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Confused About Gas Prices.

Bowler807

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Bowler807 Enthusiast

Bowler807

Posted
Posted

I just heard on the news that gasoline prices will be at $3.00 soon. Yahoo reports today that oil is at $79 per barrel.

 

In July 2008 oil prices were at $140 per barrel and we were paying $4.00 per gallon of gas. At the time the government was considering taxing the oil companies for windfall proffits. Well, the oil lobby disuaded the government imposed tax. The oil companies were able to "justify" the $4.00 per gallon cost based on the oil price.

 

Today in my area we are paying $2.89 per gallon for regular gas. With oil at 56.42% of what it was in July 08 ($79 ÷ $140 = .5642) why are we not paying a proportional price for gas? We should be paying $2.26 per gallon ( $4.00 x .5642 = $2.2568) not $2.89.

 

If $4.00/gallon was justified at $140/barrel, how can $2.89/gallon be justified when oil is now $79/barrel?????

 

I have to believe the extra $0.63 we are being charged per gallon of gas is nothing but greed. With US gasoline consumption at 378 million gallons per day, the oil companies are netting over $238 million per day extra. Windfall proffit???

 

That is what started this recession, and it is what will keep us from climbing out of it.

 

Who do I complain to?

 

OK, rant over.

Rolling Enthusiast

Rolling

Posted
Posted

here in Anchorage, I have not paid less than 3.25 / 87octane in the last year. Out of town its even higher, and we refine the fuel here in state!!!!!

csheatz Senior Enthusiast

csheatz

Posted
Posted

Yes I have noticed the gas prices have been slowly going up. There seems to be always something that causes prices to go up.

 

This is a huge part of the reason we are in the economic standing that we are in, also many other things but this is one of the top 10 i would suppose. The higher prices in fuel effect everything we do, not just our daily driving. Since every thing we buy has fuel transportation costs behind it!

 

Gas jumps over 3.25/gallon and this will be another summer vacation at home. I cant justify in my head or on paper why the hell I would pack up and drive somewhere with my TT when I would only be getting 12mpg at the most. We went on one camping trip when gas was 4.30/gallon here and the trip to and from cost more then everything else! it seems like it was about $90-$100 to fill up every 200 miles. To spend that much in gas I could stay home and have fun!

Stevens03 Senior Enthusiast

Stevens03

Posted
Posted
Gas jumps over 3.25/gallon and this will be another summer vacation at home. I cant justify in my head or on paper why the hell I would pack up and drive somewhere with my TT when I would only be getting 12mpg at the most.

 

 

I'm with ya... We have a trip planned to Myrtle beach with the camper and if gas goes up, we won't be going either. :lol:

adbaker Enthusiast

adbaker

Posted
Posted

We picked up a pop-up last summer, so the extra gas for towing isn't a huge concern, but our trips out will definitely be closer to home because of the gas prices.

knipper_03 Enthusiast

knipper_03

Posted
Posted

What do you think gas prices will be in 10 years? The same? Lower? or Exponentially higher? I remember in high school (Im 25) paying around $1.20 a gallon. That wasn't but 7-10 yrs ago. If it doubles again in ten years were are talkin $5 -$6 gas. Another thing is that our dollar is worth less. Hopefully our economy picks up. It just seem ridiculous to spend as much for fuel as you do the payment and its getting that way. The future is here, I'm all for renewable resources and boosting technology. Energy is what keeps a modern day society running....if it gets too expensive we will fall. Truth is our standard of living isn't sustainable. In the next few decades we either need to figure out how to become sustainable or we'll all be living in caves and tents again.

 

Thats my rant. I'd love to drive my truck EVERYWHERE but it sits in the garage and I drive it when I can justify it....most times the 28 mpg car goes out.

jrod332 Enthusiast

jrod332

Posted
Posted

i believe summer gas costs more than winter cause because of summer additives. but the demand for heating oil goes up which in turn drives up the oil price thus making gas higher. what makes me mad is why these oil tycoons need to be making 400 billion profit. :lol:

Crazy Canuck Enthusiast

Crazy Canuck

Posted
Posted

Just be happy you don't live in Canada. With the current exchange rates, I am paying $3.77 US for a US Gallon of gas. Once the doucebag who we elected as Premier of our province harmonizes the provincial and federal taxes on Canada Day (of all days to screw every consumer), we will be paying a full 8 % more.

chev1guy Enthusiast

chev1guy

Posted
Posted
i believe summer gas costs more than winter cause because of summer additives. but the demand for heating oil goes up which in turn drives up the oil price thus making gas higher. what makes me mad is why these oil tycoons need to be making 400 billion profit. :lol:

 

 

How else can you afford this :dunno: :

 

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uh6tdrvr Enthusiast

uh6tdrvr

Posted
Posted

Actually i thinkn its the winter blends that cost more because of the additives. That is why winter mileage decreases.

Stex Senior Enthusiast

Stex

Posted
Posted

Please folks, do not fall for the greens/administration anti-capitalism talk of big oil is bad, big insurance is bad, big bank is bad, big pharmacy is bad etc….Better know as the class envy ploy…The greens are blocking more and more drilling, blocking refineries (we have to import refined oil i.e. gas), blocking more and more coal fields, more and more nuke plants…we could be self sufficient with lower cost but no we want windmills that we have to subsidize….

And do not look just at profits; look at profits as a % of sales and as return on investment…do not fall for anti-capitalism actions that are swamping us now…..

It is simple, there is so much crude above ground and so much demand, more crude above ground the better:

AS SAID ABOVE: DRILL BABY DRILL

csheatz Senior Enthusiast

csheatz

Posted
Posted
What do you think gas prices will be in 10 years? The same? Lower? or Exponentially higher? I remember in high school (Im 25) paying around $1.20 a gallon. That wasn't but 7-10 yrs ago. If it doubles again in ten years were are talkin $5 -$6 gas. Another thing is that our dollar is worth less. Hopefully our economy picks up. It just seem ridiculous to spend as much for fuel as you do the payment and its getting that way. The future is here, I'm all for renewable resources and boosting technology. Energy is what keeps a modern day society running....if it gets too expensive we will fall. Truth is our standard of living isn't sustainable. In the next few decades we either need to figure out how to become sustainable or we'll all be living in caves and tents again.

 

Thats my rant. I'd love to drive my truck EVERYWHERE but it sits in the garage and I drive it when I can justify it....most times the 28 mpg car goes out.

 

 

Its very simple, if the automakers, oil companies, and wall street would stop blowing each other and run their damn business with the cunsumer in mind we would not have as many problems as we do. its more then possible to make our trucks get upwards of 50mpg, they simply dont need to because we still buy and drive, and the oil company speads the wealth as a result. Not to us of course. On top of that its rumored that we have enough oil and natral gas within the states to substain us for many many years, and we are not using it. While we are using the rest of the worlds until there is very little left then we will probably sell ours for some off the charts price, and oh yea even though we live here we will for sure pay top dollar for it. Things are run by people who care about themseves, and thats it. I got news for you, this countries "elected" officials dont give a flying F about us, as long as they live the high life. And let one of them tell me I dont need to have a truck if I am going to complain about the gas prices, they dont need a 5000sq ft house either but I bet they dont think about resourses when they heat that monster!

 

There ya go, got me all fired up and its only 9am!

 

:lol:

csheatz Senior Enthusiast

csheatz

Posted
Posted
Please folks, do not fall for the greens/administration anti-capitalism talk of big oil is bad, big insurance is bad, big bank is bad, big pharmacy is bad etc….Better know as the class envy ploy…The greens are blocking more and more drilling, blocking refineries (we have to import refined oil i.e. gas), blocking more and more coal fields, more and more nuke plants…we could be self sufficient with lower cost but no we want windmills that we have to subsidize….

And do not look just at profits; look at profits as a % of sales and as return on investment…do not fall for anti-capitalism actions that are swamping us now…..

It is simple, there is so much crude above ground and so much demand, more crude above ground the better:

AS SAID ABOVE: DRILL BABY DRILL

 

This is what I got for greenpeace....... :lol:

 

As human beings we are the only species on the planet that help and keeps our weak ones. In the wild they would be killed, and killed early because they could mate and creat more weak ones! we allow this, and this is fine, im not saying take um all to the back 40 and shoot um. Im just saying it causes us to have faults in every way possible.

 

This country was founded and built on war, we used guns. we ate meat and used guns, I think we should go back to this, you get meat and guns. If you dont eat meat, your weak and will die, if you cant shoot, your weak and will die. If you eat meat you will want to kill and eat more meat (by this i mean kill meat to eat or people for the meat/land they have). Anyone hear of Dr. Dennis Leary???

 

I vote for DRILL BABY DRILL

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