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The election must be over…

Because as usual with the green communists in charge and their insane energy policies, gas prices are going up. I found some old receipts and was doing the math, and 37 days ago I filled up at $3.48 a gallon. Yesterday I paid $3.93 for each gallon. That’s a 45 cent jump in just 37 days, and there is no economic boon anywhere to justify increased demand for oil. So, WTF is going on? From the article:

The price spike is due largely to the rising cost of crude oil and the earlier-than-usual shutdown of many U.S. refineries. The refineries shut down to do maintenance and switch over to a summer blend of gas, but the closings create temporary shortages that drive up prices.

I bolded what is really the most important component responsible for both the lower production numbers and the real reason prices are going up. Crude prizes have gone up, but from here we see the following:

•EIA expects that the Brent crude oil spot price, which averaged $112 per barrel in 2012 and rose to $119 per barrel in early February 2013, will average $109 per barrel in 2013 and $101 per barrel in 2014. The projected discount of West Texas Intermediate (WTI) crude oil to Brent, which averaged $18 per barrel in 2012, averages $9 per barrel in 2014 as planned new pipeline capacity lowers the cost of moving midcontinent crude oil to the Gulf Coast refining centers.

Prices went up $5 per barrel since last year in February. In fact, crude prices have not gone up considerably because the US is now pumping lots of oil, but one of the problems we still have is that moving that oil around to get it sold is still being hindered by the stupid greens. Get used to paying more for gas. A lot more. That’s their energy policy in a nut shell. And they don’t have to hide their plans anymore for at least another year or two, since they got the gullible to vote for them.

9 comments

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  1. Section8 says:

    This has been going on for a while now though. This isn’t really new, and it’s incredibly predicable. I’ll predict it now. Gas will go up, up, up, and there will be news stories about how it will never fall again. Then in the first week of May it will begin to slowly go down and then prices will tank right around Memorial Day before leveling out for the rest of the year. They could actually calibrate atomic clocks to this.

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  2. CM says:

    The costs of energy SHOULD reflect the costs of production AND the costs of using that energy. Otherwise there’s just a whole lot of subsidising going on.

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  3. HARLEY says:

    This is about the time that refiners start to switch formulations.

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  4. FPrefect89 says:

    One other thing you did not mention, oil is traded in US Dollars. Because the dollar is losing value, everything will go up in price.

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  5. pekka says:

    > The refineries shut down to do maintenance and switch over to a summer blend of gas, but the closings create temporary shortages that drive up prices.

    I’m not sure what this has to do with “green communist” policies? Sounds like a regular maintenance process to me.

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  6. CM says:

    Prices have skyrocketed here in NZ, yet we have a right-wing government which is certainly not enacting “green communist policies”.

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  7. ilovecress says:

    We’re paying the equivalent of $7USD a gallon in NZ. In the UK it’s more like $8

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  8. CM says:

    We’re paying the equivalent of $7USD a gallon in NZ. In the UK it’s more like $8

    Yes but imagine the horror of having to pay around HALF that much.

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  9. HARLEY says:

    I’m not sure what this has to do with “green communist” policies?

    Its their policies that require all the different formulations.
    there is a minimum of 18 formulations nation wide, plus the 3 different grades for gasoline…… another unneeded cost…

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