What's going on with gas prices?

[JeffKeryk]

Originally Posted by grampi
Originally Posted by SteveSRT8
Absolutely. No one has to participate if the topic is somehow uncomfortable.

All the folks dreaming of higher pricing and how it will help the environment need to remember that your local contractors and service businesses will be forced to adjust their pricing.

You'll pay more for a lot of additional things besides just your own fuel...


This is why I don't get people who say they don't pay attention to or care about gas prices...do you not care that you're also going to be paying more for everything else?

In the short run, yes. In the long run, pain, in the form of higher prices, leads to change and innovation.
Also, your argument can be used for many things besides price of gasoline. The race to the bottom!

 

[grampi]

Originally Posted by Kjmack
Since when is capitalism a foul word , it's the other word that is foul . It's inhumane to all that fall under it's spell , Now they can close it . lol


Nothing wrong with capitalism, it's cartels I have a problem with...

 

[Kjmack]

Wasn't pointed at you grampi 👈

 

[Benzadmiral]

Originally Posted by dave1251
Originally Posted by grampi
Originally Posted by Al
Oh Jezus here we go again. Gas prices go up a couple cents and its a conspiracy and its the traders' fault. S uck it up and pay it or drive less use that time you spend driving and be thankful you live in the USA

Still looking at buying a gas guzzling 'Vette Grampi? Maybe if gas is too much, move to a Chevy Spark (like me)..38 mpg


A couple cents? What fantasy land do you live in? Gas is almost $1 a gallon higher than it was a year ago...and yes, I'm still looking at getting a Vette, but it can hardly be called a gas guzzler...it'll easily get over 30 MPG on the highway...that's almost as good as your Spark and a heckovalot more fun!



What fantasy land do you live in? Gas is not up $1 a gallon over last April and demand is higher right now at nearly 9.6 million barrels of gas.

I seem to recall regular gas had dropped to $1.65 at some point in the last two years, and now it's at $2.41, so that's darn close to a $1.00 increase.

Yes, I suppose that -- compared to everything else we pay through the nostrils for -- gasoline is relatively cheap. It's not even the biggest cost to owning and operating a vehicle. But we have to deal with it every week or two, sometimes more often, so it seems like we're getting stuck harder.

 

[JeffKeryk]

The oil industry's responsibility is to its shareholders. Period.

 

[PimTac]

Everything changes over time. One either adapts or they don't.

The price of gasoline is menial compared to other things that have really skyrocketed in recent years.

 

[dlundblad]

I'm surmising it's the time of year for people to travel as well as the flooding in Nebraska increasing ethanol demand.

 

[grampi]

Originally Posted by JeffKeryk
The oil industry's responsibility is to its shareholders. Period.


That's a scary thought considering how critical crude oil products are to the security of our nation...

 

[4WD]

Venezuela nationalized oil …

 

[JeffKeryk]

Originally Posted by grampi
Originally Posted by JeffKeryk
The oil industry's responsibility is to its shareholders. Period.


That's a scary thought considering how critical crude oil products are to the security of our nation...

Agreed. The world runs on oil.
Iraq, Iran, Saudi, etc. have little else of value.
I believe Saudi is like the 20th largest economy; thanks to oil exports.

 

[4WD]

Gramp… Really ? Tell us what the benchmark needs to be … show us your formula for establishing fuel prices ?

What I don't like is you think you are owed a special price by a sector that is actually middle of the road in ROCE

Lock comment = it seems to be Ok to bash politicians on this site if they are Ronald and Donald …

BTW… I will join any thread I like without your permission sir …

 

[grampi]

Originally Posted by 4WD
Gramp… Really ? Tell us what the benchmark needs to be … show us your formula for establishing fuel prices ?

What I don't like is you think you are owed a special price by a sector that is actually middle of the road in ROCE

Lock comment = it seems to be Ok to bash politicians on this site if they are Ronald and Donald …

BTW… I will join any thread I like without your permission sir …


Considering the amount of supply we have, gas shouldn't be more than $2...anything more is just gouging because they can get away with it...and if you like the thread, then why call for it to be closed?

 

[4WD]

ok, I will offer them $2 and go from there …

 

[Astro14]

Originally Posted by grampi
Originally Posted by 4WD
Gramp… Really ? Tell us what the benchmark needs to be … show us your formula for establishing fuel prices ?

What I don't like is you think you are owed a special price by a sector that is actually middle of the road in ROCE

Lock comment = it seems to be Ok to bash politicians on this site if they are Ronald and Donald …

BTW… I will join any thread I like without your permission sir …


Considering the amount of supply we have, gas shouldn't be more than $2...anything more is just gouging because they can get away with it...and if you like the thread, then why call for it to be closed?



Grampi -
The recent price increases pale in comparison with some historical price jumps.

What's funny is that you're old enough to remember them.

Remember when it went from $0.29/gallon to nearly $1.00 in 1973-4. THAT was an increase. Gasoline more than tripled in price in a year. Adjusted for inflation, that 1974 price was higher than it is now.

If an increase of similar magnitude to that event had happened this year, we would be at nearly $10.00/gallon.

Further, in 1983, when I got my first car, the $1.39 I was paying is over $3.00 when adjusted for inflation.

In 2005, I was paying nearly $4.00/gallon in Vermont. Again, far more expensive than it is now.

We still have it pretty good.

When it hits $4.00/gallon again, then I'll start complaining.

 

[grampi]

Originally Posted by Astro14
Originally Posted by grampi
Originally Posted by 4WD
Gramp… Really ? Tell us what the benchmark needs to be … show us your formula for establishing fuel prices ?

What I don't like is you think you are owed a special price by a sector that is actually middle of the road in ROCE

Lock comment = it seems to be Ok to bash politicians on this site if they are Ronald and Donald …

BTW… I will join any thread I like without your permission sir …


Considering the amount of supply we have, gas shouldn't be more than $2...anything more is just gouging because they can get away with it...and if you like the thread, then why call for it to be closed?



Grampi -
The recent price increases pale in comparison with some historical price jumps.

What's funny is that you're old enough to remember them.

Remember when it went from $0.29/gallon to nearly $1.00 in 1973-4. THAT was an increase. Gasoline more than tripled in price in a year. Adjusted for inflation, that 1974 price was higher than it is now.

If an increase of similar magnitude to that event had happened this year, we would be at nearly $10.00/gallon.

Further, in 1983, when I got my first car, the $1.39 I was paying is over $3.00 when adjusted for inflation.

In 2005, I was paying nearly $4.00/gallon in Vermont. Again, far more expensive than it is now.

We still have it pretty good.

When it hits $4.00/gallon again, then I'll start complaining.


We have had it far worse in the past, but the difference now is that we have our own supply, and we have so much of it we don't know what to do with it all. That hasn't always been the case...

 

[Win]

Who is we? You own what is in your gas tanks.

What is in every other gas tank, or the ground, or somewhere in between, is owned by someone else.

 

[JeffKeryk]

Let's see... The mid price in Los Gatos for a home like mine is close to $2M.
There a lotsa houses here, so I guess I will sell mine for half.

Prices are set by the market. They have the oil; we want it and we pay and pay and pay.
Heckuva business model...
Oil industry profits are gargantuan; they are at all time highs.

 

[grampi]

Originally Posted by Win
Who is we? You own what is in your gas tanks.

What is in every other gas tank, or the ground, or somewhere in between, is owned by someone else.


We is the U.S....

 

[Benzadmiral]

Originally Posted by Astro14


Grampi -
The recent price increases pale in comparison with some historical price jumps.

What's funny is that you're old enough to remember them.

Remember when it went from $0.29/gallon to nearly $1.00 in 1973-4. THAT was an increase. Gasoline more than tripled in price in a year. Adjusted for inflation, that 1974 price was higher than it is now.

If an increase of similar magnitude to that event had happened this year, we would be at nearly $10.00/gallon.

Further, in 1983, when I got my first car, the $1.39 I was paying is over $3.00 when adjusted for inflation.

In 2005, I was paying nearly $4.00/gallon in Vermont. Again, far more expensive than it is now.

We still have it pretty good.

When it hits $4.00/gallon again, then I'll start complaining.

Small detail: The 1973-74 price jump was from about .29/gal. to ca. .55/gal., not up to a whole dollar. At least not here in the South. I had just begun driving, so I remember the price well from 1976-1979. The jump to nearly $1.00 happened during the later oil shock, in early 1979.

Fuel generally stayed under $2.00 all the way until Hurricane Katrina in 2005; I remember the spike well, from $1.65 to well over $2.00, as I was driving a car that took premium at the time. During my time in Denver, 1997-2001, gas was around $1.65-$1.80/gal.

 

[oil_film_movies]

Let's look at the facts, current situation: (AAA data)