At least somebody is enjoying the high gas prices

[z0mb13]

😀😀 <--- will be interviewing with exxon in about a week 😀😀

 

[Svnla]

Originally posted by: rh71
My point is how is this different than any previous years when we weren't being charged so damn much ?

In previous years, the economies around the world were not that strong. As you recall, Asia economy was a big mess in the late 90's (Japan stock market was in all time low, it is still low), China didn't have all the cars as they do now, and so on.

Not only oil prices are high right now, so are the prices of steel and other raw materials due to the demands in China, India, and other Third World countries due to their booming economies.

All I can say is the 99cents/gallon gas price we used to pay is long gone.

DISCLAIMER: I don't own any oil stocks and don't know anyone work there...LOL.

 

Originally posted by: dman
Sucks for consumers, but, good for them.

 

[Demon-Xanth]

Originally posted by: Svnla

Originally posted by: rh71
My point is how is this different than any previous years when we weren't being charged so damn much ?

In previous years, the economies around the world were not that strong. As you recall, Asia economy was a big mess in the late 90's (Japan stock market was in all time low, it is still low), China didn't have all the cars as they do now, and so on.

Not only oil prices are high right now, so are the prices of steel and other raw materials due to the demands in China, India, and other Third World countries due to their booming economies.

All I can say is the 99cents/gallon gas price we used to pay is long gone.

DISCLAIMER: I don't own any oil stocks and don't know anyone work there...LOL.

Not once have I ever paid under $1.10/gal. Until gas went over $2/gal, all the "1"s were painted on the signs. Just like the 9/10ths of a cent.

 

[oogabooga]

europeans buy gas by the litre i believe 🙂

It's just disconcerting that in the wake of any kind of situation, the gas company does not hesitate to upshoot the price to really high levels, but once the situation is averted... gas prices stay at those high levels for months, raking in the cash, and raping the consumer.
At least i don't own a huge SUV, LOL to those who do.

 

[PingSpike]

Originally posted by: Demon-Xanth
Ping: reduction in use and elimination are two different things. Oil is largely depended on because it's cheap. If it stops becoming cheap, people start looking elsewhere.

Look at places like Europe where gas is $4/gal. What do you see there? More small cars, more diesels, more mass transit. The changes won't happen over night, but they'l happen. It happened in the US during the '70s.

And it unhappened in the 90s. My point was, our reduction in use will be picked up by new markets that are now emerging and the supply will continue to decrease or become more expensive to refine (same difference).

We need to move away from it, yes of course, or we'll be fvcked. But I'm just saying that those companies are not shooting themselves in the foot doing what they're doing and we'll likely paddle ourselves further down sh|t creek before we decide maybe we should turn around.

 

[Demon-Xanth]

It "unhappened" because gas didn't increase with inflation. Since then, gas prices almost doubled, the economy took a dive, and we now have hybrids. Coincidence?

 

[daniel1113]

Originally posted by: rh71

Originally posted by: waggy

Originally posted by: Demon-Xanth
I'm still confused why a refinery going down for a week or two brought a permenant $0.40/gal increase, as did hurricane Ivan.

well easy.

its up the $.40 and people are paying it.

This is not a valid excuse for them. You can say this if it were $3/gal.

Sure it is... if the demand for a product allows higher prices, then prices will increase (unless, of course, the government intervenes with the market equilibrium).

 

[waggy]

Originally posted by: rh71

Originally posted by: waggy

Originally posted by: Demon-Xanth
I'm still confused why a refinery going down for a week or two brought a permenant $0.40/gal increase, as did hurricane Ivan.

well easy.

its up the $.40 and people are paying it.

This is not a valid excuse for them. You can say this if it were $3/gal.

no its not a valid excuse. BUT it works.

this happens all the time. If there is a small fire at a refinery gas shoots up $.20/gallon overnight. It then does not come down. but people pay for it because they have.

why don't they increase to say $3 a gallon? well people complain and B!tch about it going up $.20 a gallon. They start calling for the goverment to step in and do something about it. Could you imagian the fighting they would get if they raised it a $1?

 

[Demon-Xanth]

Originally posted by: waggy
Could you imagian the fighting they would get if they raised it a $1?

In my area, they did in the course of two years.

 

[PingSpike]

Originally posted by: Demon-Xanth
It "unhappened" because gas didn't increase with inflation. Since then, gas prices almost doubled, the economy took a dive, and we now have hybrids. Coincidence?

Who has hybrids? I think I've seen about 200 Jeep Grand Cherokees for every hybrid I've seen. The United States is hardly busting its wad on fuel efficiency right now.

 

[PingSpike]

Originally posted by: rh71

Originally posted by: waggy

Originally posted by: Demon-Xanth
I'm still confused why a refinery going down for a week or two brought a permenant $0.40/gal increase, as did hurricane Ivan.

well easy.

its up the $.40 and people are paying it.

This is not a valid excuse for them. You can say this if it were $3/gal.

Who's making excuses? Thats just how it is. If they can get away with it, they will. People have absorbed the extra cost, and they continue to make the extra profit.

 

[Eli]

Originally posted by: rh71
I'm all for businesses making money but being consistently over $2/gal. is ridiculous when for so many years we were way below. Is there really a shortage ? Is there really an increase in demand ? NO. :thumbsdown:

Of course there is increasing demand. Every day, week, year.. demand increases. The world population/Western society isn't exactly shrinking.

The real question is does it fully account for the rising costs? Probably not.

 

[Svnla]

Originally posted by: Demon-Xanth

Originally posted by: Svnla

Originally posted by: rh71
My point is how is this different than any previous years when we weren't being charged so damn much ?

In previous years, the economies around the world were not that strong. As you recall, Asia economy was a big mess in the late 90's (Japan stock market was in all time low, it is still low), China didn't have all the cars as they do now, and so on.

Not only oil prices are high right now, so are the prices of steel and other raw materials due to the demands in China, India, and other Third World countries due to their booming economies.

All I can say is the 99cents/gallon gas price we used to pay is long gone.

DISCLAIMER: I don't own any oil stocks and don't know anyone work there...LOL.

Not once have I ever paid under $1.10/gal. Until gas went over $2/gal, all the "1"s were painted on the signs. Just like the 9/10ths of a cent.

Since you are from Calif, you prob paid higher than us down South. In the mid to late 90s, regular gas only about .95 to .99 a gallon in Louisiana.