Article

2012-08-30 Economy

Gasoline Rising To Holiday High As Storm Surge Presses Obama

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Fred 2012-08-30 00:00|| || Front Page|| [5 views ] Top

#1 QE3 gone, corn ethanol and gasoline to the roof Alice, unemployment up (previous number two times in a row women hit hardest and more recently college educated) the great ditherer in action. "release supplies from the Strategic Petroleum Reserve"- symbolic.

Posted by Dale 2012-08-30 06:54|| 2012-08-30 06:54|| Front Page Top

#2 gasoline stocks were already low (about 5 - 10 million barrels below the 210 million normal) before Isaac hit

there are several refineries in the area that are closed or will be closed for a week or so and that will reduce production of gasoline by about 2 to 4 million barrels

however, consumption of gasoline is depressed during the storm and immediately after

the reality is that the slow economy is also depressing consumption by about 1M barrels a week or so; were it not for this, prices would be at least a dollar more per gallon

Posted by lord garth 2012-08-30 09:30|| 2012-08-30 09:30|| Front Page Top

23:45 USN, ret.
23:41 JosephMendiola
23:39 JosephMendiola
23:28 JosephMendiola
23:21 Rob Crawford
23:17 Rob Crawford
23:15 Rob Crawford
22:49 JosephMendiola
22:39 USN, ret.
22:37 trailing wife
22:12 Anguper Hupomosing9418
20:20 Frank G
20:18 Frank G
20:13 Eric Jablow
19:54 Glenmore
19:44 trailing wife
19:34 SteveS
19:23 wr
19:18 wr
19:14 Secret Asian Man
19:09 Raider
19:04 Secret Asian Man
18:08 JohnQC
17:55 JohnQC