The last time oil was $65.00 a barrel, gas was $1.59 a gallon

[hangover]

When oil was $140.00 a barrel last summer, big oil was making $100 billion in profits every three months. The cost of oil is cut in half, but oil companies only cut gas 25%, and moron Americans think $3.00 a gallon is cheap gas. When will this country realize that the oil companies are destroying the economy and our lives? The cost of shipping has doubled because of big oil. And that makes the cost of everything more expensive. Have your wages doubled to cover the inflation passed on to you?

 

[Delta4Embassy]

Isn't a direct correlation between the price for crude oil and the price for gasoline. Gas is only 3 cents a liter in Venezula. 9 or 10 bucks a gallon in some European countries. Ultimately the price is dependent upon local taxes. Has no correlation to the price of crude.

 

[Care4all]

Isn't a direct correlation between the price for crude oil and the price for gasoline. Gas is only 3 cents a liter in Venezula. 9 or 10 bucks a gallon in some European countries. Ultimately the price is dependent upon local taxes. Has no correlation to the price of crude.

our gas taxes are a flat dollar tax per gallon...whether oil is more expensive or less expensive....the gvt gets the same....

gasoline prices do relate to the price of oil per barrel, the cost of refinement and speculation.

 

[BullKurtz]

When Exxon pays over $100B in taxes and royalties we should bitch because they took an after-tax profit of $40B? Most of these leftists can't keep their checkbook accurate yet complain about "BIG OIL". Oil isn't oil....the Saudis lift cost is about a dollar a barrel. The US lift cost on average is $24 a barrel...as high as $70 on offshore rigs. So who's making the most money off a barrel of oil? UNCLE SAM is who. On average the gas station makes about a nickel a gallon before expenses! If they didn't sell cigs, candy, and lottery tickets, they'd have to close. Sam gets 40 cents a gallon for doing....nothing. Transportation costs are a huge part of the oil business and why we can and should DRILL BABY DRILL! The Saudis are trying to drive our drillers under but it's the russians who are getting killed by the lower prices....we can stay profitable at $60 a barrel at current refining costs....that's why Keystone XL is important...a good deal of the Keystone XL oil will be from the Bakken Field in N. Dakota....much cheaper than rail and tanker truck. Bottom line? If you want to keep gas prices low, make the Wall Street commodities jackasses TAKE PHYSICAL POSSESSION of their oil futures crude. That puts the investment bankers in a position to either be in oil the business or get the hell away from it. Take the middle man out of the picture and you'll have true competition between the oil patch drillers and the Paki taking your hard earned money at the gas stations.

 

[whitehall]

You almost gotta laugh when low information hypocrite lefties whine about American corporate profits while they not only tolerate but actually drool over obscene displays of wealth by obscene OPEC Arab princes. American corporations ain't your freaking enemy you fools.

 

[alanbmx123]

You almost gotta laugh when low information hypocrite lefties whine about American corporate profits while they not only tolerate but actually drool over obscene displays of wealth by obscene OPEC Arab princes. American corporations ain't your freaking enemy you fools.

And the local gas station owner is making .05 to .10 a gallon. When oil goes down in price is when the stations make profit by slowly lowering price. Meanwhile the Feds and state make close to .80 a gallon on the backs of us and the station. And what do they do... Regulate the owner right out of business, I have first hand experience with California on this, the little business owner is crushed.
To say that the price of gas is not tied to the price of oil is foolishness,


Sent from my iPhone using Tapatalk

 

[RoshawnMarkwees]

When oil was $140.00 a barrel last summer, big oil was making $100 billion in profits every three months. The cost of oil is cut in half, but oil companies only cut gas 25%, and moron Americans think $3.00 a gallon is cheap gas. When will this country realize that the oil companies are destroying the economy and our lives? The cost of shipping has doubled because of big oil. And that makes the cost of everything more expensive. Have your wages doubled to cover the inflation passed on to you?

You're correct about Gruber's morons being conditioned into thinking $3 gas is cheap. But the price per barrel was in the low to mid $30's when gas was closer to $1.50, just before the hack was inaugurated. If we can reopen the offshore regions prohibited by this terrible hack president political whore ideologue we can drastically reduce both of those costs and save trillions for consumers. Those trillions would expand our economy like maybe never before.

 

[ABikerSailor]

Hey................under Jr. gas prices hit to over 4 bucks a gallon.

 

[RoshawnMarkwees]

Hey................under Jr. gas prices hit to over 4 bucks a gallon.

Exactly. For the same reasons they did under obama. Difference is Jr plead with congress to lift moratoriums and once they complied the price dropped. Meanwhile obama the hack put those moratoriums back in place. See?

 

[ABikerSailor]

Tell ya what................compare average gas prices under Jr. and then compare them under Obama.

Guess what? Under Obama they are cheaper.

But...................just like I defended Jr. when people were complaining about gas prices, I'm going to defend Obama.

The President doesn't determine the price of gas. The oil companies do.

 

[HenryBHough]

So, lefties, when do you expect Your Kenyan Emperor to nationalize the oil companies?

 

[ABikerSailor]

Yeah.....................sure he will....................

Keep up the fear mongering.

And by the way, even if Keystone XL were to be approved, it would be 5 years before it would be in service, and all the oil is going to be refined and shipped to China and India.

Won't have an effect on gas prices in the least.

 

[bigrebnc1775]

When oil was $140.00 a barrel last summer, big oil was making $100 billion in profits every three months. The cost of oil is cut in half, but oil companies only cut gas 25%, and moron Americans think $3.00 a gallon is cheap gas. When will this country realize that the oil companies are destroying the economy and our lives? The cost of shipping has doubled because of big oil. And that makes the cost of everything more expensive. Have your wages doubled to cover the inflation passed on to you?

Taxes are you forgetting about that?

 

[RoshawnMarkwees]

Tell ya what................compare average gas prices under Jr. and then compare them under Obama.

Guess what? Under Obama they are cheaper.

But...................just like I defended Jr. when people were complaining about gas prices, I'm going to defend Obama.

The President doesn't determine the price of gas. The oil companies do.

LOOKIE here...

California Average Weekly Retail Gasoline Prices

Follow the link from 2001 when W was inaugurated through today. Gasoline prices didn't hit $3 until well into the sixth year of W (when idiot democrats in congress paraded oil execs into their chamber and chided them for being capitalists) but have averaged well above $3 for the hack obama's entire six years.

 

[August West]

So, lefties, when do you expect Your Kenyan Emperor to nationalize the oil companies?

About the same time we run out of morons calling the president a Kenyan...never.

 

[Vigilante]

 

[Roadrunner]

Never a complaint from dems about HER gerrymandered district.

 

[BullKurtz]

Yeah.....................sure he will....................

Keep up the fear mongering.

And by the way, even if Keystone XL were to be approved, it would be 5 years before it would be in service, and all the oil is going to be refined and shipped to China and India.

Won't have an effect on gas prices in the least.

BULLSHIT...Keystone XL refined gasoline and fuel oil will stay right here....only oil going to China are solvents we no longer use. The pipeline is estimated to take TWO years, not 5. And incidentally....the leftists tripe that opening ANWR 1001 would take TEN years was a bold-faced lie....the drillers said 6 years.....that was 6 years ago...we could have all that oil heading to the refineries as of TODAY. These lies are coming from the same crowd who gave you "PEAK OIL" which is also a fantasy....the world has barely dipped into the sea of oil that's down there....and anybody who tells you different has his fingers on your wallet.

 

[thereisnospoon]

When oil was $140.00 a barrel last summer, big oil was making $100 billion in profits every three months. The cost of oil is cut in half, but oil companies only cut gas 25%, and moron Americans think $3.00 a gallon is cheap gas. When will this country realize that the oil companies are destroying the economy and our lives? The cost of shipping has doubled because of big oil. And that makes the cost of everything more expensive. Have your wages doubled to cover the inflation passed on to you?

Actually you really haven't a clue.
Tell me. At what point did oil companies or even OPEC for that matter start setting prices?
When were the commodities exchanges close?
$140? WTI Crude hasn't been $140 since 2008.
Here's an interactive chart. Have fun.....WTI Crude Oil Jan 15 - CL.1 - Stock Quotes
Oh, a note.....Every time you post, you will be fact checked.

 

[thereisnospoon]

Isn't a direct correlation between the price for crude oil and the price for gasoline. Gas is only 3 cents a liter in Venezula. 9 or 10 bucks a gallon in some European countries. Ultimately the price is dependent upon local taxes. Has no correlation to the price of crude.

our gas taxes are a flat dollar tax per gallon...whether oil is more expensive or less expensive....the gvt gets the same....

gasoline prices do relate to the price of oil per barrel, the cost of refinement and speculation.

Where did you say you reside? Maine?
Umm, your state fuel tax is 30 cents per gallon. Plus the Federal gasoline tax of 18.4 CPG....Your gas tax is 48.5 cents per gallon TOTAL..
In fact there is not a state in the union that has a "flat One Dollar" fuel tax...
In fact, no state even comes close to that amount....
Oh....here's a link....Have fun.....http://www.api.org/oil-and-natural-...tistics/StateMotorFuel-OnePagers-Oct-2014.pdf
Where you libs get your information from is a mystery