Gas Prices

June 30th, 2012 at 11:36 am by under Bill's Blog, News, Weather

   The latest from Ed: “Saturday, June 30, 2012, 8:30AM:  Yesterday, due to some relief among speculators about financial events in Europe (which may be short-lived), and I suspect some Federal Reserve goosing of the markets, stocks soared.  Of course, that means oil and gas wholesale prices soared, too.  A barrel of oil cost almost 10% more by the end of the day versus the end of the day Tuesday, and Chicago wholesale prices jumped 18 cents.  Dropping retail prices plus soaring wholesale prices equals a price hike coming Monday.”

69 Responses to “Gas Prices”

  1. SlimJim NW GR (1) says:

    Just in time for the 4th of July!!!
    SlimJim

    1. SBPortage002 says:

      Yeah you knew they were going to go up. Big shocker there.

  2. Glad I filled up today, will have to top it back off Sunday night. If they want to see the stock market really soar and the economy bounce back then keep lowering the prices and then keep them low. Gas prices have a tremendous effect on the economy.

  3. I wish these gas prices would go down when I actually have the money to buy gas. They always seem to increase when I can buy it, but go down after I can’t afford it. It’s like they hate me. Lol.

    1. Herb (SE Muskegon) says:

      Same way here.

    2. Jack says:

      +11111111111111111111111111

  4. fixxxer says:

    there’s never been a valid reason for us to be over $3 a gallon.

    1. michael g (SE GR) says:

      What difference does it make to you? Takes no gas to sit in your house and complain all day long.

      1. fixxxer says:

        lol go screw yourself mike, you have no idea what i do in my life. does your butt hurt because im usually right about the weather?

    2. Shouldn’t have ever gone above $2.00 realistically. But you know, oil wars and stuff will do that once the oil gets into the hands of people in the stock market.

      1. boman says:

        Even if he DID work it wouldnt take gas to walk from his apartment complex to the janitors garage.

  5. Judi says:

    Why am I not surprised? It’s all about extortion from the taxpayers and the oil companies and the market speculators looking for an excuse to boost prices.

    1. michael g (SE GR) says:

      Wow Judi, that sounds really knowledgeable, can you elaborate further please?

      1. Kimoeagle says:

        Michael,
        Your sarcasm falls short of honest criticism. I suggest that you know full well what she is referring to — and, frankly, she’s not far away from the mark. Fuel brokers are a major influence in retail market prices, and their (emotional) fears and misgivings translate to high prices.
        IMHO, an increased supply of domestic (USA) oil would help to assuage these nervous gentlemen, and bring stability to a wild and weird marketplace.
        Is this an adequate elaboration? If not, you could try one of many search engines out there. ;-)

        1. Andy says:

          It’s pretty sad though, because we export a lot of our domestic oil to keep the gas prices high!

  6. Travis (Oxford, MI) says:

    Gas prices actually fell 10 cents here overnight down to 3.35, but, with oil rising 10% on Friday’s big rally, it’s only a matter of time before they go back up.

  7. Jack says:

    Cue: Pink Floyd …MONEY…….$$$$$$$$$$$$$$$$$

  8. Jack says:

    I had pork n beans and hotdogs for lunch …Wish I could harness the Gas it has produced in me.

    1. Dan says:

      Hilarious post, Jack! Untapped resource here!

  9. Travis (Oxford, MI) says:

    And Ed’s post doesn’t make much sense. If you blame speculation for Friday’s big rally, then you should also blame speculation for oil dropping like a rock for two weeks straight before that (and helping gas prices fall).

    Oil’s still down -18% in 2012, and now we’re back to the same levels we were at on June 20th. Also, Friday’s move had nothing to do with the US Federal Reserve “goosing of the markets.” It was all about Germany finally giving in and committing to provide larger amounts of financial assistance to fellow troubled Eurozone countries. A pretty big positive sign for the markets.

    Cue the conspiracy nuts.

    1. Brad says:

      Yes, speculation was responsible for the quick drop in oil prices, too, as has been reported incessantly.

  10. Jack says:

    The only conspiracy is The Rich keep Getting Richer..and ..The Poor keep Getting Poorer ,!,,,,! Amen !!

    1. bobcat says:

      Actually, that is way far from a fact.

  11. ptmartin12 says:

    Americas number 1 export?? OIL!

  12. Dan says:

    We are heading into full swing election season. Say what you want but, this has to do with the price of a gallon of gas. Still not justifiable for a gallon gas to be over $2.00!

    1. Jack says:

      Hey Dan , Where is Jed Clampett….When We Need Him……..( Beverly Hills ?):)

  13. Ned S. (Now in South Holland) says:

    Actually, I think $.50 per gallon is a fair price. Wishful thinking eh?

    1. Jack says:

      Ned S. I remember paying .25 cents a Gallon.

      1. Kimoeagle says:

        Unfortunately, so do I. That was when cigarettes were $.25/pack, and a 3-bedroom brick home w/basement and screened Florida room was $30,000.And, Cokes and Pepsi were still a nickel, along with a bag of potato chips. Sometimes, having a good memory can be a curse! :-/

    2. Brad says:

      Here’s to $5/gallon, the sooner the better.

        1. Brad says:

          It’s time to stop pretending and start adapting.

        2. Bill Steffen says:

          It’s part of their plan to burden the middle class, the elderly, those on fixed income, minorities and children: This is an exact quote from Secretary of Energy, Steven Chu: “Somehow we have to figure out how to boost the price of gasoline to the levels in Europe,” (article here: http://sec.online.wsj.com/article/SB122904040307499791.html). It’s not just the price of gas…they want your utility rates to “skyrocket”: http://www.youtube.com/watch?v=CNSZ62xiD4M It would be a terrible burden on so many people. Of course, rich guys who retired early with defined pensions don’t care about those folks.

        3. Brad says:

          LOL…”rich” guys on pensions. Priceless! Bill, did the Heritage Foundation get on you about amping up your political diatribes? We know they fund the blog.

        4. Bill Steffen says:

          HA! Don’t I wish somebody funded the blog. But if they did, they’d thank you for hanging out here for hours on end and ramping up my hit count. Folks, do check out the links in my comment above. They’re real as can be and they show the true goal these people have of forcing economic hardship on the lower and middle class.

        5. Brad says:

          Bill playing the part of the carnival barker…step right up, folks! Be sure to read MY links above. Ignore the man who uses “higher order thinking skills” http://takingnote.blogs.nytimes.com/2012/06/29/no-comment-necessary-texas-gops-2012-platform-opposes-teaching-critical-thinking-skills/ that challenge your fixed beliefs!

        6. Bill Steffen says:

          Folks, just read my 11:39 PM comment above. Check the links and hear from the real scientists who used to be alarmist and are now rejecting alarmism and the “solution” of forcing much higher gasoline prices and utility costs on the poor and middle class.

        7. Brad says:

          Or read the scientific literature…if you can. Bill, why are you responding to my posts by calling on your “folks?”

        8. bobcat says:

          YOU can’t even read the scientific facts, Brad!!! LMAO! No wonder you can’t find real work.

        9. Bill Steffen says:

          Brad – most people don’t come here to bicker with political arguments. They come to read the threads. You’re too closed-minded to change, but there may be a few who are interested and I wanted them to make sure they read my 11:39 PM comment. It spells out their “plan” in their own words. Brad wants $6 or $7 gas today. He said that right on the Lake Levels thread. He agrees with big oil about trying to get the price up at the pump. Most of you would prefer more reasonable gasoline and energy prices. I just want to make sure you know what these people want to do to the middle class…to YOU. You all know what $7 gas would do to our economy right now. I’m sure most of you would agree that would not be a desirable outcome. The “brads” of the world need to be exposed for who they are. They need to be marginalized and defeated. $7 a gallon gas, wasting the money on Solydras, is not progress.

        10. Rumrunner says:

          So, reading the article, Chu says that over the next decade and a half it would be good to raise taxes, and the President says, no thats a dumb idea. I guess that is a solid piece of evidence. Thanks Bill.

        11. Rumrunner says:

          Im also a bit saddened by the way you resort to sound bite politics. Bush #1 was the first to bring up Cap and tradeas a market-based solution to solving environmental problems. Clean Air act if I remember.

          You are arguing with 3 year old sound bites, against a pretty much defunct agenda, that the conservatives started years ago.

        12. Bill Steffen says:

          The President picked Chu as Energy Secretary. Side Note: My brother-in-law, the research scientist at the Oak Ridge Lab has done a couple projects with Chu…said he didn’t come off as fringe as he seems to be now. The Clean Air Act goes back to the 1960s – Nixon had a hand in the Clean Air Act/EPA creation. I certainly don’t see conservatives and the majority of liberals arguing for $9 gasoline and skyrocketing energy costs. Explain why that wouldn’t drag the economy into a depression/recession. So, much of the money is wasted…Solyndra is just the biggest, but there have been way too many green energy sector boondoggles. People should be given a choice.

  14. Jack says:

    Brad : Adapting to What ??

    1. Brad says:

      The end of peak oil, of course.

      1. Jack says:

        Your logic has peaked…..now it’s ….Crashing and Burning…Brad.

        1. Brad says:

          Jack, care to share your argument?

      2. Bill Steffen says:

        They’ve forecast the “end of peak oil” for decades and we have more reserves today than we did 40 years ago. It’s wishful thinking by a group that wants to see your gasoline prices “at European levels” as our Secretary of Energy, Steven Chu has said…and people who want your utility bills to “skyrocket”: http://www.youtube.com/watch?v=CNSZ62xiD4M They support policies that hurt the little people…the middle class, the elderly, minorities. Most of these people are wealthy and don’t care about the rest of us.

        1. Jack says:

          Amen Bill !!

        2. Brad says:

          LOL. Jack the scientist.

        3. Bill Steffen says:

          Brad the Climatologist?

        4. Brad says:

          Nope. Bill the climatologist?

        5. Bill Steffen says:

          You don’t have to listen to me. No one forces you to come here to the blog. There are increasing numbers of scientists far better than both of us who question climate alarmism.

          This from Dr. Robert G. Brown of Duke Univ: “Most of the skeptics do not “deny” AGW, certainly not the scientists or professional weather people (I myself am a physicist) and honestly, most of the non-scientist skeptics have learned better than that. What they challenge is the catastrophic label and the alleged magnitude of the projected warming on a doubling of CO2. They challenge this on rather solid empirical grounds and with physical arguments and data analysis that is every bit as scientifically valid as that used to support larger estimates, often obtaining numbers that are in better agreement with observation.”

  15. Jack says:

    Sure 1 word….OBAMA.

    1. Brad says:

      “I’m stupid.”

      1. Jack says:

        Well….there ya go.Brad….

        1. Bill Steffen says:

          Ronald Reagan: “”Well, the trouble with our liberal friends is not that they’re ignorant; it’s just that they know so much that isn’t so.”

        2. Brad says:

          Are you talking about Christians?

        3. Bill Steffen says:

          Of course not…though 1st Corinthians 1:18 crossed my mind.

  16. Allegan Chess Player says:

    I will have to purchase some fuel tomorrow while it’s still at the current price. :)

  17. Jack says:

    I don’t think so Brad…That being said.. I’ll Pray for you…Brad.

    1. Brad says:

      I’m laughing with you, not at you!

      http://www.youtube.com/watch?v=U-n_zk7e0ZU

      1. Jack says:

        Simply put, I Forgive you for trying to call Me simple…God Bless You Brad.

  18. Kimoeagle says:

    It would appear, Brad, that your posts have been slim on supportive facts and heavy on instigation. It is quite easy to deny, but much more difficult to reason.
    If you wish to repeal Bill’s ( and others) arguments, I suggest that you go beyond the NY Times, and quote a far more OBJECTIVE media source. The NYTimes, once a reporter of facts, is now an op-ed paper, almost as bad on the left as the FoxNews media is on the right. You have a splendid tool to read from alternative news sources (read that outside the US) — the Internet. Gain an investigative viewpoint and then come back to rant. And that’s my 2 cents worth.

    1. Rumrunner says:

      So he should quote the WSJ?

  19. Dan says:

    Well stated, Kimoeagle! It’ll be interesting to see how Brad replies to this, if, he replies. Watch carefully how he’ll use his words to deflect the point and/or hide behind some pseudo intelligence. I think, he is afraid. Either that, or he is very confused. Perhaps, he has ZERO credible evidence which is why he continues down this road. Also, begs the question. When Brad is here, why does Big Daddy not post?

  20. wseaton says:

    Ya know, I actually agree with Bill on the climate change issue (he’s correct on the science) and am neutral politically. However, I’m otherwise baffled that a local weatherman uses his newstation’s web-site to promote a poltical agenda that reads like Rush Limbaugh rather than the Chamber of Commerce. Unproffesional isn’t the word. As for commodity trading in international markets, even increasingly conservative groups are calling for mandatory changes in both crude oil and agriculture futures exchanges that force the speculator to ‘accept delivery’, which is something Bill’s poltical friends oppose because it limits their ability to make a buck on another human being. Has nothing to do with how socialist europe taxes gasloine and all to do with how wealthy market entities starve other human beings. I think I’ll refer my next comments to WoodTV’s advertisers along with links to this blog.

    1. Bill Steffen says:

      Glad you agree on the climate issue. I’m not on the side of the speculators. I post if I know gas prices are going up to try and save a few people some pennies. I just think that putting massive taxes on gasoline (to $9 a gallon – European levels) and skyrocketing energy prices will kill the economy and a lot of jobs without budging global temperature.

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