we really stuck it to 'em on May 15, the anti-gas day, huh?

[red states rule]

I was just called by the CEO of Exxon begging me to gas up or he wouldn't be able to pay for his vacation.

 

[90K]

yeah I didn't gas up and the gas prices raised 5 cents anyways!
And get this the American people aren't going to stay home next weekend no matter the gas prices.... So they all need to STFU over the prices if they can't make a stand against this crap. I mean actually it wouldn't matter because the gas companies are going to do as they please because it is about supply and demand. if we don't use it then india or chinar will!
right?

 

[red states rule]

yeah I didn't gas up and the gas prices raised 5 cents anyways!
And get this the American people aren't going to stay home next weekend no matter the gas prices.... So they all need to STFU over the prices if they can't make a stand against this crap. I mean actually it wouldn't matter because the gas companies are going to do as they please because it is about supply and demand. if we don't use it then india or chinar will!
right?

What crap?

The oil companies are not raising the price for bigger profits

The oil companies make only ten cents per gallon profit

 

[90K]

right
Granted we have taxes but the oil companies are making a killing and always have.

 

[red states rule]

right
Granted we have taxes but the oil companies are making a killing and always have.

If you consider a profit margin on ten cents a gallon a killing

 

[90K]

If you consider a profit margin on ten cents a gallon a killing

look at how many filling stations there are along the I-95 corridor for example and then multiply that by the rest of the country.

 

[red states rule]

look at how many filling stations there are along the I-95 corridor for example and then multiply that by the rest of the country.

The stations make a few cents per gallon profit at best

Reports show the high gas prices are NOT making people use less

Record demand, record sales = record profits

 

[90K]

agreed and the demand is in those "now" advancing countries that use oil for plastics, materials, and fuel for all types of needs in that area so it is a vast concern when using the words supply and demand

 

[red states rule]

agreed and the demand is in those "now" advancing countries that use oil for plastics, materials, and fuel for all types of needs in that area so it is a vast concern when using the words supply and demand

If people want lower gas prices - build more refineries

 

[90K]

That has been my argument for a long time and I point to California not only about more refineries but power plants, different topic but same complaint!
More refineries means less stress to supply the demand! Would seem to me that would be the easiest answer, but the catch is all the political horseshit that is involved in the process.......

 

[Diuretic]

Does that mean that the prices are raised in an inflationary manner because of capacity constraints? Same thing's happening here, the prices are about to get even worse. I have no idea why. But then I think I'm punch drunk from just watching the prices keep going up for no apparent reason.

 

[red states rule]

That has been my argument for a long time and I point to California not only about more refineries but power plants, different topic but same complaint!
More refineries means less stress to supply the demand! Would seem to me that would be the easiest answer, but the catch is all the political horseshit that is involved in the process.......

The tree huggers are more worried about knocking over an anthill then lowering the price of gas

 

[red states rule]

Does that mean that the prices are raised in an inflationary manner because of capacity constraints? Same thing's happening here, the prices are about to get even worse. I have no idea why. But then I think I'm punch drunk from just watching the prices keep going up for no apparent reason.

There is no problem with the supply of opil

The problem is lack of more refinery capacity

 

[red states rule]

Gas Pump Posturing
By George Will

WASHINGTON -- Democrats, seething at the injustice of gasoline prices, have sprung to the aid of embattled motorists. So resolute are Democrats about defending the downtrodden, they are undeterred by the fact that motorists, not acting like people trodden upon, are driving more than ever. Gasoline consumption has increased 2.14 percent during the last year.

That probably is explained by the inconvenient (to the Democrats' narrative) truth that Speaker Nancy Pelosi was characteristically overwrought when she said that Democrats intend to do this and that because the price of gasoline recently "set a record" at $3.07 a gallon. In real (inflation-adjusted) rather than nominal dollars, $3.07 is less than gasoline cost in 1981.

Pelosi vowed, as politicians have been doing since President Nixon set the fashion, to achieve "energy independence." Such vows are, as Soviet grain production quotas used to be, irrational reflexes that no serious person takes seriously. Pelosi baldly asserts that "energy independence is essential to reducing the price at the pump," but does not say how.

As Steven Hayward of the American Enterprise Institute notes, there is no yearning for national self-sufficiency concerning other essential goods, such as food, automobiles, airplanes or medicines. Are Democrats worried about security of oil supplies? In some ways, Hayward says, America's energy supply is more secure than it was in the 1970s, partly because "since 1975, energy consumption per unit of gross domestic product has fallen 48 percent." Furthermore, "oil represents a shrinking share of total U.S. energy consumption -- from 44 percent in 1970 to 40 percent in 2005." The oil America consumes -- only one-eighth of which comes from the Middle East -- is used almost entirely in transportation, and accounts for about 40 percent of energy uses. Half of America's electricity is generated by coal, of which America has a huge abundance.

America has about 22 billion barrels of "proven" oil reserves, defined as "reasonably certain to be recoverable in future years under existing economic and operating conditions." In addition, there are an estimated 112 billion barrels that could be recovered with existing drilling and production technology. Make that, with existing drilling and production technology -- and fewer Democrats like Pelosi who, while promising energy independence, are opposed to any drilling in the Arctic National Wildlife Refuge and much drilling offshore, where 87 billion of the 112 billion barrels are located, as is much of the estimated 656 trillion cubic feet of recoverable natural gas.

Pelosi announced herself "particularly concerned" that the highest price of gasoline recently was in her San Francisco district -- $3.49. So she endorses H.R. 1252 to protect consumers from "price gouging," defined, not altogether helpfully, by a blizzard of adjectives and adverbs. Gouging occurs when gasoline prices are "unconscionably" excessive, or sellers raise prices "unreasonably" by taking "unfair'" advantage of "unusual" market conditions, or when the price charged represents a "gross" disparity from the price of crude oil, or when the amount charged "grossly" exceeds the price at which gasoline was obtainable in the same area. The bill does not explain how a gouger can gouge when his product is obtainable cheaper nearby. Actually, Pelosi's constituents are being gouged by people like Pelosi -- by government. While oil companies make about 13 cents on a gallon of gasoline, the federal government makes 18.4 cents (the federal tax) and California's various governments make 40.2 cents (the nation's third-highest gasoline tax). Pelosi's San Francisco collects a local sales tax of 8.5 percent -- higher than the state's average for local sales taxes.

Pelosi and others who just know, evidently intuitively, the "fair" price of gasoline must relish what has happened in Merrill, Wis., where Raj Bhandari owns a BP gas station. He became an outlaw when he had what seemed, to everyone but the state's government, a good idea. He gave a discount of 2 cents per gallon to senior citizens and 3 cents for people who support local youth sports programs.

But Wisconsin's Unfair Sales Act requires retailers to sell gasoline for 9.18 percent above the wholesale price. The state's marvelously misnamed Department of Agriculture, Trade and Consumer Protection has protected consumers from Bhandari's discounts by forcing him to raise his prices. Some customers now think he is price gouging.

Some Wisconsin legislators are considering changing the Unfair Sales Act to allow retailers to discount gasoline to benefit things those legislators think should be benefited. In Madison, Wis., as in Washington, D.C., it is considered eccentric to think that government should butt out, let people buy and sell as they please, and let markets equilibrate.

[email protected]
http://www.realclearpolitics.com/articles/2007/05/post_33.html

 

[Diuretic]

There is no problem with the supply of opil

The problem is lack of more refinery capacity

That's what I mean about capacity constraints.

 

[red states rule]

That's what I mean about capacity constraints.

and the tree huggers try to black every attempt to build more

 

[90K]

When I look around at all the cars and trucks, aircraft it isn't hard to understan the need for demand. But when viewing the different grades of petrol needed and having to haggle over environmental issues, and knowing full well that we have made great strides in reducing waste and pollution how can these tree huggers have the power that they do? I know they drive cars and trucks, used chainsaws. Have electricity and whatnot and I've very much for conservation of our lands plants and animals but something has to give! And how can you really expect Chinar and India to follow strict codes on pollution and conservation while making a mint producing shit for us in the West?

 

[red states rule]

When I look around at all the cars and trucks, aircraft it isn't hard to understan the need for demand. But when viewing the different grades of petrol needed and having to haggle over environmental issues, and knowing full well that we have made great strides in reducing waste and pollution how can these tree huggers have the power that they do? I know they drive cars and trucks, used chainsaws. Have electricity and whatnot and I've very much for conservation of our lands plants and animals but something has to give! And how can you really expect Chinar and India to follow strict codes on pollution and conservation while making a mint producing shit for us in the West?

Libs want all of us to ride around in lawn mowers with bucket seats

Only the limo libs will riding in around in their car of choice

 

[Shattered]

If I can stand between 2 gas stations half a block apart, and pay $3.49 at one and $3.34 at the other, someones gouging something. Gas station #1 is a Speedway with a full store and deli attached. Gas station #2 is a Mobil, which may or may not contain a coffee machine, and a soda fountain.

MY guess would be that Speedway is tacking extra nickels on to the price of their gas if they're not happy with their food sales for the day.

 

[90K]

What gets me is when I'm at the Wawa I can see the truck hooking up to fill the tanks and I'm filling up and I can see the price change at the same time....WTF over? I don't drive a gas guzzler and I try and keep my foot out of it except last week in going and coming from South Carolina and my truck still averaged 20 MPG at 75~80 miles per hour. But normally I keep it well with in legal speeds. But if I'm or if we are to pay for these prices then we as a nation better cough up some more efficient vehicles to drive.