Oil Prices Surge 8% After Long Slide Down- Ny Times 1/31/2014

[BlioKart]

Gas prices will go back up. If oil stays low then taxes will be heaped on the gas you use. But either way gas price will go back up.

Correct

 

[Edward]

My local gas station is in an on-again, off-again price war with the place across the street. I see 20 cent price swings every week. o_O

 

[JEBar]

gasoline at the local Kroger has jumped 24 cents a gallon overnight .... $1.909 to 2.149

 

[Johnny Acree]

AAA says gas prices typically begin their annual rise in February because of refinery maintenance and decreased production. Nationwide, the average cost for gas could rise by at least 30 cents through spring.

 

[John Painter]

AAA says gas prices typically begin their annual rise in February because of refinery maintenance and decreased production. Nationwide, the average cost for gas could rise by at least 30 cents through spring.

Right now there's a lot going on with crude because of a worldwide glut, and recognition of a steep drop in the number of North American oil rigs. Commodities suck (I mean that philosophically I get they're important to markets and economies) there's so much that can be manipulated, even the weather is a derivative, does anyone remember Enron when they wanted to comoditize spare internet capacity?

 

[Jim H]

Gas here in Las Cruces jumped 27 cents per gallon in two days. Knew it wouldn't last long, it never has.

 

[BlioKart]

Gas has shot up like 10 cents for me so far but I am sure that will change soon enough

 

[Bert]

It jumped 10 to 15 cents here, depending on where you buy it.

 

[Ty]

... and it dropped 9% yesterday...

http://www.foxbusiness.com/markets/2015/02/04/oil-gives-back-prior-session-gains/

 

[WilliamH]

Keep in mind that the oil industry is also having labor problems.
Strikes in Texas, California, and I think Tennessee.