endzone_dave Posted October 3, 2011 Share Posted October 3, 2011 Oil is now around $78 per barrel. I know there is not a direct correlation between gas and oil prices but there is a certain point where you have to wonder if something fishy isn't going on. Every time oil goes up in price, gas prices go up to but when oil prices drop significantly, they don't, hmm... Link to comment Share on other sites More sharing options...
TradeTheBeal! Posted October 3, 2011 Share Posted October 3, 2011 $3.50 a gallon is not what I would consider "expensive". Link to comment Share on other sites More sharing options...
No Excuses Posted October 3, 2011 Share Posted October 3, 2011 Vote for Michelle Bachmann. You'll pay below $2 per gallon. Link to comment Share on other sites More sharing options...
corsair_joe Posted October 3, 2011 Share Posted October 3, 2011 Vote for Michelle Bachmann. You'll pay below $2 per gallon. Riiiiiiight...... It's been shown that the market is willing to pay these prices so they are here to stay, simple economics. Link to comment Share on other sites More sharing options...
HogNose Posted October 3, 2011 Share Posted October 3, 2011 Vote for Michelle Bachmann. You'll pay below $2 per gallon. I still can't believe she said that with a straight face. What an idiot. :doh: Link to comment Share on other sites More sharing options...
Major Harris Posted October 3, 2011 Share Posted October 3, 2011 Riiiiiiight......It's been shown that the market is willing to pay these prices so they are here to stay, simple economics. this is my thought too. Link to comment Share on other sites More sharing options...
Destructis Posted October 3, 2011 Share Posted October 3, 2011 Riiiiiiight......It's been shown that the market is willing to pay these prices so they are here to stay, simple economics. It's not that we are willing, we didn't have a choice. I could pay the gas prices or quit my job. Link to comment Share on other sites More sharing options...
S.T.real,lights,out Posted October 3, 2011 Share Posted October 3, 2011 It's not that we are willing, we didn't have a choice. I could pay the gas prices or quit my job. Yes, its not like everyone can go on strike and not buy gas. Its something we all NEED not want. Link to comment Share on other sites More sharing options...
milellie111 Posted October 3, 2011 Share Posted October 3, 2011 Because man is greedy Link to comment Share on other sites More sharing options...
mcsluggo Posted October 3, 2011 Share Posted October 3, 2011 when was the last time you read about a new US refinery coming on-line? was it in YOUR back yard? its my understanding that refineries are running pretty close to capacity, and while oil is certainly the single biggest expence... if supply is constrained for a product with an inelastic demand curve, then price is gonna be high. Link to comment Share on other sites More sharing options...
twa Posted October 3, 2011 Share Posted October 3, 2011 I still can't believe she said that with a straight face. What an idiot. :doh: No more a idiot than Pelosi when she promised to lower prices....suckers are born every day. Link to comment Share on other sites More sharing options...
Busch1724 Posted October 3, 2011 Share Posted October 3, 2011 Before the high prices of 4 years ago, how much was gasoline when the price per barrel was $78? ---------- Post added October-3rd-2011 at 09:41 AM ---------- Seems the price per gallon was quite a bit lower compared to the price per barrel back in 2006. http://money.cnn.com/2006/08/30/news/economy/gas_prices/index.htm Link to comment Share on other sites More sharing options...
Major Harris Posted October 3, 2011 Share Posted October 3, 2011 Yes, its not like everyone can go on strike and not buy gas. Its something we all NEED not want. we don't need near as much as we use. if we just boycotted the "want" part of the equation, it'd probably make a difference. Link to comment Share on other sites More sharing options...
twa Posted October 3, 2011 Share Posted October 3, 2011 when was the last time you read about a new US refinery coming on-line?was it in YOUR back yard? its my understanding that refineries are running pretty close to capacity, and while oil is certainly the single biggest expence... if supply is constrained for a product with an inelastic demand curve, then price is gonna be high. The new regs are certainly not gonna lower the price either It is kinda funny they need to pipe crude all the way down here from Canada though....already a lotta refineries in my backyard. Link to comment Share on other sites More sharing options...
Koolblue13 Posted October 3, 2011 Share Posted October 3, 2011 Because we are a selfish lazy and wasteful country. We drive whenever we want. We buy foreign goods, without hesitation, the things we do buy are surrounded by garbage we call packaging and if you make an effort, a real serious effort to change your ways, people call you a hippy or a loon, instead of responsible or accountable. It's the same with healthcare. We are fat and lazy and have some of the worst diet and exercise habits on the planet. Who do we expect to change it? The government? They get paid tons of money to leave the system the way it is. The company owners? That's why they started the business. Things are more expensive then they need to be, because of one reason. You. Link to comment Share on other sites More sharing options...
endzone_dave Posted October 3, 2011 Author Share Posted October 3, 2011 when was the last time you read about a new US refinery coming on-line?was it in YOUR back yard? its my understanding that refineries are running pretty close to capacity, and while oil is certainly the single biggest expence... if supply is constrained for a product with an inelastic demand curve, then price is gonna be high. Why would they add any more reineries? They are making billions in profits as it is. It benefits them to keep supply low and prices high. Link to comment Share on other sites More sharing options...
rictus58 Posted October 3, 2011 Share Posted October 3, 2011 Well....everyone except for you of course KB. Link to comment Share on other sites More sharing options...
88Comrade2000 Posted October 3, 2011 Share Posted October 3, 2011 They are slowing conditioning us for higher prices. Eventually, prices will be as high as Europe. Everyone is now used to $3/gallon. Eventually, we get used to $4/gallon and so on and so on. Link to comment Share on other sites More sharing options...
PeterMP Posted October 3, 2011 Share Posted October 3, 2011 when was the last time you read about a new US refinery coming on-line?was it in YOUR back yard? its my understanding that refineries are running pretty close to capacity, and while oil is certainly the single biggest expence... if supply is constrained for a product with an inelastic demand curve, then price is gonna be high. Over the last few years, they've closed refineries not to far from where I live (and not from pressure from the government). http://www.nj.com/news/index.ssf/2009/10/closing_of_postal_service_cent.html http://articles.philly.com/2011-10-02/business/30235392_1_refineries-delaware-river-oil-facilities Doesn't seem to make sense for anybody to invest in opening new ones if they are closing the ones that are here. Link to comment Share on other sites More sharing options...
DCSaints_fan Posted October 3, 2011 Share Posted October 3, 2011 It's not that we are willing, we didn't have a choice. I could pay the gas prices or quit my job. Or get a more fuel efficient car Or move closer to work Or find a job thats closer to where you live Or use public transit Link to comment Share on other sites More sharing options...
Kosher Ham Posted October 3, 2011 Share Posted October 3, 2011 Or get a more fuel efficient carOr move closer to work Or find a job thats closer to where you live Or use public transit All three of your suggestions are not usually options. On topic, because for some reason pride gets in the way of reason. selfishness and entitlement adds to it. Stupidity, etc. EDIT: How did you end up with 4 ? Link to comment Share on other sites More sharing options...
twa Posted October 3, 2011 Share Posted October 3, 2011 Over the last few years, they've closed refineries not to far from where I live (and not from pressure from the government).http://www.nj.com/news/index.ssf/2009/10/closing_of_postal_service_cent.html http://articles.philly.com/2011-10-02/business/30235392_1_refineries-delaware-river-oil-facilities Doesn't seem to make sense for anybody to invest in opening new ones if they are closing the ones that are here. It makes sense if you can do it cheaper or more efficiently . Does pressure from the govt include tightening emission rules or extreme hurdles to expansion of existing plants?....right to work laws ? Is it pressure to have hurdles or simply obstruction? Link to comment Share on other sites More sharing options...
Bang Posted October 3, 2011 Share Posted October 3, 2011 gas is expensive because it can be. back on Memorial Day friday.. I saw a report on the local news of how crowded 95 was leaving town,, heading south. It was solid cars crawling for miles... the reporter walked between the cars and all of them said they didn't care about the gas prices, they were going to have their vacation... They then shifted to a marina where they interviewed the owner, and he expected a ton of business over the weekend,, estimated his average customer would spend 1200 bucks to fill their boats with gas to tool around in the Potomac. Then they shifted to a gas station that had prices over $4.. and then another one that was at 3.80, and had a line-up. The oil companies see these things. They know that we will not change our behavior. They saw right then and there that $4 a gallon would not make us pull back at all. And what do you know.. gas is hovering around 3.50.. and soon it will crep to 3.75 and 3.90 and we'll accept it. So long as it doesn't hit 4.25, or the next BS ceiling we put out there that will make us finally change. Gas is expensive because it can be. We won't do anything about it. ~Bang Link to comment Share on other sites More sharing options...
PeterMP Posted October 3, 2011 Share Posted October 3, 2011 It makes sense if you can do it cheaper or more efficiently .Does pressure from the govt include tightening emission rules or extreme hurdles to expansion of existing plants?....right to work laws ? Is it pressure to have hurdles or simply obstruction? To my knowledge, none of them wanted to expand. Everybody is interested and keeping them, and they are close together (right next to one another), and I'd be shocked if anybody had any problem with one staying open and expanding into the one(s) closing. Clearly, if they can do it some where where the government is bad and the people are poor and they can pollute without being worried about the consequences and add to their net worth by paying their workers peanuts, they are going to do it there. It probably has the added bonus of allowing them to pretend like they are two different companies, and one is selling it to another and making money, but not associated with the US so they don't pay US taxes on it too. But hey, then let's not pretend then the reason our prices are high is because there are no refineries here. At least with Wal-Mart, they pass some of their savings with respect to using cheap labor and lack of pollution control onto the consumer in terms of lower prices. The oil companies don't even seem to be able to make that claim. Link to comment Share on other sites More sharing options...
endzone_dave Posted October 3, 2011 Author Share Posted October 3, 2011 I'm sure if our politicians weren't bought off by the refinery companies, our government would step in and prevent this price fixing. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.