RE: "Gas prices rise to average of $2.55 a gallon"

RE: "Gas prices rise to average of $2.55 a gallon" (Full Version)

All Forums >> [Casual Banter] >> Off the Grid

Message

Sinergy -> RE: "Gas prices rise to average of $2.55 a gallon" (3/12/2007 10:05:53 PM)
quote: ORIGINAL: subfever I paid $2.42 for regular today in the Chicago 'burbs, Cook County. Personally, I strongly believe that if our country played honestly on a level playing field across the globe, we would be paying a notably higher price for oil and gas. The main problem is that our economy has been built upon an assumption of cheap oil. So what do we do; address the cause or continue addressing the symptoms? edited for typo I agree with this, subfever. The issue I have is that the only reason we pay high prices for gas is because the fuel companies have us over a barrel without lube. Go watch the movie "Who killed the electric car" and research the oil and auto industries rabid opposition to making vehicles more fuel efficient. Sinergy

subfever -> RE: "Gas prices rise to average of $2.55 a gallon" (3/12/2007 10:18:32 PM)
I have no doubt in my mind that oil companies have endeavored and invested heavily in propping up the demand for oil... for the express purpose of increased profits.

Marc2b -> RE: "Gas prices rise to average of $2.55 a gallon" (3/12/2007 10:50:14 PM)
quote: That is what is told to you by the good folks who control the gas. No, supply and demand is just basic economics. quote: But answer me one question : Why is it that when gas goes down it creeps down at a very slow pace, but when it starts to increase in price it's two to three times faster? More often than not it is a matter a perception. I remember gas prices jumping up during Katrina (supply was down) and then just as quickly declining to pre-Katrina levels. We tend to notice bad news and gloss over good news. quote: I guess my other question for you to a much lesser degree would be: Why do you suppose when a handful of average, hardworking American people speak to the wonderment /bitch about the possibility of being gouged, why does a small handful of folks always run in and parrot propaganda from the corporate media that seems to justify such bogus prices? Maybe they’re not parroting propaganda. Maybe they’re speaking in terms of economics which (and I don’t claim to be an expert) most people are clueless about. Look, I can see how this could turn into a slugfest but I already got that shit going on another thread, I don’t need another one at this time so I’ll leave you with this: Basic Economics, by Thomas Sowell. Get it, read it, learn it, love it, live it. Okay, maybe not the last two but you will see the world in a whole new light.

Lordandmaster -> RE: "Gas prices rise to average of $2.55 a gallon" (3/13/2007 12:32:00 AM)
OK, I'll bite. What exactly does "supply is down" mean? Supply of what exactly? quote: ORIGINAL: Marc2b I’m not really sure what your point is but if you’re questioning why gas prices are up your post answers your own question. quote: U.S. refinery glitches, declining inventories, Supply is down quote: going into the driving season Demand is up. Low supply plus high demand equals higher prices. Good old fashioned basic economics.

farglebargle -> RE: "Gas prices rise to average of $2.55 a gallon" (3/13/2007 12:51:59 AM)
The saddest thing, is that with EXACTLY the money we've thrown down the toilet fucking up Iraq, we could have developed the technology infrastructure to give us 100% energy independence from any foreign sources. We'd be paying a buck a gallon OR LESS if we had used that 400 Billion dollars wisely.

candystripper -> RE: "Gas prices rise to average of $2.55 a gallon" (3/13/2007 12:56:45 AM)
quote: ORIGINAL: Vendaval "Gas prices rise to average of $2.55 a gallon" "Pump costs have soared over 40 cents over the past six weeks" "But Nymex gasoline futures have been soaring due to U.S. refinery glitches, declining inventories, and traders betting that demand going into the driving season will be strong enough to support higher prices. Gasoline futures, up more than 20 percent for 2007, rose 0.84 cent to settle at $1.9105 a gallon." http://www.msnbc.msn.com/id/17577255/ Not where i live; the prices here are about $2.15 a gallon, not that they haven't been higher. What provision of the Sherman Anti-Trust Act exempts US oil companies from price gouging and price agreement? candystripper

Vendaval -> RE: "Gas prices rise to average of $2.55 a gallon" (3/13/2007 1:04:17 AM)
Hi candystripper, good to see you posting again. [:)] Lucky you, the prices are hitting $3.00 out here in California and Hawaii. "Gas tops $3 mark in Calif. Is rest of U.S. next?" "Average cost per gallon increases to $2.50" "WASHINGTON - Gasoline prices have jumped above $3 a gallon in some parts of California and Hawaii, and may hit that level in other parts of the country when the busy summer driving season approaches." http://www.msnbc.msn.com/id/8533441/

susie -> RE: "Gas prices rise to average of $2.55 a gallon" (3/13/2007 1:21:08 AM)
Wow I am so jealous reading this. We are currently here at £4.00 a gallon making it about $7 a gallon. I have a mid range car and it currently costs me $115 to fill it. It just shows how much tax our government puts on petrol prices here. What with that and the idea of bringing in road charging its not looking good for those in the car industry in this country.

Vendaval -> RE: "Gas prices rise to average of $2.55 a gallon" (3/13/2007 1:25:05 AM)
E gads! Susie, what kind of public transportation is available in your area? Can you car-pool (share a ride) with your co-workers?

susie -> RE: "Gas prices rise to average of $2.55 a gallon" (3/13/2007 1:41:54 AM)
quote: ORIGINAL: Vendaval E gads! Susie, what kind of public transportation is available in your area? Can you car-pool (share a ride) with your co-workers? I work in the centre of London and live about 70 miles outside of the City (to be able to afford a decent house). It would take too long to drive into London from where I live (3 hours or so at rush hour) and of course there is the dreaded Congestion Charge in London which costs £8 a day to take your car into the centre of London. So I get a train which costs me £350 a month and takes just over an hour. If I am lucky I get a seat but they are usually so busy that standing is normal for the journey. No wonder then that I have always loved my time in the US and would move there tomorrow if I could.

redsky -> RE: "Gas prices rise to average of $2.55 a gallon" (3/13/2007 1:42:06 AM)
prices of gas in the UK are terrible, i notice it more when i return here from visiting Kentucky, Gotta love the British Government & taxation!

UtopianRanger -> RE: "Gas prices rise to average of $2.55 a gallon" (3/13/2007 2:29:51 AM)
quote: OK I'll answer that question directly You have a 30,000 gallon tank priced currently at 2.00 a gallon, and you get word on Monday that Friday when you refill your tanks the price will be not 2.00 but 2.10 That means to refill your tank on Friday you need not $60,000 but rather $63,000 when are you going to raise your pump price Friday or Monday? The price moves down slower because during the time between Friday the 1st and monday the 4th the retailer has lost opportunity to charge the replacement cost of his stock. Thus they make it up on the back side. First off all, your argument seems to posture itself in that the guy who owns the gas station always needs to raise his prices way ahead of time in order to gain the capital needed to purchase his replacement stock. That clearly tells me he is operating on a foundation that has no working capital other than his net proceeds in between delivery periods for inventory. When a grocery store is notified a week ahead of time by it’s beer and wine distributor that the price of Coors Light by the case or 12 pack is moving up 60 cents a unit, I know of no one in the business who immediately runs back into their walk-in cooler to raise their prices in order to gain the extra revenue for the future delivery. Everyone in the business has working capital and the profits are always made/taken on the backside. If the cost of inventory goes up, it’s absorbed until the profits are taken on the back. What I hear you saying is that there is a built-in extra profit mechanism when ever the price changes, up or down. It may be an accepted practice, but it's just more fuel {pun intended}for my argument that would nationalize the whole petorleum industry and turn it into public utility with wage controls and six percent profit cap. My feeling has always been that oil /gasoline is so vital at this point that it be held in equal representation by the public as a whole. quote: Because the answer given fits into the basic outline of what I know to be factual and logical. Supply and demand is factual and logical The supply and demand concept is a sound one and very logical when left by itself. But when you contextualize it with the added proponet that says ''they who control the supply also control all the information that surrounds the supply'' then it doesn't sound so good. In other words, what are the checks and balances in the system that keep them from colluding and artificially understating the supply? And since each one of the oil giants classifies the information surrounding its both proven reserves and exploratory as proprietary, there’s no way we can really know for sure Have you ever taken any time to look at the merger /acquisition history of the petroleum industry? Have you seen how it’s just been rubber stamped time after time after time? Lou Dobbs and a few others have done some marvelous work going on the record with regard to the Bush administration’s anti-trust division { in justice department} being the most under-utilized in the history of the republic. Checks and balances are thrown out; everything gets a rubber stamp. - R

gandalf0297 -> RE: "Gas prices rise to average of $2.55 a gallon" (3/13/2007 6:22:23 AM)
2.89 cheap stuff.oregon coast

meatcleaver -> RE: "Gas prices rise to average of $2.55 a gallon" (3/13/2007 6:25:29 AM)
Netherlands is approx $10 per US gallon, Britain aprox $9 per US gallon. I guess that's why we have smaller cars and more public transport.

herwhim -> RE: "Gas prices rise to average of $2.55 a gallon" (3/13/2007 6:39:02 AM)
quote: ORIGINAL: UtopianRanger Why is it that when gas goes down it creeps down at a very slow pace, but when it starts to increase in price it's two to three times faster? Prices have plummeted as recently as last year.

sambamanslilgirl -> RE: "Gas prices rise to average of $2.55 a gallon" (3/13/2007 7:40:05 AM)
quote: ORIGINAL: subfever I paid $2.42 for regular today in the Chicago 'burbs, Cook County. it's up to $2.69 for regular and $2.89 for premium here in the city (depending where you live in Chicago) as of yesterday. who knows what it will be today. the explanation that's being told to American public (and you get pick one) during the morning news here are: a)the refineries are operating at 70%, b) the cost of repairing and upkeeping these said refineries went up, c) the output of oil from the refineries are slightly down - i'll go with all of the above and more.

farglebargle -> RE: "Gas prices rise to average of $2.55 a gallon" (3/13/2007 7:56:43 AM)
d) Time to Fuck The People, yet once again.

makinkycpl -> RE: "Gas prices rise to average of $2.55 a gallon" (3/13/2007 7:59:52 AM)
How about this on the news yesterday. Daylight saving times early was supposed to save energy, right! Well now they are saying that gas is going up because people are driving more because it is lighter later at night!

Nosathro -> RE: "Gas prices rise to average of $2.55 a gallon" (3/13/2007 10:12:44 AM)
Okay I just check this morning business new. Nymex went down $1.14 and closed yesterday at $58.91. I was right ..it has been going down steadly for about a week. So why is gas prices up? I will say one thing for Europe. I lived there for some 8 years total. I was with the military and we bought coupons to pay for gas. The reason for the coupons was to exempt Us from the taxes that are attached to the price of gasoline there. This is one reason for the high price in Europe, but I will say they have a great public transportation system.

farglebargle -> RE: "Gas prices rise to average of $2.55 a gallon" (3/13/2007 10:17:37 AM)
Just think, if Bush spent the 300 Billion he pissed away in Iraq WISELY, those barrels could cost 10 bucks.

Page: << < prev 1 [2] 3 4 5 next > >>

Collarchat.com © 2025

Terms of Service

0.0625