I heard gas should be about $6.00 in NJ by Wednesday. NJ has probably one of the lowest in the country so I would expect some other states to go up to $8-$9, maybe $10.

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I think that those prices are rather exaggerated but I do agree that this is insane. We all know that oil refineries in Florida do not effect the amount of refined fuel in Kansas because they have their own oil refineries. What we need to do is tell the oil companies that we are tired of their price hikes just to make some extra profit. I hope that gas prices go down not up.

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Exactly why would prices be going up that much?

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Because of the oil plants in Texas were shut down due to the hurricane is what I heard last.

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Here in the Toronto Ontario area, gas prices are about $1.10/liter (Canadian). So that would be about US$3.70/gal.

There's some talk about prices going up to around $2.00CAD/liter (US$6.50/gal) but that's just rumor and speculation. It really makes you wonder if the rumors are started by the oil companies so they can justify raising the prices.

We have our own oil and gasoline reserves and I'm not sure exactly why Texas refineries being out of commission should affect us so much.

Yesterday, people were lining up at gas stations to fill up before prices go up. Some people were waiting over an hour to get gas. And this was all because of the rumors! By the afternoon, gas stations had actually run out of gas because of the high demand and had to wait for refueling before they could open again.

End result at the end of the day? No increase in price but they sold a ton of gas.

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From an economics stand point, you answered you own question as to why gas prices are going up. "People were lining up at gas stations to fill up before prices go up." This demand in fact creates a smaller supply. Even if no shortage would have been caused by oil producers, the simple fact that people are filling up in anticipation of an event, causes the event to happen. Its a really messed up catch twenty two.

 

 

 

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The whole gas problem is bad. What are people suppose to do when gas is so expensive. I think it's getting a little ridiculous. I think if our "president" wanted to keep his people safe he would do more for them. Look at all the problems down south. The flooding thats happening is because none of the areas hit were prepared for hurricanes. I think that's our countrys fault. I don't know what everyone else thinks, but I think it's pathetic.

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That is stupid for gas, I'm too young to drive so I don't have to worry about it. I heard they were starting to go down.

In Washington, $2 - $3 for gas per gallon.

AmandaB78, you don't have to quote the main post of this topic.

Oh, I meant Washington, USA not D.C.

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I think gas will be on the rise for a while. The Hubbert Oil Graph predicted this a long time ago. I am a major environmentalist, so gas falls into a catogory that I like to research on.

The worlds oil is starting to get low. Soon, gas will take a major rise, then, we should start to look for alternative energy. That is my take on it.

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don't get me started with Gas prices again, we pay an average of 2.80 CAD per litre in Turkey so consider yourselves lucky

to better give you an idea, I fill up a corolla for around 120 CAD which is approximately 100 US.

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