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Why Prices Are Soaring At The Pump (UP 50 CENTS)

WTAP News -- Prices soaring at the pump all over the valley.

Thursday, prices jumped over 50 CENTS in places around our area. Some stations are seeing almost $3.90 a gallon.

WTAP spoke to Terry Flemming the Executive Director of The Ohio
Petroleum Council to explain why we're seeing the price increase.

Flemming says the reason for the spike in gas prices is problems in piplenes at two Midwest refineries.

"That many gallons taken out of the daily production that are distributed throughout the Midwest causes shortages. When you have shortages, you're gonna see price spikes to try to keep gas in the service stations so they have fuel for those that need it. "

Flemming adds, "even if it's not coming from the Midwest, the refineries that supply you may have to divert some of the fuel that they would no


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Submitted Aug 03, 2012 By: WalkingWV
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Why Prices Are Soaring At The Pump (UP 50 CENTS) Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: Aug 7, 2012 5:04:04 AM

greed.
sparky808
Champion Author Honolulu

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Message Posted: Aug 4, 2012 3:12:50 PM

Thank you for posting.
RogerB
Champion Author Indianapolis

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Message Posted: Aug 4, 2012 8:36:37 AM

Has anyone else noticed that the highest prices, or red areas, in the central US states, matches closely the location of Speedway / Super America gas stations?

Whats up with that? !!
BEGTWO
Champion Author Maryland

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Message Posted: Aug 4, 2012 5:42:54 AM

OH...NO
tomok
Champion Author Portland

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Message Posted: Aug 4, 2012 4:45:55 AM

Why prices are soaring at the pump? Because they can and Big Oil can get away with it.
The trend is always up with fuel prices. The price at the pump needs to go down to $2/gallon, $3 to $3.50/gallon is Not the new low!
Barry's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, without a job how can you afford to buy fuel and the vehicle to use it! Barry can spin the jobs numbers so they look much better than what they really are, he's a smooooth talker if there ever was one!
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost.
The price of fuel at the pump is too high!
12/22/2012
KhelbenArunson
Champion Author Michigan

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Joined:Apr 2008
Message Posted: Aug 3, 2012 11:39:56 PM

Why? because the scum bags that run big oil have a monopoly that george bush deregulated so that they could run wild and help destroy the entire countries economy.
J4romeo
All-Star Author Gary

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Points:1,235,530
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Message Posted: Aug 3, 2012 11:32:18 PM

prices shot up from mon to thurs 3.45 to 3.97...:(
Blue48
Champion Author Illinois

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Message Posted: Aug 3, 2012 11:30:51 PM

BUMMER!
rahcat
Champion Author Grand Rapids

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Message Posted: Aug 3, 2012 11:23:02 PM

Sigh..........
aggietim
Champion Author Fort Worth

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Message Posted: Aug 3, 2012 11:15:25 PM

greed
jetskijerry
Champion Author North Carolina

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Message Posted: Aug 3, 2012 11:14:31 PM

They pulled it out on purpose...
humblepie
Champion Author Toledo

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Message Posted: Aug 3, 2012 11:10:40 PM

wholesalers
big_mac64
Champion Author Tennessee

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Message Posted: Aug 3, 2012 11:10:37 PM

read this yesterday...slow day for news I guess, although with oil shooting up over $4/bbl, you'd think there would be an article on that. Hmmm, maybe tomorrow, cuz I haven't seen the story anywhere as yet!
scrounger
Champion Author Vancouver

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Message Posted: Aug 3, 2012 11:09:25 PM

GREED
Marson
Champion Author Scranton

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Message Posted: Aug 3, 2012 11:08:30 PM

Pure Greed!
regasaz
Champion Author Phoenix

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Message Posted: Aug 3, 2012 11:08:05 PM

Bend over, here it come again...........BOHICA
LanguageMan1
Champion Author Tampa

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Message Posted: Aug 3, 2012 11:07:22 PM

We've had increases here and we'll all see more of them.
Dodge_Me
Champion Author Atlanta

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Message Posted: Aug 3, 2012 11:07:21 PM

Greed, we're all victims
langolera
Champion Author Akron

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Message Posted: Aug 3, 2012 11:05:21 PM

come on. when has there not been a problem??? me thinks most of them are made up!!!
heysailor
Champion Author Pittsburgh

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Message Posted: Aug 3, 2012 11:02:23 PM

Prices skyrocketing here.
Jmac2008
Champion Author Missouri

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Message Posted: Aug 3, 2012 11:01:24 PM

it is supply and demand and the oil companies keep the supply tight to drive the price up and their profits up even further.
crashintuc34
Champion Author Tucson

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Message Posted: Aug 3, 2012 11:00:47 PM

Anything to screw us.
frostyWV
Champion Author West Virginia

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Message Posted: Aug 3, 2012 11:00:22 PM

always an excuse.
HypermilinJeff
Rookie Author Dallas

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Message Posted: Aug 3, 2012 10:56:58 PM

Why is crude about $90 a barrel and we are still paying over $3.50+ a gallon?
Tekkersmom57
Champion Author Syracuse

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Joined:May 2010
Message Posted: Aug 3, 2012 10:53:08 PM

50 cent increase is just too much in one day. Most of these gas stations already have the gas paid for that is stored underground. This price jump should not happen immediately. It is just a nice way for some people to make a great profit at the consumers expense.
tco9436
Champion Author Connecticut

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Message Posted: Aug 3, 2012 10:51:43 PM

HELP!!!!!!!!!!!!!!!!!!!
10k
Champion Author North Carolina

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Message Posted: Aug 3, 2012 10:50:33 PM

pure greed..gas stores in this area are raising prices twice daily now-total BS..
suzmar
Champion Author Texas

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Message Posted: Aug 3, 2012 10:49:51 PM

Build more pipelines. If you can't get cheap gasoline, put the blame where it belongs on environmental interest groups and the EPA.
iceman11
Champion Author Ontario

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Message Posted: Aug 3, 2012 10:40:25 PM

there is no shortage just greed
TornadoRed
Champion Author Minnesota

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Message Posted: Aug 3, 2012 10:39:46 PM

I can't help but be amazed at the colossal ignorance and stupidity of so many GasBuddy members. It's depressing, since there's a good chance that many of you morons are registered to vote.

I fear for the future of our country.
knot2swift
Champion Author Calgary

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Message Posted: Aug 3, 2012 10:39:31 PM

Well, the latest theory is oil will be at $100 by years end thanks to a nice jobs report this month.

Of course oil companies are pricing that in ahead of time.
bonzoonfmb
Champion Author Florida

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Message Posted: Aug 3, 2012 10:39:25 PM

Gas prices are too high. There is no shortage.
serrog
Champion Author Nova Scotia

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Message Posted: Aug 3, 2012 10:35:01 PM

greed
SavALot
Champion Author Virginia Beach

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Message Posted: Aug 3, 2012 10:33:17 PM

Nothing good about this at all
1Casey
Champion Author Albany

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Message Posted: Aug 3, 2012 10:30:20 PM

greed
firedudette
Champion Author St. Louis

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Message Posted: Aug 3, 2012 10:27:27 PM

ok
blk911
Champion Author Colorado Springs

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Message Posted: Aug 3, 2012 10:26:07 PM

$3.28 here.
bobdec
Champion Author Miami

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Message Posted: Aug 3, 2012 10:26:07 PM

Tje Marxist in the White house
Runninmt61
Rookie Author Champaign

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Joined:Jun 2012
Message Posted: Aug 3, 2012 10:24:56 PM

It isn't planned RIGHT!! Funny how at one time or another it works its way around the entire country!!!
altima2008
Champion Author Philadelphia

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Message Posted: Aug 3, 2012 10:24:30 PM

Greed from nobama and company.
abcdMA
Champion Author Worcester

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Message Posted: Aug 3, 2012 10:20:11 PM

always a reason---man made or real is the question
jward069
Sophomore Author Mississippi

Posts:176
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Joined:Aug 2008
Message Posted: Aug 3, 2012 10:19:02 PM

Ms. has had a $.35 increase in the past month, but the National average is only up $.20. I don't believe this Midwest problem would be affecting us.
CarSalesmanPA
Champion Author Reading

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Message Posted: Aug 3, 2012 10:17:47 PM

Any excuse to raise prices...
Chas58
Champion Author Detroit

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Message Posted: Aug 3, 2012 10:16:15 PM

OK
jjjleblanc
Champion Author Rochester

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Message Posted: Aug 3, 2012 10:16:11 PM

Doesn't take much.
Vette1967
Champion Author Albany

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Message Posted: Aug 3, 2012 10:15:52 PM

Got to think about using less.
robaloma
Champion Author Houston

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Message Posted: Aug 3, 2012 10:14:31 PM

ok
darkknight1
Champion Author Winston-Salem

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Message Posted: Aug 3, 2012 10:12:20 PM

ridiculous
carpenter4u
Champion Author Virginia

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Message Posted: Aug 3, 2012 10:12:17 PM

need more refineries and drill more
GoneUpAgain
Champion Author Atlanta

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Joined:May 2004
Message Posted: Aug 3, 2012 10:11:11 PM

Price gouging at its finest.

Sillywagon, no economics explains a fifty-cent rise in one day.

[Edited by: GoneUpAgain at 8/3/2012 11:12:34 PM EST]
sillywagon
Champion Author New York

Posts:20,685
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Message Posted: Aug 3, 2012 10:10:52 PM

I am amazed at fellow posters ignorance of economics. Everything is greed to them if they "need" it and it is more than they want to pay. Many posters would be in favor of price controls on gasoline prices, but then would gripe and moan about "greed" because they have to wait in a line for an hour at the gas station to buy five gallons of gas. We import half the crude oil we use, don't forget that. And as for the free market working? How much cost do gas stations, refineries, pipelines, oil drillers, have to spend on taxes and regulations? How much of that cost yields little benefits? I believe that limits competition, and competition will lower prices.

[Edited by: sillywagon at 8/3/2012 11:11:59 PM EST]
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