Anyone Sick of these fuel costs?

[bucketobolts]

I really didn't want to dig up a dead thread...well maybe just a little.

Lets see, the price of sweat crude has fallen $15 in the past three days. Has anyone seen the price at the pump fall? Now when it was going up $3-5 a day before the 4th, I saw prices going up as much as $.10 a day.

I might not have an MBA in finance/economics, but I know when I'm getting bonedcratchhe:.

Then a side note, crude hits $145 a barrel the DJ falls like there is no bottom...Oil drops like a rock and the DJ turns around and climbs as fas as it fell. But commodities markets don't have a major effect on the markets?

[cuz1]

Where's superman when you need him?

[bucketobolts]

I thought you were Superman!!!

[cuz1]

I thought you were Superman!!!

You beat me to the punch! I was going to say the same thing about you!

:xyxthumbs:

[chuzie]

You should email Fox News. It will give them something to do. Very good question. I have been wondering that myself. Maybe the store owners are trying to recoup some of the hit they have been taking lately too. I bet people are spending less in the convenience side of the house since they are spending so much outside on the pump. Or maybe the suppliers have not changed their price to the stations. Oh Crap!!! Here I am speculating.

[JayT]

I agree that gas prices are high... I also agree that it's NOT the gas stations/stores that are gouging us. They are making very little on each tank of fuel we buy. A better question is what the hell are the people we put into office are doing with the taxes per gallon? Basically, I feel that the large companies are just gouging the consumer while they still can. "Alternative fuels" or whatever the media/candidates want to call it is inevitable. They're just gouging us while they can. When we're not longer buying oil (at least in the quantities that we are now), they won't have the income that they have now, and will just live on the money they're making now. That's just my feeling, and not based on facts or studies.

Now this is where I piss alot of people off with my thoughts on gas prices. Who cares?! It's nothing more than a political "issue" for us all to dwell on. Yeah, I look at the total when I'm filling up and recite "Wow. That sucks. I remember when...", but we're all paying the same... and I'm sure that we all pay for other things in our daily lives where the price isn't stable. We've been spoiled with gas prices being so low for most of our lives, and now that it's risen 30% in a year, we're all up in arms. We're still driving just as much, or more, than we were 20 years ago when the price of fuel was less that a dollar per gallon. If you were running a business, where your prices were so low, that you could raise your prices at this rate, and demand would still outpace your prices, wouldn't you raise your price?! WTF? The problem is US... The people. Not "the government". Costs of doing business is going up, prices will then go up, and salaries will also have to go up. That's how our economy has been built and been running for 230+ years.

We've got more serious issues in the Country/World than gas prices. For one... Our neighbors (literally) are getting killed everyday overseas and here we are bitching about how much is took to fill up our trucks.

Sorry to piss on everyone's fire. Let the flaming of JayT begin.

JayT

[Timstrk]

Three things will bring down the price of crude oil on the market today. 1: Conservation. To a point this will work, no demand no increase. I drive the same distance to work every day and can't change that. No conservation to be had. 2: Release of 2/3 of the strategic reserve to the market and cause a glut that can't be beat, and oil prices will tumble. No demand. 3: Open up offshore drilling. Nancy Pelosi calls this a hoax. She also believes in global warming. Can't have the Dems in control do anything to make the republicans look good in an election year. W wants to open offshore, the price of oil fell $10/bbl. Just stating that made the price come down. Do it and it will be back to $80/bbl in a blink. I have more but carpal tunnel kills me.

Tim

[bucketobolts]

I was listening to some debate about the offshore drilling. They kept bring up the fact that there are millions of acres that are open to drilling and that are not being used. Is the quality of the oil not up to standard? Is it too hard to get too? Or is this "I'm not going to open mine till your finished with your's" deal?

[Formud]

Three things will bring down the price of crude oil on the market today. 1: Conservation. To a point this will work, no demand no increase. I drive the same distance to work every day and can't change that. No conservation to be had. 2: Release of 2/3 of the strategic reserve to the market and cause a glut that can't be beat, and oil prices will tumble. No demand. 3: Open up offshore drilling. Nancy Pelosi calls this a hoax. She also believes in global warming. Can't have the Dems in control do anything to make the republicans look good in an election year. W wants to open offshore, the price of oil fell $10/bbl. Just stating that made the price come down. Do it and it will be back to $80/bbl in a blink. I have more but carpal tunnel kills me.

Tim

The only way offshore drilling is going to work long term is if we use it here and don't let oil companies send it overseas (Like their doing now) The only way to do that is, with a big export tax on it. Now that's not going to happen, cause the lobbyists in Wash won't let it. I can almost hear it now "This flies in the face of free enterprise"
So go ahead and drill, in the end the only ones who will thank us are Exxon and the japanese. (The #1 oil importers of your oil)
So as long as the right blames the left and the left blames the right it's us in the middle that pays the price. Just remember the old saying "Divide and conquer" If you don't believe me, go read about Roman history.

[Timstrk]

Taxes are not the answer to anything. Drunken sailors on shore leave, absolutely. They forget where their money comes from.
One obvious problem here is misunderstanding oil company profits. There is a vast difference between gross profit and net profit. Oil companies are running huge profits. Gross profits. Net for all of them is still around 9%. Right in the middle of the Fortune 500. Along with gross profits comes gross taxes, thank you democrats. Maybelline cosmetis has a higher profit margin than any oil company. I guess its ok to only make a profit on something no one wants.
The dems in Ohio have taxed every major business right out of the state. More corporate taxes are their answer to dwindling returns. Bye bye business. Texas has lowered corporate taxes and business is booming. Think about it people. Wait til the American Idol becomes president. Taxes will soar. 1040 form will be simple: how much did you make? line 2: send it in.
We need the Fair tax. Even 11 million illegal aliens will pay that when they shop at Kmart. What a beautiful system. Forced to pay taxes and refused any benfit because you are illegal. I know, ideal world. Never going to happen.

Tim