Cost of gasoline increases despite low crude prices »
Posted By STONERS 9 months, 2 weeks ago in Business & FinancePer-gallon prices of gasoline and diesel fuel continue to rise across the country even though per-barrel prices of crude oil have again dropped below $50.
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gwhiddon9 months, 2 weeks ago
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Here's a good reason why prices don't always follow the cost of oil.
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http://auto.howstuffworks.com/gas-price.htm -
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BigBadJohn6669 months, 2 weeks ago
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The refineries are holding back. They are not running full capacity to hold the supply down. We are plain and simply being gouged by the oil companies. They will get by with it because we Ameicans on the whole are too stupid to do anything about it.
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StevieGee9 months, 2 weeks ago
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I agree tchef. The reason that gas and oil prices dropped so suddenly was because they exceeded the price that people are willing to pay. With 200 million cars in this country, if each one used one gallon less per week that becomes 800 million gallons of gas that the oil companies have to put somewhere. Our refineries have a lot of tanks but not that many. Tankers will be lined up offshore pretty quickly. WE DO HAVE THE POWER TO CONTROL GAS PRICES. We've done it, we can do it again. Keep conserving gas and we win.
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4thchance9 months, 2 weeks ago
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Experts say America has enough Natural Gas of our own to power the country for at least the next 150 years. Here's my little questions...
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How come our cars don't run on natural gas/propane?
How come we don't use natural gas to power generators instead of using coal to power them?
Odd isn't!?-
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most_reasonable9 months, 2 weeks ago
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"How come we don't use natural gas to power generators instead of using coal to power them?"
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The purchase of Mobile by Exxon wasn't because Exxon wanted their gas stations.
Exxon had the oil reserves, Mobile had the Natural Gas reserves. That's why the gas reserves have not been available since the merger.
There used to be a law about Anti_trust, but starting with Reagan and followed up by George, it was felt that Monopolies were better for Americans. -
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wtagg9 months, 2 weeks ago
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It is also many times cleaner, so it solves two problems -security (dependence on foreign energy sources) and air quality.
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It is most likely the same reason why battery technology isn't available to us. The oil companies do not want us to have it.
http://www.ev1.org/nimhsup.htm
There is better technology available. Certain entities do not wish us to enjoy those technologies. -
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kobzikov9 months, 2 weeks ago
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If the numbers on CIA world factbook are correct then the "experts" don't know what they are talking about. But don't take my word for it, do the math yourself.
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US Natural Gas proved reserves: 5.977 trillion cu m (1 January 2008 est.)
US Natural Gas - consumption: 652.9 billion cu m (2007 est.)
https://www.cia.gov/library/publications/the-world...
You are not gonna get more then 10 years on US Natural Gas resources and that's at present consumption rates. What do you think would happen to the consumption rates if US transportation switched to natural gas? And to make a claim about the next 150 years you'd also have to factor in consumption growth rate. -
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canadianrancher579 months, 2 weeks ago
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Up here in Manitoba we have a socialist idea that does seem to work well for us here in this province. the government is who owns the plants and distribution of electricity. They say that we have the cheapest electricity in North America but I am not sure on that . The point I was going to make is that they are in the process of swithing all of the coal plants over to natural gas because of two reasons, gas is supposed to be cheaper and it is also cleaner. Sometimes socialism does work.
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most_reasonableComment removed: Spam
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most_reasonable9 months, 2 weeks ago
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The problem that we are now facing has to do with speculation fueled by the "loans" to the banks and their ability to "purchase" futures at an 8-fold multiple.
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Like in the case of Diesel fuel which historically has been lower than the cost of regular unleaded because of its cheaper refining costs, it has been running higher (before heating season) than even premium gasoline.
Pure speculation and manipulation.
Contact your reps and senators and get this stopped.-
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wtagg9 months, 2 weeks ago
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I enjoy that our bailout is enabling some to gamble with the money.
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I always want to give money to a crack addict and see what happens. There are no surprises, they continue the behavior. Why should we be surprised when it happens at the corporate level. -
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Republicrat1844Comment removed: Retracted by user4 Replies
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Mr_Dixon9 months, 2 weeks ago
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Hmmnnn..... this is curious. Now that Bush is gone no one is blaming the president on the increase price of gas. If the president was to blame these last 8 years, why isn't the president to blame now?
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Curious too how the responsibility for the increase price of gas totally missed Clinton even though he proposed and signed specific bills into law that raised the price of gas, initially a dollar a gallon.-
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most_reasonable9 months, 2 weeks ago
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"Curious too how the responsibility for the increase price of gas totally missed Clinton even though he proposed and signed specific bills into law that raised the price of gas, initially a dollar a gallon."
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I guess you forgot how Clinton released some of the strategic reserves when the price of oil went form $18/bbl to the destructive $25/bbl. In 5 days the oil was below 20/bbl.
Cheney was furious at the time, I wonder why. LOL
When he took office, he put the restocking of the oil reserves by placing bids at the ask, therefore placing a floor under the price of oil contracts and enabling and encouraging speculation. This was followed by removal of all oversight on the Funds.
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birdsabound9 months, 2 weeks ago
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The Chevy VOLT is an ELECTRIC car with a battery that will carry it FORTY miles. After that a GASOLINE ENGINE kicks in. But that motor is NOT coupled mechanically to the wheels (which are powered only ELECTRICALLY). Instead it DRIVES A GENERATOR that powers the motors, just like in the good old DIESEL-ELECTRIC LOCOMOTIVE!
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Statistics show that 75% of all auto usage is “short haul” runs that would fit within the 40-mile range of the battery, SO MOST OF THE TIME THE GASOLINE ENGINE WOULD NEVER RUN! The battery would be charged from the power grid --- or better yet, eventually your PHOTOVOLTAIC ARRAY or WIND-POWERED-GENERATOR LOW-VOLTAGE AUXILIARY SYSTEM) when the vehicle is not in use. (Using ELECTRICAL power could render it PRACTICAL to DIRECTLY harness the abundant but intermittent / highly variable FREE energy that rains down on us PERPETUALLY FROM THE SUN!) Absent FREE power, about 80 cents worth of "grid" power would “fill the tank”. Beyond that, fuel consumption would depend on how the car is used. For ordinary use the internal combustion engine WOULD BE ONLY MINIMALLY ACTIVE. (Now THERE is FOREIGN OIL INDEPENDENCE for you!)
It would be appropriate for "Government" to fund GM --- at BARELY above "subsistence levels"! --- to sustain ONLY those "life functions" of the moribund "patient" that TRULY, QUICKLY COMPEL evolutionary progress AWAY from the currently FAILING "business model"! That support needs to be very SPECIFIC, being directed PURPOSEFULLY toward ACTUAL IMPLEMENTATION, BRINGING INTO PRODUCTION, and more generally PUBLIC POPULARIZATION (through EDUCATION, and indirect tax-forbearance SUBSIDIZATION!), of such initiatives as the VOLT --and ALSO, more broadly, such OTHER "outside-the-box" alternatives as the Toyota / Hyundai / Ford pioneering of REGENERATIVE-BRAKING automotive ENERGY CONSERVATION technology!
Moreover, it ALSO needs to begin to dawn on us all that it will be advantageous to MARRY THE “REGENERATIVE-BRAKING” AND "ELECTRIC CAR" TECHNOLOGIES: doing so would about DOUBLE the RANGE of any battery-powered system, just as it doubles the efficiency and range of the all-gasoline-powered Toyota Prius (which has a 22.5 miles-per-gallon engine that ends up achieving around 45 mpg!). Maybe THAT initiative is what CHRYSLER should be "funded" to focus upon! (A little good-old-fashioned COMPETITION could be a VERY GOOD THING!)
SUCH are the sorts of initiatives needed to ACTUALLY IGNITE the "GREEN-COLLAR ECONOMIC REVOLUTION" which, if generally embraced, could INTELLIGENTLY, CONSTRUCTIVELY restore the economic health of this society (and would SURELY be preferable to any cockamamie WAR like the one whereby "we" "escaped" the so-called "Great" Depression!).
Now if my ideas come across as "HERETICAL", then so be it. But you DON'T successfully treat a patient who is DYING OF LUNG CANCER by BUYING HIM OR HER MORE CIGARETTES! (I SURE hope the OBAMA crowd is smart enough to "get" that! EVIDENTLY THEIR PREDECESSORS WERE NOT!) -
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most_reasonable9 months, 2 weeks ago
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"Hmmnnn..... this is curious. Now that Bush is gone no one is blaming the president on the increase price of gas. "
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That's like saying that the old occupant of the car that drove it into the ditch is no longer responsible for the tires falling off.
If Obama doesn't see through the manipulation and speculation, the economy will never improve, and he will face the wrath of the voters. -
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Rick78x9 months, 2 weeks ago
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It's those damn greedy investors again, betting on futures (in this case oil prices) going up and the dollar devaluation. How else can a justification exist for a rise in pricing in a market where demand is going down? It doesn't make economic or mathematical sense and should be condemned. And why isn't it addressed? Because the elistist bastards (including Obama) don't give a damn about the masses. Wake up people. Your being deceived, again.
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slate9 months, 2 weeks ago
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One other thing. The price of gasoline is based on the strength or weakness of the dollars used to purchase the crude. With the influx of the bailout money being printed, that devalues the dollar that to is a likely reason,,,,,, look and see if the dollar is weaker than a few months ago.....
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jwinstonComment removed: Spammer
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