U.S. gas prices—March 3, 2008
Gas prices continue to climb.
National retail fuel price averages
| Price | Change from last week |
| Regular gasoline/gallon | $3.16 | ↑ .03 |
| Diesel fuel/gallon | $3.66 | ↑ .11 |
Regional regular gasoline prices
| Price | Change from last week |
| East Coast | $3.17 | ↑ .02 |
| -New England | $3.15 | ↑ .01 |
| -Central Atlantic | $3.16 | ↑ .02 |
| -Lower Atlantic | $3.18 | ↑ .02 |
| Midwest | $3.08 | 0 |
| Gulf Coast | $3.09 | ↑ .03 |
| Rocky Mountain | $3.09 | ↑ .04 |
| West Coast | $3.39 | ↑ .12 |
| -California | $3.46 | ↑ .13 |
Source: Energy Information Administration, 3/3/08
Posted by: Don Greyfoxx | Mar 26, 2008 4:07:11 PM
We need the U.S. Strategic Oil Reserve, but when is enough resereve oil enough. With 20,000,000 barrels of sweet crude oil (the easiest to refine) are going into the S.O.R. every month the price of crude is effected by as much as 12%. Then if you add the unregulated crude oil speculators (carpetbaggers) who are also driving crude oil as high as $110 a barrel, or 34%, you get the total added to the cost of a barrel of crude oil of 46%. That 46% rise in crude oil prices is just in the last year. If we removed that 46% rise in crude oil we would see a drop in fuel prices by as much as $2.00 in some parts of the county.
We hire (elect) candidates based on our trust in them, and their experience to manage the affairs of this nation as if it were a major multination corporation. But it would appear from the condition of the dollar, crude oil prices, and the cost of food, the sub-prime debacle that we hired the wrong people to run the business of America. They have shifted their commitment from America to the multinational corporations through campaign contributions (bribes). When the management team of any business no longer manages the affairs of the of the shock holders, in this case the American Voters, either because of corruption within the management team or a lack of business skills it is the duty of board of directors (the citizens) to terminate those responsible for the failure of the business. In the next election we need to be more careful who we give the keys to the chicken-coop.
In 2004 Lee Raymond the retired CEO of EXXON said in an interview with Charlie Rose (PBS) that there was enough crude oil still in the ground to last another 250 years at it's pressent rate of use.
In 2007 the Energy Dept leased over 600 new oil field to US oil companies, with more than another 600 more expected in 2008. Up until now the shallower waters of the Golf of Mexico was thought to have 10 billion barrels still in the ground. But in deeper water (below 5000ft.) they have found what they believe to be 70 billion barrels of sweet crude, or what OPEC has in it's reserves. In the South China Sea they have found what they believe could to be well over 30 billion and possibly as much as 250 billon. Off the coast of Brazil they estimate they have found over 132 billion barrels of sweet crude. When you hear the term "Peck Oil" start swinging, because it's a sham!
We have to rememeber that the heads of "super sized" corporations are not always honest people, that the crimial mind is not exclucively the mind of car-jacker, and the common crimial. A lot of crimial minds have been educated at Harvard and Yale.