gasoline prices

[nate2512]

Originally Posted by christiangirl

^^^I like it enough that I would if I could afford it. However, I don't go through 26 galloons of anything in a week, so this chicken is moot.

Yeah, but you're missing my point, when I'm in school I go through 26 gallons of gas every four days. While this is certainly not an average for most americans, i don't know what is, but you get my drift that you use a lot more gas than you do milk. My point is that there are way more supplies for gasoline than there are for milk or most other products. The reason that oil prices are so high is because the demand in the global market is high. OPEC claims that they are producing enough oil to meet the worlds consumption, so there are only two ways to lower gas prices, simply use less, which is not a viable option as the demand for gas is very inelastic. The second is for OPEC to raise their daily output, which they have already said they aren't doing. And when gas goes up that makes everything else more expensive too. To compare gas to a consumer product such as milk is just flat out retarded.

[jon1856]

Originally Posted by nate2512

Yeah, but you're missing my point, when I'm in school I go through 26 gallons of gas every four days. While this is certainly not an average for most Americans, i don't know what is, but you get my drift that you use a lot more gas than you do milk. My point is that there are way more supplies for gasoline than there are for milk or most other products. The reason that oil prices are so high is because the demand in the global market is high. OPEC claims that they are producing enough oil to meet the worlds consumption, so there are only two ways to lower gas prices, simply use less, which is not a viable option as the demand for gas is very inelastic. The second is for OPEC to raise their daily output, which they have already said they aren't doing. And when gas goes up that makes everything else more expensive too. To compare gas to a consumer product such as milk is just flat out retarded.

I agree but there is at least one other "choke point" which is production.
And just thought of another one which also has been in the news: distribution/transportation.

We all have heard by now of need for more production facilities and when ever one plant goes down for whatever reason, prices go up.

Just as when ever pipe line or tanker has a problem prices go up.

[christiangirl]

Originally Posted by nate2512

Yeah, but you're missing my point, when I'm in school I go through 26 gallons of gas every four days. While this is certainly not an average for most americans, i don't know what is, but you get my drift that you use a lot more gas than you do milk. My point is that there are way more supplies for gasoline than there are for milk or most other products. The reason that oil prices are so high is because the demand in the global market is high. OPEC claims that they are producing enough oil to meet the worlds consumption, so there are only two ways to lower gas prices, simply use less, which is not a viable option as the demand for gas is very inelastic. The second is for OPEC to raise their daily output, which they have already said they aren't doing. And when gas goes up that makes everything else more expensive too. To compare gas to a consumer product such as milk is just flat out retarded.

No, I didn't miss your point. You seem to have missed mine. I don't go through 26 gallons of milk in a week, but I don't go through anywhere near 26 gallons of gas either, so asking me that question as a way to support your argument was ineffective. That's what that post meant.

And the flaw is not that one is a necessity and the other is a consumer product. The problem is that we gripe about how expensive our necessity is when we happily spend on consumer products which are infinitely more expensive. That's what's retarded. It makes America look like a place full of people with backwards priorities (which it is but we could at least try to hide it). If you don't do that, then it doesn't apply to you.

[nate2512]

Originally Posted by christiangirl

No, I didn't miss your point. You seem to have missed mine. I don't go through 26 gallons of milk in a week, but I don't go through anywhere near 26 gallons of gas either, so asking me that question as a way to support your argument was ineffective. That's what that post meant.

And the flaw is not that one is a necessity and the other is a consumer product. The problem is that we gripe about how expensive our necessity is when we happily spend on consumer products which are infinitely more expensive. That's what's retarded. It makes America look like a place full of people with backwards priorities (which it is but we could at least try to hide it). If you don't do that, then it doesn't apply to you.

But even your milk would be cheaper if gas is cheaper, everything would be cheaper. What I'm saying though is that the supply for milk is a lot less than that for gas, so the more supply of something the cheaper it'll be. The more demand, the more expensive. That's pretty basic. But people aren't going to gripe about the price of milk, cause they aren't buying it in the volume that they buy gas. And to be correct, I gripe about the price of everything, milk, soft drinks, food, about as equally as gas. The supply demand curves are met for all for those though, because yes I'm willing to pay the price asked for those products. However, though I'm really not willing to, I'm FORCED to pay the price for gasoline that is set, that is why I have such a big problem with the gas prices. Gas is the most inelastic product on the american consumer market, that is why there is a huge ordeal about gas than other things.

Go take an economics class and then you can come back and chastise me, because I'll bet you'll agree with me a lot more.

[DeltAlum]

Originally Posted by jon1856

I agree but there is at least one other "choke point" which is production.
And just thought of another one which also has been in the news: distribution/transportation.

We all have heard by now of need for more production facilities and when ever one plant goes down for whatever reason, prices go up.

Just as when ever pipe line or tanker has a problem prices go up.

I've heard all of those arguments.

They're probably valid. Big companies deserve to make money.

I still want an explaination of the record profits.

Something doesn't figure.

[smiley21]

The day has come. I had to pay $4/gallon for premium. I don't care about this being the state of the economy, blah blah blah. I still don't like it, but I know that I must deal with it or not work. ugh.

[Tom Earp]

Luckly I do not drive far, 4.5 miles a day.

But I only put $20.00 in at a time. The scary thing is one time I got 189 miles, and the last time it was 136, that is @ 50 miles less!

[nate2512]

Originally Posted by Tom Earp

Luckly I do not drive far, 4.5 miles a day.

But I only put $20.00 in at a time. The scary thing is one time I got 189 miles, and the last time it was 136, that is @ 50 miles less!

You do realize you'd spend less on gas if you filled all the way up everytime.

[aephi alum]

$4.439/gal for premium

[Tom Earp]

Originally Posted by nate2512

You do realize you'd spend less on gas if you filled all the way up everytime.

Hm, and how do you figure that?