AUGUSTA, Maine — The price of a gallon of gas has jumped dramatically in Maine in the past week.
Price-tracking website MaineGasPrices.com reports Monday that the average price for a gallon of gasoline has jumped nearly nine cents to $3.45.
This compares with the national average that has increased nearly eight cents per gallon in the last week to $3.34.
Prices are still about 30 cents higher than the same day one year ago and are eight cents per gallon higher than a month ago.
A company analyst says prices are being driven up by Iranian threats to close the Strait of Hormuz, a vital waterway for global oil shipments.
Can ANYONE tell me why we are CONSTANTLY being f**ked by the oil companies and distributors?! And WHERE are our Senators and Representatives in all of this? Seems to me that We, The People don’t matter to our lords and masters under Emperor Obammy…
You can blame Obama all you want but the wild fluctuations in gas prices and gouging have been with us for longer than he has. The real answer is that the speculators tack their profit on the cost of commodities that we pay.
If you want to properly direct your anger, try aiming for Wall Street. You will be much more likely to hit your target.
Distraction in our news media is for extraction from our wallets. While the press reports on the Kardashians and the latest politician engaged in something improper, the extraction of our wealth is taking place unabated. Remember: Distraction is for extraction.
I dont have the answer but feel the same way! The Sen. and Reps are in their pockets. the lords and masters are the oil companies, and the pharmaceutical compaies. We are all justg pawns in the big game of chess.
LOL…wait until China and Russia walk away from buying our debt and begin purchasing oil in currencies other than dollars…in fact, they are already well on the way to doing so…you think you’re getting f**ked now? LMAO…just wait ’till you’re paying European prices with your newly depreciated currency!
European prices aren’t higher because oil is priced in doallars, it’s because of the taxes their government levies on gas. Part of the reason for high prices here is that US oil companies are exporting gas that is refined in the US so they can make a bigger profit. Of course speculation is also a huge part of it, Iran just says they are going to do something to hinder the movement of oil and the price jumps, without any actual action.
Two words: Peak Oil.
Goggle it if you must.
Get gasoline and heating oil reliance out of your life as much as possible. It’s only going to get worse otherwise.
yeah..contact your congressmen and women for sure…the greedy petro companies are at fault here:
http://news.yahoo.com/first-gas-other-fuels-top-us-export-200739553.html
Nice, really nice…….our own country shafting us. Who would have thought. :-)
Jumped $.09 cents TO $3.45????
I guess I must not have been in town that day….when did the price dip below $3.45?
It went down and it lasted for about 10 minutes first thing in the morning, I don’t think they bothered changing the signs at the stations….until it was time to hike them up at least 9 cents, I am sure some have gone higher by now
This is no surprise barley two weeks ago it was “Gas price are going down in Maine” and at that point it was barley 3 cents in some places. I figured it would be up 12 cents by now, but 9 cents is pretty close, give it another 9 in two more weeks.
Gov’t needs to start getting rid of speculators. If one read enough articles on why Oil is up one day and down the next you would see the inconstancy in stories and in the end, the speculators have an excuse for everything, such as why gas prices go up, why crude oil goes up, etc
The next President better work on this garbage. Bush nor Obama did anything. Surprised the Exxon CEO has not blasted out a press release on the billions he made for the entire year of 2011
Stocks rise and people make money on oil when we threaten Iran.. Simple enough!!! P.S. If Obama would allow the pipe line to be built from the Dakota’s to Texas we would be down to $2 a gallon in a couple of years.. another problem fixed… They lie when they say lets get off foreign oil… We have more oil in the Dakota’s then in the whole middle east… It’s all about money folks!!! The more oil being pumped the less the value of the stock… speculators are the cause and effect….
There is a a lot of oil in the Bakken/Dakota region, but it remains to be seen just how fast it can be pumped out of the ground.
We use about 17 million bbls a day of oil in this country. The Bakken region produces about a million or so bbls a day, while we import something like 9 million bbls a day. Thus the Dakota region is going to have to radically expand daily production to make much of a difference and even then, as I just explained in a reply to Rockabema, even if we produce lots of refined oil products in this country, they’ll just flow to countries that are willing to pay more for it than we are.
What you’d have to do is pass a law forbidding the export of oil and/or oil products from this country, because if oil is dear to the rest of the world, we, car drivers of the US, won’t be able to keep the gasoline here unless we are willing to pay what the overseas buyers are willing to pay.
Oil and oil products are the ultimate fungible commodities. You cannot have $2 gasoline here and expensive gasoline elsewhere (not counting overseas taxes) without markets and buyers attempting to equalize the situation.
Excellent analysis. You might also qualify your “export” law concept to include the adverse consequence of restricting sales to just USA markets will impose the marginal cost per unit of refined products to increase for “peak” refiners. This would drive them out of business and limit domestic supply.
Though I offered some thoughts on such an export ban, by no means am I *advocating* such a ban be put in place. Far from it actually. :-)
USA is exporting gas and oil,what the hell,how long is big oil going to be able to keep putting it to us.
As long as we keep buying
While it is true that oil exports have ticked up a bit, on the whole, the US is still a net importer of oil by a large margin. Then too, the US is not exporting much crude oil at all. What we are exporting some is finished products such as gasoline, but especially diesel, that latter of which is really in demand in other parts of the world where there are more diesel cars percentage-wise, compared to gasoline/petrol ones. What’s changed as of late is that we’re getting a bit more oil out of the Bakken formation (oil in North Dakota and Montana) thanks to new drilling technologies along with more oil from Canada. But then what happens is that world oil prices have jumped and people in the rest of the world are happily bidding for our oil and oil products, so our exports, though small compared to our imports, have moved up a bit. It’s also true that world crude oil is increasingly of a heavier, more “sour” type – something the more technically sophisticated refineries in the US can handle better than many other world oil refineries, so again, the world comes to buy our finished gasoline and other oil products.
We’re still mainly an oil importer however, and it’s doubtful that will change much.
We consume 60% of the oil pumped out of the ground every day around the world and we are but 4% of the world population. We pay about half what the rest of the world pays for a gallon of gas. China and India are becoming industrialized and are getting a very, very heavy thirst for the stuff as we speak. They are doing it with the help of the American consumer and our lack of patriotism at the cash register. We are indeed the engineers of our own demise. Everyone might want to save their belly aching until it gets to $10 a gallon.