joer
Loc: Colorado/Illinois
boberic wrote:
I am real tired of the BLAME the oil companies crud. I just paid $2.20 a gallon in Ma. The main reason for the different prices for gasoline in the different states is the local taxes. Not 20 miles away from the station above gas is 50 cents more in Ct. The federal government makes more on a gallon of gas than the oil companies. All these taxes were supposed to go for road and bridge repair and upkeep.But it is sucked up by the buracracies and never goes to infrastructure repair. The same for Obama's wonderful stimulus plan. Nearly 1 trillion dollars was used as a slush fund for payback to the unions and never found it's way to "shovel ready" jobs. As even Obama said" well there just weren't that many shovel ready jobs" No one forces you to use oil. If you think that the oil companies are ripping you off than stop using oil. Go solar. Use bicycles to get to work, use candles. You should be very greatful that the oil outfits make a profit. It's the reason for our current lifestyle. Our economy would fail if in were not for the oil campanies. We would still be using horses. No Airplanes, no cars, no ships virtually everything would stop. No trucks. Farming would grind to a virtual halt. Think about it. Thank Obama for the high oil prices. end of rant.
I am real tired of the BLAME the oil companies cru... (
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Yes the governments bear some responsibility.
Not real practical to stop using oil and do I detect a little bias toward Obama.
He has his faults but ...jeez lets blame him for climate change..
PNagy
Loc: Missouri City, Texas
PNagy
Loc: Missouri City, Texas
boberic: No one forces you to use oil. If you think that the oil companies are ripping you off than stop using oil. Go solar.
Nagy: Sure; develop your own solar vehicles. Anyone can do that.
boberic: Use bicycles to get to work,
Nagy: Yep, even if your job is more than 30 miles away, and you live in the US, where there are very few bike paths. Very realistic suggestion.
boberic: use candles.
Nagy: Very practical suggestion. The luminosity output of candles is so low one can barely read with it. Older people cannot do it at all.
boberic: You should be very greatful that the oil outfits make a profit. It's the reason for our current lifestyle. Our economy would fail if in were not for the oil campanies. We would still be using horses. No Airplanes, no cars, no ships virtually everything would stop. No trucks. Farming would grind to a virtual halt.
Nagy: What is an oil outfit? Did he mean oil profit? In the previous part of this rim job for the oil industry Boberic angrily pointed out how modest their profits are. The modest profits in 2012 amounted to $120 billion.
http://www.taxpayer.net/library/article/big-oil-big-profits-industry-tops-120-billion-in-2012Of course he does not question why a resource needed by everyone should be the private property of a few corporations, or why the oil industry is repeatedly allowed with moderate penalty to pollute land, and water.
Boberic: Think about it. Thank Obama for the high oil prices. end of rant.
Nagy: Boberic does not even offer his Fixed News explanation for this nonsensical statement. If Obama wanted to control oil prices, it would be to decrease them, the way Bush did during the 2008 presidential election by releasing the strategic oil reserves, endangering the security of the nation in order to give the GOP a boost on election day. He is correct about one thing, though; it was a rant, and a mindless one.
All I can say is, keep the tank (or tanks) full when prices are low, and drive down to empty when prices are high, like now. I paid $2.05 a little over a week ago, and now it is $2.99 everywhere. I'm going to "cool it" on driving for a while.
--Beagleman
Jerry, Your bias is showing. In 2014 Chevron paid $20-billion in US income taxes, and Exxon-Mobile paid $31-billion.
jerryc41 wrote:
Price fixing? In the oil industry? How could you even think such a thing?! :D
When there is even a hint of a problem in the Middle East, gas prices go up. When oil prices go down, gas prices don't change, or they go up. All these guys want is record profits. They don't pay taxes, and they get government subsidies. Price fixing is the last thing to worry about.
I'm in Chicago and noticed the same thing. Mystifying. I buy gas in Michigan or Indiana. I refuse to pay these ridiculous prices.
joer wrote:
This past week the price of a gallon of gas jumped $0.50 or more.
The price of a barrel of oil went down. You would think that the consumer would benefit. Just the opposite.
When oil prices go down oil profits do too, so it seems the oil companies raise prices to recover.
And every gas station in a 60 mile radius (my driving range this week) raised prices on the same day. And we get a lame and often irrational reason why they had to do it.
Am I wrong or is this price fixing.
This past week the price of a gallon of gas jumped... (
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Here in NJ prices have been dropping for about 5 weeks now. Yesterday I gassed up and payed 2.11 a gallon. I'm also 7 miles away from the second largest refinery in the world, EXXON at Bayway. Not sure if that has anything to do with it.
joer wrote:
This past week the price of a gallon of gas jumped $0.50 or more.
The price of a barrel of oil went down. You would think that the consumer would benefit. Just the opposite.
When oil prices go down oil profits do too, so it seems the oil companies raise prices to recover.
And every gas station in a 60 mile radius (my driving range this week) raised prices on the same day. And we get a lame and often irrational reason why they had to do it.
Am I wrong or is this price fixing.
This past week the price of a gallon of gas jumped... (
show quote)
Check the news in your area, but if you live in the mid west gasoline prices are going up due to a refinery shut down in Whiting, Indiana. Really nothing to do with price fixing. Right now this is only a problem for the mid west. So if you live in the mid west which it appears that you do then brace yourself as it is supposed to get worse.
This situation hit the news wires starting early last week.
News about this is all over the media, print, TV and internet. Again,it is expected to get worse from what I have read. Gasoline prices are going down every where else.
Here is one link to the story:
http://www.npr.org/2015/08/14/432280655/closure-of-bp-refinery-sends-gasoline-prices-soaring-in-the-midwest
jerryc41 wrote:
Price fixing? In the oil industry? How could you even think such a thing?! :D
When there is even a hint of a problem in the Middle East, gas prices go up. When oil prices go down, gas prices don't change, or they go up. All these guys want is record profits. They don't pay taxes, and they get government subsidies. Price fixing is the last thing to worry about.
Has nothing to do with price fixing. Has everything to do with a refinery shut down in Indiana.
The oil companies do not pay taxes? Do you realize how silly that statement is? They absolutely do pay taxes and their profit margins are razor thin compared to many other businesses. You would know that if you took the time to investigate.
boberic wrote:
I am real tired of the BLAME the oil companies crud. I just paid $2.20 a gallon in Ma. The main reason for the different prices for gasoline in the different states is the local taxes. Not 20 miles away from the station above gas is 50 cents more in Ct. The federal government makes more on a gallon of gas than the oil companies. All these taxes were supposed to go for road and bridge repair and upkeep.But it is sucked up by the buracracies and never goes to infrastructure repair. The same for Obama's wonderful stimulus plan. Nearly 1 trillion dollars was used as a slush fund for payback to the unions and never found it's way to "shovel ready" jobs. As even Obama said" well there just weren't that many shovel ready jobs" No one forces you to use oil. If you think that the oil companies are ripping you off than stop using oil. Go solar. Use bicycles to get to work, use candles. You should be very greatful that the oil outfits make a profit. It's the reason for our current lifestyle. Our economy would fail if in were not for the oil campanies. We would still be using horses. No Airplanes, no cars, no ships virtually everything would stop. No trucks. Farming would grind to a virtual halt. Think about it. Thank Obama for the high oil prices. end of rant.
I am real tired of the BLAME the oil companies cru... (
show quote)
One of the other reasons we have high prices for fuel AND the food we eat is ethanol. Although, I am not a big fan of the United Nations, they did come out against ethanol as in their studies it did nothing to reduce the carbon emissions into the atmosphere, and it has reduced the food supply worldwide. Small engine repair shops are just loving it, though, because it does a number on small engines if left for a few months, or over the winter in lawnmowers, chainsaws, etc. Ethanol has increased the price of nearly everything we buy and in turn wages have had to increase to compensate, and that means the wages of oil drillers and the transportation of the product. Boberic is right on the money when he says that the states and the federal government make more money off a gallon of gas than does the oil companies and gas stations. After all expenses the oil companies make about 6-7 cents a gallon while the state & local taxes are much higher. Ethanol was a very bad mandate made by our legislators who continually fail to look down the road at the consequences of their laws. There are restaurants closing all over the place because people just can't afford to go out for a nice steak dinner anymore because the corn to feed those cattle has gone to your gas tank. Most of us can't afford it even in the grocery store unless you have an EBT card.
Check out this article on why ethanol is so bad for our economy and how it affects what we consume.
http://www.forbes.com/sites/jamesconca/2014/04/20/its-final-corn-ethanol-is-of-no-use/
joer wrote:
This past week the price of a gallon of gas jumped $0.50 or more.
The price of a barrel of oil went down. You would think that the consumer would benefit. Just the opposite.
When oil prices go down oil profits do too, so it seems the oil companies raise prices to recover.
And every gas station in a 60 mile radius (my driving range this week) raised prices on the same day. And we get a lame and often irrational reason why they had to do it.
Am I wrong or is this price fixing.
This past week the price of a gallon of gas jumped... (
show quote)
Often times, the price of oil takes a few weeks to reflect in the price of gas. Gas stations are reluctant to drop the price of gas in reaction to oil prices at the well head. They wait for the price of their next delivery. HOWEVER, they do react immediately to the price of oil at the well head when it goes up.. It seems that the station owner is purfectly happy to keep the extra money he made on $50 a barrel oil gasolene but reluctant to drop the gasolene price until the gas company delivers his tank load of cheaper gas. He isn't real happy selling gas that he paid $3.20 a gallon for $2.50 a gallon (unless he has to) but he is perfectly delighted to sell gas that he bought at $2.00 a gallon for $3.00 a gallon (figuring that it covers the cost of his next shipment.
the price of oil that you see is a futures price and the price of gas is based on the price paid at the time it was bought. So the price could be higher or lower at the time the gas was produced. There is not a direct correlation between price at the pump and price at the well head
joer wrote:
This past week the price of a gallon of gas jumped $0.50 or more.
The price of a barrel of oil went down. You would think that the consumer would benefit. Just the opposite.
When oil prices go down oil profits do too, so it seems the oil companies raise prices to recover.
And every gas station in a 60 mile radius (my driving range this week) raised prices on the same day. And we get a lame and often irrational reason why they had to do it.
Am I wrong or is this price fixing.
This past week the price of a gallon of gas jumped... (
show quote)
joer wrote:
This past week the price of a gallon of gas jumped $0.50 or more.
The price of a barrel of oil went down. You would think that the consumer would benefit. Just the opposite.
When oil prices go down oil profits do too, so it seems the oil companies raise prices to recover.
And every gas station in a 60 mile radius (my driving range this week) raised prices on the same day. And we get a lame and often irrational reason why they had to do it.
Am I wrong or is this price fixing.
This past week the price of a gallon of gas jumped... (
show quote)
We're paying less than $2 a gallon here, prices are dropping.
Bill MN wrote:
Drivers could fix this if everyone would drive 5 mph under the posted limit instead of speeding. The lower the price of gas the faster they drive.
If we did this, they would most certainly raise the gas prices!!
You can't win. they got us by the short h......s
Bill MN wrote:
Drivers could fix this if everyone would drive 5 mph under the posted limit instead of speeding. The lower the price of gas the faster they drive.
My 2014 Camry 2.5 liters gets 38 miles p/g at 77 miles an hour on cruise control with premium
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