::Gas Prices.........Psh::

[audiolife 5,000+ posts]

what i find funny is the refineries don't run at full capacity (they blame it on those that get shut down and or were damaged by Katrina lol) yet they say they cant keep up. it isn't the actual oil prices that make it so high priced but the making of the gas. so they don't run at full capacity and are allowed not to they can control the price. if you look at the states that have anti price gouging laws gas is cheaper there. congress is trying to pass a national law but bush is threatening a veto saying it will cause a fuel shortage. common sense says cost is relevant to an honest demand so an anti gouging bill shouldn't effect that but would stop places from charging 20-80 cents or more than they should.

 

[azimuth 5,000+ posts]

There is no gas station within 30 miles that sells E-85.

E-85 in minnesota.

http://news.minnesota.publicradio.org/features/2005/04/28_steilm_e86sales/

 

[bdawson72 5,000+ posts]

2.97 here

 

[Dozy_production 10+ year member]

I didn't read through this thread so I hope no one else did this.

I think we are spending an insane amount of money on gas. It's 3.89 by me, which caused me to buy a bike.Voice your opinions. I think it is all Bush, and Bullsh!t

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[Flipx99 5,000+ posts]

Yes sir, im just glad im within walking distance to work AND to the gym //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif all i need.
Hopefully, faster than now, we are going to see advances in alternative fuel sources.

My theory on it all is like my theory on technology in general. They are waiting for peak oil to hit, and also to rise before it hits, so they can **** up all the gas money they can before they hit us with some new technology that they are going to introduce at arm-and-leg prices. They have the technology to do it now, but how would it benefit them financially to release it while everyone can still afford to drive a gas-powered automobile? My $.02.

It depends....

Mainly it depends on how the automakers and gas stations play it.

You have the VHS vs BetaMax situation all over again. Who adapts what technology and when? I am hoping it will be a free-for-all and the market will provide the most effective solution, but we have too many non-market interests (on both sides of the aisle)

If the US allows people to build cars that were less regulated, it would open up the market more for comptetion. Our government doesn't believe in letting the market provide solutions without interference.

 

[bk12321 10+ year member]

It depends....
Mainly it depends on how the automakers and gas stations play it.

You have the VHS vs BetaMax situation all over again. Who adapts what technology and when? I am hoping it will be a free-for-all and the market will provide the most effective solution, but we have too many non-market interests (on both sides of the aisle)

If the US allows people to build cars that were less regulated, it would open up the market more for comptetion. Our government doesn't believe in letting the market provide solutions without interference.

yes but... why would the car market play it differently, as well as gas station owners???

Once gasoline prices hit peak and no one but the rich or companies can afford it or will buy it.... car companies could 1) lower the price on an already introduced new technology or 2) introduce a new technology

and people would be all over it, as long as it would benefit them over gasoline... and would they really have a choice??? like people with jobs they have to travel to or places they have to use cars to go to or WHATEVER the reason, people would buy it if it could get them around.

and gas station owners would benefit, because you know when prices start to shoot up or people hear about a possible gas-out, they will panic and you will see lines upon lines at every gas station with people trying to fill up their tank, and gas station owners dont make money on the gas (at least ive been told), but instead on the items inside the store like drinks candy chips etc, so it would draw tons more people inside to buy those things.

 

[Flipx99 5,000+ posts]

what i find funny is the refineries don't run at full capacity (they blame it on those that get shut down and or were damaged by Katrina lol) yet they say they cant keep up. it isn't the actual oil prices that make it so high priced but the making of the gas. so they don't run at full capacity and are allowed not to they can control the price. if you look at the states that have anti price gouging laws gas is cheaper there. congress is trying to pass a national law but bush is threatening a veto saying it will cause a fuel shortage. common sense says cost is relevant to an honest demand so an anti gouging bill shouldn't effect that but would stop places from charging 20-80 cents or more than they should.

Why do you feel price gouging is wrong? If the consumer is willing to pay .30 -- $2.00 more per gallon, then why not charge them that price? Basic economics says you should charge the highest price the customer is willing to pay or where the customer's marginal value is equal to 0.

By controlling supply, then ensure that demand is always greater than supply. Say we reduced the demand for gasoline by half. Does that guarentee the price will reduce. Absolutly not. If you can reduce supply so that it is still less than demand, the price will still be the same. The only difference will be volume.

Price ceilings do cause shortages. I know you are bit older than I. You should have known this from Nixon's rent controls.

 

[Flipx99 5,000+ posts]

yes but... why would the car market play it differently, as well as gas station owners???
Once gasoline prices hit peak and no one but the rich or companies can afford it or will buy it.... car companies could 1) lower the price on an already introduced new technology or 2) introduce a new technology

and people would be all over it, as long as it would benefit them over gasoline... and would they really have a choice??? like people with jobs they have to travel to or places they have to use cars to go to or WHATEVER the reason, people would buy it if it could get them around.

and gas station owners would benefit, because you know when prices start to shoot up or people hear about a possible gas-out, they will panic and you will see lines upon lines at every gas station with people trying to fill up their tank, and gas station owners dont make money on the gas (at least ive been told), but instead on the items inside the store like drinks candy chips etc, so it would draw tons more people inside to buy those things.

What I am desribing which alternative fuel they choose to distribute.

 

[Dozy_production 10+ year member]

and gas station owners would benefit, because you know when prices start to shoot up or people hear about a possible gas-out, they will panic and you will see lines upon lines at every gas station with people trying to fill up their tank, and gas station owners dont make money on the gas (at least ive been told), but instead on the items inside the store like drinks candy chips etc, so it would draw tons more people inside to buy those things.

source? I remember reading up that gas stations charge a little more than what they pay for. Wouldn't that add up though since everyone needs gas?

 

[Slammed 5,000+ posts]

sad thing: we shall buy gas even if its at $5 a gallon

we are that dependant

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[Flipx99 5,000+ posts]

sad thing: we shall buy gas even if its at $5 a gallon

we are that dependant

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I don't think it will hit $5. At the price it becomes profitable to sell alternative fuels that cost $4.00 or so currently.

 

[Slammed 5,000+ posts]

I don't think it will hit $5. At the price it becomes profitable to sell alternative fuels that cost $4.00 or so currently.

True I hope those words are

 

[Rich B 5,000+ posts]

Why do you feel price gouging is wrong?

Once upon a time, even in business they had a sense of morals and fostered good relations with their customers.

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The current "whats in it for me" attitude expressed by too many in both the stock markets as well as in the boardrooms of corporate America is the same attitude that led to the market collapse back in 1929.

And its been getting worse the last 10 years.

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[LeofromtheH 10+ year member]

****, and i thought 3.05 was high when i put in esterday

seen it at 2.99 on the way home today though

 

[azimuth 5,000+ posts]

Once upon a time, even in business they had a sense of morals and fostered good relations with their customers.//content.invisioncic.com/y282845/emoticons/rolleyes.gif.c1fef805e9d1464d377451cd5bc18bfb.gif

The current "whats in it for me" attitude expressed by too many in both the stock markets as well as in the boardrooms of corporate America is the same attitude that led to the market collapse back in 1929.

And its been getting worse the last 10 years.

//content.invisioncic.com/y282845/emoticons/blackeye.gif.66a1670f5aaf7f406e783a63e3387dc5.gif

liquidities were a major reason for the stock market crash and depression. 50% of our market today is liquidities. that's bad. i'm not really sure why. flip could probably enlighten us. financial specifics>me