Gary Varvel by Gary Varvel

Gary Varvel

Comments (22) (Please sign in to comment)

  1. Breeana

    Breeana said, over 2 years ago

    Obama at work again?
    Gas falls as refineries escape damage
    Gasoline fell on speculation that south Louisiana refineries escaped major damage from Hurricane Isaac and downtime will be limited.
    Futures declined as Isaac, which has weakened to a tropical storm after making landfall on the Louisiana gulf coast Aug. 28 as a Category 1 hurricane, was forecast to weaken to a tropical depression by later Thursday as it moves into north Louisiana. Isaac caused the shutdown of six refineries representing about 13% of gulf coast capacity.
    “Gasoline is down for a third day as the storm hasn’t done any major damage to refineries, though it’s still going to be a challenge to get back to normal,” said Phil Flynn, senior market analyst at Price Futures Group in Chicago.
    September-delivery gasoline fell 1.77 cents, or 0.6%, to settle at $3.0826 a gallon on the New York Mercantile Exchange. It was the first three-day decline since July 25. The more actively traded October contract fell 0.88 cent to $2.908.

  2. cdward

    cdward said, over 2 years ago

    And of course, oil company profits keep soaring.

  3. Clark  Kent

    Clark Kent said, over 2 years ago

    Most signs these days are electronic and tied in to the pumps so that they can be changed at a moments notice either locally or remotely from headquarters.

  4. ossiningaling

    ossiningaling said, over 2 years ago

    Whatever, that “9” could easily be painted in place.

  5. mikefive

    mikefive said, over 2 years ago

    Gasoline up 2 cents in trading this morning. Oil up $1.60. October contracts.

  6. Fourcrows

    Fourcrows said, over 2 years ago

    @fredgold

    Well, I suppose the smart thing to do is vote for the guy who can control the weather!

  7. lonecat

    lonecat said, over 2 years ago

    @Fourcrows

    King Canute.

  8. Richard

    Richard said, over 2 years ago

    @Breeana

    I haven’t looked at the futures market lately, but I do know that in my local markets, gasoline and diesel fuel is up nearly 25 cents per gallon in the week since Issac got near the Louisiana coast. I’m just hoping that the prices will fall as fast as they went up :)

  9. Archimedes

    Archimedes said, over 2 years ago

    @Clark Kent

    Not where I live champ.

  10. MortyForTyrant

    MortyForTyrant said, over 2 years ago

    @Clark Kent

    When I was young I worked at a gas-station. Twice a day we drove around town and recorded the prices of the competition. We then phoned HQ and gave them the numbers. A few hours later we got a call from them telling us what to put on our boards. Can you say “Oligopoly”?

  11. mikefive

    mikefive said, over 2 years ago

    @Ruff

    We’re supposed to pay for roads through fuel taxes that go to the Highway Trust Fund, but it’s like any other federal “trust” fund. It gets raided by Congress to pay for pork.

  12. Night-Gaunt49

    Night-Gaunt49 said, over 2 years ago

    And even though the delay will be weeks if not months away the rise comes now.

  13. cjr53

    cjr53 said, over 2 years ago

    @ScottPM

    Prove it!

  14. mikefive

    mikefive said, over 2 years ago

    @Ruff

    Could be ruff, but the raiding started big time in the 70’s. It’s not a recent phenomenon that you can blame on just Bush.

  15. mikefive

    mikefive said, over 2 years ago

    October gas up about 6 cents for today. October crude down 10 cents, but after market trading up $1.94 b.

  16. Load the rest of the comments (7).