STORM2K

GAS PRICES

Dirty rotten piece of **** I hope to heck that ONE of these days these damn oil companies have to answer for this BS, gas prices up here just hit 1.79 gal for the cheap stuff, 1.99 for premium :o WHY????

Dennis

It's time to park the Ram and hitch up Ol' Blaze to the buckboard! Of course with the price of winter hay now $9.50 for a 3 wire bale of mixed alfalfa, timothy and oat :o

Dennis

Sounds like they got you coming and going Azsnowman. We're at 1.69 for the cheap stuff and 1.89 for high test. I hope they fry some of the oil company execs too...

mf_dolphin wrote:Sounds like they got you coming and going Azsnowman. We're at 1.69 for the cheap stuff and 1.89 for high test. I hope they fry some of the oil company execs too...

do you or the networks give the oil companies credit when they bring down gas prices? if you think the oil companies are causing the prices to rise to make money, then you must also think the oil companies intentionally lose money when they lower prices. of course, factors beyond the oil companies control can be at play in both cases.

Oh yeah! When have you ever heard of an oil company losing money. The price dramatic increase of oil prices lately is because of speculation in the oil markets and has absolutely nothing to the actual price or availability of oil. They are using the possible increase of oil in the near future to rape people at the pumps now. I will bet you 100.00 that the prices don't come down as fast as they went up regardless of the supply situation.

use less gas

That is a great idea. I think I will walk the 45 miles to college on Monday! Hey Chad...want to walk with me. In fact, we could skip together all the way to the front door.

For some of us it is a necessity!

Reg. Unleaded is now 1.59 here.

Uhh, oil companies do lose $$ when gas is cheap. I live in an area that is highly dependent on the oil companies and we have had many oilfield layoffs because of low prices. During the 80's there was a major recession in the oilfield south (New Orleans, Lafayette, Houston) and many of our friends were jobless, some for a couple of years.

While I understand that US oil producers may lose money during the lower price periods the major oil conglomerates dont. Look at their profits!

rainstorm wrote:

mf_dolphin wrote:Sounds like they got you coming and going Azsnowman. We're at 1.69 for the cheap stuff and 1.89 for high test. I hope they fry some of the oil company execs too...

do you or the networks give the oil companies credit when they bring down gas prices? if you think the oil companies are causing the prices to rise to make money, then you must also think the oil companies intentionally lose money when they lower prices. of course, factors beyond the oil companies control can be at play in both cases.

The Ex Wife just got back from the SF bay Area...Gas Unleaded Reg:2.31
Primo:2.59
Count our blessings in comparison,for now.As a Biz man,the theory of greater supply/demand=lower prices is not being applied.Cali is by far the largest user of gas per capita in the US..so I ask.The same Q as Dennis.Why?
Answer:Greed

I agree Arizwx... it is nothing but greed, pure and simple. We have ample oil reserves right here in the United States to "offset" costs in case of war. This same thing happened during the Gulf War. Unfortunately, President Bush Sr. did not tap into our reserves to lower the gas prices, which in turn cost him the election. Why? Because the economy was in the same shape then as now. Bush Jr. better tap into those reserves before the economy gets even worse. I love our President and stand behind everything he stands for, including Saddam. BUT, when it comes to the economy and my cost of living then that prevails over any war with Saddam. My point is, he better think of this economy and tap into those oil reserves. All in all, people care about the cost of living too.

If that happens, I hope my wells get opened...I could really use the royalty checks.

snip <Dirty rotten piece of **** I hope to heck that ONE of these days these damn oil companies have to answer for this BS, gas prices up here just hit 1.79 gal for the cheap stuff, 1.99 for premium WHY???? >

you'll get your answer when the big oil conglomerates (exxon-mobile, bpAmaco, Chevron-texaco) show record profits.

i agree that bush should open up the strategic reserve. thats what it is there for, times of national emergency and such (and pending war certainly qualifies)

but to do that would hurt his buddies in the oil industry


peace
david

streetsoldier wrote:If that happens, I hope my wells get opened...I could really use the royalty checks.

Amen!! My in laws have several wells on their property in Kansas and when the price is up the royalty checks get bigger!!

On the other side 1.59/gal still feels like I'm getting screwed without a kiss!!

Yeh the west is getting a raw deal outta this one.

mf_dolphin wrote:Oh yeah! When have you ever heard of an oil company losing money. The price dramatic increase of oil prices lately is because of speculation in the oil markets and has absolutely nothing to the actual price or availability of oil. They are using the possible increase of oil in the near future to rape people at the pumps now. I will bet you 100.00 that the prices don't come down as fast as they went up regardless of the supply situation.

The prices never do come down as quickly as they go up. Our mid-grade gas is 1.59 p/gallon now.

CajunMama - I understand that there are layoffs when the oil is cheap - less demand. However, I wonder if the big execs in charge of these conglomerates were laid off too or possibly didn't get their bonus those years since they were losing money...

WX - LOL!!!! I drive to work 50 miles to Atlantic City. I may as well just get a room.

President Bush does have a full plate, but the economy should be a priority too to him. Those tax cuts are not cutting it!

Regarding domestic production, I thought that it was price sensitive. I had heard once that the easy to extract oil has been pretty much extracted, and that the remaining oil is progressively harder (more expensive) to extract. (even though there's lots of it) So when prices are high, domestic production picks up. Conversely, when prices are low, domestic production drops. That would be consistent with what Cajun Mama said above.

Here's a perverse way to look at this: What's wrong with using up the overseas oil when its cheap. That conserves our domestic supplies!

My own view is that for the most part we make choices about where we live, where we work, where we go to school, and how we get there. Nobody owes us an easy life and there's no guarantees that things won't change. If we live far away because of cheaper living expenses, then thats the choice we make. I live 7 miles from my work, and I can ride my bike or take a bus. My wife wants to move about 35 miles away where I'd be totally dependent on our aging cars. I am resisting that. Americans hate to face the consequences of their own choices and love to blame others.

$1.69 for reg. unleaded up here. Talk at work is it will get a lot higher if we do go to war. Garrett is right about need, can't Run fire trucks off of air or say sorry dispatch we just don't have any gas, maybe we can make it tommorow.

$1.60 here

Our mid-grade gas is 1.59 p/gallon now.

Your getting off easy