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

  1. #151
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by 1Perry View Post
    But I've been told that over and over that this 64% does add to the costs.
    Well it does, which means that it is in their interest to drive up prices to expand their profit margin. And since they control 64% of the market, then controlling the price is pretty damn easy for them.
    PeteEU

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

    Quote Originally Posted by PeteEU View Post
    Well it does, which means that it is in their interest to drive up prices to expand their profit margin. And since they control 64% of the market, then controlling the price is pretty damn easy for them.
    Dang. It was early. I meant to say that I've been told that this 64% doesn't add to the costs. They only make the markets work well.

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

    Quote Originally Posted by Stewart View Post
    Wow, as the price goes up people consume less, who would have thunk it?
    The theory presented by libs was gas prices went up and are still going up due to Obams growing economy. The graph clearly shows gas consumption in US has trended down since obama was immaculated so the theory is clearly wrong. Your new theory presented on the spur of the moment in an attempt to wiggle out of being proven wrong is a typical liberal ploy and it would be the first time in history that as an economy got better gas consumption went down instead of up. Your logic is severely flawed but liberal and logic are oxymoron's so as you said, "who'd of thunk".

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

    Quote Originally Posted by Karl View Post
    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.
    Theres a little group called OPEC that controls the flow of oil, the oil comps buy all they can all the time. I can't believe I am responding to a poster that starts out with "Well duh".

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

    Quote Originally Posted by sawyerloggingon View Post
    Theres a little group called OPEC that controls the flow of oil, the oil comps buy all they can all the time. I can't believe I am responding to a poster that starts out with "Well duh".
    All needs are being met. I get a kick out of those who argue that the answer is for OPEC to overproduce to cool the markets. Over producing is not the answer.

    Asking a general question.......why should OPEC produce more oil than is needed? (as in actual use)

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

    Quote Originally Posted by AdamT View Post
    True, but U.S. gas taxes are far lower than they are in, e.g. Europe.
    Hawaii as an example


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


  8. #158
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    Re: Gas prices are highest ever for this time of year

    Quote Originally Posted by 1Perry View Post
    All needs are being met. I get a kick out of those who argue that the answer is for OPEC to overproduce to cool the markets. Over producing is not the answer.

    Asking a general question.......why should OPEC produce more oil than is needed? (as in actual use)
    My only point was that US oil comps do not control the flow of oil so Karl's conspiracy theory is BS. I wish OPEC would over produce but they would be cutting their own throats so why would they but this is exactly why we need to produce as much domestic oil as possible so they don't have us over a barrel, an oil barrel to be precise.

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

    Quote Originally Posted by sharon View Post
    Good point, gov makes more off of gas than the evil greedy oul comps.

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

    Quote Originally Posted by sawyerloggingon View Post
    My only point was that US oil comps do not control the flow of oil so Karl's conspiracy theory is BS. I wish OPEC would over produce but they would be cutting their own throats so why would they but this is exactly why we need to produce as much domestic oil as possible so they don't have us over a barrel, an oil barrel to be precise.
    Oil companies operate on "just in time" inventory.... like most other types of businesses.. They don't waste capital building storage and warehousing facilities.

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