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Remember when Obama promised to end oil speculation?
And then remember when Obama decided to auction off 30M barrels of strategic petroleum reserve last July? That was because "administration officials said the move was essential to restore stability to the market and offset the loss of 1.5 million barrels a day of high-quality light, sweet crude from Libya during the summer driving season."
So guess who bought 1.5M barrels? JP Morgan. JP Morgan as in the bank JP Morgan. Barclays Bank only bought 100,000 barrels.
And what is JP Morgan going to do with their 1.5M barrels? Well, they aren't going to rush it to their non-existent refinery and sell it at their non-existent JP Gas Stations to restore price stability. No. They get to take delivery whenever they see fit and we all know when that will be.
So that's how you restore stability and end speculating: sell the strategic reserve to the fecking banksters.
Remember when Obama promised to end oil speculation?
And then remember when Obama decided to auction off 30M barrels of strategic petroleum reserve last July? That was because "administration officials said the move was essential to restore stability to the market and offset the loss of 1.5 million barrels a day of high-quality light, sweet crude from Libya during the summer driving season."
So guess who bought 1.5M barrels? JP Morgan. JP Morgan as in the bank JP Morgan. Barclays Bank only bought 100,000 barrels.
And what is JP Morgan going to do with their 1.5M barrels? Well, they aren't going to rush it to their non-existent refinery and sell it at their non-existent JP Gas Stations to restore price stability. No. They get to take delivery whenever they see fit and we all know when that will be.
So that's how you restore stability and end speculating: sell the strategic reserve to the fecking banksters.
to top that off, remember insider trading isn't illegal if you are a member of congress. its been stated on several conservative radio shows this week, although I already knew if for a couple months. how can your investment ever be bad if you know whats going on behind the scenes and can buy or sell in anticipation of information.
Not really even comparison. But I would still hate to get fuel there.
Canada
Fuel taxes in Canada can vary greatly between locales. On average, about one-third of the total price of gas at the pump is tax. Excise taxes on gasoline and diesel are collected both federal and provincial governments, as well as by some select municipalities (Montreal, Vancouver, and Victoria); with combined excise taxes varying from 16.2 ¢/L (73.6 ¢/imperial gal; 61.2 ¢/US gal) in the Yukon to 30.5 ¢/L ($1.386/imperial gal; $1.153/US gal) in Vancouver. As well, the federal government and some provincial governments (Newfoundland and Labrador, Nova Scotia, and Quebec) collect sales tax (GST and PST) on top of the retail price and the excise taxes. (Wikipedia) PA = tax is 38.1 cents per gallon.
3.84??? I'd be filling every extra tank I have.....4.29 to 4.39 here ...I think I'm too close to Canada Ehh......Seriously the shortage in Canada could be affecting Northern Minnesota as well, who knows wheret he pipe comes from.....
This is crazy, it did hit $4.59 last winter though if I recall right, but gas wasn't selling for $3.31 a gallon when diesel was that high though...WTH is really going on...diesel shortage, home heating oil season, and what else???
. Time to start driving the wife's car to work for a while I guess....
It's getting worse here. Drove around Spruce Grove looking for diesel yesterday (small town maybe 10 stations). Only one had diesel at all and they only had 1,000 litre! 2 trucks in front of me and 2 behind, they will be out by now.
You diesel guys are getting screwed, its only 4.09 here in Detroit area but gas is down to 3.09. Wow $1 more per gallon, hope u really need ur diesel or just dont care about how much u spend on gas. But i would never stop driving my truck just because how much it cost. If i cant afford the fuel then i cant afford the truck.
Rezvani's Latest Post-Apocalytic Monster Is a Ford F-150 Raptor Underneath
Slideshow: Called the Fortress, the 850-horsepower pickup combines Raptor underpinnings with military-inspired features, survival equipment, and a starting price of $285,000.