Gas prices ... what a sham

[BoyNextDoor]

As reported on the evening news - the price of gas is up $0.05 /gal because of the hurricane that is moving its way through the Gulf. What a bunch of bullshit! Actually it is far worse than bullshit - it is profiteering without conscience.

Exxon/Mobile, BP, they all are not participating in a "free market". This is an oligarchy holding a market hostage and exerting market power. This is why we cannot live free of regulation.

 

[Busybody]

 

[BoyNextDoor]

Considering some of your other posts, I consider this one of your more intelligent responses. At least your whole foot is not in your mouth.

 

[Busybody]

when the same thing happened during KATRINA

you and your people were BLAMING Bush,


so now you should blame Obama

 

[amicus]

Not really.

The crude market is competitive. It isn't just the US as the major consumer, it is the world.

Regulation has stifled production in the US, so the new exploration and develpmentis are elsewhere.

Why is that you people always want to regulate and control everything and everyone?

Don't answer, you won't anyway, and I already know.

Amicus, the free market American

 

[Busybody]

the sham is

that BOTH Obama and teh Energy Sec have said they want prices as high as in Euro Puke

and NOW

before the election, pretend otherwise

and work work towards that

AFTER RE-ELECTION

 

[kbate]

Not really.

The crude market is competitive. It isn't just the US as the major consumer, it is the world.

Regulation has stifled production in the US, so the new exploration and develpmentis are elsewhere.

Why is that you people always want to regulate and control everything and everyone?

Don't answer, you won't anyway, and I already know.

Amicus, the free market American

Idiot. No new regulation has anything to do with the climb in prices this week.

what has something to do with this week's climb is the refinery explosion in Argentina and the storm which is disrupting refining in the Gulf.

And that is the free market at work. Less supply this week, same demand, higher prices.

But you're the fucking genius.

 

[Busybody]

Idiot. No new regulation has anything to do with the climb in prices this week.

what has something to do with this week's climb is the refinery explosion in Argentina and the storm which is disrupting refining in the Gulf.

And that is the free market at work. Less supply this week, same demand, higher prices.

But you're the fucking genius.

err, gasoline demand is at 1995 levels

we have MORE oil now then then

why are prices up?

*views post*

 

[amicus]

Idiot. No new regulation has anything to do with the climb in prices this week.

what has something to do with this week's climb is the refinery explosion in Argentina and the storm which is disrupting refining in the Gulf.

And that is the free market at work. Less supply this week, same demand, higher prices.

But you're the fucking genius.

~~~

Yeah, lady, I am and you ain't.

The female trait of only seeing what is between your legs is showing in your recent posts. By that I mean myopic, near sighted, either ignorant or avoiding the forty year effort by the left to price petroleum products and fossil fuels out of the market.

Now tell me you are not an environmentalist.....naw...left you wiggle room there, a rabid, insane environmental freak.

Amicus

 

[BoyNextDoor]

Not really.

The crude market is competitive. It isn't just the US as the major consumer, it is the world.

Regulation has stifled production in the US, so the new exploration and develpmentis are elsewhere.

Why is that you people always want to regulate and control everything and everyone?

Don't answer, you won't anyway, and I already know.

Amicus, the free market American

In a free market, the gas in the underground tanks under the station today has a price based upon conditions when it was pumped and refined. There is no market correction, in the classical sense, happening on that commodity.

Any correction - and I agree the market should provide for that correction -- should be felt, in a free market, in the supposed scarcity of supply caused by the weather and felt as that supply makes its way through the distribution system.

That is not what is happening. What is happening is an expression of market power in a market that is not free.

Get it?

 

[kbate]

~~~

Yeah, lady, I am and you ain't.

The female trait of only seeing what is between your legs is showing in your recent posts. By that I mean myopic, near sighted, either ignorant or avoiding the forty year effort by the left to price petroleum products and fossil fuels out of the market.

Now tell me you are not an environmentalist.....naw...left you wiggle room there, a rabid, insane environmental freak.

Amicus

Ignoring the objective reality in order to spout theory irrelevant to the thread.

Typical of the ignorant zealot.

 

[bra_man69]

Intel the fed says no to qe3 gas well be going up
If the fed does qe3 gas well go higher free money to the banks there going play in the market to make money
If the fed says no to qe3 gas going fail there's no shortage we are exporting gas right now.

 

[Busybody]

In a free market, the gas in the underground tanks under the station today has a price based upon conditions when it was pumped and refined. There is no market correction, in the classical sense, happening on that commodity.

Any correction - and I agree the market should provide for that correction -- should be felt, in a free market, in the supposed scarcity of supply caused by the weather and felt as that supply makes its way through the distribution system.

That is not what is happening. What is happening is an expression of market power in a market that is not free.

Get it?

yes....true


but then THIS isnt the OIL companies inititive, but rather the GAS STATION owner.....usually independent

 

[Johnny_Ray_Wilson]

Not really.

The crude market is competitive. It isn't just the US as the major consumer, it is the world.

Regulation has stifled production in the US, so the new exploration and develpmentis are elsewhere.

Why is that you people always want to regulate and control everything and everyone?

Don't answer, you won't anyway, and I already know.

Amicus, the free market American

Idiot. No new regulation has anything to do with the climb in prices this week.

what has something to do with this week's climb is the refinery explosion in Argentina and the storm which is disrupting refining in the Gulf.

And that is the free market at work. Less supply this week, same demand, higher prices.

But you're the fucking genius.

Better yet, when was the last time we decided to build another oil refinery to put an end to this mess concerning gas/oil prices or pathetic excuses to raise the costs at the pumps?

 

[koalabear]

Idiot. No new regulation has anything to do with the climb in prices this week.

what has something to do with this week's climb is the refinery explosion in Argentina and the storm which is disrupting refining in the Gulf.

And that is the free market at work. Less supply this week, same demand, higher prices.

But you're the fucking genius.

We do not import oil from Argentina and nothing is refined in the gulf.

"The United States exported 3.2 million barrels of refined petroleum products a day and imported just 2.2 million barrels a day. That's a surplus of exports over imports of roughly a million barrels a day. For the first nine months of 2011, according to the U.S. Energy Information Agency, the U.S. exported 752 million barrels of refined petroleum products: gasoline, jet fuel, kerosene and such chemical-industry feed stocks as ethylene, butane and propylene."


There is no shortage.

 

[Johnny_Ray_Wilson]

We do not import oil from Argentina and nothing is refined in the gulf.

"The United States exported 3.2 million barrels of refined petroleum products a day and imported just 2.2 million barrels a day. That's a surplus of exports over imports of roughly a million barrels a day. For the first nine months of 2011, according to the U.S. Energy Information Agency, the U.S. exported 752 million barrels of refined petroleum products: gasoline, jet fuel, kerosene and such chemical-industry feed stocks as ethylene, butane and propylene."


There is no shortage.

Agreed.

 

[Lancecastor]

Gasoline has been artificially cheap in the USA for more than 50 years.

Right now, the USA has the cheapest gas of any country most of us would want to live in.

$4 a gallon is cheap cheap cheap.

http://www.mytravelcost.com/petrol-prices/

 

[Johnny_Ray_Wilson]

Gasoline has been artificially cheap in the USA for more than 50 years.

Right now, the USA has the cheapest gas of any country most of us would want to live in.

$4 a gallon is cheap cheap cheap.

http://www.mytravelcost.com/petrol-prices/

Shhhhhhh! Do not spoil our fun.

 

[Aquagal]

I live 20 miles from a refinery, yet this week it's $4.14 a gal?

It's all blah blah blah to me.

 

[bra_man69]

Gasoline has been artificially cheap in the USA for more than 50 years.

Right now, the USA has the cheapest gas of any country most of us would want to live in.

$4 a gallon is cheap cheap cheap.

http://www.mytravelcost.com/petrol-prices/

Take your bullshit and move on.

 

[Polarbear57]

In Germany the price for a gallon
is now around 6,375 €uro, that´s
8 US $.

 

[Johnny_Ray_Wilson]

Okay, even considering the US pays rather low on unleaded gas and somewhere in the middle on diesel....has anyone here even remotely considered how that weighs against the costs of war in the Middle East? Or the lives lost there for that precious oil?

 

[Lancecastor]

Regular gas here is about $5.52 USD per US gallon today.

Okay, even considering the US pays rather low on unleaded gas and somewhere in the middle on diesel....has anyone here even remotely considered how that weighs against the costs of war in the Middle East? Or the lives lost there for that precious oil?

That Trillion Dollars or whatever it was the USA spent `liberating`Iraq could have bought a lot of oil.

 

[BoyNextDoor]

Regular gas here is about $5.52 USD per US gallon today.



That Trillion Dollars or whatever it was the USA spent `liberating`Iraq could have bought a lot of oil.

I couldn't agree more.

The fact is that the US has 5% of the population an we consume 20% of the world's annual energy production So with those numbers we are highly impacted and the economy reacts with more volatility when gas prices rise.

Which makes it even worse that the price at the pump goes up for a fucking weather pattern. What's equally disturbing and as large a part of the sham is the media and they way they report it here. Saying gas went up as a result of the hurricane, as if that were the cause. The complicit fucks.

 

[Lancecastor]

Saying gas went up as a result of the hurricane, as if that were the cause. The complicit fucks.

I get it.

So, when does the Retailer set his price... and on what basis?

Are you saying that gasoline should be priced to you on the basis of its market price the day it was pumped into the retailer's underground tank?

Or on the basis of when the Retailer was Billed for it by the Wholesaler?

Or on the basis of the Current Market Price of Brent Sweet Light at the moment you pump it?

Or what?

Isn't it a bit obvious that the weather does affect the price?

What's your beef, dude?