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Adding Insult To Injury, Greek Gas Prices Are Now The Highest In Europe
Just because being officially the first broke Eurozone country, having 50%+ youth unemployment, and a collapsing economy is not enough, adding absolutely insult to injury is the following chart from Reuters, which shows that compared to other European economies, Greece now has the highest gas price in the old continent. And indicatively while America complains over what is now the highest gas prices in 2012 per AAA, at $3.80 average for a gallon of regular, 30 cents higher than a month ago, and 35 cents higher compared to a year earlier, gas in Greece now sells for over $9.00/gallon. But at least the IMF's worst case projects that Greek economy will be flat in 2013. And that's the "worst case scenario." But at least Europe sure taught Iran a lesson by halting crude imports. Oh yes, that Iran just happened to be one of the biggest suppliers to Greece - oh well. At least Greece still gets to proudly say it is a European colony, everything else be damned.
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Disgusting... there are a lot of taxes in the EU that are in gasoline prices
They may be on that part of the supply curve where fewer customers means higher prices because the rising effect of the fixed costs of operations outweighs the falling variable costs.
pt = au now...
It has closed a pretty large gap. Six months ago platinum was $200 or more below Au. Getting a decent price on Pt seems harder than with gold. I check prices at bulliondirect. There is generally few options and premiums are outrageous.
Lower liquidity = larger spread.
The Greeks are getting hosed while pumping.
Norwegians and Finns are probably paying at least as much if note more per liter.
Whoa! But higher taxes are the key to prosperity.
All of this debt is not a spending problem it is a taxing one,
I keep reading it over and over and over again.
Before you start making gilb snarky coments about Norway, you might actually look to see what the Norwegian debt picture is and how their atandard of living compares to ours.
Sure they live in half the size homes, have one car less but get free medical.
Move into a house half the size, sell one car and voila you too can have free medical.
But I get it, personal living space and the freedom to get to and fro via personal auto are not really personal freedoms or any measure of standard of living obviously if they were there would be no debate.
Before you start making the usual asinine assumptions that the big centralized goverance Euro model is any better than any other big centralized government abortions you may actually look to see what the picture is and how their REAL not the imagined, utopic, complete bullshit standard of living compares to ours.
They don't even get that. They get "free" first aid, and if they have a real problem, they get to wait in line.
And your evidence of this asininie claim??
norway isn't yet carrying a 25% 3rd world demographic. Seeing as white countries are for everybody while countries of all other races are ONLY for them, give Norway time to wilt under the guilt trip of the tribemedia (which steadfastly supports an apartheid State)
You are an ideological dinosaur....
Projecting the uniqueness of the US on the rest of the world is a very simplistic worldview....
I shudder to think what you think passes for "Quality of Life"...
Peak Oil is going to rip you a new one unless you open your mind...
are you comparing greece standard of living with norvegian? LOL
The Greeks are getting hosed while pumping.
... and US Colonial Viceroys want to throw an ignite match at em.
First war monger fabrications that will block any direct western trade for Iranian oil.
The US now exports more than half it's refined gasoline product, driving up US prices and assuring a heathly fat margin for Greek imported refined products. Without Iranian crude, noting Iran was the only country selling Greek refineries crude on credit before the Iranians reacted to the US sanction EZ import ban, the Greeks have to accept more Goldman and US debt and refined petro product price manipulations.
So it all makes sense, especially for downstream cash poor energy retailers like Exxon, who will be flooding US retail outlets with way over priced refined products from US strategic reserves when proverbial shit hits the fan,
Do you just make shit up on the fly??
WHY RON PAUL WANTS TO BE PRESIDENT
http://djia.tv/ron-paul/why-ron-paul-wants-to-be-president-not-to-gain-p...
doesn't matter...he lost and miserably.
Which convention was that at?
at the Iowa caucuses. I told you idiots that like it or not, it was all over after that.
I'll quibble, in reality it was all over before that....
Too bad, he could have added some substance to the debate unlike Cap'n Assjuice and Romney's Lobbyist....
The Repugnuts need a "Game Change"... LOL
You've taken part in the Iowa caucuses? My friend has and he contradicts what you are saying. I don't know who to believe!
Of course it matters. America was the miracle of a nation founded on the rights of individuals to overpower the greed and ruthlessness of tyrants from European kings to Stalin and Mao. And now that a tyranny has swept over this miracle nation the hope for a return to America’s representative government will depend on the leadership of strong men. Ron Paul is in this fight: a fight for delegates and a fight for truth and anyone who believes that’s its over does not know what he’s talking about.
Perhaps, Cher, who laments in her recent hit…”I can’t find one honest man…” ought to catch one of the GOP presidential debates this season. At first, she’ll see three of the top double-talking, flip-flopping, fake promising blowhard fibbers of whom most political consultants would be proud.
The audience hangs on every promise, every lie, every “it wasn’t me” or “he did it too,” or “sorry I regret that vote more than I can say but this time I’m leading the opposition to it.”
Trav, one man on the stage won’t be posturing, apologizing, lying or promising something he won’t deliver. Ron Paul. All four candidates rail against big Government and Obama, but no one disputes that Ron Paul would cut more government and dismantle more Obama socialist and banker programs than the other three.
So-called evangelical Christians are the hot-button Primary audience this year. Santorum and Romney daily damage their general election appeal by taking extreme positions on issues such as Israel war talk and social positions far beyond their past voting patterns. Gingrich, with a past similar to a Hollywood trollop, is embraced by religious Christians generous with their forgiveness and he’ll take a back seat to no one in backing the Zionists and collecting millions from his Zionists casino pal.
No GOP voting bloc seems to care that these politicos promises are promises made to deceive and be broken; no one seems to care that they are known politicos in statesmen’s clothing.
Ron Paul is a conservative Baptist with two brothers who are ministers, a son and daughter who are doctors and another in the US Senate, a proven, perfect voting record on conservative, social and fiscal issues. He’s been married to Carol for 55 years, since after her request that she be his escort at her 16th birthday party.
Ron Paul is a family man, small government proponent almost like no other, former Air Force flight surgeon, former obstetrician who has delivered more than 4,000 babies, strongly pro-life and prolific author on a wide assortment of economic issues.
But suppose at the next debate Ron Paul slides into lying political rhetoric - a bit of a warning on the “Muslim threat” in America, expresses sympathy with McCain’s intervention plan for Syria, and issues a dramatic call for much stronger central government power to enforce his constituents’ social Conservative goals. For good measure, he could review biblical passages that suggest the dangers of pornography, same sex marriage, the role of women in the military, etc., and promise to impose the iron fist from above – as the Democrats do for the other side of the moral coin.
Cher, of course, would be mortified. But, then again, she wouldn’t have found her one honest man.
'Of course it matters. America was the miracle of a nation founded on the rights of individuals to overpower the greed and ruthlessness of tyrants from European kings to Stalin and Mao. And now that a tyranny has swept over this miracle nation the hope for a return to America’s representative government will depend on the leadership of strong men.' - What complete and utter bullshit. You might have won the White House but teh British still held the mortgage. Wake up, stop dreaming of what never was. This is it. This is what you got.
Get used to it.
There has been an unending war with battles won by both sides.
We will never get anywhere by calling miracles non-miracles. Where is the evidence that America was not the greatest economic engine in the history of the world? And who says that America in her birth and for years after was not the greatest beacon for liberty and moral example that existed in the world? Which society eclipsed America in her days of free market enterprise that allowed the elimination of class structure and opportunity for individual growth as never before experienced?
What could possibly be the purpose for denying all of these dramatic and worthwhile developments? Surely you are not one of those who would use falsehoods regarding the American Dream to stop the reform that must now be initiated.
Well here I sit now covered in verbal fucking sputum.
A naivety rarely experienced. Dream on.
and even if he is a honest man (which could be, i dont know him so much) how much time do you think we have to wait to see him assassinated like JFK?
I pay $8.51 a gallon in Sweden. Over 60% of the price is taxes. They hate cars over here. The sales tax for a car in Denmark is over 200%
___________________________________________________________
Compare gold and silver prices
I can't blame the Swedes for hating cars. Look at that overpriced ugly SAAB POS.
And the Volvo S series. Seen from the right angle it looks like a right sack of shit.
I'm so glad they went bankrupt :-b
Smart growth or dumb destruction?
currently $8.44 in the UK
Obama's Energy Secretary: "High Gas Prices Are Good for You! " You guys are just ahead of the curb.
It could be worse. It could be 201%!
/s
Forget Greece, buy gold! Here's the latest from Robert Mish who has been a precious metals dealer for nearly 50 years and knows what a gold bubble mania looks like: http://www.armadamarkets.com/market-info/videos/
Fuck off, spammer!
Would you really want to deny the eucharist to the faithful??
Luckily no need to drive to work anyway.
There you go. Greeks are no longer participating in the corrupt and fake system. Stay at home, local economies and black markets booming. Fuck the bankers and the NWO. Good for them.
Benefits slashed after minimum wage cut: http://www.athensnews.gr/portal/1/53994
the greasy greeks were NOT INNOCENT.
Benefits cut commensurate with how little WORK THEY DO. This nation DOES NOT PRODUCE.
The previous poster says greeks are opting out of the system...fuck, they've opted out of working for decades now. Cut them off. No more living off of the surpluses of Germany and the other nations that are responsible.
Exactly. Crash the fucking system and lets find out precisely what the real value of everyone's labor really is. Fucking bring it.
" find out precisely what the real value of everyone's labor really is." That kind of leveling would freak out the West.
We get there one way or another as all fiat dies, my employees and I would prefer sooner rather than later. fucking bring it.
All big Govt schemes fail. They couldn't exist in a free world without fiat to deliver the unsustainable promises that elected them. It will have to crash, because very few people will ever voluntarily reduce their current standard of living. With the ensuing class warfare and the rise of democratic dictators , do you expect to have business as usual with your employees or even recognize your former country.
or everyones assets...I doen't plan on working in said scenario...
trav, pop down a few posts to my Mauldin quote.
Pretty good chance participation was bought.
Regardless, what trav says is right. Years of labour price growth has turned the greek economy incredibly uncompetitive.
And Greeks with no reasonable estimate of what they can pay themselves is nothing new. They were suffering continuous hyperinflation between 1942 and 1946, and have repeatedly been in a state of default during the 20th century.
What Trav says is, as usual, at best a distortion. Like Argentina this has been a bankster heist and it has been going on for centuries. Your thought process has been taken hostage by the BBC or you're teetering on stupid.
You should once again be reminded that the 'bailouts' have been about the banking system.
Argentina was another failed socialist experiment starting with Peron.
Perón's work in the Labor Department led to an alliance with the socialist and syndicalist movements in the Argentine labor unions. This caused his power and influence to increase in the military government.
After the coup, socialists from the CGT-Nº1 labor union, through mercantile labor leader Ángel Borlenghi and railroad union lawyer Juan Atilio Bramuglia, made contact with Perón and fellow GOU Colonel Domingo Mercante. They established an alliance to promote labor laws that had long been demanded by the workers' movement, to strengthen the unions, and to transform the Department of Labor into a more significant government office. Perón had the Department of Labor elevated to a cabinet-level secretariat in November 1943.[4]
EscapeKey, that was during Nazi occupation. The only ones to blame for that period would be Germans. Not much has changed it appears in someways.
Read this book. All this "ooh, it's the evil banksters and their NWO plans" frankly is getting a bit boring. Alex Jones is a snake oil salesman.
http://www.amazon.com/Hyperinflation-1941-1946-Studies-Century-European/dp/8772895829
Escape key, I am not a conspiracy theorist at all. It is just hard to compare modern economies during peace times with an economy caught up in occupation and war. Greeks have mismanaged their economy since WWII. No argument there. It is just not fair to compare apples to oranges.
Mismanaged?! As in stopped paying attention to the political process and letting Goldman fleece them?
It takes two to tango. The Goldmanites and corrupt Greek politicians.
I'm certain the newly awakened Greek people will vote out the cheese-eaters thereby being half-way to righting the ship. Can the same be said about the Squid? Not likely.
A crime was committed in Greece; it wasn’t the butler, it wasn’t the housemaid and it wasn’t the Greek people. It was Goldman Sachs; it was Goldman who helped install, manipulate and take advantage of Greece's public officials. To assign the blame to the victims is to be a useful tool for the perpetrator.
The perpetrator had motive and opportunity and has yet to be charged.
Another "useful idiot". fine, I'll take the other side of the trade and preserve my purchasing power.
Trav, we all need to be careful not to fall into a depiction of an entire people in the Henry Kissinger vein; demonization is always the preliminary strategy for exploitation and theft. While addressing a group of Washington, D.C. businessmen in Sept.1974, Kissinger said:
“The Greek people are anarchic and difficult to tame. For this reason we must strike deep into their cultural roots: Perhaps then we can force them to conform. I mean, of course, to strike at their language, their religion, their cultural and historical reserves, so that we can neutralize their ability to develop, to distinguish themselves, or to prevail; thereby removing them as an obstacle to our strategically vital plans in the Balkans, the Mediterranean, and the Middle East."
http://www.savarian.com/2010/03/kissinger-on-greece.html
From: Umbrella union: 10 myths about Greece and the crisis |Dec. 8, 2011 | Nick Malkoutzis
There is no reason to form such stereotypes as there is ample statistical evidence to provide a clear picture of how hard Greeks work. Eurostat figures consistently show that Greeks work the longest hours in the eurozone. The latest figures show that Greeks worked an average of 40.9 hours per week in 2010. The eurozone average was 36.6. Even the usually privileged civil servants are now working 40-hour weeks after their working days were extended by 30 minutes this summer. Figures compiled by the Organization for Economic Cooperation and Development (OECD) also show that Greek productivity kept pace and in some cases exceeded other eurozone countries, including Germany, during the last decade.
However, what statistics cannot show is how much of an obstacle Greeks who do not work effectively can be to the rest. Numbers, for instance, are not able to illustrate how much time a Greek business owner or employee has to invest in processing paperwork because of his country’s arcane public administration in comparison to a eurozone peer that does not suffer such a drain on his or her resources. Greece’s problem is not one of its people being lazy but one of finding a way for those who do put in the hours to be efficient.
Until last year (2010), Greeks could earn a full pension if they completed 35 full years of work. However, for them to retire in their 50s, they would have had to complete 37 years.... Nevertheless, the average retirement age in Greece is not in the 50s. According to figures compiled by Eurostat, last year it was 61.4. In Germany it was 62. However, Greece’s pension laws were overhauled early last year so that by next year (2012) Greeks will retire at 65 …
https://insidegreece.wordpress.com/2011/12/08/umbrella-union-10-myths-about-greece-and-the-crisis/
it's fuckin just AMAZING then that the greases manage to work SO MUCH and SO HARD and yet produce frickin NOTHING.
Maybe they are just pretending to work, eh?
Trav, give it a rest. I think you wandered into the game late today and accidentally found yourself in Goldman Sachs’ cheering section.
There are a lot of viewpoints concerning what has happened in Greece; but the bottom line is that the outcome has been horrendous making it very difficult to side with the culprit – Goldman and its associates in the other banking capitals of the world, from Paris to Frankfort
The hole gets deeper. Greece, when dealing with the devil his terms are always favorable for him.
Greece needs a Ron Paul, would they ever vote for him. Not, because he would cut their entitlements to save them from being slaves to the banksters.
At least somethings booming over there.
No problem....Greece FIXED!
Wanna know how?
Here's an excerpt from John Mauldin's weekend letter:
But that 90%+ participation rate of bond holders willing to take their lumps may be suspect, according to Art Cashin, writing this morning:
"Some savvy (but very cynical) traders think the heavy participation may have been structured. They posit that in order to keep the deal from falling apart, some banks, on government instructions, may have paid a premium to the 'reluctant' participants. That would get them out of the way and allow for more tenders by the buyers. No proof – just conjecture."
In other words, Greece gov't ordered its banks to pay the bribe so the govt would not be seen doing so. The participation was bought, maybe dollar for dollar.
LOL, yea whatever.....so NOW what?
Buy AAPL, duh.
/s
Mauldin says now Portugal. Present 5 year bond yield 19%.
haha What is junkable about that statement?
that YOU wrote it, dumbass.
WTF would you care about a junk anyhow?
JFC, man, I can go from 150-12 GR to 12-150 GR in two different threads on the same day just by pushing the right buttons.
Spot on! And mules don´t need gas anyway.
Risk on!
In Italy in one liter of gas we still pay 7 eurocents for Suez crisis dated..... 1956.
Plus on this 7 eurocents we pay 21% of VAT.
Fuck you all.
Hey, Luigi, be happy to pay that extra money. It funds political demonstrations that clog up traffic in Rome.
Hey, Kartofen, do the world a favor, don't say bullshits.
Your mummy will be proud of you.
I'm sorry you're having trouble, but doesn't the Italian government tax you? Shouldn't you be upset at them and Mr. B for letting that continue?
italy is one of the crappiest nation in this world and soon will become a 3rd world country
War or peace, feast or famine, the Four Hoursemen of oil ALWAYS profit.
Well theyre sure not profitting from me anymore.
Their sun is setting on the horizon. Not a damn thing they can do about it either. Good for you SheepDog. Localize now.
'Greece economy will be flat in 2013'....or flattened like a pancake?
Well, you won't get any syrup, that's for sure.
Flatlining.
We Dutchies currently pay 1,83 per litre, so Reuters go and do a new and even more scary version of that chart if you please.
That's no reason to complain since a couple of hours on a bicycle will basically get you around the entire country.
Carrying a month's groceries?
It's Europe. Food is (mostly) local. Groceries are bought daily here, at most weekly unless you're a bunkergoon or haven't access to local farms/markets.
Wow, those tear gas delivery trucks are going to feel some real pain...
High demand for Molotov Cocktails?
Getting expensive to revolt....those molotov cocktails now cost about $7 to make.
Bullish for Napalm maybe ?
$9 gas: coming soon to a station near you.
Obama will have gas (natl avg) down to $3.25 or below by election day - and he will also make sure it doesn't rise above $4.00 this summer. I'll bet anyone the usual amount on that.
He cant do it...the idea that ObaMao actually does anything at all is a farce in itself anyway.
No, what youre seeing now is hyper money printing coming around to bite them all in the ass....what are they going to do, print MORE to 'lower oil price"? It can only go up now.
Yep. I can't see how Obama-whama-ding-dong can stop, or at least reduce, oil and energy inflation. There is less driving, more working from home (if you have a job or home) and more smaller/efficient cars on the highway. It's the money printing!
Anarchy at $4.00 per gallon in the southern states.
The govt knows that.
Bunk. Americans don't have the backbone to do anything but roll over and take it like the Greeks.
I believe anarchy doesn't come until $5.00. Average around my area is only 20 to 30 cents from $4.00 for regular anyway. Once we hit $4.00 we'll have palpable anger instead of flippant remarks made during small talk. Neither level is good for incumbents (or those evil speculators and dastardly oil companies for that matter). But the Fed will get off scot-free IMO.
How would he do this? (other than invading Canada of course.)
Way to spoil the surprise for everyone.
They grow bitter weeds in Canada.
"and he will also make sure it doesn't rise above $4.00 this summer."
That will be a neat trick since it's already, on average, above $4 in California, Hawaii, Alaska, and Illinois.
....yes and with the reelection a lock, the mandate of "green" will be revisited by making sure gas is over $5/gallon, a $40,000 electric auto looks much better on a per mile basis when gas is over $5.....the strategy is no mystery, as all corpoarations who want to be invloved must participate in the illusion of higher gas prices, right now a small gas only vehicle still has a better per mile cost, without being currently able to bring down electric auto production costs, the next best thing is to make sure gas prices rise.
it is not funny...
The Giant Ass Saw Thing - now that's funny.
does anybody have any insight on platinum prices basically at par with gold today? interesting that that spread collapsed between the two..............
somebody might...I think there was this guy who repeatedly recommended this convergence pair trade
Maybe Bill Dudley was on to something (Gold Bug at the Fed 2/2/12). I took notice :)
yeah only about 6 months after I put the thing on
Just gotta get this stuff up and running and things will be ok!
http://www.globalresearch.ca/index.php?context=va&aid=29609
Can the ECB also print some gas?
It's like a scene out of Deliverance. The EU has Greece bend over and is taking them from behind:
"Ya can't have no god-damn Iranian oil, now SQUEAL LIKE A PIG!"
They should use their trains more. Apparently, the train system only generates Euro 100 million in revenues but pays Euro 400 million in salaries!
ONLY THE GREEKS CAN SQUEEZE 400 MILLION IN SALARY BENEFITS AND RETIREMENT OUT OF 100 MILLION REVENUE.
WHAT EFFICIENCY! HOW DO THEY DO THAT?
I'll tell ya but you have to lay off of the CAPS? Mmmmkay, pumkin?
they duplicated thier business model after "AMTRAK'
The salaries and benefits are paid by a German sugar daddy. That's a bullet proof business model.
After "seasonal adjustments'", there's a profit of EU $275 million!
I see a big market for grickshaws.
Yep. Hard to walk with a full tank of ouzo.
Hyperbolic rhetoric if I ever read it.. Gas, diesel whatever has nothing to do with economic activity. There may be a tiny component in pricing and such but every esteemed economist knows true economic activity is measured by PPI. Paper Pushing Index more properly shows a countries or regions economic activity. The slosh of paper trades back and forth and yes paper and electronic currency manipulation is the true measure of worth. This "energy" applied to both electronic and paper is true wealth. As if barbaric energy metrics have any use in our new bernanke driven PPI world. Cretins..
A car fueled on bureaucratic waste-paper - your a frickin' genius! Every new govt. regulation would increase our fuel supply; free, limitless energy.
Re: Gasifier.
Starting to see the appeal of this side of the fence, it fleshes out the other side. The non reasoners come out to play..
Netherlands: $9,20/Gallon... RON95 octane fuel
WINNING!
So glad i live in the usa where i have my guns, a three thoysand square foot house at 75 dollars per square foot, and gas at 3.80 dollars.
Even food is more expensive in europe, and the taxes!!!
Middle class in europe live like our lower middle class. Why do you europeans allow that? And we can still drink our tapwater right from the sink unlike polluted europe.
Oh that 3000 square foot heated and cooled doesnt include my four car garage and a thirty thousand gallon swimming pool. Not bad for 255,000 dollars. I guess that is 80 bucks per square foot.
USA USA USA!!!
yes so glad you live in the usa which has ran up collective debt/gdp in excess of 300%. The only thing saving the US is the fact they canprint money and the dollar remains the worlds reserve currency. But things are changing fast....
If that happens and he has stacked phyzz at all, good news / bad news he will still have the house... I do love America just not the fasci/marxi/corporatist bastards running it..
Poor dumb Greek bastards but at least it's not as if they need gas when they don't have a job to drive to.
Get long natural gas.
It's almost like all those years living like...well, er...Greeks, is coming back to bite them in the Ouzo
No.......really?
Nobody could have predicted it.
This article is not quite correct. Might be because we don't have the Euro here in Denmark, but our Danish Krone is pegged to the Euro so it's the same.
Our list price for gasoline is 1.79 Euro !!!! That's 9 USD pr gallon.
On top of that we have 180% taxes on cars.
Everyone in those countries must learn 2 words:
Public Transportation.
No, one word will do: revolution..
what is up with all this "eu colony" stuff. The whole point is that the greek people WANT to stay in the euro. Nobody is forcing them to do so.
Yes indeed. The greeks make sheeple look assertive.
Some people like to be slaves. First to the Romans, then to the turks. Now slaves to the EU.
greeks like to be slaves? hahaha coming from who an american? lets skip the BS the truth is greeks like everyone else are worried about putting food on the table - which entails KEEPING a job. Going bankrupt and exiting the EU without a plan is a kin to collective suicide.
"Goldman Sachs" via Mario Draghi & Co., - 'The Tragic Surrogate Adoption of the Oedipus Chronology ?' http://www.deseretnews.com/article/700207462/Adopting-the-euro-was-Europ... __ Samuelson wp 12/16/11
Ps. Samuelson is delusional [? paid shill ? POS WP rag*] in his thesis - there are a plethora of reasons why the European debacle came apart or actually was imploded by "TPTB' when the OPEC's thought it wise to be paid in euro's? you decide, and look at the timeline of subsequent events that precipitated EZ's demise.
jmo
zooming on by, from last to first .....wish my horses pps looked liked that
Operation FUBAR is in full swing.
High gas prices are actually good for the planet. 'People' might refrain from using fossil fuels which will in turn lead to climate stabilization.
Nah, seriously though....
Two things:
1.) http://www.lheyden.com/thegeneralist/
I love this dork. She is beautiful.
2.) http://www.thebulletin.org/web-edition/features/projecting-power-the-sec...
Bigger story than most realize.
Why is there a premium over other Euro countries? Is credit risk being priced into gasoline?