Author Topic: Local gas prices spike in wake of Middle East unrest  (Read 10940 times)

Offline dep190

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Re: Local gas prices spike in wake of Middle East unrest
« Reply #30 on: February 27, 2011, 06:53:23 AM »
 
Just some updated information!
 Gas prices surge 17 cents in a week



http://money.cnn.com/2011/02/26/news/economy/gas_prices/index.htm?hpt=T1

Offline Nicodemus

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OldManSchmidt

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Re: Local gas prices spike in wake of Middle East unrest
« Reply #32 on: March 06, 2011, 06:00:06 PM »
$5+ dollars a gallon?  That's just plain gouging.

Offline Fyrekat

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Re: Local gas prices spike in wake of Middle East unrest
« Reply #33 on: March 06, 2011, 06:00:25 PM »
I live in a typically cheaper region, but prices have gone from $2.69 to $3.23 in just a month or two.  I've gone from $24 / week (no I don't drive much I know), to nearly $40.  This is going to hurt more and more and there's very little that we can do about it.

Offline Darkwinter

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Re: Local gas prices spike in wake of Middle East unrest
« Reply #34 on: March 06, 2011, 07:39:27 PM »
Historically prices will relax in the next 3-8 weeks, once the weather begins to break and spring approaches.

With the conflict in the middle east and more and more protests being planned in various nations, that may hold prices artificially high.

We will have to wait and see. 

Offline Crash

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Re: Local gas prices spike in wake of Middle East unrest
« Reply #35 on: March 08, 2011, 10:04:18 PM »
I got news that there is no shortage and it's the oil companies and speculators driving the price up. Libya is not one of the U.S.'s main suppliers of gas, and only 3 percent of its exports go toward the U.S. so it's not doing much to make the prices soar. It's a case of oil corporations being opportunistic and greedy.

http://www.ubspectrum.com/opinion/fear-and-gouging-are-responsible-for-gas-prices-1.2083446