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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 Posts:569 Points:52,915 Joined:Apr 2013	Message Posted: May 3, 2013 9:15:19 AM Ignore priver Report Abuse going to happen
driveonby1 Champion Author Toledo Posts:1,548 Points:264,865 Joined:Jun 2007	Message Posted: May 3, 2013 8:55:31 AM Ignore driveonby1 Report Abuse It's breaking my neck, this pace.
theawesome1 Champion Author Cleveland Posts:9,458 Points:1,751,875 Joined:Aug 2005	Message Posted: May 3, 2013 7:26:53 AM Ignore theawesome1 Report Abuse Obama wants his brothers to get richer from us.
theawesome1 Champion Author Cleveland Posts:9,458 Points:1,751,875 Joined:Aug 2005	Message Posted: May 3, 2013 7:26:08 AM Ignore theawesome1 Report Abuse 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.
heydano67 Champion Author California Posts:1,806 Points:385,235 Joined:Feb 2012	Message Posted: May 3, 2013 2:13:09 AM Ignore heydano67 Report Abuse say it ain't so
vulcan96 Champion Author Ohio Posts:27,145 Points:3,126,955 Joined:Aug 2004	Message Posted: May 3, 2013 1:48:17 AM Ignore vulcan96 Report Abuse excessive greed
smugutu1234 Veteran Author Tallahassee Posts:351 Points:98,265 Joined:Feb 2013	Message Posted: May 1, 2013 8:37:09 AM Ignore smugutu1234 Report Abuse Great
Gas4Gore Champion Author Detroit Posts:2,529 Points:445,200 Joined:Jan 2010	Message Posted: Mar 4, 2013 11:05:45 PM Ignore Gas4Gore Report Abuse Oh no
pricewar Champion Author Ogden Posts:2,075 Points:302,490 Joined:Jul 2012	Message Posted: Mar 1, 2013 3:31:58 AM Ignore pricewar Report Abuse 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.
Sherri0622 Rookie Author Arkansas Posts:5 Points:45,350 Joined:Jan 2013	Message Posted: Feb 25, 2013 1:16:51 AM Ignore Sherri0622 Report Abuse The people this will affect most are the ones who can afford it least! As usual.
gdale6 Rookie Author Boise Posts:7 Points:5,715 Joined:Jun 2009	Message Posted: Feb 24, 2013 4:35:50 PM Ignore gdale6 Report Abuse 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.
HamRadioN4SMB Rookie Author North Carolina Posts:23 Points:23,715 Joined:Jan 2013	Message Posted: Feb 23, 2013 5:57:23 PM Ignore HamRadioN4SMB Report Abuse 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."
Tommyguns45 Veteran Author Illinois Posts:250 Points:156,840 Joined:Feb 2012	Message Posted: Feb 21, 2013 9:13:36 AM Ignore Tommyguns45 Report Abuse A refinery shut down here in the US. That will make prices raise to where they want them.
brbaritone Champion Author Virginia Posts:2,145 Points:1,724,100 Joined:Jan 2007	Message Posted: Feb 21, 2013 7:22:31 AM Ignore brbaritone Report Abuse 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.
Close1out Rookie Author Washington DC Posts:6 Points:225 Joined:Feb 2013	Message Posted: Feb 20, 2013 7:23:07 PM Ignore Close1out Report Abuse need to shop for grocery to get cheap gas
Close1out Rookie Author Washington DC Posts:6 Points:225 Joined:Feb 2013	Message Posted: Feb 20, 2013 7:23:03 PM Ignore Close1out Report Abuse need to shop for grocery to get cheap gas
mrcleanz1 Rookie Author Virginia Posts:1 Points:120 Joined:Feb 2013	Message Posted: Feb 20, 2013 5:52:31 PM Ignore mrcleanz1 Report Abuse 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!!!!
slowtrain Champion Author Georgia Posts:3,802 Points:976,375 Joined:Aug 2008	Message Posted: Feb 20, 2013 5:46:00 PM Ignore slowtrain Report Abuse Yesterdays news.
SUV2009 Champion Author Orlando Posts:4,488 Points:1,165,240 Joined:Oct 2009	Message Posted: Feb 20, 2013 5:37:26 PM Ignore SUV2009 Report Abuse When will the fun stop!
briinnc Champion Author North Carolina Posts:2,705 Points:834,820 Joined:Jan 2010	Message Posted: Feb 20, 2013 5:03:37 PM Ignore briinnc Report Abuse Every day.
toxigas Champion Author Oakland Posts:1,333 Points:433,000 Joined:Oct 2011	Message Posted: Feb 20, 2013 4:22:48 PM Ignore toxigas Report Abuse "...the price discovery process in crude oil..." In Las Vegas a similar process is called "gambling".
sjhman Veteran Author Atlanta Posts:416 Points:298,740 Joined:Sep 2008	Message Posted: Feb 20, 2013 4:16:50 PM Ignore sjhman Report Abuse Slow the pedal
RCMOM Rookie Author Florida Posts:15 Points:19,385 Joined:Jul 2012	Message Posted: Feb 20, 2013 4:16:22 PM Ignore RCMOM Report Abuse The gas prices R insane !! WTH ???
srchr Champion Author San Jose Posts:7,391 Points:1,647,525 Joined:Apr 2008	Message Posted: Feb 20, 2013 4:13:00 PM Ignore srchr Report Abuse need more refineries; good luck
joezIN Champion Author Gary Posts:1,733 Points:347,360 Joined:May 2011	Message Posted: Feb 20, 2013 4:12:39 PM Ignore joezIN Report Abuse ok
DMG86 Rookie Author Dallas Posts:85 Points:78,075 Joined:May 2007	Message Posted: Feb 20, 2013 4:10:19 PM Ignore DMG86 Report Abuse Wish DFW had better public transportation!
BeaconLite Champion Author Ottawa Posts:2,080 Points:396,955 Joined:Sep 2009	Message Posted: Feb 20, 2013 4:07:33 PM Ignore BeaconLite Report Abuse Prices keep going up for NO reason what so ever.
NightRider Champion Author Dallas Posts:1,478 Points:83,160 Joined:Apr 2012	Message Posted: Feb 20, 2013 4:03:44 PM Ignore NightRider Report Abuse OK............................. http://nextnewsnetwork.com/ [Edited by: NightRider at 2/20/2013 4:05:14 PM EST]
jaccks Champion Author Kansas Posts:1,810 Points:2,181,070 Joined:Oct 2005	Message Posted: Feb 20, 2013 4:03:30 PM Ignore jaccks Report Abuse gonna stay home more
flsharktooth All-Star Author Jacksonville Posts:928 Points:643,750 Joined:Apr 2011	Message Posted: Feb 20, 2013 4:03:27 PM Ignore flsharktooth Report Abuse twenty cent increase in 2 days
GatorGuy Champion Author Columbia Posts:2,284 Points:1,226,490 Joined:Jan 2009	Message Posted: Feb 20, 2013 4:00:44 PM Ignore GatorGuy Report Abuse Somebody hit the brakes!!
Bigoilscamsus20 Sophomore Author Detroit Posts:217 Points:17,110 Joined:Jan 2013	Message Posted: Feb 20, 2013 3:58:19 PM Ignore Bigoilscamsus20 Report Abuse 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!
singlemom27 Champion Author Ventura Posts:3,253 Points:667,885 Joined:Apr 2011	Message Posted: Feb 20, 2013 3:57:44 PM Ignore singlemom27 Report Abuse I wish our prices were $3.71/gal...we've passed 4.20 and are still climbing!
defense Champion Author Grand Rapids Posts:1,467 Points:1,391,945 Joined:May 2004	Message Posted: Feb 20, 2013 3:56:55 PM Ignore defense Report Abuse Just the same price gouging.
windup Sophomore Author Austin Posts:135 Points:733,225 Joined:Jul 2010	Message Posted: Feb 20, 2013 3:55:03 PM Ignore windup Report Abuse Price is up $.60 here since Christmas.
FogCitySpotter Champion Author San Francisco Posts:2,620 Points:548,540 Joined:Apr 2007	Message Posted: Feb 20, 2013 3:54:52 PM Ignore FogCitySpotter Report Abuse Ok
BigDartMike All-Star Author Ohio Posts:614 Points:135,220 Joined:Dec 2011	Message Posted: Feb 20, 2013 3:54:34 PM Ignore BigDartMike Report Abuse 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)
JWHITE1937 Champion Author Massachusetts Posts:2,667 Points:1,024,705 Joined:Aug 2006	Message Posted: Feb 20, 2013 3:53:54 PM Ignore JWHITE1937 Report Abuse RIGHT, drive faster and further, but in your EV! Gas prices will always be too high!
whatif81 All-Star Author San Antonio Posts:684 Points:219,800 Joined:Jan 2012	Message Posted: Feb 20, 2013 3:49:23 PM Ignore whatif81 Report Abuse why not pedal to the metal and have prices race down.
peapaw Champion Author Ohio Posts:4,185 Points:716,470 Joined:Jun 2011	Message Posted: Feb 20, 2013 3:49:08 PM Ignore peapaw Report Abuse Takes your breath (and money) away.
s6sputnik Champion Author Austin Posts:6,337 Points:1,333,870 Joined:Jun 2007	Message Posted: Feb 20, 2013 3:48:32 PM Ignore s6sputnik Report Abuse Blah!
boldrph Champion Author Topeka Posts:18,535 Points:3,479,340 Joined:Oct 2002	Message Posted: Feb 20, 2013 3:43:03 PM Ignore boldrph Report Abuse gas prices have risen ever spring since ... ever, except 2009 when we were in a depression.
hibsaw Champion Author Mississippi Posts:8,183 Points:1,709,665 Joined:Feb 2008	Message Posted: Feb 20, 2013 3:42:09 PM Ignore hibsaw Report Abuse Can you imagine what prices would be if a hurricane was headed to the Gulf?
oldiesman Champion Author New York Posts:6,566 Points:2,221,590 Joined:May 2006	Message Posted: Feb 20, 2013 3:42:02 PM Ignore oldiesman Report Abuse $4.05
coolbreeze1111 Sophomore Author Greensboro Posts:232 Points:195,315 Joined:Dec 2011	Message Posted: Feb 20, 2013 3:41:48 PM Ignore coolbreeze1111 Report Abuse 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.
JWHITE1937 Champion Author Massachusetts Posts:2,667 Points:1,024,705 Joined:Aug 2006	Message Posted: Feb 20, 2013 3:39:49 PM Ignore JWHITE1937 Report Abuse Alternatives are better in many ways. Saving money is one!
Neely8 All-Star Author Boston Posts:600 Points:129,090 Joined:Feb 2013	Message Posted: Feb 20, 2013 3:37:53 PM Ignore Neely8 Report Abuse 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!
Bugs2010 Champion Author Dallas Posts:3,536 Points:966,305 Joined:Mar 2010	Message Posted: Feb 20, 2013 3:37:13 PM Ignore Bugs2010 Report Abuse 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?!
laurash01 Sophomore Author Chicago Posts:172 Points:363,210 Joined:Mar 2011	Message Posted: Feb 20, 2013 3:37:10 PM Ignore laurash01 Report Abuse They are going up even when crude has been going down recently
tarheelcoastie Champion Author Greensboro Posts:5,326 Points:1,138,345 Joined:Jan 2009	Message Posted: Feb 20, 2013 3:36:54 PM Ignore tarheelcoastie Report Abuse Crazy!