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If oil prices fall what excuse will the corporations use to raise gasoline prices?

shortylickens

No Lifer
Jul 15, 2003
80,974
13,933
126

kt

Diamond Member
Apr 1, 2000
5,504
428
126
Can't say rising gasoline price has affected our everyday life, but it will definitely affect our decision when buying a new car.
 

Ajay

Lifer
Jan 8, 2001
10,507
4,469
136
They can't afford two yachts this year? Shorty is suspicious of every explanation they give.


And has anyone been seriously affected by rising fuel prices? Like, you cant do something you used to.
Is that link correct? Nothing about Oil or Gas???

As far as gas prices go - they are up over the lows in the midst of the pandemic, when 10s of millions weren't driving - duh!
 

Amol S.

Golden Member
Mar 14, 2015
1,593
350
136




They can't afford two yachts this year? Shorty is suspicious of every explanation they give.


And has anyone been seriously affected by rising fuel prices? Like, you cant do something you used to.
On a side note, as oil prices have risen, the value of gold and silver has decreased. Further more, the value of the Euro compared to the USD (EUR/USD) has been declining.
EURUSD_2021-11-26_16-51-05.png
 

woolfe9998

Lifer
Apr 8, 2013
14,468
10,195
136
Gas prices need to remain high. Less pollution, less carbon emission, more EVs, more hybrids, less driving, more car pooling, more using public transit, more walking and biking, less traffic congestion.

Prices are $5/gallon where I am. I want it to stay that way.
 

Fenixgoon

Lifer
Jun 30, 2003
28,820
4,612
126
i'm not sure very many people on this board will notice, but i certainly know people do notice, because they barely make ends meet - every penny counts when you're paycheck to paycheck or close to it.

the thing that kills me is that people forget oil is a globally traded commodity and subject to supply and demand changes. covid shuts the world down? the price of oil literally went negative for a moment! things start opening back up? the price of oil rises due to increased demand.

also, since we love big trucks and not fuel efficient vehicles, that only compounds our sensitivity to gas prices.
 

Ajay

Lifer
Jan 8, 2001
10,507
4,469
136
i'm not sure very many people on this board will notice, but i certainly know people do notice, because they barely make ends meet - every penny counts when you're paycheck to paycheck or close to it.
I do understand that. The poor, and even lower middle-income families need help in these times. Not sure what programs we have for this other than heating-oil subsidies in some states. Probably not in my state, we don't even require kindergarten (!!).
 

bbhaag

Diamond Member
Jul 2, 2011
5,969
1,323
136
If oil prices fall what excuse will the corporations use to raise gasoline prices?
Ummm...I know!!! I know!!!. Transportation costs! It's the same excuse that every mega retailer, grocier, manufacturer, and small business has been using over the past 8 months so why not big oil?
 
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dank69

Lifer
Oct 6, 2009
30,046
15,204
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"Fuck you. That's why. If you have any questions you can direct them to that brick wall over there."
 
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tweaker2

Lifer
Aug 5, 2000
12,636
4,055
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I live five miles away from where I work. I gas up every five weeks. So no, I haven't felt the effects in a direct kind of way. Lately, I put myself on standby status where my boss calls me in only when there's some job that requires close tolerance machining work or troubleshooting unique mechanical related problems that require panic suppressing intervention.
 

shortylickens

No Lifer
Jul 15, 2003
80,974
13,933
126
Is that link correct? Nothing about Oil or Gas???

As far as gas prices go - they are up over the lows in the midst of the pandemic, when 10s of millions weren't driving - duh!
Read the article. They go in on oil prices eventually.
 

Sunburn74

Diamond Member
Oct 5, 2009
4,633
1,980
136




They can't afford two yachts this year? Shorty is suspicious of every explanation they give.


And has anyone been seriously affected by rising fuel prices? Like, you cant do something you used to.
Oil has been ten dollars a gallon in much of Western Europe for years. Time for Americans to get used to it and stop fighting measures to move to a green economy.
 
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nickqt

Diamond Member
Jan 15, 2015
6,963
6,027
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Oil has been ten dollars a gallon in much of Western Europe for years. Time for Americans to get used to it and stop fighting measures to move to a green economy.
We already pay the actual whatever-per-gallon price, we just pay the difference between the pump price and the actual price in tax breaks for energy producers.

Well, the working class does anyway.

The moneyed class writes the rules so they get a tax break because they write the rules because they're the moneyed class because they write the rules and down the spiral we go.
 

Ajay

Lifer
Jan 8, 2001
10,507
4,469
136




They can't afford two yachts this year? Shorty is suspicious of every explanation they give.


And has anyone been seriously affected by rising fuel prices? Like, you cant do something you used to.
I guess the wrong article is opening up for me on two different browsers. I searched the page for 'oil' and for 'gas' and the searches came up empty. <shrug>
 

Matt390

Member
Jun 7, 2019
143
62
71
OPEC is the cartel and its sovereign nation states, not "Corporations", that control that. Corporations do control the refineries in the US, but its government regulations that make that monopoly.
 

ondma

Platinum Member
Mar 18, 2018
2,371
1,007
106
I honestly haven't noticed fuel costs rising much. Or at least not enough to care.
Yea, dont know about other parts of the country, but here in Minnesota, prices have only risen back to close to what they were before the pandemic.

Despite what some posters in this forum say, I am concerned about inflation in general and the supply chain, but gas prices are one of my lowest concerns. Of course if the Trumpers want gas prices like when Donnie was president, all we have to do is lock down again.
 

hal2kilo

Lifer
Feb 24, 2009
18,758
5,773
136
i'm not sure very many people on this board will notice, but i certainly know people do notice, because they barely make ends meet - every penny counts when you're paycheck to paycheck or close to it.

the thing that kills me is that people forget oil is a globally traded commodity and subject to supply and demand changes. covid shuts the world down? the price of oil literally went negative for a moment! things start opening back up? the price of oil rises due to increased demand.

also, since we love big trucks and not fuel efficient vehicles, that only compounds our sensitivity to gas prices.
Na, ah. Got to be Biden's fault, Fox tells me so.
 

Cipheron

Member
Feb 5, 2014
26
11
81
I get




They can't afford two yachts this year? Shorty is suspicious of every explanation they give.


And has anyone been seriously affected by rising fuel prices? Like, you cant do something you used to.
I get where you're coming from, however prices really don't work like that. If higher prices would be more profitable once costs drop then prices would have been that high in the first place: That would have meant they were undercharging people, and we know they'd never have done that.

Right now the amount of gasoline they're selling is at around a 25 year low. So that's pretty shitty for total sales. If they do NOT drop the price again once costs drop then they would actually be losing money on potential sales, so the price will in fact go back towards where it was. The old price WAS the maximum executive-bonus-yachts price to start with.
 
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