Tuesday, May 12, 2015

Where is the Price of Gas Going???

  Isn't this just amazing, how the price goes up in a hurry and very slow to
 come down.
   I believe we are seeing an artificial price in
 gasoline at the pump and it is not going to last.
    I have been talking to some people that
believe the refineries are doing maintenance and are
 in no hurry about it, slowing the production of gas and diesel
 making a false shortage.
   When this is all said and done the bottom
 will fall out of the gas price again, because we are
 still plush with barrels of crude oil, and production of gas will be up.
   We are seeing people that are used to getting
 the profits out of our pockets having to put bottoms
in theirs, and they hate it.
   I do believe we will see the gas price drop again, just don't
 when. 
  

Thursday, February 26, 2015

Oil Prices and the Market

   This strike at the oil refineries is making for conversation good and bad, and it is also
giving the stock speculators a chance to drive the price up or down at will it looks like    Gas prices jumped 0.10 a gallon at the station today while  the market says the price of crude oil rose by 3.35% ,
 it really just got back up to what it was last week. It is possible to get conflicting reports about
the real price. Gasoline at the loading rack also went up 0.10 per gallon.


   Energy is the backbone of any and almost all  societies. We know the price of gas and diesel
will go back up, we do not need it pushed up by money people who are betting against the
American public.


I wonder how this strike is going to effect the production of gas and diesel even with the
stopping work at a few plants. The gamblers are betting the price will jump because of
the shortages it will cause.


  I would not bet they can manipulate the market to that degree. I hope that this is the case
so there will remain for a little while, a little relief for everyone.