Make it 99 and we'll talk

Shrub is bringing down the price with his never ending fight for freedom. It all makes sense now. No wonder he has been so cocksure. While talking when his mouth is full, and giving backrubs to unhappy europe people he is sucking the oil from Osama Been Laughing's geyser and the part that drips off his chin lands on New Orleans and turns it into the Emerald City and the Wizard of Rummy lives next door to Santa Condi and then we get pizza.

In Tucson, I have been paying 2.85 a gallon for 91 octane for over a month. Im pretty happy...

I will believe it, when I see it.....

Guys it is not OPEC this time. The president of OPEC already explained he did not like gas prices being so high because it drives people to look for alternative fuel. The issue is the American and British multinational companies fixing the prices at the pump. Obviously it IS rigging pump prices because now they are bringing the prices down AND It IS LABOR DAY WEEKEND. Prices ALWAYS go up on a DRIVING Holiday.

Don't fool yourself Spitts, OPEC DOES set the price for a barrel of oil. When they say they would prefer it to not be as high, it comes with a wink!

If you look at the price of oil over time, there have always been boom/busts in price. It's very cyclical, and if the world economies slow down, and demand drops just 2 to 3 %, that little bit of excess capacity drives oil and gas prices lower. And that is true regionally as well.

If everybody in the US needed to fill up there gas tanks at once, there would not be enough gasoline in gas stations tanks to fulfill demand. If the stations and refineries load up to meet an expected spike in demand (ie laborday wwekend drivers) and the demand fizzles due to bad weather....the price drops.

It's funny how very few people remember the simple economic theory of supply and demand.

Let's See The November Elections Are Coming Up And Cheney Still Has Not Let Anyone In On His Secret Meeting Will The Oil Company CEOs.

Gas Prices Fall Even Though Iran Refuses UN Orders And The Storm Season Has It's First Set of Major Storms ?

Hmmmmmmmm

-Sarge

Spitts,

you are 100% correct and I spent 5 years stationed in Alaska and know how US Oil becomes more profitable when Oil prices are high.

Also gues which companies were against Our Enemy Chavez's Universal Oil Standard $50.00 A Barrel ?

-Sarge

sure: with mid-terms elections coming up, the prices will fall so that the oil companies can maintain their grip

sure: with mid-terms elections coming up, the prices will fall so that the oil companies can maintain their grip

Not exactly, with midterm elections coming up, prices are falling so Republicans can maintain their grip. I don't recall the exact number, but something like 3/4 of the oil deposits in this world are nationalized. The majors have little influence on price fluctuations.

Here in Southern California most people would be surprised and thrilled if the price of gasoline dropped to $3.00 a gallon.

I just drove from Los Angeles to Sacramento. The cheapest gas I saw on US5 was $2.95 a gallon at an Arco. Chevron regular unleaded was at $3.25 and $3.29.
My paranoia leads me to believe that the red states get cheaper gas than blue states.

In Jersey my local Exxon sells at $2.75. Gas taxes are relatively cheap.

"I just drove from Los Angeles to Sacramento. "

You poor thing. You have our sympathy.

Taxes embedded in the price of gasoline, for example, range from 24-52 cents on the dollar (depending on what state, etc.).

In 1999 I Paid $.79 A Gallon And Did Not Think A Damn bit About Taxes. They Have Not Risen Since But I Just Paid $3.25 A Gallon So Who Is Making The Profit Now ?

Voodoo Economics At Work, Right ?

-Sarge

Ray

Oil companies appear to have zero interest in building new facilities. Just as they appear to have zero interest in maintaining the facilities they have now. You cannot blame it all on environmentalists and government regulation.

Except that it is convenient for you to do so.

Moder8

I would agree with that. Gas in Quartzsite,AZ, two hours from anywhere, is 45 cents cheaper than in Torrance, CA next door to the refinery. And no, taxes alone are not the difference. Same for Brookings, OR, 2 1/2 hours from the nearest interstate.

The Red States:

1. Fatter By Far

2. Lower IQs By Far

3. Lower Gas Prices By Far

4. Voted For Bush By Far

They Are Fat Dumb And Happy !!!

-Sarge

Funny how smart some people think they are? And those same people can be led just like a Bull with a ring in his nose. I am laughing so inside but in reality this is so sad. Sorry your ox was gored. But did you have to put him down from just a superficial wound? And of course you cannot understand. The more intelligent someone believes they are the more arrogant they become and the more their lack of intelligent actually is exposed. It is so easy to talk down to people you believe are below you and all you really accomplish is completing the fool.

"Funny how smart some people think they are? And those same people can be led just like a Bull with a ring in his nose. I am laughing so inside but in reality this is so sad. Sorry your ox was gored. But did you have to put him down from just a superficial wound? And of course you cannot understand. The more intelligent someone believes they are the more arrogant they become and the more their lack of intelligent actually is exposed. It is so easy to talk down to people you believe are below you and all you really accomplish is completing the fool"

What in the world was this about? Bizarre.

Ted
You cannot blame it all on environmentalists and government regulation.

Except that it is convenient for you to do so.

Oil companies are profit seeking enterprises. I guess in your book it's their fault that they can't build a refinery in this country without losing money.

"Oil companies are profit seeking enterprises. I guess in your book it's their fault that they can't build a refinery in this country without losing money"

How could a company possibly lose money refining oil? It is a little hard to believe that refining the most in-demand commodity today is not profitable.

I guess in your book it's their fault that they can't build a refinery in this country without losing money.

Ray,

Do yourself a favor. Read the above out loud.

See how stupid it sounds?

it is my understanding that the environmental wackos have been able to get so many things attatched to building a refinary that it is not cost effective...is that correct ....

and even though there has really only been a hint at the charge that bush is now telling the oil companies or at least that they are in cahoots....but not a one of you brainiacs has bothered to mention just how he is able to do that.....that is pure nonsense.......

filled up yesterday at 2.46.......but remember that not far from here is miles of refinaries that could blow at any moment and is prime target area for terrorists......and the air in some places is pretty thick.....we SHOULD pay less because of some of that.......

Are all the refineries back on line in LA?

How did we meet the demand for gas with so much damage?

The prices went up - but somehow we had enough refined petroleum, even with the cost of Crude going up due to whatever the cause.

and of course there is supply and demand.....how many years now has the price gone down at and after labor day?
just about every year....isnt that right?

Here in Southern California most people would be surprised and thrilled if the price of gasoline dropped to $3.00 a gallon.

Posted by CalifChris at 2006-09-02 04:14 PM

It has been, since about the middle of last week, at least in Northern Orange Co. it has been selling for under $3.00 a gallon (I paid $2.959 in Cypress yesterday morning).

OCU

"I guess in your book it's their fault that they can't build a refinery in this country without losing money."

Ray,

Do yourself a favor. Read the above out loud.

See how stupid it sounds?

I can see how stupid Ted Baxter sounds. Why the fuck should the majors build a refinery in this country when they can do it in somewhere else at less cost?