According to that article, crude oil prices peaked on April 21 ($75.35/barrel). I just did a Google search and crude prices are around $68-69/barrel. Why then did I pay almost 30 cents per gallon LESS at the pump 4 weeks ago? I mean, what the crap! Crude oil falls 7 dollar and gas goes up 30 cents!!!
I think its a conspiracy to get americans to convert to hybrids and e85 cars.
if it does go over 100 a barrel your looking at around $5 a gallon
AcidicDreams
10+ year member
I don't need one of these
supply and demand?? there is a good reason, perfectly normal as well... with china and india's economy expanding and them consuming more gas we pay more because supply is stretched... If you want lower prices we either need to consume less or drill more
AcidicDreams
10+ year member
I don't need one of these
or lower the gas tax...
AcidicDreams
10+ year member
I don't need one of these
I think it's a conspiracy to put lemurs in the white house...
I mean just look at this crafty looking bastard:
AllStar1500bd
5,000+ posts
Times have changed
I'll bet you notice how Oregon has higher gas prices than 41 other states, right? When oil goes down in price per barrell, gas shoots back up .20 a gallon. This is not supply and demand. I agree that the economies expanding worldwide are helping with the increase, but they are NOT CAUSING IT.
If they halted gas taxes all together, that would only drop prices somewhere between .05 and .08 a gallon, depending on your source.
AcidicDreams
10+ year member
I don't need one of these
first off the cost of a barrell of oil isn't the end all of oil prices... there is a disconnect between the two because of the futures market. second the expanding economies ARE the reason for it, this is the reason china is running all over the world buddying up with oil producing countries that hate us... they are trying to undercut our supply and secure a strong supply for themselves...
plus gasoline taxes account for .40-.50 cents per gallon depending on the state
also only half of each barrel of oil goes to make gasoline so the refining capacity and demand for petroleum based product also has an effect
AcidicDreams
10+ year member
I don't need one of these
also there has never been a single case of oil gouging proved with NUMEROUS investigations. I'm not sure if that includes individual gas stations but it would be nearly impossible for less than an entire towns gas stations colluding to raise prices.. say wat you want conspiracy but I'm convinced...
The only people you can point at for "conspiracy" is OPEC since they are a bonified out in the open cartel... however from everything I can tell they are operating at or near capacity, which eliminates their power to control prices by controlling supply
The only people you can point at for "conspiracy" is OPEC since they are a bonified out in the open cartel... however from everything I can tell they are operating at or near capacity, which eliminates their power to control prices by controlling supply
AllStar1500bd
5,000+ posts
Times have changed
You know what? I think you're right... I'm wrong.
If there has been numerous investigations, then you are 100% correct.
AcidicDreams
10+ year member
I don't need one of these
whoa... are you serious? someone actually listened to reason? or are you being sarcastic....
also my sources aren't random websites... various analysts, state governments, etc etc
AllStar1500bd
5,000+ posts
Times have changed
No I'm being serious, your post actually makes good economic sense. I didn't realize that HAS been investigations into the gas price gouging, but I am taking your word for it on that point. I also think even if OPEC is running their systems at full force, there can be some room for adjustment or re-evaluation on their effeciency. They can get prices lower if even it was just a small percentage, but why would they when they can push barrels out at the rate/price they are.
AcidicDreams
10+ year member
I don't need one of these
GASP! I didn't think anyone on here listened to reason... well that's cool.... someone with a truly open mind and some common sense. In any case there have been many investigations (sourced from state of california's department of something website and talk shows)...
as for opec if they are running at full force and still getting record high prices lowering their production is not in their interest. Plus we may be hitting gasolines current price elasticity (the point where a raise in prices effects consumption) and raising prices further will curtail consumption... It is in every countries interest to begin securing oil supplies at least for the near future until there is a viable alternative. You see china doing it daily as they protect violent communist and socialist dicatators (not that we don't do the same) to protect their oil supplies. This is why they are protecting chavez and Iran...
also it's hard to argue that oil didn't play into our strategy in iraq... whether it was though I would imagine it's not the main reason.. if it was we would have seen cheaper gas prices not higher.. I would hope the government understood this before the war
AcidicDreams
10+ year member
I don't need one of these
also sorry if any of my posts have serious errors in them... I'm also playing two poker tournaments online
bumpin_blazer
5,000+ posts
Only the Strong Survive
to the guy commenting on .05-.08 in tax law's if they were taken away, acidic is more on the right level it's avg. around .38 per gallon i think. on the e85 theory, won't ever happen in a HUGE result. the best way to get oil price's to either become stable again or drop is a even or more so even divide. i just finished my econ class today and got a good grade on my final so i'm happy but my teacher liked my theory.
say the US just the US for example have 300 million people, figure 40% drive (just a guess) so that means in the US there are 140 million cars, give or take. Now, lets say of consumer driver's 75% are regular gas engine cars, 18% are hybrid, and the remaining 7% are e85. If you simply reduce all gas engine cars to e85 we as a country would have to have 10 times the acerage of corn we have now so that's not really realistic(that's a real # not my theory lol). now let's say in theory you take that 75% of gas engine cars down to even say 45% reducing it by 30%, thein increase your e85 by say 12% taking it to 19% e85, and then 36% hybrid. You'd not only maintain a solid petrolium source for 2 to 3 times longer but, on imagine the cost change in gas prices. Suply might not change but with that many more fuel efficient/alternate fuel source vehicle's, you'd reduce cost of gas enough to enjoy life more
.
sorry if that's hard to read, it's 2am and i'm tired lol.
oh on gas price's, filled up today at 2.39 a gallon i feel special.
say the US just the US for example have 300 million people, figure 40% drive (just a guess) so that means in the US there are 140 million cars, give or take. Now, lets say of consumer driver's 75% are regular gas engine cars, 18% are hybrid, and the remaining 7% are e85. If you simply reduce all gas engine cars to e85 we as a country would have to have 10 times the acerage of corn we have now so that's not really realistic(that's a real # not my theory lol). now let's say in theory you take that 75% of gas engine cars down to even say 45% reducing it by 30%, thein increase your e85 by say 12% taking it to 19% e85, and then 36% hybrid. You'd not only maintain a solid petrolium source for 2 to 3 times longer but, on imagine the cost change in gas prices. Suply might not change but with that many more fuel efficient/alternate fuel source vehicle's, you'd reduce cost of gas enough to enjoy life more
.sorry if that's hard to read, it's 2am and i'm tired lol.
oh on gas price's, filled up today at 2.39 a gallon i feel special
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