Oil Closes At New Record High

By Associated Press
.

Crude oil closes Tuesday at record high. Oil Closes At New Record High
Published: Tue, April 15, 2008 - 2:49 pm
The consumer's nightmare of rising oil and
gasoline prices shows no sign of letting up.
Crude oil futures prices ended higher, and at a new record, on
the New York Mercantile Exchange. The near-month contract for the
benchmark grade rose $2.03 -- closing at $113.79 a barrel.
Meanwhile, retail gasoline prices rose to a new average national
record of nearly $3.39, according to AAA and the Oil Price
Information Service.

Here is a look at some of the fuel prices along the Gulf Coast:

Alabama $3.285 New Record
Mobile $3.307 New Record


Florida $3.415 New Record
Pensacola $3.349 New Record

Mississippi $3.269
Biloxi $3.303 New Record



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that refined gas you are talking about has not made it to mobile i have been trying to get it but i found out the major brands are also trying to get it so there you go let me tell you as long as these major oil companies are merged there will be no relief in sight its all about wallstreet and demorats get the most contributions from wallstreet not to be political but its a fact biodiesel is already here see any price difference most major gas stations get a lock on oil at a cheaper price do you see them selling it any for less   its all about wallstreet everyday a different excuse for high gas prices and believe me i follow it

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True!  It is unlike any other market.  If the cost of getting an orange to market goes up today, we don’t see that change until the new harvest is in the stores.  With oil, all they have to do is hint at an increase in the price of imported oil and we see it at the pumps as quickly as some guy can change the numbers at the station.

It is contrary to most of my beliefs about big government, but I wonder if oil should be treated like other utilities.  It has become as fundamental to our survival as water, yet we are at the mercy of some very greedy people.

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Simple Answer BamaBob is they do it because they can.  No logic just simple greed.

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There is refined gasoline and diesel fuel in storage facilities, underground tanks at gas stations and on tanker trucks moving around right now.  That gas had a production cost associated with it and that didn’t change overnight, but as soon as a bunch of guys in the middle east jack up the cost of a barrel of crude oil we see it at the pump.

How does that work?

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the cost of fuel will not go down until the big oil companies are broken up   they dont have to compete with one another anymore   every day a new excuse for high fuel prices its all about the stockmarket now and hey what about those hearings on capital hill it was all for show   the major oil companies are putting us under and not to be political its the democrats who get the largest contributions from the major oil companies

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Good Point Carl – I always get mad when they talk about the Federal Reserve full of Oil – Why are we stocking something that can be left in the ground where it is currently located?  If we would release some if not most of the oil reserve the price would drop quickly – Increase the supply lower the price – If everyone is really going to switch to other fuel sources in the next 20 years why are we keeping a big reserve?

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Well they really need the money so they can buy up all the patents on promising new energy sources,such as ,solar ,fuel cells,steam and such,so when they ride this horse to death(oil) they will have a fresh horse to ride.All the while our politicians look the other way and whistle so they can’t hear the outrage coming up the road.

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And the big oil companies say that they still need the tax cuts—-Yeah right they need tax breaks as much as the insurance companies do——I think companies should not get any tax breaks

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I AM SICK OF THIS

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Argh!!!!!

It will be interesting to see how fast the change in the cost of crude gets to the pumps.  Guarantee the prices will go up faster than it takes to refine that new barrel of crude.

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