Crude prices are still below $60 a barrel and yet gas prices have gone up $1 a gallon just since March...there needs to be an investigation to find out where the gouging is coming from...and this is definitely gouging, and if you don't believe it is, then you must be part of the crooks running the oil industry...
Gas prices up $1 a gallon just this spring
- Thread starter grampi
- Start date
- Status
Take a valium gramps and ask your Senator or Congressman why no new refineries and to push for more fracking!
I was reading that some expert predicted lower gas prices by end of summer and even lower by years end and near term low oil prices for what it is worth.
I was reading that some expert predicted lower gas prices by end of summer and even lower by years end and near term low oil prices for what it is worth.
Fracking has been banned by this state. Apparently the "potential" for something bad to happen (even though anything bad has never happened) was enough to scare the do-gooders into driving the oil and gas industry out of the state ... basically putting the last nail in the coffin for Upstate NY.
I do not have an issue with prices rising and falling to due supply and demand. I have an issue with something artificial causing prices fluctation like OPEC. OPEC is price fixing and would be illegal if it was done in the USA.
Originally Posted By: Dallas69
There has been over 20 small earthquakes in the DFW area in the past year.
SMU did a study and found drilling and fracking the cause.
Apparently the oil price doesn't relate to gas price.
We NEVER had earthquakes before "Fracking".
There has been over 20 small earthquakes in the DFW area in the past year.
SMU did a study and found drilling and fracking the cause.
Apparently the oil price doesn't relate to gas price.
We NEVER had earthquakes before "Fracking".
Couple of things:
Its been more than this spring. Gas prices bottomed out in early January. Unless my math is off, that's six months ago, not just "Spring".
Second, Crude has been over $60 a barrel as of late. Not much over that, but it is. Again, these prices tanked and bottomed out near $42 a barrel back in March. If you wanted to complain that gas was too expensive relative to oil prices, March would have been a better time - Gas had already risen to around $2.40 in your area (from 1.80), but the crude price was still going down.
Third, supply and demand is doing its thing. Oil prices tanked, and so did new well production in the US. Suppliers have reacted - by slowing down new drilling and slowing production.
Fourth, Supply and demand is again doing its thing. Gas prices traditionally rise to around this point of the year - the combination of more stringent summer gas regulations in conjunction with increased summer demand increases prices. From there, its starts to tail off (in general).
Last, if you read carefully, the issue with earthquakes is generally not the fracking itself. The issue is the use of deep injection wells to get rid of fracking waste fluid. That is a subtle, but important distinction. How to dispose of the fluids in another way is a different question.
Its been more than this spring. Gas prices bottomed out in early January. Unless my math is off, that's six months ago, not just "Spring".
Second, Crude has been over $60 a barrel as of late. Not much over that, but it is. Again, these prices tanked and bottomed out near $42 a barrel back in March. If you wanted to complain that gas was too expensive relative to oil prices, March would have been a better time - Gas had already risen to around $2.40 in your area (from 1.80), but the crude price was still going down.
Third, supply and demand is doing its thing. Oil prices tanked, and so did new well production in the US. Suppliers have reacted - by slowing down new drilling and slowing production.
Fourth, Supply and demand is again doing its thing. Gas prices traditionally rise to around this point of the year - the combination of more stringent summer gas regulations in conjunction with increased summer demand increases prices. From there, its starts to tail off (in general).
Last, if you read carefully, the issue with earthquakes is generally not the fracking itself. The issue is the use of deep injection wells to get rid of fracking waste fluid. That is a subtle, but important distinction. How to dispose of the fluids in another way is a different question.
How many people who complain about oil prices also harp that they want the "choice" to drive gas guzzlers?
So, which is it? Do you want gov't intervention to mandate higher CAFE mpg b/c the American public is too stupid to put 2 and 2 together, or do you want your stupid fellow citizens to drive oversized trucks and SUVs to the mall b/c its our "right"?
So, which is it? Do you want gov't intervention to mandate higher CAFE mpg b/c the American public is too stupid to put 2 and 2 together, or do you want your stupid fellow citizens to drive oversized trucks and SUVs to the mall b/c its our "right"?
Originally Posted By: VNTS
Take a valium gramps and ask your Senator or Congressman why no new refineries and to push for more fracking!
I was reading that some expert predicted lower gas prices by end of summer and even lower by years end and near term low oil prices for what it is worth.
gramps on valium -- that would be funny, since he does whine a lot, especially in these fuel price whining threads -- stating pretty much the same thing over and over.but, I like to read his posts, mainly because he has a good command of the language. as well, his posts are amusing.
can we picture grampi on valium?
afa refineries -- from what I've read in the past, the tree huggers/whale savers' whining/lobbying are a large part of why no refineries have been built in Canada or the u.s. since the 70's."what if this happens" scenario is their constant cry. same goes for oil exploration. these people are a very powerful lobby.
so -- have at it, grampi. a few of us in our group have just started a pool, as to how many times you will post in the first 6 pages of this thread.
have a good day, all.
Take a valium gramps and ask your Senator or Congressman why no new refineries and to push for more fracking!
I was reading that some expert predicted lower gas prices by end of summer and even lower by years end and near term low oil prices for what it is worth.
gramps on valium -- that would be funny, since he does whine a lot, especially in these fuel price whining threads -- stating pretty much the same thing over and over.but, I like to read his posts, mainly because he has a good command of the language. as well, his posts are amusing.
can we picture grampi on valium?
afa refineries -- from what I've read in the past, the tree huggers/whale savers' whining/lobbying are a large part of why no refineries have been built in Canada or the u.s. since the 70's."what if this happens" scenario is their constant cry. same goes for oil exploration. these people are a very powerful lobby.
so -- have at it, grampi. a few of us in our group have just started a pool, as to how many times you will post in the first 6 pages of this thread.
have a good day, all.
Originally Posted By: grampi
Crude prices are still below $60 a barrel and yet gas prices have gone up $1 a gallon just since March...there needs to be an investigation to find out where the gouging is coming from...and this is definitely gouging, and if you don't believe it is, then you must be part of the crooks running the oil industry...
You keep saying you are conservative yet at every opportunity you feel that the government has to step in to raise wages and fix prices.
It would be a waste of my time to pull up futures prices and Gasoline and crude oil ETFs to show how market forces react vis-a-vis supply and demand. ..Supply greatly affected by government regulations in the first place.
A lot of posts here have hit the nail on the head.
Crude prices are still below $60 a barrel and yet gas prices have gone up $1 a gallon just since March...there needs to be an investigation to find out where the gouging is coming from...and this is definitely gouging, and if you don't believe it is, then you must be part of the crooks running the oil industry...
You keep saying you are conservative yet at every opportunity you feel that the government has to step in to raise wages and fix prices.
It would be a waste of my time to pull up futures prices and Gasoline and crude oil ETFs to show how market forces react vis-a-vis supply and demand. ..Supply greatly affected by government regulations in the first place.
A lot of posts here have hit the nail on the head.
Last edited:
http://www.gasbuddy.com/Charts
If you add a few major Ohio cities (Cleveland, Columbus, Toledo, etc), you can see that they had prices drop to well under $2/gallon in January, which was well below the national average. So the recent rise has been dramatic for some.
But not others. In my area, represented by Raleigh, NC, you can see that we never fell to as low as the national average, but we're enjoying pump prices about 15 cents below the national average right now.
Lots of local and regional market influencers are at play.
If you add a few major Ohio cities (Cleveland, Columbus, Toledo, etc), you can see that they had prices drop to well under $2/gallon in January, which was well below the national average. So the recent rise has been dramatic for some.
But not others. In my area, represented by Raleigh, NC, you can see that we never fell to as low as the national average, but we're enjoying pump prices about 15 cents below the national average right now.
Lots of local and regional market influencers are at play.
Fracking has been around for a long, long time. The media just recently discovered it.
The city and county of Los Angles is one of the larger producers of oil in the US, including Orange County. If fracking did what the media claims, Los Angles would have slid off into the ocean 75 years ago.
Today the world is awash in oil. There's no more places to store it. Everyone's full to the tops of their tanks. The scrapping of tankers is on hold because they're being used as storage tanks.
In the US we're not allowed to build any new refineries so we're stuck with old out of date refineries that are slow and manpower intensive to operate and a bit dangerous. They catch on fire and blow up every now and then.
The scary part of this is that our politicians are running the show and they don't have the expertise or experience to run a lemonade stand without a grand, a subsidy, a tax exemption, a bailout and a monopoly.
The city and county of Los Angles is one of the larger producers of oil in the US, including Orange County. If fracking did what the media claims, Los Angles would have slid off into the ocean 75 years ago.
Today the world is awash in oil. There's no more places to store it. Everyone's full to the tops of their tanks. The scrapping of tankers is on hold because they're being used as storage tanks.
In the US we're not allowed to build any new refineries so we're stuck with old out of date refineries that are slow and manpower intensive to operate and a bit dangerous. They catch on fire and blow up every now and then.
The scary part of this is that our politicians are running the show and they don't have the expertise or experience to run a lemonade stand without a grand, a subsidy, a tax exemption, a bailout and a monopoly.
Originally Posted By: Al
Originally Posted By: grampi
Crude prices are still below $60 a barrel and yet gas prices have gone up $1 a gallon just since March...there needs to be an investigation to find out where the gouging is coming from...and this is definitely gouging, and if you don't believe it is, then you must be part of the crooks running the oil industry...
You keep saying you are conservative yet at every opportunity you feel that the government has to step in to raise wages and fix prices.
It would be a waste of my time to pull up futures prices and Gasoline and crude oil ETFs to show how market forces react vis-a-vis supply and demand. ..Supply greatly affected by government regulations in the first place.
A lot of posts here have hit the nail on the head.
When have I ever said the gov needs to fix prices or raise wages? I challenge you find one of my posts where I have said that...
Originally Posted By: grampi
Crude prices are still below $60 a barrel and yet gas prices have gone up $1 a gallon just since March...there needs to be an investigation to find out where the gouging is coming from...and this is definitely gouging, and if you don't believe it is, then you must be part of the crooks running the oil industry...
You keep saying you are conservative yet at every opportunity you feel that the government has to step in to raise wages and fix prices.
It would be a waste of my time to pull up futures prices and Gasoline and crude oil ETFs to show how market forces react vis-a-vis supply and demand. ..Supply greatly affected by government regulations in the first place.
A lot of posts here have hit the nail on the head.
When have I ever said the gov needs to fix prices or raise wages? I challenge you find one of my posts where I have said that...
Originally Posted By: OneEyeJack
Fracking has been around for a long, long time. The media just recently discovered it.
The city and county of Los Angles is one of the larger producers of oil in the US, including Orange County. If fracking did what the media claims, Los Angles would have slid off into the ocean 75 years ago.
Today the world is awash in oil. There's no more places to store it. Everyone's full to the tops of their tanks. The scrapping of tankers is on hold because they're being used as storage tanks.
In the US we're not allowed to build any new refineries so we're stuck with old out of date refineries that are slow and manpower intensive to operate and a bit dangerous. They catch on fire and blow up every now and then.
The scary part of this is that our politicians are running the show and they don't have the expertise or experience to run a lemonade stand without a grand, a subsidy, a tax exemption, a bailout and a monopoly.
You're right, we are awash with oil. You're also right that our gov won't allow any new refineries to be built, but we don't really need any more refineries, but getting the existing ones more modernized would certainly be nice. The refineries we have never operate at, or even near max capacity, which is why you rarely ever see gas stations with no gas. One refinery shuts down for maintenance, others boost their output a bit to make up for the lost production at the down refinery. This is why they are no shortages, and this is also why raising prices because of a refinery or two being offline is nothing more than an excuse to pad profits...prices are determined by the industry and supply and demand are nothing but buzz words...
Fracking has been around for a long, long time. The media just recently discovered it.
The city and county of Los Angles is one of the larger producers of oil in the US, including Orange County. If fracking did what the media claims, Los Angles would have slid off into the ocean 75 years ago.
Today the world is awash in oil. There's no more places to store it. Everyone's full to the tops of their tanks. The scrapping of tankers is on hold because they're being used as storage tanks.
In the US we're not allowed to build any new refineries so we're stuck with old out of date refineries that are slow and manpower intensive to operate and a bit dangerous. They catch on fire and blow up every now and then.
The scary part of this is that our politicians are running the show and they don't have the expertise or experience to run a lemonade stand without a grand, a subsidy, a tax exemption, a bailout and a monopoly.
You're right, we are awash with oil. You're also right that our gov won't allow any new refineries to be built, but we don't really need any more refineries, but getting the existing ones more modernized would certainly be nice. The refineries we have never operate at, or even near max capacity, which is why you rarely ever see gas stations with no gas. One refinery shuts down for maintenance, others boost their output a bit to make up for the lost production at the down refinery. This is why they are no shortages, and this is also why raising prices because of a refinery or two being offline is nothing more than an excuse to pad profits...prices are determined by the industry and supply and demand are nothing but buzz words...
Refineries make very little money. That's why new ones aren't being built.
- Status
Similar threads
