Gas Prices

Oil Is Plentiful, Demand Weak. Why Are Gas Prices Going Up?

Drivers have faced rising prices at the gas pump in recent months, as investors and oil-producing countries hoard supplies in anticipation of a global economic recovery later this year…

If the U.S. and other major industrial economies rebound, oil supplies could be depleted because the recession has prompted producer nations to freeze hundreds of projects to open new oil wells or upgrade existing ones.

Regular unleaded was $2.759 at Murdoc’s local station this morning.

Here’s Gas Buddy’s temperature map:

U.S. Gasoline Prices as of 05/29/2009

U.S. Gasoline Prices as of 05/29/2009


  1. Can’t help but notice MI, (along with the rest of the rust belt)with one of the worst economic situations in the country is up there at the top of the gas price heap too!

    We need our own refineries!

  2. Delineations that clean at the state lines tells me one thing: the main difference between gas prices within the US has nothing to do with location and everything to do with taxes.

  3. Exactly. I’ve posted on that before. This particular map seems even more clearly broken than most I’ve posted, though.

  4. “What Michigan needs are cars that run on bitterness and hopelessness.”

    I was about to make a snarky comment about Michigan needing cars to run on rust. Then I remembered that powdered metals were actually considered as an alternative fuel for autos.

  5. The tax delta is OK with me. That is the whole point of federalism. Let local governments make their own decisions. As long as we have freedom of movement, people can settle in areas to their liking.

    However, local taxes won’t have anything to do with oil creeping back to $65 to $70 per barrel. The feds have been lucky that oil fell so much during this economic downturn. But if it starts to rise again, that could really put a pinch into things. If they think consumers aren’t spending now, just wait until oil hits $100.

    Maybe this is good. It might throttle back some of dear leader’s spending.

  6. If you look at Northern Maine, you’ll see a BIG jump in price. That’s because there’s very few people who live up there, and it’s hard as hell to get petroleum and other products into that area.

    Seriously, the upper third of the state is almost entirely private land owned by the logging companies. The roads are also almost all privately owned, and non-company vehicles are required to give right of way to all company-owned ones.

    To add salt to the wounds, the retards who run the Maine Legislature are about to pass another gas tax of 11 cents per gallon, which will then add to our economic problems. A nickle here, a dome there.

    Oh, yeah… those same retards are also trying to put in a dime per bag tax on ALL plastic bags, including, I kid you not, zip loc bags, etc. They forced us to stop using paper bags because it “killed the trees”. Now they are pissed that we’re awash at the landfills in plastic bags. Frikkin’ moron eco-warriors.

    A THIRD or MORE of Maine is covered with trees and forest. We have more forest now than we had at the time of the Civil War. Trees are a renewable resource. Cut on, plant one. Works well.

    Why we can’t gp back to paper bags is beyond me, but this state is king of the welfare models, and the gray-sucking welfare folks ain’t about to trim their free lunch.

    When I have enough money saved up, me and the kids are outta here. We’re headed to Texas!

  7. After the Dem’s Crap and Trade plans hit us, you might have to use some new colors on that map. Can you even imagine what planned energy price hikes will do to our economy?

  8. This is due to the speculators on oil doing just what they did last year. They artificially run up the price of oil, based on nothing solid at all, by guessing how much oil there will be at some undetermined date in the future. The oil companies then look at those bullshit figures, and jack up gas prices. Then, when everyone is ready to kill some speculators and oil barons, they back off the fictitious availability figures, and big oil drops the price of oil but never quite back to where it was before. Track it. I have been. Look at what we pay for gas when oil is XX dollars per barrel, then look at what we pay for gas the next time it is that price per barrel, and you will see that each time it is more expensive for no valid reason. Other than greed and gouging.

    Someone call Hopey Changey and get him right on that.

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