carapace – Not your father's america

May 15th, 2013

Via: Telegraph:

MPs and energy experts tonight raised fears motorists have been “taken for a very expensive ride”, after officials searched the offices of BP and Shell for evidence of price-rigging.

The companies are suspected of distorting the oil price since 2002, meaning drivers have potentially been ripped off for more than 10 years.

Over that time, petrol prices have risen dramatically by more than 80 per cent to around 135p per litre.

European investigators, who raided the London offices of BP and Shell, said the alleged price-rigging could have had a “huge impact” on the cost of oil, including the price of fuel for consumers.

The investigation into market-fixing already has echoes of the Libor scandal, which saw the banks falsely report key interest rates used to calculate mortgages. It cost several British banks hundreds of millions of pounds in fines.

FROM: http://www.cryptogon.com/?p=35144

Weekly Retail Gasoline Prices, Regular Grade, by Week and PADD
(Self Service Prices per Gallon, Including Taxes)

Date                            4/29/2013    5/6/2013  5/13/2013
U.S.                                3.520      3.538      3.603
PADD 1 - East Coast                 3.458      3.452      3.484
PADD 1a - New England               3.519      3.521      3.551
PADD 1b - Central Atlantic          3.498      3.490      3.522
PADD 1c - Lower Atlantic            3.410      3.403      3.435
PADD 2 - Midwest                    3.554      3.608      3.678
PADD 3 - Gulf Coast                 3.295      3.299      3.364
PADD 4 - Rocky Mountain             3.484      3.491      3.560
PADD 5 - West Coast                 3.800      3.811      3.938
PADD 5b - West Coast less CA        3.619      3.639      3.762
California                          3.905      3.911      4.040

http://www.eia.gov/petroleum/gasdiesel/

Mon May 13, 2013

Florida gas prices have gone up in the past week and averaged at $3.45 according to GasBuddy.com That’s 3.1 cents higher per gallon. The national average has gone up by 6.2 cents a gallon. The AAA analysts Full Story >>

FROM: http://www.wfla.com/story/22232685/gas-prices-up-in-florida-nationwide

Weekly Retail Gasoline Prices, Regular Grade, by Week and PADD
(Self Service Prices per Gallon, Including Taxes)

Date                            4/22/2013  4/29/2013    5/6/2013
U.S.                                3.536      3.520      3.538
PADD 1 - East Coast                 3.480      3.458      3.452
PADD 1a - New England               3.544      3.519      3.521
PADD 1b - Central Atlantic          3.520      3.498      3.490
PADD 1c - Lower Atlantic            3.431      3.410      3.403
PADD 2 - Midwest                    3.546      3.554      3.608
PADD 3 - Gulf Coast                 3.324      3.295      3.299
PADD 4 - Rocky Mountain             3.488      3.484      3.491
PADD 5 - West Coast                 3.836      3.800      3.811
PADD 5b - West Coast less CA        3.666      3.619      3.639
California                          3.934      3.905      3.911

http://www.eia.gov/petroleum/gasdiesel/

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TODAY IN ENERGY: Monday, May 6, 2013

Price spread between regular and premium gasoline has changed over time

The difference between the U.S. average retail price for premium and regular gasoline—the premium for premium—reached 30 cents per gallon for the first time at the end of 2012, a level that has been maintained thus far in 2013. However, on a percentage basis, the price spread between premium grade and regular grade gasoline has actually remained relatively stable since mid-2009.

See graph and read more….

Weekly Retail Gasoline Prices, Regular Grade, by Week and PADD (Self Service Prices per Gallon, Including Taxes)

Date                            4/15/2013  4/22/2013  4/29/2013
U.S.                                3.542      3.536      3.520
PADD 1 - East Coast                 3.533      3.480      3.458
PADD 1a - New England               3.597      3.544      3.519
PADD 1b - Central Atlantic          3.580      3.520      3.498
PADD 1c - Lower Atlantic            3.478      3.431      3.410
PADD 2 - Midwest                    3.456      3.546      3.554
PADD 3 - Gulf Coast                 3.363      3.324      3.295
PADD 4 - Rocky Mountain             3.507      3.488      3.484
PADD 5 - West Coast                 3.888      3.836      3.800
PADD 5b - West Coast less CA        3.709      3.666      3.619
California                          3.992      3.934      3.905

http://www.eia.gov/petroleum/gasdiesel/

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