Retail gasoline prices continue to fall as QE3 rages unabated

Discussion in 'Politics' started by Ricter, Dec 21, 2012.

  1. Ricter


    "U.S. retail gas prices dip to lowest level in year"

    Bloomberg News
    10:49 a.m. CST, December 18, 2012

    "Retail gasoline prices have fallen to the lowest level in a year as refineries restored production and stockpiles rose to an eight-month high, blunting criticism of President Barack Obama's energy policies.

    "Regular gasoline dropped 9.5 cents, or 2.8 percent from a week earlier, to $3.254 a gallon Monday, the lowest since Dec. 19, 2011, according to data posted on the Energy Department's website. Crude prices, by comparison, were up 1.9 percent in the same week in New York.

    "In the Chicago area, regular gas averaged $3.398 Tuesday, down from $3.631 a month ago but up from $3.369 last year at this time, according to AAA-Chicago Motor Club.

    "High refinery utilization rates have helped U.S. gasoline stocks," Abhishek Deshpande, an oil analyst at Natixis in London, said in an emailed response to questions. "Gasoline demand is back to its structurally low levels."

    "Prices at the pump rose as high as $3.878 in September, stoking debate over Obama's policies before the presidential election. Retail costs are down 16 percent since then, with demand for gasoline lagging pre-recession levels, U.S. refineries coming back online after disruptions, and domestic crude production rising. "

  2. Its Obamas fault
  3. jem


    its the oil market anticipating the recession being caused by the democrat gdp destruction starting in jan with obamacare taxes and host of others.
  4. Ricter


    Looks like "jem algo" guy is back.

  5. LOL !!!
  6. Neither you, nor that idiot drunk, Ricter trade (not even "just a little bit").

    And then yesterday it was revealed that your old "alias", Range Rover was IP traced to a public library. Seriously, what business do you have discussing ANYTHING pertaining to the financial markets?
  7. jem


    oh you must be right... its the policies of the guy who shuts down drilling and does not build pipelines.

    only in a leftist make believe world do supply and demand functions operate so that more taxes and policies which limit potential supply are lauded as good things for consumers.

    how did all that socialist stuff work out for the iron curtain. how is working out in greece and what about the french losing rich people by the droves.

    yeah... it makes sense to tell the people who work hard to work for less and to tell the people who don't work... here is more.
  8. Don't waste your time on the drunk commie (aka "ricter"). Ever since he was outted carrying on a conversation with his sockpuppet alias "Dave1010110", he's become an uber-troll, hellbent on supporting the leftist narrative.
    #10     Dec 21, 2012