Alltop, all the top stories
April 25, 2011

Drill, Baby, Drill! Not the Answer

 

Every time the US price of gasoline heads north, we get the same refrain.

The extra amount of oil that would be produced by the US is teeny-tiny compared with what is world actually consumes.

It would help out with the job scene, but gas prices not so much.

“More production from anywhere would tend to lower prices,” said Adam Sieminski, chief energy economist at Deutsche Bank. “But the amount that we’re talking about domestically, it wouldn’t move gas prices from $4 a gallon to $3.”

So, what is a mother to do anyway?

Filed under:Fuel Budget,Fuel cost,Fuel Price Trends,Gas price | by Pump Girl @ 7:12 pm | 

April 22, 2011

Obama Task Force on Gouging Us on Gas

 

President Obama has directed has directed Atty. Gen. Eric Holder to probe reports of price gouging last month. Now he goes a little further.

Now, he said, “we’re going a step further,” setting up the team “to root out any cases of fraud or manipulation in the oil markets that might affect gas prices – and that includes the role of traders and speculators.”

We will just have to see how that works out. After all, we need traders and I guess speculators too, or we wouldn’t have a market at all, would we?

Filed under:Fuel cost,Fuel Price Trends,Gas price | by Pump Girl @ 9:50 am | 

April 19, 2011

Obama Blames Speculators for High Oil Prices

 

Mr. Obama blames speculators for driving oil prices higher and picking the pockets of American consumer. There is more than enough oil in the world markets to meet demand.

I know that if you’ve got a limited budget and you just watch that hard-earned money going away to oil companies that will once again probably make record profits this quarter, it’s pretty frustrating,” he said.

U.S. Energy Secretary Steven Chu said on Tuesday he was concerned that rising crude oil and gasoline prices could undermine U.S. economic recovery

The US government is going to investigate unfair speculation.

Have at it, boys!

Filed under:Fuel cost,Fuel Cost Control,Fuel Price Trends,Gas price | by Pump Girl @ 5:17 pm | 

Oil Prices Fall.. Gas UP

 

Oil slipped early in the day. The recent surge seems to have stopped.

Don’t think that means the price of gasoline is going down, It doesn’t. National ave. $383. Over $4 where I live :)

What’s up with that?

Filed under:Fuel cost,Fuel Price Trends | by Pump Girl @ 5:06 pm | 

April 17, 2011

Flying Car

 

Filed under:Fumes | by Pump Girl @ 5:17 pm |