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Pedal to the metal: gas prices race higher

GasBuddy Blog -- The race is on. The U.S. and Canadian averages continue to put distance on last year's prices, and the race isn't even over. Prices across both countries continue to spike, with the national average in the U.S. rising to $3.71/gal at this moment (up nearly 20c/gal in the last year), while prices in chilly Canada rise to an average of 127.7c/L, up 3.3c/L over the same date last year.

2013's breakneck pace is certainly causing me to sweat. What the heck is going on? The Middle East certainly is a bit more chill this year than last, no refineries on the West Coast have spontaneously combusted (knock on wood), and the Keystone XL pipeline still hasn't been approved. In addition, oil supply is more than plentiful, rising 10% over last...


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Submitted Feb 19, 2013 By: PD
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priver
All-Star Author Alberta

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Message Posted: May 3, 2013 9:15:19 AM

going to happen
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driveonby1
Champion Author Toledo

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Message Posted: May 3, 2013 8:55:31 AM

It's breaking my neck, this pace.
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theawesome1
Champion Author Cleveland

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Message Posted: May 3, 2013 7:26:53 AM

Obama wants his brothers to get richer from us.
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theawesome1
Champion Author Cleveland

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Message Posted: May 3, 2013 7:26:08 AM

With my hybrid & the EV (electric vehicle) when I am driving HWY at 60. I have flying cars doing 70+ and I shake my head at their wallets.
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heydano67
Champion Author California

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Message Posted: May 3, 2013 2:13:09 AM

say it ain't so
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vulcan96
Champion Author Ohio

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Message Posted: May 3, 2013 1:48:17 AM

excessive greed
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smugutu1234
Champion Author Tallahassee

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Message Posted: May 1, 2013 8:37:09 AM

Great
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Gas4Gore
Champion Author Detroit

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Message Posted: Mar 4, 2013 11:05:45 PM

Oh no
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pricewar
Champion Author Ogden

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Message Posted: Mar 1, 2013 3:31:58 AM

Well there you have it....the speculators are the market. Meaning they have control of the gas price
Which also means the value of gas is artificially over priced. Obama administration is letting them have a field day
With this; since Obama wants us off oil products.
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Sherri0622
Rookie Author Arkansas

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Message Posted: Feb 25, 2013 1:16:51 AM

The people this will affect most are the ones who can afford it least! As usual.
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gdale6
Rookie Author Boise

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Joined:Jun 2009
Message Posted: Feb 24, 2013 4:35:50 PM

Quit driving, stay at home no one works until the prices plummet (it would take 3-4 days) If a recession is the result that would be welcome news for all prices. No one has to continue the same old it is up to you to change it so do it.
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HamRadioN4SMB
Rookie Author North Carolina

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Points:23,715
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Message Posted: Feb 23, 2013 5:57:23 PM

Our current president & federal gov't agencies HATE oil. They want oil & gasoiline prices to be as high as possible to FORCE Americans into electric cars (and other dumb solar & wind-powered projects.)
Our freedom & the free market is being manipulated & destroyed by the president and various gov't agencies.
Funny thing...people I know who are among Obama's biggest supporters are now the ones complaining the loudest about high gasoline prices!
I enjoy laughing at them and telling them: "You reap what you sow...you did this to yourself when you voted for that IDIOT ... so shut up and quit complaining."
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Tommyguns45
Champion Author Illinois

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Message Posted: Feb 21, 2013 9:13:36 AM

A refinery shut down here in the US. That will make prices raise to where they want them.
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brbaritone
Champion Author Virginia

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Message Posted: Feb 21, 2013 7:22:31 AM

Thanks, PD. Yes, we all knew that, but it's good to see a CFTC Commissioner stating this in public. I hope the CFTC has the power to do something about it. If you see any more of this type of thing, please post if for us.
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Close1out
Rookie Author Washington DC

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Message Posted: Feb 20, 2013 7:23:07 PM

need to shop for grocery to get cheap gas
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Close1out
Rookie Author Washington DC

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Message Posted: Feb 20, 2013 7:23:03 PM

need to shop for grocery to get cheap gas
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mrcleanz1
Rookie Author Virginia

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Message Posted: Feb 20, 2013 5:52:31 PM

Oil & Gas prices are being driven not by the amount of oil or the number of refinerys. The word is SPECULATION! Two things can be done to stop this.

1. make it illegal to buy Oil or gas products unless the buyer actually takes physical possession.

2. Stop allowing american oil or gasoline to be exported unless inventories are kept within 3% maximum.

These 2 things would knock off .50 to .75 per gal.

Wake Up America!!!!

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slowtrain
Champion Author Georgia

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Message Posted: Feb 20, 2013 5:46:00 PM

Yesterdays news.
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SUV2009
Champion Author Orlando

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Message Posted: Feb 20, 2013 5:37:26 PM

When will the fun stop!
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briinnc
Champion Author North Carolina

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Message Posted: Feb 20, 2013 5:03:37 PM

Every day.
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toxigas
Champion Author Oakland

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Message Posted: Feb 20, 2013 4:22:48 PM

"...the price discovery process in crude oil..."

In Las Vegas a similar process is called "gambling".
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sjhman
Veteran Author Atlanta

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Message Posted: Feb 20, 2013 4:16:50 PM

Slow the pedal
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RCMOM
Rookie Author Florida

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Message Posted: Feb 20, 2013 4:16:22 PM

The gas prices R insane !! WTH ???
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srchr
Champion Author San Jose

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Message Posted: Feb 20, 2013 4:13:00 PM

need more refineries; good luck
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joezIN
Champion Author Gary

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Message Posted: Feb 20, 2013 4:12:39 PM

ok
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DMG86
Sophomore Author Dallas

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Message Posted: Feb 20, 2013 4:10:19 PM

Wish DFW had better public transportation!
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BeaconLite
Champion Author Ottawa

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Message Posted: Feb 20, 2013 4:07:33 PM

Prices keep going up for NO reason what so ever.
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NightRider
Champion Author Dallas

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Message Posted: Feb 20, 2013 4:03:44 PM

OK.............................

http://nextnewsnetwork.com/



[Edited by: NightRider at 2/20/2013 4:05:14 PM EST]
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jaccks
Champion Author Kansas

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Message Posted: Feb 20, 2013 4:03:30 PM

gonna stay home more
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flsharktooth
Champion Author Jacksonville

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Message Posted: Feb 20, 2013 4:03:27 PM

twenty cent increase in 2 days
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GatorGuy
Champion Author Columbia

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Message Posted: Feb 20, 2013 4:00:44 PM

Somebody hit the brakes!!
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Bigoilscamsus20
Veteran Author Detroit

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Message Posted: Feb 20, 2013 3:58:19 PM

ExxonMobil had a net profit of 44.8 billion dollars on a gross income of over 500 billion dollars in 2012! With gas prices near $4.00 per gallon in many states , ExxonMobil will make more than 50 billion dollars on a gross income of nearly 600 billion dollars in 2013! When Big Oil was tempered by the ernment , these type of figures were more reasonable and the American public had fuel prices that were reasonable! Today , with no controls on the pricing mechanism , the American consumer is being drained of any and all excess spending dollars!Our economy is in RECESSION and will be going into DEPRESSION soon if Gas doesn't go down below $2.50 per gallon ! ExxonMobil would still make 5 billion dollars per quarter at this price ! Congress needs to put price and profit controls on all petroleum product in America! Congress needs to hear the cry of the people and stop the Big Oil monopoly from controlling our economy!
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singlemom27
Champion Author Ventura

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Message Posted: Feb 20, 2013 3:57:44 PM

I wish our prices were $3.71/gal...we've passed 4.20 and are still climbing!
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defense
Champion Author Grand Rapids

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Message Posted: Feb 20, 2013 3:56:55 PM

Just the same price gouging.
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windup
Veteran Author Austin

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Message Posted: Feb 20, 2013 3:55:03 PM

Price is up $.60 here since Christmas.
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FogCitySpotter
Champion Author San Francisco

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Message Posted: Feb 20, 2013 3:54:52 PM

Ok
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BigDartMike
All-Star Author Ohio

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Message Posted: Feb 20, 2013 3:54:34 PM

Should not be traded as a "Commodity" but as a necessity, or we all could tell the boss we need a 15% raise to accomodate for the increased cost of services rendered (transportation to work)
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JWHITE1937
Champion Author Massachusetts

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Message Posted: Feb 20, 2013 3:53:54 PM

RIGHT, drive faster and further, but in your EV! Gas prices will always be too high!
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whatif81
All-Star Author San Antonio

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Joined:Jan 2012
Message Posted: Feb 20, 2013 3:49:23 PM

why not pedal to the metal and have prices race down.
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peapaw
Champion Author Ohio

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Message Posted: Feb 20, 2013 3:49:08 PM

Takes your breath (and money) away.
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s6sputnik
Champion Author Austin

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Message Posted: Feb 20, 2013 3:48:32 PM

Blah!
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boldrph
Champion Author Topeka

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Message Posted: Feb 20, 2013 3:43:03 PM

gas prices have risen ever spring since ... ever, except 2009 when we were in a depression.
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hibsaw
Champion Author Mississippi

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Message Posted: Feb 20, 2013 3:42:09 PM

Can you imagine what prices would be if a hurricane was headed to the Gulf?
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oldiesman
Champion Author New York

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Message Posted: Feb 20, 2013 3:42:02 PM

$4.05
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coolbreeze1111
Sophomore Author Greensboro

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Message Posted: Feb 20, 2013 3:41:48 PM

Crude oil (WTI) and RBOB are down so far today on the CME but will the price at the pump go down? NO. Too many stations are FULL of GREED GREED GREED GREED GREED GREED GREED GREED....Dig deeper into your pockets as the price will GO UP.
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JWHITE1937
Champion Author Massachusetts

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Message Posted: Feb 20, 2013 3:39:49 PM

Alternatives are better in many ways. Saving money is one!
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Neely8
Champion Author Boston

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Message Posted: Feb 20, 2013 3:37:53 PM

It is collusion among the big gas and oil companies. There hasn't been a major economic or natural disaster recently to cause or warrant these high prices. And if they're still blaming Superstorm Sandy on these prices from a few months ago, they're crazy, and we know the fix is in! We shouldn't take that BS!
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Bugs2010
Champion Author Dallas

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Message Posted: Feb 20, 2013 3:37:13 PM

Ok. One more time - the Keystone XL pipeline will NOT lower any prices here. All the gasoline produced will be EXPORTED. Why do you think they so desparately want to get it to the coast?!
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laurash01
Sophomore Author Chicago

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Message Posted: Feb 20, 2013 3:37:10 PM

They are going up even when crude has been going down recently
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tarheelcoastie
Champion Author Greensboro

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Message Posted: Feb 20, 2013 3:36:54 PM

Crazy!
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