gasoline prices

[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.

[Scandia]

In my county they range from 3.57 to 3.65. It seems to have less to do with a neighborhood's average income and more to do with its proximity to a major interstate and thus ease of tankers to get the gasoline to the station.

[ThetaDancer]

^^^ That's awful.

Gas hit $4.00/gallon here yesterday

[texas*princess]

Originally Posted by ThetaDancer

^^^ That's awful.

Gas hit $4.00/gallon here yesterday

I have absolutely no doubt it will be that much the next time I fill up.

[ASUADPi]

Gas is like 3.50 (it could be higher though, but not higher than 3.75). It is retarded!

Anyone else remember the time when they complained about gas reaching, OMG, 2 bucks! I do!

If gas got back down to 2 bucks, I'd probably kiss the ground! Hell, if it got down to 2.50 I'd kiss the ground

[texas*princess]

Originally Posted by ASUADPi

If gas got back down to 2 bucks, I'd probably kiss the ground! Hell, if it got down to 2.50 I'd kiss the ground

lol

you and me both!

[KatieKate1244]

Gas prices have actually dropped here a bit. They hit $3.95 and stayed put for a few days, went down to $3.91, and now it's down to $3.85. My dad thinks it will drop a little bit more before Memorial Day, and it will suddenly jump to over $4.00.

[texas*princess]

I saw gas at a nearby station for $3.67!!!

(Is it sad that $3.66 is a bargain for regular unleaded?)

[TexasWSP]

He's been around the oil business his entire life. I think he knows what he is talking about concerning it. That is too small to make an impact.

I haven't seen anyone mention anything about refineries.....which, in my opinion, is one of the greatest causes behind the increase in gas prices besides the futures markets and their uncertainty due to the conflict in the Middle East. Refineries used to use a gasoline product called Methyl Tertiary Butyl Ether to make cars run cleaner....but it also was a contaminate and was severely affecting water supplies. Now they are using ethanol and it is costing oil/production companies a boat load to switch over.

Even with the recent spikes in oil production, companies can't meed the demands of refineries because of having to produce ethanol. The cost to produce it is being handed to us people. You can thank Congress for that..although their actions were not a bad thing given the circumstances. Now add in state and federal taxes and you get a pretty good idea of why it is so high.

[nikki1920]

I moved 2 weeks ago. Gas at the station 2 lights from me was $3.48. This morning it was $3.79. Bush doesnt care about working people and/or their budgets. The economy is not in a slow down, its in a recession. Stop sweating OPEC and find somewhere else to get our oil for gas already. Already my summer plans are greatly reduced because gas is too dayum expensive. How's THAT for economic stimulation?

[TexasWSP]

Actually if you go by the textbook definition of a recession.......I'm pretty sure we aren't in one....at least we weren't last month when someone else mentioned it.

.........and this isn't really aimed at you I guess but, I get so sick and tired of blaming f'ing Bush for gas prices. That is a tool of the completely ignorant and uninformed. "Stop sweating OPEC and find somewhere else to get our oil for gas"??? Take a trip through East Texas, the Gulf of Mexico, Ft. Worth, Wyoming-Colorado-North Dakota, The Marcellus Shale......just to name a few. The oil and gas is there but it takes time, money, and extremely smart individuals to get it. There is oil all over this country.

[Tom Earp]

I love how we acomplian, myself included when European Countrys have paid a much higher price than we have in the USA!

I also wonder why the Oil for Alaska is going to Japan and not us in the USA?