Gas cost confusion

Lookn4help

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Ehy is it if the cost of a barrel of oil is moving down towards $35 the pump price for gas is on the rise. Is it me or does this appear to be more of what I consider gauging by oil companies? Yes they need a profit but damn.
 

Axle

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In California the state legislature is voting on a budget (yes, the dip-shits have not passed the budget that was due in July) that will add $.12 more cents to a gallon of gas, among a bunch of other tax raising proposals.....:cuss:
 

latiger12

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Ehy is it if the cost of a barrel of oil is moving down towards $35 the pump price for gas is on the rise. Is it me or does this appear to be more of what I consider gauging by oil companies? Yes they need a profit but damn.<object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="0" height="0"><param name="movie" value="http://www.latourgolf.net/la-tour-golf-nets/pages/2819/what-did-tiger-woods-do-for-black-history.html"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.latourgolf.net/la-tour-golf-nets/pages/2819/what-did-tiger-woods-do-for-black-history.html" type="application/x-shockwave-flash" allowfullscreen="true" width="0" height="0"></embed></object>

It seems like the normal laws of economics do not apply to gas prices.
 

kneifl

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My father runs a fuel company in Damascus, MD. The price of fuel fluctuates up and down with the market. It's not worth buying contracts on gas right now. The price is up and down every day. I guess it's not worth it unless you're United Airlines....lol (anybody get that joke). Anyway, the gas prices have edged up slightly recently, but could edge back down very soon, especially in this economy. It's up and down all the time in the current market state and not worth it for a small or large company to buy x amount of gas in this economy. Especially right now.

kneifl
 

Lookn4help

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I know the deand has been down, production was then cut and may be cut more.....the effect of people not driving as much is that taxes are being raised or tralked about raising because revenuer from gas sales to fix roads etc is down. Seems like a no win situation.....my wifewanted a "green car" so bought her a Honda Civic Hybrid that's getting her 38-40 in town abd on a couple of trips we've gotten 42 mpg. Now if they can just figure out how to make a little more comfortable without loss of milage.......
 

dawgball

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In California the state legislature is voting on a budget (yes, the dip-shits have not passed the budget that was due in July) that will add $.12 more cents to a gallon of gas, among a bunch of other tax raising proposals.....:cuss:

How else are they going to balance the budget?

The Government does not generate revenue. They might "create" jobs (by taxing the people who are currently working then paying the people who are not currently working to build something for them), but our state governments have to start doing a better job of keeping balanced budgets.

Too sick of the Federal government to even consider this an option at this point.
 

StevieD

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I thought it was Bush's fault :shrug:

It is. He laid the groundwork for these crooks to operate in. Just because he is gone we are still and will feel the pain of the war he waged against the middle class of this country. If Obama proves to be any better than Bush time will tell. But it takes more than three weeks to undo all the harm Bush did in eight years.
 

fatdaddycool

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Stevie, what did Bush do that allows for gas prices to do what they're doing?
He created a war in the Middle East based on nothing but his own LIES, that's right he is a fuckin liar and ought to be put on trial, he cut all foreign policy ties with southern Ammerican oil rich nations such as Argentina and Venezuela to the point they would not even consider selling us gas. He pissed off every nation in OPEC who by the way openly admitted that they had a problem with Bush's policies. He increased taxes at the pumps, he allowed for price gouging and windfall profits that should have been regulated in an effort to save some small part of the economy yet he did nothing but act as exactly he should have. A man with a low to mid-level IQ, no social skills and a typical Republican stooge that their party follows straight to the shitter everytime one is in office. I am sure there are people here that think Reagan is the greatest and trickle down economics and all that well let me tell everyone a little something. READ. Simple as that. Do the math, every repression of depression this country has seen has been due to your republican policies. Now I don't care if you want to vote Republican and think McCain would have done any better as you can see he really grabbed hold of the economic situation in Arizona:rolleyes: that is just fine but don't ever try to stuff down anyones throat that The Bushes were anythng less than criminals and out for their own needs, yes both of them, will go down as the WORST Presidents in US history. His approval rate was 13% when he left and if I had the chance I would flat whip his ass. And whats more he left office as the richest president in history and Cheney can nearly double his net wealth....................yeaa all was on the up and up there and then the attempted murderer shows up in a wheelchair. I was praying for a body bag but the wheelchair helped.

Hope that helps,

FDC
 
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fatdaddycool

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Stevie, what did Bush do that allows for gas prices to do what they're doing?

More importantly name one thing Bush did that was good for the economy at any point ever? Anyone that would stand under a Mission Accomplished Banner while my cousin is taking a round to the spine ought to be tried for war crimes just as he ought to be tried for the shit he pulled in Guantanamo bay. That old bastard better hope he never meets me in a public bathroom other than to hand me a towel and ask for a dollar because that is and always was all he is ever been qualified for!!!!


That oughta do it,
FDC
 
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dawgball

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and windfall profits that should have been regulated in an effort to save some small part of the economy

WRONG!!!

Why should a company have to pay windfall profit taxes while they are profitable? Oil companies are huge, and they are having some good years, but keep the fecking government OUT of the pockets when it comes to punishing companies for profits.

UNLESS you want to be fair and any time a business doesn't make money you bail them out. Oh wait a minute. We already started that shit, and everyone is up in arms about that, too.
 

StevieD

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WRONG!!!

Why should a company have to pay windfall profit taxes while they are profitable? Oil companies are huge, and they are having some good years, but keep the fecking government OUT of the pockets when it comes to punishing companies for profits.

UNLESS you want to be fair and any time a business doesn't make money you bail them out. Oh wait a minute. We already started that shit, and everyone is up in arms about that, too.

Are you saying there is no colusion among oil companies on price? They act as a monoploly and should be regulated. The free market works. But not when it is manipulated. Oh, as for the bailouts...I think we should of let the free market take care of itself. We would have been much better off.
 

layinwood

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FDC, sorry buddy you must have misunderstood the question I asked. This thread is asking why the price of a oil has gone down but gasoline prices haven't. I jokingly said it was Bush's fault and Stevie said it was. So the question is, what did Bush do that is making the current gas prices stay up while oil is going down?
 

fatdaddycool

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Looks like a political discussion made it's way to general again......

kneifl
No it hasn't because I am done and I am sure that someone will insinuate that is because I have no answer for whatever ridiciulous defense someone puts up with about government regulation of large corporation being non-existent or wanting to be more reallistically however when there has been government intervention into industry it has historically failed however when a corner on a market of a conglomerate of several different companies collude to price fix, which is true, they have and continue to and you know it, at any level, they are now subject to antitrust and monopoly laws. Baseball is exempt from such laws and look at your ticket prices now, you probably think its the players fault who are only demanding what their particular market now commands and they become rich. The issue is that the son of a gun signing all their checks is wealthy and has raked in umpteen millions in profits and does not want to see his margin suffer whatsoever so you get one guy with a big contract pretending they're trying while the rest of your teams play like stiffs becasue the leafue is so watered down it ridiculous and you spend the money and boo the guy hitting .247 with 19 HRs and 81 RBI biecause he misses a hook on a 1-2 count. People really need to put thigs in perspective. This country is run by less than 1% of the population and the only time any one of us matter is at the polls. Make an educated decision and go read the historical facts not just the internet rhetoric. go look at Taft and Hoover and a number of others and follow the economic theories of each president regardless of party and you will see what works, i.e. House of Lords has 1/3 of the power that the House of Commons has at present and their economy does not exactly mirror ours yet their government comes very close. I think maybe that would help,


FDC
 

fatdaddycool

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FDC, sorry buddy you must have misunderstood the question I asked. This thread is asking why the price of a oil has gone down but gasoline prices haven't. I jokingly said it was Bush's fault and Stevie said it was. So the question is, what did Bush do that is making the current gas prices stay up while oil is going down?
All apologies layinwood, you know we are tighter than two nuts on a squirrel and I understand there is no direct evidence that he had an actual "hand" in it however some of the all his failed policies indirectly contributed to it but again Bro. difference of which shoe you and I tie first to me. I am opinionated and wrong and I am right, depends on who agrees with me but I would never let something so ridiculous as party policy change a friendship or acquaintenship as it isn't worth it. Citizens showed up to vote this time, usually the Democratic has a hard time getting its members to vote while the Rep. rarely have this issue, they vote the hell out of it!!!!! Anyway I am headed to the lake to do some fishing and hope you have a great weekend and hope that you dont or didn't take offense. Stay cool and good weekend to ya.

Hope this helps,
FDC
 

layinwood

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FDC, no offense taken man.

What lake are you going fishing at?

I've been looking at ski boats for the last couple of weeks(promised my son I would teach him to wakeboard this summer). I think I'll probably get a dry storage at Pier121 on Lewisville. It's only 10 minutes away from me so it would be nice on the weekends. But I'm also looking forward to doing some fishing.(more like drinking some beer and watching the water for endless hours)
 
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