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 | 2255261 Cognitive Dissonance
Cognitive Dissonance's picture

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

Wed, 03/14/2012 - 14:51 | 2255274 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 | 2255284 fuu
fuu's picture

How's platinum doing?

Wed, 03/14/2012 - 15:06 | 2255347 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 | 2255461 fuu
fuu's picture

Not bad for government work.

Wed, 03/14/2012 - 15:45 | 2255499 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 | 2255590 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 | 2255726 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 | 2255733 CompassionateFascist
CompassionateFascist's picture

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

Wed, 03/14/2012 - 20:51 | 2256397 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 | 2256115 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 | 2255292 VulpisVulpis
VulpisVulpis's picture

She is nice.

Wed, 03/14/2012 - 15:07 | 2255354 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.


Wed, 03/14/2012 - 15:11 | 2255369 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 | 2255446 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 | 2255487 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 | 2255598 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 | 2255631 Dr. Richard Head
Dr. Richard Head's picture

A panty ruffler?  Yes.

Wed, 03/14/2012 - 16:19 | 2255638 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 | 2255667 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 | 2255293 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 | 2255318 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 | 2255381 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 | 2255453 trav7777
trav7777's picture

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

Wed, 03/14/2012 - 16:53 | 2255743 CompassionateFascist
CompassionateFascist's picture

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

Wed, 03/14/2012 - 16:55 | 2255750 XenoFrog
XenoFrog's picture

Speak softly and carry a positive balance.

Wed, 03/14/2012 - 15:32 | 2255469 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 | 2255474 LongSoupLine
LongSoupLine's picture

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


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

Wed, 03/14/2012 - 23:53 | 2256735 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 | 2255491 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 | 2255612 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 | 2255643 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 | 2255650 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 | 2255850 mayhem_korner
mayhem_korner's picture



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

Wed, 03/14/2012 - 16:23 | 2255651 geminiRX
geminiRX's picture


Wed, 03/14/2012 - 15:57 | 2255551 Unmisinformed
Unmisinformed's picture

I just can't help myself!


[Loud Retard Voice On]


[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 | 2255606 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 | 2255766 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 | 2255303 SRSrocco
SRSrocco's picture


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....


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 | 2255486 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 | 2255505 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 | 2255322 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??


Wed, 03/14/2012 - 15:08 | 2255358 trav7777
trav7777's picture

bc jews are infatuated with blacks?

Wed, 03/14/2012 - 15:53 | 2255534 catacl1sm
catacl1sm's picture

Everyone wants a dog to smack around.

Wed, 03/14/2012 - 15:21 | 2255421 FlyoverCountryS...
FlyoverCountrySchmuck's picture

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

Wed, 03/14/2012 - 15:54 | 2255539 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 | 2256405 sun tzu
sun tzu's picture

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

Wed, 03/14/2012 - 14:49 | 2255264 ZeroChance
ZeroChance's picture

got bike?

Wed, 03/14/2012 - 15:10 | 2255366 DCFusor
DCFusor's picture

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

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