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1. 

   Breeana said, 9 months 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 said, 9 months ago

   And of course, oil company profits keep soaring.
3. 

   Clark Kent said, 9 months 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 said, 9 months ago

   Whatever, that “9” could easily be painted in place.
5. 

   fredgold said, 9 months ago

   @Breeana

   Yes—Obama clearly was behind Isaac!
6. 

   mikefive said, 9 months ago

   Gasoline up 2 cents in trading this morning. Oil up $1.60. October contracts.
7. 

   Fourcrows said, 9 months ago

   @fredgold

   Well, I suppose the smart thing to do is vote for the guy who can control the weather!
8. 

   lonecat said, 9 months ago

   @Fourcrows

   King Canute.
9. 

   Richard said, 9 months 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 :)
10. 

    Archimedes said, 9 months ago

    @Clark Kent

    Not where I live champ.
11. 

    MortyForTyrant said, 9 months 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”?
12. 

    ruff said, 9 months ago

    @ScottPM

    Have you ever heard of an oil company building a road, except to the well ??
13. 

    mikefive said, 9 months 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.
14. 

    Ionizer said, 9 months ago

    @cdward

    “And of course, oil company profits keep soaring”
    
    And, of course, you know the difference between profit and profit margin.
15. 

    Night-Gaunt49 said, 9 months ago

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