reasons why gas goes up

[Qbenjamin 10+ year member]

and //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif he wasnt insulting me, he was merely looking out for my educational well-being //content.invisioncic.com/y282845/emoticons/graduate.gif.d982460be9f153bb54e5d4cb744f6ae8.gif

My comment wasn't an insult either, which is my point.

 

[billabongcr 5,000+ posts]

My comment wasn't an insult either, which is my point.

he loves me. dont get it wrong. ill kill you.

 

[Qbenjamin 10+ year member]

he loves me. dont get it wrong. ill kill you.

You'll kill me? Where's MIKEOFTULSA to send you a warning for posting threats? Anywayz, stop trying to be an internet serial killer. I'm here at the station if you want to pursue that.

 

[azimuth 5,000+ posts]

Please educate yourselves before spewing baseless comments. The price of gas has little to do with Bush and the War in Iraq.
Few competitors + Collusion from sources + Commodity + Inelastic good + Demand - Supply = Increasing prices

Here are a few article, which may point you in the correct direction:

% breakdown of sources of cost in Gas (slightly dated but still relevant)

http://www.howstuffworks.com/gas-price.htm

Examples of Collusion and how OPEC controls the price floor of Crude

http://www.nysun.com/article/46655

"Commodities: Oil rises on report of imminent OPEC production cut"

http://www.iht.com/articles/2007/01/30/bloomberg/bxcom.php

"Venezuela pulls control from Big Oil"

http://money.cnn.com/2007/05/01/news/international/bc.venezuela.nationalization.reut/index.htm

i agree. everyone's looking for any reason to persecute bush. as useless as he is, it's all just political propaganda to get 08 votes.

 

[billabongcr 5,000+ posts]

You'll kill me? Where's MIKEOFTULSA to send you a warning for posting threats? Anywayz, stop trying to be an internet serial killer. I'm here at the station if you want to pursue that.

i am an internet serial killer. dont forget it.

 

[NYR36 10+ year member]

Reason #?
We are in a pointless war and bush is a stupid puppet

I was just about to type that Bush was a puppet, then I seen this. So I'll just second it.

If you people think that whoever is president will actually make 1 iota of a difference, you are sadly mistaken.

 

[Qbenjamin 10+ year member]

i am an internet serial killer. dont forget it.

Nah, your just an annoying little boy.

 

[azimuth 5,000+ posts]

I was just about to type that Bush was a puppet, then I seen this. So I'll just second it.
If you people think that whoever is president will actually make 1 iota of a difference, you are sadly mistaken.

much like the idea that the president is the sole person that gets us into wars. most of the politicians persecuting bush today agreed with his advisors 5 years ago.

 

[scarolina 10+ year member]

Faulkton they wouldnt be called a refinery if they sold the crude oil, they would avt like a retail middle man which would just make prices go up more. The average price of regular gas is 1.79 cents as of like 2 weeks ago, i had to do a econ project on it. Thats the price after buying, refineing, and shipping the gas so all the rest is profit. And people need to stop blameing bush for every thing

 

[billabongcr 5,000+ posts]

Nah, your just an annoying little boy.

if you think im annoying, then ive accomplished what ive set out to do.

now i must write a speech paper.

 

[Qbenjamin 10+ year member]

if you think im annoying, then ive accomplished what ive set out to do.
now i must write a speech paper.

I hope that your paper is a bit more intelligent than your posts......

 

[Qbenjamin 10+ year member]

If only Farenheit 911 were true..........Sigh.

 

[billabongcr 5,000+ posts]

I hope that your paper is a bit more intelligent than your posts......

unlike you, i dont have all the time in the world to sit here and formulate a comeback for 20 minutes before i post it. i actually have other things that require my attention.

sorry about that.

 

[96civ 10+ year member]

this is a little off topic, but how about that new war czar lol

 

[Flipx99 5,000+ posts]

I will

Im not gonna read this till flipx posts. Hes the residential expert on all things money

I am not that great or that smart. Look at the GPA thread, mine is pretty low.

why have gas prices gone up $1 in the past 3 months? have our demand gone up that much?

There is quite a difference between actual demand and percieved demand. If oil speculators (the ones that actually control prices) feel that demand increases, naturally prices increase. We know that people drive more in the summer, therefore, they bid up the price of gasoline. You must also remember that there are other countries than the US who demand gasoline. Just because your town doesn't have a significant change in demand, another town in China may be booming.

You must also consider alternative eneregy costs. Once gas reaches a certain price, it is warranted to use coal, hydroelectric power, etc rather than distilled petroleum.

#1 made no sense at all. It was like hearing a joke from a 5 year old.

It actually makes a lot of sense, but not as presented. Take for instance certain oil producing nations Latin America. They belong to OPEC but have sanctions against the US. Those companies drill the oil and sell the crude to refineries closer to Japan. or vice versa. Because oil is such a fluid commodity, it can be easily transported anywhere in the world at reasonable costs, and doesn't readily expire; it is traded among the big oil companies pretty readily.

It may be cheaper for one crude oil company to sell to another. Say you are Shell and I am Exxon. Say the price of sweet crude is $70/barrel. I can't seem to find any oil at the moment because developing new sites takes time and money. I still have customers that need the oil. Well, I can buy that oil from you (Shell) and redistribute to my customers. Light, sweet crude is pretty much the same, the differences comes in with the refining process, and additives. If I don't meet the demand of my customers then I am subjected to negative press. Even though I am buying from a competitor, it still makes good business sence.