Henry Raymond
Fairfax News => Current News & Events => Topic started by: Henry on January 06, 2012, 03:37:39 PM
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On December 19, 2011 I filled up with gas for $2.259 at Maplefields in Essex - I noticed today the Gas Stations in town have a price of $2.499 - Must be a good reason??
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Henry Down here the word is that speculators are using the statements out of Iran to create a false future shortage of gasoline ....Of course , when the price of a barrel of oil dropped several weeks ago , we were told that the price wouldn't drop until the cheaper oil hit the market ....Just the reverse now , and still no attempts from the Energy Czar to ward off this obvious collusion . $ 3.49 today in Punta Gorda .
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The reason for the increase in fuel prices is that the US government had been paying a .45 per gallon ethanol subsidy. Effective January 1st the subsidy payment for ethanol ended. The irony is that the US government still requires the fuel companies to add 10% ethanol to US fuels, the result is that the consumer now has to make up the difference.
More about the topic can be read here: http://www.vermonttiger.com/content/2012/01/good-news-for-the-new-year.html#comments (http://www.vermonttiger.com/content/2012/01/good-news-for-the-new-year.html#comments)
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Henry Gasbuddy.com is quoted in today's paper as saying that the Iran threats are are not believed by anyone but they allow justification for a price increase , which along with the projected manipulation of the Euro vs the Dollar and global demand feeds another reason for speculators to cause prices to rise drastically .............. When traveling Interstates , I drive about 65 mph as opposed to 75 , which obviously takes longer but really makes a difference in mileage costs , but then , time has less meaning for an old curmudgeons like us then for others .
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I called my heating oil company this week and asked if that was golng up also and guess what...it is! Anyways I asked if they could top off our tank, they did and we actually paid 6 cents less than what we paid a month ago. Hate to see what the price will be a month from now.