Not Logged In Log In   Sign Up   Points Leaders
Follow Us    10:42 AM

GasBuddy News Article

38
votes
Gasoline pump prices soaring on refinery repairs, oil rally

The Saratogian -- "Gas prices are rising at a faster-than-expected pace," Ash, an AAA spokesman in Washington, said in an interview Tuesday. "There's reason to suspect the peak we see will be earlier this year. We still expect they will peak at a lower level than in 2012," but they may approach that level, he said.

The EIA revised its forecast for 2013 gasoline prices up to $3.55 a gallon Feb. 12, from a $3.44 estimate in January.

The jump in gasoline futures has swelled the crack spread, a measure of refining profit. April-delivery gasoline's premium versus Brent was $21.85 a barrel, 53 percent higher than a year ago.

Schork predicts the retail average rise another 15 cents to 20 cents by the end of February. Prices then usually climb higher as the more-expensive summer-grade gasoline makes it way


Read the Full Article

Submitted Feb 21, 2013 By: aservant
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Gasoline pump prices soaring on refinery repairs, oil rally Back to Topics
REPLIES (newest first) Post a Reply
gs7101
Champion Author San Antonio

Posts:8,418
Points:572,785
Joined:Jun 2009
Message Posted: Feb 22, 2013 6:14:37 AM

Any excuse is better than none to increase oil prices.
sonicmustang
All-Star Author Alberta

Posts:637
Points:150,525
Joined:Dec 2010
Message Posted: Feb 21, 2013 11:42:19 PM

More lip service
lesndave
Champion Author Texas

Posts:6,141
Points:1,470,250
Joined:May 2011
Message Posted: Feb 21, 2013 10:10:13 PM

Blah blah blah
Mystikal1
Veteran Author Akron

Posts:399
Points:1,315,180
Joined:May 2011
Message Posted: Feb 21, 2013 8:29:02 PM

The EIA awoke from its Rip Van Winkle slumber to revise its gas price forecast by a mere 11 cents. Go back to sleep EIA. It is obvious your eyes are closed.
GatorGuy
Champion Author Columbia

Posts:4,312
Points:1,906,640
Joined:Jan 2009
Message Posted: Feb 21, 2013 3:05:01 PM

Please peak already.
heydano67
Champion Author California

Posts:2,687
Points:1,047,290
Joined:Feb 2012
Message Posted: Feb 21, 2013 2:04:26 PM

mo money out of my pocket
Double_Golden
Champion Author San Francisco

Posts:4,086
Points:1,153,655
Joined:Aug 2011
Message Posted: Feb 21, 2013 1:06:01 PM

this is not the time for refinery repairs, just blend more gas to lower the prices...
EMoe57
Champion Author Jacksonville

Posts:7,775
Points:1,778,840
Joined:Apr 2009
Message Posted: Feb 21, 2013 12:14:34 PM

But SPECULATORS drive up the price
mageetp
Champion Author British Columbia

Posts:6,334
Points:1,393,235
Joined:Aug 2011
Message Posted: Feb 21, 2013 12:01:23 PM

More spin equals high pump prices.
NightRider
Champion Author Dallas

Posts:2,769
Points:152,855
Joined:Apr 2012
Message Posted: Feb 21, 2013 11:51:45 AM

The formula for the increased price of a gallon of gas: The amount of money the average person has left over at the end of the month divided by the average number of gallons of gasoline used. This equals the amount available for a price increase per gallon. Gas price increase equals up to 100% of this amount. Add a few pennies to the existing price and drive around, use GasBuddy or call the other stations to see their price. Share this information with all of the other stations in the area and everyone decide on what the price will be.
Mikeyman74
Sophomore Author Indianapolis

Posts:109
Points:24,840
Joined:Feb 2013
Message Posted: Feb 21, 2013 11:34:13 AM

At least we can vent for free.
Bud122CA
Champion Author California

Posts:10,179
Points:2,346,420
Joined:Jul 2008
Message Posted: Feb 21, 2013 11:30:40 AM

No way to stop greed. They will use ANY excuse to jack up the prices.
mainenightowl
Champion Author Maine

Posts:2,014
Points:636,250
Joined:May 2012
Message Posted: Feb 21, 2013 11:30:40 AM

Then we will be at or over $4/gal here in Maine by the end of Feb. if prices are set to rise another 15-20 cents/gal. We are averaging $3.79-3.89/gal now for reg. here. It's the greedy speculators that are pushing these prices up more than anything, even refinery maintenance or summer-blend gasoline beginning to trickle into the market.
sivart
Champion Author Arkansas

Posts:22,510
Points:3,846,495
Joined:May 2004
Message Posted: Feb 21, 2013 11:18:50 AM

The other article said "crude inventory is up" so let's just shut down some refineries and that will cause the price at the pump to jump!!
mickealo
Champion Author Spokane

Posts:9,217
Points:2,869,165
Joined:Oct 2006
Message Posted: Feb 21, 2013 11:17:49 AM

sure wish they could build more refinneries so when one is down they could just ramp up another so prices could be more stable instead of these big jumps up and down and now washington state is trying to raise state gas tax by .10 cents a gallon and we are already higher than most states
investmentdr
Champion Author Cleveland

Posts:6,593
Points:2,185,375
Joined:Sep 2008
Message Posted: Feb 21, 2013 11:16:38 AM

article out of date. oil and gasoline down another -2% today (-5% from highs last week)
IMLURCH
Champion Author Minnesota

Posts:5,367
Points:1,868,525
Joined:Mar 2009
Message Posted: Feb 21, 2013 11:16:25 AM

Cut the bull in idiot terms WE ARE GETTING RIPPED OFF.
WILDCAT112
Champion Author South Carolina

Posts:1,452
Points:319,125
Joined:Aug 2012
Message Posted: Feb 21, 2013 11:14:28 AM

just another way BIG OIL and this BIG OIL CONGRESS can keep gouging us
TopGunn
Champion Author Baltimore

Posts:12,289
Points:3,381,515
Joined:Aug 2004
Message Posted: Feb 21, 2013 11:14:09 AM

"Oil Rally" - same as 'speculator driven'!
gumbyrex
Champion Author Fresno

Posts:6,512
Points:1,533,130
Joined:Mar 2011
Message Posted: Feb 21, 2013 11:12:06 AM

When are we going to build the new refineries we need?
ciimike
Champion Author Nevada

Posts:4,763
Points:1,192,925
Joined:Aug 2005
Message Posted: Feb 21, 2013 11:11:26 AM

Always seems that refineries are down for repairs or maintenance whenever prices start to decrease.
bicycler
Champion Author Ontario

Posts:14,815
Points:2,598,445
Joined:May 2005
Message Posted: Feb 21, 2013 11:11:02 AM

I am very suspicious of all those refinery breakdowns which cause so many gas price peaks which jump up and then dip only slightly:"Rocket up feather down, but only slightly"!
Grismer
Champion Author Kitchener-Waterloo

Posts:11,674
Points:2,490,845
Joined:Apr 2008
Message Posted: Feb 21, 2013 11:11:01 AM

More excuses; more pain at the pump.
otherdave
Champion Author Indiana

Posts:6,656
Points:2,045,415
Joined:Oct 2008
Message Posted: Feb 21, 2013 11:08:30 AM

Time for another exciting episode of "Screw the Consumer"!
chvytruk
All-Star Author Kentucky

Posts:806
Points:412,335
Joined:Sep 2006
Message Posted: Feb 21, 2013 11:07:40 AM

"......they will peak at a lower level than in 2012......."

PEAK? at lower levels than last year???

Prices here are 3.79 and climbing, and somehow the speculation that prices will peak lower than last year is supposed to make us feel better??

This is OCE, pur and simple -- Oil Company extortion!
jpj23
Champion Author Los Angeles

Posts:7,444
Points:1,549,575
Joined:Jul 2008
Message Posted: Feb 21, 2013 11:06:52 AM

"Refinery repairs." Oh, that old reason. How many times have I heard that?
joezIN
Champion Author Gary

Posts:4,179
Points:961,755
Joined:May 2011
Message Posted: Feb 21, 2013 11:05:44 AM

always an excuse
paulydel
Champion Author Delaware

Posts:11,883
Points:1,414,590
Joined:Jan 2008
Message Posted: Feb 21, 2013 11:04:35 AM

Thats the truth.
Wildman14
Champion Author Virginia

Posts:5,849
Points:1,265,930
Joined:Jul 2008
Message Posted: Feb 21, 2013 11:03:41 AM

What "arnerator" said.
arnerator
Champion Author Seattle

Posts:11,379
Points:2,381,475
Joined:Sep 2008
Message Posted: Feb 21, 2013 11:00:13 AM

How convenient of them to manufacture a shortage.
Infamoussteve
Veteran Author Illinois

Posts:499
Points:44,825
Joined:Jan 2013
Message Posted: Feb 21, 2013 10:59:51 AM

Prices just started to drop....but will be back up by Monday
q2
Champion Author Alberta

Posts:5,264
Points:1,148,795
Joined:Nov 2008
Message Posted: Feb 21, 2013 10:59:04 AM

old news
DutchTreatMI
Champion Author Grand Rapids

Posts:6,152
Points:1,494,455
Joined:Mar 2011
Message Posted: Feb 21, 2013 10:58:31 AM

Gas prices are starting to come down a few cents a gallon in our area finally.
pricechecker08
Champion Author Ohio

Posts:11,072
Points:2,465,925
Joined:Jan 2008
Message Posted: Feb 21, 2013 10:58:22 AM

refineries are shut for maintance to clean up and force prices higher.
NightRider
Champion Author Dallas

Posts:2,769
Points:152,855
Joined:Apr 2012
Message Posted: Feb 21, 2013 10:57:36 AM

There is no NEED for gasoline prices to increase but there is GREED.
Bigtex09
Champion Author Dallas

Posts:6,625
Points:1,895,080
Joined:Oct 2009
Message Posted: Feb 21, 2013 10:54:53 AM

i find myself driving a lot less, just cannot budget it into my expenses, might look into some govt free bees like the rest of the public gets, start with a free phone, housing, food... is ther a program for free gas yet?
NanookAK
Champion Author Anchorage

Posts:10,604
Points:2,216,290
Joined:Nov 2007
Message Posted: Feb 21, 2013 10:53:39 AM

Manipulating the market.
dwbuddy
Champion Author Fort Worth

Posts:4,338
Points:1,496,275
Joined:Dec 2010
Message Posted: Feb 21, 2013 10:53:11 AM

more BS from the oil gurus....
BAJALRRP
Champion Author Tacoma

Posts:2,918
Points:1,984,455
Joined:Oct 2005
Message Posted: Feb 21, 2013 10:52:31 AM

I'm staying home!
Sapper08
Champion Author Indianapolis

Posts:3,893
Points:981,445
Joined:Mar 2012
Message Posted: Feb 21, 2013 10:51:37 AM

There's no 3.55/gal fuel in Indy!
impactdi
Rookie Author Michigan

Posts:96
Points:428,655
Joined:May 2011
Message Posted: Feb 21, 2013 10:51:20 AM

What does March oil futures have to do with the gas that's in the stations tanks today?
sciotosix
Champion Author Dayton

Posts:5,976
Points:1,442,700
Joined:Apr 2011
Message Posted: Feb 21, 2013 10:51:16 AM

Just another excuse.
homespesial
All-Star Author Seattle

Posts:714
Points:218,225
Joined:Oct 2012
Message Posted: Feb 21, 2013 10:50:51 AM

interesting
packards42
Champion Author Washington

Posts:9,339
Points:1,783,375
Joined:Feb 2005
Message Posted: Feb 21, 2013 10:49:01 AM

Tell us about it diesel and premium are at the $4 mark now.
gasper
Champion Author Edmonton

Posts:7,309
Points:2,064,515
Joined:Mar 2002
Message Posted: Feb 21, 2013 10:46:14 AM

Marketing strategy raise the prices way high then drop them slowly so people think that they are getting a deal on fuel great way to pick your pocket.
wmderrick
Champion Author Twin Cities

Posts:3,079
Points:1,130,945
Joined:Apr 2010
Message Posted: Feb 21, 2013 10:45:22 AM

How convenient.
MitchelSdReview
Champion Author South Dakota

Posts:1,416
Points:392,735
Joined:Jun 2008
Message Posted: Feb 21, 2013 10:44:54 AM

ok
f4driver
Champion Author Maine

Posts:5,605
Points:1,330,935
Joined:Aug 2007
Message Posted: Feb 21, 2013 10:44:04 AM

"Gasoline pump prices soaring"....really? Who's the Mensa Society member who noticed that???
Cachase1
Champion Author Oklahoma City

Posts:14,703
Points:3,157,435
Joined:Aug 2003
Message Posted: Feb 21, 2013 10:43:27 AM

Rising prices, progress in the wrong direction.
drakeman70
Sophomore Author Vermont

Posts:110
Points:49,415
Joined:Oct 2008
Message Posted: Feb 21, 2013 10:42:50 AM

another 15 to 20 cents ups us way over $4 a gallon.
txkrb
Champion Author Texas

Posts:2,809
Points:1,334,125
Joined:May 2011
Message Posted: Feb 21, 2013 10:42:11 AM

Gas prices peaked in February/March of 2011 and 2012 only to drop in April of those years
Post a reply Back to Topics