{"id":216,"date":"2013-05-17T00:19:00","date_gmt":"2013-05-17T00:19:00","guid":{"rendered":"http:\/\/highplainsblogger.wordpress.com\/2013\/05\/17\/prices-go-up-quickly-recede-like-molasses"},"modified":"2013-05-17T00:19:00","modified_gmt":"2013-05-17T00:19:00","slug":"prices-go-up-quickly-recede-like-molasses","status":"publish","type":"post","link":"https:\/\/highplainsblogger.com\/?p=216","title":{"rendered":"Prices go up quickly, recede like molasses"},"content":{"rendered":"\n
Tweet<\/a><\/div>\n

Forgive me for repeating myself, but stories like this drive in insane.<\/p>\n

Gasoline prices in Amarillo have shot up dramatically in just two days. They stand at roughly $3.69 per gallon for regular unleaded. Three days ago they were \u2013 what? \u2013 $3.39, or something like that.<\/p>\n

http:\/\/www.connectamarillo.com\/news\/story.aspx?id=898675#.UZV0cUoo6t8<\/a><\/p>\n

I read something online that an Oklahoma refinery breakdown might be the cause. So what\u2019s the deal? Do dealers panic? Is it the wholesalers who are panicking?<\/p>\n

We motorists are now suffering a bit of sticker shock because of this dramatic jump in the price of petrol. But we all know what\u2019s likely to happen if<\/em> the prices start to recede. They\u2019ll go back down, but the retailers sprinkled around Amarillo aren\u2019t going to let the bottom fall out any time soon. They bring it down a penny or two at a time in most cases. <\/p>\n

The cynic in me believes they\u2019re hanging on for dear life to the profits they\u2019re accruing from the price spike, although one of those retailers keeps telling me he sees little actual profit from the sale of gasoline. Whatever, dude.<\/p>\n

An NPR story the other morning told an interesting story of how the worldwide energy market is changing. The world\u2019s biggest consumer<\/em> of oil \u2013 the U.S. of A. \u2013 is becoming one of the world\u2019s biggest suppliers<\/em> of oil. Shale oil discoveries in the Dakotas have uncovered a vast potential supply of oil that reportedly dwarfs what the Saudis have under their ground. The No. 1 consumer nations likely are going to be China and India, both with developing and rapidly growing economies.<\/p>\n

NPR reports that the United States is moving toward self-sufficiency once the oil is developed and the gas starts flowing from pumps. <\/p>\n

Will that allow us some price stability? Will it prevent the kinds of spikes we see whenever some potentate passes gas (no pun intended) in a Middle East nation?<\/p>\n

I don\u2019t know how many more of these price shocks I can stand.<\/p>\n\n

Tweet<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Forgive me for repeating myself, but stories like this drive in insane. Gasoline prices in Amarillo have shot up dramatically in just two days. They stand at roughly $3.69 per gallon for regular unleaded. Three days ago they were \u2013 what? \u2013 $3.39, or something like that. http:\/\/www.connectamarillo.com\/news\/story.aspx?id=898675#.UZV0cUoo6t8 I read something online that an Oklahoma … Continue reading Prices go up quickly, recede like molasses<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-216","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=216"}],"version-history":[{"count":0,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/216\/revisions"}],"wp:attachment":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}