The Price of Gas

[furiouslyfaster]

So Gas prices are getting a little out of control in my opinion. I just wanted to talk about it. Discuss, complain, whatever I just wanna talk about it to get if off my chest and also to see what you guys think about it. I am a little concerned about it especially after hearing that it most likely will get even worse. I don't know a whole lot about what is going on just know I wanna talk about it, maybe do some research and learn some stuff.

[Pitbull1052]

Here's what I don't understand I started driving about 20 years ago gas was .88... what has changed in gas that it had a 400% increase...... it's not like they are running out of the stuff as they didnt seem that concerned about stopping the millions of barrels that went into the gulf......

[5.0calypso93lx]

I'm just glad I traded for this Escort!

[blowncobra]

I heard on the news last night their already predicting $6.00/gal by mid summer!! Glad my little civic gets 420 miles to a tank. And it's already jumping like crazy and if it keeps this shit up Orange won't leave the garage which really blows!!!

[Kevin1989]

it jumped 15 cents in a day. It's fucking ridiculous. And I have a hard time believing they ant do anythinf about it, I mean seriously 15 cents in one day. What the fuck changed yesterday that was sooo drastic that it jumped... I think they just wanna see if well pay it.... I'm glad I have a 4cyl ranger to drive everyday.

[Stangman]

I think I will just commit suicide and not worry about it. Lol j/k

When I started driving it was 1.19/1.09. I find this to be severe bullshit.

My truck gets 19mpg's on a good day.

The way I see it, Obama is pushing for more fuel efficient vehicles for a few reasons:

1. To sell more NEW cars and make you go in debt. (Because after all, if you buy a new car, you are supporting unions, and obama supports unions, and it gets your old car off the road in theory.)

2. To get all older vehicles that get less than desireable mileage (by todays standards) since, ya know, old cars are evil and pollute the atmosphere and are the spawn of the devil, and eat babies

3. To justify the price of expensive gas, and the price never to come down. And to never do a damn thing about it. (Because after all, the new car you just went in debt over, that supported the union workers that support obama, gets better mileage so, we wont cry about gas prices right? )

wtf ever. I don't know who or what to believe anymore

[cstreu1026]

Here's what I don't understand I started driving about 20 years ago gas was .88... what has changed in gas that it had a 400% increase...... it's not like they are running out of the stuff as they didnt seem that concerned about stopping the millions of barrels that went into the gulf......

There is not a lot of excess supply in the market like there was back then. The demand has increased steadily over the last 20 or 30 years. I read yesterday that China is adding 800,000 new vehicles to their roads every year. I am sure India is up there too. Combine that with the turmoil in just about every oil producing region of the world that could upset the delicate balance of supply and demand and you get higher and higher prices. Oh yeah don't forget inflation. Oil, like many commodities, is traded in US dollars between the natural inflation that occurs and the government caused inflation from QE1, QE2, and other questionable monitary policies.

$4 sucks but I think $5 will be be the breaking point for the US economy. On the bright side I might be able to use fuel prices to justify a 4 day work week. :coo1:

[INSANEBA]

Well if you were an Obama supporter (aka FACKING MORON) then you would know this was one of his preferences/goals. He figures Canada pays $6 a gallon, and isint broke. He also likes the health care system they have up there as well. So why not have those things here. Not to mention the higher fuel prices drive costs up on everything, because they too rely on fuel. So once again, thanks to all the "first time voters" and mis-informed voters, oh and the racially biased voters that pushed his worthless ass into the oval office. YOU GOT EXACTLY WHAT YOU WANTED, CHANGE!!!!

[1992MustangDW]

everyone will be buying the new volt. we got a chance to check one out yesterday. pretty sweet ride.

[duststang]

There is not a lot of excess supply in the market like there was back then. The demand has increased steadily over the last 20 or 30 years. I read yesterday that China is adding 800,000 new vehicles to their roads every year. I am sure India is up there too. Combine that with the turmoil in just about every oil producing region of the world that could upset the delicate balance of supply and demand and you get higher and higher prices. Oh yeah don't forget inflation. Oil, like many commodities, is traded in US dollars between the natural inflation that occurs and the government caused inflation from QE1, QE2, and other questionable monitary policies.

$4 sucks but I think $5 will be be the breaking point for the US economy. On the bright side I might be able to use fuel prices to justify a 4 day work week. :coo1:

:wstupid:
Also the value of the US dollar is getting weaker and weaker. (Keep printing money that we don’t have) one reason for oil, gold, exports and everything keep going up except pay checks. US is competing on a global basis which means when the value of the dollar falls the prices go up. A few years ago $1.00 was worth 135 Yen now $1.00 is worth 82 Yen, just example.
They refuse to produce more oil because they say the demand is not there. They want the oil and gas prices crazy high. I mean seriously look at the profits they are making, within 4 months they are making another $1.50 per gallon which cost people alot more. (cost me about extra $5 per day to and from work) Saudi prince has to pay for his all gold cars and stuff. needless to say that US should expect to see higher foreclosures due to the gas prices. High gas prices means higher food, transportation etc. Almost every time gas jumps the economy recesses.
?? THIS JUST MY OPINION ??

[Yellow98Cobra]

Obama just wants to jack gas prices, so companies have to lay off more people. He hates this country and wants to ruin it.With gas prices increasing any form of economic reform we be put on the back burner.

[duststang]

I liked this email. I tried to shorten it up.

> > Forward this email.
> > This country needs to start supporting America and creating our own jobs!
> > If America doesn't start manufacturing and selling then we are going to go bankrupt.
> > Truth is that if you purchase a house and your payment is $1000 monthly. Your income is $600 so you take $400 out of savings to make your payments eventually you will be bankrupt. (fair trade not so fair for America)
> > America also keeps borrowing more money than they can repay. (head towards bankrupt)
> > I am just the average American citizen and this is what I see is happening to America.
> > America produces very little if anything anymore. (very little income)
> > America only consume. (much spending supporting other nations)
> > America is a nation that depends on all other nations. (Weak)
> > American people look for our leaders to fix and tell us what, when, how to do.
> > Large population dependant on Government, like 6 out of 10. (controlled / helpless)
> > Ironic that we the free American Citizens’ are constantly becoming less free. (headed towards dictatorship? might take a while)
> > I know you are thinking this is easier said than done! True but people need to make a conscious effort to support this country, not only because it is that right thing to do. Look at everything that is on the line that could be lost.
> > Daily people support every other country except the one that they live in and reap all the benefits of. I have notice that people do not intentionally do this but are busy with day to day work and uneducated in the facts. The majority of people do not realize how these things directly impact them and their children’s lives. It doesn’t affect me “who cares”, well it will eventually affect you and then you will ask “WHY” what happened?
> > United States cannot continue its current path “the well has went dry”. I feel sorry for all the younger generations that will pay for everything currently happening and has been happening for a while.
> > Do you make enough money to live? Would you like to make less money? If United States continues its path most American’s are guaranteed to have less money to live on. The fair trade agreement opens global markets which now America is competing with. Most competitive countries pay almost nothing for labor and to compete America will eventually need to do the same.
> > Now is the time for our nation to start taking care of its self. We have taken care of the entire world now who is returning the favor?
> > I hope that I did not offend anyone but this is the truth! If you agree please forward, if you do not agree please delete.

[GREAZY]

I think the current spike in gas prices will bring on the "double dip" in the economy that has been specualted to happen.

Back around 98 Meijer and Thortons on 28 in Milford were at
$.76 per gal. Today $4.15 per gal. over 5x the cost in 13 years. I wish my income would go up like that for no reason.

[89notch]

Obama just wants to jack gas prices, so companies have to lay off more people. He hates this country and wants to ruin it.With gas prices increasing any form of economic reform we be put on the back burner.

This made me laugh :lol:

Him and Bush must be in it together
July 7, 2008—Crude oil prices settled-in at a new record of $147 per barrel. The U.S. average price for regular gasoline climbs to an all-time high of $4.11 per gallon. Road trip style vacations are put on hold for many summer travelers.

Its funny when Bush was in office everyone had a conspiracy theory of him owning oil comanys and driving prices up. Now that he is gone and prices are back up its a conspirecy of Obama and his hate for this country.

After all Obama isnt even a us citizen :rolleyes: I remember that conspiracy theory also.

[NXcoupe]

Obama needs to step up and put a limit on how high oil speculation in the stock market can get over actual prices. You guys are missing it all! OPEC has not raised pricing, the guys in wall street are running the speculative pricing up and making billions doing it. The fuel doesn't cost that much, it's not going to cost that much. That last time this happened 2 years ago, it was wall street then too, oil trading at 140+ a barrel. Put the limits back in place, place the blame where it belongs, american greed.

[furiouslyfaster]

Holy crap didn't expect this much feedback this soon lol. I have heard so many things about the gas prices like there really isn't even a shortage. My father in law watched a show that had something to do with germany back in WWII and how the world cut them off from things like oil and stuff blah blah blah long story short the show made the point that there is plenty of oil it is just deeper than what people are drilling. Now I don't know if that is true and don't know if anybody knows anything about this but it is so retarded to watch our country get worse and worse everyday. Kinda seems like we are losing our voice in this country.

[NXcoupe]

actually, oil wells that were capped because they were empty are now producing at their old rates again after sitting for years. this shit is not something that was made and then stopped, it's a continuing process, it's just that we are using it at a rate that is going to eventually outpace the natural production.

[Stangman]

Mike is right. Read this article. Its a long read but worth it.

http://www.cpeterson.org/2011/03/10/why-gas-is-so-expensive-today-hint-its-not-libya/

[04 Venom]

Obama needs to step up and put a limit on how high oil speculation in the stock market can get over actual prices. You guys are missing it all! OPEC has not raised pricing, the guys in wall street are running the speculative pricing up and making billions doing it. The fuel doesn't cost that much, it's not going to cost that much. That last time this happened 2 years ago, it was wall street then too, oil trading at 140+ a barrel. Put the limits back in place, place the blame where it belongs, american greed.

You are right--it is the speculators driving up the price, but exactly how does the President stop it? He can't prohibit the trading of a given commodity unless he declares a state of emergency and shuts the commodity markets down. What do you think would happen to the price of gas then?

If you have a 401(k), your porfolio manager has probably bought or sold gas futures on the commodity market. The big institutional investors (pension funds) and hedge funds certainly are buyng and selling the futures and driving the price up further. The good news is, the bubble will eventually burst and the price will come crashing back down. Those that got in late will get slaughtered. This is an example of pure greed, not a supply shortage or insufficient refinery capacity.

[Stangman]

After reading the link I posted, I completely agree with you, Venom

[smytty]

What i dont understand is the last time it hit $4 a gallon, a barrel was close to $150, now its $4 a gallon and the barrel is only at $112.. Why the diff ?

[Stangman]

Its the speculators in the stock market. I didn't understand either at first. That link I posted explained a lot

[furiouslyfaster]

I will have to read that link Jesse thanks for posting that. I remember when i first got my license and I had a 95 escort and 17 bucks would fill that thing up when it was on empty. Now my truck has a huge 36 gallon tank. Not to wine about it but when I fill up my tank when I hit certain prices i like to mention other things I coulda bought with that much money lol...... 40 Bucks - nice dinner at longhorn...... 60 Buck - New Xbox 360 Game....... 80 Bucks - A couple boxes of .223 ammo for my AR-15........ 100 Bucks - Ok I think that's enough gas for now lol.

[Stangman]

I got my license at 17, and 8 dollars would give me almost a half tank in my '77 Mustang II

[furiouslyfaster]

I remember your mustang II what happened to it

[02mingryGT]

everyone will be buying the new volt. we got a chance to check one out yesterday. pretty sweet ride.

http://www.businessinsider.com/consumer-reports-volt-2011-3

[02mingryGT]

You are right--it is the speculators driving up the price, but exactly how does the President stop it? He can't prohibit the trading of a given commodity unless he declares a state of emergency and shuts the commodity markets down. What do you think would happen to the price of gas then?

If you have a 401(k), your porfolio manager has probably bought or sold gas futures on the commodity market. The big institutional investors (pension funds) and hedge funds certainly are buyng and selling the futures and driving the price up further. The good news is, the bubble will eventually burst and the price will come crashing back down. Those that got in late will get slaughtered. This is an example of pure greed, not a supply shortage or insufficient refinery capacity.

Ding ding ding and we have a winner. The only thing the President or the government has control over would be price gouging. Pure greed destroyed the housing market as well along with ill-advised federal policies.

[85_SS_302_Coupe]

The rich get richer, the poor get fucked. Welcome to planet Earth.

[HRSEPWR]

Hey guys, I too hate the rising cost of fuel but it could be worse right now... I am currently in Switzerland for business and the gas prices are 1.8 per liter. So 3.8L = 1 gal, which means they are paying 6.84/gal. So unfortunately as much as I hate to say it, we are still getting a "deal" compared to other countries... :mad:

[furiouslyfaster]

Wow that is terrible

[85_SS_302_Coupe]

Well to that i have to say, the price of gas in Saudi is like .30 cents a gallon, so i'm still calling bullshit on gas prices.

[Rich]

I posted this back in 2008 and it remains true today...

"Make the speculators actually purchase the oil they "bid". It is currently done on a paper system and they never handle the oil themselves. They are "middlemen" that are not needed. In fact, without them competition increases, which is always good for consumers."

Also, this is a very good read. It's long but very educational.
www.wtrg.com/prices.htm

[NXcoupe]

You are right--it is the speculators driving up the price, but exactly how does the President stop it? He can't prohibit the trading of a given commodity unless he declares a state of emergency and shuts the commodity markets down. What do you think would happen to the price of gas then?

If you have a 401(k), your porfolio manager has probably bought or sold gas futures on the commodity market. The big institutional investors (pension funds) and hedge funds certainly are buyng and selling the futures and driving the price up further. The good news is, the bubble will eventually burst and the price will come crashing back down. Those that got in late will get slaughtered. This is an example of pure greed, not a supply shortage or insufficient refinery capacity.

It was regulated up until a few years ago. They could not raise the price higher than a certain percentage above what the oil was actually costing or something to that effect. The president can enact it just as it was lifted by a president. I think it was a foolish act to allow greedy sob's to raise and lower our fuel prices at their whim. Guys that have outrageous amounts of money can raise the price by buying up huge amounts, then wait for the idiots that jump on the bandwagon to drive it up more, then sell their shares as the price still increases, by the time everyone realizes what happened, they are out with all their money and profit and the smaller guys get zapped.

[Stangman]

I remember your mustang II what happened to it

I still have it. I need to hurry up and put my fox on 4 wheels so I can garage it again. Its getting a little rusy :(

[Mista Bone]

laugh at my 43 mpg pocket rocket now!!!!!

Also consider I bought 50+ gallons of fuel this week for it!

Tonight was the first time I paid over $4 for a gallon of gas.

[85_SS_302_Coupe]

Wait i thought it got 80mpg?

[djom1cincy]

The real kicker is the u.s. has the 2nd or 3rd largest supply of oil in the ground. Russia has the most then us and Saudi or vise versa. There are so many regulations on going after it that it can't be done. So here we are setting on billions of barrels of oil and paying 4 dollars a gallon while Saudi pays 30 cents a gallon. Real smart right?

[Chris Lazzo]

If Libya can fight for there freedom !!!!! The people of United States can sure as hell fight for a price cap on petroleum. The problem is people are weak and very few would stand up and protest. It's very simple. You don't buy gas!!!!! You don't go to work !!!!! You sit on your couch and watch the stock market fall like a rock dropping from the sky. Oh yeah thats not the only thing that would fall SO WOULD GAS PRICES !!!!!!! It just really ticks me off that we just sit here and let them do this to us. The every day blue collar worker is what makes this country go around. But we are the ones that take it in the ass in the long run.

Maybe here soon when gas hits $6.00 + a gallon the consumer will wake up and and relize enough is enough!!!! Stand up everybody fight for whats right we need to all stick together. You just never know what may happen. :bigthumb

[SATURNV]

You can also thank Fed Ben's QEII for killing the dollar.....

[04 Venom]

The real kicker is the u.s. has the 2nd or 3rd largest supply of oil in the ground. Russia has the most then us and Saudi or vise versa. There are so many regulations on going after it that it can't be done. So here we are setting on billions of barrels of oil and paying 4 dollars a gallon while Saudi pays 30 cents a gallon. Real smart right?

You are way off on your estimates. The US has about 3% of the known world oil reserves.

[SATURNV]

Shit, we have approx 2.1 trillion barrel of potential oil just in our shale deposits... Plus another 3-4.5 billion in the Bakken formation.

The country is not oil poor.

[Blackout]

well, as it sits, the value just keeps going up ...lol. "Liquid Gold" as some say :)

[redfirepearlgt]

He wants the prices high now. I suspiscion they will be up to 4.50 by mid summer. Much higher than that in this area and usage will drop thus dropping demand. He does not want demand to drop because this will allow the pricesto drop too soon. I am betting the guy is waiting until around until December or January and then he will allow the drilling in the Gulf to resume in order to "sve us from a double dip and provide some relief for middle income americans." The prices will drop back to around 2.85 a gallon and he will say, "look what I did, now vote me in a second term". This is my suspiscion as to what will happen in the next 7-9 months.

Meanwhile this surge in prices also benefits one of his key advisors and campaign contribution supporters Jeffrey Immelt - CEO of General Electric

[Mista Bone]

Wait i thought it got 80mpg?

I freaking wish!!!!!

If it did I'd only bought 25-30 gallons of gas last week instead of over 50 gallons!!!!

I'm rocking a nice truckers tan from all the driving!

Maybe it was posted here, but someone posted a refinery in IN was shutdown due to damage and two others elsewhere for maintenance. Factor in the changeover to "summer blend" BS.....we're fucked.

I wonder what would happen if I tell the IRS I can't pay my quarterly SE taxes due to the price of gas. At least Obubba dropped that by 1% or so.

Before someone gets into the oil companies making record profits, their refinery divison is making the same small margin of profit. But the fact that the prices for a barrel of oil have jump, the wells are making MASSIVE money. They will not let the refineries LOSE money.

I need to hit up my oil guy in Texas and get the inside scope.

[SpoonyGT]

:wstupid:
Also the value of the US dollar is getting weaker and weaker. (Keep printing money that we don’t have) one reason for oil, gold, exports and everything keep going up except pay checks. US is competing on a global basis which means when the value of the dollar falls the prices go up. A few years ago $1.00 was worth 135 Yen now $1.00 is worth 82 Yen, just example.
They refuse to produce more oil because they say the demand is not there. They want the oil and gas prices crazy high. I mean seriously look at the profits they are making, within 4 months they are making another $1.50 per gallon which cost people alot more. (cost me about extra $5 per day to and from work) Saudi prince has to pay for his all gold cars and stuff. needless to say that US should expect to see higher foreclosures due to the gas prices. High gas prices means higher food, transportation etc. Almost every time gas jumps the economy recesses.
?? THIS JUST MY OPINION ??

Thank god someone gets it.

[BigBadStang]

Thank god someone gets it.

...and then d-bag Bernanke gets on TV and proclaims there is no inflation...:rolleyes:

[redfirepearlgt]

...and then d-bag Bernanke gets on TV and proclaims there is no inflation...:rolleyes:

Yeah I saw that as well.

[SATURNV]

Bernanke needs drawn and quartered.... Geithner too.

[04 Venom]

He wants the prices high now. I suspiscion they will be up to 4.50 by mid summer. Much higher than that in this area and usage will drop thus dropping demand. He does not want demand to drop because this will allow the pricesto drop too soon. I am betting the guy is waiting until around until December or January and then he will allow the drilling in the Gulf to resume in order to "sve us from a double dip and provide some relief for middle income americans." The prices will drop back to around 2.85 a gallon and he will say, "look what I did, now vote me in a second term". This is my suspiscion as to what will happen in the next 7-9 months.

Meanwhile this surge in prices also benefits one of his key advisors and campaign contribution supporters Jeffrey Immelt - CEO of General Electric

Drilling in the Gulf has already resumed.

[SATURNV]

It has? Last I knew, Salazar was ignoring the judge's order to allow drilling to resume...

[mustangboy]

What they don't tell you is that the cost of gas and food is not factored into inflation. I would guess that with those included true inflation is WAY higher than their BS inflation #'s

[mustangboy]

I will also disagree that the president has anything to do with gas prices. His policies greatly affect the price of fuel. What do you think the speculators are speculating about. Presidential policy on drilling and other enviornmental agendas are a factored into the equation by the speculators so therefore driving prices up or down. Obama has openly admitted that under hid regime gas price will go higher and higher and that is exactly what has happened exactly as he has wished them to.

[blowncobra]

Went up north yesterday to pick up a Lexus and I paid $4.37 at 2 dif places around the Akron/Canton area this shits ridiculious!!!!

[SpoonyGT]

...and then d-bag Bernanke gets on TV and proclaims there is no inflation...:rolleyes:

It's because of the feds ridiculous measurement of core inflation which doesn't include food or fuel. Their Target rate is 2% and this crap about inflation in commodities being "transitory" is ridiculous. I've been buying precious metals since I saw this coming back in late 09.

[04 Venom]

I will also disagree that the president has anything to do with gas prices. His policies greatly affect the price of fuel. What do you think the speculators are speculating about. Presidential policy on drilling and other enviornmental agendas are a factored into the equation by the speculators so therefore driving prices up or down. Obama has openly admitted that under hid regime gas price will go higher and higher and that is exactly what has happened exactly as he has wished them to.

You are so wrong. Remember 2008? Different President same result--greed drives the speculators and they don't give a rat's ass who is President or what his policies are.

[mustangboy]

Here is a link explaining how Bush's policy directly drove up the price of oil. Now his agenda was quite different than Obama's that it is believed he was just trying to keep the oil companies happy. Obama's reasoning to wanting high oil/gas prices are completely different but yet his policies have also led to the price of gas staying high. I don't buy the story that the president has no control over the price of fuel. Their actions whether it be direct or indirect shape many different markets whether it be oil or the price of corn.

http://www.yuricareport.com/Energy/How%20Did%20Oil%20Prices%20Get%20so%20High.htm

[redfirepearlgt]

Drilling in the Gulf has already resumed.

Deep water yes, but not shallow water is still a big no. So half truth. But that's politics, right?

[04 Venom]

Here is a link explaining how Bush's policy directly drove up the price of oil. Now his agenda was quite different than Obama's that it is believed he was just trying to keep the oil companies happy. Obama's reasoning to wanting high oil/gas prices are completely different but yet his policies have also led to the price of gas staying high. I don't buy the story that the president has no control over the price of fuel. Their actions whether it be direct or indirect shape many different markets whether it be oil or the price of corn.

http://www.yuricareport.com/Energy/How%20Did%20Oil%20Prices%20Get%20so%20High.htm

Your link proves nothing other than everyone with a conputer can print their opinions have have them widely disseminated. The gas current gas price spike is not sustainable for the long term. The answer is still grreed.

[04 Venom]

Deep water yes, but not shallow water is still a big no. So half truth. But that's politics, right?

Politics is certainly a factor. The Gulf shore states, particularly Florida, have opposed any shallow water wells.

[duststang]

It is only a matter of time before the bubble pops then everyone should short the heck out of it. Drive it down, only issue is that the big dogs would need to do the same. Chances are that they would not.
Seriously, this hurts the economy and there are a lot of people barley making it and now. With gas sky rocketing I see more people needing government assistance.

[02mingryGT]

Drilling in the Gulf has already resumed.

The biggest problem is how many oil rigs are left? Most picked up and moved to friendlier sites. Not too many people remember what Obama said in 08.

http://washingtonexaminer.com/opinion/editorials/2011/01/obamas-5-gallon-gas-just-ahead

[mustangboy]

Once again explain to me how the president has nothing to do with the cost of gasoline:lol::flipoff: Obama for once doing what he said he would and no one even cares to report on it.

[85_SS_302_Coupe]

Right now between me and the GF driving to and from work, we are averaging $65 a week on each vehicle, so $130 a week total, $520 a month just in fucking gas. I'm still trying to understand how this is what's best for us.

[mustangboy]

Do you honestly think Obama wants what is best for Americans? He only cares what is best for his socialist tree hugging agenda.

[04 Venom]

Once again explain to me how the president has nothing to do with the cost of gasoline:lol::flipoff: Obama for once doing what he said he would and no one even cares to report on it.

That would be akin to explaining quantum mechanics to a coconut.

[skeptiq]

I love how when Bush was in office and the price of oil per barrel was almost $150 and it was his fault gas was almost $4.00 per gallon and it was all over the news every night... Yet right now, price per barrel is $112 and gas is $4.15, and it's barely making the news??? Double standard much? I am no rocket scientist, but the math doesn't add up, but what do I know :dunno:

[85_SS_302_Coupe]

That would be akin to explaining quantum mechanics to a coconut.

Wait, did you just call mustangboy a coconut? :lol:

[85_SS_302_Coupe]

I love how when Bush was in office and the price of oil per barrel was almost $150 and it was his fault gas was almost $4.00 per gallon and it was all over the news every night... Yet right now, price per barrel is $112 and gas is $4.15, and it's barely making the news??? Double standard much? I am no rocket scientist, but the math doesn't add up, but what do I know :dunno:

They will tell you that's inflation, and expect you to accept that. Even though the price of milk per gallon has barely changed in 10 years.

[Mista Bone]

I love how when Bush was in office and the price of oil per barrel was almost $150 and it was his fault gas was almost $4.00 per gallon and it was all over the news every night... Yet right now, price per barrel is $112 and gas is $4.15, and it's barely making the news??? Double standard much? I am no rocket scientist, but the math doesn't add up, but what do I know :dunno:

You have 3-4 refineries down for repairs and changeover to summer blend.

If you have all the oil you need, but can't refine it, the price goes up.

http://online.wsj.com/article/BT-CO-20110408-707897.html

How long has it been since a new refinery was built????? 30 years????

[04 Venom]

Wait, did you just call mustangboy a coconut? :lol:

Guilty as charged.

[furiouslyfaster]

Right now between me and the GF driving to and from work, we are averaging $65 a week on each vehicle, so $130 a week total, $520 a month just in fucking gas. I'm still trying to understand how this is what's best for us.

My wife averages about the same a week 65 dollars, its a load of crap and it's bad enough she has to put all those miles on her car. Yea she could get another Job but there isn't much were we live. It isn't to the point were it isn't worth her drive to work but when you see expenses like that and see reasons y gas is so expensive it is very frustrating. Seems like soon we will be working to get money to just put gas in our tanks.

[85_SS_302_Coupe]

Paid $4.17 a gallon this morning for 87. I'm about to say fuck it and get a race tune on all my cars and run Turbo Blue.

[Stangman]

I spend about $120 or so a week in gas... I miss driving my Lincoln... it got about 22-24mpg's no matter how I treated it.

[mustangboy]

I'd rather be considered a coconut by one than a horses ass by everyone:flipoff:

[04 Venom]

I'd rather be considered a coconut by one than a horses ass by everyone:flipoff:

I apologize if I insulted the coconut.

[furiouslyfaster]

I'd rather be considered a coconut by one than a horses ass by everyone:flipoff:

Valid Point. You have a ranger don't you Jess what does it get like 24mpg's I get horrible mileage out of my truck because I work about 1 mile from my house but I don't want to complain because I know a lot of you guys drive a lot more to get to work, on the bright side at least you are getting better mpg's than me.

[Markcore]

If/when it hits $5 a gallon I will bike to work everyday. I'll save money and de-fat myself.

Thanks OPEC! :bigthumb

[NXcoupe]

If/when it hits $5 a gallon I will bike to work everyday. I'll save money and de-fat myself.

Thanks OPEC! :bigthumb

Opec does not have a thing to do with it unfortunately. OPEC has not raised their prices in forever. Iraq does not participate in OPEC as a few other middle eastern countries don't as well. The oil prices are up because of simple american greed, and a government that says hands off to business, but bails out 3/4s of all the big banks in the country.

[Stangman]

Valid Point. You have a ranger don't you Jess what does it get like 24mpg's I get horrible mileage out of my truck because I work about 1 mile from my house but I don't want to complain because I know a lot of you guys drive a lot more to get to work, on the bright side at least you are getting better mpg's than me.

Yeah, '04 Ranger FX4 level 2.... and it gets 19.3 mpg.... :(

[04 Venom]

Opec does not have a thing to do with it unfortunately. OPEC has not raised their prices in forever. Iraq does not participate in OPEC as a few other middle eastern countries don't as well. The oil prices are up because of simple american greed, and a government that says hands off to business, but bails out 3/4s of all the big banks in the country.

Plus the $8 billion per year subsidy the oil companies receive from the government--which makes the $147 million per year the oil companies spend on political contributions and lobbyists seem like a bargain, huh?

[Streex]

I'm about to get a damn moped. This crap needs to stop. I'm about to go carb and switch to e 85. Not really but I have seen it done on 10 second car.

[2007ShelbyCobra]

im loving the prices right now lol It was 4.30 for 93 now its 3.90s

[Dirtyd0g]

im loving the prices right now lol It was 4.30 for 93 now its 3.90s

How do you make people happy about paying twice as much for gas?......

charge them 3 times as much and lower the price. It is pathetic that gasoline is more expensive than a gallon of milk.
Alan

[mustang8998]

How do you make people happy about paying twice as much for gas?......

charge them 3 times as much and lower the price. It is pathetic that gasoline is more expensive than a gallon of milk.
Alan

Do you use more milk, in a week than gas?

I don't, so how is that relevant?

[Dirtyd0g]

Because milk comes from a living creature and supports life.Milk requires as much processing as gasoline, but the farmers don't make the money of the oil companies or the tax department. I do go through about as much milk as gasoline, My work is at home and I have 5 kids.
Alan

[mustang8998]

Milk companies have a higher profit margin, than the oil companies. More gasoline is sold, than milk. Gasoline come from dead animals and sustains life. I can't live without it.

There, that makes about as much sense, as what you replied.

[Dirtyd0g]

So you think the oil companies are selling it too cheap and we should pay more and milk is over priced. I guess I just don't see it. Considering all the oil companies are high ranked fortune 500 companies profitting billions of dollars a year and dairy farmers are low on the list if they make it at all.
Alan

[mustang8998]

I was messing around, as your replies make little sense, to me. But I will play along now.

When was the last time a milk company spent millions, trying to find a cow to milk?

Ever seen a refinery? Yeah, they are a LOT bigger than a milk processing plant, aren't they.

How much milk do we have to import, to meet demand? Does Trauth own giant milk tankers that sail the world?

And your comparison of the farmer making millions? About like Maggie and I making millions, as we have mineral rights, that pay us dividends (not much $$$s). The milk companies, themselves, must do fairly well. I haven't seen many going out of business.