Look at these gas prices!!

Um - "All prices updated March, 2005"
3 year old prices are meaningless.

Even then, I wonder if they adjusted for differences in the value of the dollar vs local currency. I doubt it.
E.g., if 1 euro = $1.5, then a gollon of fuel in Paris should be 1.5x the cost here when measured in dollars.

It's better measured as a comparison against a commodity - e.g. cost of a cheeseburger.
 
George Dubya Bush
 
try idiot oil futures investors who have no real grasp of how the oil world really works.
 
do you guys even look at the price when at the pump? i coudln't tell you what gas is going for now if it was a million dollar question.... i'd probably be off by almost 50 cents if i had to guess.
 
Erik said:
do you guys even look at the price when at the pump? i coudln't tell you what gas is going for now if it was a million dollar question.... i'd probably be off by almost 50 cents if i had to guess.
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Yes. Daily.

Duane
 
X2, I look everyday. I drive 48 miles one way to work so I go thru Morganton and Hickory. One week Hickory is cheaper, the next week Morganton is cheaper.
near a hundred miles round trip, in a car that gets 30-32 MPG I still look. Pennys add up
 
I read somewhere last week Iran pays .07 a gal.
 
I don't pay attention, I have to buy it weather its 2.00 or 20.00.


The solution is local means of producing oil..


Drilling off the Coast, Alaska, and building a few refinerys here in the US.... Its actually pretty simple, We have the resoruces here, the tree huggers just won't let us touch them
 
I was reading about the Venezuela situation. That price is below the cost of production. Their government promised the people cheap fuel but now it's causing problems. The government would like to spend the money on something else, like health care, defense, etc. However, the people are driving cars/trucks with no regard for conservation because the fuel is so cheap.

FWIW, Iraq had the same issue for a while. The US basically bought the fuel for the people and we kept their price down to $0.05 a gallon. I don't know if that's still going on but it was supposed to stop.
 
y'all really think it's these other countries that are at fault?

Try Taxes! try the Gov't. Try the idiots that control the Stock Market that get all worked up when one little thing in the world goes haywire and they panic and think that Oil is really worth $100 a barrel.

Do you think that Venezuela is really saying, Hey, lets be nice and give away our oil to our people at $0.12/gallon (in March of 2005 of course)
 
Gas is really busting my balls right now....The other day my aunt gave me $40 and told me to but a tank of gas in my truck. I didn't tell her that it would take $17 more to fill up my 4yl tacoma.
 
NCJeepin said:
I don't pay attention, I have to buy it weather its 2.00 or 20.00.
The solution is local means of producing oil..
Drilling off the Coast, Alaska, and building a few refinerys here in the US.... Its actually pretty simple, We have the resoruces here, the tree huggers just won't let us touch them
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Nyuh huh. You do understand how capitalism works, right?

Even if it were local and cost 5 cents a gallon, what exactly have we done as consumers to encourage oil companies to drop prices? Not a damn thing.

The demand is there and it is huge. As long as the demand is there, it doesn't matter THAT much where the supply comes from.

Now I can't stand hippies, but if you honestly believe that the high prices are a product of lack of local production and enviro-quacks keeping us from US natural resources then you're more naive than they are...
 
mbalbritton said:
Do you think that Venezuela is really saying, Hey, lets be nice and give away our oil to our people at $0.12/gallon (in March of 2005 of course)
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Yes, that's exactly what they do. The government (the people) own the oil production and the virtually give it back to them. It costs them a ton of money and it's something they are looking to get away from. Here you go: http://www.nytimes.com/2007/10/30/world/americas/30venezuela.html

This is two years old but it's a decent breakdown of what makes up the fuel cost.

dieselpump.gif


My theory on why global prices are higher: Oligopoly price control.

From wikipedia:
An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). The word is derived from the Greek for few sellers. Because there are few participants in this type of market, each oligopolist is aware of the actions of the others. The decisions of one firm influence, and are influenced by the decisions of other firms. Strategic planning by oligopolists always involves taking into account the likely responses of the other market participants. This causes oligopolistic markets and industries to be at the highest risk for collusion.
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There was a time when GM controlled the price of cars and trucks. They didn't own the entire market like a monopoly but if they raised prices, everybody else was safe to do it too. If they lowered prices, everybody else lowered them too. This is different than a competitive market where everybody strives to keep costs/expenses as low as possible.

The solution: The government breaks up companies like Exxon/Mobile just like they did with AT&T. Look what happened to long distance prices, the plummeted. Yes, I know they are virtually back together now 25 years later but if we have low oil prices for the next 25 years before they are allowed to combine again it's better than what we have now.
 
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