Oil prices are going down, but gas is going up...WTF???

supercharged

supercharged

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Was filling up my Acura today, $4.55 a gallon, for premium at local Chevron (I only fill up at Chevron)... $78.01 for 17.1 gallons, not even a full tank...I checked crude oil price - and it's going down, but gas prices are still going up...WTF??? Sounds like the white house really get brided by the oil companies...And I don't wanna hear those excuses, fires, and other bs...
very mad about it...
 
It is the GOP that talks about free market...free to take to your money.
 
It's always like that, we are buying refined oil and gasoline. The crude they used to make what we buy today was a higher price than crude is today, it will go down in a couple weeks when the higher priced crude has been used up.
 
^^^ Agreed. Its part of economics and supply and demand. The reason the gas prices are so high is not because of shortages, fires, other BS like mentioned above, but its because of demand from the United States, India and China. These countries are developing very quickly and pulling farther away from being a 3rd world country. There for thats driving the price up for most places. I believe in another post someone posted a link with the cheapest gas in the world and Brazil had some of the best prices if I remember correctly.
 
integritydetail said:
It's always like that, we are buying refined oil and gasoline. The crude they used to make what we buy today was a higher price than crude is today, it will go down in a couple weeks when the higher priced crude has been used up.
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Yeah its called "futures" it takes time for the price to balance out.
 
simple supply and demand .... we demand it and "willing" to pay the costs. Most dont remember the 70's and gas crunch, it was the cutting back and slowing demand that helped equilize the pricing. We dont wanna give up our SUV's and other high demand products.

The valuation of our currency, the dollar, is also a bit to blame. We can buy less for our money and those bringing money into the US can now buy more.
 
killrwheels@autogeek said:
The valuation of our currency, the dollar, is also a bit to blame. We can buy less for our money and those bringing money into the US can now buy more.
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Guarantee that within the next 10 years the U.S. is pretty much done for (technically), we will be majority owned by foreign entities. Foreign investors are gobbling up RE and businesses like a redneck at a buffet. We're literally the laughing joke of the world. A friend was trying to pledge a large trust he has over seas that wasn't due yet with Barclay's, they said no prob, two months go by and nothing, don't return calls not even the ceo. So he has an attorney contact them, the trust handler at Barclay's sends a letter back to his attorney....of which heres an excerpt "I don't know what it is with Americans and rushing, no wonder everyone else hates you, so f@#k off and I'll get to it when I want to". All they had to do was send the auth that takes 5 min, but 2 months later nothing. Thats ok, he's got a flight over there to wrap up the trust and move it, of which the handler will be getting a big fist to the face, I've never seen my friend so pissed before whose normally calm. B/c of that screw up he lost 3 very large investments.

I deal with foreign investors and funds, capital markets, we are so royally screwed financially....yet what do we do, just keep on printing paper and going into more debt.
 
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Here is my .02. Scott is right about the dollar and supply and demand. Not just our nation but China and India. Cars are being sold rapidly there.

Oil companies are in business to make money. Now will you complain how much the federal government "made"? 15% of the cost of gas is the federal gas tax. The oil company makes about 5% profit. Now who is gouging whom here??????
Hint it is a LOT more the the oil companies.
Now anyone here drink bottled water that is tap water sold in bottles for an outrageous price?



Blame Congress for High Oil Prices - WSJ.com
Blame Congress for soaring gas prices
We have the oil just that the greenies have said NO WAY!.

My mutual funds are doing quite nicely...... they are in oil.
 
kellyinkc said:
Here is my .02. Scott is right about the dollar and supply and demand. Not just our nation but China and India. Cars are being sold rapidly there


Oil companies are in business to make money. Now will you complain how much the federal government "made"? 15% of the cost of gas is the federal gas tax. The oil company makes about 5% profit. Now who is gouging whom here??????
Hint it is a LOT more the the oil companies.
Now anyone here drink bottled water that is tap water sold in bottles for an outrageous price?



Blame Congress for High Oil Prices - WSJ.com
Blame Congress for soaring gas prices
We have the oil just that the greenies have said NO WAY!.

My mutual funds are doing quite nicely...... they are in oil.
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And heres the funny part, U.S. actually has enough oil to drill for to last generation upon generation, and thats just off estimates from test done, expected even more if actually drilled. Technology is now available for shale etc, problem is would take around 10+ years to see the effects b/c it is more involved. But thanks to all the tree hugger hippies we're screwed. Look at Alaska, only a very tiny % of land is being asked for for oil, but all the hippies say it will completely destroy the environment. They seem to think we're still oin the early 1900s with crude technology and machines, todays is actually very safe.

And the kicker is the same areas like off the coast of Fl and Gulf that tree hugger keep tied up in courts and won't allow, are the same areas that foreign countries are working together and looking at drilling themselves. Our country is run so ass backwards. The other reason were in trouble is b/c our oil facilities (I have some family/friends that are in oil) are so outdated and inefficient regardless of the updates they try doing, we haven't built anything in 30 years. We not only need more facilities, but more importantly newer ones that are efficient (other countries have facilities that make us look like a 3rd world country), this would also help with diesel which again b/c of our limited production can't handle demand for diesel, which is why diesel is now about a buck more then premium when just a few years ago it was cheaper then regular.

Wheres Cartman when you need him? Exterminate hippies/tree huggers lol
[ame=http://youtube.com/watch?v=ZQ3nhYh01NQ]YouTube - cartman's hippie extermination plan[/video]
 
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Surfer, you hit the nail on the head!!! :iagree:

I shudder to think what will happen to prices when hurricane season begins. June 1.....

Kelly
 
killrwheels@autogeek said:
simple supply and demand .... we demand it and "willing" to pay the costs. Most dont remember the 70's and gas crunch, it was the cutting back and slowing demand that helped equilize the pricing. We dont wanna give up our SUV's and other high demand products.

The valuation of our currency, the dollar, is also a bit to blame. We can buy less for our money and those bringing money into the US can now buy more.
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Scott, Americans will be paying for gas wheather it's gonna be $5 or $6. But does that means it needs to go up this much??? I'm sure some powerfull politicians get a piece ot that "pie", so the higher the price, the more they get. And as far as 70's, I was born in 82...
I'm telling you guys, we don't need any more republicans, they are looking for the world to be a corporation, just wanna get fatter, and fatter, and fatter...

I don't have a problem filling it up, I'd just rather use those extra bucks on car care products...:cheers::righton:
 
You guys do know that demand here and in Europe has gone down in the past few years, and we are the biggest consumers of all that oil. Yet prices keep going up. Demand isn't any greater than it has been and that is including China booming.It has gone down by 400,000 barrels a day, but I am not sure if that is global or just U.S.

It's the fact that the investors that set pricing here are completely ungoverned by anyone else so they can do whatever the hell they want as far as prices go.

Alex
 
AlxRSPTT said:
You guys do know that demand here and in Europe has gone down in the past few years, and we are the biggest consumers of all that oil. Yet prices keep going up. Demand isn't any greater than it has been and that is including China booming.It has gone down by 400,000 barrels a day, but I am not sure if that is global or just U.S.

It's the fact that the investors that set pricing here are completely ungoverned by anyone else so they can do whatever the hell they want as far as prices go.

Alex
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Its the commodity speculators that are throwing the market out of wack
 
Check out these prices....

China is a big user of gasoline but pay way less then we do...same with Russia...

CNN/Money: Gas prices around the world


the way the present government has set this countries pace..we will be a 3rd world country in no time...as gas goes up so does hard goods..food...and heating oil

wait till winter..with high gas prices food prices..whats left over to keep the house warm...

what Bush has spent on the war....made the dollar fall ..will take a decade to fix if possible....

two words ..We're screwed.....

Al
 
But remember the governments in both China and Russia subsidize the price of gas for the consumer. So the government is paying a chunk for all those people...

I've been lucky to been to Moscow a few time. First time I was there, was around 2000, no one on the road, except for the uber elite, when I went back last year, you couldn't even cross the road without being hit! It's as bad as midtown NYC.
 
I left out speculation in the market. I am waiting for the bottom to fall out, much like the tech bust and housing bust. I could be wrong though.
 
check this out - Ramblings from a Hoodlum Pastor: Global Gas Prices & Arkansas

Notice that countries that drill their own oil don't have those crazy prices...But under republicans, they want it to go up, they don't wanna drill their own oil, they don't wanna give jobs to Americans...
they'd rather give jobs to foreign countries, and keep the income "offshore" somewhere in Switzerland...

NO MORE REPUBLICANS!!!
 
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ZoranC said:
Is anybody reading and paying attention? These prices have nothing, absolutely nothing, to do with demand and supply or value of currency. They have been manipulated.
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that's what I mean, they think we are gonna buy the gas anyway, so they just wanna benefit from it...
 
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