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BP Accused of Crude Oil Price Manipulation

Seeking Alpha -- Nationally the average price for regular unleaded gasoline is $2.658, down about 3 cents per gallon from a week ago. Montana's gasoline prices have leveled off at $2.72 with California staying high at $3.01 per gallon. Hawaii gets the prize for the highest cost for gasoline at $3.09 per gallon in the AAA fuelgauge.report. The gasoline spot market price meanwhile has dropped by 20 cents per gallon in the last two weeks but retail pump prices have not reacted in kind and are not expected to drop much more before the end of next week.

Pump prices have barely budged with the spot market gasoline and diesel prices going down another 2-3 cents per gallon at the end of this week. The August WTI crude oil price decreased $1.07 to just above $69.16 a barrel on Friday

The big petroleum industry

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Submitted Jul 03, 2009 By: LetemEatCake

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lightbulbman2008 Champion Author Worcester Posts:43,251 Points:650,410 Joined:Oct 2008	Message Posted: Jul 3, 2009 10:23:54 PM Ignore lightbulbman2008 Report Abuse we have no B.P. STATIONS AROUND HERE!!
stevencr All-Star Author Ohio Posts:747 Points:461,330 Joined:Mar 2009	Message Posted: Jul 3, 2009 10:13:03 PM Ignore stevencr Report Abuse What's worse, big oil companies or politicians with high asperations?
hoosierdaddyno1 All-Star Author Indiana Posts:937 Points:472,740 Joined:Oct 2008	Message Posted: Jul 3, 2009 10:11:07 PM Ignore hoosierdaddyno1 Report Abuse The BP stations in our area are consistently higher than all the other stations
MedicKirk1 All-Star Author New Hampshire Posts:854 Points:440,130 Joined:May 2008	Message Posted: Jul 3, 2009 10:10:14 PM Ignore MedicKirk1 Report Abuse Fuel prices seem to have stalled.
buggydeb Champion Author Florida Posts:3,842 Points:723,165 Joined:Jun 2008	Message Posted: Jul 3, 2009 10:09:05 PM Ignore buggydeb Report Abuse It's all about GREED..!
gasaholicNC All-Star Author North Carolina Posts:914 Points:595,735 Joined:Sep 2008	Message Posted: Jul 3, 2009 10:08:12 PM Ignore gasaholicNC Report Abuse What's Greed..........BIG OIL profits
DrivingFool2 Champion Author Wisconsin Posts:3,482 Points:648,540 Joined:Apr 2005	Message Posted: Jul 3, 2009 10:06:50 PM Ignore DrivingFool2 Report Abuse Throw them all into the same basket, ripoff artist
cincidap Champion Author Cincinnati Posts:3,075 Points:601,375 Joined:Sep 2006	Message Posted: Jul 3, 2009 10:05:19 PM Ignore cincidap Report Abuse BP, Ashland, Exxon-Mobil... what's the difference?
FordF2502001 Champion Author Mississippi Posts:3,072 Points:667,150 Joined:Sep 2008	Message Posted: Jul 3, 2009 10:03:14 PM Ignore FordF2502001 Report Abuse sue them all
stugha Champion Author Massachusetts Posts:2,161 Points:266,065 Joined:Sep 2006	Message Posted: Jul 3, 2009 10:01:57 PM Ignore stugha Report Abuse Agree, some political coffers must be full.
filcut Veteran Author Anchorage Posts:460 Points:595,005 Joined:Jun 2005	Message Posted: Jul 3, 2009 9:56:47 PM Ignore filcut Report Abuse BP and crude price manipulation...BP and propane price manipulation....BP and the ethics of whatever it takes to maximize profits?
bigmacatac Champion Author St. Louis Posts:3,015 Points:632,100 Joined:Oct 2008	Message Posted: Jul 3, 2009 9:53:49 PM Ignore bigmacatac Report Abuse Say it isn't so JOE!!!!!!!!!!!!!!!!! BIG OIL = GREED
tweety258 Champion Author Grand Rapids Posts:1,406 Points:654,515 Joined:Apr 2008	Message Posted: Jul 3, 2009 9:49:22 PM Ignore tweety258 Report Abuse Big surprise--NOT!
TBRR Champion Author Jacksonville Posts:1,328 Points:234,070 Joined:Dec 2007	Message Posted: Jul 3, 2009 9:47:40 PM Ignore TBRR Report Abuse how about that, a politician finally put 2 and 2 together and came up with four. must not of gotten a big enough campaign donation so he blows the whistle. now the lawyers will suppress it all,sweep it under the carpet and wreak his career.
godonigo Rookie Author Ontario Posts:3 Points:509,660 Joined:Nov 2006	Message Posted: Jul 3, 2009 9:38:52 PM Ignore godonigo Report Abuse big oil: price fixing? gouging?? record profits??? if any other industry did this their executives would be behind bars.
Zonk Champion Author Michigan Posts:1,583 Points:1,150,315 Joined:Oct 2005	Message Posted: Jul 3, 2009 9:35:30 PM Ignore Zonk Report Abuse Why am I not surprised ?
TFowler513 Champion Author Memphis Posts:2,372 Points:588,560 Joined:Mar 2008	Message Posted: Jul 3, 2009 9:34:47 PM Ignore TFowler513 Report Abuse Just another reason to quickly move to alternative energy resources such as solar, wind and hydro!!!
salog Champion Author Columbia Posts:3,523 Points:877,890 Joined:Oct 2006	Message Posted: Jul 3, 2009 9:31:55 PM Ignore salog Report Abuse does this surprise anyone
RovingOkie67 Champion Author Arizona Posts:1,586 Points:416,805 Joined:Jul 2007	Message Posted: Jul 3, 2009 9:30:43 PM Ignore RovingOkie67 Report Abuse All of the top 10 oil producers have been price fixing for a ver long time. NOT a surprise at all!
MadEJ All-Star Author Hartford Posts:522 Points:536,495 Joined:Aug 2008	Message Posted: Jul 3, 2009 9:28:49 PM Ignore MadEJ Report Abuse I am so surprised. Such a reputable company - NOT!! [Edited by: MadEJ at 7/3/2009 9:29:28 PM EST]
PokerAce Champion Author Baton Rouge Posts:4,872 Points:945,055 Joined:Jan 2008	Message Posted: Jul 3, 2009 9:25:14 PM Ignore PokerAce Report Abuse "BP Accused of Crude Oil Price Manipulation" ---- and there you have it .....
PetroScopper Champion Author Houston Posts:2,198 Points:600,425 Joined:Aug 2008	Message Posted: Jul 3, 2009 9:23:18 PM Ignore PetroScopper Report Abuse They should get SHELL for that, as well. The larger companies do this all the time.
Wesk8 Champion Author Michigan Posts:1,465 Points:637,500 Joined:Aug 2005	Message Posted: Jul 3, 2009 9:22:47 PM Ignore Wesk8 Report Abuse TIME FOR CONGRESS TO PRETEND TO DO SOMETHING!!!
BrucePen Champion Author Ontario Posts:2,793 Points:594,720 Joined:Sep 2008	Message Posted: Jul 3, 2009 9:17:51 PM Ignore BrucePen Report Abuse There is no reason for pump prices to be this high. The speculators are driving up the price. Lock them up!
CoffeeTrader Champion Author Victoria Posts:2,412 Points:443,680 Joined:Sep 2008	Message Posted: Jul 3, 2009 9:08:36 PM Ignore CoffeeTrader Report Abuse I think they could all be accused of that at one time or another. Some considerably more than others.
sobeton Sophomore Author Miami Posts:164 Points:117,425 Joined:Jun 2009	Message Posted: Jul 3, 2009 9:07:16 PM Ignore sobeton Report Abuse Is it a news?
gibber73 Sophomore Author Columbus Posts:165 Points:208,150 Joined:Oct 2008	Message Posted: Jul 3, 2009 9:06:24 PM Ignore gibber73 Report Abuse no surprise
finch2dancandy Rookie Author Georgia Posts:71 Points:10,760 Joined:Jul 2009	Message Posted: Jul 3, 2009 9:03:17 PM Ignore finch2dancandy Report Abuse We the consumers still end up paying for this while they sort all this out.
Bonanza Champion Author Boston Posts:6,241 Points:1,576,640 Joined:Jun 2004	Message Posted: Jul 3, 2009 9:01:20 PM Ignore Bonanza Report Abuse They all do it
firechief Veteran Author New York Posts:383 Points:1,277,460 Joined:Mar 2004	Message Posted: Jul 3, 2009 8:58:16 PM Ignore firechief Report Abuse Say it aint so
WP62 Champion Author New Hampshire Posts:2,312 Points:1,114,820 Joined:Sep 2006	Message Posted: Jul 3, 2009 8:55:18 PM Ignore WP62 Report Abuse Let's see if this goes anywhere or if it is just dismissed as always.
SSchmidty Champion Author Illinois Posts:4,337 Points:820,340 Joined:Mar 2008	Message Posted: Jul 3, 2009 8:53:50 PM Ignore SSchmidty Report Abuse Oh what a surprise ... pig-oil being piggy!!
NavyEOD Champion Author Los Angeles Posts:5,154 Points:1,061,565 Joined:Jul 2007	Message Posted: Jul 3, 2009 8:48:16 PM Ignore NavyEOD Report Abuse I sure there not the only ones.
RayJayT Champion Author Mississippi Posts:2,871 Points:620,080 Joined:Aug 2008	Message Posted: Jul 3, 2009 8:46:54 PM Ignore RayJayT Report Abuse Say it isn't so....