Blame The North Sea For Rising Gas Prices

Experts continue to point their fingers at Europe for rising gas prices. Last month the continent’s credit crunch was the culprit, and this month it’s rising prices of Brent crude oil in the North Sea that’s guilty of pushing gas prices up to an average of $3.51 per gallon as of the end of last week.

Reuters reports gas prices have launched nearly 12 cents in the past three weeks and are expected to continue to rise in the short term. Experts say the North Sea crude increases are a reaction to volatility in the Middle East.

To find the cheapest gas near you, consider downloading an app that points you in the right direction.

Price of gas up nearly 12 cents in last 3 weeks [Reuters via MSNBC]

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  1. clippy2.0 says:

    I like the consumer tie in. It was a good attempt. Happy Monday

  2. rpm773 says:

    I commend them on their originality. It’s tough coming up with excuses in the winter when the “Zounds! Hurricanes in the gulf!” excuse isn’t very plausible

    • DJ Charlie says:

      Since when have they let plausibility stop them?

      • Kaleey says:

        Never. In fact, our local analysts reasoned that my local fuel prices went up a little while before Christmas because “We were below the national average for several weeks, so we need to bring prices up to that level.” Then add in the holiday price gouge, and our prices leapt 35 cents per gallon overnight.

        +1 for originality. -1,000,000,000,000 for being general d-bags.

        • HomerSimpson says:

          I’ve heard because consumption is down the prices are going up.

          Kind of puts a wrench in that whole “invisible hand” thing doesn’t it? Unless that invisible hand is on your wallet, of course….

          • StarKillerX says:

            Well they use that both ways, if consumption is up or down they use it to justify price increases.

            • failurate says:

              They are using that same excuse to increase the cost of tap water here. Demand is down so prices have to go up so they Water Dept. can meet it’s operating budget.

              Next it will be… demand is up so prices have to go up… because you know… that’s how supply and demand work.

    • Such an Interesting Monster says:

      I’m waiting for them to start blaming the phases of the moon.

  3. Cat says:

    Can’t we just put the blame where it really belongs – Obama?

  4. deathbecomesme says:

    I blame those hippy queers on them bicycles when them there queer shorts! If they would just fall in line we could all enjoy falling gas prices! Damn hippy queers!

    /s

    • Mr. Fix-It says: "Canadian Bacon is best bacon!" says:

      Mmm bicycle shorts…

      er, sorry, what were we talking about? I lost my train of thought…

      • Cat says:

        Mr. Fix-It says:Where’s that muscly armed paper boy? I haven’t heard any good news lately…

        Whaaat????!!??!?

  5. E-Jungle says:

    That is still very reasonable from our perspective, we pay $2.35 for one liter of petrol which works out to $8.88 for a gallon so the difference is still quite big compared to Europe. Was using the Dutch Shell petrol price from today for that comparison because i was curious what the price difference is.

  6. Loias supports harsher punishments against corporations says:

    Volatility compared to what? When is there complete rest in the Middle East?

  7. Nobby says:

    BOHICA guys. We should be used to it by now.

  8. Shorebreak says:

    Blame High Oil Prices on Speculators and Bernanke

    http://www.businessweek.com/investor/content/apr2011/pi20110419_786652.htm

    • Loias supports harsher punishments against corporations says:

      I blame Bernanke for my non-existent savings interest rate.

      • TheCorporateGeek Says Common Sense Is The Key says:

        Totally correct. Sad thing is that gasoline is high even though oil hasn’t risen that much. The market jumps around at any word from any dumb ass suit on Wall Street true or not. Until the US (Obama) recognizes that gas prices hurt every american and that our country does NOT need middle eastern oil, we buy most from Canada btw.

        The oil commodity market is a joke and if something isn’t done, we’re all going to keep getting shafted up the ass.

  9. WyomingGunAndHuntingEnthusiast says:

    I guess i shouldn’t feel so bad about paying $2.70 considering what the gas prices are in other states. Got to love price gouging and money hungry Oil Executives.

  10. Galium says:

    And next month it will be because a camel farted in Saudi Arabia. Any excuse is better then saying it is speculation get rich schemes.

  11. Whiskey Tango Foxtrot says:

    I don’t get why they’re allowed to use every line in the book as an excuse for rising prices.

    Too much oil – check
    Not enough oil – check
    Too much demand – check
    Not enough demand – check

    No matter what we do, we just can’t win – each week they pull another excuse out of their asses.

    And I love it when gas stations say they don’t collude with each other – as you sit in a coffee shop and watch every single gas station on each corner of an intersection raise their prices within 60 seconds of one another….

    • Jawaka says:

      Most gas station don’t have the ability to set their own prices. Prices are generally set by the franchisee itself (Mobil, Sunoco, etc…) so don’t blame the local station owners.

      • Buckus says:

        That doesn’t explain the same company gas station, in two locations that are within minutes of each other, having different gas prices. The only other factor is what corner they are on and what competition there is across the street.

  12. JMH says:

    Can’t we just be honest and blame American society’s automobile dependence for the price of gas?

  13. BorkBorkBork says:

    I blame LeBron.

  14. elkhart007 says:

    It’s oil companies, not Obama or that we don’t have some stupid pipeline running through the states. It’s oil companies using smoke, mirrors, and fears about turmoil around the world. There won’t be any interruptions in the oil supply if Iran tries to close the gulf, our navy is unmatched. Let’s get real here and take off the foil hats.

  15. Cerne says:

    And yet Obama won’t approve a pipeline to let us sell you our fine Canadian oil.

  16. Midnight Harley says:
  17. maruawe says:

    Oil Companies will use any and all excuses to raise prices… That’s why alternative fuels is on everyone’s mind we are tired of the crap from oil companies