Impact: U.S. gas price may rise because of Japan earthquake!

Impact: U.S. gas price may rise because of Japan earthquake!
Even if the price of crude oil fell after last week’s earthquake in Japan, the final price may rise as refineries here try to make up for some of the losses to Japan’s refining capacity.

That damage and Japan’s shattered economy are reducing the need for oil in that country - a chief reason oil prices remained stable Monday, analysts said. But, there is a but - the loss of power from shutdown nuclear power plants will have to be made up eventually with more oil.
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LexusLexus - 3/15/2011 11:16:35 AM
+6 Boost
More media B.S. so that they suck the blood of harding U.S. citizens at the gas pump. Gas company are making record profit every freaking quarter or year.


LexusLexus - 3/15/2011 2:30:01 PM
+5 Boost
Please think before you type or open your mouth. Higher gas price hurt everyone in one way or another. If they raise gas at the pump, the deliver truck will charge the super markets more money and in turn the market raise prices of their foods.

And in turn less money for consumer to have to spend and put money back into the already broken and weak economy. Keep it up and eventually we will Not even have money to purchase cheap products from China.


truckmantruckman - 3/15/2011 3:38:26 PM
+4 Boost
That is a very short sighted thought to raise the price of gas, what it will do is hurt the poor and middle class, if you are rich you could care less, and when I say rich I mean you pull in over $200,000. plus a year, those people wouldn't feel it if it doubled.


veyron1001veyron1001 - 3/15/2011 1:18:38 PM
+3 Boost
Bullshit

1. Canada
2. Mexico
3. Saudi Arabia
4. Venezuela
5. Nigeria
6. Angola
7. Iraq
8. Algeria
9. United Kingdom
10. Brazil

As you can see only two suppliers touch the Pacific and it wasnt affected at all.


ShredmoShredmo - 3/15/2011 3:24:16 PM
+1 Boost
I wonder if people here even read the articles before posting.


OBSERVER1984OBSERVER1984 - 3/15/2011 4:54:26 PM
-2 Boost
The average gas price in Europe is just over $8 per us gallon. So you think the us gas prices are high!?!?! Really?


veyron1001veyron1001 - 3/15/2011 6:09:26 PM
+2 Boost
Half of it is government taxes
4$
roughly divide by 1.3
Just over 3$ a gallon
Quit being a vagina and vote for lower taxes on fuel.



theoptimisticpessimisttheoptimisticpessimist - 3/15/2011 6:11:18 PM
+2 Boost
Any excuse oil traders see to raise commodities prices, that inefficient profit at the exspene of the consumer market is going to take it.


lexusrox123lexusrox123 - 3/15/2011 8:21:06 PM
+1 Boost
You'd think it would be a non sequitur... By the way, the US has more oil in the Bakken Formation (in Great Plains region) than all of the Middle East combined. And we still allow ourselves to be dependent on our enemies' oil? It's ridiculous. High gas prices during a recession = slow to no recovery. It's like if you're sick, and you need medication to survive. Except you can control the price of your medication. Instead of setting your prices low, you set them artificially high to somehow 'wean' yourself off of them.



LexusLexus - 3/15/2011 10:37:51 PM
+3 Boost
@truckman,

in California, you need to make at least $300,000+ to be consider upper class. If you're making $250,00 - $300,000 a year you're an upper middle class in this Gold Digger County, I mean California. Because what you don't realize is that people in this bracket get tax the sh$$ out of them.


LexusLexus - 3/16/2011 12:09:26 AM
+3 Boost
correction,

it's "if you're making $250,000 - $300,000+ Not if you're making $250,00 - $300,000+


truckmantruckman - 3/17/2011 1:58:00 PM
+1 Boost
Thanks for the correction, I am barely middle class, My family business is closing, so I will be a full time artist, maybe I will make more?


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