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Joined: Dec 2005
Posts: 369
Campfire Member
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OP
Campfire Member
Joined: Dec 2005
Posts: 369 |
Gasoline prices have been steadily rising. I hear prices in the $3.00 area in California now. Prices in my neck of the woods for unleaded run around $2.50-$2.53 right now.
I just can't understand the pricing anymore. I was a stanch defender of the oil companies. Things just don't seem right anymore. There is always some excuse for higher prices, and an excuse for not lowering a price. A while back when the price of oil was dropping rapidly, we saw price declines, but nothing near the $0.04/gallon of refined gas per dollar of a barrel of crude. Prices should have been significantly below $2.00/gallon, but it didn't happen where I live and I don't live in CA.
Prices are rising and everyone says... oh, it's Iran. Oh it's Venzuela? Well, there is nothing happening in Iran except the ravings of the president there. The wind changed to coming from the north, time to jack the price of gas up. The refineries are producing more heating oil; time for a price increase. The refineries are doing the "spring cleaning"; time to raise the price. Does it ever stop? Crude oil keeps being pumped and we keep paying higher prices. Maybe it's time for a another war, so at least it will seem like there is a reason for the crude prices.
What is your take on the oil companies and pricing? I know the future's market drives the price. Is the world getting snookered? I think so....
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Joined: Oct 2002
Posts: 96,121 Likes: 1
Campfire Oracle
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Campfire Oracle
Joined: Oct 2002
Posts: 96,121 Likes: 1 |
"Dear Lord, save me from Your followers"
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Joined: Nov 2005
Posts: 6,168
Campfire Tracker
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Campfire Tracker
Joined: Nov 2005
Posts: 6,168 |
I bet we will see at least $4.00 before summer is overwith.
The collection of taxes which are not absolutely required, which do not beyond reasonable doubt contribute to public welfare, is only a species of legalized larceny. Under this Republic the rewards of industry belong to those who earn them. Coolidge
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Joined: Nov 2006
Posts: 113
Campfire Member
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Campfire Member
Joined: Nov 2006
Posts: 113 |
Gas in my neck of the woods is $2.48. I can tell you one thing, it is terribly expensive to drill a well. Have interst in some gas wells in Oklahoma. Today-a services co ran up an $8,600 bill for one days work just retrieving the tools downhole that another company lost. People gripe about gas prices, but at 2.5 million a well, it is quite a risk-even for a small percentage player!!!
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Joined: Apr 2006
Posts: 632
Campfire Regular
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Campfire Regular
Joined: Apr 2006
Posts: 632 |
i think that the speculators on wall street are the ones that are really making the killing off of oil. sure the oil companies are making plenty of money, but they have very little control over the price of oil. that being said, i sure would like for it to go down in price, but i think the american people have become "accustomed" to paying over two dollars a gallon for gas. i don't see it going back down anytime soon. diesel is just plain outrageous. right now, it is around 2.75 a gallon.
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Joined: Jan 2006
Posts: 18,453
Campfire Ranger
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Campfire Ranger
Joined: Jan 2006
Posts: 18,453 |
Is that per quart?
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Joined: Dec 2005
Posts: 40,179
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2005
Posts: 40,179 |
Liberals reminded us it was the fault of the party in power. Using that logic the democrats are now the party in power so it MUST be the fault of Pelosi and gang.
Are democrats in bed with the satanic oil companies?
Do democrats care more about corporate profits than working families?
Is Pelosi having secret meetings with the Saudi's?
Terrible, democrats should be ashamed!
Son of a liberal: " What did you do in the War On Terror, Daddy?"
Liberal father: " I fought the Americans, along with all the other liberals."
MOLON LABE
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Joined: Oct 2002
Posts: 96,121 Likes: 1
Campfire Oracle
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Campfire Oracle
Joined: Oct 2002
Posts: 96,121 Likes: 1 |
However they sell it in Madagascar
"Dear Lord, save me from Your followers"
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Joined: Feb 2006
Posts: 8,639
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2006
Posts: 8,639 |
It's between 2.69 and 2.92 here in my neck of the concrete jungle... of course there's zone pricing to deal with here too... Got to be the democruds fault - it was 2.19 before they came into control...
Speak softly and use a big bore... Where's El Cid when we need him...
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Joined: Aug 2005
Posts: 28,268 Likes: 7
Campfire Ranger
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Campfire Ranger
Joined: Aug 2005
Posts: 28,268 Likes: 7 |
rpowell is correct. Look no further than the traders on Wall Street. Crude Oil is around $66/bbl so obviously prices are going to be steep. It is a speculative market to say the least. I wonder how many hunters are going to bitch and moan at the corn farmers when we pay $6-$7 for a bag of corn this fall. It's the same logic......corn is a traded commodity also, dictated by the traders on Wall Street.
It is irrelevant what you think. What matters is the TRUTH.
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Joined: Feb 2007
Posts: 122
Campfire Member
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Campfire Member
Joined: Feb 2007
Posts: 122 |
It's at $2.69 here currently....and I also think it will continue to climb especially approaching summer.
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Joined: Oct 2002
Posts: 96,121 Likes: 1
Campfire Oracle
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Campfire Oracle
Joined: Oct 2002
Posts: 96,121 Likes: 1 |
I think it will drop once the windmill powered Kia's hit the street.....
"Dear Lord, save me from Your followers"
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Joined: Jan 2001
Posts: 5,087
Campfire Tracker
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Campfire Tracker
Joined: Jan 2001
Posts: 5,087 |
Regular is $3.09 here in Liberal Western Washington and climbing. How much is it in Bagdad? Several dead soldiers per day?
Bullwnkl.
Money talks Bull [bleep] walks Business as usual
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Joined: Aug 2004
Posts: 2,520
Campfire Regular
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Campfire Regular
Joined: Aug 2004
Posts: 2,520 |
Funny, I was just wondering about it myself. Morning news said the national average is about $2.70/gal. I'm seeing prices of at least $3.20/gal here in San Jose (California). So, if gas is $3.20/gal here, who's paying $2.20/gal elsewhere?
Guns are like guitars - you can never have too many.
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Joined: Nov 2003
Posts: 67,766 Likes: 5
Campfire Kahuna
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Campfire Kahuna
Joined: Nov 2003
Posts: 67,766 Likes: 5 |
$2.76 here in Gainesville today. We have the highest taxes on gas in Florida though. It is cheaper in Jax or Orlando.
Sam......
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Joined: Dec 2004
Posts: 17,247
Campfire Ranger
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Campfire Ranger
Joined: Dec 2004
Posts: 17,247 |
$2.57 here in Ouachita Parish, LA. Up $0.18 in the last week.
Now with even more aplomb
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Joined: May 2004
Posts: 2,811
Campfire Regular
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Campfire Regular
Joined: May 2004
Posts: 2,811 |
When supply is only a tad over demand, any slight disruption, whether real or imagined, causes the price of crude to go up. And yes, Iran is part of the problem. And yes, refineries have to shut down for periodic maintenance.
Just get used to it guys. It's not lickely to change.
muddy
"A good judge applies the law as it is, not as she wants it to be", Justice Sandra Day O'Connor.
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Joined: Aug 2005
Posts: 28,268 Likes: 7
Campfire Ranger
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Campfire Ranger
Joined: Aug 2005
Posts: 28,268 Likes: 7 |
Hey pix....how much of your gasoline price is California State taxes? Every state is different, the federal tax (20 cts/gal)is the same nationwide.
It is irrelevant what you think. What matters is the TRUTH.
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Joined: Dec 2005
Posts: 369
Campfire Member
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OP
Campfire Member
Joined: Dec 2005
Posts: 369 |
I think the oil companies like it this way. When they can produce at 90% of capacity or there abouts any excuse for higher prices will do and the consumer has to accept it.
Build more refineries? Sure. But with all the environmental regs, permitting costs, and so forth, why build one until you just have to. Why build one so you then produce at 70% or capacity? Why? Because it takes years to get a refinery into production and they wear out.
Drilling costs? Yeah, it's expensive. But we a buying oil like crazy from the Middle East where they essentially just need to turn on the faucet; shallow wells and big reserves.
I believe nothing will be done without a huge depression. Who really is affected? The little guy who gets up and drives to work every day for his $10/hr. I prefer to keep the government out of it for solutions; the government taxes the heck out of fuel all over the world. Al Gore probably loves to see the price spikes (global warming bs), but he does not live in the real world where $0.50/gallon makes a difference.... do as I say, not as I do....
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Joined: Dec 2005
Posts: 40,179
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2005
Posts: 40,179 |
Regular is $3.09 here in Liberal Western Washington and climbing. How much is it in Bagdad? Several dead soldiers per day?
Bullwnkl. If the war is for oil, then where is this oil? Iraq is an OPEC member, the US turned over control of their oil in 2002. Do you get it now?
Son of a liberal: " What did you do in the War On Terror, Daddy?"
Liberal father: " I fought the Americans, along with all the other liberals."
MOLON LABE
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