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Why gas prices climbed 13 cents in a week, and look set to keep going

The Christian Science Monitor -- As summer heads into its last month, the price of a gallon of gasoline keeps rising and rising.

In the past week, nationally, the average price at the pump is up 13 cents, to $3.65 a gallon. That's 27 cents a gallon higher than it was a month ago. And by tomorrow, the price could be higher than it was a year ago – the first time that has happened since the end of April. In some states, a return to $4 a gallon is becoming a possibility.

What’s happening to cause the price to rise so quickly?

RECOMMENDED: High gas prices: what presidential candidates say they'll do about it

Some of the rise is the result of bad breaks, say some energy analysts. A big refinery fire this week in California and a pipeline leak in the upper Midwest have hit at just the wrong time. In addition, the price of


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Submitted Aug 09, 2012 By: angel4me
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Author Topic: Why gas prices climbed 13 cents in a week, and look set to keep going Back to Topics
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DanMtz
Champion Author Oakland

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Message Posted: Aug 9, 2012 5:59:06 PM

Refinery monkey business is to blame here in CA.
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kjSC
Champion Author South Carolina

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Message Posted: Aug 9, 2012 3:43:01 PM

Regular gas is up over 10% in the last couple of weeks.
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JimL1
Champion Author Phoenix

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Message Posted: Aug 9, 2012 2:01:28 PM

What a Crock! Regular is still available for $3.09 per gallon here, though the fools here support increasing the average by paying as much as $3.51 for one gallon of the same product. If you want lower prices, stop buying at the more expensive stations. If you are willing to pay it they are willing to charge it. DUH
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GOBUTLER
Champion Author Indianapolis

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Message Posted: Aug 9, 2012 1:22:39 PM

Ok
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KrsnaDragon
Champion Author Montreal

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Message Posted: Aug 9, 2012 11:59:30 AM

More refinery fires..?
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bwatchingu
Champion Author Arkansas

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Message Posted: Aug 9, 2012 11:54:21 AM

Tired of excuses.Or lies?
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bluebird1
Champion Author Toronto

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Message Posted: Aug 9, 2012 11:48:43 AM

Funny speculators were hardly mentioned....ie. anyone really think European economy(s) are fixed & consumption will go up??? Only speculators do & want profits first even before it appears it might happen.
As for prices in US, we're now about $6.04/gal Cdn with last nights increase of over 2 c/L ie 9 c/gal Cdn (yes one day) & up about 20c/gal in lst week.
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5kvdave
All-Star Author Los Angeles

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Message Posted: Aug 9, 2012 11:24:26 AM

WHATEVER!!!!!!
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nickatnite
Veteran Author Indianapolis

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Message Posted: Aug 9, 2012 10:30:31 AM

Yay.
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19sheldon43
Champion Author Los Angeles

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Message Posted: Aug 9, 2012 10:18:23 AM

Another reason, they didn't list. Simply, BECAUSE THEY CAN!!
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2granny
Champion Author Michigan

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Message Posted: Aug 9, 2012 10:17:52 AM

Our gas prices were rising before the refinery problems.
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GoLancer4
Champion Author Ohio

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Message Posted: Aug 9, 2012 10:14:14 AM

cant stop em
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tomok
Champion Author Portland

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Message Posted: Aug 9, 2012 10:08:00 AM

Because They Can!
Big Oil will raise fuel prices if they want to or have a refinery undergo 'unplanned maintenance' when they want to. There is nothing you can do, Big oil will maintain its profits without regard to your well being or your possible economic problems.
The trend is always up with fuel prices. The price at the pump needs to go down to $2/gallon, $3 to $3.50/gallon is Not the new low!
With 'coming out of the closet' Barry's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, who can afford to buy fuel and the vehicle to use it! Barry can spin the jobs numbers so they look much better than what they really are, he's a smooooth talker if there ever was one!
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost.
The price of fuel at the pump is too high!
12/22/2012
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AriesMMD
Champion Author Sacramento

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Message Posted: Aug 9, 2012 9:58:31 AM

Bitch and moan all you want, it won't change a damn thing. Less of a supply the more competition for that commodity. Life bites, yes, get over it and grow up!!!
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svspyda
Champion Author San Jose

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Message Posted: Aug 9, 2012 9:48:02 AM

if my car is repaired i will hv to spend money and will not put the burden on my customers.. if refineries hv fire problem they have to dealt with. They always search for reason to raise price..
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OOXXFF
Champion Author Greensboro

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Message Posted: Aug 9, 2012 9:45:39 AM

And the oil companies keep making record profits.
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PithyOpiner
Champion Author Stockton

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Message Posted: Aug 9, 2012 9:44:44 AM

Don't worry 'bout it. They'll come back down right after Labor Day.
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Digger52
Champion Author Chicago

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Message Posted: Aug 9, 2012 9:42:44 AM

More like 13 cents overnight. . . .
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s4popo
Veteran Author Miami

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Message Posted: Aug 9, 2012 9:38:03 AM

it's simple... speculation. the price of oil has been running on par with the stock market.
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toneOH
All-Star Author Ohio

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Message Posted: Aug 9, 2012 9:37:10 AM

walking is good for all
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dieselme2011
Champion Author British Columbia

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Message Posted: Aug 9, 2012 9:36:05 AM

It's been good for my health I walk more and drive less.
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bbthegun
Champion Author San Diego

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Message Posted: Aug 9, 2012 9:35:50 AM

It jumped because of a refinery fire in the Bay Area.
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babyjudy
Champion Author Tucson

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Message Posted: Aug 9, 2012 9:34:41 AM

...and so it goes...
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ted4636
Champion Author Cleveland

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Message Posted: Aug 9, 2012 9:32:39 AM

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
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robaloma
Champion Author Houston

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Message Posted: Aug 9, 2012 9:29:52 AM

ok. When he says top 1%, he is not talking about just the United States, He is talking about the entire world. Most of the people in the United States fall in the top 1%. He wants to tax the entire population to bring the US down. "Taxing the rich" in his mind means taxing everyone that lives here. We are in for some trouble.
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Topshopper2011
Champion Author New Jersey

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Message Posted: Aug 9, 2012 9:29:38 AM

Bogus excuses! I cut down my driving!
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PK33
Champion Author Ann Arbor

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Message Posted: Aug 9, 2012 9:29:24 AM

Corporate profits were down in July, so they stick it to the consumers in August to make sure the CEO's get their big bonuses
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JWHITE1937
Champion Author Massachusetts

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Message Posted: Aug 9, 2012 9:27:51 AM

Price goes up because we keep buying gas!!
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INBwana
Champion Author Indiana

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Message Posted: Aug 9, 2012 9:27:28 AM


.13 Cents? How about +.30 Cents here! More BS lies....
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Car54BC08
Champion Author British Columbia

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Message Posted: Aug 9, 2012 9:26:51 AM

Gas will just continue to rise. Time to get an alternate fueled vehicle
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dougtaylor1
Champion Author Phoenix

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Message Posted: Aug 9, 2012 9:26:50 AM

If the Christian Science Monitor can report like this, why do we need diots in the Energy Information Administration. Get rid of the DOE.
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BCM1
Champion Author Pennsylvania

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Message Posted: Aug 9, 2012 9:23:12 AM

The price rose 20 cents before the fire in California. So, that is just BS. The speculators are driving the price sky high.
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nanu4u21
Champion Author Orange County

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Message Posted: Aug 9, 2012 9:20:20 AM

No Wonder where Obama and Romney got the billions from to sponsor their campaign... some one has to repay them who better than the simple common man...
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BudsterMO
Champion Author Kansas City

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Message Posted: Aug 9, 2012 9:18:39 AM

Goldman Sachs needs more money to pay their long futures contracts.
Stop Oil Speculation (SOS) NOW!
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LCSTEELERBOB
Champion Author Gary

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Message Posted: Aug 9, 2012 9:18:13 AM

ALL THIS IS JUST BULLCRAP.
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chyguy3
Champion Author Wyoming

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Message Posted: Aug 9, 2012 9:17:48 AM

Ain't no relief in sight, is there?
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DaisysMomNC
All-Star Author North Carolina

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Message Posted: Aug 9, 2012 9:16:59 AM

sick of all the lame exuses!!
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blah2blah3
Champion Author Houston

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Message Posted: Aug 9, 2012 9:16:23 AM

seriously whomsoever doesn't know bthe reason by now, then i do not know what to say. Ridiculous !!!
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bicycler
Champion Author Ontario

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Message Posted: Aug 9, 2012 9:15:38 AM

Actually the CEO of two of the highest 'oilbaron' companies got a pimple on their rear ends at the same time.They used the telephone to discuss any suitable remedies .
After a lengthy conversation it was agreed that they would raise the price of gas as a poultice and obtain enough cash for extra pillows to be placed on their already comfortable chairs. Solution found!
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Tucker1961
Champion Author Seattle

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Message Posted: Aug 9, 2012 9:15:30 AM

sure
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pricechecker08
Champion Author Ohio

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Message Posted: Aug 9, 2012 9:14:31 AM

They say they can,t produce fast enough now, so let them explain why other refiniers has been shut down over the last few years.
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BeaconLite
Champion Author Ottawa

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Message Posted: Aug 9, 2012 9:13:21 AM

In my home town of Ottawa, Ontario, Canada, the price per litre was down to 121.00 from 127.0. This morning it's up to 129.00

THERE IS NO EXCUSE!!
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q2
Champion Author Alberta

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Message Posted: Aug 9, 2012 9:13:16 AM

With greed any excuse is justified.
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Cheepo
Champion Author Tampa

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Message Posted: Aug 9, 2012 9:12:18 AM

Drill baby drill and have one type of gas for the whole country, that will drastically reduce prices!!!!!!!!
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mindrisa
Veteran Author Denver

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Message Posted: Aug 9, 2012 9:11:41 AM

ok
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grammamNV
Champion Author Nevada

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Message Posted: Aug 9, 2012 9:10:33 AM

Isn't Keystone and "OIL" pipeline? This article refers to it as a "NATURAL GAS" pipeline - ???
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gonzohb
Champion Author Los Angeles

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Message Posted: Aug 9, 2012 9:10:24 AM

It is already above 4 bucks a gallon here and rising!
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eschroth442
Champion Author Cleveland

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Message Posted: Aug 9, 2012 9:10:17 AM

Here is Wall Street messing with my wallet.
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ramgas
Champion Author Texas

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Message Posted: Aug 9, 2012 9:09:28 AM

Bet the oil speculators are laughing all the way to the bank.
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gibby01
Rookie Author Michigan

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Message Posted: Aug 9, 2012 9:07:53 AM

gas prices went up simply because the oil companies are greedy and want, want want
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