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Gas prices finally retreat »
Posted by: STONERS 2 years, 5 months agoModest decline in gas prices ends streak of a dozen consecutive record highs heading into Memorial Day holiday.
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Comments: 72
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capn_caveman
May 26, 2007, 2:20 p.m.FTA: With that drop in price, a car getting 25 miles per gallon can go only 82 feet further, almost the distance from home plate to first base on a baseball diamond.
Not really much of a retreat!
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PsychoHosebeast
May 26, 2007, 2:24 p.m.Whoever wrote this apparently didn't check the SF Bay Area. There was a picture in the local paper today, taken in San Mateo, $4.03 for regular, $4.28 for super.
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jordan11
May 26, 2007, 2:30 p.m.They want Congress to back off of regulating them, so they're lowering prices maybe?
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TOtheMOON
May 26, 2007, 3 p.m.Notice how they didn't in any way commit to predicting a rise or decline in prices. It was left wide open. Why then when the price goes up it is usually done because of impending doom? So now they can't predict that impending doom is impending??
On a silly note: Towards the bottom of the article on the right, there is a picture of "Allen Wastler". Thought it was silly.
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slate
May 26, 2007, 4:38 p.m.I'll call W and have him reduce it by a dollar on monday if you ask nicely
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zootallures
May 26, 2007, 5:20 p.m.what are they talking about? gas went up another 5 cents today. it's $3.50-3.60 for premium here on long island.
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canadianrancher57
May 26, 2007, 6:39 p.m.Boy these gas prices sure confuse me, just a few weeks ago we were told that they are set by bidding on the futuers market, so a quick check shows me that the July contract is off by only three cents from the high so where did this 25 cent move come from. Any one who thinks prices are not being manipulated must have been sniffing fumes.
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palamaComment has been removed: User banned.
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groingo
May 26, 2007, 7:52 p.m.Don't worry, they'll jump up again sooner than later and when they do go down they never seem to go as low as before they jumped the las time....gradually increasing and never looking back.
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OldRusty
May 26, 2007, 8:10 p.m.Now Who in the Hell, thinks this really is a news story?And a true story., the propaganda machines are at it.again.Some one just thought they were going to get caught lieing.
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getreal1
May 26, 2007, 11:21 p.m.I'm still waiting and I'm not holding my breath. Something that worked for me was to fill the tank up full and never let it get past the full mark. Seems like I use a whole lot less gas. Something to do with less air in the tank. A car mechanic told me to try that.
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jenorth
May 26, 2007, 11:56 p.m.when Fall comes around, they claim the price goes up because they have to make more heating fuel.
When summer comes around they claim it's because more people are driving.
They are using the same refineries all the time. They aren't changing sub systems to make different types of fuels.
The Oil is there, they just won't make enough of it to go around. That's how they manage to keep raising the price.
The FEDERAL government should set a standard price for the product to cover the entire Country.
HOW MANY BILLIONS OF DOLLARS of profits can we allow the oil companies to earn, without some form of Give back to the american public.
Are they using any of these profits to build new refineries ?
Nope !
When gas prices go up, they do so daily. When they go down, they do so every other month. if they can raise it the same day, why can't they lower it the same day ?
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evelyna
May 27, 2007, 1:49 a.m.Oh wow, 3/4s of the people did not go anywhere because they could not afford. Eureka! The line! Big deal, profit mogels are disappointed. May they rot in hell and then some!
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aelkins
May 27, 2007, 3:05 a.m.its very easy to explain the gas prices keep jumping cause bush owns oil companies and is trying to make himself some extra cash. as soon as bush is out of office the gas prices will drop and we wont have to worry about them.
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HanymanComment has been removed: User banned.
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Truleaf
May 27, 2007, 9:28 a.m.Despite a President that was elected by the oil companies, and tremendous greed by oil producers. I think the hybrid vehicles and alternative energy sources are so good and cost efficient, that oil companies see an end to their big profits. So they are grabbing everything they can while they can. Furthermore... when one raises the price of a product by 300%, then keeps it there until the public says "enuff is enuff", then when the price is lowered by only 1/3, the public is nice and happy, and the price still got increased by 200%. And the best part is, people will speak of revolution, but are to lazy to really revolt.
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saneman
May 27, 2007, 10:06 a.m.Oil companies claim that they make a net profit of only 10 cents per gallon, but keep in mind that every possible expense including salaries is first deducted from the revenues to come up with net profit. Every corporation inflates their expenses for tax reasons. The cost of machinery, for example, is usually inflated 4-fold and then depreciated and taken as a business expense. Also, these corporations set up holding companies which are located off shore and also set up trust funds which inflate the expenses to the corporations for doing specialized jobs according to these corporations thus reducing their on-paper net profits as low as possible. Most businesses create paper expenses which aren't really expenses and then deduct them as business expenses. If you believe that the stated net profits by these corporations are their actual net profits, you are terribly duped.
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K-Man
May 27, 2007, 10:17 a.m.The shortage of refineries is the main problem today.
And the oil companies and countries that produce oil don't want to build any more, just look at the profit they are making now on the ones they have, refining is the GOLD rush of the 2000's.
Alternative fuels is one solution but the other will be for people to start moving back to cities and closer to where they work, instead of living in the suburbs, or providing a alternate way of travel from the suburbs to the city. Many big cities have that somewhat but in most of the US cars and trucks are what get us to work and some of us travel great distances to go back and forth in order to live where we want to live. That will probally change with the continued high gas prices.
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Harbeas
May 27, 2007, 10:35 a.m.fsugrad
You are right about the state and local taxes, however, clarification on the .09 per gallon for the oil companies. From that small amount the oil companies are raking in billions of dollars profit. While profits are needed to sustain any business, there comes a point where profits of this size become unacceptable. Unless state and local taxes increase with any subsequent increase in gas you can't hold them responsible for the huge increase in prices.
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peterwoohoo
May 27, 2007, 10:38 a.m.Don't worry...
After HRC becomes President, I'll feel better:
1.) Won't need talk radio...just watch The View or Katie,
or listen to the Hollywood Icons (you know they're
smarter than a Caveman.)
2.) Universal Health Care for everyone in the world,
including illegal's.
3.) Meals, telephone , cable, rent, housing, transportation,
hospital will be free....oops that's Medicaid.
4.) If I'm lucky to own a car(Yaris), I'll be able to fill
up with a voucher at any Government Controlled Petro
Stations.
5.) Won't have to worry about property taxes, school taxes,
estate taxes, wills, legacies, & pensions.
6.) Won't be any more Big Company profits,CEO retirements
small businesses or unions.
Wait a minute....Didn't they try this before?? Oh yeah
In Russia, China, Cuba, North Korea.
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