Got Gas? U.S. Economy to Worsen as Gas Prices Skyrocket

[dmcowen674]

7-15-2012

http://news.yahoo.com/u-air-force-tests-biofuel-59-per-gallon-050646502.html

U.S. Air Force tests biofuel at $59 per gallon


The U.S. Navy angered Republicans by spending $26 a gallon for biofuels for this week's Great Green Fleet demonstration, but the Air Force received little attention when it paid twice as much per gallon to test synthetic jet fuel last month.

The Air Force bought 11,000 gallons of alcohol-to-jet fuel from Gevo Inc, a Colorado biofuels company, at $59 a gallon

The cost of the Air Force demonstration - $639,000 - was far less eye-catching than the $12 million the Navy spent for biofuels to power a carrier strike group on alternative energy for a day.


But it was part of the same Pentagon push, which has escalated under the administration of President Barack Obama, to adopt green solutions to rising fuel costs.

Some Republican lawmakers have criticized the high price-per-gallon paid by the Navy as wasteful Pentagon spending at a time of significant budget cuts and a shrinking fleet.


They have also blasted Obama for making green energy a cornerstone of his agenda, with federal funds flowing to alternative energy companies that may not make economic sense, as in the case of bankrupt solar-panel maker Solyndra.

Republicans upset over Navy spending on biofuels are backing legislation that could bar the Pentagon from contracting for fuels that are more expensive than traditional petroleum

 

[Londo_Jowo]

7-15-2012

http://news.yahoo.com/u-air-force-tests-biofuel-59-per-gallon-050646502.html

U.S. Air Force tests biofuel at $59 per gallon


The U.S. Navy angered Republicans by spending $26 a gallon for biofuels for this week's Great Green Fleet demonstration, but the Air Force received little attention when it paid twice as much per gallon to test synthetic jet fuel last month.

The Air Force bought 11,000 gallons of alcohol-to-jet fuel from Gevo Inc, a Colorado biofuels company, at $59 a gallon

The cost of the Air Force demonstration - $639,000 - was far less eye-catching than the $12 million the Navy spent for biofuels to power a carrier strike group on alternative energy for a day.


But it was part of the same Pentagon push, which has escalated under the administration of President Barack Obama, to adopt green solutions to rising fuel costs.

Some Republican lawmakers have criticized the high price-per-gallon paid by the Navy as wasteful Pentagon spending at a time of significant budget cuts and a shrinking fleet.


They have also blasted Obama for making green energy a cornerstone of his agenda, with federal funds flowing to alternative energy companies that may not make economic sense, as in the case of bankrupt solar-panel maker Solyndra.

Republicans upset over Navy spending on biofuels are backing legislation that could bar the Pentagon from contracting for fuels that are more expensive than traditional petroleum

What does this have to do with gas prices?

 

[dmcowen674]

Gas jumped 20 cents today in suburbs of Chicago to ~$3.79

Looks like by labor day will be well over $4 heading back to $5 here again.

Oil is now over $90 once again as well climbing quickly to $100+

The oil thugs and their supporters on here must be rejoicing.

7-16-2012

http://finance.yahoo.com/news/why-g...RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3


Why Gas Prices Are Heading Back Up



Gasoline futures settled in New York at the highest price in nearly two months, surging over 20 cents in July alone.

August RBOB (New York Mercantile Exchange: RBCV1) gasoline futures gained nearly 1.5 percent and closed above $2.85 a gallon on Monday, mirroring the climb in oil prices as the U.S. dollar weakened and tensions rose in the Middle East.

While a few areas in the Southeast have sub-$3.00 gas, along the East and West Coasts prices are well over $3.50 a gallon.

 

[Londo_Jowo]

Outstanding!!!!!

 

[Charles Kozierok]

While a few areas in the Southeast have sub-$3.00 gas, along the East and West Coasts prices are well over $3.50 a gallon.

Another falsehood. You seem to be the absolute master of this board at simply pulling false statistics and bogus claims out of your ass and portraying them as facts.

I drove from Vermont to Washington DC and back over the weekend. Approximate gas prices I saw:

Vermont -- about $3.40
New York State -- about $3.55, except for one rip-off station on the NYS Thruway that was $3.80. The next station north was only $3.53.
New Jersey -- around $3.25
PA -- $3.40 or so.
Maryland -- around $3.40
Washington DC -- roughly $3.45 even downtown.

 

[EagleKeeper]

Premium is his baseline, not regular :hmm:

 

[Pr0d1gy]

It would be great if people stopped bumping this stupid fucking useless thread.

Thank you, come again.

 

[dmcowen674]

Originally Posted by dmcowen674
While a few areas in the Southeast have sub-$3.00 gas, along the East and West Coasts prices are well over $3.50 a gallon.

Another falsehood. You seem to be the absolute master of this board at simply pulling false statistics and bogus claims out of your ass and portraying them as facts.

I drove from Vermont to Washington DC and back over the weekend. Approximate gas prices I saw:

Vermont -- about $3.40
New York State -- about $3.55, except for one rip-off station on the NYS Thruway that was $3.80. The next station north was only $3.53.
New Jersey -- around $3.25
PA -- $3.40 or so.
Maryland -- around $3.40
Washington DC -- roughly $3.45 even downtown.

Hey ass wipe, you are quoting the article, not me.

You have an issue with the Journalist that wrote it write him.

I would expect an apology from a real man but that won't happen here.

 

[Londo_Jowo]

Originally Posted by dmcowen674
While a few areas in the Southeast have sub-$3.00 gas, along the East and West Coasts prices are well over $3.50 a gallon.



Hey ass wipe, you are quoting the article, not me.

You have an issue with the Journalist that wrote it write him.

I would expect an apology from a real man but that won't happen here.

Whatever you're quoting someone you should use the quote tags so others know what comments are yours and not someone else.

Like so

LMAO @ expecting an apology after insulting the person

 

[Charles Kozierok]

Hey ass wipe, you are quoting the article, not me.

You're right. My mistake, and I apologize for the misattribution and also my surly tone.

In the future, could you please make more clear what you are saying and what you are quoting? Your posts are confusing.

 

[dmcowen674]

You're right. My mistake, and I apologize for the misattribution and also my surly tone.

In the future, could you please make more clear what you are saying and what you are quoting? Your posts are confusing.

Wow, I am truly shocked.

My posts are all alike:

My comment to an article

Date of article

Then backed up with link to article and excerpt from said article I am commenting on.

 

[dmcowen674]

Oil approaching $100 fast fast

7-17-2012

http://finance.yahoo.com/q;_ylt=AsG...NhdANob21lBHB0A3NlY3Rpb25z;_ylv=3?s=clf13.nym

Crude Oil Jan 13 (CLF13.NYM)

-NY Mercantile

93.25

2.72(3.00%) 5:07PM EDT





Stations downtown Chicago well over $4 now

http://www.chicagogasprices.com/


These below are at $4.19

Price Station Area Thanks update CITGO 1004 S Desplaines St & Taylor St (Dan Ryan Expy)


Chicago - Central DangerFed

5 hours ago
update Marathon 1121 S Jefferson St & Grenshaw St


Chicago - Central DangerFed

5 hours ago
update Mobil 3159 W Chicago Ave & Kedzie Ave


Chicago - West johninchicago

21 hours ago

Last night stations here in Elgin area were at $3.79, will see what they jumped to tonight after the big 3% spike in Oil today.

 

[Doppel]

Wow, I am truly shocked.

My posts are all alike:

My comment to an article

Date of article

Then backed up with link to article and excerpt from said article I am commenting on.

Sometimes that's how your posts are, but most of the time they are simply bullsh*t. Everyone knows this.

 

[werepossum]

7-15-2012

http://news.yahoo.com/u-air-force-tests-biofuel-59-per-gallon-050646502.html

U.S. Air Force tests biofuel at $59 per gallon


The U.S. Navy angered Republicans by spending $26 a gallon for biofuels for this week's Great Green Fleet demonstration, but the Air Force received little attention when it paid twice as much per gallon to test synthetic jet fuel last month.

The Air Force bought 11,000 gallons of alcohol-to-jet fuel from Gevo Inc, a Colorado biofuels company, at $59 a gallon

The cost of the Air Force demonstration - $639,000 - was far less eye-catching than the $12 million the Navy spent for biofuels to power a carrier strike group on alternative energy for a day.


But it was part of the same Pentagon push, which has escalated under the administration of President Barack Obama, to adopt green solutions to rising fuel costs.

Some Republican lawmakers have criticized the high price-per-gallon paid by the Navy as wasteful Pentagon spending at a time of significant budget cuts and a shrinking fleet.


They have also blasted Obama for making green energy a cornerstone of his agenda, with federal funds flowing to alternative energy companies that may not make economic sense, as in the case of bankrupt solar-panel maker Solyndra.

Republicans upset over Navy spending on biofuels are backing legislation that could bar the Pentagon from contracting for fuels that are more expensive than traditional petroleum

I can see some value in both these stunts. If heaven forbid we ever got into another world war, we'd be cut off from much of our imports and possibly from Alaska as well, so even though I don't want to see these horrendously expensive "green" solutions adopted, it's good to have a bit of experience with them just in case. Better by far to have and not need than to need and not have.

 

[dmcowen674]

7-19-2012

http://finance.yahoo.com/news/could...RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

Could Oil Really Spike to $200 by August?



Beau Taylor of Taylor Woods Capital at CNBC's Delivering Alpha conference

as well as other oil bulls point to rapid developments in the Mideast region which include:



1) the killing of top Syrian security chiefs on Wednesday, and



2) the attack on Israeli tourists in Bulgaria, which Israel accused Iran of carrying out.

Considering the Middle East is the source of more than a quarter of the world's oil, should tensions escalate to the point where Iran blocks the Strait of Hormuz and prevents oil from getting to market - they say oil could hit $200

 

[WhipperSnapper]

It would be great if people stopped bumping this stupid fucking useless thread.

The original subject of the thread itself has merit.

$200/barrel by August 2012? Not going to happen.

 

[Doppel]

The original subject of the thread itself has merit.

$200/barrel by August 2012? Not going to happen.

Yeah, absolutely note.

 

[dmcowen674]

7-19-2012

http://finance.yahoo.com/news/news-summary-corn-soybean-prices-194606841.html

Corn, soybean prices hit record high



Corn and soybean prices hit all-time highs. There has been extensive damage to the crops caused by merciless summer heat. Both crops are deteriorating and there is little to no rain in sight.


MIDEAST-OIL: Oil prices climbed as tensions rose in the Middle East.



Iran may try to block oil shipments through a crucial waterway for oil shipments.

 

[dmcowen674]

7-20-2012

http://finance.yahoo.com/news/texas-retail-gasoline-prices-6-150857447.html

Texas retail gasoline prices up 6 cents this week



AAA Texas on Thursday reported the average price at the pump has risen to $3.29 per gallon.



The nationwide average price for gasoline also went up 6 cents this week, to reach $3.44 per gallon.


The association says the most expensive gasoline in Texas is in Fort Worth, at an average $3.39 per gallon.



Corpus Christi has the cheapest gasoline this week, at $3.16 per gallon.


AAA Texas says current average prices statewide are still 30 cents lower than a year ago.



The also association says retail gasoline prices have gone up the past few weeks due to better than expected global economic news.

 

[dmcowen674]

About time Texans get a price hike

 

[Londo_Jowo]

About time Texans get a price hike

We're happy that you'll get a higher price hike, who knows maybe Illinois and Chicago will raise their gas taxes as well.

 

[chucky2]

We're happy that you'll get a higher price hike, who knows maybe Illinois and Chicago will raise their gas taxes as well.

There is no maybe. IL and Chi are past broke, and will be doing everything they can legally do to cover near current and especially mid to long term debt obligations. Increasing taxes will absolutely be a part of this, and since almost everyone drives, a small raise in taxes will bring in the needed revenue.

Other than trying to make himself look good, there is a reason Rahm is making sure to be in the news every chance he gets talking up future revenue generators...

Chuck

 

[Doppel]

7-19-2012

http://finance.yahoo.com/news/news-summary-corn-soybean-prices-194606841.html

Corn, soybean prices hit record high



Corn and soybean prices hit all-time highs. There has been extensive damage to the crops caused by merciless summer heat. Both crops are deteriorating and there is little to no rain in sight.


MIDEAST-OIL: Oil prices climbed as tensions rose in the Middle East.



Iran may try to block oil shipments through a crucial waterway for oil shipments.

The fvck does a draught have to do with oil? Get back on your meds, you know doc gets mad when you skip them.

 

[dmcowen674]

The fvck does a draught have to do with oil?

Get back on your meds, you know doc gets mad when you skip them.

You are the one on drugs.

Ethanol from corn is mandated in our gasoline.

The crop was largely destroyed, Ethanol prices are sky rocketing along with everything.

The only ones to survive this come spring will be the rich.

The poor will be in full revolt.

 

[dmcowen674]

Originally Posted by dmcowen674
7-19-2012

http://finance.yahoo.com/news/news-s...194606841.html

Corn, soybean prices hit record high



Corn and soybean prices hit all-time highs. There has been extensive damage to the crops caused by merciless summer heat. Both crops are deteriorating and there is little to no rain in sight.


MIDEAST-OIL: Oil prices climbed as tensions rose in the Middle East.



Iran may try to block oil shipments through a crucial waterway for oil shipments.

The fvck does a draught have to do with oil? Get back on your meds, you know doc gets mad when you skip them.

More schooling the uneducated

The amazing part is the Oil/Gas/Ethanol Corn Thugs admit they still have an oversupply of oil, an over supply of gasoline and an over supply of ethanol yet they still use every excuse such as the drought to raise prices.

Of course the Thug supporters in here approve of this I'm sure because they personally profit at the expense of hard working Americans.


7-21-2012

http://www.sfgate.com/business/article/Drought-sends-gas-prices-higher-3721183.php

Drought sends gas prices higher



In this July 16, 2012 photo, Rodney Byars, center, walks ahead of his brother, Rich, through a field of dead and stalled corn in Geff, Ill. Over 50 percent of the U.S. is in drought and in the southern part of Illinois they have endured extreme heat and very little rain for more than two months. (AP Photo/Robert Ray) Photo: Robert Ray, Associated Press / SF



The severe drought killing crops across much of the United States won't just hurt Americans at the grocery store. It will hit them at the gas pump as well.


Although few drivers realize it, 10 percent of every gallon of gasoline they buy in California is ethanol. Most of it is made in the Midwest, where plants distill the fuel from corn.


The corn fields that blanket much of the region are withering this summer, devastated by a combination of high temperatures and sparse rain. Corn prices have jumped as a result, climbing 54 percent since mid-June. And they're taking ethanol along for the ride.

"We've seen a significant spike in prices, and it's pretty much all drought-related," said Rick Kment, a biofuels analyst for the Telvent DTN business information service.


Ethanol futures traded on the Chicago Board of Trade have soared 23 percent this year, reaching $2.72 per gallon. Anything above $2.50 is considered rare.

In recent years, plants that make ethanol have been churning out more of the fuel than the country uses, and they have increasingly relied on exports to bolster profits. Despite the drought, America still has an oversupply of ethanol, analysts say. The drought could cut supplies later in the year, but it hasn't done so yet.

Still, ethanol producers find themselves in a tight bind. They have to raise prices to cover the increased cost of corn. But the surplus of ethanol on the market keeps them from charging as much as they'd like.