Author Topic: gas prices on the rise again.. (Read 1590 times)

WhiteHawk · « **on:** March 17, 2006, 09:03:44 PM »

And the looting of the america continues....Now we know why monop[olies are illegal.

RAIDER14 · « **Reply #1 on:** March 17, 2006, 09:07:39 PM »

its a terror attack in the U.S. economically:furious

SOB · « **Reply #2 on:** March 17, 2006, 10:54:04 PM »

Jumped 10% last weekend...must've been a critical refinery shutdown. Those damned phetzer valves keep going out!

rpm · « **Reply #3 on:** March 17, 2006, 10:57:37 PM »

At least we can sleep nights knowing that none of our elected leaders have huge stakes in the oil biz.

Debonair · « **Reply #4 on:** March 17, 2006, 11:38:35 PM »

guys with heart trouble can't have huge steaks
try again tovarich

WhiteHawk · « **Reply #5 on:** March 18, 2006, 06:26:05 AM »

Quote

Originally posted by rpm
At least we can sleep nights knowing that none of our elected leaders have huge stakes in the oil biz.

Yea, that would make me a bit suspicious.

Heater · « **Reply #6 on:** March 18, 2006, 06:35:13 AM »

Park all of the SUV's with One person in them and that would cut the Demand by 50%

MiloMorai · « **Reply #7 on:** March 18, 2006, 07:00:39 AM »

The news said the price increase was due to the change over from 'winter' gas to 'summer' gas. How long has been 'winter' gas been around?

sounds like another lame excuse to rip off the consummer.

Fury · « **Reply #8 on:** March 18, 2006, 07:15:58 AM »

The part that drives me crazy is that gas keeps jumping up and down 20 cents every other day here for the last few weeks....anywhere from 2.29 to 2.62, back and forth. No steady increase, no steady decline...just jumping madly around for no apparent reason.

And of course I always catch the days that it jumps.

RAIDER14 · « **Reply #9 on:** March 18, 2006, 07:59:47 AM »

Captain Virgil Hilts · « **Reply #10 on:** March 18, 2006, 08:16:31 AM »

Quote

Originally posted by MiloMorai
The news said the price increase was due to the change over from 'winter' gas to 'summer' gas. How long has been 'winter' gas been around?

sounds like another lame excuse to rip off the consummer.

Winter gas has been around for DECADES.

Gasoline in the states is formulated for the seasons, both for consumer convenience, and for emissions purposes. Compounding that issue is the boutique gas that the EPA requires for certain cities and regions, noty only does the city or region require something special, but the seasons in that city or region require something else special as well. If you actually believe gasoline is gasoline, and it is all the same, you are very sadly mistaken.

Captain Virgil Hilts · « **Reply #11 on:** March 18, 2006, 08:22:16 AM »

Quote

Originally posted by Fury
The part that drives me crazy is that gas keeps jumping up and down 20 cents every other day here for the last few weeks....anywhere from 2.29 to 2.62, back and forth. No steady increase, no steady decline...just jumping madly around for no apparent reason.

And of course I always catch the days that it jumps.

Blame that on the little suit wearing goobers infesting offices all over the world, speculating on oil, hoping to make a fast buck, for no work at all, regardless of the cost to the world economy.

The same applies to all commodities, but oil is possibly the most volatile commodity there is, and as such, the commodity speculating makes the price of oil fluctuate wildly.

There is no apparent reason. Chavez makes some absurd statement, the little pencil neck goobers go speculating. A small fire at a refinery, and the goobers go speculating. China says they need more oil, the goobers go speculating. Every little event causes them to go speculating. Every time they go speculating, you pay for it.

Supply and demand also effects it.

Ripsnort · « **Reply #12 on:** March 18, 2006, 08:47:05 AM »

Quote

Typically, the demand for gas spikes during the summer, when lots of people go on vacation. Holidays like Memorial Day and the Fourth of July create logjams of tourist traffic during the summer. This high demand usually translates into higher gasoline prices, although that's not always the case. For instance, while gas prices soared 31 cents in April and early May of 2001, reaching $1.71 per gallon, prices actually declined during the 2001 summer. In 2004, prices continued to rise past the end of the summer travel season for a variety of reasons, including several hurricanes and an increase in the price of crude oil.

Price increases generally occur when the world crude-oil market tightens and lowers inventories. We will discuss who controls the crude-oil market later. Also, growing demand can sometimes outpace refinery capacity. In the spring, refineries perform maintenance, which can place a pinch on the gasoline market. By the end of May, refineries are usually back to full capacity.
http://travel.howstuffworks.com/gas-price1.htm

WhiteHawk · « **Reply #13 on:** March 18, 2006, 06:45:49 PM »

If you'll notice, all the different gas stations prices pretty much raise and fall exactly the same. Impossible to do unless carefully coordinated. Gas is not usually the big profit maker for individually owned stations, so the 'penny less' wars would have ordinarily started by now and the gas prices would find thier natural 'supply demand' point due to competition. Record breaking profits for the oil companies is concrete proof that the price of a gallon of gas is rising disproportionatley to cost of producing it. Now, every business has a right to make as much money as it can, so long as it operates within the rules of this 'once great' nation. I would say from afar, that price fixing is in full swing and this summer is going to bring 4.00 a gallon gas due to some crisis, or 'demand spike' from china. Like the man said, i'm sure our elected officials are feverishly working to find the culprits and bring them to justice.

Holden McGroin · « **Reply #14 on:** March 18, 2006, 06:56:04 PM »

Quote

Originally posted by WhiteHawk
If you'll notice, all the different gas stations prices pretty much raise and fall exactly the same. Impossible to do unless carefully coordinated.

Free market supply and demand allows for a overall price rise. If demand remains heavy the price goes up until demand levels off. If demand remains strong the price continues to rise.

If my gas station is across the street from yours I cannot ask 10 cents a gallon more than you without effecting my sales volume, but a couple of cents won't make that much difference. Especially when you look at my price sign and realise you can raise your prices and make more money too.

We have just conspired to raise gas prices without planning to or even speaking to each other about it.