday gas jumped to $3.49 a gallon. :mad::mad::mad:
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it's jumped up because the ethanol subsidies have ended as of Jan 1st. The price of a gallon of gasoline at the wholesale level has been up a dime in the last two weeks, but another dime has come because of the end of ethanol subsidies.

See http://www.tsptalk.com/mb/showthread.php?2848-Oil-Slick-Stuff&p=342607#post342607

That's part of it, anyway.

$3.58 where I am today.
 
RealMoneyIssues said:
We are now used to $3/gal gas so now paying $4-5 is going to be no big deal... watch for it :(
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It is really sad when you are working for minimum wage and it takes 4-6 hours at work just to fill your gas tank. $4-5 a gallon sure will improve our unemployment problems.
 
At $4 to $5 a gallon it won't take long to ruin the economy as inflation in commodities prices eats away at everyones pocketbook.
DRILL DRILL DRILL!:suspicious:
Pipe Pipe Pipe!​
 
[TABLE="class: tablewrapper"]
[TR]
[TD="class: econo-reportname, colspan: 2"]EIA Petroleum Status Report
[/TD]
[/TR]
[TR]
[TD="colspan: 2"]

[TABLE="class: actual_consensus_box"]
[TR="class: actual_consensus_toprow"]
[TD]		Prior
Actual
Crude oil inventories (weekly change)
Gasoline (weekly change)
Distillates (weekly change)

[TD="class: econo-releaseinfo"] Released on 1/5/2012 11:00:00 AM For wk12/30, 2011
[/TD]

[TD="class: actual_consensus_box_numbers"]3.9 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] 2.2 M barrels
[/TD]

[TD="class: actual_consensus_box_numbers"]-0.7 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] 2.5 M barrels
[/TD]

[TD="class: actual_consensus_box_numbers"]1.2 M barrels
[/TD]
[TD="class: actual_consensus_box_numbers"] 3.2 M barrels
[/TD]
[/TD]
[/TR]
[/TABLE]
http://www.bloomberg.com/markets/economic-calendar/
[/TD]
[/TR]
[/TABLE]
 
Jan. 6, 2012, 12:17 a.m. EST
Oil extends declines in Asian trading

By Virginia Harrison, MarketWatch
SYDNEY (MarketWatch) — Crude-oil futures extended declines in electronic trading Friday, but held above $101 a barrel ahead of a closely watched U.S. jobs report due later in the day.

Bull markets, past and present: Is the rally over?

Since March 2009, the Dow has surged about 90%. As MarketWatch columnist Mark Hulbert notes, the latest bull market arguably has run much longer than others in history. And that might suggest it's run its course. Interview with Laura Mandaro. Photo: Getty Images.

Crude-oil for February delivery lost 24 cents, or 0.2%, to $101.57 a barrel on the New York Mercantile Exchange during Asian trading hours.
The drop extends a 1.4% decline for oil notched in the North American session, after a surprise increase in U.S. inventories sent the commodity sharply lower. Read more on Thursday's oil session. http://www.marketwatch.com/story/oil-extends-declines-in-asian-trading-2012-01-06
 
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