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quietly gas prices seem to be on the rise

G

GamerExpress

Banned
I noticed once again this morning that gas prices seem to be up again, they have been on the rise for quite some time now. I haven't noticed people talking or anything on the news like the last time they skyrocketed. I am wondering if anyone has any info on why the gas companies have felt the need to once again raise prices.

If I were to come and say that the Bush Administration had anything to do with it, I am sure I would get flamed in this thread. The question I have is the Administration really trying to do anything?? Are Bush's ties to the industry still too strong for him to step in and try and put a stop to the price qouging??

 
it's because you drank all the CC & Canada Dry. gas prices are unexplainably linked to this shortage. analysts are still working on determining the connection.
 
Originally posted by: meltdown75
it's because you drank all the CC & Canada Dry. gas prices are unexplainably linked to this shortage. analysts are still working on determining the connection.
Click to expand...


Good one, but no sorry.
 
i've noticed as well. the thing that pisses me off is not so much the fact the prices are rising slowly, but that we're all sitting back and taking it
 
Prices jumped after Sharon had his stroke.

Specs feared/hoped that it would cause unrest in Israel; thereby affecting the ME & oil.

They were wrong on the cause/effect; however, their impacts kicked in anyhow.
 
man, if you start messing with price caps and restricting how gas stations do business, you're going to end up with those long, long lines at gas stations again. google "jimmy carter and gasoline"
 
Gas prices go up and down in cycles... But the "down" part of the cycles seem to always get shorter and shorter, and the prices don't go down so much anymore. Oil company greed; they charge what they can get away with.
 
Originally posted by: EagleKeeper
Prices jumped after Sharon had his stroke.

Specs feared/hoped that it would cause unrest in Israel; thereby affecting the ME & oil.

They were wrong on the cause/effect; however, their impacts kicked in anyhow.
Click to expand...

Also because Iran's leader has been making increasingly inflammatory statements. Instability in the Middle East (even if it is just perceived) will always drive prices up while we are dependent on oil from that region.
 
Originally posted by: Astaroth33
Gas prices go up and down in cycles... But the "down" part of the cycles seem to always get shorter and shorter, and the prices don't go down so much anymore. Oil company greed; they charge what they can get away with.
Click to expand...

Which is what every corporation does. That is their function...to make money.
 
Because quietly, oil prices have risen from $58 to $65 over the last few weeks, even though crude oil inventories are UP over 13% from this time last year. Oil prices are up 45% from this time last year.

Supply and demand....in reverse, eh?
 
Originally posted by: GregGreen
s&d? you know people are using barrels of oil to heat their homes so less is being refined into gas?
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See my above post. Oil inventories are UP 13% from last year and Oil prices are up 45%. Also, the winter has been much more mild than predicted, yet oil hasn't fallen.

It's irrational exuberance amongst the oil traders and "we", the consumers, are all the suckers in the deal.
 
Originally posted by: Engineer
Because quietly, oil prices have risen from $58 to $65 over the last few weeks, even though crude oil inventories are UP over 13% from this time last year. Oil prices are up 45% from this time last year.

Supply and demand....in reverse, eh?
Click to expand...

That's because oil barrel prices are set by the futures markets (not by the oil companies). And when the futures market perceives a possible instability in supply (see Sharon and Iran) then the prices will start going up.
 
Don't forget the money men in NYC......the guys who bid on gasoline futures, and are really the ones that affect the prices.

"OMFG, someone related to the Sheik of Saudi Arabia sneezed and sniffled today?!?!? We have to pay more for gasoline, because it might cause a disruption of oil!!!! EEEEEKKK!!!!"

These bozos jack up gasoline futures for pretty much any excuse. And let's face it, prices ALWAYS go up faster than they come back down! :roll:
 
Originally posted by: Queasy
Originally posted by: Engineer
Because quietly, oil prices have risen from $58 to $65 over the last few weeks, even though crude oil inventories are UP over 13% from this time last year. Oil prices are up 45% from this time last year.

Supply and demand....in reverse, eh?
Click to expand...

That's because oil barrel prices are set by the futures markets (not by the oil companies). And when the futures market perceives a possible instability in supply (see Sharon and Iran) then the prices will start going up.
Click to expand...

See my follow up post..."irrational exuberance"....

P.S. Prices started trickling up well before Sharon or Iran news broke. They just served to drive it higher.
 
Originally posted by: robothouse77
man, if you start messing with price caps and restricting how gas stations do business, you're going to end up with those long, long lines at gas stations again. google "jimmy carter and gasoline"
Click to expand...
There is a lot the government can do without these negative effects.
[*]More pressure for more oil drilling. This is a moot point once OPEC was at 100% production, but it is one trick not to forget.
[*]More tax on gas to reduce its consumption (not really effective, but it does help). Then return this gas money to the taxpayers.
[*]CAFE laws. Fuel guzzler tax on the sale of fuel guzzling vehicles, etc.
[*]Efficiency laws. Step up the requirements for energy efficient devices. Everything can be made to be more efficient.
[*]Clean air and nuclear laws. We need more coal and nuclear power plants and fewer oil and natural gas power plants.
[*]Research money. Increase funding on making existing technology (gas, diesel, and hybrids) more fuel efficient.
[*]Give incentives for more refineries. Refineries away from the gulf coast so that one hurricane won't affect them all.
[*]Stop adding to the national oil reserves on days when oil is sky high. Then resume at a faster rate when oil is low. Not only will it smooth out prices, but it is a huge money saver for the government.
[*]There are dozens more.

None of these are price caps and none would create long lines at the pump.
 
I noticed that gas prices were in the $2.20s when I filled up the other day, it was $2.07 last time I filled up about a month ago. I think I'll survive.
 
makine at least one if not a few more refineries, should make the cost of refining it go down too

but then you are basicly asking the companies to spend millions of dollars so they can earn less money per gallon

i still think it has some what to do with corporate greed
 
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