Posted by Martin Omander, a resident of the Rex Manor neighborhood, on Mar 15, 2012 at 3:11 pm
Yep, it sure hurts every time I fill up. But oil is a finite resource and demand for it is rising. Now is a good time to make yourself less vulnerable by hedging against future price hikes. Get a bike. Consider moving closer to shopping / friends / work.
Posted by Bex, a resident of the Shoreline West neighborhood, on Mar 15, 2012 at 6:43 pm
This has absolutely nothing to do with supply and demand. This is happening because of speculators buying up oil futures. We should not let out of control hedgefunds drive the American economy. Greed at all cost is what's destroying America!
Posted by Christopher Parkinson, a resident of the Willowgate neighborhood, on Mar 16, 2012 at 9:48 am Christopher Parkinson is a member (registered user) of Mountain View Online
When you have refineries shutting down supply dwindles and prices go up. It is as simple as that. The oil companies love that they have to re-blend their fuels, they make a ton of money during that periods.
Posted by tommygee54, a resident of the Rex Manor neighborhood, on Mar 16, 2012 at 8:10 pm
The ARCO station by my house shot up to $4.27.9 per gallon in less than a month. Then the price stabilized for two weeks. Finally the cost fell---by only TWO CENTS!!! Will the cost go down more??? Well time will tell...