Re: Gas Prices

Yeah, it's over $4 here... (91)

 

Re: Gas Prices

Please go away.

 

Re: Gas Prices

i just spent over 4 bucks a gallon too. ****ing crack prices.

 

Re: Gas Prices

Yea. Its right at the mid 3's here.

At first, I was all for the revolution in Egypt and the people getting what they want and whatnot, but its pretty obvious this unrest isn't helping anyones economy.

 

Re: Gas Prices

This has exactly jack, and squat to do with the REAL price of oil or gas.

The speculators are doing what they do, and taking advantage of headlines to justify spiking prices.

We still have the largest oil, and gas reserves this country has ever had.

Speculators (including every politician in D.C.) are getting rich, while the rest of us get ripped a new one.

Thanks Washington.... maybe you should realize how easy it was for the government to to be overthrown in Egypt and know that American's have a hell of a lot more firepower than Egyptians do.

 

Re: Gas Prices

We still have the largest oil, and gas reserves this country has ever had.

gas maybe, but difinatly not oil.


unless you want to strip mine South Dakota. for shale oil.

the problem is, that oil is really expensive to recover. it only make sense to recover it if oil prices are above $90 a barrel below that it is too expensive to extract.

ANWR has enough oil to supply the US for 1 year at current consumption but it would take 10 years for it to begin production. this means for the near term there is nothing we can do.

 

Re: Gas Prices

there isn't a conspiracy. this is the market at work. the same speculator bidding the price up were same speculator bidding the price down.

if you don't like it don't play. the price increases to make you use less oil, once you cut back the price will fall.

stop using gas, or use less gas.

 

Re: Gas Prices

there isn't a conspiracy. this is the market at work. the same speculator bidding the price up were same speculator bidding the price down.

if you don't like it don't play. the price increases to make you use less oil, once you cut back the price will fall.

stop using gas, or use less gas.

Bullcrap.

There has been no "real" justification for the prices we've been paying OTHER than speculation.

Fuel prices should be regulated, they are too critical to the well-being of the household economy.
You can't "not play"... our society is reliant on gasoline powered vehicles.

 

Re: Gas Prices

Found it for $3.09 at a truckstop in Denver today. Anyone else use gasbuddy.com?

Just keeping my Focus under 65 and shifting early helps it get around 38 mpg! Loving my new SE

 

Re: Gas Prices

I understand how it works... or is supposed to...

the FACT is we are dependent on oil, and the speculators have us by the balls.
They can make insane amounts of money in a short term, and our demand has very little to do with the movement of gas prices anymore... that is a fact.

We have the largest supply of fuel in our history, and the prices keep going up... that is in stark contrast to the theory of supply and demand.
If supply and demand were actually moving the prices, they would have been at their lowest in 20 years. Based upon consumption, oil should have been selling at between $40-50 barrel. EVERY independent analyst outside of the oil industry payrolls, agrees with that.

Retrieval and refinement of oil is more expensive, but it's not the refiners that are driving the costs up... it's the people that shuffle paper that are getting rich.

 

Re: Gas Prices

I understand how it works... or is supposed to...

the FACT is we are dependent on oil, and the speculators have us by the balls.
They can make insane amounts of money in a short term, and our demand has very little to do with the movement of gas prices anymore... that is a fact.

We have the largest supply of fuel in our history, and the prices keep going up... that is in stark contrast to the theory of supply and demand.
If supply and demand were actually moving the prices, they would have been at their lowest in 20 years. Based upon consumption, oil should have been selling at between $40-50 barrel. EVERY independent analyst outside of the oil industry payrolls, agrees with that.

Retrieval and refinement of oil is more expensive, but it's not the refiners that are driving the costs up... it's the people that shuffle paper that are getting rich.

speculators look ahead, they are not buying for toady but for 3, 6 18 months from now. if oil were 40-50$ a barrel it would not be profitable to develop new oil fields in the US saudi arabia and Canada have the largest oil reserves right now.

20% of our oil comes from Canada

97% of Canada's reserves are Oil sands. Tar sands, nasty stuff that is mined and processed into oil.

if it weren't for high oil prices this oil would not exist. because it it too expensive to develop at 40-$50 a barrel.

http://en.wikipedia.org/wiki/Shale_oil
http://en.wikipedia.org/wiki/Oil_sands

the speculators bid the price up by asking the question how much money will buy me a barrel of oil in a few months. the supplier says I can recover more oil at X price than At Y, the buyer say I will pay X, in 1 month, seller goes and find more oil but it more expensive to discover. eventually the price is bid up so high that the seller will refuse to pay and finds an alternative. over time the market will adjust. short term it will hurt, but the worst thing that can happen is to not be able to buy it. that would mean the market has failed.

 

Re: Gas Prices

be ready http://www.wgntv.com/news/wgntv-gas-may-hit-5-dollars-by-summer-feb24,0,7527696.story

 

Re: Gas Prices

be ready http://www.wgntv.com/news/wgntv-gas-may-hit-5-dollars-by-summer-feb24,0,7527696.story

The sky's the limit Ted...

We're looking at $5.50 to $6.00 by the end of summer.

 

Re: Gas Prices

Rationing is not the reason, nor motive for the current pricing.

 

Re: Gas Prices

YEA **** all the BS i just paid 355 and it was 46bux to fill my daily.. Needless to say, i will not be driving very much.. F that

 

Re: Gas Prices

Meh, Americans are just catching up to the price of most of the rest of the world. Enjoy

 

Re: Gas Prices

Meh, Americans are just catching up to the price of most of the rest of the world. Enjoy

Homeboy got it right!! I just filled up my WRX, and it cost me $150!!! Liter is 14.30 NOK. 1 dollar is about 5.3 NOK. on a 60 liter tank, do the math!!!

 

Re: Gas Prices

Well just be glad you don't live in Europe where it is reaching $9 a gallon again.

 

Re: Gas Prices

Well just be glad you don't live in Europe where it is reaching $9 a gallon again.

You also know how high their food prices are, wages are and everything else over there is, all we need to do is look at europe to see what our economy and life will look like and I don't like the looks of it. I've slowed my car down to around 66-67mph so I get better mileage (use to run 70-72) lucky for me I'm now getting 30 mpg out of my 10yr old wagon that was only suppose to get 28mpg. If gas hits $5/gallon the economy will take a nose dive worse then any drop we have yet seen in the last 50 yrs. Few ppl will be able to afford gas at $5/gallon the unemployment rate will sky rocket to heights not seen since the great depression, food prices will be so high that ppl will risk starving, that's what will happen plain and simple basically if it hits $5/gallon you can kiss our country goodbye

 

Re: Gas Prices

So... you are saying that it's okay for a few people to make billions of dollars on the backs of the general public, while crashing the economy?

Good to know where you stand.

 

Re: Gas Prices

So... you are saying that it's okay for a few people to make billions of dollars on the backs of the general public, while crashing the economy?

Good to know where you stand.

Is you are selling a product, and he buyers of your product are willing to pay X for your product, why would you sell that product for a price lower than X.

to put it another way, you make X per year to do your job would you continue to work for X amount of dollars when you could be paid 2X to do the same job somewhere else? or would you accept a 50% of what you used to make to do the same job? if it was the only job you could find, you may choose to work for 50% less or you may choose to not work at all.

this is not about being nice, this is like any other good being sold on the market.

my question is did we not learn anything from the summer of 2008?

those who can adapt, will thrive those who cannot adapt will regress.

so..... after the gas spike of 2008, you should have not bought a gas guzzling truck of moved to a place where you are more dependent on driving. your willingness to pay is driving up the price of oil.

 

Re: Gas Prices

This is pure speculation and government greed....Too many oil men in the government and too much money invested by the oil companies into helping politicians get elected...It is insane and to be honest its unethical...It should be really seen as bribery and it's a shame the people we vote for sell us out to the oil companies whose greed has gotten outrageous...this isn't about the price of oil they bought the oil for the gas we are consuming now years back...If anyone really believes that they are buying any oil at market price they have you fooled too...they have contracts that price we hear is what we pay if we try and go buy one barrel of crude that day....just like we get discounts in bulk they do too they buy millions of drums....the headlines drive prices up but notice how they don't drop down? when the price per barrel goes down....back in the 90s oil was $1.25 a gallon barrels were trading $40-$60 a barrel sometimes more...when oil got down last year to $40 a barrel or so gas was still in the $2 a gallon mark....and they complain that a barrel of oil being so high...B.S. they are still reporting record profits and how do you do that simple economics profit is measured from gross revenue minus cost of refining and cost of material (barrel of crude...chemicals...labor etc. etc.) and your still reporting record profits?!?! how? cause your selling it at an inflated rate....Anytime barrel prices drop and we expect a drop in gas prices what do they do? claim they have to shut down refineries for "maintenance purposes" notice when oil prices are high no maintenance is getting done only when they need some excuse....Oil is driven off greed and politics ladies and gentlemen notice that gulf oil spill drove prices down cause it was bad publicity and politicians had to put on an act to act like they were "in views of the american people" shoot that CEO got more money to "step down" than any of us will see if we win the lottery...I hate that crap

 

Re: Gas Prices

This is pure speculation and government greed....Too many oil men in the government and too much money invested by the oil companies into helping politicians get elected...It is insane and to be honest its unethical...It should be really seen as bribery and it's a shame the people we vote for sell us out to the oil companies whose greed has gotten outrageous...this isn't about the price of oil they bought the oil for the gas we are consuming now years back...If anyone really believes that they are buying any oil at market price they have you fooled too...they have contracts that price we hear is what we pay if we try and go buy one barrel of crude that day....just like we get discounts in bulk they do too they buy millions of drums....the headlines drive prices up but notice how they don't drop down? when the price per barrel goes down....back in the 90s oil was $1.25 a gallon barrels were trading $40-$60 a barrel sometimes more...when oil got down last year to $40 a barrel or so gas was still in the $2 a gallon mark....and they complain that a barrel of oil being so high...B.S. they are still reporting record profits and how do you do that simple economics profit is measured from gross revenue minus cost of refining and cost of material (barrel of crude...chemicals...labor etc. etc.) and your still reporting record profits?!?! how? cause your selling it at an inflated rate....Anytime barrel prices drop and we expect a drop in gas prices what do they do? claim they have to shut down refineries for "maintenance purposes" notice when oil prices are high no maintenance is getting done only when they need some excuse....Oil is driven off greed and politics ladies and gentlemen notice that gulf oil spill drove prices down cause it was bad publicity and politicians had to put on an act to act like they were "in views of the american people" shoot that CEO got more money to "step down" than any of us will see if we win the lottery...I hate that crap

now you are speculating, there is no ghost.

if you don't like it don't play the game, buy an electric car, and buy solar panels to power it.

until then, you will be at the mercy of the market.

 

Re: Gas Prices

Holy wall-o-text!

 

Re: Gas Prices

If gas goes to $5 a gallon the american economy and pretty much the world economy will collapse...it can't happen the oil companies are getting too greedy and we are about to see their collapse as well don't worry about that fuel efficiency is good but you still have to use some type of fuel electricity is getting higher there is no real alternative...Hydrogen isn't a good alternative cost to much to get a car and not enough stations....Bottom line is every market has a ceiling because the majority of the people who buy gas cant afford to pay that kind of price unfortunately once they see the ceiling they can keep it there but notice once the republicans got back in thats when those gas prices went back up I"M NOT FOR ANY PARTICULAR PARTY!!! but I'm just saying notice how that works when the democrats own the government gas prices stay somewhat low the Republican party or the "Oil Party" as I call it gets in there and the same crap that Bush had going on starts right back up and goes absolutely crazy and for no real reason

 

Re: Gas Prices

If I'm speculating you sit here and put out some numbers to show me how you put down record profits then besides over pricing I'm taking economics buddy unless you over price a product well above what it should be sold at you can't put out "record profits" unless they are "cooking their books" lets see how economically savvy you are please put down some numbers....Either they are making artificially high prices or they are cooking their books to put out "record profits" which both activities are illegal!!!

 

Re: Gas Prices

If I'm speculating you sit here and put out some numbers to show me how you put down record profits then besides over pricing I'm taking economics buddy unless you over price a product well above what it should be sold at you can't put out "record profits" unless they are "cooking their books" lets see how economically savvy you are please put down some numbers....Either they are making artificially high prices or they are cooking their books to put out "record profits" which both activities are illegal!!!

what do the numbers matter? the concept is proven and sound, there has never been a proven case of oil price fixing in the futures market.

http://www.msnbc.msn.com/id/24794852/ns/business-answer_desk/

the concept works. they do not need a reason to bid up the price other than if the market will pay. they should sell it for that price.

if it is too high the buyer will buy less, and they produce less oil.

oil prices crash and they can spike. the trend of higher prices is driven by increased demand and reduction in the number of new oil being found.

if the market works we will not run out of it. government intervention has the effect of deterring the production of more oil, which can create a shortage, which when given the choice high oil prices or no oil, most prefer higher prices.

Remember the Oil lines of the 70s were not caused by oil prices but by government OIL rationing, that did not let the price of oil rise, keeping the price down created a shortage. that forced the government to ration oil, because the US refused to pay the market price for oil. the producers refused to sell oil at a discounted price.

OUr oil consumption per capita has fallen after the 2008 price spike, the US is better able to weather these price spike than before. We will be fine.

 

Re: Gas Prices

the demand is down people have already cut back this is about supply and demand which your right its manipulated supply and demand...the ACTUAL demand is down but they are playing with supply to drive the price up high and higher....The demand is so far down right now its crazy so they use headlines shut down refineries to lower the supply and now there are no supply issues all refineries are open....but they still report record profits how?....unless its manipulated

 

Re: Gas Prices

There is the problem... this shouldn't be like any other market, because there is no "real" competition that we can just decide not to use gas.

Again... people are getting filthy rich on the backs of the nation, in a very very short period of time, and you're okay with that... even though it has almost zero bearing on both the supply of oil/gasoline and it tanks the economy? That's just supposed to be okay?

The fact is our consumption of oil is at record lows, and our supplies are at record highs... supply and demand determining the market price is out the window.
Market manipulation is what is driving up the price of oil.

Again... EVERY analyst outside of the oil industry agrees with this.

 

Re: Gas Prices

how can you adapt when your getting your money taken from you so basically your ok with people stealing from you....making you pay an inflated rate? you work most of your life with a college degree to make the $1 million thats on the table while someone is robbing you making 125+ million per year to be a figure head of an oil company? that couldnt even sit infront of congress and act like he cared how his company screwed up our enviroment

 

Re: Gas Prices

just paid 3.499 per gallon... Wtf that's for craptastic regular. I usually put in mid grade bc my car seems to like that more. Oh well shell live on anyway!

 

Re: Gas Prices

I should have bought a big gas tank to put in my garage when gas was $2.25 a gallon to last me awhile until they lower the prices lol.

Is there anything that the citzens of the USA can do to stop the prices from going up? Like go on a strike? I feel paying $4 to $5 a gallon is outragus.

 

Re: Gas Prices

I should have bought a big gas tank to put in my garage when gas was $2.25 a gallon to last me awhile until they lower the prices lol.

Is there anything that the citzens of the USA can do to stop the prices from going up? Like go on a strike? I feel paying $4 to $5 a gallon is outragus.

The only thing we can do is to stop driving as biker said... the reality is, that's just NOT a real possibility... and they know it.

There is no REAL justification for oil to be priced where it is, and for gasoline priced where it is.

BTW... my friend that works in the oil industry in Texas is complaining because there aren't enough hours in the day to pump all the oil out of the ground that they are working.

 

Re: Gas Prices

All this upping the price of gas is going to do is cause more people to fill and drive away and not pay

 

Re: Gas Prices

your right bigdaddyG8 supplies are extremely high so they create "events" to make it seem as though supply is down but its not its manipulation lets start a vote here if your okay with gas companies racking up prices like they are manipulating the marker please vote "yes" if not vote "no" and if you dont mind post your salary in a year and then take that sticker price you got when you bought your cars of cost per year divide that by the cost that they used to get that number which is on there...which will give you "X" amount of gallons multiply that number you have there by $5 so your equation should be as follows

(Sticker Estimation Cost per Year) / (Sticker Gas price used) = (Number of Estimated Gallons) X ($5 Projected gas price) = (New Cost per year)

then I would like to take that New Cost per year and do this equation

(Take Home Pay) - (Current Expenses electric, water, gas, mortgage/rent food etc) - (New Cost Per Year) = (Estimated Play Money)

Remember that number is not what you will actually have because the EPA on fuel cost estimation is very low and if your okay with that final number and think you can be happy with that while the gas company officials make $50+ million the ones who really are reaping the benefits of your hard work vote YES if not vote NO