Volatile gasoline market could hide p...

Volatile gasoline market could hide price effect of switch to summer blend

There are 3 comments on the York Dispatch story from Mar 13, 2011, titled Volatile gasoline market could hide price effect of switch to summer blend. In it, York Dispatch reports that:

York College senior Chris Hunt is feeling the pinch of escalating gas prices. Each day requires him to commute from his Dover home to York College, then travel to work in East York before heading back home; only to repeat the same cycle the each week day, said Hunt, 22.

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Slave to Big Oil

Red Lion, PA

#1 Mar 14, 2011
We are slaves controlled by big oil. They own united states. If you don't believe me, look at the top ten that the united states owes money to. You will be sick to your stomach when you see who they are.
taxpayer

Jarrettsville, MD

#2 Mar 14, 2011
We are a slave to big oil, but they are not directly responsible for the price of a barrel of oil, although they do put barriers against any solutions to alternative energy. No, the price is set by the same people who helped cause the financial crisis-- the financial markets i.e. the commodity market. The price is not based on supply and demand, but "concerns"--anything can be the basis for a "concern", hangnails, indigestion of the Saudi Oil Minister, etc., and now we already hear about Japan causing a "price surge" because of "concerns" they eventually will need more oil. The hedge funds (who should not be trading commodities), and other groups who are in the market just to make a profit, are not concerned that boosting the price may harm the economy, but will certainly hurt the working class. No, it is all about how much money they can make. The speculate/gamble, put we pay for it. I am sure we will not read this in our newspaper, but instead will have quotes from Tim Rutter and Shipley Humble about the usual excuses -China and India. Heaven forbid they would tell the real story. It could be stopped, but do not expect the government from doing anything--they all get money form the players in the market!! A headline on web article at CNBC.com tells it all "Oil Price Surge Gets Push From Record High Speculation". Check it out:http://www.cnbc.com/id/419 71367. Also, oil stockpiles are up, and gasoline stockpiles are down slightly, but are refineries running at capacity??? It is all about profit, and less about supply and demand.
On the money

York, PA

#3 Mar 14, 2011
Exactly, but you're gonna' have to break it down into second grade terminology for most readers of your post to understand! If you don't believe me, read the following posts...their theories will be fun reading.

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