current gas prices appreciation thread

Rarely-Wrong Liggins

Name another Liggins hot I'm just honest.
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Gas prices are a total scam. Theyre not governed by supply and demand like economics would suggest. It's simply based on speculation which is horeshyt. There's neer been a shortage of gas in my lifetime.

Remembers 4 yrs ago before the election them prices dropped below $2 only to shoot up soon as :obama: got in office.

Well, you have to remember the economy suffered a major recession on a global scale.
 

BlazedWun

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oh and by the way, Iran is about to fukk all that cheap gas up.

Iranian lawmakers have drafted a bill that would close the Strait of Hormuz for oil tankers heading to countries supporting current economic sanctions against the Islamic Republic.

*"There is a bill prepared in the National Security and Foreign Policy committee of Parliament that stresses the blocking of oil tanker traffic carrying oil to countries that have sanctioned Iran," Iranian MP Ibrahim Agha-Mohammadi told reporters.

"This bill has been developed as an answer to the European Union's oil sanctions against the Islamic Republic of Iran."

Agha-Mohammadi said that 100 of Tehran's 290 members of parliament had signed the bill as of Sunday.

Iran's threats to block the waterway through which about 17 million barrels a day sailed in 2011 have grown in the past year as US and European sanctions aimed at starving Tehran of funds for its nuclear programme have tightened.

The Strait of Hormuz is a vital shipping route through which most of the crude exported from Saudi Arabia, the United Arab Emirates, Kuwait and Iraq and nearly all the gas exported from Qatar sails.

An EU ban on Iranian oil imports came into effect on Sunday.

Investigative journalist and historian Gareth Porter believes the bill’s introduction is a step in a series of actions that Iran can take to hamper oil shipments through the Strait of Hormuz, causing oil prices to skyrocket.

“What we can look forward to in the coming weeks and months is that the Iranians will make a series of moves, beginning with this bill in the Majlis, threating to pass the bill; if that doesn’t have an effect, certainly going ahead with the passage,” Porter told RT. “Then first in a series of limited moves towards threatening to actually put mines in the strait to prevent the shipping of oil from going through. And then, I think, Iranians have the option of a very limited use of mines, with very few mines being dropped in this strait to try to get the price of oil to shoot up, for one thing, and to get the United States to react.”

http://www.rt.com/news/iran-bill-hormuz-strait-218/
 

THASTUNNA

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It's like 3.75 around here. I remember a few weeks ago it was going down. Then all of a sudden it jumps back up. There isn't no reason for us to be paying so much for gas.
 

50CentStan

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The Ummah!
They can stop taxing gas, they can put caps on how much they charge, there's a lot of solutions but oil & gas is big business. The higher the price per barrel the better the oil companies do
 

skeetsinternal

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We still far cheaper than Europe? THink its something like 4-5 Euro per liter. Correct me if wrong
 

dabestkeptsecret

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I remember when I first got my whip gas was about 1.20. nikkaz was getting mad when gas was getting closer to 2 bucks a gallon. What really messed everything up was hurricane Katrina. Cats were increasing gas prices every hour.
 

1thouwow

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Europe gas is dumb expensive. Thats why everybody over their drives stick, small ass cars, and old ass cars.
 
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