Gas Prices

October 15th, 2013 at 1:02 pm by under Bill's Blog, News, Weather

gas prices    The latest from Ed: 

Can We Shut Down Oil Speculation Instead?

Comment on the September 29 prediction:  No hike the first week of October, as predicted.  CORRECT.

Monday, October 14, 2013:  7:30PM:  “We had a price hike last Monday, and another one this Monday, with a new price of $3.59.  I didn’t predict these (color me WRONG) because the NYMEX numbers I am using right now (to estimate the price to retailers) have been eerily steady since mid-September.  To give you some value on the blog, here’s a link to an article I read last week interviewing Dan Dicker, a veteran oil trader.  The interview backs up what we have been writing for years, how energy prices have been hijacked by traders and speculators.  Sample quote:  “Now, the growth in volume [of trading energy futures] … is the growth of those players who have absolutely zero physical interest in oil; they don’t care how it is used. … WTI [West Texas Intermediate oil price] has lost entirely its connection with global crude oil.”

ALSO:   Lowest number of forest/wildfires in the U.S. since 1984.  Here’s the total number and acres burned by year for the past 10 years.   Tokyo just had a 73 mph wind gust from Typhoon Wipha.  Here’s a loop of the stormWindfarm dismantled in BritainEuropean model freeze potential thru the 25th.

19 Responses to “Gas Prices”

  1. GunLakeDeb says:

    I SOOOO agree we need to get rid of the speculators!!!!

  2. Barry in Zeeland says:

    Only thing I understand out of this is that we get bent over no matter what.

    1. Mark (East Lansing) says:

      You are correct, sir.

    1. michael g (SE GR) says:

      Interesting.

  3. Jack says:

    I say We Just Go Back To….. The Horse & Buggy AGE !!!!! Stay Cued,,, ;-)

    1. Rocky (Rockford) says:

      Is the JEM model ready to predict the first snowstorm of the season yet?

      1. Jack says:

        Nope, Stay Cued !! ;-)

  4. INDY says:

    We will call thee first snow storm of thee year Travass!!! INDYY

    1. Rocky (Rockford) says:

      That is perfect! Winter Storm Travass! I am sure that during the snowstorm it will be 70 degrees in Flint!!

      1. INDY says:

        No 80* degrees!! INDYY

      2. Rodey (Rockford) says:

        Time for your epic failures on snow storm predictions. Try to get one right this winter. Fantastic. I love it. As usual, thanks for listening and responding to my comments. Fantastic.

        1. Rocky (Rockford) says:

          fixxxer = brain dead racist!!

  5. Tom M says:

    TRAVASS!!!!!……OMG……GROW UP PEOPLE!!!

    1. Rocky (Rockford) says:

      Thanks for listening!

  6. Nancy says:

    Just returned from Albuquerque N.M. Filled up last night. (Monday) for $2.95 per gallon for regular unleaded. So how can there be .50-.60 per gallon difference? Even though it’s the other side of the country, what can possibly be the reason ?

    1. Jack says:

      1 Word…… ” GREED”. !!!!!!

      1. michael g (SE GR) says:

        So they’re greedy here, but they’re not greedy there? Why is that?

        1. Jack says:

          Cause They CAN !!!

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