gas prices jumped today

[Al]

Originally Posted By: GiveMeAVowel
Originally Posted By: Merkava_4
Take crude oil off the commodities market. Problem solved.


Exactly.


Illogical oil prices seem to be a serious threat to our economy which in turn is a direct threat to National Security.

Read about 1974 when the government attempted to keep gasoling pricices artificially low. Gas was cheap but there wasn't any of it.

 

[splinter]

$4.02+9/10 for 91 around our 'hood.

 

[bvance554]

Originally Posted By: GiveMeAVowel
Originally Posted By: Merkava_4
Take crude oil off the commodities market. Problem solved.


Exactly.


Illogical oil prices seem to be a serious threat to our economy which in turn is a direct threat to National Security.


But if you had any idea what you were talking about it wouldn't seem illogical. What is illogical is that some people are complaining about paying a dollar less per gallon than they were a year ago.

 

[GiveMeAVowel]

Originally Posted By: bvance554

But if you had any idea what you were talking about it wouldn't seem illogical. What is illogical is that some people are complaining about paying a dollar less per gallon than they were a year ago.


Again we're not really talking about strict gov't price controls only about removing oil from the commodity markets so that prices don't fluctuate as much and it also removes the emotional /psychological element as well which is irrational and illogical.

I'm thinking more long term about how I'm paying 2.75/gal more than 8 years ago.

 

[HTSS_TR]

If you take crude oil off the commodities market then who will determine the price ? Many countries export crude oil to many countries around the world, how do they determine the price ? Crude oil will be traded on black market ?

 

[Al]

Originally Posted By: GiveMeAVowel


Again we're not really talking about strict gov't price controls only about removing oil from the commodity markets so that prices don't fluctuate as much and it also removes the emotional /psychological element as well which is irrational and illogical.

You really need to read up on this subject. What you are proposing is not remotely possible in a world economy? Who would set the price?

 

[grampi]

Originally Posted By: Merkava_4
Take crude oil off the commodities market. Problem solved.


And/or get rid of speculation...

 

[grampi]

Originally Posted By: bvance554
Originally Posted By: Burt
Originally Posted By: salv
Originally Posted By: Merkava_4
Take crude oil off the commodities market. Problem solved.


Yes! Something so essential to our everyday lives and to our economy should never be controlled by forces that don't account for anything other than profit and share holders.
The free market can be a benefit to the consumer, but more often benefits the companies, more specifically those that have the means to own part of those companies.


Salv - Nixon tried price controls in the 70's. It didn't work so well. Shortages of everything from gasoline to toilet paper. I'd like to see a study of whether oil and gas companies make more profit per $ of investment than other industries. Until then, please spare me the populist drivel.


Gas companies make about $.06 a gallon profit. I think that seems pretty fair.


Yeah right...and I've got a bridge I'll sell you...

 

[grampi]

Originally Posted By: Burt
Originally Posted By: salv
Originally Posted By: Merkava_4
Take crude oil off the commodities market. Problem solved.


Yes! Something so essential to our everyday lives and to our economy should never be controlled by forces that don't account for anything other than profit and share holders.
The free market can be a benefit to the consumer, but more often benefits the companies, more specifically those that have the means to own part of those companies.


Salv - Nixon tried price controls in the 70's. It didn't work so well. Shortages of everything from gasoline to toilet paper. I'd like to see a study of whether oil and gas companies make more profit per $ of investment than other industries. Until then, please spare me the populist drivel.


Removing oil from the commodities market has nothing to do with price controls, it would simply be removing those who are looking at making a buck off of consumers for doing nothing more than injecting fears into the market (speculators)....

 

[grampi]

Originally Posted By: raytseng
Originally Posted By: GiveMeAVowel
Originally Posted By: Merkava_4
Take crude oil off the commodities market. Problem solved.


Exactly.


Illogical oil prices seem to be a serious threat to our economy which in turn is a direct threat to National Security.


I think this would actually have the opposite effect.

The more you restrict something and make it harder to access or trade, the more that only a select few will have the pockets and/or Will to overcome the barriers you put up. This leads to the unintended result that those few entities most interested in profit end up having MORE control and power over that commodity rather than less control


I disagree. Removing crude from the commodities market would simply remove speculation, leaving supply and demand as the only price determiner...this would drop prices considerably by removing the unnecessary middle man...

 

[grampi]

Originally Posted By: bvance554
Originally Posted By: GiveMeAVowel
Originally Posted By: Merkava_4
Take crude oil off the commodities market. Problem solved.


Exactly.


Illogical oil prices seem to be a serious threat to our economy which in turn is a direct threat to National Security.


But if you had any idea what you were talking about it wouldn't seem illogical. What is illogical is that some people are complaining about paying a dollar less per gallon than they were a year ago.


No they aren't...they're complaining because the price is creeping right back up to where it was before, which is way higher than it needs to be, and the cause of higher than necessary prices is speculation, which is completely unnecessary...

 

[grampi]

Originally Posted By: Al
Originally Posted By: GiveMeAVowel
Originally Posted By: Merkava_4
Take crude oil off the commodities market. Problem solved.


Exactly.


Illogical oil prices seem to be a serious threat to our economy which in turn is a direct threat to National Security.

Read about 1974 when the government attempted to keep gasoling pricices artificially low. Gas was cheap but there wasn't any of it.


That was an actual attempt at capping prices, which you're right, doesn't work. Removing crude from the commodities market would not be a form of price control, but rather just a removal of part of a process that actually creates higher prices...

 

[grampi]

Originally Posted By: HTSS_TR
If you take crude oil off the commodities market then who will determine the price ? Many countries export crude oil to many countries around the world, how do they determine the price ? Crude oil will be traded on black market ?


Price would be determined the way it should be, purely by supply and demand...do we need speculators to determine the price of cars? Do we need them to determine the price of groceries? No, so why do we need them to determine the price of crude/gas?

 

[grampi]

Originally Posted By: Al
Originally Posted By: GiveMeAVowel


Again we're not really talking about strict gov't price controls only about removing oil from the commodity markets so that prices don't fluctuate as much and it also removes the emotional /psychological element as well which is irrational and illogical.

You really need to read up on this subject. What you are proposing is not remotely possible in a world economy? Who would set the price?


Not who, what. Supply and demand would set the price...

 

[dlundblad]

Fuel rises just in time for summer.

(Road trips, lawn equipment, boats etc.)

 

[JustinH]

I was just thinking that we are up 90 cents from a year ago.

$2.39 in Texas now.

 

[Al]

Originally Posted By: grampi


Not who, what. Supply and demand would set the price...

Well all of this sounds good but... The present system has evolved into what we have since the late 1800's and even before. You have to remember that we have a world market and the U.S. does not control it. Something must fix the price and that really is supply and demand.

Everyone blames speculators but that is way over-hyped. Speculators actually stabilize the markets more than they de-stabilize them.

Again I say how would you remove oil from the world market? If you even understood the basics of markets include commodities...you would never make this statement. Honestly I can't even begin to tell you how to remove oil and energy from the markets bc again and again and again..its a world market.

Ultimately the consumer does set the price..that's about all I can say. So if you are fine with believing you know the answer as to why gasoline is to expensive bc its too expensive to take little Jonny to soccer practice..to be it. I'm good with that.

BTW here is a list of world commodity and stock markets..all working to set prices on everything from rabbit turds to cmputer chips.
http://en.wikipedia.org/wiki/List_of_commodities_exchanges

Also if you want to stabilize gasoline prices for yourself you can buy A U.S. gasoline ETF (Exchange Traded Fund) at any Financial institution..just like any stock or mutual fund. So if you think in the future you are gonna' get screwed by future price increases..just buy some UGA (http://finance.yahoo.com/q?s=uga&ql=1) at todays price.

 

[yeti]

Originally Posted By: Al
Originally Posted By: grampi


Not who, what. Supply and demand would set the price...

Well all of this sounds good but... The present system has evolved into what we have since the late 1800's and even before. You have to remember that we have a world market and the U.S. does not control it. Something must fix the price and that really is supply and demand.

Everyone blames speculators but that is way over-hyped. Speculators actually stabilize the markets more than they de-stabilize them.

Again I say how would you remove oil from the world market? If you even understood the basics of markets include commodities...you would never make this statement. Honestly I can't even begin to tell you how to remove oil and energy from the markets bc again and again and again..its a world market.

Ultimately the consumer does set the price..that's about all I can say. So if you are fine with believing you know the answer as to why gasoline is to expensive bc its too expensive to take little Jonny to soccer practice..to be it. I'm good with that.

BTW here is a list of world commodity and stock markets..all working to set prices on everything from rabbit turds to cmputer chips.
http://en.wikipedia.org/wiki/List_of_commodities_exchanges

Also if you want to stabilize gasoline prices for yourself you can buy A U.S. gasoline ETF (Exchange Traded Fund) at any Financial institution..just like any stock or mutual fund. So if you think in the future you are gonna' get screwed by future price increases..just buy some UGA (http://finance.yahoo.com/q?s=uga&ql=1) at todays price.





al -- very well said.some will repeat this over and over, to no avail.it just won't sink in to those who [censored] about the evil speculators/oil companies.
I mentioned, in a similar thread last year, to take advantage of the situation, instead of forever [censored] about it.one can deal in the market, and make a lot of money.find someone that is good at it,to do it for you. and, educate yourself on the topic, so you can one day do the "trading" yourself.
all of us that hang around together do this, and we smile when filling our tanks, as prices rise.
no sense banging your head against the wall, as some will never "get it". it's just easier to [censored] and whine about it, as with many situations in life.
take care.

 

[javacontour]

Some have already invested it all in tin foil hats. They don't have anything left to buy UGA.

 

[slowdime]

Don't forget that the economic growth occurring in developing nations incurs additional demand on fossil fuels. The writing is on the wall as far as oil prices in the coming decades. The time will come when oil and by extent gasoline is prohibitively expensive for the consumer.