What is up with gas prices?

[Engineer]

Originally posted by: Jeff7

Originally posted by: Engineer

Originally posted by: Rainsford
Eh, who cares? I suppose for companies and individuals that make their money driving, it might be a big problem, but for me, I don't spend enough of my income on gas for rising prices to be a real concern. Of course I don't drive some 8000 lb tank that gets 10 mpg, so maybe that would change my perspective

No, but perhaps you or someone you know makes a living delivering a newspaper or pizza and does so in an Escort or Civic. I know it was sarcasm, but there are those who suffer from it. Hell, I've seen people delivering papers in an older, large SUV. I bet that really sucks (and I do know that some companies offer so much money for gas, etc. to their drivers but not all of them do).

At some point, delivery charges will need to be increased to offset the rising gasoline prices and it will be passed on to you again. Two fold hit!

Yup. And how do you think the products at your local store get there? Trucks. Fuel costs go up, and eventually the cost of the products the trucks deliver will go up as well.

Only plus side to the whole situation is that it may actually be cheaper to make the products "here in the US" instead of shipping them longs distances across the US from Mexico, etc. I know that that has happened to my company in several instances in which it was cheaper to make it locally than to make it cheaply and ship it from Mexico.

On a side note, the train companies have had skyrocketing business because of this. It's cheaper to ship a whole train than many trucks across the country and then short ship them from various train yards. Trains FTW at this point in shipping!

 

[DaTT]

Originally posted by: Horus
In the GTA, prices have been bouncing between .95 and 1.02 dollars per litre for the past month, nearly. My tank is about 40 bucks to top up, and that's just for a 1.6L Mazda Protege...

Haha...I have the 1.8L. But yeah, 40 bucks.

 

[Jeff7]

Originally posted by: Engineer
Only plus side to the whole situation is that it may actually be cheaper to make the products "here in the US" instead of shipping them longs distances across the US from Mexico, etc. I know that that has happened to my company in several instances in which it was cheaper to make it locally than to make it cheaply and ship it from Mexico.

On a side note, the train companies have had skyrocketing business because of this. It's cheaper to ship a whole train than many trucks across the country and then short ship them from various train yards. Trains FTW at this point in shipping!

I'm next to Lake Erie right now, and I don't know if they have a shipyard or what, but there's a train that makes regular runs. It's amazing how many trailers can be pulled by just a few engines. So much more fuel efficient.

 

[ch33zw1z]

Originally posted by: Captante
Greed.

ding ding ding ding!!!

 

[Strk]

Originally posted by: Rainsford
Eh, who cares? I suppose for companies and individuals that make their money driving, it might be a big problem, but for me, I don't spend enough of my income on gas for rising prices to be a real concern. Of course I don't drive some 8000 lb tank that gets 10 mpg, so maybe that would change my perspective

Everything is connected though. The things you buy depend on deliveries from trucks, planes or trains. The costs still matter, they're just borne indirectly rather than directly.

 

[amdforever2]

...........because this nation was stupid enough to elect the Republican Party to power.


We put them in there, we get to enjoy giving them all this money.

 

[Vic]

Oil prices are still up despite high supplies because the energy markets are being driven by speculators. This type of problem has been ongoing since the dot-com bubble. Investors no longer trust the stock market so they have been spreading their investments into other avenues: bonds, real estate, gold, energy, and other commodities -- wildly driving up prices as they go. So yes, it is greed, but it's not the greed that most people think it is.

 

[dmcowen674]

Originally posted by: amdforever2
...........because this nation was stupid enough to elect the Republican Party to power.

We put them in there, we get to enjoy giving them all this money.

Originally posted by: mwtgg
$2.689 is what I paid today for regular. Cost $30.06 total to fill up.

Don't forget they keep saying Exxon is not making a profit.

Bahahahahahaha :laugh:

 

[MrDingleDangle]

yeah im kinda scared paying $2.89 for the cheapest stuff here in SoCal and its only April

 

[Vic]

Originally posted by: dmcowen674

Originally posted by: amdforever2
...........because this nation was stupid enough to elect the Republican Party to power.

We put them in there, we get to enjoy giving them all this money.

Originally posted by: mwtgg
$2.689 is what I paid today for regular. Cost $30.06 total to fill up.

Don't forget they keep saying Exxon is not making a profit.

Bahahahahahaha :laugh:

Of course Exxon is making a profit. But that's like saying that realtors are making a profit in the real estate boom. They're not causing the speculation that's driving up the prices, but they're certainly benefitting from it.

Thank God that our country is protected by clueless partisan fools like this! :roll:

 

[thomsbrain]

this just in: we've received word that an ATOT poster who goes by the name of "Eli" has had his head in the sand for the past few decades and lacks even a rudimentary understanding of the laws of supply and demand or global politics. more on ATOT News at 7.

 

[randomlinh]

Originally posted by: thomsbrain
this just in: we've received word that an ATOT poster who goes by the name of "Eli" has had his head in the sand for the past few decades and lacks even a rudimentary understanding of the laws of supply and demand or global politics. more on ATOT News at 7.

Eli? meh, I'd be a little more worried about Rainsford.

 

[dmcowen674]

Originally posted by: thomsbrain
this just in: we've received word that an ATOT poster who goes by the name of "Eli" has had his head in the sand for the past few decades and lacks even a rudimentary understanding of the laws of supply and demand or global politics. more on ATOT News at 7.

Supply and Demand :laugh:

Show me the empty Oil and Gas Tanks.

 

[Eli]

Originally posted by: thomsbrain
this just in: we've received word that an ATOT poster who goes by the name of "Eli" has had his head in the sand for the past few decades and lacks even a rudimentary understanding of the laws of supply and demand or global politics. more on ATOT News at 7.

Huh?

I'm well aware of how things work. I don't watch the news, and I was curious what exactly was causing this most recent surge in prices, because I don't know.

 

[Eli]

Originally posted by: dmcowen674

Originally posted by: thomsbrain
this just in: we've received word that an ATOT poster who goes by the name of "Eli" has had his head in the sand for the past few decades and lacks even a rudimentary understanding of the laws of supply and demand or global politics. more on ATOT News at 7.

Supply and Demand :laugh:

Show me the empty Oil and Gas Tanks.

I can show you an empty gas tank - on my truck.

 

[Imaginer]

Originally posted by: moshquerade

Originally posted by: Eli
:Q

Damn.

I better buy a god damn Geo Metro.. lol

or better yet, a motorcycle.

:thumbsup:

 

[Engineer]

Originally posted by: thomsbrain
this just in: we've received word that an ATOT poster who goes by the name of "Eli" has had his head in the sand for the past few decades and lacks even a rudimentary understanding of the laws of supply and demand or global politics. more on ATOT News at 7.

World crude oil inventories are at a 7 year high there "Mr. Supply and Demand". See Vic's post (above) to satisfy the real reason.

I certainly wish it would move beyond speculation as the money could flow back into more fairly balanced equity (stock) markets and the lowering of energy prices could even boost those a tad more than they could possibly rise on their own.

 

[dmcowen674]

Originally posted by: Engineer

Originally posted by: thomsbrain
this just in: we've received word that an ATOT poster who goes by the name of "Eli" has had his head in the sand for the past few decades and lacks even a rudimentary understanding of the laws of supply and demand or global politics. more on ATOT News at 7.

World crude oil inventories are at a 7 year high there "Mr. Supply and Demand".

Hehehehehe :laugh:

 

[mb]

My tank was damn near empty when I filled up today... got 16.7 gallons of gas @ $2.85 a gallon = $47.60

 

[Eli]

Originally posted by: dmcowen674

Originally posted by: Engineer

Originally posted by: thomsbrain
this just in: we've received word that an ATOT poster who goes by the name of "Eli" has had his head in the sand for the past few decades and lacks even a rudimentary understanding of the laws of supply and demand or global politics. more on ATOT News at 7.

World crude oil inventories are at a 7 year high there "Mr. Supply and Demand".

Hehehehehe :laugh:

But what about refinery capacity?

We could have all the crude on the planet available on tap, but it wouldn't matter if we can't convert it into gasoline.

I don't know if this is the real root cause, but it was mentioned in the thread a few times.

 

[dmcowen674]

Originally posted by: supafly
My tank was damn near empty when I filled up today... got 16.7 gallons of gas @ $2.85 a gallon = $47.60

:laugh:

 

[dmcowen674]

Originally posted by: Eli

Originally posted by: dmcowen674

Originally posted by: Engineer

Originally posted by: thomsbrain
this just in: we've received word that an ATOT poster who goes by the name of "Eli" has had his head in the sand for the past few decades and lacks even a rudimentary understanding of the laws of supply and demand or global politics. more on ATOT News at 7.

World crude oil inventories are at a 7 year high there "Mr. Supply and Demand".

Hehehehehe :laugh:

But what about refinery capacity?

We could have all the crude on the planet available on tap, but it wouldn't matter if we can't convert it into gasoline.

I don't know if this is the real root cause, but it was mentioned in the thread a few times.

Show me the empty gas tanks and stations out of gas. :laugh:

 

[mugs]

Originally posted by: dmcowen674

Originally posted by: thomsbrain
this just in: we've received word that an ATOT poster who goes by the name of "Eli" has had his head in the sand for the past few decades and lacks even a rudimentary understanding of the laws of supply and demand or global politics. more on ATOT News at 7.

Supply and Demand :laugh:

Show me the empty Oil and Gas Tanks.

Give me one good reason why they should charge any less for gas than they do now when people continue to drive their enormous vehicles just as much as they did before.

 

[Eli]

Originally posted by: dmcowen674

Originally posted by: Eli

Originally posted by: dmcowen674

Originally posted by: Engineer

Originally posted by: thomsbrain
this just in: we've received word that an ATOT poster who goes by the name of "Eli" has had his head in the sand for the past few decades and lacks even a rudimentary understanding of the laws of supply and demand or global politics. more on ATOT News at 7.

World crude oil inventories are at a 7 year high there "Mr. Supply and Demand".

Hehehehehe :laugh:

But what about refinery capacity?

We could have all the crude on the planet available on tap, but it wouldn't matter if we can't convert it into gasoline.

I don't know if this is the real root cause, but it was mentioned in the thread a few times.

Show me the empty gas tanks and stations out of gas. :laugh:

It's not that simple. There is still supply and demand.. stations don't have to be completely out of fuel.

 

[dmcowen674]

Originally posted by: mugs

Originally posted by: dmcowen674

Originally posted by: thomsbrain
this just in: we've received word that an ATOT poster who goes by the name of "Eli" has had his head in the sand for the past few decades and lacks even a rudimentary understanding of the laws of supply and demand or global politics. more on ATOT News at 7.

Supply and Demand :laugh:

Show me the empty Oil and Gas Tanks.

Give me one good reason why they should charge any less for gas than they do now when people continue to drive their enormous vehicles just as much as they did before.

No reason at all, that's why I say make it $6 or $7 a gallon, or even higher :thumbsup: