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Thread: Gas prices are highest ever for this time of year

  1. #141
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by 1Perry View Post
    There are no justifications for that but it pretty much mirrors much of the markets.
    With a national average of $3 and change for a gallon of gas, in which markets does $6 per gallon mirror?

  2. #142
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Sheik Yerbuti View Post
    With a national average of $3 and change for a gallon of gas, in which markets does $6 per gallon mirror?
    Sorry, I was speaking about the markets in general. Perception now trumps fundementals.

  3. #143
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by Erod View Post
    News Headlines



    I just don't get it.

    You build a a new refinery or two, which will directly and indirectly create hundreds of thousands of jobs, and you drive the price down on gasoline, groceries, travel, and everything else. You run that pipleline and you pick up our on- and off-shore drilling production, too

    Basically, Obama has extended the social security tax cut so people get to keep another $40 per month, then gas prices spiral upward so all that and more goes back into the gas tank. What is the point?

    Why we let this go on, while other countries simply pick up the slack and gouge us on the back end, is completely beyond me.

    But I guess the Jedi global-warming mind tricks always work on the weak minded, eh Obi Wan?
    No you don't get it at all. First of all gasoline consumption is DOWN in this country and as a result we are EXPORTING gasoline at the rate of 400,000 barrels a day. How would building a refinery help when we already have so much "excess" capacity? The President does not control gas prices, the speculators do. Even if we produced all our own oil we sould still pay the same speculation inflated price.
    That said I wouldn't be surprised if Obama opens up the strategic oil reserves to head off a spike in gasoline and heating oil just before the election. Clinton had to do it when he was facing re-election. Oil companies like to screw around with voters to give their chosen candidate a hand and Obama will need to call their bluff.

  4. #144
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by iguanaman View Post
    No you don't get it at all. First of all gasoline consumption is DOWN in this country and as a result we are EXPORTING gasoline at the rate of 400,000 barrels a day. How would building a refinery help when we already have so much "excess" capacity? The President does not control gas prices, the speculators do. Even if we produced all our own oil we sould still pay the same speculation inflated price.
    That said I wouldn't be surprised if Obama opens up the strategic oil reserves to head off a spike in gasoline and heating oil just before the election. Clinton had to do it when he was facing re-election. Oil companies like to screw around with voters to give their chosen candidate a hand and Obama will need to call their bluff.
    I agree that obama will open up the strategic reserves in a purely political move but I would be interested to know how you think oil company's can control the price of oil.

  5. #145
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by iguanaman View Post
    [...] Oil companies like to screw around with voters to give their chosen candidate a hand [...]
    Pay no attention to that man behind the curtain!



  6. #146
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by sawyerloggingon, replying to another View Post
    I agree that obama will open up the strategic reserves in a purely political move but I would be interested to know how you think oil company's can control the price of oil.
    Well duh... whoever controls the flow oil controls the price of oil

    However, manipulation of the commodities markets probably works as well as throttling back supply.

  7. #147
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    Re: Gas prices are highest ever for this time of year

    Since the Kerry worshippers blamed Bush for oil prices several years ago I guess its only fair to bash obama over these (up 25c in one day here in Cincinnati) climbing gasoline prices

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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by TurtleDude View Post
    Since the Kerry worshippers blamed Bush for oil prices several years ago I guess its only fair to bash obama over these (up 25c in one day here in Cincinnati) climbing gasoline prices
    It's funny how that works when the fuel in the ground didn't cost them any more than when it was 25 cents cheaper.

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    Re: Gas prices are highest ever for this time of year

    Its a massive market speculation that is pressing oil up. 64% of all oil sold last month was sold to speculators while the rest was sold to consumer orientated companies according to Commodity Futures Trading Commission.
    PeteEU

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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by PeteEU View Post
    Its a massive market speculation that is pressing oil up. 64% of all oil sold last month was sold to speculators while the rest was sold to consumer orientated companies according to Commodity Futures Trading Commission.
    But I've been told that over and over that this 64% does add to the costs.

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