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Will Gasoline Prices Surge Overnight Due to Record Crude Oil Prices?

That is all.Thank you for the heads up! I topped off yesterday (Thank you Lord for telling me to, even though I was at half a tank) and the price was $3.89/gal.Thanks KG!! As usual, your information is helpful & appreciated. :)We're already over $4 here...thankfully it only goes up once a week...I topped off yesterday before the increase at midnight.Thanks for the tip, KG. I need to fill 'er up today. It's 3.99 - 4.07 here.Guess I will be filling up as well todayFeel free to spread more cheer KG :yuck: LOL Only
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  • #52
Jean DeVries said:
I meant it didn't have to do with end consumer supply and demand. It had to do with investor supply and demand.

Or rather, investor demand.
That's the way the world oil market works.

It is also how just about any futures market works. It is neither good nor bad. It is the way it is.
 
  • #53
Ugh...$4.42 is the absolute cheapest today. Not good.
 
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  • #54
ChefBeckyD said:
I'm wondering that too.....

and what does it mean to get green credits?


I don't get it?:confused:
It's one of the hairbrained schemes being proposed by the Sky Is Falling crowd. You would be allocated a certain amount of emissions credits by the carbon police, within national carbon budgets that are going to be assigned by some international governmental body. You'd be given a card with X number of carbon credits and have to surrender credits when buying fuel or electricity.

It is masquerading as a do-gooder way to save the earth but in reality, it's just another way for bureaucrats to collect more taxes from you, limit your freedom and gain even more control over your life.
 
  • #55
The_Kitchen_Guy said:
It's one of the hairbrained schemes being proposed by the Sky Is Falling crowd. You would be allocated a certain amount of emissions credits by the carbon police, within national carbon budgets that are going to be assigned by some international governmental body. You'd be given a card with X number of carbon credits and have to surrender credits when buying fuel or electricity.

It is masquerading as a do-gooder way to save the earth but in reality, it's just another way for bureaucrats to collect more taxes from you, limit your freedom and gain even more control over your life.


What???? That is just insane. I bet Al Gore thought that up didn't he?:grumpy:
 
  • #56
The_Kitchen_Guy said:
It's one of the hairbrained schemes being proposed by the Sky Is Falling crowd. You would be allocated a certain amount of emissions credits by the carbon police, within national carbon budgets that are going to be assigned by some international governmental body. You'd be given a card with X number of carbon credits and have to surrender credits when buying fuel or electricity.

It is masquerading as a do-gooder way to save the earth but in reality, it's just another way for bureaucrats to collect more taxes from you, limit your freedom and gain even more control over your life.
Um, hello? Can we say Socialism?
 
  • #57
ChefBeckyD said:
What???? That is just insane. I bet Al Gore thought that up didn't he?:grumpy:
Either that or Ed Begley Jr. I'm just thankful that Al Gore had the foresight to invent the internet! :p
 
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  • #58
Most of this insanity has been coming out of Europe and England is considering the legislation.Actually, Ed Begley, Jr. is one of the few who not only talks the talk but walks the walk. He has made great efforts to conserve and be "green." He has been a fan of, and he's been driving, electric cars for some some time.Of course, electric cars are not really green. They simply move the exhaust from the tailpipe to the smoke stack of the power plant that provides the electrical service he uses to charge the batteries. Oops. We weren't supposed to notice that.
 
  • #59
;)
The_Kitchen_Guy said:
Most of this insanity has been coming out of Europe and England is considering the legislation.

Actually, Ed Begley, Jr. is one of the few who not only talks the talk but walks the walk. He has made great efforts to conserve and be "green." He has been a fan of, and he's been driving, electric cars for some some time.

Of course, electric cars are not really green. They simply move the exhaust from the tailpipe to the smoke stack of the power plant that provides the electrical service he uses to charge the batteries.

Oops. We weren't supposed to notice that.
I know Ed is a walker of the talk... I was trying to be funny...:blushing: ;)

It's sad to watch things spiral out of control. Let me know when some of you are ready to storm the castle gates. I am gonna buy a pitchfork this weekend so I'm ready when you all are! :)
 
  • #60
If I didn't live in the boonies, I would ride a bike! Great excercise.
Only prob is the crate will be hard to take to shows:D
 
  • #61
krzymomof4 said:
If I didn't live in the boonies, I would ride a bike! Great excercise.
Only prob is the crate will be hard to take to shows:D

Use a rolling suitcase & pull it behind the bike! :D
 
  • #62
That $3.69 gas yesterday turned to $3.89 this morning.
 
  • #63
Our gas has been $3.99 for a few weeks. Did go down to $3.89 for two days and then back up to $3.99 now!
 
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  • #64
kaseydee said:
That $3.69 gas yesterday turned to $3.89 this morning.
Pretty much what I expected. Around here, the jump only appears to be about a dime, but there's always tomorrow.
 
  • #65
3.99 here last night when I chose to heed KG's warning and filled my tank. This morning it's at 4.16
OUCH
Thank KG!!
 
  • #66
I'm growing corn for my own fuel! LOL kidding...maybe I could make some gas from the toots of bovines?
 
  • #67
Well, we had our jump here... This morning regular was $3.95 (or was it $3.93... it's been weirder than weird lately)... just went past the station around the corner: it's now $4.07 for regular... the other week when it went up it stopped short of $4/gallon so this was quite a shock for around here... even knowing it's coming, it's still a smack when it happens.
 
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  • #68
Kitchen Diva said:
I'm growing corn for my own fuel! LOL kidding...maybe I could make some gas from the toots of bovines?
Funny - if YOU grow corn and try to make it into alcohol, the revenuers will be there to bust up your still and haul your butt to jail.

But if you're a lobbying group and pay off the right people, they'll pay YOU 51¢ a gallon to distill it.

What is wrong with this picture?
 
  • #69
The_Kitchen_Guy said:
Funny - if YOU grow corn and try to make it into alcohol, the revenuers will be there to bust up your still and haul your butt to jail.

But if you're a lobbying group and pay off the right people, they'll pay YOU 51¢ a gallon to distill it.

What is wrong with this picture?

Actually, some folks using veggie oil to run their cars are finding themselves "tax evaders" by the long arm of the tax laws... so you don't even need to grow it, just take some used oil off your neighborhood restaurateur's hands and put it in your car and look out. Vegetable oil fuels cars -- and tax bills - Los Angeles Times
 
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  • #71
Amazing, isn't it? Your tax dollars at work, making sure they collect more tax dollars.
 
  • #72
And what's really ridiculous is that we're under a Republican government and the Republican party was started with an emphasis on LESS governmental involvement and smaller government. Yeesh. :rolleyes:
 
  • #73
The_Kitchen_Guy said:
Funny - if YOU grow corn and try to make it into alcohol, the revenuers will be there to bust up your still and haul your butt to jail.

But if you're a lobbying group and pay off the right people, they'll pay YOU 51¢ a gallon to distill it.

What is wrong with this picture?

Anyone know any lobbiests? I need some cash! :) LOL..heck I can't garden, who am I kidding?
 
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  • #74
chefann said:
And what's really ridiculous is that we're under a Republican government and the Republican party was started with an emphasis on LESS governmental involvement and smaller government. Yeesh. :rolleyes:
With a Democrat controlled, do-nothing Congress. If you look up "useless" in the dictionary, you'll find pictures of Nancy Pelosi and Dingy Harry Reid.
 
  • #75
chefann said:
And what's really ridiculous is that we're under a Republican government and the Republican party was started with an emphasis on LESS governmental involvement and smaller government. Yeesh. :rolleyes:

Yes, they've turned into political whimps and greedy sob's...I'm so proud of them. I'm a woman without a party and pretty soon I might be a woman without a country! :( Darn Idiots!
 
  • #76
The_Kitchen_Guy said:
With a Democrat controlled, do-nothing Congress.

If you look up "useless" in the dictionary, you'll find a pictures of Nancy Pelosi and Dingy Harry Reid.
LOL!!!!!!!!!!!!!!!! (btw KG, are you a dittohead?)
 
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  • #77
Oh, yeah, I'm a big fan of Harry "The War Is Lost" Reid (Pssst! Don't talk about that federally subsidized bridge that only goes to my land.)
 
  • #78
The_Kitchen_Guy said:
Oh, yeah, I'm a big fan of Harry "The War Is Lost" Reid (Pssst! Don't talk about that federally subsidized bridge that only goes to my land.)
Are you talking about the bridge that they are building up here in Minneapolis? Or did I miss an episode of Rush Limbaugh?
 
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  • #79
Kitchen Diva said:
Are you talking about the bridge that they are building up here in Minneapolis? Or did I miss an episode of Rush Limbaugh?
Here: http://www.latimes.com/news/politics/la-na-earmarks13nov13,0,6626376,full.story?coll=la-home-headlines.
 
<h2>1. Will gas prices surge overnight due to record crude oil prices?</h2><p>It is likely that gas prices will see an increase overnight as crude oil prices have reached a new record high. This could result in a jump of 20¢ to 25¢ per gallon, although the exact increase may vary depending on the specific area and market conditions.</p><h2>2. How much has the price of crude oil increased?</h2><p>The price of crude oil has spiked over $140 per barrel, which is an increase of more than 14%. It closed at $138.54, setting a new record.</p><h2>3. Should I fill up my gas tank today?</h2><p>It may be a good idea to top off your gas tank today, as there is a possibility of a significant price increase overnight. This can help you save money in the long run.</p><h2>4. How much of an increase can we expect in gas prices?</h2><p>While the exact increase may vary, it would not be surprising to see a jump of 20¢ to 25¢ per gallon in gas prices due to the record high crude oil prices. However, this may also depend on factors such as location and market conditions.</p><h2>5. Is there anything else I should know about the current gas prices?</h2><p>Aside from the potential increase in gas prices, it is important to keep an eye on any updates or changes in the market. It is also recommended to practice fuel-efficient driving habits and consider alternative transportation options to save on gas costs.</p>

Related to Will Gasoline Prices Surge Overnight Due to Record Crude Oil Prices?

1. Will gas prices surge overnight due to record crude oil prices?

It is likely that gas prices will see an increase overnight as crude oil prices have reached a new record high. This could result in a jump of 20¢ to 25¢ per gallon, although the exact increase may vary depending on the specific area and market conditions.

2. How much has the price of crude oil increased?

The price of crude oil has spiked over $140 per barrel, which is an increase of more than 14%. It closed at $138.54, setting a new record.

3. Should I fill up my gas tank today?

It may be a good idea to top off your gas tank today, as there is a possibility of a significant price increase overnight. This can help you save money in the long run.

4. How much of an increase can we expect in gas prices?

While the exact increase may vary, it would not be surprising to see a jump of 20¢ to 25¢ per gallon in gas prices due to the record high crude oil prices. However, this may also depend on factors such as location and market conditions.

5. Is there anything else I should know about the current gas prices?

Aside from the potential increase in gas prices, it is important to keep an eye on any updates or changes in the market. It is also recommended to practice fuel-efficient driving habits and consider alternative transportation options to save on gas costs.

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