Gas prices rise 20-30 cents per gal.

[coobie]

The absolute best here in the SF Bay Area was $1.99 a few weeks back... today, I saw 87 at $2.59

Diesel is all over the place... $2.29 to $2.89

YIKES.

 

[murphy1244]

YIKES.

Be in the neighborhood near you soon... Here its 1.999

 

[Gary Fowler]

Thanks for reporting prices in price per volume!


That "cheaper Alberta Oil" is designed for EXPORT.
from How would the Keystone pipeline affect U.S. gas prices? - CBS News


Sort of like building a road across YOUR land so a neighbor could sell his stuff cheaper to YOUR customers.

Take that argument to Politics.

Canada doesn't need to run the Keystone pipeline in order to sell the oil overseas. China wants it all and all they (Canada) need to do is pipeline it to Victoria Canada which is much closer by the way, and ship it out from there. I think that whole report was BS by those not wanting the pipeline to deliver oil to the USA thereby letting the existing oil companies control the prices. I can see how getting more oil available on the USA market is going to drive prices UP, it just violates all the principles of supply and demand for it to do that.

 

[newbury]

Canada doesn't need to run the Keystone pipeline in order to sell the oil overseas. China wants it all and all they (Canada) need to do is pipeline it to Victoria Canada which is much closer by the way, and ship it out from there. I think that whole report was BS by those not wanting the pipeline to deliver oil to the USA thereby letting the existing oil companies control the prices. I can see how getting more oil available on the USA market is going to drive prices UP, it just violates all the principles of supply and demand for it to do that.

The oil was going to be cheaper to route south because they did not have to pump it over a non-existent pipeline in the Rockies. The Keystone was never designed to deliver oil to the US market, just to the ports and then export, primarily to China.

Apparently not enough people foresaw the advancements in fracking and the resulting surplus of US oil. And everyone knew Iran was not going to be able to export oil, whoops.

OPEC and others are desperately trying to get the prices back up. The breakeven costs for oil production are way over $40/barrel for most of the world. The tar sands of Alberta are not like the fracking in the US.

The tar sands require a lot more startup and maintenance than the fracking and can't just be put on hold as easily.

But regardless this should be in politics.

 

[coobie]

Be in the neighborhood near you soon... Here its 1.999

I hear that loud and clear,maybe by memorial day.

 

[kc5dlo]

I have noticed a local chain seemed to always be the first to raise prices and 15 to 30 cents at a time. Within a few hours the stations around would do the same thing. One of these stores is near my work and sometimes the chain store across the street does not change there price and by the next day they are both at the same price again.

I get that prices will go up as soon as the price of oil goes up. But this one chain has been running the price up 15 to 30 cents when the news is reports falling oil prices too. After the price jumps up, they slowly lower the price back by a penny or two every day or two and then another drastic increase. I have noticed that even when there was a 30 cent different price between the 2 large stations by work, surprisingly there did not seem to be a difference in the amount of people buying gas at each store. I wont drive across town or significantly out of my way for cheaper gas, but I certainly will go across the street or highway if there is a big difference in price.

 

[wawajake]

The oil was going to be cheaper to route south because they did not have to pump it over a non-existent pipeline in the Rockies. The Keystone was never designed to deliver oil to the US market, just to the ports and then export, primarily to China.

Apparently not enough people foresaw the advancements in fracking and the resulting surplus of US oil. And everyone knew Iran was not going to be able to export oil, whoops.

OPEC and others are desperately trying to get the prices back up. The breakeven costs for oil production are way over $40/barrel for most of the world. The tar sands of Alberta are not like the fracking in the US.

The tar sands require a lot more startup and maintenance than the fracking and can't just be put on hold as easily.

But regardless this should be in politics.

You are very gullible if you think Alberta companies (many USA owned) would send their bitumen a couple thousand miles south then , west and north to China, when they could send it by rail 500 miles or use existing Canadian pipelines west to our many pacific ports........... to get to china. But that's politics eh !...and very short sighted if one thinks fracking is long term solution to USA needs and impact on gas prices.

 

[wawajake]

Sort of like building a road across YOUR land so a neighbor could sell his stuff cheaper to YOUR customers.

Take that argument to Politics.

Your forgetting you are the customer (for the gas in your car) and your oil companies prefer they keep the excuse that their bitumen is high cost , so they can keep your gas prices up. So maybe better analogy is like Sears telling Walmart they should not be allowed to set up shop in the Mall beside them and Sears telling you the customer, that they are doing it for your own good.