Gas Prices Part Deux

#26
#26
champyvol said:
you can control it through regulators, but he had no real thoughts of doing anything like that. your right it was all a load of crap. that is what politics are about these days, which one lies the best.
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even Obama can't regulate a globally traded commodity. I'm sure BO thinks he can but that would fall right in line with the rest of his economic ideas
 
#27
#27
Prices are going up because big oil is hoarding the oil right now awaiting an economic bounce back. The supply and demand theory holds no weight this year since demand is way down.
 
#28
#28
OWB said:
Prices are going up because big oil is hoarding the oil right now awaiting an economic bounce back. The supply and demand theory holds no weight this year since demand is way down.
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where's your evidence "big oil" is hoarding?

It also doesn't help when the Secretary of Energy is an Acolyte in Al Gore's Church of AGW.
 
#29
#29
OWB said:
Prices are going up because big oil is hoarding the oil right now awaiting an economic bounce back. The supply and demand theory holds no weight this year since demand is way down.
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riiiiighhhhttt. i thought it was going up because of bush and his oil buddies. oh wait.
 
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#31
#31
OWB said:
Prices are going up because big oil is hoarding the oil right now awaiting an economic bounce back. The supply and demand theory holds no weight this year since demand is way down.
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Here is a theory for you OWB. Someone going down, prices going up.
 

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#33
#33
OWB said:
Prices are going up because big oil is hoarding the oil right now awaiting an economic bounce back. The supply and demand theory holds no weight this year since demand is way down.
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I don't know about "hoarding", but something is going on.

Look at this website:

EIA - Short-Term Energy Outlook - Real Petroleum Prices

...and download the spreadsheet that compiles all prices for gas and crude over the last 30 years.

Oil prices are down 47.2% from this time last year, but gas is only down 34.6%. So, as a function of oil price, gas is more expensive right now than what it was last year at this time.

The only thing I can assume is taxes, refining, or distribution and marketing prices went up....

However, I don't have hard numbers, but I would be willing to bet that there isn't a 12% difference in refining, taxes, and distribution prices from last year...and...I would also be willing to bet demand is down too, and has been steadily declining over the last couple of years.

Is there a variable I am missing here?
 
#34
#34
the refiners were losing money like crazy last year, now they are making small profits. the only explanation i have heard for this is that at $140 a barrell they found it far more difficult to pass the cost to the consumer. $60-$90 a barrell is generally considered the sweet spot for refining.
 
#35
#35
droski said:
the refiners were losing money like crazy last year, now they are making small profits. the only explanation i have heard for this is that at $140 a barrell they found it far more difficult to pass the cost to the consumer. $60-$90 a barrell is generally considered the sweet spot for refining.
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So are you saying that $4/gal gas didn't accurately reflect the true cost the refiners were incurring? It really should have been more?
 
#36
#36
droski said:
riiiiighhhhttt. i thought it was going up because of bush and his oil buddies. oh wait.
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Gas is 2.43 here where I live. That's a far cry from the 4 i was paying last year. Just saying.
 
#37
#37
MG1968 said:
where's your evidence "big oil" is hoarding?

It also doesn't help when the Secretary of Energy is an Acolyte in Al Gore's Church of AGW.
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First link off of a simple google search.

LINK

Compared with last year's record oil price of $145.29 per barrel, for oil sold on the New York Mercantile Exchange, $61 may not sound like much. But it's twice the historic average for petroleum, which used to trade from $20 to $30. Prices briefly fell below $34 in December and February, but they've rebounded with a vengeance.
The economy hasn't. But oil traders are betting that the recession is at or near its worst, meaning a recovery could start later this year and drive up global demand for oil again. They're trading on the possibility of a recovery, rather than a recovery itself.
To many analysts, the current high price is a bad sign.
The worldwide oil market is awash in petroleum, because countries stuck in recession don't need as much to fuel their cars, factories and power plants. So if oil costs this much now, when demand is low and supplies are high, what happens when the economy improves?
Another record-setting price spike? Gasoline rising back above $4 a gallon?
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#39
#39
utvolpj said:
but more than it was before Obama was elected.
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So you're saying that when he was elected, he promised a "fixed" gas price? Even I know that's not possible. There's a difference between fluctuating and raping.
 
#40
#40
rjd970 said:
So are you saying that $4/gal gas didn't accurately reflect the true cost the refiners were incurring? It really should have been more?
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yes. the oil price doubled from $70 to $140 but the gas price only went up 50%.

OWB said:
Gas is 2.43 here where I live. That's a far cry from the 4 i was paying last year. Just saying.
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the economy is a far cry from where it was last year too. welcome to economics 101.
 
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#41
#41
droski said:
yes. the oil price doubled from $70 to $140 but the gas price only went up 50%.



the economy is a far cry from where it was last year two. welcome to economics 101.
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Too. Welcome to spelling 101.
 
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#42
#42
rjd970 said:
I don't know about "hoarding", but something is going on.

Look at this website:

EIA - Short-Term Energy Outlook - Real Petroleum Prices

...and download the spreadsheet that compiles all prices for gas and crude over the last 30 years.

Oil prices are down 47.2% from this time last year, but gas is only down 34.6%. So, as a function of oil price, gas is more expensive right now than what it was last year at this time.

The only thing I can assume is taxes, refining, or distribution and marketing prices went up....

However, I don't have hard numbers, but I would be willing to bet that there isn't a 12% difference in refining, taxes, and distribution prices from last year...and...I would also be willing to bet demand is down too, and has been steadily declining over the last couple of years.

Is there a variable I am missing here?
Click to expand...

Damn George W. Bush for destroying Obama's economic recovery plan!
 
#44
#44
droski said:
yes. the oil price doubled from $70 to $140 but the gas price only went up 50%.


You and your pesky facts



the economy is a far cry from where it was last year too. welcome to economics 101.
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Economics 101 conflicts with Conspiracy Theory 101
 
#47
#47
i don't know but we ohioan's are paying $2.85 a gallon and nobody can seem to find a job anywhere. i know most people that live in this crappy state feel like they were lied to.
 
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