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	<title>Comments on: Gasoline = $1.17</title>
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	<link>http://www.ritholtz.com/blog/2008/12/gasoline-117/</link>
	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
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		<title>By: Barry Ritholtz</title>
		<link>http://www.ritholtz.com/blog/2008/12/gasoline-117/comment-page-1/#comment-136640</link>
		<dc:creator>Barry Ritholtz</dc:creator>
		<pubDate>Wed, 31 Dec 2008 18:10:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=14415#comment-136640</guid>
		<description>&lt;em&gt;David writes in:&lt;/em&gt;


We live in Sheridan now and saw that in the evening paper too.

Here&#039;s the deal why those prices are so low that you might want to mention to readers:

This is what you get when you have oil refineries in your state: low gas/diesel prices.

All the people who keep carping and whining about &quot;not in my backyard&quot; can suffer higher fuel costs. Those of us who are willing to put up with things like natural gas production (all around Sheridan), coal production (all over northeast WY) and oil drilling &amp; refining in their backyards get the just desserts: low fuel prices. There are at least four refineries in WY, and while none of them are huge, they do make a dent in our fuel prices. Wyoming consistently has the cheapest fuel prices I see all over the west, aside from perhaps the area north of Salt Lake City, where they also have refineries.

Oh, and BTW -- this also results in a state budget that is doing quite well while the rest of the &quot;blue states&quot; are quickly disappearing up their own budget backsides. We not only have a surplus, we even have a rainy-day fund of money put aside.

All because we don&#039;t turn up our noses as energy development. We regulate it, we police it, but we don&#039;t eliminate it.</description>
		<content:encoded><![CDATA[<p><em>David writes in:</em></p>
<p>We live in Sheridan now and saw that in the evening paper too.</p>
<p>Here&#8217;s the deal why those prices are so low that you might want to mention to readers:</p>
<p>This is what you get when you have oil refineries in your state: low gas/diesel prices.</p>
<p>All the people who keep carping and whining about &#8220;not in my backyard&#8221; can suffer higher fuel costs. Those of us who are willing to put up with things like natural gas production (all around Sheridan), coal production (all over northeast WY) and oil drilling &#038; refining in their backyards get the just desserts: low fuel prices. There are at least four refineries in WY, and while none of them are huge, they do make a dent in our fuel prices. Wyoming consistently has the cheapest fuel prices I see all over the west, aside from perhaps the area north of Salt Lake City, where they also have refineries.</p>
<p>Oh, and BTW &#8212; this also results in a state budget that is doing quite well while the rest of the &#8220;blue states&#8221; are quickly disappearing up their own budget backsides. We not only have a surplus, we even have a rainy-day fund of money put aside.</p>
<p>All because we don&#8217;t turn up our noses as energy development. We regulate it, we police it, but we don&#8217;t eliminate it.</p>
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		<title>By: bcasey</title>
		<link>http://www.ritholtz.com/blog/2008/12/gasoline-117/comment-page-1/#comment-136595</link>
		<dc:creator>bcasey</dc:creator>
		<pubDate>Wed, 31 Dec 2008 14:42:11 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=14415#comment-136595</guid>
		<description>Tax Gas!</description>
		<content:encoded><![CDATA[<p>Tax Gas!</p>
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		<title>By: danm</title>
		<link>http://www.ritholtz.com/blog/2008/12/gasoline-117/comment-page-1/#comment-136584</link>
		<dc:creator>danm</dc:creator>
		<pubDate>Wed, 31 Dec 2008 12:21:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=14415#comment-136584</guid>
		<description>“The program is being established to support the mortgage and housing markets and to foster improved conditions in financial markets more generally,” the Fed said. 

---------------
I guess they are going whatever they can to save a few % of the ALT-A batch coming due.</description>
		<content:encoded><![CDATA[<p>“The program is being established to support the mortgage and housing markets and to foster improved conditions in financial markets more generally,” the Fed said. </p>
<p>&#8212;&#8212;&#8212;&#8212;&#8212;<br />
I guess they are going whatever they can to save a few % of the ALT-A batch coming due.</p>
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		<title>By: KJ Foehr</title>
		<link>http://www.ritholtz.com/blog/2008/12/gasoline-117/comment-page-1/#comment-136574</link>
		<dc:creator>KJ Foehr</dc:creator>
		<pubDate>Wed, 31 Dec 2008 05:04:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=14415#comment-136574</guid>
		<description>Ha!  It&#039;s not Bush; it&#039;s those that pull his strings who warped my mind.</description>
		<content:encoded><![CDATA[<p>Ha!  It&#8217;s not Bush; it&#8217;s those that pull his strings who warped my mind.</p>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2008/12/gasoline-117/comment-page-1/#comment-136572</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Wed, 31 Dec 2008 04:50:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=14415#comment-136572</guid>
		<description>and, KJ, 

I forgot, with your advanced case of BDS, you should have, bandwidth enourh, the patience to read this:
http://meltdown2011.wordpress.com/2008/12/30/best-way-2-control-the-masses/

it&#039;s charming..</description>
		<content:encoded><![CDATA[<p>and, KJ, </p>
<p>I forgot, with your advanced case of BDS, you should have, bandwidth enourh, the patience to read this:<br />
<a href="http://meltdown2011.wordpress.com/2008/12/30/best-way-2-control-the-masses/" rel="nofollow">http://meltdown2011.wordpress.com/2008/12/30/best-way-2-control-the-masses/</a></p>
<p>it&#8217;s charming..</p>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2008/12/gasoline-117/comment-page-1/#comment-136570</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Wed, 31 Dec 2008 04:48:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=14415#comment-136570</guid>
		<description>KJ, 

all that, and more..all the B*llish agitprop saturating the airwaves, enticing MutFund/401(k)-victims to &#039;stay the course&#039;--if it didn&#039;t have tangible influence, it&#039;d be Fun to watch..</description>
		<content:encoded><![CDATA[<p>KJ, </p>
<p>all that, and more..all the B*llish agitprop saturating the airwaves, enticing MutFund/401(k)-victims to &#8217;stay the course&#8217;&#8211;if it didn&#8217;t have tangible influence, it&#8217;d be Fun to watch..</p>
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		<title>By: KJ Foehr</title>
		<link>http://www.ritholtz.com/blog/2008/12/gasoline-117/comment-page-1/#comment-136569</link>
		<dc:creator>KJ Foehr</dc:creator>
		<pubDate>Wed, 31 Dec 2008 04:45:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=14415#comment-136569</guid>
		<description>“Maybe, as a ‘News Flash’, you’ll see that “K Street” makes more by feeding ‘Greenwich’, than it does by ‘whoring out’ Congress..”

I think you are alluding to something you said a few weeks ago, some group or org, I think. I did read a little on it, but I’m afraid it escapes me now; I need another clue.</description>
		<content:encoded><![CDATA[<p>“Maybe, as a ‘News Flash’, you’ll see that “K Street” makes more by feeding ‘Greenwich’, than it does by ‘whoring out’ Congress..”</p>
<p>I think you are alluding to something you said a few weeks ago, some group or org, I think. I did read a little on it, but I’m afraid it escapes me now; I need another clue.</p>
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		<title>By: KJ Foehr</title>
		<link>http://www.ritholtz.com/blog/2008/12/gasoline-117/comment-page-1/#comment-136568</link>
		<dc:creator>KJ Foehr</dc:creator>
		<pubDate>Wed, 31 Dec 2008 04:36:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=14415#comment-136568</guid>
		<description>What I really wonder about is the timing; coming now, GMAC “bank” and MBS buying, just in time to save ’08 from being the worst year…  A last minute attempt to scrape a little excrement off W’s soiled rep?</description>
		<content:encoded><![CDATA[<p>What I really wonder about is the timing; coming now, GMAC “bank” and MBS buying, just in time to save ’08 from being the worst year…  A last minute attempt to scrape a little excrement off W’s soiled rep?</p>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2008/12/gasoline-117/comment-page-1/#comment-136562</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Wed, 31 Dec 2008 04:03:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=14415#comment-136562</guid>
		<description>KJ, 

w/this: &quot;some privileged few on Wall Street often get the good stuff ahead of the MSM and the rest of us.&quot;

I&#039;m glad that you see aspect of our current *Reality, as a, continuing, Reality.

Maybe, as a &#039;News Flash&#039;, you&#039;ll see that &quot;K Street&quot; makes more by feeding &#039;Greenwich&#039;, than it does by &#039;whoring out&#039; Congress..</description>
		<content:encoded><![CDATA[<p>KJ, </p>
<p>w/this: &#8220;some privileged few on Wall Street often get the good stuff ahead of the MSM and the rest of us.&#8221;</p>
<p>I&#8217;m glad that you see aspect of our current *Reality, as a, continuing, Reality.</p>
<p>Maybe, as a &#8216;News Flash&#8217;, you&#8217;ll see that &#8220;K Street&#8221; makes more by feeding &#8216;Greenwich&#8217;, than it does by &#8216;whoring out&#8217; Congress..</p>
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		<title>By: KJ Foehr</title>
		<link>http://www.ritholtz.com/blog/2008/12/gasoline-117/comment-page-1/#comment-136560</link>
		<dc:creator>KJ Foehr</dc:creator>
		<pubDate>Wed, 31 Dec 2008 03:54:47 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=14415#comment-136560</guid>
		<description>DL Says: 
 
“At least wait until the Messiah delivers a speech of some sort (he’s on vacation right now).”

OK, I’ll be waiting for Godot, scratch that, I mean Barack.  

wunsacon Says: 
 
“I don’t understand why the “good news” of the GMAC bailout wasn’t already “priced in”.”

It probably was.  I am thinking the last hour ramp was caused by a leak of the MBS news that broke after hours.  It still seems to be an inside game to a significant extent: some privileged few on Wall Street often get the good stuff ahead of the MSM and the rest of us.</description>
		<content:encoded><![CDATA[<p>DL Says: </p>
<p>“At least wait until the Messiah delivers a speech of some sort (he’s on vacation right now).”</p>
<p>OK, I’ll be waiting for Godot, scratch that, I mean Barack.  </p>
<p>wunsacon Says: </p>
<p>“I don’t understand why the “good news” of the GMAC bailout wasn’t already “priced in”.”</p>
<p>It probably was.  I am thinking the last hour ramp was caused by a leak of the MBS news that broke after hours.  It still seems to be an inside game to a significant extent: some privileged few on Wall Street often get the good stuff ahead of the MSM and the rest of us.</p>
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