honda0105
Champion Author
Tallahassee
Posts:18,624
Points:1,609,520
Joined:Nov 2008
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Message Posted: Jun 3, 2010 5:53:23 AM
jzzy: I'd say, add some good supplies, a well oiled PR machinery and a very high dose of greed and you come up with the same.
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honda0105
Champion Author
Tallahassee
Posts:18,624
Points:1,609,520
Joined:Nov 2008
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Message Posted: Jun 3, 2010 5:52:23 AM
katmandue: it hasn't for a long time and there's the proof, isn't it?
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Blue48
Champion Author
Illinois
Posts:7,310
Points:1,638,920
Joined:Feb 2007
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Message Posted: Jun 3, 2010 12:37:43 AM
COOL COMPARISON!
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katmandue
Champion Author
Detroit
Posts:8,071
Points:2,134,120
Joined:Jul 2006
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Message Posted: Jun 2, 2010 7:20:21 AM
The highest supply and the 4th highest prices. Supply side isn't working.
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SpruceGuse2
Champion Author
Michigan
Posts:9,734
Points:2,454,685
Joined:Mar 2006
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Message Posted: Jun 2, 2010 4:31:11 AM
It's today not yesterday.
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wegman
Champion Author
Twin Cities
Posts:7,808
Points:2,088,570
Joined:Jun 2001
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Message Posted: Jun 2, 2010 4:30:54 AM
Re-run from yesterday. And it is pretty good news.
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jzzy2009
Champion Author
Dallas
Posts:2,018
Points:479,335
Joined:May 2009
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Message Posted: Jun 2, 2010 4:24:28 AM
Add in a few smart people with a lot of money, and you can say goodbye to old-fashioned supply and demand.
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computernut2008
Champion Author
Ohio
Posts:6,573
Points:1,350,365
Joined:Oct 2008
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Message Posted: Jun 2, 2010 4:12:44 AM
Hope it stays down for a while
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gougenator
Champion Author
Dallas
Posts:29,854
Points:3,244,925
Joined:Aug 2003
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Message Posted: Jun 2, 2010 4:08:57 AM
maybe were seeing the fall of '08 all over again! when prices plummeted to a buck/half to $2 lower all of a sudden
if its true what theyre saying maybe 1.99 gas might be more a reality within a month from now
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MDTDriver
Champion Author
California
Posts:9,729
Points:2,155,620
Joined:Jul 2006
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Message Posted: Jun 2, 2010 4:01:43 AM
OK so it is down but not enough for me.
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georgeo
Champion Author
California
Posts:4,172
Points:179,115
Joined:May 2009
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Message Posted: Jun 2, 2010 3:56:49 AM
There could be a thousand explanations on why gasoline is so expensive but the short answer is greed. avarice and vengeance.
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gass12
Champion Author
Omaha
Posts:8,394
Points:2,304,690
Joined:Oct 2005
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Message Posted: Jun 2, 2010 3:55:48 AM
The way those figures read Gas should be under $2.00 a gallon.
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JBL2
Champion Author
Little Rock
Posts:2,551
Points:1,065,905
Joined:Sep 2008
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Message Posted: Jun 2, 2010 3:50:45 AM
Prices still are pretty high.
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FASTR1
Champion Author
Michigan
Posts:5,432
Points:870,095
Joined:May 2007
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Message Posted: Jun 2, 2010 3:50:18 AM
2008 was a bad, bad year for gas prices
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ED6
Champion Author
Riverside
Posts:9,484
Points:1,851,130
Joined:Jul 2007
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Message Posted: Jun 2, 2010 3:50:03 AM
I expect the gas to go down more.
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ang2010
Veteran Author
New York
Posts:322
Points:77,175
Joined:Feb 2010
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Message Posted: Jun 2, 2010 3:48:01 AM
well see
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siradrich
Rookie Author
Utah
Posts:69
Points:700,305
Joined:Oct 2006
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Message Posted: Jun 2, 2010 3:43:26 AM
Still over $3/gal average here in Utah. I don't see it myself.
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craigsf38
Champion Author
Rochester
Posts:5,713
Points:1,511,005
Joined:Jun 2008
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Message Posted: Jun 2, 2010 3:42:27 AM
I didnt see any real difference from what I saw last yr memomerial day w/e
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eddmac
Champion Author
Washington
Posts:5,526
Points:1,234,975
Joined:May 2006
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Message Posted: Jun 2, 2010 3:40:23 AM
This weekend I noticed less cars & rvs on the road, or maybe it was just where I was.
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findcheap
Champion Author
Los Angeles
Posts:9,597
Points:2,009,875
Joined:Apr 2007
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Message Posted: Jun 2, 2010 3:40:06 AM
big jump from last year
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DellDude2
Champion Author
Nashville
Posts:9,414
Points:2,122,735
Joined:Aug 2005
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Message Posted: Jun 2, 2010 3:26:23 AM
$3.95/gallon in 2008... not feeling nostalgic for that year!
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BobD2009
Champion Author
Long Island
Posts:6,994
Points:1,240,760
Joined:Apr 2009
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Message Posted: Jun 2, 2010 3:23:51 AM
Lower demand and higher supply equals lower prices. Merchandising 101.
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EXTREMESNOW
Champion Author
Medford
Posts:8,910
Points:1,821,540
Joined:Jul 2006
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Message Posted: Jun 2, 2010 3:13:50 AM
I think the laws of supply and demand have gone out the window in recent years due to, like granitestater mentioned, it costs more to get the oil today than it did in recent years as well.
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ohhellyeah
All-Star Author
Utah
Posts:765
Points:157,010
Joined:Jul 2009
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Message Posted: Jun 2, 2010 3:13:38 AM
Yeah...because since CLEARLY 2006 and 2008's numbers are nearly the same...yet $1.12/gallon difference means there's NOOOOOO speculation involved....none at all...(extremely sarcastic just in case that wasn't obvious), haha. This is exactly why I bought a hybrid...so I don't have to buy gas very often!
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UseLessGasFolks
Champion Author
Iowa
Posts:5,450
Points:1,296,805
Joined:Jul 2007
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Message Posted: Jun 2, 2010 3:10:45 AM
Want to see gas prices go lower? Quit driving so much and get your family and friends to drive less also.
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neemund
Champion Author
Seattle
Posts:6,551
Points:1,545,520
Joined:Jan 2007
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Message Posted: Jun 2, 2010 3:10:07 AM
Just think, the government which doesn't add any value in the production process, receives more profit per gallon of gasoline than any single entity in the supply chain. Pumping the oil, transporting the oil, refining the oil, transporting the oil products, and selling the oil products each earn less profit than the current taxes. A company may earn more profit if they control multiple steps along the supply chain. But profit margins are not very high in the oil industry, they have huge profits because they are making a few cents per gallon when they manage to sell fuels by the billions of gallons every week.
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altonb1
Champion Author
Pennsylvania
Posts:9,336
Points:1,521,545
Joined:Jul 2005
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Message Posted: Jun 2, 2010 3:02:07 AM
Supplies are the highest they have been in the last 10 years, yet prices are also up. Obviously someone is getting rich on our backs.
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comprof
Champion Author
Houston
Posts:6,861
Points:1,357,665
Joined:Jul 2009
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Message Posted: Jun 2, 2010 3:00:55 AM
Not really a lot of variation but more people each year.
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Powerstroke73L
Champion Author
Sacramento
Posts:2,816
Points:731,150
Joined:Jul 2008
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Message Posted: Jun 2, 2010 2:57:32 AM
granite just answered part of my question and I do agree that it costs more to get it out of the ground in certain places but...
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Pozole
Champion Author
Portland
Posts:9,597
Points:1,594,520
Joined:Mar 2005
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Message Posted: Jun 2, 2010 2:53:46 AM
...let's get the criminal oil spillers and speculators out of the picture and we'll all live a lot better...
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Powerstroke73L
Champion Author
Sacramento
Posts:2,816
Points:731,150
Joined:Jul 2008
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Message Posted: Jun 2, 2010 2:53:09 AM
my2002m - they used to base their prices on the old "supply and demand" axiom. What are the other parts of the equation?
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granitestater
Champion Author
New Hampshire
Posts:8,829
Points:1,431,725
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Message Posted: Jun 2, 2010 2:51:24 AM
Supply has nothing to do with price! It's like the price of steel versus gold. The oil we get today comes from expensive wells. ( see: Deepwater Horizon, e.g. )
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speedys
Champion Author
Utah
Posts:7,017
Points:2,558,885
Joined:Nov 2005
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Message Posted: Jun 2, 2010 2:33:45 AM
We have a good supply but prices are still high.
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my2002m
Champion Author
Tulsa
Posts:6,074
Points:1,670,300
Joined:Jul 2008
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Message Posted: Jun 2, 2010 2:24:35 AM
Gas supply is only part equation.
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Powerstroke73L
Champion Author
Sacramento
Posts:2,816
Points:731,150
Joined:Jul 2008
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Message Posted: Jun 2, 2010 2:23:01 AM
Inventory is 10% HIGHER than it was 10 years ago and prices are UP 75% over the same period.....
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cutter1330
Champion Author
Oklahoma
Posts:8,035
Points:1,694,115
Joined:Jul 2005
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Message Posted: Jun 2, 2010 2:22:04 AM
Dropping here...and needs
to keep doing that for a
while.
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TPlayer
All-Star Author
Fort Wayne
Posts:578
Points:153,725
Joined:Jan 2010
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Message Posted: Jun 2, 2010 2:16:51 AM
Prices here dropped .50 cents from the 2nd week of May to Memorial day... after spiking to $2.95 we are at $2.45...
The chart shows supplies within the same range for the last ten years with shows that demand here in the U.S. hasn't changed much but gas prices have... mostly speculumators doing it to us...
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EcoVore
Champion Author
Los Angeles
Posts:3,538
Points:728,775
Joined:Jun 2008
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Message Posted: Jun 2, 2010 2:13:02 AM
$2.60 here? That will have to be seen to be believed.
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CruisinLinda
Champion Author
Tallahassee
Posts:7,947
Points:1,621,420
Joined:Sep 2005
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Message Posted: Jun 2, 2010 2:10:24 AM
The chart show supply does not correlate with price.
And $2.50 per gallon should not result in a loss to retailers because the drop in oil price of $20 per barrel is 50 cents per gallon.in contrast we've seen only a 20-cent drop in price. Who's pocketing the difference?
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Saturn93
Champion Author
Salt Lake City
Posts:7,292
Points:1,640,885
Joined:Oct 2006
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Message Posted: Jun 2, 2010 1:58:00 AM
Now show what the demand is. Remember: supply AND demand.
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grouch311
Champion Author
Peoria
Posts:6,378
Points:1,573,630
Joined:Jun 2007
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Message Posted: Jun 2, 2010 1:49:48 AM
there is no limit
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RENEGADEGAS
Champion Author
Missouri
Posts:14,918
Points:1,592,200
Joined:Jul 2008
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Message Posted: Jun 2, 2010 1:49:36 AM
raleightom...If this administration spent money like it ought to, it may not be so bad to contribute in some way to making America great. However racking up 12 trillion dollars of debt to saddle our children and grand children and great grandchildren with is not my idea of knowing what to do with money. Smacking people with increased rates and higher taxes dosent show me a government that knows what they are doing. Your point is well taken though that the other option is to give it to "big oil". Of the two, I would have to say "big oil" as they are at least creating jobs and in a small way helping out Americans that work for them which is more than I can say for the other option.
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bobdec
Champion Author
Miami
Posts:8,969
Points:1,770,795
Joined:May 2008
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Message Posted: Jun 2, 2010 1:49:27 AM
Greed keeps prices up
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genef01
Champion Author
Nashville
Posts:2,611
Points:834,680
Joined:Jul 2008
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Message Posted: Jun 2, 2010 1:46:08 AM
I'm with you, MINER!
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Blue_Cruzer
Champion Author
Lexington
Posts:7,525
Points:1,670,560
Joined:Mar 2007
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Message Posted: Jun 2, 2010 1:39:10 AM
I would like to see prices a lot lower than what is projected.
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Jeannemarie
Champion Author
Las Vegas
Posts:27,700
Points:2,035,640
Joined:Aug 2005
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Message Posted: Jun 2, 2010 1:35:25 AM
Not for us. Why go somewhere when we are in America's grownup playground?
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georgeo
Champion Author
California
Posts:4,172
Points:179,115
Joined:May 2009
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Message Posted: Jun 2, 2010 1:34:43 AM
The fallacy of a need for taxes to fix our roads is long one. They been playing that tune in good and bad economies. Its like a shell game where is the tax revenue going.
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genef01
Champion Author
Nashville
Posts:2,611
Points:834,680
Joined:Jul 2008
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Message Posted: Jun 2, 2010 1:31:19 AM
RENEGADEGAS, don't forget the Chosen One said when he took office that he thought gasoline ought to be around $3.50-4.00 to "encourage" drivers to buy more economical vehicles and use less gasoline.
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raleightom
All-Star Author
Raleigh
Posts:765
Points:215,710
Joined:Nov 2007
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Message Posted: Jun 2, 2010 1:30:47 AM
Who would you rather pay "Big Oil" or "Uncle Sam" ? I choose the latter. We know what "Big Oil" does with profits ! Why not let government spread it around a little ?Prices here are going back up already !
Better fill up now and fill those spare storage tanks too; before it's too late ;)
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spike1zz
Champion Author
Indiana
Posts:11,143
Points:1,621,695
Joined:Oct 2008
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Message Posted: Jun 2, 2010 1:28:08 AM
Except for the gouging taxes, gas prices would be way down
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