Gasoline Expected to Rise to $5.00 to $6.00 a gallon

[uscitizen]

I just find it interesting that the same people who were blaming Bush for the high gas prices three years ago are steadily mum over the current rapid increase. If it was Bush's fault then, is it not Obama's fault now?

well, president bush brought us in to a full fledged war in Iraq....and war presence in the middle east was a guaranteed, major hike in oil....it always is....

civil unrest in the middle east will ALWAYS raise oil prices, and make the Exxons of the world, REAP the benefits....perpetual war will always raise the price of oil....

Umm, the oil companies are not reaping benefits. When the market forces cause the price to rise, the oil producers costs rise.

Umm seems like they had record profits back when gas was $4/gal.

the way I remember it anyway.

 

[Care4all]

well, president bush brought us in to a full fledged war in Iraq....and war presence in the middle east was a guaranteed, major hike in oil....it always is....

civil unrest in the middle east will ALWAYS raise oil prices, and make the Exxons of the world, REAP the benefits....perpetual war will always raise the price of oil....

Umm, the oil companies are not reaping benefits. When the market forces cause the price to rise, the oil producers costs rise.

Umm seems like they had record profits back when gas was $4/gal.

the way I remember it anyway.

yes, they have had record profits the past +/- 8 years, you are correct....

and higher oil prices with little increase in their production costs, along with the quick trigger to raise gasoline prices when oil goes up on the market, but twiddling their thumbs to reduce the retail price when it goes down on the market. and tax loopholes.... has lined their pockets with gold...the Midas touch!

 

[JamesInFlorida]

The majority of Floridians aren't even Floridians. They live half the year in New York or New Jersey.
You go ahead and keep buying into the enviro-nazi propaganda. If there were oil rigs off the FL coast, you would not have a clue their presence. The entire story behind FL's off shore ban was based on the California spills of the 1970's. Oil production technology is far more advanced. The BP explosion was an accident.
If anything, FL taxpayers would benefit from off shore oil production in the form of royalties from said production.
Look, it's either we here in the US start realizing that with economic freedom comes a little risk or we remain under the thumb of people who don't like us very much.
BTW, to a certain distance off the shoreline ,yes the State has jurisdiction. Beyond that , I believe it is three miles, offshore waters come under federal jurisdiction. It is through cooperation between the federal government and states that offshore drilling is limited.
However, if push came to shove and the country needed the oil, we'd get it. and of course the respective state would receive ample compensation.
This is not about "slightly lower gas prices"..This is about doing the right thing and harvesting our own natural resources. You complain about risk. You mention fisheries and tourism twice. Sounds like you have an agenda. an agenda that is somewhat self centered.
Newsflash...we're all in this together. Last time I checked Florida was still part of the United States of America.
This is about economic independence and economic security. Do not ever forget that.
We don't get to that point without a little risk.
If we used your theory about avoiding risk, there would be no air travel and no cars.

The States Rights clause in the Constitution does not apply here.

Totally incorrect. Stop talking out your ass.

Really? Examples please.....Have at it or stow it.
The uninformed have no right to an opinion. Since you insist on being uninformed, well...

Well I live here in Florida-and there certainly is a lot of people from the northeast here-it's not the "majority" of people. Based on my personal experience I'd estimate about 20% of the people I know are from the northeast, which is still a large percentage.

 

[RevBig]

We aren't drilling anywhere near are capacity. We have ANWR, we have plenty of more reserves in the Gulf, not to mention off both the Atlantic and Pacific coasts. There has been a moratorium on drilling for nearly a year now and the Obama administration has issued only one drilling permit so far. Furthermore, I don't think you really understand the economics. Nobody said the oil we drill had to remain in the states. The added supply to the world market would bring down the price regardless of who it is being sold to. As for production needing to be nationalized, I have no idea how you come to that conclusion. It's not logical.

I think we should sit on our oil and go to work on the political minions making it OUR oil only for domestic use, subsiding the cost of gasoline not allowing it to peak over say five dollars a gallon. Its OUR oil we the taxpayers own it! Not the highway robbers (and I am being nice, they are worse than thieves) like Exxon and BP. Of course I am a avowed hard core isolationist that thinks the entire western hemisphere should be united and isolated, but that's another subject~

rb

 

[Care4all]

Capitalism really isn't at work here. If it was we'd be drilling our own oil and providing competition.

We are drilling here, but, AGAIN, it's the oil companies like Exxon who offer it up to the highest bidder. That's competition and that's capitalism at work. The only way all oil drilled in the continental United States could remain in the states would be if oil production was nationalized. And what's that? Socialism.

We aren't drilling anywhere near are capacity. We have ANWR, we have plenty of more reserves in the Gulf, not to mention off both the Atlantic and Pacific coasts. There has been a moratorium on drilling for nearly a year now and the Obama administration has issued only one drilling permit so far.

Furthermore, I don't think you really understand the economics. Nobody said the oil we drill had to remain in the states. The added supply to the world market would bring down the price regardless of who it is being sold to. As for production needing to be nationalized, I have no idea how you come to that conclusion. It's not logical.

I think you are wrong....absolutely wrong, (unless of course you can prove you are right)

Never in the history of big oil finds and drilling of those finds in the gulf or alaska or where ever, has oil prices gone down because of this added oil, NEVER.

Also, oil companies will go to extract the easy oil first and by far deep water oil in the Gulf is NOT EASY oil, it is more expensive than pulling oil out of the ground in Iraq or Saudi arabia...

do you have any idea of how many oil leases we have out there where the oil companies HAVE NOT even tried to extract the oil? they got the leases so that some day, when easy oil runs out, they have their stake in the hard stuff, but they have made no effort to extract it... and you are worried about the moratorium...?

Drilling off the coasts, in the gulf, in alaska wildlife region...will not and will never, reduce the price of oil for us.

That's the sad truth.

and since we do not nationally keep our own oil, it is on the global market....the oil from those areas probably will not even come to us, but be exported somewhere....

Also, where do you get that we are not drilling anywhere near our capacity?

We are drilling all over the place in the US...? thousands if not tens of thousands of oil wells being pumped across our great country....?

 

[Synthaholic]

The majority of Floridians aren't even Floridians. They live half the year in New York or New Jersey.
You go ahead and keep buying into the enviro-nazi propaganda. If there were oil rigs off the FL coast, you would not have a clue their presence. The entire story behind FL's off shore ban was based on the California spills of the 1970's. Oil production technology is far more advanced. The BP explosion was an accident.
If anything, FL taxpayers would benefit from off shore oil production in the form of royalties from said production.
Look, it's either we here in the US start realizing that with economic freedom comes a little risk or we remain under the thumb of people who don't like us very much.
BTW, to a certain distance off the shoreline ,yes the State has jurisdiction. Beyond that , I believe it is three miles, offshore waters come under federal jurisdiction. It is through cooperation between the federal government and states that offshore drilling is limited.
However, if push came to shove and the country needed the oil, we'd get it. and of course the respective state would receive ample compensation.
This is not about "slightly lower gas prices"..This is about doing the right thing and harvesting our own natural resources. You complain about risk. You mention fisheries and tourism twice. Sounds like you have an agenda. an agenda that is somewhat self centered.
Newsflash...we're all in this together. Last time I checked Florida was still part of the United States of America.
This is about economic independence and economic security. Do not ever forget that.
We don't get to that point without a little risk.
If we used your theory about avoiding risk, there would be no air travel and no cars.

The States Rights clause in the Constitution does not apply here.

Totally incorrect. Stop talking out your ass.

Really? Examples please.....Have at it or stow it.
The uninformed have no right to an opinion. Since you insist on being uninformed, well...

Show that the majority of Floridians aren't Floridians. Back up your shit, asshole.

 

[Big Fitz]

well, president bush brought us in to a full fledged war in Iraq....and war presence in the middle east was a guaranteed, major hike in oil....it always is....

civil unrest in the middle east will ALWAYS raise oil prices, and make the Exxons of the world, REAP the benefits....perpetual war will always raise the price of oil....

Umm, the oil companies are not reaping benefits. When the market forces cause the price to rise, the oil producers costs rise.

Umm seems like they had record profits back when gas was $4/gal.

the way I remember it anyway.

They get between 8-10% profit margin. That on average came out to less than 5 cents a gallon.

Federal tax on a gallon was 18 cents IIRC. Means that they received almost quadruple the same amount of money that the oil companies got.

State taxes vary widely from less than a nickle to over 35 cents a gallon.

You going to complain about that level of profiteering we paid at the pump to the government?

Who's doing the gouging really? In WI, gas stations took to putting stickers on showing the total tax on a price of gas. It was 57 cents at the time total.

 

[rightwinger]

Gas prices could hit $3 by autumn

 

[Warrior102]

What Republicans are saying gas prices don't matter?

 

[Old Rocks]

So strange to still hear the babble about 'Gotta drill more!". Gasoline and diesel are now our major exports. And we have a down world market, so the price of oil is reflecting that lack of demand. Of course, if we get a worldwide depression out of Europe foolishly following the Austrian economists advice, then the price of gas will be way down. For those of us that have any money at all.

 

[Flopper]

Obama's plan to get us off the use of oil is to get the price of gas up to $7 per gallon. He's well on his way to achieving that goal.

Obama Supporter: 'Obama Will Pay For My Gas And My Mortgage'

If that's true, he's not doing a very good job of it. Gas prices are down 50 cents in the last two months and the prospect is for lower prices.

 

[OohPooPahDoo]

Obama's plan to get us off the use of oil is to get the price of gas up to $7 per gallon. He's well on his way to achieving that goal.

Obama Supporter: 'Obama Will Pay For My Gas And My Mortgage'

I didn't know government set the price of gas.

 

[rightwinger]

Obama's plan to get us off the use of oil is to get the price of gas up to $7 per gallon. He's well on his way to achieving that goal.

Obama Supporter: 'Obama Will Pay For My Gas And My Mortgage'

If that's true, he's not doing a very good job of it. Gas prices are down 50 cents in the last two months and the prospect is for lower prices.

She doesn't have to worry about putting gas in her car or worry about her mortgage

Conservatives trumpeted that statement as her saying Obama was going to give it to her for free. After all, she is a black person. She could not have been saying she pays for those things herself

 

[thereisnospoon]

So strange to still hear the babble about 'Gotta drill more!". Gasoline and diesel are now our major exports. And we have a down world market, so the price of oil is reflecting that lack of demand. Of course, if we get a worldwide depression out of Europe foolishly following the Austrian economists advice, then the price of gas will be way down. For those of us that have any money at all.

Ok that makes sense. About as much as " why winterize the house, it's hot outside!"..
This is the perfect time to go ahead and get our selves off foreign oil.
With global prices down, it may make sense to sell more product here.
The problem is we have to smash the enviro fags into oblivion and build some refineries here. Then we can tell OPEC to cram their oil up their collective ass.
The Left has been sitting on both sides of this issue while creating the narrative for far too long.

 

[Old Rocks]

Lordy, lordy. With 2% of the reserves, and using 24% of the supply, you propose drilling enough to get us off of foreign oil? Our rate of use gaurantees that we either find an alternative to oil, or we become totally dependent on some countries that really do not have our interests in mind.

 

[Old Rocks]

Build refineries here? We are exporting major amounts of diesel and gasoline right now. With the existing refineries. So what is the point of building more refineries?

 

[thereisnospoon]

Lordy, lordy. With 2% of the reserves, and using 24% of the supply, you propose drilling enough to get us off of foreign oil? Our rate of use gaurantees that we either find an alternative to oil, or we become totally dependent on some countries that really do not have our interests in mind.

Ok..Mr Facts. We believe you.

 

[thereisnospoon]

Build refineries here? We are exporting major amounts of diesel and gasoline right now. With the existing refineries. So what is the point of building more refineries?

We're NOT exporting nearly as much refined fuel as crude oil.
Normally it is not cost efficient to refine here. So we export oil and buy gasoline on the world market.
The oil companies can get a better price by doing this.
As the market price falls, it becomes more profitable to make gas and diesel HERE and sell it HERE.
If you want to pay more for fuel, go ahead. I have a business to run and need to keep my costs down.

 

[Old Rocks]

Build refineries here? We are exporting major amounts of diesel and gasoline right now. With the existing refineries. So what is the point of building more refineries?

We're NOT exporting nearly as much refined fuel as crude oil.
Normally it is not cost efficient to refine here. So we export oil and buy gasoline on the world market.
The oil companies can get a better price by doing this.
As the market price falls, it becomes more profitable to make gas and diesel HERE and sell it HERE.
If you want to pay more for fuel, go ahead. I have a business to run and need to keep my costs down.

Ever consider doing a little research before flapping yap?

#1 U.S. export? Gasoline, diesel & jet fuel, believe it or not. #rsrh | Maley's Energy Blog

NEW YORK (AP) — For the first time, the top export of the United States, the world’s biggest gas guzzler, is — wait for it — fuel.

Measured in dollars, the nation is on pace this year to ship more gasoline, diesel, and jet fuel than any other single export, according to U.S. Census data going back to 1990. It will also be the first year in more than 60 that America has been a net exporter of these fuels.

Just how big of a shift is this? A decade ago, fuel wasn’t even among the top 25 exports. And for the last five years, America’s top export was aircraft.

The trend is significant because for decades the U.S. has relied on huge imports of fuel from Europe in order to meet demand. It only reinforced the image of America as an energy hog. And up until a few years ago, whenever gasoline prices climbed, there were complaints in Congress that U.S. refiners were not growing quickly enough to satisfy domestic demand; that controversy would appear to be over.

 

[thereisnospoon]

Build refineries here? We are exporting major amounts of diesel and gasoline right now. With the existing refineries. So what is the point of building more refineries?

We're NOT exporting nearly as much refined fuel as crude oil.
Normally it is not cost efficient to refine here. So we export oil and buy gasoline on the world market.
The oil companies can get a better price by doing this.
As the market price falls, it becomes more profitable to make gas and diesel HERE and sell it HERE.
If you want to pay more for fuel, go ahead. I have a business to run and need to keep my costs down.

Ever consider doing a little research before flapping yap?

#1 U.S. export? Gasoline, diesel & jet fuel, believe it or not. #rsrh | Maley's Energy Blog

NEW YORK (AP) — For the first time, the top export of the United States, the world’s biggest gas guzzler, is — wait for it — fuel.

Measured in dollars, the nation is on pace this year to ship more gasoline, diesel, and jet fuel than any other single export, according to U.S. Census data going back to 1990. It will also be the first year in more than 60 that America has been a net exporter of these fuels.

Just how big of a shift is this? A decade ago, fuel wasn’t even among the top 25 exports. And for the last five years, America’s top export was aircraft.

The trend is significant because for decades the U.S. has relied on huge imports of fuel from Europe in order to meet demand. It only reinforced the image of America as an energy hog. And up until a few years ago, whenever gasoline prices climbed, there were complaints in Congress that U.S. refiners were not growing quickly enough to satisfy domestic demand; that controversy would appear to be over.

Not according to this article. As of this writing the US exported a few hundred thousand more barrels per day than it imported.
The focal point here is the NET import/export.
It still is not cost effective for US oil producers to refine gasoline in this country.
Case and point. Sunoco had a refinery in suburban Philadelphia that because the company could not find a buyer closed the facility and thus shortened our refining capacity by 175kbpd AND Conoco closed another facility in the same area the cost the US 187kbpd....
So if gasoline production is so lucrative, why then are refineries being shut down?
Ok. I get it. You and ONLY you have all the answers.
Oh, here's the link....
Janet McGurty | Journalist Profile | Reuters.com