Second Biggest Gas Price Jump in History

 

This photo was taken in June of 2008. The prices soared then and they are doing it again.  According to CNNMoney.com, “gas prices increased nearly 33 cents in a two-week period, the second-biggest price jump in the history of the gasoline market.”  Ouch.  The cheapest gas in Eureka at a regular station right now is $4.05 per gallon.  Will we be paying $5 per gallon this summer?

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10 comments

  • we have a surplus of gas and oil. the price is set by traders in the commodities market. Call your congress person and tell them to eliminate the trading in gas prices. or to establish a government gas station network so the price gouging can go to help us pay for teachers etc.

  • You can count on it Kim. I’ve read several articles this last week regarding this subject. Two weeks ago there was an article in Forbes that predicted we’d be be paying $5.00 a gallon in March.
    Gee…how did they know that?
    On commonity trading: speculators set prices months ahead of time. The real cost of oil right now was set months ago…so how is it we’re reacting to real-time situations (think Libya) and the oil companies are telling us it’s affecting the current market that has already been determined?
    The whole system stinks.
    Big Oil rules the world.

  • Pingback: Gas Prices: Ridiculously High! | A Bit of Everything

  • Pingback: Gas Prices: Ridiculously High! | A Bit of Everything

  • When it first started to raise mark almost called to get our ranch tanks topped off, now I wish he had. Ouch. It really cuts into the firewood profit.

  • When it first started to raise mark almost called to get our ranch tanks topped off, now I wish he had. Ouch. It really cuts into the firewood profit.

  • Pingback: Gas Prices: Ridiculously High! « A Bit of Everything

  • Pingback: Gas Prices: Ridiculously High! « A Bit of Everything

  • The vaulting cost of fuel curently has no relationship to supply and demand but rather to the speculation market. Proponents of drilling want you to think the supply of oil is low so as to justify high prices while they to continue to rake in trillions of dollars in profits. We no longer pay for the real cost of fuel but rather the cost of comodity manipulation and stock market manipulation. We pay for the cost of keeping product off the market until prices are forced upward to allow for mass profits and political power for the oil industry. The US Government maintains a policy and is so in bed with the big business and the oil industry that the common people of this country can go to hell. We fight wars, killing our young so that the oil industry can continue to force massive profits.

    It is time for our people to pull their collective heads out of the sand, open their eyes and realize how much of a pawn, to the oil industry, they have become.

    I have been told to buy American oil in order to support our country but the same people fail to understand that the oil companies are not American but multinational with no concern for any country or people. The multinayional is only interested in profit and power and has no concerns for people of any country.

  • The vaulting cost of fuel curently has no relationship to supply and demand but rather to the speculation market. Proponents of drilling want you to think the supply of oil is low so as to justify high prices while they to continue to rake in trillions of dollars in profits. We no longer pay for the real cost of fuel but rather the cost of comodity manipulation and stock market manipulation. We pay for the cost of keeping product off the market until prices are forced upward to allow for mass profits and political power for the oil industry. The US Government maintains a policy and is so in bed with the big business and the oil industry that the common people of this country can go to hell. We fight wars, killing our young so that the oil industry can continue to force massive profits.

    It is time for our people to pull their collective heads out of the sand, open their eyes and realize how much of a pawn, to the oil industry, they have become.

    I have been told to buy American oil in order to support our country but the same people fail to understand that the oil companies are not American but multinational with no concern for any country or people. The multinayional is only interested in profit and power and has no concerns for people of any country.

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