Zipp0 1 #1 May 1, 2007 Well, the last time I posted this, someone pointed out that every time gas prices rise 10 cents, there is a post that talks about the gas conspiracy - so here it is. Every gas station in my area, and probably the entire USA, has more than enough gasoline to meet demand. There is no shortage, and yet prices climb and climb. I don't believe that supply and demand are the main factor in gasoline prices any more. That is all. -------------------------- Chuck Norris doesn't do push-ups, he pushes the Earth down. Quote Share this post Link to post Share on other sites
masterrig 1 #2 May 1, 2007 The gasoline producers are just cashing-in on the 'Summer Travel Season'. Then, the prices will drop a bit then, go up for the 'Holiday Season'. It's a 'seasonal' thing!Chuck Quote Share this post Link to post Share on other sites
billvon 3,111 #3 May 1, 2007 >Every gas station in my area, and probably the entire USA, has more than >enough gasoline to meet demand. That's like saying "there's no food shortage; my grocery store has plenty of bread on the shelf!" The food in the store and/or the gas in a station's tanks represents a few days of supply; the big issues are the stock levels at the refineries. Quote Share this post Link to post Share on other sites
CanuckInUSA 0 #4 May 1, 2007 The ever increasing gasoline price increases are the talk of the town here in socialist leaning, bleeding heart, let's cripple our economy for the sake of some dog named Kyoto, "wish I was a boy scout then I could solve all the world problems by being nice" Canuck'ville. But the way I see it, we have about four options here: 1) Ignore the price and continue to consume like we always do. 2) Buy some dividend issuing shares in these oil companies. 3) Whine and complain and call for governments to nationalize all businesses. 4) Drive less ... Personally I plan on doing #1 and #4 and if I was smart I would also be doing #2 all at the same time (actually now that I think about it, I do have some energy mutual funds, so I'm not that ####ed). But far too many people up here in socialist leaning, bleeding heart, let's cripple our economy for the sake of some dog named Kyoto, "wish I was a boy scout then I could solve all the world problems by being nice" Canuck'ville, the popular choice among the lemmings is choice #3. Try not to worry about the things you have no control over Quote Share this post Link to post Share on other sites
ChasingBlueSky 0 #5 May 1, 2007 Gas is my area is almost at $3.30/gallon now. Luckily I haven't used my car more than twice in the last five months. Too bad I am still paying the damn thing off. Once I started using mass transit for everything I ended up saving about $300/month, esp since I get my monthly fare taken out pre-tax!_________________________________________ you can burn the land and boil the sea, but you can't take the sky from me.... I WILL fly again..... Quote Share this post Link to post Share on other sites
crotalus01 0 #6 May 2, 2007 Compare the price of a gallon of gas to a gallon of milk. That might give you some idea of how cheap it really is (and yes, I think it is way to expensive for the record). But hey, as an American I can't really complain since I travel the world and see what gas costs in other countries. Try the Netherlands where a litre is US$7.50... As for me and my house, we will serve the LORD... Quote Share this post Link to post Share on other sites
kelpdiver 2 #7 May 2, 2007 QuoteCompare the price of a gallon of gas to a gallon of milk. That might give you some idea of how cheap it really is (and yes, I think it is way to expensive for the record). But hey, as an American I can't really complain since I travel the world and see what gas costs in other countries. Try the Netherlands where a litre is US$7.50... You should check that again - it's per gallon, not litre. And yes, they are reputed to have the highest price in the world. Over $4 of it are taxes. Depending on how those taxes are used, that could be a very sound strategy, or a very unfair one. But in the US, after decades of zoning residential apart from commercial, it would be a bad move. Better to tax people into buying highly efficient cars instead, I think. --- on the side, the price of gas should (if not already) start affecting food prices. Quote Share this post Link to post Share on other sites
Gawain 0 #8 May 2, 2007 QuoteWell, the last time I posted this, someone pointed out that every time gas prices rise 10 cents, there is a post that talks about the gas conspiracy - so here it is. Every gas station in my area, and probably the entire USA, has more than enough gasoline to meet demand. There is no shortage, and yet prices climb and climb. I don't believe that supply and demand are the main factor in gasoline prices any more. That is all. I've tried to tell you, stations base their retail pricing based on what they will be paying 6, 8, 12 weeks in the future. Part of that is based on commodity markets and the other part is based on the refinery requirements to meet "summer/winter" blends. Those blends are locally regulated. A refinery has to meet the demands at a county, sometimes municipal level. Commodity markets went up when the Saudis arrested 175 people is a plot to destroy the Kingdom's oil infrastructure. That was last week. It's your choice not to believe basic facts, but you risk remaining frustrated.So I try and I scream and I beg and I sigh Just to prove I'm alive, and it's alright 'Cause tonight there's a way I'll make light of my treacherous life Make light! Quote Share this post Link to post Share on other sites
Channman 2 #9 May 2, 2007 > ...is based on the refinery requirements to meet "summer/winter" blends. Those blends are locally regulated. A refinery has to meet the demands at a county, sometimes municipal level. Something I've always wondered...why do we not require a national blend of now more than 3-5 types of fuel for cars. California I think has somewhere near 14 different types. If we reduced the number of blends we could increase the available supply and bring down cost. Quote Share this post Link to post Share on other sites
ExAFO 0 #10 May 2, 2007 This Horse is Dead.Illinois needs a CCW Law. NOW. Quote Share this post Link to post Share on other sites
Gawain 0 #11 May 2, 2007 Quote> ...is based on the refinery requirements to meet "summer/winter" blends. Those blends are locally regulated. A refinery has to meet the demands at a county, sometimes municipal level. Something I've always wondered...why do we not require a national blend of now more than 3-5 types of fuel for cars. California I think has somewhere near 14 different types. If we reduced the number of blends we could increase the available supply and bring down cost. Two reasons: It puts federal regulation in place where it may not provide a solution. It also removes local control where there may be some legitimate needs in some cases. I don't think a federal involvement is the answer, rather, I think the local governments should be tasked to find a better way.So I try and I scream and I beg and I sigh Just to prove I'm alive, and it's alright 'Cause tonight there's a way I'll make light of my treacherous life Make light! Quote Share this post Link to post Share on other sites
billvon 3,111 #12 May 2, 2007 >why do we not require a national blend of now more than 3-5 types of fuel for cars. Mainly because local governments think they know better than the federal government what they need in their states. There is something to be said for standardizing blends, but I think it would be better as a voluntary choice. Quote Share this post Link to post Share on other sites
Zipp0 1 #13 May 2, 2007 QuoteQuoteWell, the last time I posted this, someone pointed out that every time gas prices rise 10 cents, there is a post that talks about the gas conspiracy - so here it is. Every gas station in my area, and probably the entire USA, has more than enough gasoline to meet demand. There is no shortage, and yet prices climb and climb. I don't believe that supply and demand are the main factor in gasoline prices any more. That is all. I've tried to tell you, stations base their retail pricing based on what they will be paying 6, 8, 12 weeks in the future. Part of that is based on commodity markets and the other part is based on the refinery requirements to meet "summer/winter" blends. Those blends are locally regulated. A refinery has to meet the demands at a county, sometimes municipal level. Commodity markets went up when the Saudis arrested 175 people is a plot to destroy the Kingdom's oil infrastructure. That was last week. It's your choice not to believe basic facts, but you risk remaining frustrated. Then why did the price increase two or three times while the analysts were predicting a drop in prices? Don't the professionals understand the markets either? -------------------------- Chuck Norris doesn't do push-ups, he pushes the Earth down. Quote Share this post Link to post Share on other sites
billvon 3,111 #14 May 2, 2007 >Don't the professionals understand the markets either? If they did, then all professionals would be multi-billionaires since every investment they made would pan out in a big way. People understand the basic drivers that influence the markets; that doesn't mean they can predict what the market will do. Indeed, it's worse than that, because if a large group of people predict what a market will do, and any one of them would be right individually, their collective actions will force the market in a different direction. Quote Share this post Link to post Share on other sites
Zipp0 1 #15 May 2, 2007 Well, at least the Iraqi oil we buy pays for the war, just like the president said it would. -------------------------- Chuck Norris doesn't do push-ups, he pushes the Earth down. Quote Share this post Link to post Share on other sites
