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Myths about gas prices mask real problems »

Posted by: STONERS 2 years, 5 months ago

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Whew, gas prices are high. Higher than they've ever been. During the week of May 21, the Lundberg Survey, a gas price tracking service, put the average cost of a gallon of unleaded at $3.18. Adjusted for inflation, that topped the 1981 price spike that had held the record for 26 years.

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STONERS

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Comments: 67

Avg rating: (+7/-1 6)
STONERS
June 10, 2007, 1:37 p.m.
"Prices have since slipped a bit, but many predict they'll stay up near the stratosphere all summer. Wondering why? The answers may not be what you think. Here are five common myths about why we're paying so much at the pump."
Avg rating: (+11/-3 8)
Justice4All
June 10, 2007, 5:45 p.m.
Technology generally brings commodity prices down. But oil is a non-renewable commodity so it doesn't fit the model. When we slip from a 1% oversupply to a 1% undersupply prices will shoot up. That cycle will repeat itself for a few years until technology can no longet compensate. At that point the high price will regulate consumption.
Avg rating: (+11/-1 10)
OldRusty
June 10, 2007, 5:52 p.m.
This story just another crock of crap.Oil companies and our own elected are the reason the gas prices are so high, and neither are doing anything to help the average tax paying citizen., So this election,, No one party for me.
Avg rating: (+7/-3 4)
evelyna
June 10, 2007, 6:02 p.m.
Soon they will not be able to make any more money putting people into debt. What will they do?
Notice how the stores are trying to get people to buy larger quantities to make money for themselves and they are still losing money.
Lose your house, don't eat, but drive. Your car has 4 walls and it can be as good as a home. Why don't they have portable showers?
Avg rating: (+0/-0 0)
OldRusty
June 10, 2007, 6:28 p.m.
Remember the seven sisters, all oil companies and the mafia.might just work.
Avg rating: (+0/-0 0)
Obaku
June 10, 2007, 7:55 p.m.
And after all the propaganda, a call for the government to fix everything.
Yeah, right.
Avg rating: (+4/-8 -4)
zplan
June 10, 2007, 9:01 p.m.
Man, 15% for fuel, plus the car payment and everything that goes along with a car, that's quite a chunk.
Avg rating: (+6/-1 5)
oktoberfest
June 10, 2007, 9:51 p.m.
Great article. It says what I've been saying all along. The American consumer is the problem. We've got to get more efficient. What better way to get back at the oil companies!
Avg rating: (+0/-0 0)
SS454
June 10, 2007, 10:23 p.m.
Lets try using the Real Problem..REPUBLICONS!
Avg rating: (+5/-1 4)
bubba2
June 11, 2007, 12:12 a.m.
The price of gasoline is NOT the consumers' problem.
Read this info --
http://money.netscape.com/story/2007/06/10/cons...
The oil companies are financially RAPING the consumers.
The media keeps saying that the price is high because there are not enough refineries to produce gasoline to feed the needed supply.
But what the media is NOT telling you is that the oil companies have not only not built any refineries in 30 years, they have shut down many of the refineries that USED to produce gasoline in order to reduce supply and increase prices and thus increase THEIR PROFITS.
http://www.citizen.org/cmep/energy_enviro_nucle...
http://wyden.senate.gov/leg_issues/reports/wyde...
Avg rating: (+9/-2 7)
harriermech
June 11, 2007, 12:48 a.m.
Yep it's always the same old thing blame Bush and the Republicans. Yes don't blame the left for causing the EPA to hamper our abilities to build more refineries in the US. I wonder how long it would take for green peace or some other wacky lefty group to protest a new refinery. If you want to get an ideal how big the EPA is go to DC and look at the buildings. The EPA has two of the largest buildings in DC they cover 2 square city blocks. This is part of the problem the EPA hurts our ability to grow. I got an ideal tell the EPA to ****** off build more refineries quit having some many different kinds of fuel for different cities then maybe we can get cheaper gas. A company makes some money after years of just getting by and now people are all over them. I bet if someone came up and told you were going to make a billion dollars this year no one on here would turn it down. Yet if a company does it then shame on them.
Avg rating: (+2/-6 -4)
harriermech
June 11, 2007, 12:49 a.m.
If you don't like the high prices don't buy gas. Get a bike take the bus just don't push your hippy BS lifestyle on those of us that really don't care. If I want to drive my SUV 100 miles a day and can afford the gas then so what.
Avg rating: (+9/-0 9)
Teech
June 11, 2007, 12:51 a.m.
B U L L S H I T !
How do you spell Cartel?
Avg rating: (+0/-0 0)
angry-ken
June 11, 2007, 12:55 a.m.
It's ALL the oil companies. Not Bush, not republicans, not consumers. There is no shortage. They are jacking up prices because they can get away with it. I don't have a bus route to work, it's too far to bike, and I can't carpool because no one I work with lives in my area. And I won't buy a hybrid because I refuse to give up the car I love for the sake of less fuel consumption. All drivers need gasoline and the only people who can change this mess are the oil companies.
Avg rating: (+0/-0 0)
SlapALib
June 11, 2007, 4:41 a.m.
Start by taking away the subsidies immediately, then we'll see where we are at.
Avg rating: (+0/-0 0)
Rhialto
June 11, 2007, 6:44 a.m.
The problem lies in the bottleneck at the refineries. They will only refine a certain amount to keep prices rising. With these huge profits, they could build more, but will hurt there bottom line in the future. Why this problem is not addressed by government and media is baffling.
Avg rating: (+9/-0 9)
evelyna
June 11, 2007, 9:31 a.m.
The consumer is not the problem. In countries where gas is $5.00 or more and public transportation is the norm-the price of gas should go down because the demand is much lower. Then why doesn't it?
My point was the government co-conspires with the corporations to rape the american public any way they can.
After storms or hurricanes price gouging is not allowed(suppose to be a crime). What is price gouging, usury, bait and switch,loan sharking, and soon to come debtor's prisons I suppose. None of this is illegal now.
People walking 100s of miles will not change the price of gas.
Avg rating: (+0/-0 0)
saneman
June 11, 2007, 10 a.m.
Hydrogen gas is readily available and the technology to create hydrogen gas from water has been known for over 80 years, but nothing has been done. Why? Because the oil companies have the politicians in their back pockets, and there is no money in creating hydrogen gas from water.
Avg rating: (+7/-2 5)
royal-m
June 11, 2007, 10:37 a.m.
At the end of the day none of the whys matter...When you are on a budget and have to drive high gas prices suck the air out of your spending money......It is not good for the economy and not good for families...and will eventually be one of the things that deflates the artificial boom we are experiencing right now....
and only a retard would desire to leave the solution entirely to the people who are making billions off of the problem...They will have to be part of the solution but they shouldn't have a choice in the matter
and as to this whole if I can afford it so ...so what if gas is $5 a gallon...I can't say what I think about that in a public forum ....
Avg rating: (+0/-0 0)
4cprocess
June 11, 2007, 11:14 a.m.
I sunk this story but felt the need to explain why. Even though the author makes a lot of good points, but when it came down to the myth about more drilling and refining the author did not adress these topics but simply went into a totally different direction, "conservation".
I truly believe from everything I have read and understand about this issue is that not only do we need more refining capability but we really do need to find a way to aquire a greater percentage of our oil from right here in the US. I haven't seen one article denying that these oil supplies do not actually exist here.
I'm not saying conservation is not important, it's just the facts that knowing we haven't built a refinery in 30 years and knowing that additional oil supplies exist on our very soil seems to prove that we just continue to pursue the remedy for this issue with bliners on.
In God We Trust
anioklyComment has been removed: User banned.
Avg rating: (+4/-2 2)
4cprocess
June 11, 2007, 12:45 p.m.
A great cartoon that should appear on the front page of the Washington Times editorial page should be one of an Arab Woman that has a suicide belt stapped to here body clutching an American baby who is nursing her breast that has the world "oil" in bold letters tattooed to it!
Avg rating: (+0/-0 0)
Countryhick
June 11, 2007, 1:53 p.m.
Blame those guys , let me see what are they called , Commodity Traders , driving up the price .
Again STONERS , you never stop , stock prices down for you ?
Avg rating: (+0/-0 0)
dunkirk
June 11, 2007, 2:01 p.m.
And as the article says gas prices have doubled in the last 5 years. Im curious has China suddenly started requiring more oil, enough to affect prices, in JUST the last 5 years? While the article posts some plausible theories on the cost of gas they ALL existed before and suddenly around 5 years ago they all started to affect the cost of gas significantly?
Hmmmmm.