Gas prices more in Ohio

State's average price is 21 cents higher than national average.
Associated Press
Jun 3, 2013

The price of gas has gone back up in Ohio and continues to remain higher than the national average.

A gallon of regular gas in Ohio was listed at an average of about $3.83 in Monday's survey from auto club AAA, the Oil Price Information Service and Wright Express. That's up 14 cents from last week's average.

The Ohio price this week is 21 cents higher than the national average.

The state average is about 15 cents higher than this time last month, and 27 cents higher than at the same time in 2012.

The price of oil remains below $92 a barrel as prices are being pressured by weak economic outlook around the world.

Click here for the AAA Daily Fuel Gauge Report.

 

Comments

your master

they must figure we can afford it.

Kimo

My comments seem to draw trolls.

Contango

@ Kimo:

DERP!

Conversely and sticking to THE topic:

If according to his pundits, Pres. Obama is above reproach concerning the price of oil (down), then shouldn't the same COURTESY be extended to Gov. Kasich?

http://data.cnbc.com/quotes/%40CL.1

Contango

@ Kimo:

Can't defend your childish comments with honest debate eh? :)

gene44870

I see why this price of gas is going up , its summer time and them oil thieves want to get more for the buck
Get that oil off the damn stock market ,this BULL CRAP

Contango

Re: "Get that oil off the damn stock market,"

Whom and how would determine the market price?

FYI: Refining and oil production are two distinct and separate industries. Most of the majors no longer refine.

Maggdi

And no new refinery's built in this country..in what? 30-35 years? How long since someone applied to the EPA for a permit?
As an aside, and I'm sure signifying nothing.
Did you know Iran has miniscule refining capabilities? They get their gas from other countries..

S w Rand 2016

@gene Actually, no. I don't think you see, sir.
The reason that food and fuel are going up is, in part, because the CPI (Consumer Price Index) doesn't include food and fuel. So, therefore, when Ben Bernanke is printing billions of dollars out of thin air every month and he claims that everything is okay, he isn't telling us that food and fuel are doing okay. He is just saying that everything in the CPI is okay.

And, as long as there are competing currencies in the world, you cannot just print your currency out of thin air and expect it not to decrease in value. And, as it decreases, you have to expect for it to cost more of that currency to buy goods and services.

If you can convince the BRICS group (Brazil, Russia, India, China, South Africa) to abandon their plans to create a new reserve currency and, instead, to accept the dollar as the only valid currency in the world (along with convincing every other country in the world), then we could print as much as we want.
I just don't think they are gonna go for that, though. I think China and Russia would go to war with us instead.

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Senator Rand Paul for President in 2016, for hard-hitting govern-from-the-center leadership that is sure to bring Congress together to rectify the state of our union. I'm calling it ahead of time : P
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gene44870

Why does everything need to be on the market ? Its just another way to jack up the price of something and then blame it on the market , or on other wards an excuse . And why is it that before Bush was in office the price was up some what , but after he got in the price went through the roof , and I can tell yea that more then likely the cost of drilling hasnt gone up all that much in recent years .
In all the Oil companies and the stock market are price fixing to keep the price up , and our senate as well as the president are going along with it cause they are scared to go up against the big companys

gene44870

Why does everything need to be on the market ? Its just another way to jack up the price of something and then blame it on the market , or on other wards an excuse . And why is it that before Bush was in office the price was up some what , but after he got in the price went through the roof , and I can tell yea that more then likely the cost of drilling hasnt gone up all that much in recent years .
In all the Oil companies and the stock market are price fixing to keep the price up , and our senate as well as the president are going along with it cause they are scared to go up against the big companys

Contango

Re: "Why does everything need to be on the market ?"

When one buys or sells something, one is IN the mkt.

Can you answer the question?

Whom and how would determine the market price?

Guess you weren't around for the gas lines when the price per barrel of oil was regulated by the govt.

The 'easy' oil has been found, oil cos. need to go deeper and off shore now.

Also, China is now the second biggest user of oil. They weren’t around 20 yrs. ago.

arnmcrmn

I have a feeling that gene would want everything to cost next to nothing....that is everything except the field that he works in.

Really are you ...

The stock market has to be the biggest ponzi scheme out there. What happens if, say, an investment firm buys one hundred thousand barrels of crude oil. They hold on to it for a long while and watch the price climb and climb. Then they finally decide to cash in on those one hundred thousand barrels they purchased a long time ago, and there are only seventy- five thousand barrels left. Isn't that what Bernie Madoff got in trouble for not too long ago? Investing in stuff that was not there?

Contango

@ Really are you ...:

Re: "They hold on to it for a long while and watch the price climb and climb."

And what happens if the price declines as it has been? No guarantees on profitablity.

Remember: For a trade to take place, there MUST be a buyer AND a seller.

Oil is "fungible": The price in one part of the world affects it elsewhere.

Do you have any retirement investments or are you just planning to live off of the crumbs that the govt.' s gonna give you?

Numerous important differences between investing and Ponzi schemes.

Really are you ...

... It is about supply and demand, future consumption... The price per barrel on the stock market is falling? Why is the price not falling at the pump? The price of fuel increased because of the stock market, why is the price not declining with the stock market?

S w Rand 2016

Check my other comment (above) and check the news clip at http://www.youtube.com/watch?v=S...
Also notice that we haven't had a truly free market in a long time.
Take all of this in and draw the likely conclusions that this will have in the real world.

I am sure Contango will be along to elaborate on things and/or details which I am not well-versed in. EDIT: He did, further down in the comments.

Fromthe419

The prices are the direct result of Globalization. Take a look at what we export:

http://www.worldsrichestcountrie...

Our export of oil grew 208.5%. With all the Fed's money printing I was surprised that I didn't see inflation as our number one export :)

KURTje

GEBE. Not for everyone but hey...

The Hero Zone's picture
The Hero Zone

I'm happy I just got a new PriusV Hybrid. Feels good to see a 440 mile range on a full tank of regular fuel.

arnmcrmn

Im really surprised we haven't seen $5.00 a gallon yet. 2008...your president said that $5.00 for a gallon wouldn't be a bad thing, as long as it was a gradual increase.

We have had the longest run of highest gas prices ever under any president....thank Obama.

santown419

The economy drives gas prices more than any president." and under bush gas rose 50 cents under obama.This month, gas is $3.85, more than a dime cheaper than at this point during Bush's second term when adjusted for inflation.

Contango

Re: "... It is about supply and demand, future consumption..."

Better put the Fed's policies of QE and ZIRP in the mix - causing malinvestments by pushing up asset values and the search of yield.

Also, as I wrote: Refining and oil production are TWO DISTINCT INDUSTRIES.

Most majors sold off their refineries because they were losing money. Most majors don’t own gas stations – they’re franchises.

Lastly, gas is essentially a LOSS LEADER. Stations make their money on cigs, food, lottery tickets, etc.

Contango

Trying to explain market based economics to socialists is generally a waste of time.

Hell, the Soviets had Gosplan - it's job was to set prices and to allocate resources.

There ain't NO WAY a bunch of centralized planning bureaucrats even with the most sophisticated computers can standardize and correctly price millions of products nationally on a minute by minute basis.

American socialists stupidly think that THEY can succeed where the Russians (who are damn smart) failed - THEY CAN'T!

http://en.wikipedia.org/wiki/Gos...

The Big Dog's back

You and Cutty Sark need to part company.

MOJO68

Remember the last time the Senate had hearings with the "OIL MEN"? They said the increases in gas prices were to "build new refineries" and that they had the right to "make a profit" ? Where does profit end and and price gogging start? I think we should all fill up on a Friday and not buy gas for four or five days. Boycott the gas stations and see what happens. These idiots won't be happy till they get $4.25 a gallon. We are almost there now. They are probably there in California already. I am calling home tomorrow to find out. This sucks.

Fromthe419

I checked Gasbuddy and saw Chicago and the low was 4.19 and the high was 4.59. Detroit's low 3.98 and high was 4.19. I have a feeling we gonna see 4 plus sometime soon.