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On This Day In History.... Gas Prices Have Never Been Higher

Tyler Durden's picture





 

Presented with little comment except to remind all those newly refreshed consumers that for every penny rise in pump prices, more than $1bn is added to the hoousehold spending bill (assuming driving habits are unaffected - which brings its own set of unintended consequential events). And in the past month alone, gas prices have increased by precisely 30 cents.

For this week of the year, we have never seen higher prices of Gasoline...

 

and we note that gas prices are rising at almost the same analog rate as last year (and well above average) which offers little hope for the notably higher absolute levels which is all important for our pocket-books...

 

 

Charts: Bloomberg

(h/t John Lohman)

 


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Wed, 03/14/2012 - 14:49 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Hang on boys and girls. The real fun is about the begin.

Wed, 03/14/2012 - 14:51 | Link to Comment trav7777
trav7777's picture

silverbug muppets wishin they had gasoline buried under the porch instead of junk dimes...Ag getting just BLOWTORCHED today

Wed, 03/14/2012 - 14:54 | Link to Comment fuu
fuu's picture

How's platinum doing?

Wed, 03/14/2012 - 15:06 | Link to Comment trav7777
trav7777's picture

hmm...now that you mention it, the convergence pair trade is up half a percent today.  Thanks !

Wed, 03/14/2012 - 15:30 | Link to Comment fuu
fuu's picture

Not bad for government work.

Wed, 03/14/2012 - 15:45 | Link to Comment nope-1004
nope-1004's picture

I think this is what Trav actually meant to say:

This is part of the wave 3 completion in the metals.  Volume is too low though, so I'm not buying that it's over.  $31.90 is the Fib level battle now for silver.  If it holds, we could see upside from here.  I posted a few days ago that $33.14 was key, and it failed.  This confirms 2 things:  The correction is happening quickly and the upside potential is growing stronger.  When PM's start to take off, this will truly be an interesting time.  It may take a few weeks / months to get going, but be patient.  It is setting up to be a very worthwhile event....

Wed, 03/14/2012 - 16:05 | Link to Comment trav7777
trav7777's picture

nah, I didn't say that at all, dumbass.  Fuck that fibonacci shit and fractal bs and all the nonsense chartology.

I recommended long platinum/short gold as a pair trade.  Even today, that trade is positive.

Wed, 03/14/2012 - 16:47 | Link to Comment TruthInSunshine
TruthInSunshine's picture

I am honestly hoping gasoline goes to an average of $5 or $6 a gallon within a month or two and stays there.

Nothing would reveal the fractional reserve charlatan games better than seeing one of the few things the sheeple can feel (even if they don't understand it) turn them into non-discriminatory rabid sheople, hammering all incumbent politicians (most of whom enable The Bernank's pumping of commodity prices, whether they claim to be with him or against him in the kabuki theater of senate & house hearings).

Wed, 03/14/2012 - 16:49 | Link to Comment CompassionateFascist
CompassionateFascist's picture

$10/gal by election day. If there is one.

Wed, 03/14/2012 - 20:51 | Link to Comment Dead Canary
Dead Canary's picture

I pray every night that the BIG ONE happens before November. People need to be pissed off before they look for answers outside the status quo. (Read: Ron Paul) If one of the other muppets (get used to hearing this word a lot in the future) gets elected it will give them 4 long years to make things worse.

Wed, 03/14/2012 - 18:51 | Link to Comment Ratscam
Ratscam's picture

i said the same thing when the platinum/gold discount was 180. It went to 203, then turned around. I excited the trade yestserday. no need to be greedy.
BTW. Brent Dez. 2013 is trading at 113 a barrell, another interesting deal to play with. Maybe natural gas at 2.25 a low you have to go way back to find.
do your own research.

Wed, 03/14/2012 - 14:55 | Link to Comment VulpisVulpis
VulpisVulpis's picture

She is nice.

Wed, 03/14/2012 - 15:07 | Link to Comment trav7777
trav7777's picture

eh...my former gf did that same shit for Banana a few years back, was even on the side of NYC buildings.

crrrrrraazy....

Wed, 03/14/2012 - 15:11 | Link to Comment VulpisVulpis
VulpisVulpis's picture

Are you sure it was your girlfriend? Are you sure it wasn't your father's brother's nephew's cousin's former roommate?

Wed, 03/14/2012 - 15:27 | Link to Comment trav7777
trav7777's picture

I am pretty positive it was my gf bc of how frequently i banged her.  Or maybe that was your mom, it's easy for me to get confused.

Wed, 03/14/2012 - 15:39 | Link to Comment goldfreak
goldfreak's picture

for the new people around here, trolls like Trav are nothing new, he'll be around until the next move higher on gold and silver. Then a "new" troll will show up at a higher price  ZZZZZZZZZZZZZZZZZZZZZ

Wed, 03/14/2012 - 16:07 | Link to Comment trav7777
trav7777's picture

yer, um...how to put this delicately...pretty fuckin stupid if you think I'm a troll. 

Wed, 03/14/2012 - 16:16 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

A panty ruffler?  Yes.

Wed, 03/14/2012 - 16:19 | Link to Comment JonNadler
JonNadler's picture

don't worry Trav, they think am a troll too, and everyone knows that's not true

Wed, 03/14/2012 - 16:26 | Link to Comment lincolnsteffens
lincolnsteffens's picture

Whoa matey, she may be nice but she looks 15. This ain't the wilds of Yemen.

Wed, 03/14/2012 - 14:56 | Link to Comment SilverTree
SilverTree's picture

"BLOWTORCHED" is of the wrong mentality.

I would say its a "Super-super-super sale"!

Wed, 03/14/2012 - 15:01 | Link to Comment JPM Hater001
JPM Hater001's picture

Whatever you want to get rid of let me know...I'm paying a buck over spot.

Wed, 03/14/2012 - 15:14 | Link to Comment XenoFrog
XenoFrog's picture

You know that word loses its meaning and impact when you trot it out every day there's red on the ticker. So much so that even using all caps doesn't help.

Wed, 03/14/2012 - 15:28 | Link to Comment trav7777
trav7777's picture

you know that you lose meaning and impact every time you open your mouth

Wed, 03/14/2012 - 16:53 | Link to Comment CompassionateFascist
CompassionateFascist's picture

Trav's still conerned with "making money". Shortsighted.

Wed, 03/14/2012 - 16:55 | Link to Comment XenoFrog
XenoFrog's picture

Speak softly and carry a positive balance.

Wed, 03/14/2012 - 15:32 | Link to Comment mayhem_korner
mayhem_korner's picture

Ag getting just BLOWTORCHED today

 

Yeah, Trav - it's down to +20% YTD.  Best sign there is that the CBs are panicked is that they execute a coordinated smack-down on PMs.  Those are becoming more and more frequent and less and less sustained.

Wed, 03/14/2012 - 15:33 | Link to Comment LongSoupLine
LongSoupLine's picture

"...Ag getting just BLOWTORCHED today" - trav7777

 

...Ag paper getting just BLOWTORCHED today...(fixed it)

Wed, 03/14/2012 - 23:53 | Link to Comment pacu44
pacu44's picture

IF only the CBs would wack the price of gas down to keep the zombies quiet, why do they worry about goldbugs and silverbugs?

Wed, 03/14/2012 - 15:43 | Link to Comment trembo slice
trembo slice's picture

volatility is part of the game Trav.  It can't go up EVERYDAY, and its still up YTD.  Plus its the best performing asset of the last 10 years.

Why do you hate silver so much?  Didn't buy any when it was at $7 or something?  You do make some good points in other post, but you are just so abyssmally wrong when it comes to silver, its hard to take you seriously.

Wed, 03/14/2012 - 16:10 | Link to Comment trav7777
trav7777's picture

sigh...ok, it's clear that you people are too stupid to get this, so let me explain.

You have emotionally identified with your silver.  I don't hate SILVER, I hate YOU.  Are we clear now?  You and your silver are not one and the same, ok?  Stop getting attached to your fkin possessions.

I hate silverbugz because you are a herd of lemming muppets listening to idiots and con artists.

Wed, 03/14/2012 - 16:21 | Link to Comment JonNadler
JonNadler's picture

I think Trav is right, take it fro me I have a lot of credibility

Wed, 03/14/2012 - 16:22 | Link to Comment geminiRX
geminiRX's picture

Figured you for another lemming too if you consider zerohedge authors a bunch of idiots and con-artists. What are you doing wasting your time here?

Wed, 03/14/2012 - 17:19 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

He's not wasting his time...he's wasting yours.

Wed, 03/14/2012 - 16:23 | Link to Comment geminiRX
geminiRX's picture

dup

Wed, 03/14/2012 - 15:57 | Link to Comment Unmisinformed
Unmisinformed's picture

I just can't help myself!

 

[Loud Retard Voice On]

SILVERBUGS GOT BLOWTORCHED!!!!!!11!!

[Loud Retard Voice Off]

 

Thanks, Trav, for brightening up an otherwise shitty day!

 

Now, off to the coin store.

Wed, 03/14/2012 - 16:09 | Link to Comment ilovefreedom
ilovefreedom's picture

Only bad if you have to liquidate your physical position to free up capital.

By this same logic we should use our entire federal budget for a time machine, go back to 1900 and get some of those dollars since they were worth 95% more than today's.

Wed, 03/14/2012 - 16:57 | Link to Comment VanceEva1
VanceEva1's picture

my classmate's sister makes $82 hourly on the internet. She has been out of work for 10 months but last month her income was $17192 just working on the internet for a few hours. Read more on this site ....  http://qr.net/h7eu

Wed, 03/14/2012 - 15:14 | Link to Comment SRSrocco
SRSrocco's picture

THINK GASOLINE PRICES ARE HIGH....HOW ABOUT DIESEL??

The Mining Industry runs on DIESEL not gas.  Refineries can only produce so much diesel per barrel of oil.  Technology can increase this percentage somewhat, but in a PEAK OIL SCENARIO, only so much diesel will be produced.  Things get very DICEY in the next several years.  Big Financial Firms are forecasting higher global metal production far into the next decade.  Silly analysts...

If the price of Diesel goes up and shortages start showing up on the scene, GLOBAL METAL PRODUCTION will decline and that will be the end of it.  No financial forecasts have any idea how to price metals in this environment.  GOD...this is going to be fun

The DAYS FOR PAPER are coming to an end.  Place your bets wisely....

LASTLY.....

WEST TEXAS CRUDE -$1.24 = $105.47

BRENT CRUDE = -$0.22 = $126.10

The price Americans pay for oil is BRENT CRUDE.  West Texas Crude is an anomaly for a few central states.  As we can see the price of Brent has not fallen much today, whereas the worthless WTIC shows how well manipulation works in the good ole US of A.

Wed, 03/14/2012 - 15:38 | Link to Comment OutLookingIn
OutLookingIn's picture

Take a look at the UCLA Ceridian Index out this morning;

Real time diesel usage by the transport sector down 3.2% YoY with no improvement shown since June 2010!

Wed, 03/14/2012 - 15:59 | Link to Comment SRSrocco
SRSrocco's picture

OutLookingIn... This is correct.  As the USA declines in domestic diesel consumption, the U.S. refineries export diesel to Mexico, South America and Europe.  Mexico will become a NET IMPORTER of oil well before 2020.  According to the IEA -International Energy Agency for Mexico:

MEXICO OIL INFO (mbd = million barrels a day):

2011 DEC Production = 2.93 mbd
2011 DEC Total Demand = 2.24 mbd
2011 DEC Net Oil Exports = 0.69 mbd

Then we have an estimation for 2012:

2012 Estimated Dec Production = 2.84 mbd
2012 Estimated Dec Demand = 2.30 mbd
2012 Estimated Dec Net Oil Exports = 0.54 mbd

This is the LAND EXPORT MODEL (developed by Jeffrey Brown) at its finest.  We have depletion and increased consumption as a DOUBLE WHAMMY.  This is taking place all over the world.

We must not forget, Mexico was an NET EXPOTER of OIL of about 1.80 mbd in 2003.  The more Gold and Silver mines that come online in Mexico, the more diesel consumption will be needed.  I would forecast Mexico will be a net importer of oil by 2016-2017.

Wed, 03/14/2012 - 15:02 | Link to Comment FlyoverCountryS...
FlyoverCountrySchmuck's picture

You know what the best part of all of this is, even if it hurts?

According to Monday's CBS/NYTimes Poll, a MAJORITY of Americans believe the President directly controls the price of gas.

The Democrats and the media spent YEARS, and a hundred million dollars in advertising (Free media and other) pimping this to the sheeple, who swallowed it. Now it's biting them in the ass.

NBC Evening News/MSNBC did 37 live gas price reports from the station two blocks away from the White House to illustrate just how high gas prices were in 2008. It was $5.69 for Reg at this station on Monday. I wonder why NBC/MSBC aren't doing live reports from this station now? Anyone know why??

ANYONE????

Wed, 03/14/2012 - 15:08 | Link to Comment trav7777
trav7777's picture

bc jews are infatuated with blacks?

Wed, 03/14/2012 - 15:53 | Link to Comment catacl1sm
catacl1sm's picture

Everyone wants a dog to smack around.

Wed, 03/14/2012 - 15:21 | Link to Comment FlyoverCountryS...
FlyoverCountrySchmuck's picture

(-1)... Someone doesn't like inconvenient truth.

Wed, 03/14/2012 - 15:54 | Link to Comment It was not me
It was not me's picture

Sell frickin crude oil call options short, this bastard will soon drop to teens as Armada Markets has forecast.

Wed, 03/14/2012 - 20:56 | Link to Comment sun tzu
sun tzu's picture

funny...they start plugging up the wells when it goes below $50

Wed, 03/14/2012 - 14:49 | Link to Comment ZeroChance
ZeroChance's picture

got bike?

Wed, 03/14/2012 - 15:10 | Link to Comment DCFusor
DCFusor's picture

Got Volt - and 10kw worth of solar panels.  Ha.

Wed, 03/14/2012 - 15:58 | Link to Comment Joeman34
Joeman34's picture

Does your Volt actually do anything other than stop paper from flying around?

Wed, 03/14/2012 - 14:50 | Link to Comment Jason T
Jason T's picture

China built 9 million cars in 2008 .. they build 18 million in 2010 and another 18 million in 2011..

 

US exports of gasoline exploding higher.  

 

Like Lightening it struck.. the wealth of the world has moved from the West to the East. 

Wed, 03/14/2012 - 15:03 | Link to Comment JustObserving
JustObserving's picture

And the Chinese like gold and silver.  If paper silver traded everyday was not several hundred times the silver produced everyday, the price of silver would be in the triple digits.

Real estate in Beijing alone was worth over $19 trillion in January 2011. That is enough to buy all the gold bullion in the world about six times over.  And the silver bullion - about 600 times over.

The Chinese and the Indians will be scooping up cheap gold and silver bullion as we play paper games here. Yes, the wealth is moving to the East.

 

Wed, 03/14/2012 - 15:07 | Link to Comment RmcAZ
RmcAZ's picture

Real estate in one city was worth almost 4x China's GDP? Sounds like an incorrect number, or a horrendous bubble.

Wed, 03/14/2012 - 15:14 | Link to Comment JustObserving
JustObserving's picture

"An article in China Economic Weekly on January 25 pointed out that the average real estate price in Beijing in 2010 had reached about 8,000 yuan per square metre. With a total land area of 16.41 billion square metres, the value of land in Beijing was 130 trillion yuan, or $US19.85 trillion, significantly higher than the US gross domestic product of $14.5 trillion in 2010. “That means the land value in Beijing is more than enough to ‘buy up America’,” the article stated.

 

Together, the land values of Beijing and Shanghai last year were 199 trillion yuan ($30.3 trillion), which is greater than the combined GDPs in 2009 of the world’s five largest developed economies—US, Japan, Germany, France and Britain."

http://wsws.org/articles/2011/jan2011/chin-j31.shtml

Wed, 03/14/2012 - 16:12 | Link to Comment LFMayor
LFMayor's picture

Which of course means its
1) True
2) sustainable

Wed, 03/14/2012 - 17:04 | Link to Comment TruthInSunshine
TruthInSunshine's picture

China is unstable (what would one expect given their massive decade-long growth bender now, as a developing nation chock full of 1.2or3ish billion people and the factory floor of the world?), meaning that they very likely could have simultaneous popping of specific asset bubbles even as consumption of less flexible products remains elevated.

Wed, 03/14/2012 - 16:51 | Link to Comment D-Man
D-Man's picture

You are spot on. If you notice in the so called bubble all the adds are to BUY gold from you, not sell gold to you. That is because they are buying all the can and shipping it to the east. I know a gold dealer and he says lots of people are coming in to sell gold to raise money due to the shit economy in the US. He takes all of this and ships it over to Asia for a nice profit. If you're in the US buy physical while you still can. When the world financial system starts to collapse, and it will, it will be too late to buy physical then. No one will be selling and Asia will not be sending it back!

Wed, 03/14/2012 - 14:50 | Link to Comment FlyoverCountryS...
FlyoverCountrySchmuck's picture

Is this REALLY the Hope-N-Change you thought you were voting for?

Wed, 03/14/2012 - 21:40 | Link to Comment sun tzu
sun tzu's picture

waiting for my free gas and rent. 

Wed, 03/14/2012 - 14:51 | Link to Comment Hippocratic Oaf
Hippocratic Oaf's picture

Ain't no cure for the summertime bluuuuuuuues.

Wed, 03/14/2012 - 14:51 | Link to Comment Quinvarius
Quinvarius's picture

Must be that strong dollar the Fed and Treasury are painting on the FOREX charts.  LOL.

Wed, 03/14/2012 - 14:52 | Link to Comment CharliePrince
CharliePrince's picture

Going for a walk

Wed, 03/14/2012 - 14:52 | Link to Comment BLOTTO
BLOTTO's picture

Someone please 'fan the fire' faster...

This limbo period is the worst fucking bulshit.

 

Wed, 03/14/2012 - 14:53 | Link to Comment digitlman
digitlman's picture

AMEN.

Wed, 03/14/2012 - 14:58 | Link to Comment NotApplicable
NotApplicable's picture

They can't shake the weak hands out of the tree too hard, lest they break the whole tree, allowing some of us to escape.

So what they do is to shake it as slow as possible knowing that while your grip may be strong today, tomorrow may be a different story.

They won't break the tree until most all of us have succumbed to their pressure.

Wed, 03/14/2012 - 14:54 | Link to Comment NotApplicable
NotApplicable's picture

Gee, with no one on the road, how will the cops run their "checkpoints" without it being obvious to all that they only do it to get easy overtime in order to pad their retirement pay?

Wed, 03/14/2012 - 14:55 | Link to Comment astartes09
astartes09's picture

Its $5.05 in downtown Los Angeles 

Wed, 03/14/2012 - 15:00 | Link to Comment urbanelf
urbanelf's picture

Please don't say that.

Wed, 03/14/2012 - 15:09 | Link to Comment trav7777
trav7777's picture

where is RoboTurd to bleat about the "collapse" in gas prices in LA?

Wed, 03/14/2012 - 15:39 | Link to Comment fuu
fuu's picture

Hanging out with RedNeckRepugnicant yearning for the limelight.

http://wallstreetbear.com/board/view.php?topic=96300&post=350315

Wed, 03/14/2012 - 16:22 | Link to Comment catacl1sm
Wed, 03/14/2012 - 16:55 | Link to Comment scatterbrains
scatterbrains's picture

That shit made me laugh.  So I guess since the only place in America where jobs are booming is the beltway, Exxon makes sure all the politicians heading home see the jacked up prices they are helping to cause..  or are prices really that high in the Virginia/Maryland area ?

Wed, 03/14/2012 - 18:47 | Link to Comment trulyslide
trulyslide's picture

That's the station outside the Watergate near the Lincoln Memorial. It's always about $1 more/gallon than most stations in the area.

Wed, 03/14/2012 - 15:09 | Link to Comment Shizzmoney
Shizzmoney's picture

You are fuckin' kidding, right? $5.05?  Jesus Christ!

I mean, my boy told me he saw $4.40 in San Diego, and how half of his conversations with co-workers today are mostly "cheap gas hunting" with station i nthe area!

Wed, 03/14/2012 - 15:14 | Link to Comment urbanelf
urbanelf's picture

It's averaging $4.40 in LA, but there are some areas where the price gets pretty spicey.  http://losangelesgasprices.com

Wed, 03/14/2012 - 15:27 | Link to Comment SemperFord
SemperFord's picture

Higher in Santa Monica, I hate that plce anyway, can't find parking without a permit!

Wed, 03/14/2012 - 14:59 | Link to Comment johnQpublic
johnQpublic's picture

thats why i walk to the ipad ,er i mean grocery store

Wed, 03/14/2012 - 14:59 | Link to Comment Everybodys All ...
Everybodys All American's picture

Who would have guessed when you create five triillion in debt and have the Fed monetize a good majority of that debt that gas prices would be effected? Huh, never saw that coming. Dumb Bastards.

Wed, 03/14/2012 - 14:59 | Link to Comment skepticCarl
skepticCarl's picture

This is pretty much the high for gasoline.  The high usually occurs about Memorial Day, so there will be some slight overall increase in various parts of the country until then.  But the price of Crude is finally rolling over, due to the high supplies and lessening of demand.

Wed, 03/14/2012 - 15:01 | Link to Comment Dr. Engali
Dr. Engali's picture

Just keep telling yourself that.

Wed, 03/14/2012 - 15:03 | Link to Comment NotApplicable
NotApplicable's picture

Seasonal high? What about the approaching war season?

Wed, 03/14/2012 - 15:05 | Link to Comment Hippocratic Oaf
Hippocratic Oaf's picture

Carl..........really?

Wed, 03/14/2012 - 17:11 | Link to Comment Race Car Driver
Race Car Driver's picture

No, not really. It's Carlos Caliente!

Wed, 03/14/2012 - 15:00 | Link to Comment Seasmoke
Seasmoke's picture

i truly miss 1999......those were the good old days !

Wed, 03/14/2012 - 15:29 | Link to Comment SemperFord
SemperFord's picture

Used to fill up my 65 Coupe for 98 cents a gallon in Los Angeles :)

Wed, 03/14/2012 - 15:43 | Link to Comment OutLookingIn
OutLookingIn's picture

Key phrase "used to." Now you can get 'used to' the new paradigm! 

Wed, 03/14/2012 - 19:24 | Link to Comment Winston Churchill
Winston Churchill's picture

I can be that.

Iran 1974,24 imp.gals was $2.

Had to hand crank the pump though.

Wed, 03/14/2012 - 15:03 | Link to Comment Bold Eagle
Bold Eagle's picture

Bloomberg reported today that gasoline consumption is down 7.2 percent Y/Y.. AAA reported that gas prices are up 7.2 percent Y/Y. Coincidence?

Wed, 03/14/2012 - 16:05 | Link to Comment LawsofPhysics
LawsofPhysics's picture

And what about world consumption/purchasing?  The American customer and the dollar become less fucking relevant every day.

Wed, 03/14/2012 - 23:18 | Link to Comment DaveyJones
DaveyJones's picture

you mean 300 million don't control a 7 billion person marketplace? But...we have hot dogs and Roundup

Wed, 03/14/2012 - 15:03 | Link to Comment JPM Hater001
JPM Hater001's picture

This is bullish for sailboats.

Cant wait till I launch.

Wed, 03/14/2012 - 15:07 | Link to Comment NotApplicable
NotApplicable's picture

Better yet, you'll be able to out run the competition!

http://www.bloomberg.com/news/2012-01-25/container-ships-at-clipper-spee...

Wed, 03/14/2012 - 15:11 | Link to Comment trav7777
trav7777's picture

massive overcapacity of ships right into the oil peak...wtf could possibly go wrong?

Wed, 03/14/2012 - 15:16 | Link to Comment JPM Hater001
JPM Hater001's picture

This boat cost my buddy $1100 a refill last year.  Each time.

http://www.chaparralboats.com/2011/chaparral/Chaparral-Boat.php?boat_id=13&page=home

Mine was usually around $60.  If I filled it...I should add.

Wed, 03/14/2012 - 15:21 | Link to Comment Silver Dreamer
Silver Dreamer's picture

My feet don't need to be filled up, and the only cost is in the boots worn on them.  I happen to have plenty of boots too.

Wed, 03/14/2012 - 15:57 | Link to Comment Eli the Ice Man
Eli the Ice Man's picture

That is why you do not buy a terribly photoshopped boat. Shit, give me a plastic kayak or a little sailboat and I will be happy.

Wed, 03/14/2012 - 17:00 | Link to Comment scatterbrains
scatterbrains's picture

I wonder what the landfill will charge him to dump that boat when gas runs well above $5 a gal.?  Aint no pussy in the world worth $1100 a tank full.

 

Wed, 03/14/2012 - 16:06 | Link to Comment SRSrocco
SRSrocco's picture

trav7777.... funny, back in 2009 when the markets bottomed, South Korea had 3-5 year backlog of more huge Container Ships & Oil Tankers still to build.  I would imagine they are still buidling these damn things. 

And they call these EFFICIENT MARKETS??

Wed, 03/14/2012 - 15:27 | Link to Comment surf0766
surf0766's picture

Nothing beats sailing..

Wed, 03/14/2012 - 15:10 | Link to Comment Hedgetard55
Hedgetard55's picture

The stampede into Apple and BAC today signals the end of this run, and a sharp correction coming. Look out below Friday.

Wed, 03/14/2012 - 15:22 | Link to Comment Biggvs
Biggvs's picture

Or Monday. Gotta pump through options expiration.

Wed, 03/14/2012 - 15:12 | Link to Comment gaoptimize
gaoptimize's picture

If you believe a 2009 Congressional Research Service Study "Department of Defense Fuel Spending, Supply, Acquisition, and Policy", the increase in fuel prices will likely directly put upward pressure on the deficit.

 

Wed, 03/14/2012 - 15:13 | Link to Comment Biggvs
Biggvs's picture

The 3pm market ramping robots are stuck in the sandtrap on the 18th.

Wed, 03/14/2012 - 15:20 | Link to Comment urbanelf
urbanelf's picture

Before you guys start panicking, I want to point out that gas is only 0.0076 iPads/Gallon.  Has gas ever been this cheap?

Wed, 03/14/2012 - 16:54 | Link to Comment D-Man
D-Man's picture

That's awesome!

Wed, 03/14/2012 - 15:21 | Link to Comment adr
adr's picture

A few algo plugs must have been pulled today when Apple almost hit $600. The puppet masters probably thought that would be a little insane for today.

Wed, 03/14/2012 - 15:23 | Link to Comment PatBateman
PatBateman's picture

Make a Volt that doesn't turn into a tiki torch after your drive it, then problem solved.

Wed, 03/14/2012 - 15:28 | Link to Comment bobola
bobola's picture

I commuted to work via bicycle 5 days 2 weeks ago, 5 days last week and every day this week so far.

Has been 5 weeks or so since I paid for gas.

Join me in the Bike Liberation Army.

Wipe the dust off that bike stored in your garage or basement...top off the air in the tires....lube the chain...

Wave to folks filling up at their SUV's at gas stations as you ride by.

Hummer owners get an extra long wave.

Lose excess weight, get healthier and cut your transport costs.

All good...... 

Wed, 03/14/2012 - 15:48 | Link to Comment NotApplicable
NotApplicable's picture

There's enough asshole, militant, bike-Nazis here that they've made riding in public far too dangerous.

I like to point this out whenever I get a chance to thank them for relentless activism in service of divide and conquer. One minute they're saying "we aren't trying to be a nuisance, we just want to share the road safely."

The next minute? Why they're organizing a Critical Mass ride at rush hour in order to "raise awareness about Tibet."

Idiots

Wed, 03/14/2012 - 17:01 | Link to Comment bobola
bobola's picture

Not,

So true.  What you described is exactly why I ride solo.

On the rare occassion when I am driving my truck and see 2 bikers side by side ahead of me I roll down the pasanger side window, get as close as possible and yell  "Single file"...

Bikers who hog the road really piss me off............

Wed, 03/14/2012 - 15:50 | Link to Comment Jason_1sandal
Jason_1sandal's picture

56 mile round trip.... a bycycle wouldn't work for me..... scooter.... maybe in the summer time

Wed, 03/14/2012 - 16:26 | Link to Comment catacl1sm
Wed, 03/14/2012 - 15:29 | Link to Comment PontifexMaximus
PontifexMaximus's picture

Still too cheap in the US. Obama needs high prices, because otherwise BB will become useless.

Wed, 03/14/2012 - 15:31 | Link to Comment earleflorida
earleflorida's picture

from 'Drudge' today --- 'NatGas Act' voted down. Why? Seems the true beneficiaries would have been T.Boone  [Fuel Systems] Pickens, George [Westport] Soros, and Keven G. [Clean Energy Fuels Corp.] Douglas. 

Who gives a fuck! Someone's gotta make a profit. JMO,... says, the greedy bastards all wanted a piece of the pie and are going to shake down the "3 Amigo's" for every last fucking penny they can squeeze out their ass's.

CNG = Gasoline alt. __ LNG = Diesel alt.

N.Mexico, Colorado, Nevada key states for 'natgas industry'  http://www.humanevents.com/article.php?id=50163

Ps. Idaho, and Wyoming private land grab, coupled with gov't federal land sweetheart deals for Russian Uranium exploration/ excavation and Chinese oil exploration/ excavation!

Nice! 

Wed, 03/14/2012 - 15:53 | Link to Comment NotApplicable
NotApplicable's picture

The fact that fedgov "owns" the majority of the western US should scare the shit out of anyone who lives there to escape the DC control.

If you've ever wanted to find out what living in a toxic wasteland is like, well, just keep your windows open. Personally, I couldn't imagine living comfortably anywhere that wasn't in a region of privately-owned property.

Of course, fedgov now owns almost every mortgage too...

Wed, 03/14/2012 - 15:32 | Link to Comment Peter K
Peter K's picture

And the Obamadisaster just keeps on getting worse:(

Wed, 03/14/2012 - 15:46 | Link to Comment Agent P
Agent P's picture

I drive 90 miles round trip to work.  The wife probably adds another 50 on average.  I simply view the price of gas as nothing more than a cost of doing business...an ever exponential growing MOTHERFUCKING COST OF DOING BUSINESS!!!

Where's the Tylenol?

Wed, 03/14/2012 - 15:47 | Link to Comment catacl1sm
catacl1sm's picture

OMG. A DWTS ad appeard. That's too fucking funny.

Wed, 03/14/2012 - 15:54 | Link to Comment NotApplicable
NotApplicable's picture

Those ads are custom-based on your browsing behavior, btw.

Wed, 03/14/2012 - 16:35 | Link to Comment catacl1sm
catacl1sm's picture

Of course. I read a synopse of the last 'The Walking Dead' on some MSNBC entertainment page yesterday. I just found it ironic considering how often we (ZH'ers) reference DWTS. It's funny.

Wed, 03/14/2012 - 17:03 | Link to Comment CoolBeans
CoolBeans's picture

Well, that being said I'm a gal and I can assure you that I'm not looking at anything on my private computer that would involve Japanese dating, looking for sugar daddies and the like.  So, while some ads pop up that makes sense (in terms of shopping I've done or ?) - some of these ads just are so randon.  Maybe Google equates my buying chocolate on-line with the need for a sugar daddy?

Wed, 03/14/2012 - 19:17 | Link to Comment Winston Churchill
Winston Churchill's picture

Download  Mozilla Firefox browser and select non tracking mode.

Problem solved.

Wed, 03/14/2012 - 20:50 | Link to Comment Race Car Driver
Race Car Driver's picture

... and then install AdBlock Plus. No ads at all... anywhere.

Wed, 03/14/2012 - 15:51 | Link to Comment aquagreen73s
aquagreen73s's picture

Cool.

 

Just got a Nissan Leaf.

Wed, 03/14/2012 - 15:51 | Link to Comment josecokem
josecokem's picture

I always pay $3 gallon and said to the guy in the gas station that this $5 is a temporal thing, nothing important,  then I gave him a copy of selected Ben speeches and some cnbc shows along with my $3 dollar.

Wed, 03/14/2012 - 15:58 | Link to Comment MunX
MunX's picture

It's the speculators right?

 

/sarcasm

Wed, 03/14/2012 - 16:03 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Pssst, oil  is the world's reserve currency.

Wed, 03/14/2012 - 23:31 | Link to Comment jywhy999
jywhy999's picture

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Thu, 03/15/2012 - 02:43 | Link to Comment Meremortal
Meremortal's picture

I like the lighter traffic.

Thu, 03/15/2012 - 03:53 | Link to Comment cnhedge
cnhedge's picture

 

This is why Fed should ease further.

 

http://www.cnhedge.com/thread-3032-1-1.html

http://www.jinrongbaike.com/

 

Do NOT follow this link or you will be banned from the site!