Gas prices up 20% from last ten days

[spursncowboys]

WTF. I was starting to like the lower prices.

[rascal]

You sure it is 20%. What were they before and what are they now?

[spursncowboys]

You sure it is 20%. What were they before and what are they now?
Do you not buy gas?

[ChumpDumper]

Do you not buy gas?I do, but I haven't noticed a 60 cent increase this past 10 days.

[spursncowboys]

cd=rascal?

In Colorado it's higher than 20%. Are you in Texas? What's their increase?

[rascal]

Do you not buy gas?

Give me the numbers. You claim a 20% increase.

[TeyshaBlue]

Went from 3.09 to 3.29 around my house.

[TeyshaBlue]

bout 6%?

[leemajors]

3.09 to 3.15 in a week here.

[boutons_deux]

DRILL HERE, DRILL NOW !

:lol

Energy Security !

:lol

"Frack me once, shame on me. Frack me again, and .... duh, uh"

[ElNono]

It's been going up... not sure about 20% though...

http://www.newjerseygasprices.com/retail_price_chart.aspx

[clambake]

It's been going up... not sure about 20% though...

http://www.newjerseygasprices.com/retail_price_chart.aspx

thats what you get for having 93 octane. serves you right, ya selfish bastard.

[ElNono]

thats what you get for having 93 octane. serves you right, ya selfish bastard.

:lol

[Drachen]

3.09 to 3.24 on my side of town. What's that? about 5%?

[spursncowboys]

I can't wait to get back to texas!!:drool:

[Das Texan]

someone needs to be pinked for lying.

[TDMVPDPOY]

how about LPG? lol they are at prices petrol was a decade ago....

[boutons_deux]

As a non-compete cartel, they raise prices, like banks, whenever they want more profit, which is always

Exxon, Chevron Made $71 Billion Profit in 2012 As Consumers Paid Record Gas Prices

Here are the highlights of how Exxon and Chevron spend their earnings:

ExxonMobil

Exxon received $600 million annual tax breaks. In 2011, Exxon paid just 13 percent in taxes. The company paid no taxes to the U.S. federal government in 2009, despite 45.2 billion record profits. It paid $15 billion in taxes, but none in federal income tax.

Exxon’s oil production was down 6 percent from 2011.

In fourth quarter, Exxon bought back $5.3 billion of its stock, which enriches the largest shareholders and executives of the company.

Exxon’s federal campaign contributions totaled $2.77 million for the 2012 cycle, sending 89 percent to Republicans.

The company spent $12.97 million lobbying in 2012 to protect low tax rates and block pollution controls and safeguards for public health.

Exxon CEO Rex Tillerson received $24.7 million total compensation.

Exxon is moving ahead with a project to develop the tar sands in Canada.


Chevron:

In October, Chevron made the single-largest corporate donation in history. Chevron dropped $2.5 million with the Congressional Leadership Fund super PAC to elect House Republicans.

The bulk of Chevron’s federal contributions came from the super PAC donation, for a total of $3.87 million for the 2012 cycle. 85 percent went to Republicans.

Chevron spent $9.55 million lobbying Congress in 2012, according to the Center for Responsive Politics.

Chevron paid 19 percent U.S. taxes last year (half of the top corporate tax rate of 35 percent), and received an estimated $700 million in annual tax breaks last year.

Chevron was fined $1 million for a refinery fire that sent 15,000 Richmond, California residents to the hospital. Though the company faces $10 million in medical expenses, Chevron earns it back in a couple of hours.

With Royal Dutch Shell and ConocoPhillips reporting $35 billion in combined profit in 2012, BP is the last company left to announce its profits for the year.


http://thinkprogress.org/climate/2013/02/01/1525441/exxon-chevron-2012-profit/ (http://thinkprogress.org/climate/2013/02/01/1525441/exxon-chevron-2012-profit/)

[DMC]

I couldn't tell you, I don't buy gas.

[spursncowboys]

As a non-compete cartel, they raise prices, like banks, whenever they want more profit, which is always

Exxon, Chevron Made $71 Billion Profit in 2012 As Consumers Paid Record Gas Prices

Here are the highlights of how Exxon and Chevron spend their earnings:

ExxonMobil

Exxon received $600 million annual tax breaks. In 2011, Exxon paid just 13 percent in taxes. The company paid no taxes to the U.S. federal government in 2009, despite 45.2 billion record profits. It paid $15 billion in taxes, but none in federal income tax.

Exxon’s oil production was down 6 percent from 2011.

In fourth quarter, Exxon bought back $5.3 billion of its stock, which enriches the largest shareholders and executives of the company.

Exxon’s federal campaign contributions totaled $2.77 million for the 2012 cycle, sending 89 percent to Republicans.

The company spent $12.97 million lobbying in 2012 to protect low tax rates and block pollution controls and safeguards for public health.

Exxon CEO Rex Tillerson received $24.7 million total compensation.

Exxon is moving ahead with a project to develop the tar sands in Canada.


Chevron:

In October, Chevron made the single-largest corporate donation in history. Chevron dropped $2.5 million with the Congressional Leadership Fund super PAC to elect House Republicans.

The bulk of Chevron’s federal contributions came from the super PAC donation, for a total of $3.87 million for the 2012 cycle. 85 percent went to Republicans.

Chevron spent $9.55 million lobbying Congress in 2012, according to the Center for Responsive Politics.

Chevron paid 19 percent U.S. taxes last year (half of the top corporate tax rate of 35 percent), and received an estimated $700 million in annual tax breaks last year.

Chevron was fined $1 million for a refinery fire that sent 15,000 Richmond, California residents to the hospital. Though the company faces $10 million in medical expenses, Chevron earns it back in a couple of hours.

With Royal Dutch Shell and ConocoPhillips reporting $35 billion in combined profit in 2012, BP is the last company left to announce its profits for the year.


http://thinkprogress.org/climate/2013/02/01/1525441/exxon-chevron-2012-profit/ (http://thinkprogress.org/climate/2013/02/01/1525441/exxon-chevron-2012-profit/)
So you are for getting rid of tax loopholes? Even all the Dem supporting companies like Berkshire and GE?

[boutons_deux]

So you are for getting rid of tax loopholes? Even all the Dem supporting companies like Berkshire and GE?

Sure, all of 1%/VRWC/corporate/estate tax loopholes, all gone.

and no tax-free health insurance, either. and capping mortgage interest deductions to average house value in a region, and no mortgage deduction for anything but first house.

also, no fortune 1000 companies or their bogus scamming "subsidiaries" to receive "small" business loans and assistance.

[boutons_deux]

Gasoline Prices Get Early Start On Spring Surge
The culprits: Rising crude oil prices, slowing output at refineries that are undergoing maintenance, and low supplies of gasoline.

When the first Super Bowl was played 46 years ago, gasoline cost about 32 cents per gallon and Super Bowl tickets cost $10. Now gasoline is $3.42 and a seat in a distant corner of the Superdome costs $2,236 on the ticket-reselling site StubHub.

Put another way, a ticket to the Super Bowl in 1966 was worth about 31 gallons of gasoline then, enough for 2 fill-ups. A ticket to Sunday's game between the Baltimore Ravens and San Francisco 49ers in New Orleans is worth 650 gallons — enough to fill a mid-size sedan 43 times.

http://www.npr.org/templates/story/story.php?storyId=170783371

[boutons_deux]

During Drilling Boom, Americans Spend More On Gas Than They Have In Nearly 30 Years (http://thinkprogress.org/economy/2013/02/04/1536041/drilling-boom-gas-prices-30-years/)


The Energy Information Administration reports household spending on gasoline hit nearly a three-decade high in 2012, accounting for almost 4 percent (http://www.eia.gov/todayinenergy/detail.cfm?id=9831&src) of income. That averages to roughly $2,900 per person a year.

Gas consumption has decreased — largely because of fuel-efficient cars — but even these gains were not enough to offset 2012′s record gas prices (http://thinkprogress.org/climate/2013/01/02/1385431/average-us-gasoline-prices-hit-record-high-in-2012/):

U.S. gasoline consumption fell in 2011 to 134.2 billion gallons, its lowest level since 2001. However, at the same time, EIA’s average city retail gasoline price rose 26.1% in 2011, and another 3.3% in 2012, when it reached $3.70 per gallon. The effect of the higher prices in 2011 and 2012 outweighed the effect of reduced consumption.



http://thinkprogress.org/wp-content/uploads/2013/02/gasoline.png

http://thinkprogress.org/economy/2013/02/04/1536041/drilling-boom-gas-prices-30-years/

[Blake]

cd=rascal?

In Colorado it's higher than 20%. Are you in Texas? What's their increase?

http://www.denverpost.com/gasprices

Around 2.75 for a low around two weeks ago in Denver. Today around 3.15

About a 15% increase?

Either my math sucks or yours does.

[TeyshaBlue]

During Drilling Boom, Americans Spend More On Gas Than They Have In Nearly 30 Years (http://thinkprogress.org/economy/2013/02/04/1536041/drilling-boom-gas-prices-30-years/)


The Energy Information Administration reports household spending on gasoline hit nearly a three-decade high in 2012, accounting for almost 4 percent (http://www.eia.gov/todayinenergy/detail.cfm?id=9831&src) of income. That averages to roughly $2,900 per person a year.

Gas consumption has decreased — largely because of fuel-efficient cars — but even these gains were not enough to offset 2012′s record gas prices (http://thinkprogress.org/climate/2013/01/02/1385431/average-us-gasoline-prices-hit-record-high-in-2012/):

U.S. gasoline consumption fell in 2011 to 134.2 billion gallons, its lowest level since 2001. However, at the same time, EIA’s average city retail gasoline price rose 26.1% in 2011, and another 3.3% in 2012, when it reached $3.70 per gallon. The effect of the higher prices in 2011 and 2012 outweighed the effect of reduced consumption.



http://thinkprogress.org/wp-content/uploads/2013/02/gasoline.png

http://thinkprogress.org/economy/2013/02/04/1536041/drilling-boom-gas-prices-30-years/


lol thinkprogress http://homerecording.com/bbs/images/smilies/facepalm.gif

[TeyshaBlue]

This is what thinkprogress wants to be when they grow up.



Gasoline Volume Sales, Demographics
and our Changing Culture
By Doug Short
January 23, 2013 (Monthly Update)

http://advisorperspectives.com/dshort/updates/Gasoline-Sales.php

[DUNCANownsKOBE]

I guess the military doesn't teach math

[spursncowboys]

:lmao. How's the "job"?
:lol coward

[Latarian Milton]

I couldn't tell you, I don't buy gas.
you can mooch every drip of the petrol you use from your job, cool story bro. stolen fruit is sweet

[DUNCANownsKOBE]

:lmao. How's the "job"?
:lol coward

I graduate in May and start in July. I'll let you know.

Hopefully your job doesn't involve anything analytical seeing that you fuck up 5th grade math.

[DMC]

you can mooch every drip of the petrol you use from your job, cool story bro. stolen fruit is sweet

it's a perk, not unlike those free wontons you get for busing tables at the Peking Moon.

[boutons_deux]

Speed Trap: Big Oil Profits from High Gasoline Prices


Boosting the bottom line

While not investing in producing oil from their idle leases, four of the companies—all but BP—spent $42 billion, or one-third of their profits, repurchasing their stock. This practice enriches shareholders but it doesn’t add to oil supplies or to investments in alternative fuels or other new technologies.

The big five oil companies invested nearly $50 million of their abundant bounty to lobby Congress in 2012. They spent nearly $8 million on federal campaign contributions, with Republican candidates receiving $4 for every $1 donated to Democrats. A major goal of these political efforts was to retain their special tax breaks, which annually are worth $2.4 billion, according to the Congressional Joint Committee on Taxation (https://www.jct.gov/publications.html?func=startdown&id=4415). Last March Big Oil successfully lobbied against a Senate bill to eliminate the special tax breaks. The bill was defeated by a vote of 51-47 (http://thinkprogress.org/climate/2012/03/30/455722/47-senators-side-with-big-oil-and-vote-to-kill-37000-american-wind-jobs/), with 60 votes needed for passage.

These special tax provisions are part of what makes the oil and gas industry the most heavily subsidized energy source in the world over the past 100 years, according to “What Would Jefferson Do? (http://www.dblinvestors.com/documents/What-Would-Jefferson-Do-Final-Version.pdf)”, a study by the venture capitalist firm DBL Investors. It determined that the oil industry received a total of $446 billion in government subsidies from 1918 through 2009. Meanwhile, the renewable energy industry received $5.5 billion over the past 15 years. U.S. taxpayers invested $80 in oil for every $1 invested in clean, renewable energy.

Jack Gerard (http://green.blogs.nytimes.com/2013/01/08/hands-off-oil-industry-warns-government/), head of the American Petroleum Institute, repeatedly claims that “The oil and gas industry gets no subsidies, zero, nothing,” but this ignores reality. Economists recognize that there is no meaningful difference between tax expenditures and programs that spend money directly. President Ronald Reagan’s chief economic advisor, economist Martin Feldstein, noted that (http://www.nber.org/feldstein/wsj07202010.html) “These tax rules—because they result in the loss of revenue that would otherwise be collected by the government—are equivalent to direct government expenditures. If Congress is serious about cutting government spending, it has to go after many of them.”

Moreover, contrary to claims by Big Oil lobbyists (http://www.api.org/news-and-media/testimony-speeches/2012/jack-gerard-report-to-the-platform-committees.aspx), the big three publicly owned U.S. oil companies—ExxonMobil, Chevron, and ConocoPhillips—paid relatively low federal effective tax rates in 2011. Reuters (http://www.reuters.com/article/2012/03/26/us-usa-tax-bigoil-idUSBRE82P0DX20120326) reports that their tax payments were “a far cry from the 35 percent top corporate tax rate.” Their effective federal tax rates in 2011 were: ExxonMobil, 13 percent; Chevron, 19 percent; and ConocoPhillips, 18 percent.

Sen. Lisa Murkowski’s (http://www.energy.senate.gov/public/index.cfm/files/serve?File_id=099962a5-b523-4551-b979-c5bac6d45698) (R-AK) just-released energy plan argues that these special oil tax breaks should be retained because they help “companies’ ability to make the capital expenditures needed to bring re‐sources to market.” This claim ignores that the big five oil companies have $70 billion in cash reserves—ample capital to bring oil to the market.

Maintaining the existing special tax breaks for the big five oil companies makes little sense. In essence, the policy allows Big Oil to force Americans to pay them twice: first at the pump for high gasoline prices, and again by robbing the U.S. Treasury of $2.4 billion annually—money that is replaced with tax revenue from the middle class. After posting enormous profits in 2012, elimination of these unnecessary special tax breaks for the largest oil companies is long overdue.

http://www.americanprogress.org/issues/green/news/2013/02/06/51967/big-oil-profits-from-high-gasoline-prices/

[CavsSuperFan]

In England, gas is $10 a gallon.
In fact, gas is so high in England that people have stopped eating horses and started riding them again.

[Drachen]

In England, gas is $10 a gallon.
In fact, gas is so high in England that people have stopped eating horses and started riding them again.

:lmao

[Wild Cobra]

In England, gas is $10 a gallon.
In fact, gas is so high in England that people have stopped eating horses and started riding them again.
LOL...

Too bad they slaughtered them in Romania.

[Winehole23]

http://qz.com/84418/a-new-forecast-points-to-a-plunge-in-oil-and-gasoline-prices/

[TeyshaBlue]

Good read. Thx, WH.

[boutons_deux]

http://www.mytravelcost.com/petrol-prices/