Why can't they give us a good reason for why gas prices are rising.

[KK]

CNN Link.

It seems like they find every damn excuse in the books to raise the price of gas. I believe their needs to something done to open the books for these oil companies to find out what's going on. They blame this 10 cent rise on people driving more. What kind of bullsh1t is that? Just because people aren't buying enough heating gas, let's jack the price of gasoline. I haven't drove anymore this week then I have any other fvcking week of my life, and I doubt 99% of the population haven't either.

This isn't going in Daves gas thread because I want an answer and no one reads Dave's threads anymore.

I want an explanation of why gas prices are going up? And don't give me supply and demand bullsh1t..

KK

 

[XZeroII]

What kind of answer are you looking for? Do you think that someone here knows something that the media doesn't and is willing to share?

 

[KK]

Originally posted by: XZeroII
What kind of answer are you looking for? Do you think that someone here knows something that the media doesn't and is willing to share?

I dunno, I was hoping for someone on the inside.

KK

 

[conjur]

Hmm...

Crude oil at the highest levels since 1990.
Refinery capacity maxed.
More vehicles on the road (more and more of them less-efficient SUVs)
Summer-blend (MTBE-additive) gas coming up

What do you expect?

 

[Gonad the Barbarian]

Originally posted by: conjur
Hmm...

Crude oil at the highest levels since 1990.
Refinery capacity maxed.
More vehicles on the road (more and more of them less-efficient SUVs)
Summer-blend (MTBE-additive) gas coming up

What do you expect?

And Bush is filling our reserves instead of dipping into them to curb this price increase.

 

[Ryan]

Originally posted by: Gonad the Barbarian

Originally posted by: conjur
Hmm...

Crude oil at the highest levels since 1990.
Refinery capacity maxed.
More vehicles on the road (more and more of them less-efficient SUVs)
Summer-blend (MTBE-additive) gas coming up

What do you expect?

And Bush is filling our reserves instead of dipping into them to curb this price increase.

We shouldn't be using our reserves, this is NOT a time of national crisis. They need to be filled and stay filled, hence the name "RESERVE".

Geeze, people will take every opportunity they can to down Bush, even the illogical ones.

 

[conjur]

Originally posted by: Gonad the Barbarian

Originally posted by: conjur
Hmm...

Crude oil at the highest levels since 1990.
Refinery capacity maxed.
More vehicles on the road (more and more of them less-efficient SUVs)
Summer-blend (MTBE-additive) gas coming up

What do you expect?

And Bush is filling our reserves instead of dipping into them to curb this price increase.

Dipping into the reserves wouldn't do anything.

 

[dmcowen674]

Originally posted by: KK
CNN Link.

It seems like they find every damn excuse in the books to raise the price of gas. I believe their needs to something done to open the books for these oil companies to find out what's going on. They blame this 10 cent rise on people driving more. What kind of bullsh1t is that? Just because people aren't buying enough heating gas, let's jack the price of gasoline. I haven't drove anymore this week then I have any other fvcking week of my life, and I doubt 99% of the population haven't either.

This isn't going in Daves gas thread because I want an answer and no one reads Dave's threads anymore.

I want an explanation of why gas prices are going up? And don't give me supply and demand bullsh1t..

KK

Sorry KK, your fellow AT P&Nr's are still sticking with the Supply and Demand Bullsh1t despite all the proof I have shown from the Sand Thugs and the Oil Thugs they own here:

Originally posted by: conjur
Here ya go, Dave.

U.S. gasoline prices jump 10 cents to $1.93/gal

Lundberg said tight U.S. gasoline supply and demand balance and high crude oil prices remain the primary factors driving gasoline prices higher.

"But this time both those factors are even stronger than earlier in the year because crude oil has reached nearly $40 per barrel and regulations that make gasoline cost more and exert supply penalties become more acute as we head into the warmer months," she said.

"The improving U.S. economy adds to seasonal demand increases, Lundberg added.

 

[KK]

Originally posted by: conjur
Hmm...

Crude oil at the highest levels since 1990.
Refinery capacity maxed.
More vehicles on the road (more and more of them less-efficient SUVs)
Summer-blend (MTBE-additive) gas coming up

What do you expect?

What were the prices in 1990? Around 1.10-1.20? You're second and third point go hand in hand, and if it were a supply issue I would be expect to see signs on gas stations saying out of gas. I have yet to see one. Summer-blend, how much more expensive could that be? 25%? I dunno, I guess I need to invest in the oil companies.

KK

 

[Gonad the Barbarian]

Originally posted by: conjur

Originally posted by: Gonad the Barbarian

Originally posted by: conjur
Hmm...

Crude oil at the highest levels since 1990.
Refinery capacity maxed.
More vehicles on the road (more and more of them less-efficient SUVs)
Summer-blend (MTBE-additive) gas coming up

What do you expect?

And Bush is filling our reserves instead of dipping into them to curb this price increase.

Dipping into the reserves wouldn't do anything.

It'd do two things:
drive demand back down, as it is Bush is competing with the private buyers
stop wasting our tax money on inflated oil prices

And Bush's daddy and Clinton would disagree with the thinking about not dipping into reserves to curb high gas prices. I still think GW will do this for the election unless his Saudi buds hook him up like they promised.

 

[conjur]

Originally posted by: KK

Originally posted by: conjur
Hmm...

Crude oil at the highest levels since 1990.
Refinery capacity maxed.
More vehicles on the road (more and more of them less-efficient SUVs)
Summer-blend (MTBE-additive) gas coming up

What do you expect?

What were the prices in 1990? Around 1.10-1.20? You're second and third point go hand in hand, and if it were a supply issue I would be expect to see signs on gas stations saying out of gas. I have yet to see one. Summer-blend, how much more expensive could that be? 25%? I dunno, I guess I need to invest in the oil companies.

KK

http://www.usatoday.com/money/autos/2004-05-03-gas-price_x.htm

Adjusted for inflation, the 1990 price is $55.76 a barrel today. The record is $40.42 in October 1990, equivalent to $57.95 now.

The record inflation-adjusted gas price is $1.417 in March 1981, equivalent to $2.921 today.

Sooo...in inflation-adjusted prices, we are far from record highs for both crude oil and for gasoline.

 

[dahunan]

They are BLAMING the rising costs on FEAR OF TERROR Strikes against the oil supplies.. Not on a current problem

 

[Stunt]

Actually according to the news sites in my country (less politics behind it):

1) Oil reserves (in the middle east) are getting lower and oil isn't as easy to increase production as it once was. Countries such as oman who did increase production outside of opec in the 70's which ultimately dropped oil prices are unable to do so this time around.

2) The two largest oil producers in the world are in political termoil. Iraq for obvious reasons (wells are being lit on fire and are out of commision). Saudi arabia is slowly changing hands in terms of political power and the replacements are more anti america (representing the majority of the country) relative to the long time allies of the US who were in charge. They are more strict on oil production and aren't as sympathetic as they once were.

3) Not so long ago someone had the bright idea to trade the price of oil in american dollars. With the american economy not doing so well, along with the low value of the greenback makes the price of oil artificially high. Therefore it's not the oil costing more but your money worth less.

4) If you look at european gas prices, they have remained relatively low in comparison to US prices. Draw your own conclusions about that. The increase in gas prices was 40% or somethign in the US but less than 10% in the EU. Draw your own conclusions from that...hopefully this post has addressed what you were looking for.

PS. Not the inside point of view you are looking for but that's my perception of the situation.

 

[Ozoned]

Originally posted by: conjur


Sooo...in inflation-adjusted prices, we are far from record highs for both crude oil and for gasoline.

Agree,

Answere to op is if you don't like the supply and demand bullsh1t..

Factor in inflation and at what we aren't paying..

 

[etech]

Stunt,

Good post that covers most of the issues. Also add in the MTBE and new sulfur regulations and that about covers it.

Shame, if Dave reads that and can actually comprehend it, he won't be able to use his derogatory term "Sand Thugs" anymore.

I am very surprised the mods have let him get away with that sort of demeaning term for Arabs for so long.

 

[ElFenix]

Originally posted by: etech


I am very surprised the mods have let him get away with that sort of demeaning term for Arabs for so long.

me too.

 

[Eli]

lol.. wow.

Supply and demand.

conjur is right, our refineries are at maximum capacity, and there has been no incentive to build more.

 

[Hayabusa Rider]

Originally posted by: etech
Stunt,

Good post that covers most of the issues. Also add in the MTBE and new sulfur regulations and that about covers it.

Shame, if Dave reads that and can actually comprehend it, he won't be able to use his derogatory term "Sand Thugs" anymore.

I am very surprised the mods have let him get away with that sort of demeaning term for Arabs for so long.

Yes, nicely done, and the sand thug thing is getting thin Dave. We placed ourselves in this vulnerable situation, and they owe us nothing.

We need to get away from oil.

 

[dmcowen674]

Originally posted by: WinstonSmith

Originally posted by: etech
Stunt,

Good post that covers most of the issues. Also add in the MTBE and new sulfur regulations and that about covers it.

Shame, if Dave reads that and can actually comprehend it, he won't be able to use his derogatory term "Sand Thugs" anymore.

I am very surprised the mods have let him get away with that sort of demeaning term for Arabs for so long.

Yes, nicely done, and the sand thug thing is getting thin Dave. We placed ourselves in this vulnerable situation, and they owe us nothing.

We need to get away from oil.

Hey I'm equal on it. I call the Oil Execs on this side the Oil Thugs that are in bed with the Sand Thugs.

There's a good reason Exxon is surpassing GE as the World's largest Corporation, look it up.

 

[etech]

Originally posted by: dmcowen674

Originally posted by: WinstonSmith

Originally posted by: etech
Stunt,

Good post that covers most of the issues. Also add in the MTBE and new sulfur regulations and that about covers it.

Shame, if Dave reads that and can actually comprehend it, he won't be able to use his derogatory term "Sand Thugs" anymore.

I am very surprised the mods have let him get away with that sort of demeaning term for Arabs for so long.

Yes, nicely done, and the sand thug thing is getting thin Dave. We placed ourselves in this vulnerable situation, and they owe us nothing.

We need to get away from oil.

Hey I'm equal on it. I call the Oil Execs on this side the Oil Thugs that are in bed with the Sand Thugs.

There's a good reason Exxon is surpassing GE as the World's largest Corporation, look it up.

Ok, Dave, I'll bite, since this could be fun.

What is the "good reason" in your opinion that Exxon is surpassing GE?

I don't want to look it up, I want your honest and unbiased opinion.

 

[dmcowen674]

Originally posted by: etech

Originally posted by: dmcowen674

Originally posted by: WinstonSmith

Originally posted by: etech
Stunt,

Good post that covers most of the issues. Also add in the MTBE and new sulfur regulations and that about covers it.

Shame, if Dave reads that and can actually comprehend it, he won't be able to use his derogatory term "Sand Thugs" anymore.

I am very surprised the mods have let him get away with that sort of demeaning term for Arabs for so long.

Yes, nicely done, and the sand thug thing is getting thin Dave. We placed ourselves in this vulnerable situation, and they owe us nothing.

We need to get away from oil.

Hey I'm equal on it. I call the Oil Execs on this side the Oil Thugs that are in bed with the Sand Thugs.

There's a good reason Exxon is surpassing GE as the World's largest Corporation, look it up.

Ok, Dave, I'll bite, since this could be fun.

What is the "good reason" in your opinion that Exxon is surpassing GE?

I don't want to look it up, I want your honest and unbiased opinion.

Saudi Arabia own us Biatches.

 

[Stunt]

Nice to see a sector in which the US has no control over.
Good for you OPEC, it is your resource, exploit it.
40 years left in oil supply, make your money's worth.
Maybe this will encourage alternate energy sources, which are needed despirately.
My favourite: hydrogen fuel cell, nuclear fission (until we get solar, tidal, wind, wave, and nuclear fusion off the ground)

 

[dmcowen674]

Originally posted by: Stunt
Nice to see a sector in which the US has no control over.
Good for you OPEC, it is your resource, exploit it.
40 years left in oil supply, make your money's worth.
Maybe this will encourage alternate energy sources, which are needed despirately.
My favourite: hydrogen fuel cell, nuclear fission (until we get solar, tidal, wind, wave, and nuclear fusion off the ground)

"40 years left in oil supply, make your money's worth."

They said that 30 years ago. :roll:

 

[digitalsm]

Originally posted by: conjur
Hmm...

Crude oil at the highest levels since 1990.
Refinery capacity maxed.
More vehicles on the road (more and more of them less-efficient SUVs)
Summer-blend (MTBE-additive) gas coming up

What do you expect?

You forgot, several major refineries either arent online, or are at half capacity, due to accidents.

 

[Hayabusa Rider]

Originally posted by: dmcowen674

Originally posted by: Stunt
Nice to see a sector in which the US has no control over.
Good for you OPEC, it is your resource, exploit it.
40 years left in oil supply, make your money's worth.
Maybe this will encourage alternate energy sources, which are needed despirately.
My favourite: hydrogen fuel cell, nuclear fission (until we get solar, tidal, wind, wave, and nuclear fusion off the ground)

"40 years left in oil supply, make your money's worth."

They said that 30 years ago. :roll:

This is like saying that when jumping off a hundred story building, that someone got the number of floors remaining to fall wrong. There is still going to be a big splat, and in the lifetimes of most people here. Oil is going to be consumed in ever larger quantities. Consider what is happening with energy consumption in China. In two decades, they will consume more than us, and India not far behind. How long will these reserves last once the rest of the world starts using oil like us? Then what? Let the market take over? Hardly. We need to get off oil in 20 years, and it's going to take a lot to do that. We will waste our wealth and resources other things, and when the Middle East is screwed, we will be too.