Sharp Jump in US Gasoline Prices Seen Within Days

[longknife]

Published: Wednesday, 10 Jul 2013 By: Patti Domm, CNBC Executive News Editor

gasoline is expected to jump 10 to 20 cents per gallon in the next several days, as rising oil prices and peak driving season create a perfect storm for higher prices.

Industry experts say gasoline prices at the pump should follow the already higher prices in the spot wholesale market. The national average at the pump Wednesday was $3.50 per gallon for unleaded gasoline, up two cents from Tuesday's level, according to AAA's Fuel Gauge report.

More about this thrilling news @ Sharp Jump in US Gasoline Prices Seen Within Days

 

[RGR]

Thank GOD!! We've got to keep the transition to EV going, and how is that supposed to happen if prices start trending lower for any length of time!

 

[OnePercenter]

It's the summer.....stupid

Gasoline prices go up during the summer.....stupid

Let's make commodity traders take delivery of their commodity and end the stupid.

 

[mike.redd1266]

It's a joke how the price/gallon of gasoline is manipulated every holiday weekend or like now during summer time. Is there any relief to come?

 

[RGR]

It's a joke how the price/gallon of gasoline is manipulated every holiday weekend or like now during summer time. Is there any relief to come?

But of course! When you go to trade in or sell one car to buy another, choose one which allows you to pay little or no attention to the current extortion rates posted at the local "contribute your hard earned money to foreigners" station.

 

[OnePercenter]

It's a joke how the price/gallon of gasoline is manipulated every holiday weekend or like now during summer time. Is there any relief to come?

Make commodity traders take delivery of their commodity.

 

[Old Rocks]

There are an increasing number of manufacturers offering EV's now. As the batteries improve, the range will approach 300 miles even for the low end, like the Leaf and Focus. For cars at the top end, like the Tesla S and X, you will see a range of 1000 miles available as an option.

At those numbers, the EV is competative for long range trips as well as urban use.

 

[Old Rocks]

It's a joke how the price/gallon of gasoline is manipulated every holiday weekend or like now during summer time. Is there any relief to come?

Not a joke at all. It is called supply and demand. And the US sells a great deal of refined petroleum products, particularly gasoline and diesel, on the overseas market, so you are not only competeing for the gasoline with the people on the other coast of this nation, but also with consumers in Mexico, China, and Europe. In summer, the demand goes up, the price goes up.

 

[Old Rocks]

100% Electric Cars Outselling Plug-in Hybrid Electric Cars In US (2013) | CleanTechnica


From January through June of this year, the combination of 9,839 Nissan Leafs, 882 Mitsubishi i-MiEVs, and approximately 9,400 Tesla Model S cars (plus 1,700-odd compliance cars and others) exceeds the total of 18,335 plug-in hybrids and Chevrolet Volt range-extended electric cars.

Slightly different six-month sales totals from the Electric Drive Transportation Association tell the same story.

EDTA reports 22,712 battery-electric cars (we presume they use different estimates for the monthly sales that Tesla doesn’t report) against the same 18,335 plug-in hybrids and range-extended electrics that we tallied.

Tesla has been responsible for a good portion of those 100% EV sales. Surely, the great range of the Model S has been a part of that, as well as the car winning just about every car award imaginable and being regarded by Consumer Reports as the best car its team has ever tested.

However, I think the fact that over 12,000 fully electric vehicles (including almost 10,000 Nissan Leafs) were also sold shows that so-called “range anxiety” is not a concern for many people. I’ve written many times that range anxiety is overhyped. The average American doesn’t need anything beyond the range of a typical electric car over 97% of the time, literally. Combine that with the fact that EV owners don’t have to go to gas stations — can simply plug in when they get home — and it’s clear that owning an EV isn’t less convenient but actually more convenient than owning a gasmobile!






With the price of the Nissan Leaf now below $30,000 before tax credits and potentially below $20,000 after tax credits (thanks to production moving to the US earlier this year), it can save many drivers money almost from Day 1 (but that sort of depends on what you’d buy otherwise and how much you drive). With the added benefit that it is much greener — helping to protect our plant, ourselves, and our children from global warming and air and water pollution — and reduces our country’s addiction to oil from unfriendly foreign countries, it’s a wonder why most people looking for a car in this class aren’t buying Nissan Leafs. But it’s good to see that people are certainly beginning to catch on.

As for the higher class in which the Model S competes, the car is even outselling competing gasmobiles from Mercedes, BMW, and Audi… which isn’t really surprising at all, given that it is considered by many experts to be the best “mass-production” car in the world. It has so many benefits that we’d need to write another long article to expound on all those.

Read more at 100% Electric Cars Outselling Plug-in Hybrid Electric Cars In US (2013) | CleanTechnica

 

[FireFly]

There are an increasing number of manufacturers offering EV's now. As the batteries improve, the range will approach 300 miles even for the low end, like the Leaf and Focus. For cars at the top end, like the Tesla S and X, you will see a range of 1000 miles available as an option.

At those numbers, the EV is competative for long range trips as well as urban use.

300 miles is good enough. 1000 miles is far to much battery weight & cost to haul around.

 

[OnePercenter]

It's a joke how the price/gallon of gasoline is manipulated every holiday weekend or like now during summer time. Is there any relief to come?

Not a joke at all. It is called supply and demand. And the US sells a great deal of refined petroleum products, particularly gasoline and diesel, on the overseas market, so you are not only competeing for the gasoline with the people on the other coast of this nation, but also with consumers in Mexico, China, and Europe. In summer, the demand goes up, the price goes up.

NO it's not! There is no supply and demand. Price is set in the commodities market. Traders have the opportunity to make more money. FYI, there is no gasoline or oil shortage.

Make commodity traders take delivery of their commodity and the stupid will end.

 

[OnePercenter]

There are an increasing number of manufacturers offering EV's now. As the batteries improve, the range will approach 300 miles even for the low end, like the Leaf and Focus. For cars at the top end, like the Tesla S and X, you will see a range of 1000 miles available as an option.

At those numbers, the EV is competative for long range trips as well as urban use.

300 miles is good enough. 1000 miles is far to much battery weight & cost to haul around.

Keep in mind that my first mobile phone was in the car. Then the briefcase. Then the back pack phone. Then the flip phone which barely fit in my pocket. Give it a few years.

 

[Old Rocks]

There are an increasing number of manufacturers offering EV's now. As the batteries improve, the range will approach 300 miles even for the low end, like the Leaf and Focus. For cars at the top end, like the Tesla S and X, you will see a range of 1000 miles available as an option.

At those numbers, the EV is competative for long range trips as well as urban use.

300 miles is good enough. 1000 miles is far to much battery weight & cost to haul around.

New all-solid sulfur-based battery outperforms lithium-ion technology

The new ionically-conductive cathode enabled the ORNL battery to maintain a capacity of 1200 milliamp-hours (mAh) per gram after 300 charge-discharge cycles at 60 degrees Celsius. For comparison, a traditional lithium-ion battery cathode has an average capacity between 140-170 mAh/g. Because lithium-sulfur batteries deliver about half the voltage of lithium-ion versions, this eight-fold increase in capacity demonstrated in the ORNL battery cathode translates into four times the gravimetric energy density of lithium-ion technologies, explained Liang.

The team's all-solid design also increases battery safety by eliminating flammable liquid electrolytes that can react with lithium metal. Chief among the ORNL battery's other advantages is its use of elemental sulfur, a plentiful industrial byproduct of petroleum processing.


Read more at: New all-solid sulfur-based battery outperforms lithium-ion technology

This would be the same size and only a little heavier. And this is just one of the batteries that labs are working on right now. Of course, getting a lab product to a manufactured product is always a problem, but the potential reward for the company that does is really astronomical.

 

[jwoodie]

Electric cars are wonderful specific usage vehicles, but it will be a long time before they can replace large vehicles like trucks and SUVs. One of the greatest impediments to greater usage of EVs is that many people still need a larger car as well. The current tax/license/insurance structure makes it very costly to own two vehicles. We need to make it less costly to also own an EV for commuting and local driving.

 

[Mr. H.]

It's a joke how the price/gallon of gasoline is manipulated every holiday weekend or like now during summer time. Is there any relief to come?

Not a joke at all. It is called supply and demand. And the US sells a great deal of refined petroleum products, particularly gasoline and diesel, on the overseas market, so you are not only competeing for the gasoline with the people on the other coast of this nation, but also with consumers in Mexico, China, and Europe. In summer, the demand goes up, the price goes up.

Blame it on biofuels...

Klesse pinned much of the blame for high gasoline prices - which reached $3.99 a gallon for premium fuel on Thursday, according to AAA data - on the surging cost of Renewable Identification Numbers, or credits known as RINs.

Under a 2007 law mandating the growing use of biofuel in gasoline, refiners are required to collect enough RINs to prove they are meeting their requirement, which is equivalent to about 10 percent of their gasoline output this year. The secondary market for RINs has surged as refiners scramble to buy, fearing they won't be able to meet their blending targets next year.

But exported fuel is exempted from the requirement. At nearly $1.50 a gallon on Thursday, RINs add an estimated 15 cents a gallon to a refiner's cost on domestic sales.


Read more: Analysis: U.S. fuel export surge gives refiners surprise summer blockbuster | Fox Business

 

[Old Rocks]

Electric cars are wonderful specific usage vehicles, but it will be a long time before they can replace large vehicles like trucks and SUVs. One of the greatest impediments to greater usage of EVs is that many people still need a larger car as well. The current tax/license/insurance structure makes it very costly to own two vehicles. We need to make it less costly to also own an EV for commuting and local driving.

I really don't know anyone that I work with that has only one vehicle. Most have two, sometimes three. And a large van, say a Ford stretch van on a one ton frame, has a huge area underneath in which to carry the battery. Not only that, you would be replacing a large engine, a 460 gas or a big V-8 diesel and a large transmission, so the increase in weight would not really be a factor.

 

[OnePercenter]

Electric cars are wonderful specific usage vehicles, but it will be a long time before they can replace large vehicles like trucks and SUVs. One of the greatest impediments to greater usage of EVs is that many people still need a larger car as well. The current tax/license/insurance structure makes it very costly to own two vehicles. We need to make it less costly to also own an EV for commuting and local driving.

I own two Tesla's, and am an investor. Mine are specifically to get me from point A to B. Just like every other car I've ever owned. Plus, they go reallllllly fast!!!

What about the 2013 RAV4 EV

Or Tesla

 

[flacaltenn]

There are an increasing number of manufacturers offering EV's now. As the batteries improve, the range will approach 300 miles even for the low end, like the Leaf and Focus. For cars at the top end, like the Tesla S and X, you will see a range of 1000 miles available as an option.

At those numbers, the EV is competative for long range trips as well as urban use.

Yeah.. Then at 60mph on your roadtrip --- you can use up the equivalent of an hours worths of household electricity every 2.6 minutes.. EVERYBODY in the pool...

Even at $4 a gallon -- gas is cheaper than milk.. And it's cheaper in constant dollars than when you started driving...

 

[longknife]

There are an increasing number of manufacturers offering EV's now. As the batteries improve, the range will approach 300 miles even for the low end, like the Leaf and Focus. For cars at the top end, like the Tesla S and X, you will see a range of 1000 miles available as an option.

At those numbers, the EV is competative for long range trips as well as urban use.

I was stunned yesterday while driving to a nearby Jack 'n the Box for their great 2 for a dollar tacos when I saw a dinky little hybrid - have no idea the make. It had the sticker in the window - asking price $31,000!

Hell, my big Exterra cost less than that - and it's safer to drive with far more room.

 

[FactFinder]

Sharp Jump in US Gasoline Prices Seen Within Days


Greed mongers. Throw 'em in the pokey post haste.