Aces High Bulletin Board
General Forums => The O' Club => Topic started by: moose on March 10, 2003, 02:04:55 PM
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why the hell is gas so whoopee expensive??
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Because people are greedy.
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Supply and demand. Demand is up, supplies are down and the price goes up. Just heard that its up to $2.35 in the Sacramento area. jeez.
MiG
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Supply and demand my ass!
Price gouging is more like it!!
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Be glad we don't have to use Evian water to power our cards. Hehe,..over $21.00/gallon for water. Talk about gouging.
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$40 a barrel.
Gouging at the pump? Nope.
Gouging at the refinery? Nope.
Gouging at the Corporate level? Nope.
Gouging from the suppliers?.........Ask our supplies, they set the price per barrel.
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Read "Evian" backwards...
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I paid $2.45/gal on Sunday.
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Cali prices are the highest because of the corn additive thats added to gas, short supply, high demand.
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Yup, we do live in the worst place in the USA for fuel prices don't we FunkedUp.
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You bet, and I blame it all squarely on you and yours Karnak!!! MTBE poisoning anyone? ;)
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So we can blame CA for for F*cking up again?
CA screws America! (http://www.cnn.com/2003/US/03/09/gas.prices.ap/index.html)
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methyl tertiary butyl ether, commonly known as MTBE, was eliminated in Cali. Corn-derived gasoline additive ethanol replaced MTBE and increased the demand on American corn, which is at an all-time high. Its helping the redneck farmers because it has increased corn prices.... ;)
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One other note, the US holding onto its reserves with the threat of war looming, Venezeula(sp) crisis adds to the ever increasing gas prices too.
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:rolleyes: <----
You COMPLAIN ? you're still paying a 1/4th of what we pay for a gallon here!
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You pay $8.40 a gallon? I dont think so, not even in euroland...
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gas i get for free, but my wife dont like the smell ? :D
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If you want high prices come to Britain. We're talking around about 5/6 pounds a gallon (albeit Brit not american gallon but there ain't much difference) which is about $8/9 a gallon. $2.35 a gallon would be 1.49. If only, If only :)
P.S my pound key isn't workin, pirate copy of Win 98SE with US keyboard settings :D
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about 90c a Liter Grunherz. Been a while since you last visited I see :)
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Yea but dont forget all that euro socialized "free" of charge psychotherapy you can take advantage of when the high gas prices drive you nuts. :D
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Go buy some gas in Europe, then you'll see just how cheap we have it.
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errr gas is so expensive now BECAUSE of the war/anti war stuff.
Just sayin
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4,5$ per gallon here, been so for many years. And its now just beginning to rise because the Iraq situation.
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Hiya's,
Gas "petrol" in the UK as we call it ;)
It's £0.84p to £0.90p a litre here ($1.34c - $1.44c ) here as the government taxes it @ 75% maybe down to 70% i can't rem offhand, It was taxed @ 80% some years back lol
And ohh don't forget we pay "VAT" value added tax which is currently @ 17.5%
Guys from the good ole usa never consider a drive-ferry/drive to uk with your 6 litre + jobs as you would die if ya had to fill up over here especially when i see what some of ya beasts do to a gallon
Like all things taxable here when demand (people wising-up and using/buying stuff carefully n wisely) drops our beloved government recoups it by whacking cost up
So as people quit smoking/driving so much drinking so much and countless over things they keep the revenues up by charging more
Though this keeps the coffers topped they are in for one hell of a chitstorm when joe bloggs can't afford petrol/studmuffins/booze as he has reached his spending limit :P
Ask any lecturer on taxes etc and they will say the same that in time "overtaxing" kills as it defeats demand lol
Good ole UK, Just wait to see exchequer go titsup as no-one can afford basic "gas" to get to work and the wasted monies going on public travel stuff ends up being too little too late lmao
While i am on a rant ...........
We pay road tax (excise license) out of this a mere 10% goes on anything road related, Also we pay NI (national insurance on earnings to fund the what people think is a "free" health service ;) )
Out of all the billions raised for health a mere 1/3 goes on health ;)
And out of that takeout all the wasted (parties/trips abroad/golden handshakes when guys shreckup etc etc) you can see why we like lemmings follow in the dark to a ever nearing collapse of basic infrostructure
BASS used to be and i believe were the UK's 1st brewing industrial company, Well not no more , After having to compete with a never ending cheaper and in someways superior ale/s from the continent (btw that make more from charging lower tax etc as like now they tend to supply a market in the UK which can't really compete as they r taxed to the gonads over here)
Overtax kills in the end and as BASS seemed to of proved by ceasing uk alcohol production/anything to do with brewing
And to think the government here was using billions to try to combat cheap-booze-studmuffins brought in by uk citizens lol nly to find they are breaking the EEC laws (had to officially stop all this confescating crap last year) Though this was done you see as a result of uk guys/gals making use of cheaper goods over the channel, Really pissed the governments off hence a illegal clampdown on stuff coming in with people after a bargain over the channel
There ya go a l'il rant and a bit of info to people who think some stuff in UK is free
Have a nice day (feel sorry ya having to pay £1.50 a gallon or less ;) )
Can't USA take UK as the next State ?? I would'nt mind and i'm darn sure others would'nt either :D
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I was having fun on a trip this weekend and was half bellybutton racing some ford lightning... never got past 110 or so... mostly just punching off from 80 or 90 to see...you know.. I checked the milage cause I started with a full tank and wanted to fill up again before I left my girlfriends... 9 miles to the gallon.
I met two funny talking guys at the pumps and their girlfriend.. they were all from manchester.. they had rented a fully optioned jeep wagon V8 (bright red) and were trying to figure out how to work the pumps.. they were laughing and enjoying the car and the gas prices.
lazs
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Just tanked today, 1.17euro per liter. What are there 3 something liters per gallon?
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Actually, what always gets me is how the price at the local station rises the same day the price per barrel of oil goes up. Funny, I always thought it takes time to ship the oil over, refine it, distribute it etc...
And of course, when the price of oil goes down, it takes weeks for the local stations to reflect any drop in price.
Awhile ago, there was a fire at the local refinery here in the SF bay area. Prices at the pump went up immediately. My friend's dad worked at the refinery. Said the fire was in the area that made fertilizer. Make you wonder, eh?
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WHEW just paid a damn $1.55 for medium grade, it is getting expensive :D Actually that is pretty high for Texas. There are some places next to freeways that are charging $1.65 for medium grade, price gouging bastards!
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The average petroleum retailer is making less than 10-cents per gallon margin, often 5-cents. If they are branded, then they have supply contracts that reflect the partner Oil Company’s supply pricing. If they are independent, then they buy refined products at the rack. As a commodity, any disruption or potential disruption will impact the price at the rack, in exactly the same way a sentence from Greenspan can impact stock prices.
It has happened where a local retailer is gouging prices. However, this is far rarer than he or she calling into the suppliers and discovering that supply prices have increased overnight. You can't have dry tanks when the customers stop in, so you buy and price accordingly. The industry is moving to hedging, etc. but it lags in this area at present so it tends to be a reactive market.
On top of that, Rip touched on some significant issues with a balkanized market of specialty gasoline formulations that prevent the easy transfer of product or import if disruptions occur. Further, you can blame OPEC; Venezuelan strikes; the standard scheduled product draw down for maintenance and switchover to summertime RFG formulations at refineries, terminals and bulk plants; and war jitters. In some peak summer season volatility situations you can even blame capitalism in the refining industry which worked to aggressively reduce overproduction capacity so that at peak times (summer) it runs about 98 percent. At this level, a refinery fire or pipeline disruption can either psychologically disrupt prices or actually disrupt prices very easily since, when combined with the balkanization of gasoline requirements, there is little margin for error.
It is a very complicated industry, and pricing reflects that complication. I could go on for 3000 to 4000 or more words, but this is it in a nutshell.
Charon