Gas Prices

[CREWZIN]

Anyone else getting these emails from friends talking about the outragious price of gas? I'm receiving two of them; one syas to stop using EXXON/MOBIL gas and use any other gas you can find as these two companies reported hugh ($7 Billion) profits and maybe if enough people don't buy that brand they will lower their price and other companies will follow to meet the lower price. The other email is asking everyone not to buy gas at all on September 1st to send a message to the oil companies. [:I]

[Hooligan]

The email about not buying gas at (you fill in the date) has been around quite a few times in the past months.

I don't even pass them on. I can't see people not buying gas on that date, they will either fill up before or after buying as much or more as they would have on that date.

[Jimbo]

quote:Originally posted by Hooligan

The email about not buying gas at (you fill in the date) has been around quite a few times in the past months.

I don't even pass them on. I can't see people not buying gas on that date, they will either fill up before or after buying as much or more as they would have on that date.

I agree

[quicksilverdon]

This is only temporary. The Energy bill just passed will kick in and solve everything....[}]

[CREWZIN]

Sure Don...meanwhile they just said that since New Orleans is a major port for about 1/3 of the oil coming into the U.S., they expect gas prices to raise by about 20 cents more a gallon by the end of the week. [xx(]

[Espresso]

We get ours over here from The Port of Tampa. There is also the Port Everglades. So we are in no way at risk of not being able to have fuel delivered to us. Over the last few days the fuel prices here actually dropped 2 cents.

[CREWZIN]

quote:Originally posted by Espresso

We get ours over here from The Port of Tampa. There is also the Port Everglades. So we are in no way at risk of not being able to have fuel delivered to us. Over the last few days the fuel prices here actually dropped 2 cents.

I hope your right, but I'm sure the oil companies will find a way of blaming the New Orleans ports for a raise in price to our pumps. [:0]

[quicksilverdon]

Isn't just New Orleans - there are LOTS of oil rigs in the gulf - have you seen pics of how huge Katrina is?
I heard oil hit $70 a barrel...

My energy bill remark was sarcasm....We should fire congress.

[Espresso]

The traders on Wall Street are who are controlling the prices. Then the Public Utilities Commission in each state sets the final price( minus tourists tax & local tax per county). Then ofcourse the gas station sets their profit on top of that. Not the oil companies.


Check out Hawaii. They put a cap on their gas prices. So they can only go to a certain dollar amount. They in essence told Tesoro & Chevron (their 2 refiners there) to f*** off. They capped it at $2.15(pre tax) & told them to deal with it.
I laughed my butt off at that.

Why we cant do that here in the lower 48 is beyond me.

[fritz_t_coyote]

quote:Originally posted by Espresso

The traders on Wall Street are who are controlling the prices. Then the Public Utilities Commission in each state sets the final price( minus tourists tax & local tax per county). Then ofcourse the gas station sets their profit on top of that. Not the oil companies.


Check out Hawaii. They put a cap on their gas prices. So they can only go to a certain dollar amount. They in essence told Tesoro & Chevron (their 2 refiners there) to f*** off. They capped it at $2.15(pre tax) & told them to deal with it.
I laughed my butt off at that.

Why we cant do that here in the lower 48 is beyond me.

Because you cannot repeal the law of Supply and Demand.

As soon as 'Chevron and Tesoro' stop making a profit in HI, there will be no gas in HI.

World demand for oil is climbing, with no end to demand in sight.
(China and India are putting Millions of new cars on the road as thier economies climb out of the dark ages)

World supply is pretty stagnent.

And nobody wants a new refinery in their state.

On the other hand, unless the government 'does something' (and the last time those Morons in DC 'did something' we ended up with gas rationing and long lines at gas stations that did have fuel) the market will stabilize at a price where formerly marginal sources are profitable (even the oil from shale program makes $en$e if the price of oil is high enough).