Hawaii Average Premium Gas Hits $4.708, As Nationwide Pump Prices Jump By 30 Cents In A Month

Tyler Durden's picture

Now that the Obama approval rating has hit a plateau where it correlates only with the inverse average price of gas instead of the Russell 2000, the AAA brings some more ominous news for the man who last week launched a crusade to wipe out all oil speculators (and witches) from the face of the earth. While last week the average price at the pump was $3.81, it has since surged once again to hit a new multi year nominal high of $3.86, getting dangerously close to the all time high record price of $4.114 recorded on July 17, 2008. Incidentally premium is already above that mark,currently averaging $4.128. The number is also a nearly 10% increase from a month ago when the average price was $3.561. Seven states reported an average gas price above $4 with Hawaii once again leading the pack at a $5 rounding up $4.534. And of course, instead of focusing on the real cause of surging commodity prices, the administration's response: the creation of a "working group" to battle manipulation.

From BusinessWeek:

The Obama administration created a working group to explore whether oil and gasoline prices are being driven higher by illegal manipulation, the Justice Department said.

The working group, which includes representatives of federal agencies and state attorneys general, will check for fraud, collusion or misrepresentation at the retail and wholesale level, the department said in a statement today. The group also will examine investor practices and the role of speculators and index traders in oil futures markets.

“Rapidly rising gasoline prices are pinching the pockets of consumers across the country,” Attorney General Eric Holder said in the statement. “We will be vigilant in monitoring the oil and gas markets for any wrongdoing so that consumers can be confident they are not paying higher prices as a result of illegal activity.”

With a presidential election 19 months away, President Barack Obama faces increasing political pressure over rising gasoline prices. Crude oil futures have increased 22 percent and gasoline surged 34 percent this year as Middle East unrest reduced supply and the global economic rebound bolstered fuel demand. Both futures contracts touched the highest levels this month since the records reached in 2008.

As we predicted so long ago, after facilitating the revolutionary wave in MENA, Bernanke's policies are about to take down the telepropter himself, leaving Bernanke the podium to announce on Wednesday during the first ever fed press conference that he has now usurped the title of Chancellor Palpatine. 

The president’s job approval rating, which started rising after he reached a deal on tax cuts with congressional Republicans in December, reversed course in late January as turmoil in the Middle East began driving up gasoline prices.

A Washington Post-ABC News poll released April 19 found that 47 percent of Americans approve of Obama’s job performance, down seven percentage points since January. Even with signs of improvement in economic indicators, 44 percent of Americans said they believed that the economy is deteriorating, the worst reading for the poll in two years.

But, but, that's not that strawman that Bloomberg uses on every other article which begins with the title "______ confirms economic recovery in US." We wonder how many more years have to pass before even the most obtuse realize that the only "recovery" is the non-recurring one, purchased in exchange for nearly $3 trillion in freshly printed Benjamins.

The full state breakdown can be found here.


Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
fallst's picture

So many different ways to break their economic plaything here, CDS, CDO squareds, buying mortgage shit shovelers for RICO fraud pipeline,  backdoor shorting of clients, a bald MERS assumption of our notaries, lobbyist staffing of our reform writing "representatives" offices.

Anyways, its quite easy to fix.

Just repeal, undo, and unglue, ourselves, from both "Modernization" Acts created by Sen. Phil Gramm-TX, in 1999 and 2000. That's when all this new mischief started!!!

The Commodity Futures Modernization Act of 2000, and the Financial Services Modernization Act (aka Gramm-Leech-Bliley Act) of 1999. Currently Allows for obscene derivative manipulation of energy markets (Enron Loophole). Will stop the absurd CDS 600 Trillion notional...Restores the Glass-Stegall...

I will keep posting this until it sinks in.

Both Gramm Modernization's, are Acts of Financial Terrorism

falak pema's picture

+1000. The USA started this shit. Its up to US governments to stop it. Not on ANYBODY's current agenda. That's why the Ponzi and QE- infinity will go on. Nobody wants to bite the bullet, especially within the global Oligarchy.

smlbizman's picture

i may be having de ja vu....but didnt we look in to this last time, about those eveil speculators....how'd that work out? ...i guess a spade cant call it a spade...

Bay of Pigs's picture

It's $5 a gallon here already now bitchez...

Everyone else can fuck off.

ElZorillo's picture

Thank yourself lucky.. close to $10 per gallon in the UK.. FUCKERS!!!

Betty Swallsack's picture

Drive on up to Toronto where the (regular) fuel is (CDN)$1.30 a litre x 3.78 = $4.91 a gallon. Premium can run as high as a $1.50 or $5.67 a gallon.

willien1derland's picture




Gas prices are on the rise nationwide, but one filling station in Florida has earned the dubious distinction of having the highest prices in the country.

Suncoast Energys, located near the Orlando International Airport, was charging $5.69 a gallon for regular gasoline on Friday. That's the highest of any gas retailer in the nation, according to price tracker gasbuddy.com.

dark pools of soros's picture

silver darts up again...  up $30 in about 13 months

dark pools of soros's picture

dupe..  ahh fuck it, worth saying twice


silver darts up again...  up $30 in about 13 months

downwiththebanks's picture

Not eveil <sic>.  Just pathetic.  The world doesn't revolve around the speculators' gambling dens, coke binges, and escort services.

If they want to gamble with someone else's money, put up 100% margin.  Stop fucking with the lives of people who actually WORK for a living.

jmc8888's picture

No, this is British Imperialism come to U.S.

It also had earlier forms.  Check the history of Monetary Imperialism (just saying).  Greeks, Romans...so on and so forth.

In our era, it's British, and still is.  We're just their greater fool, who took the lead on everything in the spotlight, while the strings were still held elsewhere in the bankster back rooms.  Well we got to pretend we were on top since the end of WWII, when we could of actually been on top, instead starting with Truman, we started pissing on the sacrifice of every soldier in WWII's service.  We went full on British route, instead of American route.  Cold war?  C'mon...it was British Imperialsim vs Russian Communism, we just thought it was about us and our way of life.  No it was East vs. West.  What was West? British Imperialism.  What we run, and is destroying us.

Glass-Steagall and Hamiltonian Credit System changes all that. Cancel the fraud, Cancel the bullshit.  They used bullshit psychology to get us...commodities futures and MODERNIZATION act.  (outright fraud isn't modern, just the scam was new, and the easiest con of the time, everything was modern because of the turn of the century. )

Brought to you by your friendly neigborhood bankster monetarists.

American can end it, so can a bunch of other countries.  They just need to default on the debt, and somehow get it past the fed/ecb/imf in a way, or size that they cannot print.  Glass-Steagall would do that as ecb/imf can't guarantee the lot of derivatives and other fraud.  But smaller countries defaulting on debt maybe...greater chance if multiple nations in quick order do it...but here's the funny thing when it comes to austerity....if they people won't pay (and they shouldn't) with lower services, these assholes will have to print or else the banksters lose it all.  So the only sure way is with full Glass-Steagall.

We did it once, we can do it again.  But that's just righting the ship, then we still have to 'chart the course' going forward.  Energy, Transportation, Water, Space, Machine Tools...these are where we need to go...not printing debt and sticking our heads in the sand.

We really are that far away, and it no, it's far bigger and grander, of a tapestry than America started it.  But we can end it.  Glass-Steagall




cossack55's picture

How about a working group from the Dept. of Injustice to indict and convict the entire Gramm family including children and grand-children as the evil surely passes generations.

SteveNYC's picture

Gramm has done about as much damage to this country and its middle class as anybody in the most recent decades. Yet this stinking pile of crap goes on living like a king.

Karma is coming full circle Gramm, nothing you can do about it.....

dizzyfingers's picture

Can't sue the govmint, I believe, but class action lawsuit against Gramm? And others who are out of office but voted for it, got rich, and are living the high at public expense? Worse, we're still paying those bastards' pensions!!

Flakmeister's picture

In the spirit of bipartisanship, I would love to have a public lynching:

Phil Gram and Robert Rubin.

The two people that have their fingers all over the treasonous acts that are destroying this country.

Freddie's picture

Gramm is a piece of crap but oddly the Obama voters here always point the finger at everyone else. This is because they voted for the Kenyan.

sun tzu's picture

Didn't Bill Clinton sign the bill into law? He and Hillary and Chelsea should be convicted too along with Robert Rubin and Larry Summers and their ilk

snowball777's picture

Actually, there were several points on the slippery slope...1886 (start of "corps as people"), 1913 (birth of Fed), 1970 (birth of GSEs), 1973 (Nixon closes gold window), 1982 (ARM loans signed into law), and 1987 (birth of CDOs) come to mind.


bothsidesnow's picture

big fucking deal, gas and everything else is always more expensive in Hawaii it's a fucking island in the middle of the Pacific Ocean, looks like the kids are not only at the trading desk but also at the zh ed desk for this long weekend.

get on this story:

Looks to me like Ireland is going to take out the clippers and give someone a haircut real soon.

First you have Stark of ECB making comments about a restructuring:


Smaghi Op Ed in the Financial Times


and the Irish throwing the red card (their still pissed about being dissed by France in the World Cup qualifier)



Ayn would like to to know, Who is Tyler Durden?


Rockfish's picture

Irish taxpayers should not complain about having to bailout the country’s crisis-hit banks and in future regulation should be steered at a European level, one of the ECB’s top policymakers said on Wednesday.

In an opinion piece in the Financial Times, ECB Executive Board member Lorenzo Bini Smaghi said Ireland’s taxpayers should foot the bill as they are the ones that benefitted during the pre-crisis boom years and elected the governments that regulated the banks as the problems built.


Thanks for the link, rarely do they ever just come right out and say "heads we win tails you lose" pay up.

i-dog's picture

"always more expensive in Hawaii it's a fucking island in the middle of the Pacific Ocean"

Yeah. That would explain why CA and AK are the next most expensive...especially since they're among the largest oil/lng/gas producing states!

WestVillageIdiot's picture

I didn't know that California was an island.  Lousy public school education. 

Hephasteus's picture

I had to play a video game where I was a trader who sailed a ship all over the world to learn anything about geography. Otherwise I just wouldn't know shit about what is all around the meditarranean or how close japan was to china or any of that junk.

Snidley Whipsnae's picture

"44 percent of Americans said they believed that the economy is deteriorating, the worst reading for the poll in two years."

Their jaws draws drop when they see the gas pump total. Immediately onto the cell phone to tell whoever how much they just paid for gas... The rush for home to watch some bs on tv and heat up some fake cheese and mac for hubby...The 44 per centers... If their plate is moved 6 inches they will starve to death.

WestVillageIdiot's picture

I love the cell phone usage by gas pumps.  We are a nation of twats.  Perhaps a few explosions would thin the herd a bit.  I am so glad I don't have to drive and share the roads with texting a--holes and little Sex In the City wannabes.  I dread the day I move and have to drive again.

hayesy316's picture

So you don't recognise sarcasm and you believe cell phone radiation can create an ignition source at gas stations. Wanna try for the moron trifecta?

WestVillageIdiot's picture

My point was more just about all of the twats on cell phones but thanks for taking it so seriously. 

Calmyourself's picture

Perfect example, supposedly the cream is at ZH, yet you still believe stupid urban myths like that.. But, but the sticker on the pump tells me so.. Most of the excess are superfluous twats like you who wish the real producers fueling up a work truck planning their next job to blow up.

WestVillageIdiot's picture

Look at my post.  I didn't exactly take the cell phone explosion thing very seriously.  It is good to see you two forming a cocksucker brigade so early in the morning. 

ebworthen's picture

Yes, didn't get their Wheaties or something, sheesh.

Moe Howard's picture

A woman was in the right lane on I65 the other day during the afternoon commute reading a hard cover book resting on the steering wheel.

It's all good. I drive like I used to walk point in the jungle. Ready for anything.

WestVillageIdiot's picture

Yep.  Pretty sad state.  Here your biggest fear has to be the animals in yellow cabs and any piece of steel with a New Jersey license plate on it. 

Dave Thomas's picture

Once upon a time looking at my phone to see the number, whilst barreling down the road I thought to myself. "Gee, I better pay closer attention to the road!" Not 20 seconds later I look over at a metallic blue Carolla and see a guy reading the farging newspaper.

WestVillageIdiot's picture

Snidley, I hope you know I knew you were being sarcastic.  It appears that a couple of assholes are the acting Sarcasm Police this morning.  And I agree with your sentiment on the average dipshit American.  I am becoming really frustrated lately with them.  Why do we even care about their well being?  They sure don't. 

sun tzu's picture

Are you an above average dipshit American?

sun tzu's picture

If you used your brain you would know why gas prices are higher in California and Alaska. 


California due to the special blends of "green" gasoline and higher taxes.

Alaska due to the fact that there are no refineries there. Cars run on refined oil products, not raw crude oil.

akak's picture

Actually, you are incorrect --- Alaska does in fact have two different refineries, and does refine ALL of the gasoline used in-state.  Why, then, are prices so much higher here than elsewhere, and not lower?  THAT is the $64,000 question, the answer to which every Alaskan would love to know!

Flakmeister's picture

Yes, Alaska has a number of refineries, excise tax is typical compared to other states, current price at the pump is the same as Westchester Co. NY...

Me thinks the problem lies in the Free Market.... why would anyone sell for a cheaper price when someone elsewhere is willing to pay more? Short of mandating that they must sell local (umm, now that smacks of Marxism) what do you propse?

dark pools of soros's picture

they do get a fat oil check every year..  that lowers the avg unless they spend it on iPads

dark pools of soros's picture

gas is getting shittier...  my engine light is now popping up until my tank is near empty then it goes away..    and i put in the middle grade... probably watered down corn juice 

WestVillageIdiot's picture

"Hawaii it's a fucking island in the middle of the Pacific Ocean"

I don't know much about Hawaii.  I have never been there.  But on this little island you can still get away with not owning a car.  The last time I drove Bush was still in office.  I do appreciate updates such as this.  Sometimes when you are in an insulated position you forget that the bulk of the world is not in an insulated position.  Last week I passed by a gas station and noticed that regular was $4.07.  That is in Manhattan but that is still high.  People in Jersey and the boroughs have got to be hurting a  little bit with gas prices at those levels. 

I don't hear a lot of talk about gas prices since a lot of people here don't drive.  I do know that the City's real economy is still struggling.  A shop in our building that has been open for years just closed.  Of course it seems there are people willing to start up new stores and restaurants.  The disgusting display of Bleecker Street being turned into Beverly Hills continues.  I wish that would reverse. 

On another note I was complaining about the cops destroying the constitution with their random checks in the subway.  My co-worker said she wished they could check everybody at any time.  We would be safer.  I didn't even know where to begin.  I told her she would have enjoyed Germany in the 30s.

It is time for ZHers to realize we are surrounded by idiots and their vote counts just as much as yours, no matter how stupid and ill-informed they are.  Just think, 47 percent still approve of the job O is doing.  Of course much of that is racially driven.  But I guess that is considered the good type of racism. 

We are doomed.  Enjoy it while it lasts.  And I didn't even mention the potential for the Japs to kill us all.  Happy Easter. 


falak pema's picture

Tora, Tora, Tora...is not Bora Bora and girls in grass skirts singing Aloha, Aloha!

Watch out for sparkling flying fish coming from Fukushima way!

Janice's picture


Agree with your comments.

Law Enforcement in Florida has become increasingly arrogant and aggressive towards law-abiding citizens.  Elected officials are (and have been) oblivious to the struggles of the average person.  We are taxed to death...and beyond.  If government could figure out a way to tax sex, we'd really be paying for the pump.   

Ricky Bobby's picture

You are OK with the gas, but I wouldn't want to be where you are if food chain starts to get disrupted.

Calmyourself's picture

No worries, we will live off the land / sarc..

WestVillageIdiot's picture

The rats alone could sustain us for months.  And the pigeons are plentiful.  Squab is some good eating. 

Hulk's picture

humuhumunukunukuapua, its whats for dinner...