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Gas Prices

 
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Old 02-23-2012, 07:38 AM   #1
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Gas Prices


Does anyone believe the rising gas prices are purely a product of open market and global economy.
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Old 02-23-2012, 07:45 AM   #2
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Re: Gas Prices


No. Just yesterday they had a report that US oil companies are exporting gas to other countries because they can make more money. They can produce gas cheaper than other countries because natural gas is used in the refining process and natural gas is so cheap right now in this country.
They also shut down refineries here in the US.
So much for the argument back in 2001 that prices were going up because we don't have enough refineries here in the US.

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Old 02-23-2012, 10:12 AM   #3
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Re: Gas Prices


I read basicly the same thing, other places it calculates out to 9.15 a gallon.

I was going to fill up some 55 gal fuel drums but read the shelf life of the E10 CRAP they sell now is 180 days if kept 100% ideal conditions so i never did.

instead of trucks were all going to be working out of VWs and lil cars getting 50 mpg and paying $10 a pound for lunchmeat or burger
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Old 02-23-2012, 10:34 AM   #4
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Re: Gas Prices


we are all screwed
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Old 02-23-2012, 10:45 AM   #5
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Re: Gas Prices


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we are all screwed
Mayne you are. I filled the truck this morning and bought enough groceries last night to last a few weeks.
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Old 02-23-2012, 12:39 PM   #6
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Re: Gas Prices


The gas prices are going up by demand by China and other countries we now sell to and of course by speculation with this Iran nonsense. No more days of keeping reserves and keeping the gas prices down, now it is all about who is going to pay the most. We rely heavily on gas/fuel as well as China does for their growth. In the end China will win, they have the money, we do not. So do we keep cutting back or spend until our economy completely tanks? Either way our economy is going to suffer.
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Old 02-23-2012, 04:11 PM   #7
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Re: Gas Prices


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Originally Posted by woodchuck2 View Post
The gas prices are going up by demand by China and other countries we now sell to and of course by speculation with this Iran nonsense. No more days of keeping reserves and keeping the gas prices down, now it is all about who is going to pay the most. We rely heavily on gas/fuel as well as China does for their growth. In the end China will win, they have the money, we do not. So do we keep cutting back or spend until our economy completely tanks? Either way our economy is going to suffer.
Just sum it up into one word..... GREED
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Old 02-23-2012, 04:35 PM   #8
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Re: Gas Prices


One thing that has a huge effect on gas prices that no one ever talks about is futures trading. Oil should be taken off the commodities market. Let people speculate all they want on oranges and wheat but not on oil. It effects the world economy way to much. Let the free market dictate the price, not speculators.

This is in no means the ultimate solution, but it would be a start.
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Old 02-23-2012, 06:25 PM   #9
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Re: Gas Prices


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Originally Posted by floorinstall View Post
Does anyone believe the rising gas prices are purely a product of open market and global economy.
No, absolutely not. Govt manipulation & crony capitalism is what is driving up the costs
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Old 02-23-2012, 06:44 PM   #10
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Re: Gas Prices


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Originally Posted by Lockejaw View Post
One thing that has a huge effect on gas prices that no one ever talks about is futures trading. Oil should be taken off the commodities market. Let people speculate all they want on oranges and wheat but not on oil. It effects the world economy way to much. Let the free market dictate the price, not speculators.

This is in no means the ultimate solution, but it would be a start.
ABC news had a guy that said that is as much as 22% of the price is speculators. Can't remember his name.
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Old 02-23-2012, 06:48 PM   #11
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Re: Gas Prices


Something to be said for working for neighbors................LOL

I am sickened by the price increases, what are our elected officials doing besides lining their own pockets? We must band together and stop buying and drive the demand down so the price will drop.

OR, take the oil we in the countries we are fighting and dying in! Pipe that shizzle over here in a direct line!
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Old 02-23-2012, 07:03 PM   #12
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Re: Gas Prices


Fair warning guys, it's pretty inevitable that this thread is going to wind up being too political in nature to keep it out of the Politics & Religion section. If that happens, some of you don't have enough posts to follow it there.
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Old 02-23-2012, 07:09 PM   #13
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Re: Gas Prices


Funny how it always spikes right after every new year. Its total manipulation from top to bottom and right now has a whole helluva lot to do with the upcoming election. Frickin' politicians here in the good ole' US of A have sold us all down the river.
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Old 02-23-2012, 07:58 PM   #14
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Re: Gas Prices


Two reasons: Speculators and taxes. Isn't it funny how if you go into a fast food restaurant, you will see all the nutritional facts because I believe the Government makes it madatory yet you don't see where all the $ per gallon goes????
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Old 02-23-2012, 08:10 PM   #15
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Re: Gas Prices


ABC did a break down on $50 worth of gas and it was something like $6 went to tax. Not very much in the scheme of things.
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Old 02-23-2012, 08:20 PM   #16
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Re: Gas Prices


Quote:
Originally Posted by catfish

ABC news had a guy that said that is as much as 22% of the price is speculators. Can't remember his name.
Obama?
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Old 02-23-2012, 10:19 PM   #17
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Re: Gas Prices


For some reason everybody is carping when every country in the world buys the same crude oil and the ships it to a refinery (gasoline does not come from a well) to change whatever is needed. European countries have far higher gasoline/diesel costs (as much as 2X) and buy the same crude at the same price as anyone else. They just pay more hidden taxes. Iran supposedly imports gasoline while it exports crude oil and then sells the gas cheap for political needs, just as Venezuela does.

There is really no American oil company, but some have major interests in refineries that sell to other gasoline suppliers.
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Old 02-23-2012, 11:30 PM   #18
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Re: Gas Prices


looking forward to the 80 mile commute starting next week.
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Old 02-23-2012, 11:44 PM   #19
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Re: Gas Prices


56' to work.

If I need gas I just put some in. If the price bothers you that bad, don't drive around so much.
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Old 02-24-2012, 12:04 AM   #20
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Re: Gas Prices


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Originally Posted by TimNJ View Post
No. Just yesterday they had a report that US oil companies are exporting gas to other countries because they can make more money. They can produce gas cheaper than other countries because natural gas is used in the refining process and natural gas is so cheap right now in this country.
They also shut down refineries here in the US.
So much for the argument back in 2001 that prices were going up because we don't have enough refineries here in the US.
Honestly I think that this is all bullsh*t... I can't believe our government allows for OUR US COMPANIES to sell OUR OIL to OTHER COUNTRIES!!!

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