Gasoline Prices Up 24 Cents A Gallon Since My Last Fill-Up

[Henry]

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??

[Dick Brown]

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 .

[David Shea]

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

[Dick Brown]

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 .   

[sdogallen]

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.