This is not my normal topic for emails but a public service message to my dear readers.
I send this kind of info to my family and friends and therefore I feel you should know about this too.
Maybe if enough people wake up and protest we can do something about it.
This is something I’ve figured out on my own through observation over the last six months or so. And over the last few days I’ve backed it up with data.
There is a conspiracy in the United States right now (maybe in your country too) to fix the price of gasoline at the gas pump at artificially high prices compared to the actual wholesale price of a barrel of oil.
You may have noticed (if you follow finances and financial markets) that the price of a barrel of oil has been collapsing again over the last month. In fact the price hasn’t collapsed so much in one month since 2010.
And overall the price of a barrel of oil has dropped considerably over the past year.
About a year ago the price of oil was over $100 a barrel.
Originally as the price of a barrel of oil dropped so did the prices at the gas pump. But I’ve found this is absolutely not happening anymore. In fact gas prices have actually been going up in my area even though the price of a barrel of oil has been going down.
Below I’ll include extensive proof.
Part of what I wrote below I had previously emailed to family and friends and the rest of the data I collected today on July 27, 2015.
Though I have edited those emails for clarity.
Further below you’ll also see my theory as to why the price of gasoline at the pump is being fixed.
=== Data from Today July 27, 2015 ===
We bought gas on July 11, 2015 at 2.759 per gallon at a certain gas station in our town in Arizona. Price of a barrel of WTI oil then was $52.74.
Today (16 days later) the price of gas at the same gas station is $2.869 or 11 cents higher and it has been at that same price for over a week now. And the price of a barrel of oil as of the last closing date on Friday 7/24/15 is $48.14 with the current price today having dropped sharply to $47.06 per barrel the last time I checked.
So even though over the course of over 2 weeks the price of a barrel of oil has fallen $4.60 per barrel the price at the gas pump has actually gone up 11 cents per gallon.
But previously the prices here for gasoline changed regularly and in accordance with the general price of a barrel of oil.
Not like how the prices of gas where in Hawaii. They’d only change their about once a month at certain gas stations.
=== First Email Sent on July 24, 2015 ===
Subject: I think the price of gas is fixed.
Not the price of barrels of gas – although that is fixed as well. Though it seems the oil plunge protection team has given up on trying to control the price of a barrel of oil.
But the price we’re paying retail. I’m almost certain there’s a broad based conspiracy in our area and maybe nationwide to keep the price of gas artificially high.
I’ll explain more later.
We just got back from our trip to Sedona and I need to unpack the truck.
=== 2nd Email Reply on July 24, 2015 ===
When we first moved to (blank) in November of 2013 the price of gas was around $3.15 a gallon. Yet the price of a barrel of oil was almost certainly over $100 a barrel. Probably around the $105 to $110 per barrel.
Now the price of a gallon of gas here is $2.86 and yet a barrel of oil is around $48. The price of a barrel of oil has reduced more than 50%. But the price of gas at the pump has only gone down 10%.
A couple of weeks ago we bought gas at around $2.75 a gallon.
Then the price of a barrel of oil plummeted by $13 a barrel and yet the price of gasoline here went up about 11 cents to $2.86.
All the evidence points to industry wide fixing of the price of gasoline. Not just the fixing of the price of a barrel of oil.
This is the only way for the US to keep their shale oil industry from going under. Just inflate the price at the gas pump and therefore the price of a barrel of oil may not hurt shale oil.
The reasoning behind this is that shale oil (via fracking) is very expensive to get out of the ground. From what I’ve read most shale oil operations need at least $50 to $60 price per barrel of oil just to break even. I’m just going by memory on those numbers. And indeed there have been large layoffs recently in the US oil business as a result of the lowering price of a barrel of oil.
The oil in Saudi Arabia and other OPEC countries is much cheaper to get out than it is in the United States. These low oil prices should be bankrupting the US shale oil industry.
I first noticed this price fixing phenomena when we came back from Mexico around March 20, 2015. Considering the price of a barrel of oil at the time and the fact that last year a gallon of gas in our area dropped to close to $2.00 a gallon I was expecting prices to be around $2.25 a gallon or so. But that was not the case. The prices were similar to what the price is today.
So despite the low price of a barrel of oil it’s NOT being passed on to the consumer anymore. =====
=== 3rd Email Sent on July 25, 2015 ===
More proof that the price of gas no longer correlates to the price of a barrel of oil.
Back in January of 2015 the nationwide average price of gasoline was $2.02 at the low end. And in Arizona the low price for the month was $1.87 per gallon. And I checked the price of a barrel of oil back then. It never went below $50 a barrel. Though I think close to $50 but not below it.
http://www.gasbuddy.com/Charts (You can play with the charts above to see the price in your own area.)
NOTE: With the chart above I was unable to get an exact date for the lowest price but it happened sometime end of January area.
That was probably when over here in our town it was around $2.02 to $2.05 a gallon or so. But in other parts of Arizona it was even cheaper as evidenced by the $1.87 price I gave you above.
Well the price of barrel of oil is now $48.14. Lower than the price in January 2015 by at least $2.00 and yet the price of gasoline here is now $2.86 a gallon where we normally get gas at Smith’s. Or about 80 cents more per gallon than at the low point in January 2015 when the price of a barrel of oil was higher than it is now.
Therefore, the price of gasoline at the pump should now be below $2.00 a gallon right now if all other factors (beside price fixing) where the same.
It’s quite obvious that the oil cartel here in the United States has decided to set the price of gas as they wish regardless of the actual price of a barrel of oil.
The shale oil industry in the United States has been hurting big time because it is very expensive to get out their oil with fracking techniques. They need a high price of oil to remain profitable.
So if they can’t control how much a barrel of oil costs at the wholesale level (even though they have plunge protection teams trying to artificially raise up the price of a barrel of oil) then they can simply raise the price the consumer pays and be totally fine.
So I believe our government and or the oil industry is very blatantly fixing the price of gasoline all throughout the USA.
Not a free market at all. And of course it’s a symptom of the collapsing economy world wide. The more they try to “fix” the more things fall apart.
So please tell me what you think.
Have you noticed this too?
Please send me a quick email with your own insights.
The one thing everyone could be saving money on and yet they’re even stealing our gasoline savings.
This is criminal activity and the people behind this price fixing need to be put in jail. It’s truly monopolistic behavior and must be stopped.
UPDATE 7/30/15: It’s July 30, 2015 and the gasoline price at the same gas station is still $2.86. It’s not moving up or down. This is obvious price fixing for at a higher barrel of oil price in January than the current $48.79 the price of gas at the pump was at least 80 cents lower per gallon.
Keep in mind the price of a barrel of oil was near $60 per barrel at the beginning of July. And back then the price of gas here was about $2.75 per gallon. And yet the price of gas went up as price of oil went down dramatically.
Update 7/31/15: Price of barrel of oil is dropping yet again to currently $47.12. But here in our town that same gas station is still pricing gas at $2.86 per gallon. No drop in price in like two weeks. Makes no sense. And even when it was $2.75 a gallon it was way overpriced compared to prices in January of 2015.
Update 8/1/15: Price of gas here still $2.86 per gallon.
Update 8/2/15: Price of gas here still $2.86 per gallon.
Your Radiant Health, Fitness and Infinite Potential Coach,
Raw Food Diet Mentor
Making the Raw Food Diet Effortless through Tastiness