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Why gas prices climbed 13 cents in a week, and look set to keep going

The Christian Science Monitor -- As summer heads into its last month, the price of a gallon of gasoline keeps rising and rising.

In the past week, nationally, the average price at the pump is up 13 cents, to $3.65 a gallon. That's 27 cents a gallon higher than it was a month ago. And by tomorrow, the price could be higher than it was a year ago – the first time that has happened since the end of April. In some states, a return to $4 a gallon is becoming a possibility.

What’s happening to cause the price to rise so quickly?

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Some of the rise is the result of bad breaks, say some energy analysts. A big refinery fire this week in California and a pipeline leak in the upper Midwest have hit at just the wrong time. In addition, the price of

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Submitted Aug 09, 2012 By: angel4me

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DanMtz Champion Author Oakland Posts:3,370 Points:1,246,350 Joined:Oct 2009	Message Posted: Aug 9, 2012 5:59:06 PM Ignore DanMtz Report Abuse Refinery monkey business is to blame here in CA.
kjSC Champion Author South Carolina Posts:3,377 Points:681,375 Joined:Apr 2011	Message Posted: Aug 9, 2012 3:43:01 PM Ignore kjSC Report Abuse Regular gas is up over 10% in the last couple of weeks.
JimL1 Champion Author Phoenix Posts:8,222 Points:1,243,395 Joined:Jul 2003	Message Posted: Aug 9, 2012 2:01:28 PM Ignore JimL1 Report Abuse What a Crock! Regular is still available for $3.09 per gallon here, though the fools here support increasing the average by paying as much as $3.51 for one gallon of the same product. If you want lower prices, stop buying at the more expensive stations. If you are willing to pay it they are willing to charge it. DUH
GOBUTLER Champion Author Indianapolis Posts:1,425 Points:391,035 Joined:Dec 2011	Message Posted: Aug 9, 2012 1:22:39 PM Ignore GOBUTLER Report Abuse Ok
KrsnaDragon Champion Author Montreal Posts:2,427 Points:534,550 Joined:Nov 2011	Message Posted: Aug 9, 2012 11:59:30 AM Ignore KrsnaDragon Report Abuse More refinery fires..?
bwatchingu Champion Author Arkansas Posts:1,755 Points:604,445 Joined:Jan 2009	Message Posted: Aug 9, 2012 11:54:21 AM Ignore bwatchingu Report Abuse Tired of excuses.Or lies?
bluebird1 Champion Author Toronto Posts:15,750 Points:3,111,050 Joined:May 2004	Message Posted: Aug 9, 2012 11:48:43 AM Ignore bluebird1 Report Abuse Funny speculators were hardly mentioned....ie. anyone really think European economy(s) are fixed & consumption will go up??? Only speculators do & want profits first even before it appears it might happen. As for prices in US, we're now about $6.04/gal Cdn with last nights increase of over 2 c/L ie 9 c/gal Cdn (yes one day) & up about 20c/gal in lst week.
5kvdave All-Star Author Los Angeles Posts:688 Points:350,000 Joined:May 2011	Message Posted: Aug 9, 2012 11:24:26 AM Ignore 5kvdave Report Abuse WHATEVER!!!!!!
nickatnite Veteran Author Indianapolis Posts:370 Points:280,965 Joined:May 2012	Message Posted: Aug 9, 2012 10:30:31 AM Ignore nickatnite Report Abuse Yay.
19sheldon43 Champion Author Los Angeles Posts:3,979 Points:843,010 Joined:Jul 2009	Message Posted: Aug 9, 2012 10:18:23 AM Ignore 19sheldon43 Report Abuse Another reason, they didn't list. Simply, BECAUSE THEY CAN!!
2granny Champion Author Michigan Posts:9,590 Points:1,469,180 Joined:Apr 2009	Message Posted: Aug 9, 2012 10:17:52 AM Ignore 2granny Report Abuse Our gas prices were rising before the refinery problems.
GoLancer4 Champion Author Ohio Posts:1,787 Points:441,615 Joined:Sep 2011	Message Posted: Aug 9, 2012 10:14:14 AM Ignore GoLancer4 Report Abuse cant stop em
tomok Champion Author Portland Posts:33,090 Points:2,348,435 Joined:Aug 2006	Message Posted: Aug 9, 2012 10:08:00 AM Ignore tomok Report Abuse Because They Can! Big Oil will raise fuel prices if they want to or have a refinery undergo 'unplanned maintenance' when they want to. There is nothing you can do, Big oil will maintain its profits without regard to your well being or your possible economic problems. The trend is always up with fuel prices. The price at the pump needs to go down to $2/gallon, $3 to $3.50/gallon is Not the new low! With 'coming out of the closet' Barry's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, who can afford to buy fuel and the vehicle to use it! Barry can spin the jobs numbers so they look much better than what they really are, he's a smooooth talker if there ever was one! Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost. The price of fuel at the pump is too high! 12/22/2012
AriesMMD Champion Author Sacramento Posts:1,496 Points:414,690 Joined:Dec 2011	Message Posted: Aug 9, 2012 9:58:31 AM Ignore AriesMMD Report Abuse Bitch and moan all you want, it won't change a damn thing. Less of a supply the more competition for that commodity. Life bites, yes, get over it and grow up!!!
svspyda Champion Author San Jose Posts:1,678 Points:340,935 Joined:May 2012	Message Posted: Aug 9, 2012 9:48:02 AM Ignore svspyda Report Abuse if my car is repaired i will hv to spend money and will not put the burden on my customers.. if refineries hv fire problem they have to dealt with. They always search for reason to raise price..
OOXXFF Champion Author Greensboro Posts:3,078 Points:1,082,330 Joined:Sep 2009	Message Posted: Aug 9, 2012 9:45:39 AM Ignore OOXXFF Report Abuse And the oil companies keep making record profits.
PithyOpiner Champion Author Stockton Posts:16,220 Points:1,599,495 Joined:Jun 2008	Message Posted: Aug 9, 2012 9:44:44 AM Ignore PithyOpiner Report Abuse Don't worry 'bout it. They'll come back down right after Labor Day.
Digger52 Champion Author Chicago Posts:2,422 Points:851,860 Joined:Aug 2008	Message Posted: Aug 9, 2012 9:42:44 AM Ignore Digger52 Report Abuse More like 13 cents overnight. . . .
s4popo Veteran Author Miami Posts:383 Points:350,025 Joined:Jan 2011	Message Posted: Aug 9, 2012 9:38:03 AM Ignore s4popo Report Abuse it's simple... speculation. the price of oil has been running on par with the stock market.
toneOH All-Star Author Ohio Posts:551 Points:32,195 Joined:May 2011	Message Posted: Aug 9, 2012 9:37:10 AM Ignore toneOH Report Abuse walking is good for all
dieselme2011 Champion Author Vancouver Posts:2,615 Points:606,740 Joined:Mar 2011	Message Posted: Aug 9, 2012 9:36:05 AM Ignore dieselme2011 Report Abuse It's been good for my health I walk more and drive less.
bbthegun Champion Author San Diego Posts:5,983 Points:1,683,440 Joined:Sep 2006	Message Posted: Aug 9, 2012 9:35:50 AM Ignore bbthegun Report Abuse It jumped because of a refinery fire in the Bay Area.
babyjudy Champion Author Tucson Posts:2,746 Points:564,660 Joined:Sep 2011	Message Posted: Aug 9, 2012 9:34:41 AM Ignore babyjudy Report Abuse ...and so it goes...
ted4636 Champion Author Cleveland Posts:3,501 Points:1,640,585 Joined:Jun 2007	Message Posted: Aug 9, 2012 9:32:39 AM Ignore ted4636 Report Abuse $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
robaloma Champion Author Houston Posts:2,616 Points:694,550 Joined:Feb 2011	Message Posted: Aug 9, 2012 9:29:52 AM Ignore robaloma Report Abuse ok. When he says top 1%, he is not talking about just the United States, He is talking about the entire world. Most of the people in the United States fall in the top 1%. He wants to tax the entire population to bring the US down. "Taxing the rich" in his mind means taxing everyone that lives here. We are in for some trouble.
Topshopper2011 Champion Author New Jersey Posts:1,017 Points:278,295 Joined:Aug 2011	Message Posted: Aug 9, 2012 9:29:38 AM Ignore Topshopper2011 Report Abuse Bogus excuses! I cut down my driving!
PK33 Champion Author Ann Arbor Posts:1,454 Points:499,995 Joined:May 2011	Message Posted: Aug 9, 2012 9:29:24 AM Ignore PK33 Report Abuse Corporate profits were down in July, so they stick it to the consumers in August to make sure the CEO's get their big bonuses
JWHITE1937 Champion Author Massachusetts Posts:2,539 Points:999,930 Joined:Aug 2006	Message Posted: Aug 9, 2012 9:27:51 AM Ignore JWHITE1937 Report Abuse Price goes up because we keep buying gas!!
INBwana Champion Author Indiana Posts:5,486 Points:698,910 Joined:Apr 2011	Message Posted: Aug 9, 2012 9:27:28 AM Ignore INBwana Report Abuse .13 Cents? How about +.30 Cents here! More BS lies....
Car54BC08 Champion Author British Columbia Posts:4,269 Points:1,513,265 Joined:Jun 2008	Message Posted: Aug 9, 2012 9:26:51 AM Ignore Car54BC08 Report Abuse Gas will just continue to rise. Time to get an alternate fueled vehicle
dougtaylor1 Champion Author Phoenix Posts:1,766 Points:450,250 Joined:Jun 2011	Message Posted: Aug 9, 2012 9:26:50 AM Ignore dougtaylor1 Report Abuse If the Christian Science Monitor can report like this, why do we need diots in the Energy Information Administration. Get rid of the DOE.
BCM1 Champion Author Pennsylvania Posts:1,864 Points:782,995 Joined:Jun 2007	Message Posted: Aug 9, 2012 9:23:12 AM Ignore BCM1 Report Abuse The price rose 20 cents before the fire in California. So, that is just BS. The speculators are driving the price sky high.
nanu4u21 Champion Author Orange County Posts:1,118 Points:241,710 Joined:Aug 2012	Message Posted: Aug 9, 2012 9:20:20 AM Ignore nanu4u21 Report Abuse No Wonder where Obama and Romney got the billions from to sponsor their campaign... some one has to repay them who better than the simple common man...
BudsterMO Champion Author Kansas City Posts:3,725 Points:706,855 Joined:Aug 2009	Message Posted: Aug 9, 2012 9:18:39 AM Ignore BudsterMO Report Abuse Goldman Sachs needs more money to pay their long futures contracts. Stop Oil Speculation (SOS) NOW!
LCSTEELERBOB Champion Author Gary Posts:2,961 Points:720,130 Joined:Oct 2008	Message Posted: Aug 9, 2012 9:18:13 AM Ignore LCSTEELERBOB Report Abuse ALL THIS IS JUST BULLCRAP.
chyguy3 Champion Author Wyoming Posts:2,855 Points:859,990 Joined:Sep 2006	Message Posted: Aug 9, 2012 9:17:48 AM Ignore chyguy3 Report Abuse Ain't no relief in sight, is there?
DaisysMomNC All-Star Author North Carolina Posts:959 Points:200,850 Joined:Jan 2012	Message Posted: Aug 9, 2012 9:16:59 AM Ignore DaisysMomNC Report Abuse sick of all the lame exuses!!
blah2blah3 Champion Author Houston Posts:2,621 Points:604,645 Joined:May 2011	Message Posted: Aug 9, 2012 9:16:23 AM Ignore blah2blah3 Report Abuse seriously whomsoever doesn't know bthe reason by now, then i do not know what to say. Ridiculous !!!
bicycler Champion Author Ontario Posts:14,815 Points:2,598,445 Joined:May 2005	Message Posted: Aug 9, 2012 9:15:38 AM Ignore bicycler Report Abuse Actually the CEO of two of the highest 'oilbaron' companies got a pimple on their rear ends at the same time.They used the telephone to discuss any suitable remedies . After a lengthy conversation it was agreed that they would raise the price of gas as a poultice and obtain enough cash for extra pillows to be placed on their already comfortable chairs. Solution found!
Tucker1961 Champion Author Seattle Posts:2,157 Points:363,170 Joined:Jun 2009	Message Posted: Aug 9, 2012 9:15:30 AM Ignore Tucker1961 Report Abuse sure
pricechecker08 Champion Author Ohio Posts:7,891 Points:1,703,625 Joined:Jan 2008	Message Posted: Aug 9, 2012 9:14:31 AM Ignore pricechecker08 Report Abuse They say they can,t produce fast enough now, so let them explain why other refiniers has been shut down over the last few years.
BeaconLite Champion Author Ottawa Posts:1,958 Points:373,175 Joined:Sep 2009	Message Posted: Aug 9, 2012 9:13:21 AM Ignore BeaconLite Report Abuse In my home town of Ottawa, Ontario, Canada, the price per litre was down to 121.00 from 127.0. This morning it's up to 129.00 THERE IS NO EXCUSE!!
q2 Champion Author Alberta Posts:2,049 Points:383,020 Joined:Nov 2008	Message Posted: Aug 9, 2012 9:13:16 AM Ignore q2 Report Abuse With greed any excuse is justified.
Cheepo Champion Author Tampa Posts:9,889 Points:3,128,005 Joined:Apr 2003	Message Posted: Aug 9, 2012 9:12:18 AM Ignore Cheepo Report Abuse Drill baby drill and have one type of gas for the whole country, that will drastically reduce prices!!!!!!!!
mindrisa Veteran Author Denver Posts:380 Points:134,830 Joined:Feb 2012	Message Posted: Aug 9, 2012 9:11:41 AM Ignore mindrisa Report Abuse ok
grammamNV Champion Author Nevada Posts:2,335 Points:372,425 Joined:Mar 2011	Message Posted: Aug 9, 2012 9:10:33 AM Ignore grammamNV Report Abuse Isn't Keystone and "OIL" pipeline? This article refers to it as a "NATURAL GAS" pipeline - ???
gonzohb Champion Author Los Angeles Posts:1,143 Points:998,195 Joined:Aug 2008	Message Posted: Aug 9, 2012 9:10:24 AM Ignore gonzohb Report Abuse It is already above 4 bucks a gallon here and rising!
eschroth442 Champion Author Cleveland Posts:1,094 Points:335,670 Joined:Nov 2011	Message Posted: Aug 9, 2012 9:10:17 AM Ignore eschroth442 Report Abuse Here is Wall Street messing with my wallet.
ramgas Champion Author Texas Posts:2,170 Points:1,303,080 Joined:Jan 2005	Message Posted: Aug 9, 2012 9:09:28 AM Ignore ramgas Report Abuse Bet the oil speculators are laughing all the way to the bank.
gibby01 Rookie Author Michigan Posts:15 Points:5,130 Joined:Jul 2012	Message Posted: Aug 9, 2012 9:07:53 AM Ignore gibby01 Report Abuse gas prices went up simply because the oil companies are greedy and want, want want