The Vietnamese government's decision to increase retail gasoline prices will probably push consumer inflation past 30%, HSBC Holdings Plc said.
Vietnam's year-on-year inflation rate reached 26.8 percent in June, the highest since at least 1992. The government today announced the price of the most commonly used grade of gasoline in the country has increased by 31%, while the price of kerosene is
Ask Fred Aylsworth, general sales manager at Turnpike Ford in Huntington, what type of vehicle customers are looking for these days, and he can answer the question with only two words.”Gas savers,” he said.
The average price for a gallon of regular gasoline in West Virginia was $4.04 June 9, or nearly $1 a gallon higher than it was at the same time last year, according to American Auto
IF YOU HAVE NOT CONTACTED THE WHITE HOUSE YET, YOUR ANSWER IS ‘NO’ Jimmy Z Prices are expected to go up, up, up all summer long, unless the President overrides the jackass liberals in congress and immediately signs an executive order allowing exploration and drilling in ANWR and offshore. Anything less, and prices will continue to rise unabated. If you aren’t calling and y
How about you guys do a report on the breakdown of gas prices. In
other words, out of 4.50 a gallon how much does the oil company
keep, how much does the station keep and how much is taxes etc.
People want to know this. I feel like if people know how much
profits these companies are taking they can put pressure to lower
prices! Look at this picture, how can we even survive with these
prices! I am
As it says in the video assume the position… I can’t beleive the price of gas.
Is it that they want to see what the public will put up with until we break?
I went to fill up the gas can to mow the lawn and I couldn’t beleive my eyes at the cost to fill [...]
Paying for gasoline easily tops the list of economic woes facing families in the United States, according to a survey on how changes in the economy have affected people’s lives.
About 44 percent of survey participants said paying for gasoline was a “serious problem” for them. Across all income levels, the cost of gas was the [...]
NEW YORK (MarketWatch) — U.S. retail gasoline prices for unleaded regular rose by a penny to $3.40 a gallon in the last day, according to the Daily Fuel Gauge Report from AAA. A month ago the price was $3.28 and a year ago the price was $2.87. In Wailuku, Hawaii, prices rose to $4.08 a [...]
CORRECTING and REPLACING Rising Gasoline Prices Got You Down? Head to Taco
Bell(R) for a Chance to Win Free Fuel!
Fuel Up For Free Beverage Promotion Awards Free Fuel Every 10 Minutes
IRVINE, Calif., Apr 14, 2008 (BUSINESS WIRE) — Please replace the release with
the following corrected version due to multiple revisions.
The corrected release reads:
RISING GASOLINE PRICES GOT [...]
Oil and gasoline prices keep going up, hurting consumers and the US economy.
According to the USA Today:
NEW YORK — Gas prices rose further into record territory Monday, pulled higher by resurgent oil futures and a growing belief that gasoline supplies are falling as the summer driving season approaches.
Oil futures, meanwhile, jumped more than $2 a [...]
$1.59 was the price per gallon of gasoline back in 1970s. This year however, this precious liquid approached and quickly surpassed the $3 per-gal mark.
What causes gasoline prices to soar? There are multiple reasons for that. Typically, rising costs are common for the summer, because a lot of people are going on vacation and more driving is involved. Holidays, such as Thanksgiving are also a precondition for a higher demand and respectively higher price. Major disasters, such as hurricanes can also be “helpful” (for example, when hurricane Katrina hit, refineries went out of order, causing a spike in prices due to higher demand and lower supply). The cost of crude oil, refinery processing costs, marketing and distribution costs, and taxes are directly reflecting on what the consumers pay at the pump. Some states such as California and Chicago require clean-burning fuel which can only be supplied from certain refineries, once again resulting in elevated prices.
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While natural gas softened by 29 cents to $6.37 a million British thermal units on ample supplies, August crude futures rose 32 cents to $74.15 a barrel. The Amex Oil Index (XOI : 1,487.67, -27.32, -1.8% ) fell 2% to 1,483 points. The Amex Natural Gas Index (XNG : 512.17, -9.57, -1.8% ) was off 1.8% and the Philadelphia Oil Service Index ($OSX : 271.11, -3.14, -1.1% ) was down 1.3%. The average U.S. price of a gallon of gas fell 0.4 cents to $3.05, according to data from AAA and the Oil Price Information Service.Energy stocks pull back on natural-gas weaknessCalyon downgraded Baker Hughes (BHI : 81.87, -2.13, -2.5% ) to neutral from add following a profit warning by the Houston drilling-equipment and -services provider. The shares recently fell 2.6% to $81.75. Among the major U.S. oil companies, ConocoPhillips (COP
Gasoline prices in Moscow soared 5.5 percent in the first three weeks of this August, Moscow Fuel Association (MFA) reported Tuesday. Taken for Russia, the prices grew 3.2 percent in the first half of this month, according to Russia’s Statistics Committee.So, the government has apparently lost its battle with prices for fuel. Despite all efforts of the cabinet, the surge in retail prices for gasoline still equals consumer inflation - both of them stepped up 6.9 percent from early this year. A liter of Ai-92 averaged 18.73 rubles at Moscow gasoline stations, MFA said, while Ai-95 gasoline fetched 19.77 rubles. The prices surged 5.5 percent over the first three weeks of this month with the better part of the growth occurred in the past week. In Russia overall, the fuel prices grew 3.7 percent from January to July, said Russian Statistics Committee. But gasoline gained another 3.2 percent in the first two weeks of this August, signaling the growth rates have caught up with inflation.
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Yes, it sounds crazy, but it is really simple economics. The current rise in prices is due mainly to a shortage in refining capacity, not a shortage of oil. The government is pushing biofuels with many subsidies. That is causing the oil companies to reevaluate plans to increase refining capacity. It would be financially foolish for them to invest money if the demand is going to disappear due to the government’s biofuel policies.
Any way that you look at this, the consumer comes out a loser because of the government’s intervention in the private market. Even if biofuels are able to meet the demand, consumers will pay heavily. The cost won’t show up completely at the pump but it will be reflected in your tax bill. Ethanol and other biofuels can not compete with gasoline on the basis of the cost to produce it or with the amount of energy produced per gallon. The wisest thing t
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As gasoline prices increase, the amount of bloviating increases. Harry Reid said “it isn’t right, we must do something!” The one thing I can guarantee is that whatever Harry wants to do will only make things worse.
If government price controls are put on gas, the supply will dry up and cause shortages. One only needs to look at the 1970’s to learn that lesson. Gasoline prices are based on the price of oil. If oil rises in price and the price of gas is capped, the amount of money available to invest in improving production and distribution decreases and a supply shortage results.
Focusing on the dollar profits of the oil companies is like looking at a tree but missing the forest. Gasoline profits are, as a percentage of sales, are much smaller than most industries. Naturally, as prices rise, profits rise - anything else would not make any sen
Okay! Here we go again. Gasoline in New Jersey "Regular" at a Chavez Citgo Station on Route 130 is $2.35 a gallon as of this morning. Why the Rise? The American citizen is being raped by the Oil companies, and the Hedge Fund Money Managers, George Bush, Dick Cheney and their circle of Arab Oil Shieks and the Robber Oil Barrons here in the US of A. are sticking it to all of us. My gas usage averages $60.00 per week, before Bush took office, my gas usage was $20.00 per week. My weekly miles traveled has not changed. To the VOTERS who supported G.W.Bush and the guy pulling G.W.'s strings Mr. "DICK" Cheney, I salute your for screwing up America on many fronts, plus the biggest fraud of them all the War in Iraq. G. W. and Friends have now destabilized the Mideast and because of the stupid rules of engagement, American lives are being lost daily. I want to know Where is Osama? The George and Dick show is almost over, I hope the democrats stop tripping over one another to realize
