Gas hits all time high record EVER! higher than 81'.
I have wondered...
oil companies say supplies are tight, higher demand so therefore prices must be raised - in order to make what they normally would make with a lower supply they must raise prices so they would make what they normally would make with lower prices and more supply...
yet record profits are reported left and right.
goes to show we have plenty of supply.
Several documents from California show that refiners in California sought in the mid-90's to prevent imports into California in order to make the market "tight."
• One internal Exxon memo advises the company to "not do deals that supports other's importing barrels to the West Coast."
• Similarly, an internal Mobil memo counsels against importing gasoline, saying it would depress margins.
•California refiners also sought to limit the overall refinery capacity in the state.
• One Mobil document talks about how to block the proposed startup of the Powerine refinery. "Needless to say," the memo says, "we would all like to see Powerine stay down." It then proposes accomplishing this by buying all its product and marketing it themselves. "Especially," the memo says, "if they start to market below our incremental cost of production." The memo then notes that buying Powerine's product the previous year, when it was below Mobil's "incremental cost of production" had worked and it was "a major reason that the RFG premium . . . went from 1 cent per gallon to 3-5 cents per gallon."
then you have zone pricing...
let's see...you can drive to La Jolla where the rich folk live and find gas at 20 to 35 cents higher than the rest of san diego, also oceanside will have similarly inflated prices... there is no more demand there than in the working enighborhoods, it's actually the opposite! oil companies know that wealthier neighborhoods will pay more.
Here in Fresno we drove to the bad part of town when out and about...gas was $3.21, where we live - $3.45
if there really was such a supply issue then gas would be similarly priced everywhere, not 20 to 35 cents cheaper a mile away....literally, a mile away.
If I was an oil company I would do the same thing, it's business... you are in the business of making money and you do what you can to maximize profits - I just don't see how it is condusive to the economy when a couple of companies have so much control over the health of our economy.
and they don't manipulate the supply...it's all opec, we have no control.
Oil companies planned to manipulate gas prices, memos reveal
http://newstandardnews.net/content/index.cfm/items/2336
good news is I haven't filled up since April 7th...
I have wondered...
oil companies say supplies are tight, higher demand so therefore prices must be raised - in order to make what they normally would make with a lower supply they must raise prices so they would make what they normally would make with lower prices and more supply...
yet record profits are reported left and right.
goes to show we have plenty of supply.
Several documents from California show that refiners in California sought in the mid-90's to prevent imports into California in order to make the market "tight."
• One internal Exxon memo advises the company to "not do deals that supports other's importing barrels to the West Coast."
• Similarly, an internal Mobil memo counsels against importing gasoline, saying it would depress margins.
•California refiners also sought to limit the overall refinery capacity in the state.
• One Mobil document talks about how to block the proposed startup of the Powerine refinery. "Needless to say," the memo says, "we would all like to see Powerine stay down." It then proposes accomplishing this by buying all its product and marketing it themselves. "Especially," the memo says, "if they start to market below our incremental cost of production." The memo then notes that buying Powerine's product the previous year, when it was below Mobil's "incremental cost of production" had worked and it was "a major reason that the RFG premium . . . went from 1 cent per gallon to 3-5 cents per gallon."
then you have zone pricing...
let's see...you can drive to La Jolla where the rich folk live and find gas at 20 to 35 cents higher than the rest of san diego, also oceanside will have similarly inflated prices... there is no more demand there than in the working enighborhoods, it's actually the opposite! oil companies know that wealthier neighborhoods will pay more.
Here in Fresno we drove to the bad part of town when out and about...gas was $3.21, where we live - $3.45
if there really was such a supply issue then gas would be similarly priced everywhere, not 20 to 35 cents cheaper a mile away....literally, a mile away.
If I was an oil company I would do the same thing, it's business... you are in the business of making money and you do what you can to maximize profits - I just don't see how it is condusive to the economy when a couple of companies have so much control over the health of our economy.
and they don't manipulate the supply...it's all opec, we have no control.
Oil companies planned to manipulate gas prices, memos reveal
http://newstandardnews.net/content/index.cfm/items/2336
good news is I haven't filled up since April 7th...
