[quote]MaximusB wrote:
What I find ironic is here in Los Angeles, the prices have dropped consistently for the past 6-7 weeks. I am not complaining and cannot even think of a reason as to why it is happening. [/quote]
Ssssh, let’s not jinx things now.
And I’m LMAO at any whining from people in tiny countries with adequate, available public transportation. No one cares how much you pay per liter if you only have to gas up once every 10 days.
[quote]elano wrote:
I think we should pump our own oil ASAP and start drilling on our homeland. Once we stop buying the expensive imported oil, they will shit a brick and lower the prices where they should be, supply and demand. Then we can stop using our own oil again for a while.[/quote]
Supply and demand has nothing to do with it. The price of oil went up because of speculation. Saudi Arabia said there is plenty of oil, and they even increased production by something like 200,00 barrells/day to calm people down but hardly did anything.
I don’t see any reasoning behind prices staying up other then greed.
But you guys are still paying for it. You complain, yet do nothing because you can’t, so like I said before, why lower prices when people will pay more. Stupid idea if your a business owner.
I’m surprised you people still look at the prices. I just pump it and go. I don’t even want to know how much it cost.
I wish my F350 crew-cab was a little smaller. It’s a hassle finding parking in the Los Angeles area sometimes. But at about $1 gallon I try to drive it everywhere.
What really burns my ass is the fuel surcharge. Like it’s not bad enough I have pay these high prices. Now I have to pay everyone else’s fucking gas tab as well. WTF’s with that.
[quote]skaz05 wrote:
You know what? The price Oil has dropped down to 100 a a barrel, but the price of gas hasn’t changed at all. I know this storm heading toward Texas is going to affect the price NOW, but the price of oil has been on a steady decline for a little over a month now.
I am sure that there are other factors involved, but the thing is that when oil was headed UP, gas prices headed UP almost in synch. Now that oil is heading DOWN, gas is still where it is.
Just wondering.[/quote]
It never falls as fast as it goes up. Evidently the laws of physics do not apply to the oil companies.
[quote]rainjack wrote:
JohnnyBlaze wrote:
Word. I think it’s so stupid. WTF has a hurricane got to do with the price of fuel? A butterfly could fart in the Pacific Ocean and they could still find some way to justify a price rise based on that!
25% of the US domestic production has been shut down in anticipation of Hurricane Ike.
For the idiots down under who haven’t a fucking clue about much of anything - most of the oil refineries in the US are located right where Ike is headed. They have called for a mandatory evacuation of the area.
So if there is no one there to make the gasoline, and there are still 300 million people using gasoline - what do you think is going to happen to the price?
Seriously, dude - the head was intended to be used for more more than a hat rack.
[/quote]
LOL. Oops, I forgot about that little factor. I was just talking about it from my perspective, where the rise and fall of gasoline/petrol prices have got nothing to do with the price of oil. For example, just recently, the price of gas/petrol reached an all-time high – while the price of oil had fallen.
Don’t ask me how it all works - even our government hasn’t even been able to give us a reasonable explanation – and that’s even with their Fuel Watch scheme. The only explanation the public has been given is one word - “competition”.
That hat rack comment was fucking funny! Touche
[quote]rainjack wrote:
skaz05 wrote:
You know what? The price Oil has dropped down to 100 a a barrel, but the price of gas hasn’t changed at all. I know this storm heading toward Texas is going to affect the price NOW, but the price of oil has been on a steady decline for a little over a month now.
I am sure that there are other factors involved, but the thing is that when oil was headed UP, gas prices headed UP almost in synch. Now that oil is heading DOWN, gas is still where it is.
Just wondering.
It never falls as fast as it goes up. Evidently the laws of physics do not apply to the oil companies. [/quote]
Yes - it’s due to “competition”.
[i]Gasoline prices rose Saturday by an average of five cents a gallon across the country as the oil industry anticipated disruptions at several refineries along the Texas coast because of Hurricane Ike.
It will take days for refiners to estimate the damages from the storm, and it will take at least a week before the cluster of refineries around Houston can resume operations. About half of the state�??s 26 refineries either closed or curtailed production in the days before the hurricane struck land on Saturday, and 15 percent or more of the nation�??s refining capacity has been knocked out.
Flooding, blocked roads and major power shortages are bound to cause problems for the refiners. At the same time, most of the oil and gas platforms in the Gulf of Mexico have been out of commission for two weeks, starting as Hurricane Gustav made its way into the Gulf in late August.
Gasoline became scarce around the Gulf in recent days as drivers filled up so they could evacuate their homes around the coast. Long lines were reported at stations across the region, and many stations closed because they had run out of fuel. The result was soaring prices on the regional wholesale market and at the retail pump.
On Thursday, wholesale prices on the Gulf Coast had their biggest one-day jump since 1973, said Phil Flynn, an analyst at Alaron Trading, a futures trading firm. That is increasing prices across the country, especially in the South and much of the Midwest, which relies on Gulf refineries for supplies.
�??When the wholesalers saw the hurricane directly coming toward the refineries, there was a mad scramble to secure supply and that, of course, has driven up prices,�?? Mr. Flynn said. �??Now the big question is how long will it take for the refineries to go back on line.�??
Some gas station owners in the Houston area must now pay $5 a gallon for gasoline, well over $2 more than earlier in the week. [/i]
lol. Yeah right.
All I can say is look up which political canidates the big oil companies have paid off, and think twice before you vote.
If the laws of supply and demand were in effect, the higher cost of raw materials wouldn’t mean history breaking record profits for the company.
If anything, the oil companies should be breaking even with the profits they made in prior years. IMO, congress should investigate, but again, look at how many of them have $100,000+ buyoffs.
[quote].jond wrote:
Yes - it’s due to “competition”.
lol. Yeah right.
All I can say is look up which political canidates the big oil companies have paid off, and think twice before you vote.
If the laws of supply and demand were in effect, the higher cost of raw materials wouldn’t mean history breaking record profits for the company.
If anything, the oil companies should be breaking even with the profits they made in prior years. IMO, congress should investigate, but again, look at how many of them have $100,000+ buyoffs.
[/quote]
How much competition is there if we can’t even drill at home? The oil companies are helping the mccain race because he wants to allow drilling in the US. How evil of them!
o well fuck, was anyone else hurt by the texas storm in terms of gas. gas in ny went up from 363 to 415 in one day
[quote].jond wrote:
Yes - it’s due to “competition”.
lol. Yeah right.
All I can say is look up which political canidates the big oil companies have paid off, and think twice before you vote.
[/quote]
Obama nd McCain have both received tons of money from the oil companies indirectly as they are not allowed to make massive direct donations.
They make their huge profits on the oil they extract from the ground. That is why we should extract more from out own country and not send huge sums of money overseas. They are not making the huge profits from refining.
The oil companies pay more in taxes than they make in profits. They pay more in employee expenses and other expenses than they make in profits. Their profit margin is only ~ 10%. Most companies do better than that. I know mine does.
[quote]zephead4747 wrote:
. . . he wants to allow drilling in the US . . .
[/quote]
This is the craziest thing about this and the aspect most people miss. In ANY other country, they would have drilled the shit out of those oil resources like yesterday. See, e.g., Russia, Venezuela, most Arab countries, etc. Only in the United States do we have the resources to fix our problems, yet debate whether to make use of them. Granted, I’m not advocating pissing all over the environment, but refusing to drill because of greatly exaggerated fears of environmental pollution is ridiculous.
I say drill the shit out of that oil, and award a government grant to the private entity that devises the most practical system for moving to sources of clean, renewable energy in the meantime. These are not mutually exclusively objectives.
[quote]tayjeremy wrote:
btw. Here, the gov pays for most of the oil.
Check it out “brunei”. We got the most cars per person (every family has got like atleast 3… rich ones… have to park their cars all over the place).
OH btw. our bottled water is more expensive than our fuel.[/quote]
I heard that every family has their own oil pump, is it true? jk…but really, is it true?