Author Topic: gas prices on the rise again.. (Read 1581 times)

Sandman · « **Reply #45 on:** April 13, 2006, 05:42:20 PM »

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Originally posted by Holden McGroin
let's see... supply is limited... demand continues to rise... where's that econ 101 book?

I think you mean "perfect inelastic demand".

Holden McGroin · « **Reply #46 on:** April 13, 2006, 05:58:26 PM »

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Originally posted by RedTop
Supply limited?

Oh that's right, we have an unlimited supply. All this fuss about Arab crude is just a smokesceen.

Tarmac · « **Reply #47 on:** April 13, 2006, 05:58:37 PM »

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Originally posted by RedTop
Supply limited?

Yeah, supply is limited. There's only so much oil in the world, and it's getting more difficult (expensive) to get to. Then there's only so much pumping capacity in the world. Then there's OPEC restricting pumping further to increase prices. Then there's shipping concerns... how much can be moved across the oceans and for how much - supertankers are 100% booked for the forseeable future. Then there are laws (both environmental and protectionist) in the US that keep more refineries from being built which, of course, limits refining capacity.

If you want oil prices to go down, first look to your government... not to cap prices, but to allow more oil refineries to be built.

RedTop · « **Reply #48 on:** April 13, 2006, 06:06:19 PM »

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Originally posted by Holden McGroin
Oh that's right, we have an unlimited supply. All this fuss about Arab crude is just a smokesceen.

Hmm...ok so let me get this straight.

Your saying that 4-6 weeks ago when I was paying about 190-2.05 a gallon , that all of the sudden the demand has reached another level to make it amost a dollar more? Hmmmm....ok

which brings me to what I said in my post.....let me recap....

Government aint gonna try to help cause they have an interest in them making money.

There is OIL out there. There ARE things that could be done by OIL companies and Government. THEY DON'T WANT TO DO IT. So you and I alike will pay for it....YEs it is supply and demand. I happen to think that the supply is there. But the DEMAND makes em money. ALOT OF IT.

Sandman · « **Reply #49 on:** April 13, 2006, 06:30:03 PM »

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Originally posted by Tarmac

If you want oil prices to go down, first look to your government... not to cap prices, but to allow more oil refineries to be built.

It won't make any difference.

Holden McGroin · « **Reply #50 on:** April 13, 2006, 06:30:57 PM »

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Originally posted by RedTop
Hmm...ok so let me get this straight.

Your saying that 4-6 weeks ago when I was paying about 1.90-2.05 a gallon , that all of the sudden the demand has reached another level to make it amost a dollar more? Hmmmm....ok

According to the DOE, the average price per gallon in Houston was 2.70 the week of April 10, '06. One year ago, the price was 57.8 cents less, or 2.122 per gallon... a 27% increase over a years time.

The cost of a barrel of crude a year ago was 46.84 / bbl last week it was 61.27 / bbl: a 30% increase of the cost of crude.

Cost of the raw material goes up 30%, our cost goes up 27%...

RedTop · « **Reply #51 on:** April 13, 2006, 06:40:20 PM »

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Originally posted by Sandman
It won't make any difference.

Oh My GOSH.....Sandy and I agree:eek:

RedTop · « **Reply #52 on:** April 13, 2006, 06:51:09 PM »

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Originally posted by Holden McGroin
According to the DOE, the average price per gallon in Houston was 2.70 the week of April 10, '06. One year ago, the price was 57.8 cents less, or 2.122 per gallon... a 27% increase over a years time.

The cost of a barrel of crude a year ago was 46.84 / bbl last week it was 61.27 / bbl: a 30% increase of the cost of crude.

Cost of the raw material goes up 30%, our cost goes up 27%...

Ok Holden...let me say this first...I enjoy your posts and wit and how you can make a point.....Lets get that on the table first.

NOW....My witty lil poster......

What in the WORLD has changed to make oil harder to get?

What in the world has changed that RAW materials have gone to increase gas prices as they are?

Why is it that during holidays , spring breaks , warmer weather/colder weather that gases prices suddenly become HIGHER?

I don't buy for one second that the demand is such that all of the sudden it costs more to get oil or it costs more to make gas. Thats a crappy excuse. The oil industry is raping us.

Explain to me how today , it costs MORE to make a gallon of gas than it did 1 year ago. Why is it that all over the world there is oil , yet it costs more today than it did a year ago. Why is it that our government in all its infinate BS wisdom doesn't sit down and tell the oil companies here to KNOCK IT OFF.

MONEYYYYYYYYYYYYYYYYY........ ...............that you and I and the rest of the US people shell out everyday for a comodity that is basically the heart and soul of our life.

They have it. They can make gas. They can make a ton of money even if they would do the right thing. GREED and MONEY. hand in hand they go.

Holden McGroin · « **Reply #53 on:** April 13, 2006, 07:14:27 PM »

Here is about 4000 words in reply.

Basic economics. Everyone wants more, everyone is willing to pay for it, those who may not want to pay for it still do so anyway, there is nothing driving the cost down and everything is driving the cost up. Fuel is worth what our actions say it is worth, even if we gripe about it.

Rolex · « **Reply #54 on:** April 13, 2006, 07:24:20 PM »

A few reasons, Red.

1. The rest of the world wants to buy oil too. Two-thirds of the middle east oil is shipped to the east, not the west, to satisfy the massive increase in demand from China, India and developing countries. The US has to compete for that oil now.

Everyone in the world is paying higher prices, not just you.

2. Refineries suspend operations in the 2nd Qtr (now) for maintenance and the number of refineries scheduled to be off line this year is higher than last year.

3. There are only so many ships and barrels available to ship. Bookings for ships are made in advance, so naturally, some countries made extra bookings to anticipate the higher number of refineries being off line this year. That has contributed to increasing prices.

Higher world-wide demand, but a lower supply available this quarter.

[Added: Oops, we just said the same thing, Holden. Hopefully lazs will be around soon to approve or correct us with his incisive and brilliant intellect.]

RedTop · « **Reply #55 on:** April 13, 2006, 07:32:38 PM »

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Basic economics. Everyone wants more, everyone is willing to pay for it, those who may not want to pay for it still do so anyway, there is nothing driving the cost down and everything is driving the cost up. Fuel is worth what our actions say it is worth, even if we gripe about it.

Ok..I understand those statements.....Still though I wonder why it is more expensive to make gas now than a year ago. 2 years ago for that matter.

and just one more thing.....

IMO....The oil companies are still raping us without reason and I'll use this lil senario...

If I had a Cheeseburger and had 5 millionaires chained up and starving that cheeseburger would be worth alot to one of em. BUT , If I split it 5 ways I could give em all a taste and make more huh.

Same way I look at this. Better to make a bunch of nickles than to try to make 1 quarter.

IF they wanted to help the people , they could....But they have no desire to...so they screw us.

Nice guys do finish last.

Thanks Holden...Stats and numbers are fine and state your case. I think you can figure mine out.

ROLEX BUDDDDDYYYYYYYYYYY

Thanks for the reply. I see yalls stance. REALLY I do. I understand supply and demand. I'm not totally ignorant though I do play that on AH.

It's principle. The oil companies report the highest margin of profit ever , yet say they aren't making anymore than they ever have in comparison. Don't add up to me.

BTW Rolex....shot 64 last week.

Flit · « **Reply #56 on:** April 13, 2006, 08:13:15 PM »

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Originally posted by Eagler
the difference being that one can make it easliy without ever going to a McD's, the same can't be said about a gas station

my guess is that you didn't invest much or if you did, you either live with your parents or an apartment full of room mates ..

Hehe , you are so wrong I gotta laugh.
the $400 bucks a month I've been putting into a SEP for 5 years is worth about 18k- You do the math.
That does'nt include the the ROTH account I started this year.
Or the CD's that are getting 4.5 % for 9 months.
The point I was was trying to make was that if you never "see the Money" in your hand, you won't have a chance too spend it.
BTW- Both of my patents are dead, and I live with my Wife.
O, and I've been self employed for 10 years.

Rolex · « **Reply #57 on:** April 13, 2006, 08:16:49 PM »

{Watching Red's blood pressure go up after he reads this:}

ExxonMoblie made $90 billion profit then the government gave them $15 billion worth tax credits to help them out of their misery. You need to buy a few Congressmen.

Smooth score. You start on the 3rd hole?

Let me guess - you hit nothin' but hooded knockdowns that ran a mile on hardpan fairways to keep it under that God awful Texas wind this time of year, then made a mile of putts?

I'm going to Orlando in a few months to look at a place near Lake Nona.

Going to start weaning myself out of Japan next year. A month here, a month there.

RedTop · « **Reply #58 on:** April 13, 2006, 08:28:33 PM »

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Originally posted by Rolex
{Watching Red's blood pressure go up after he reads this:}

ExxonMoblie made $90 billion profit then the government gave them $15 billion worth tax credits to help them out of their misery. You need to buy a few Congressmen.

Smooth score. You start on the 3rd hole?

Let me guess - you hit nothin' but hooded knockdowns that ran a mile on hardpan fairways to keep it under that God awful Texas wind this time of year, then made a mile of putts?

I'm going to Orlando in a few months to look at a place near Lake Nona. Going to start weaning myself out of Japan next year. A month here, a month there.

Don't even get me started about taxes:mad:

Actually the fairways at my home track have been fairly soft. Some rain , but mainly we have a river we get water from along with gray water from the city. Greens have been perfect as well. Wind has been blowing though. I had 4 birdies that the total amot of feet i had to putt was prolly 5 ft.

I was striping it and hiiting it close. Made a bogie on a par3:eek: and 7 birdies.

Gonna play tomorrow and then Saturday in a lil tournament. Good luck in Lake Nona. Say hello to Ernie while your there.

Ripsnort · « **Reply #59 on:** April 13, 2006, 10:10:12 PM »

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Originally posted by RedTop
Don't even get me started about taxes:mad:

Actually the fairways at my home track have been fairly soft. Some rain , but mainly we have a river we get water from along with gray water from the city. Greens have been perfect as well. Wind has been blowing though. I had 4 birdies that the total amot of feet i had to putt was prolly 5 ft.

I was striping it and hiiting it close. Made a bogie on a par3:eek: and 7 birdies.

Gonna play tomorrow and then Saturday in a lil tournament. Good luck in Lake Nona. Say hello to Ernie while your there.

The amount you pay in green fees each month would make a nice nest egg for investment. You could quadruple 2 years of green fees in 6 years time, then buy new clubs, and have golf paid for for 5 years!