Gas prices

ob

Admiral
Joined
Aug 16, 2002
Messages
6,992
Re: Gas prices

Don't know what news you guys get from your TV but mine said a few weeks ago that one of the current additives to gas was being done away with and substituted for more ethanol.Trouble is ,current ethanol production can't immediately satisfy this need until production facilities can be expanded.Until then ,expect gas prices to reach around $3.00 gal. or more for reg unleaded by summer.As to the 100 percent increase in gas over the last 5 years,I'll let others hash that out.
 

Pony

Rear Admiral
Joined
Jun 27, 2004
Messages
4,355
Re: Gas prices

I admit that paying this much for gas is ridiculous.......and yeah it is governed by supply and demand. but its not a true market if the oil company manipulates the supply in order to jack up price. Monopolistic.<br /><br /><br />Even with that being said.....the price of gas now, adjusted for inflation, is still lower that it was in the 70's.
 

Haut Medoc

Supreme Mariner
Joined
Jun 29, 2004
Messages
10,645
Re: Gas prices

It sucks that the price of oil has risen so drastically.....<br />Especially since our Iraqi invasion!<br />I am very surprised that some here would be O.K. with the U.S. becoming plundering invaders....<br />After all, we went in for WMD's....<br />UHHHH.......To bring democracy......<br />Now we want the Iraq's to pay for our invasion with oil?<br />Even King George would have a hard time explaining that one away! ;) ......JK
 

Gone

Petty Officer 1st Class
Joined
Aug 28, 2005
Messages
389
Re: Gas prices

Every gallon of gas that we don't buy will be sold to the chinese. There are more countries clamoring for oil than is available. That's why the price goes up. As for ethanol, it takes more energy to produce than the same unit of gasoline and you get less mileage. No savings there! Yes, diverting grain to ethanol production will raise the price of food. Yes the .Gov will change the road tax to meter your odometer instead. More technology learned from the "Onstar" experiment. There aren't going to be any lower prices.
 

Kenneth Brown

Captain
Joined
Feb 3, 2003
Messages
3,481
Re: Gas prices

A time to laugh, a time to cry, a time for everything. Sometime in the near future somebody in power is gonna have to grow some balls and do something positive for us, the tax paying citizens, or they will end up with a civil war here at home.
 

SpinnerBait_Nut

Honorary Moderator Emeritus
Joined
Aug 25, 2002
Messages
17,651
Re: Gas prices

Yea people, it can't continue on this trend.<br />Someone will have to step up to the plate and do something.<br /><br />Don't care what anyone says, the prices do not need to leap 30 cents a gallon overnight as they are here at home with the major refinery not more than 5 mile away.<br /><br />It is good ol fashion gouging, plain and simple. :mad: :mad: <br /><br />I am up over $1100 a month on my gas bill and that really hurts the bottom line.<br /><br />The truckers are another group that is taking a huge hit. I see a stopage by them in the near future. Then we will see what America wants.<br /><br />Not if, but when they strike, it will bring us to a standstill. Those that don't think so are just fooling theirselves.
 

Pony

Rear Admiral
Joined
Jun 27, 2004
Messages
4,355
Re: Gas prices

Stupid futures..............imagine how much cheaper it could be if we paid per gallon an amount appropriate to the price of crude when the gasoline in the tanks under the fill station was purchased, and not the price of crude as it fluctuates.
 

bootle

Lieutenant Junior Grade
Joined
Jan 2, 2006
Messages
1,028
Re: Gas prices

It ain't the price of oil so much, it is the value of your dollar ;)
 

ZmOz

Captain
Joined
Aug 13, 2003
Messages
3,949
Re: Gas prices

Originally posted by SBN:<br />It is good ol fashion gouging, plain and simple. :mad: :mad:
Exactly. You can blame it on China. You can blame it on GWB. You can blame it on ethanol, refineries, or even that weird guy next door that you don't like. In the end it all boils down to greedy, monopolized oil companies. PERIOD. There is no other explanation for them to be making more profit than any other company in history.<br /><br />
Originally posted by Haut Medoc:<br />I am very surprised that some here would be O.K. with the U.S. becoming plundering invaders....
That's the way it's always worked since civilization began - the most powerful countries take what they need from the smaller ones. Why should the last 100 years out of thousands be any different? We'd all be living in the UK and talking with funny accents if we didn't come here and steal from the indians... ;)
 

Haut Medoc

Supreme Mariner
Joined
Jun 29, 2004
Messages
10,645
Re: Gas prices

Well then let's kick all the Iraqs out & pump the mofo dry! :D .....<br />That will bring those prices down! ;) ....<br />& the gov can sell the oil to China & pay off the national debt :cool: .....<br />We just need to get rid of the indigenous inhabitants :) .....JK
 

heycods

Captain
Joined
Nov 11, 2005
Messages
3,941
Re: Gas prices

Originally posted by Haut Medoc:<br /> Well then let's kick all the Iraqs out & pump the mofo dry! :D .....<br />That will bring those prices down! ;) ....<br />& the gov can sell the oil to China & pay off the national debt :cool: .....<br />We just need to get rid of the indigenous inhabitants :) .....JK
Yea lets nukeum :D in a few thousand years ye can get all the oil we want from under that layer of glass. ;) :eek: :eek:
 

demsvmejm

Master Chief Petty Officer
Joined
Jul 4, 2004
Messages
831
Re: Gas prices

I am conflicted. I agree with both sides of the issue. But I also think that gwb and cheney have great culpability in the current state of affairs. What other industry would be allowed to have representatives in a closed door top-secret policy making session? Who else would be allowed to go before a hearing board and not be required to testify under oath? Oh, yeah that's right, ANY friend of this administration, but not the common citizen.<br /><br />Price swings as great as have been in the recent weeks are ridiculous. And I ask again, what other industry could post record profits while their costs of raw materials were at record levels. If tuna of the boats tripled in price do you think that Charlie could triple his retail price and still sell his product? Of course not, so where is the true free market? Gasoline, and other energy is not an optional commodity to American life anymore and it should be controlled just like any utility. The whole idea behind utility regulation was to prevent the services which were mandatory to our societies from being able to rape the citizens because they were mandatory. How would you like it if your electric company could set it's own price to whatever it wanted? The reason our economy grows is because certain "necessities" are controlled in cost by the government. Otherwise the few industries that life truly depends on would dominate and there would be no room left for any other market. What would you do if your heat and electricity cost so much you couldn't afford them and your house too? Or what if you could afford your house, food, heat and lights but no gas for your car to go to work, or even worse gas for your boats? :) <br /><br />It is high time that something is done about the free market that the oil industry has over the average citizen. But it must NOT be a knee-jerk reaction like so much this administration and congress has done to us. And even more importantly, whatever is done to rectify this rape of America, it must be sound in judgement and for the benefit of the average American citizen, not just for the few, again like so much from this admin & con-gress.
 

txswinner

Banned
Joined
Apr 24, 2005
Messages
2,326
Re: Gas prices

Here's a plan, All windfall profits made by the oil companies go to the families of the Dead soldiers and to the families and wounded soldiers that W sacrified to make them happen.<br /><br />If the big boys do not get to keep the blood money maybe they will back off.
 

ZmOz

Captain
Joined
Aug 13, 2003
Messages
3,949
Re: Gas prices

Originally posted by txswinner:<br />that W sacrified to make them happen.
As was asked before, where is all this cheap oil we went to war for? :confused: I want to buy a couple hundred gallons. Maybe it's on ebay?<br /><br />Could you also explain to me how GWB sets oil prices? Does he meet with the Exxon guys every moday to pick the week's gas prices? I'm still a little unclear about that.
 

Haut Medoc

Supreme Mariner
Joined
Jun 29, 2004
Messages
10,645
Re: Gas prices

Z, That's classified information! How did you get it? :mad: .... :) .....JK
 

txswinner

Banned
Joined
Apr 24, 2005
Messages
2,326
Re: Gas prices

The government is buying in huge numbers maybe you can explain to me how pressure can be applied. They sure taxed me with windfall taxes during the first shortage when Exxon and friends used the citizens to locate the oil then threatened to shut in wells if we would not sell. This I did not read from the Liberal media I experienced it first hand. Two producing wells shut in because I would not sell my royalty rights.
 

PW2

Commander
Joined
Apr 21, 2004
Messages
2,719
Re: Gas prices

What the gov't can do:<br /><br />1. It can fund a a major moonshot type effort to find an alternate, renewable, affordable source of energy.<br /><br />2. It can build and promote an effective an affordable mass transit infrastructure.<br /><br />What the gov't can't do.<br /><br />It can't control the price of oil. T. Boone Pickens says the available supply of crude is limited to 85 million barrels per day. As the China , India, and other 3rd world economies demand more oil, the price is going to rise to ensure that demand does not exceed that 85 million barrel daily rate. It does not matter who pays it, or who consumes it. <br /><br />Only decreased demand can lower the price of oil.<br /><br />On a sidenote, I am shocked and dismayed at the number of conservatives on this board that seem to disdain capitalism and free markets. I am an avowed lib who apparently embraces capitalism more than many of you do!
 

Kenneth Brown

Captain
Joined
Feb 3, 2003
Messages
3,481
Re: Gas prices

Originally posted by txswinner:<br /> Here's a plan, All windfall profits made by the oil companies go to the families of the Dead soldiers and to the families and wounded soldiers that W sacrified to make them happen.<br /><br />If the big boys do not get to keep the blood money maybe they will back off.
Ok, I agree with this.
 

nothreat

Petty Officer 2nd Class
Joined
Aug 7, 2004
Messages
123
Re: Gas prices

I firmly believe in the free market for non-essential items. However, I think gas and electricity don't follow the same rules as eggs and televisions. I also don't think that a free market is what causes the 25 - 40 cent cycle on a daily basis. Oil is purchased long in advance of its sale to me and the price of the oil I buy should not be defined by the price of the oil the company is purchasing this afternoon or might purchase tomorrow. I am not as troubled by the price of the product as I am the apparent manipulation of the market. Maybe I am wrong and I would like to be. But, when the oil company is posting record profits, it is hard to accept the whole supply/demand argument.
 
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