Not Logged In Log In   Sign Up   Points Leaders
Follow Us    1:20 AM

GasBuddy News Article

55
votes
More Expensive Gas Pushes Up US Wholesale Prices

Elite Daily -- Higher gas costs drove U.S. wholesale prices up last month. But excluding the big jump in gas, inflation was mostly tame. The Labor Department said Thursday that the producer price index rose 0.4 percent in February. Food prices declined to offset some of the increase in energy costs.

Oil and gas prices have surged since the beginning of the year. The average retail price for a gallon of gas was $3.81 on Wednesday, according to AAA. That’s 50 cents higher than a month ago.

The Fed highlighted the increase in gas prices on Tuesday after its one-day policy meeting. Policymakers said they expect rising energy prices to temporarily raise inflation.

The Fed also repeated its plan to keep its benchmark interest rate near zero until at least 2014, a sign that it is not concerned about out-of-c


Read the Full Article

Submitted Feb 14, 2013 By: bar1035
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: More Expensive Gas Pushes Up US Wholesale Prices Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
tomok
Champion Author Portland

Posts:39,936
Points:2,678,485
Joined:Aug 2006
Message Posted: Feb 22, 2013 12:49:21 AM

More Expensive Gas Pushes Up US Wholesale Prices and many other things are more expensive because of it. Expensive Gas? - the current economy has a much harder time recovering, food costs are up, good and services cost more, along with many other things and items costing more.
We are stuck four more years with this mess before any kind of recovery will begin to happen and some kind of sanity can return to the federal government.
Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
Profile Pic
blupupher
Champion Author Houston

Posts:5,250
Points:1,079,885
Joined:Feb 2011
Message Posted: Feb 15, 2013 7:17:12 AM

yup
Profile Pic
remay
Champion Author Houston

Posts:8,457
Points:2,442,865
Joined:May 2006
Message Posted: Feb 15, 2013 5:54:02 AM

Again and again and again...
Profile Pic
bby
Champion Author Twin Cities

Posts:7,290
Points:1,348,550
Joined:Nov 2009
Message Posted: Feb 15, 2013 12:25:48 AM

Ok
Profile Pic
Zing20
All-Star Author Fresno

Posts:982
Points:445,620
Joined:Nov 2012
Message Posted: Feb 15, 2013 12:17:12 AM

Prices are going up & up.
Profile Pic
Ray_10589
Champion Author New York

Posts:6,506
Points:1,506,470
Joined:May 2009
Message Posted: Feb 15, 2013 12:04:35 AM

Interesting article, thanks for posing!
Profile Pic
ican2step
Champion Author Pittsburgh

Posts:3,276
Points:754,475
Joined:Feb 2012
Message Posted: Feb 14, 2013 11:53:27 PM

Okay
Profile Pic
vibdata
Champion Author Massachusetts

Posts:4,980
Points:1,027,230
Joined:Nov 2005
Message Posted: Feb 14, 2013 11:37:13 PM

Hey. I bet it is pushing up the RETAIL prices as well. How come it costs $4.00 for a gallon of milk??? Soon....
Profile Pic
CVA19
Champion Author Salem

Posts:2,393
Points:896,950
Joined:Aug 2011
Message Posted: Feb 14, 2013 11:26:05 PM

All part of Obama's plan to help the middle class.

Right.
Profile Pic
wshokie12
Champion Author Winston-Salem

Posts:2,535
Points:504,140
Joined:Aug 2012
Message Posted: Feb 14, 2013 11:21:48 PM

No doubt.
Profile Pic
crreed1
Champion Author West Virginia

Posts:3,576
Points:2,849,740
Joined:May 2005
Message Posted: Feb 14, 2013 11:20:51 PM

crooks
Profile Pic
boatfloyd
Champion Author Jacksonville

Posts:3,397
Points:720,865
Joined:Mar 2012
Message Posted: Feb 14, 2013 11:20:09 PM

Inflation at Work
Profile Pic
regout
Champion Author Quebec

Posts:4,585
Points:1,159,015
Joined:May 2010
Message Posted: Feb 14, 2013 11:17:54 PM

No surprise about this more the oil is high more all products will cost more.
Profile Pic
Buddy2264
Champion Author Tampa

Posts:13,362
Points:2,694,170
Joined:Oct 2005
Message Posted: Feb 14, 2013 11:15:32 PM

I hope we are not surprised as this will continue to happen as things improve.
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:5,558
Points:1,105,045
Joined:Mar 2011
Message Posted: Feb 14, 2013 11:15:09 PM

crooks
Profile Pic
litoand
Rookie Author San Diego

Posts:55
Points:31,195
Joined:Feb 2013
Message Posted: Feb 14, 2013 11:15:07 PM

Up & down .......
Profile Pic
jetskijerry
Champion Author North Carolina

Posts:5,558
Points:1,105,045
Joined:Mar 2011
Message Posted: Feb 14, 2013 11:14:33 PM

imagine that
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:4,335
Points:996,150
Joined:Jan 2010
Message Posted: Feb 14, 2013 11:13:47 PM

Go figure.
Profile Pic
Nshmidt
Sophomore Author New York

Posts:105
Points:301,575
Joined:Oct 2012
Message Posted: Feb 14, 2013 11:13:43 PM

I see money money money...
leaving my pocket.
Profile Pic
CivicMA
Champion Author Boston

Posts:3,584
Points:866,520
Joined:Jun 2011
Message Posted: Feb 14, 2013 11:07:50 PM

Yes, as cost of fuel and thus transportation and mfg goes up, so does everything else.
Profile Pic
Glock26
Champion Author Dayton

Posts:3,120
Points:952,605
Joined:Mar 2011
Message Posted: Feb 14, 2013 11:07:36 PM

Nothing but Greed!!!
Profile Pic
N5EXY
Champion Author Austin

Posts:7,186
Points:1,843,370
Joined:Jul 2004
Message Posted: Feb 14, 2013 11:07:13 PM

Brilliant observation, Mr. Watson.
Profile Pic
mcbrownie220
Sophomore Author Toledo

Posts:225
Points:184,525
Joined:Jun 2012
Message Posted: Feb 14, 2013 11:06:14 PM

ok
Profile Pic
judgemobile
Champion Author Ohio

Posts:9,239
Points:2,779,135
Joined:Nov 2005
Message Posted: Feb 14, 2013 11:04:54 PM

greed lives !!!
Profile Pic
PrinceLH
Champion Author Ontario

Posts:4,363
Points:871,020
Joined:Jun 2011
Message Posted: Feb 14, 2013 11:04:27 PM

Well? You voted for that bum and this is your prize.
Profile Pic
JasTheAce
Champion Author Raleigh

Posts:2,610
Points:503,900
Joined:Nov 2012
Message Posted: Feb 14, 2013 11:04:08 PM

what?
Profile Pic
Prodaddy
Champion Author Houston

Posts:10,011
Points:2,223,215
Joined:May 2007
Message Posted: Feb 14, 2013 11:03:29 PM

Gas prices are out of site, time o start riding the bus again
Profile Pic
skybiker
Champion Author South Carolina

Posts:8,487
Points:1,867,910
Joined:Jul 2008
Message Posted: Feb 14, 2013 11:00:31 PM

Speculators be cursed!!
Profile Pic
btex49
Champion Author Austin

Posts:4,289
Points:845,285
Joined:Aug 2011
Message Posted: Feb 14, 2013 11:00:19 PM

Soon folks will be parking their cars, not filling prescriptions, or not eating right just to survive the Obama presidency.
Profile Pic
cnw 1690
Champion Author South Dakota

Posts:15,089
Points:3,112,665
Joined:Oct 2003
Message Posted: Feb 14, 2013 10:59:17 PM

Anyone want to place bets on gas at $4.50+ by Memorial day?
Profile Pic
mfeldstein
Champion Author Ottawa

Posts:9,742
Points:2,244,355
Joined:Feb 2007
Message Posted: Feb 14, 2013 10:54:44 PM

So much for the predictions that gas prices were going down, eh?
Profile Pic
bbigred
Veteran Author Lansing

Posts:456
Points:311,410
Joined:May 2006
Message Posted: Feb 14, 2013 10:53:24 PM

Oil speculators need to be eliminated from this oil pricing system...way too much power
Profile Pic
JCClark2012
Champion Author New Hampshire

Posts:3,046
Points:726,595
Joined:Mar 2012
Message Posted: Feb 14, 2013 10:51:41 PM

This rising gas prices are drowning everyone.

[Edited by: JCClark2012 at 2/14/2013 11:52:31 PM EST]
Profile Pic
Wild_cat
Sophomore Author Illinois

Posts:177
Points:260,015
Joined:Jul 2008
Message Posted: Feb 14, 2013 10:51:22 PM

Thank you, Obama!
Profile Pic
amearly
Champion Author Michigan

Posts:13,733
Points:2,793,910
Joined:Jan 2006
Message Posted: Feb 14, 2013 10:46:35 PM

I see there pusing for 4.00 dollars as the price on the market jump 9 cent today which means a 20 + jump at the pumps this will really help the consumer.
Profile Pic
DustyHorse
Champion Author Virginia

Posts:7,719
Points:1,702,825
Joined:Oct 2008
Message Posted: Feb 14, 2013 10:46:01 PM

It is putting a drag on our economy that will eventually show up in the economic numbers.
Profile Pic
grt197
Champion Author Illinois

Posts:2,079
Points:444,950
Joined:Jan 2013
Message Posted: Feb 14, 2013 10:44:08 PM

here is more expensive
Profile Pic
SavALot
Champion Author Virginia Beach

Posts:10,106
Points:2,042,085
Joined:Apr 2005
Message Posted: Feb 14, 2013 10:43:53 PM

rising gas prices aren't helping anyone
Profile Pic
bvrbill
Champion Author Eugene

Posts:5,823
Points:851,050
Joined:Jul 2011
Message Posted: Feb 14, 2013 10:43:51 PM

No long term economic recovery as long as fuel prices keep increasing.
Profile Pic
jorod55
Champion Author California

Posts:3,136
Points:763,965
Joined:Dec 2011
Message Posted: Feb 14, 2013 10:43:29 PM

And now the excuse of the day...
Profile Pic
heydano67
Champion Author California

Posts:2,449
Points:653,245
Joined:Feb 2012
Message Posted: Feb 14, 2013 10:41:39 PM

ouch
Profile Pic
Nshmidt
Sophomore Author New York

Posts:105
Points:301,575
Joined:Oct 2012
Message Posted: Feb 14, 2013 10:40:28 PM

up up and up
Profile Pic
BREW9
Champion Author Tampa

Posts:2,532
Points:3,245,530
Joined:Jun 2004
Message Posted: Feb 14, 2013 10:38:28 PM

shocked
Profile Pic
wbpprint
Champion Author Chicago

Posts:1,287
Points:1,721,820
Joined:Jun 2007
Message Posted: Feb 14, 2013 10:36:54 PM

Unlike King Midas who everything he touched turned to gold, everything Obama touches turns into, well it is not hit. He is ruining the economy and our way of like at every turn. I guess that is what he meant by "change"
Profile Pic
drz614
Champion Author Harrisburg

Posts:3,973
Points:931,265
Joined:Aug 2011
Message Posted: Feb 14, 2013 10:31:25 PM

lol, inflation was tame... anyone been to the grocery store or gas station lately?
Profile Pic
mstearno
Champion Author Dayton

Posts:9,292
Points:2,033,210
Joined:Jan 2008
Message Posted: Feb 14, 2013 10:26:04 PM

it's all bad politics
let the free market be free
Profile Pic
Dragnet
Champion Author Arizona

Posts:17,120
Points:3,228,005
Joined:Jul 2004
Message Posted: Feb 14, 2013 10:25:02 PM

And it's all politics.
Profile Pic
Lizzylou
Champion Author Stockton

Posts:8,818
Points:2,357,285
Joined:Oct 2005
Message Posted: Feb 14, 2013 10:24:06 PM

NOT SURPRISED
Profile Pic
abacus44
Champion Author Toms River

Posts:5,016
Points:1,072,255
Joined:Jan 2011
Message Posted: Feb 14, 2013 10:19:03 PM

OK
Profile Pic
NO_SWEAT
Champion Author Toronto

Posts:5,914
Points:1,397,135
Joined:Jul 2008
Message Posted: Feb 14, 2013 10:17:23 PM

So normal - getting ripped off everyday.
Post a reply Back to Topics