[Ansteorra] OT:Gas Prices going up thanks to IKE

[JOHN KELLER]

Thanks Val for checking.

Now here's where it really gets interesting.  Gasoline is traded on the New York Mercantile Exchange (NYMEX) as "RBOB" which stands for Reformulated Gasoline Blendstock for Oxygen Blending.  October Futures closed DOWN just over 1/2 cent today and were only up 9 cents yesterday.  For sure, spot should be higher but not like many of these stations are posting.

I smell a big stinky rat!

Wolfgang


--- On Fri, 9/12/08, John Yates <valstarr_hawkwind at yahoo.com> wrote:

> From: John Yates <valstarr_hawkwind at yahoo.com>
> Subject: [Ansteorra] Gas Prices/Gouging
> To: ansteorra at ansteorra.org
> Date: Friday, September 12, 2008, 1:53 PM
> Texas laws will undoubtedly vary, but I just checked with
> the Oklahoma Attorney General's press office to check my
> memory of Oklahoma's anti-gouging statutes.
> 
>    As it was indictaed to me, in a declared state of
> emergency, the price of essential goods and services cannot
> be raised more than 10% above what it was prior to the
> emergency declaration. 
> 
>    In Oklahoma, Governor Henry has already made an
> emergency declaration, which to my understanding is a way to
> get federal assistance for evacuees who may come to
> Oklahoma. Thus, it should follow that the anti-gouging law
> kicks in with the emergency declaration.
> 
>    I have a call in to one of the Gov's spokesmen to
> try and make certain.
> 
> 
> Val 
>